# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0001752724-23-074596
**Filing Date:** 2023-3
**Character Count:** 173041
**Document Hash:** f24a608e9e76ee9b34fc3433b39031c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-074596.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-074596

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund III
- **CENTRAL INDEX KEY:** 0001593547
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22920
- **FILM NUMBER:** 23783430

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** (800) 342-5734

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### PineBridge Dynamic Asset Allocation Fund (Series ID: S000052180)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000164186 | Investor Servicing Shares | PDAVX           |
| C000164187 | Institutional Shares      | PDAIX           |

## Nport-Ex

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
|  **SCHEDULE OF INVESTMENTS** | | |
|  **COMMON STOCK — 38.8%** | | |
|  | <br>**Shares** | <br>**Value** |
|  **Austria — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Verbund | 5474 | $466072 |
|  **Brazil — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Itau Unibanco Holding ADR \* | 47141 | 234762 |
| &nbsp;&nbsp;&nbsp;&nbsp; Localiza Rent a Car | 26976 | 314701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lojas Renner \* | 27650 | 118524 |
| &nbsp;&nbsp;&nbsp;&nbsp; MercadoLibre \* | 211 | 249337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Raia Drogasil | 32600 | 160229 |
|  |  | 1077553 |
|  **Canada — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Algonquin Power & Utilities | 40179 | 292914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kinaxis \* | 712 | 82756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northland Power | 14895 | 400095 |
|  |  | 775765 |
|  **China — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alibaba Group Holding ADR \* | 7463 | 822423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baidu ADR \* | 5777 | 778046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pinduoduo ADR \* | 8267 | 810001 |
|  |  | 2410470 |
|  **Denmark — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Orsted | 5045 | 449268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vestas Wind Systems | 83123 | 2432311 |
|  |  | 2881579 |
|  **Finland — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortum | 29393 | 441841 |
|  **France — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dassault Systemes | 2428 | 90299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Engie | 32065 | 455317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Legrand | 5682 | 506629 |
| &nbsp;&nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton | 781 | 681791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Schneider Electric | 721 | 116957 |
|  |  | 1850993 |
|  **Germany — 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; E.ON | 50195 | 547269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Infineon Technologies | 15825 | 569863 |
| &nbsp;&nbsp;&nbsp;&nbsp; RWE | 11210 | 499055 |
| &nbsp;&nbsp;&nbsp;&nbsp; SAP | 10403 | 1233167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Siemens | 881 | 137616 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **Germany — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Siemens Energy \* | 72149 | $1508544 |
|  |  | 4495514 |
|  **Greece — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; JUMBO \* | 10692 | 192003 |
|  **Hong Kong — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Geely Automobile Holdings | 207000 | 335816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shenzhou International Group Holdings | 49791 | 627049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wuxi Biologics Cayman \* | 70891 | 591969 |
|  |  | 1554834 |
|  **Hungary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; OTP Bank Nyrt | 5505 | 165874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Richter Gedeon Nyrt | 7691 | 173673 |
|  |  | 339547 |
|  **India — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Angel One | 15292 | 230779 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avenue Supermarts \* | 3331 | 143072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Divi's Laboratories | 5041 | 204827 |
| &nbsp;&nbsp;&nbsp;&nbsp; HDFC Bank | 13359 | 262887 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hindustan Unilever | 10029 | 316419 |
| &nbsp;&nbsp;&nbsp;&nbsp; ICICI Bank | 20981 | 214660 |
| &nbsp;&nbsp;&nbsp;&nbsp; Info Edge India | 2432 | 109753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Reliance Industries | 10677 | 308004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tata Consultancy Services | 7647 | 315620 |
|  |  | 2106021 |
|  **Indonesia — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank Central Asia | 769900 | 436925 |
|  **Ireland — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Kerry Group, Cl A | 3603 | 337600 |
|  **Italy — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Enel | 91267 | 537389 |
| &nbsp;&nbsp;&nbsp;&nbsp; ERG | 13554 | 409281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Prysmian | 28141 | 1149208 |
| &nbsp;&nbsp;&nbsp;&nbsp; STMicroelectronics | 12880 | 606307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Terna - Rete Elettrica Nazionale | 63810 | 504854 |
|  |  | 3207039 |
|  **Japan — 4.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Advantest | 5500 | 394245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ajinomoto | 20400 | 672559 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **Japan — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Asahi Group Holdings | 10600 | $350036 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asics | 19700 | 468871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Concordia Financial Group | 45200 | 198625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dai-ichi Life Holdings | 19100 | 448139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Daiichi Sankyo | 12000 | 376883 |
| &nbsp;&nbsp;&nbsp;&nbsp; FANUC | 6700 | 1183821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fuji Electric | 12300 | 497879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fuji Oil Holdings | 10100 | 160167 |
| &nbsp;&nbsp;&nbsp;&nbsp; FUJIFILM Holdings | 5800 | 306943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fujikura | 63200 | 480406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fujitsu | 600 | 85428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hitachi | 20835 | 1092639 |
| &nbsp;&nbsp;&nbsp;&nbsp; ITOCHU | 20400 | 659366 |
| &nbsp;&nbsp;&nbsp;&nbsp; JCR Pharmaceuticals | 11800 | 145593 |
| &nbsp;&nbsp;&nbsp;&nbsp; JMDC | 5700 | 188376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Keyence | 4424 | 2036672 |
| &nbsp;&nbsp;&nbsp;&nbsp; M&A Capital Partners \* | 8300 | 281122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Menicon | 15700 | 346922 |
| &nbsp;&nbsp;&nbsp;&nbsp; MINEBEA MITSUMI | 7400 | 129002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi Electric | 41500 | 457361 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group | 72800 | 533251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mitsui Fudosan | 19600 | 367376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morinaga Milk Industry | 1500 | 55489 |
| &nbsp;&nbsp;&nbsp;&nbsp; NEC | 15900 | 574430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nidec | 4300 | 238301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nippon Telegraph & Telephone | 46100 | 1382333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nitori Holdings | 1800 | 238240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nittoku | 7600 | 154966 |
| &nbsp;&nbsp;&nbsp;&nbsp; NTT Data | 28300 | 438972 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pan Pacific International Holdings | 17200 | 318082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Raito Kogyo | 17200 | 255261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Renesas Electronics \* | 40800 | 419673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rengo | 75800 | 534997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seven & i Holdings | 11700 | 552391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shin-Etsu Chemical | 2700 | 398043 |
| &nbsp;&nbsp;&nbsp;&nbsp; SHO-BOND Holdings | 3300 | 140798 |
| &nbsp;&nbsp;&nbsp;&nbsp; SMC | 1000 | 507911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Solasto | 6200 | 32664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sony Group | 7400 | 661202 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group | 12300 | 534572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Suzuki Motor | 9300 | 348677 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **Japan — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiyo Holdings | 2400 | $44274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tokyu | 47300 | 608249 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toyota Motor | 60900 | 894360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ushio | 9200 | 123322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yamaha | 5700 | 221639 |
|  |  | 21540528 |
|  **Mexico — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Fomento Economico Mexicano | 30100 | 263540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grupo Financiero Banorte, Cl O | 62600 | 518605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wal-Mart de Mexico | 123700 | 483160 |
|  |  | 1265305 |
|  **Netherlands — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Argenx ADR \* | 335 | 128054 |
|  **New Zealand — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Meridian Energy | 151797 | 524642 |
|  **Portugal — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; EDP - Energias de Portugal | 99488 | 494280 |
| &nbsp;&nbsp;&nbsp;&nbsp; EDP Renovaveis | 20405 | 443829 |
|  |  | 938109 |
|  **Russia — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Yandex, Cl A \* (A) | 16554 |  |
|  **South Africa — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Absa Group | 16512 | 189761 |
| &nbsp;&nbsp;&nbsp;&nbsp; FirstRand | 50619 | 188080 |
|  |  | 377841 |
|  **South Korea — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Doosan Bobcat | 14687 | 416791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hanwha Solutions \* | 20231 | 749746 |
| &nbsp;&nbsp;&nbsp;&nbsp; Samsung Electronics | 18744 | 933644 |
| &nbsp;&nbsp;&nbsp;&nbsp; SK Hynix | 23485 | 1698996 |
|  |  | 3799177 |
|  **Spain — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Acciona | 2379 | 464141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Amadeus IT Group, Cl A \* | 1821 | 114730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Endesa | 26046 | 519270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Iberdrola | 43237 | 507244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Red Electrica | 26633 | 471373 |
|  |  | 2076758 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **Sweden — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlas Copco, Cl A | 25185 | $298847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hexagon, Cl B | 7101 | 81402 |
|  |  | 380249 |
|  **Switzerland — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ABB | 2973 | 103507 |
|  **Taiwan — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Chailease Holding | 72152 | 543748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Delta Electronics | 52000 | 504268 |
| &nbsp;&nbsp;&nbsp;&nbsp; MediaTek | 10880 | 262871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing | 73600 | 1298805 |
|  |  | 2609692 |
|  **United Kingdom — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AstraZeneca | 3298 | 432078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coats Group | 221126 | 198836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Experian | 12972 | 474379 |
| &nbsp;&nbsp;&nbsp;&nbsp; SSE | 23936 | 510905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weir Group | 22471 | 495351 |
|  |  | 2111549 |
|  **United States — 25.5%** |  |  |
| &nbsp;&nbsp; **Communication Services — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Alphabet, Cl A \* | 24685 | 2439865 |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&T | 20740 | 422474 |
| &nbsp;&nbsp;&nbsp;&nbsp; Comcast, Cl A | 8080 | 317948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interpublic Group | 10545 | 384471 |
| &nbsp;&nbsp;&nbsp;&nbsp; Meta Platforms, Cl A \* | 10004 | 1490296 |
| &nbsp;&nbsp;&nbsp;&nbsp; T-Mobile US \* | 1046 | 156178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trade Desk, Cl A \* | 9646 | 489052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Warner Bros Discovery \* | 7877 | 116737 |
|  |  | 5817021 |
| &nbsp;&nbsp; **Consumer Discretionary — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Amazon.com \* | 6620 | 682721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Aramark | 9914 | 441470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Best Buy | 4929 | 437301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Cl A \* | 601 | 989474 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Motors | 7082 | 278464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hanesbrands \* | 11990 | 101196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lowe's | 4726 | 984190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lululemon Athletica \* | 937 | 287547 |
| &nbsp;&nbsp;&nbsp;&nbsp; NIKE, Cl B | 11346 | 1444686 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **United States — continued** |  |  |
| &nbsp;&nbsp; **Consumer Discretionary — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Target | 9761 | $1680258 |
| &nbsp;&nbsp;&nbsp;&nbsp; TJX | 3754 | 307302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ulta Beauty \* | 1072 | 550965 |
| &nbsp;&nbsp;&nbsp;&nbsp; VF | 3475 | 107517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yum China Holdings | 8703 | 536192 |
|  |  | 8829283 |
| &nbsp;&nbsp; **Consumer Staples — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Altria Group | 6153 | 277131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Costco Wholesale | 2401 | 1227247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Estee Lauder, Cl A | 3181 | 881391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hershey | 1695 | 380697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Monster Beverage \* | 6188 | 644047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International | 1398 | 145728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Walmart | 10103 | 1453519 |
|  |  | 5009760 |
| &nbsp;&nbsp; **Energy — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Baker Hughes, Cl A | 5547 | 176062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chevron | 4746 | 825899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Devon Energy | 3154 | 199459 |
| &nbsp;&nbsp;&nbsp;&nbsp; EOG Resources | 2043 | 270187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Exxon Mobil | 9230 | 1070772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Schlumberger | 15142 | 862791 |
|  |  | 3405170 |
| &nbsp;&nbsp; **Financials — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express | 5133 | 897916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of America | 15919 | 564806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Discover Financial Services | 2259 | 263693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Group | 781 | 285698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huntington Bancshares | 39881 | 604995 |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase | 11196 | 1566992 |
| &nbsp;&nbsp;&nbsp;&nbsp; LPL Financial Holdings | 1724 | 408795 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regions Financial | 17990 | 423485 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P Global | 5282 | 1980433 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street | 6779 | 619126 |
| &nbsp;&nbsp;&nbsp;&nbsp; SVB Financial Group \* | 908 | 274615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synchrony Financial | 5920 | 217442 |
| &nbsp;&nbsp;&nbsp;&nbsp; T Rowe Price Group | 4032 | 469607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo | 11820 | 554003 |
|  |  | 9131606 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **United States — continued** |  |  |
| &nbsp;&nbsp; **Health Care — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Abbott Laboratories | 5648 | $624386 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alcon | 5135 | 386203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Align Technology \* | 977 | 263526 |
| &nbsp;&nbsp;&nbsp;&nbsp; AmerisourceBergen, Cl A | 2214 | 374077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avantor \* | 15138 | 361798 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories International \* | 1768 | 430066 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDEXX Laboratories \* | 1707 | 820214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Johnson & Johnson | 1725 | 281900 |
| &nbsp;&nbsp;&nbsp;&nbsp; McKesson | 4971 | 1882418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merck | 7765 | 834039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Moderna \* | 1785 | 314267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pfizer | 8608 | 380129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals \* | 1890 | 1433508 |
| &nbsp;&nbsp;&nbsp;&nbsp; Veeva Systems, Cl A \* | 681 | 116145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals \* | 6085 | 1966064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoetis, Cl A | 2415 | 399658 |
|  |  | 10868398 |
| &nbsp;&nbsp; **Industrials — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3M | 1908 | 219573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allegion | 4501 | 529092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding, Cl A | 4086 | 386699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caterpillar | 1410 | 355729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cintas | 412 | 182821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Copart \* | 3188 | 212353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dover | 2137 | 324461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Emerson Electric | 1094 | 98701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equifax | 2108 | 468398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of Washington | 2178 | 235551 |
| &nbsp;&nbsp;&nbsp;&nbsp; General Electric | 1427 | 114845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Graco | 2894 | 197718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Honeywell International | 2724 | 567899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hubbell, Cl B | 616 | 141008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Illinois Tool Works | 5106 | 1205220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lockheed Martin | 573 | 265448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northrop Grumman | 684 | 306459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Old Dominion Freight Line | 503 | 167620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Otis Worldwide | 5933 | 487871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Quanta Services | 6195 | 942817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Raytheon Technologies | 6060 | 605091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Republic Services, Cl A | 3589 | 447979 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **United States — continued** |  |  |
| &nbsp;&nbsp; **Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Robert Half International | 3102 | $260444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rockwell Automation | 3330 | 939160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rollins | 5926 | 215706 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrun \* | 29626 | 778571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trane Technologies | 2624 | 470011 |
| &nbsp;&nbsp;&nbsp;&nbsp; Union Pacific | 2249 | 459223 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Parcel Service, Cl B | 1715 | 317669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies | 4302 | 446591 |
|  |  | 12350728 |
| &nbsp;&nbsp; **Information Technology — 11.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accenture, Cl A | 2770 | 772968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Adobe \* | 3896 | 1442845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Advanced Micro Devices \* | 1800 | 135270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Akamai Technologies \* | 3586 | 318975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Analog Devices | 682 | 116943 |
| &nbsp;&nbsp;&nbsp;&nbsp; ANSYS \* | 1719 | 457873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apple | 7535 | 1087225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Applied Materials | 6365 | 709634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arista Networks \* | 3753 | 472953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Autodesk \* | 4073 | 876347 |
| &nbsp;&nbsp;&nbsp;&nbsp; Automatic Data Processing | 1510 | 340973 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bill.com Holdings \* | 795 | 91918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadcom | 346 | 202413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Broadridge Financial Solutions | 3623 | 544754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cadence Design Systems \* | 5564 | 1017266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ceridian HCM Holding \* | 1195 | 86375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Check Point Software Technologies \* | 3058 | 388978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cisco Systems | 28061 | 1365729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Datadog, Cl A \* | 5128 | 383626 |
| &nbsp;&nbsp;&nbsp;&nbsp; DocuSign, Cl A \* | 13387 | 811788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Enphase Energy \* | 2516 | 556992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services | 8287 | 621856 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Solar \* | 4649 | 825662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fortinet \* | 19667 | 1029371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gartner \* | 338 | 114291 |
| &nbsp;&nbsp;&nbsp;&nbsp; GoDaddy, Cl A \* | 1071 | 87961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise | 26683 | 430397 |
| &nbsp;&nbsp;&nbsp;&nbsp; HP | 19609 | 571406 |
| &nbsp;&nbsp;&nbsp;&nbsp; HubSpot \* | 1004 | 348398 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines | 8257 | 1112466 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **United States — continued** |  |  |
| &nbsp;&nbsp; **Information Technology — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Intuit | 3841 | $1623475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Juniper Networks | 11607 | 374906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lam Research | 1097 | 548610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Marvell Technology | 2066 | 89148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mastercard, Cl A | 3057 | 1132924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microchip Technology | 1198 | 92989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft | 19176 | 4752004 |
| &nbsp;&nbsp;&nbsp;&nbsp; MongoDB, Cl A \* | 431 | 92324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Motorola Solutions | 1823 | 468529 |
| &nbsp;&nbsp;&nbsp;&nbsp; NVIDIA | 6651 | 1299406 |
| &nbsp;&nbsp;&nbsp;&nbsp; NXP Semiconductors | 3229 | 595137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Okta, Cl A \* | 10932 | 804704 |
| &nbsp;&nbsp;&nbsp;&nbsp; ON Semiconductor \* | 1222 | 89756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Oracle | 17454 | 1543981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Palo Alto Networks \* | 3800 | 602832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paychex | 1976 | 228939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paycom Software \* | 1856 | 601233 |
| &nbsp;&nbsp;&nbsp;&nbsp; PayPal Holdings \* | 6498 | 529522 |
| &nbsp;&nbsp;&nbsp;&nbsp; PTC \* | 2868 | 386836 |
| &nbsp;&nbsp;&nbsp;&nbsp; QUALCOMM | 8600 | 1145606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Roper Technologies | 807 | 344387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Salesforce \* | 11795 | 1981206 |
| &nbsp;&nbsp;&nbsp;&nbsp; ServiceNow \* | 4415 | 2009399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shopify, Cl A \* | 16231 | 799701 |
| &nbsp;&nbsp;&nbsp;&nbsp; Snowflake, Cl A \* | 4508 | 705232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Splunk \* | 5339 | 511316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Synopsys \* | 3469 | 1227159 |
| &nbsp;&nbsp;&nbsp;&nbsp; TE Connectivity | 5877 | 747261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teradyne | 5487 | 558028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Texas Instruments | 4006 | 709903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trimble \* | 6677 | 387667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tyler Technologies \* | 283 | 91344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unity Software \* | 10036 | 356479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Visa, Cl A | 1519 | 349689 |
| &nbsp;&nbsp;&nbsp;&nbsp; VMware, Cl A \* | 9066 | 1110313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Workday, Cl A \* | 4228 | 767086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zebra Technologies, Cl A \* | 1286 | 406607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoom Video Communications, Cl A \* | 6664 | 499800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zscaler \* | 7210 | 895194 |
|  |  | 48784285 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br> **Shares** |<br> **Value** |
|  **United States — continued** |  |  |
| &nbsp;&nbsp; **Materials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Dow | 2428 | $144102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ecolab | 1206 | 186725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nucor | 4908 | 829550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westrock | 15338 | 601863 |
|  |  | 1762240 |
| &nbsp;&nbsp; **Real Estate — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CBRE Group, Cl A \* | 12099 | 1034586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Weyerhaeuser | 21010 | 723374 |
|  |  | 1757960 |
| &nbsp;&nbsp; **Utilities — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlantica Sustainable Infrastructure | 15478 | 424407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Avangrid | 11102 | 468171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Renewable, Cl A | 13909 | 438412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clearway Energy, Cl C | 12484 | 421834 |
| &nbsp;&nbsp;&nbsp;&nbsp; IDACORP | 4398 | 465353 |
| &nbsp;&nbsp;&nbsp;&nbsp; NextEra Energy | 5635 | 420540 |
| &nbsp;&nbsp;&nbsp;&nbsp; NRG Energy | 36379 | 1244889 |
|  |  | 3883606 |
|  |  | 111600057 |
|  TOTAL COMMON STOCK<br>(Cost $156,174,881) |  | 170029224 |
|  **U.S. TREASURY OBLIGATIONS — 13.7%** |  |  |
|  | **Face Amount** |  |
| &nbsp;&nbsp; U.S. Treasury Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, 05/15/2042 | $12922000 | 11989193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 02/15/2043 | 4383000 | 3976203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 02/15/2042 | 4352000 | 3979020 |
| &nbsp;&nbsp; U.S. Treasury Note |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, 05/15/2024 | 13564000 | 13204236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 06/30/2024 | 13786000 | 13304567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, 05/31/2024 | 13749000 | 13287657 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **U.S. TREASURY OBLIGATIONS — continued** | | |
|  |<br> **Face Amount** |<br> **Value** |
|  TOTAL U.S. TREASURY OBLIGATIONS<br>(Cost $62,239,225) |  | $59740876 |
|  **CORPORATE OBLIGATIONS — 12.0%** |  |  |
|  **Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Home Depot<br>3.750%, 02/15/2024 | $320000 | 316625 |
|  **Consumer Staples — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; General Mills<br>3.650%, 02/15/2024 | 2774000 | 2736815 |
|  **Financials — 6.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; American Express<br>3.700%, 08/03/2023 | 594000 | 590600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.400%, 02/22/2024 | 3012000 | 2964616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Asian Development Bank MTN<br>5.178%, SOFR Index + 1.000%, 08/27/2026 | 606000 | 617956 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 07/14/2023 (B) | 631000 | 618203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Montreal MTN<br>4.601%, SOFR Index + 0.270%, 04/14/2023 | 4396000 | 4395865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.400%, 09/15/2023 (B) | 2998000 | 2915192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of New York Mellon MTN<br>4.592%, U.S. SOFR + 0.260%, 04/26/2024 | 619000 | 617043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.350%, 12/07/2023 (B) | 518000 | 499086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce<br>5.129%, U.S. SOFR + 0.800%, 03/17/2023 | 3997000 | 3999537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.450%, 06/22/2023 (B) | 4996000 | 4912058 |
| &nbsp;&nbsp;&nbsp;&nbsp; European Investment Bank<br>1.375%, 05/15/2023 | 1193000 | 1181607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 09/15/2023 | 632000 | 614374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kreditanstalt fuer Wiederaufbau<br>0.500%, 09/20/2024 | 1238000 | 1161109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.250%, 04/25/2023 | 630000 | 623480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley MTN<br>3.750%, 02/25/2023 | 601000 | 600417 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street<br>3.700%, 11/20/2023 | 582000 | 575639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Toronto-Dominion Bank MTN<br>0.450%, 09/11/2023 | 3157000 | 3074806 |
|  |  | 29961588 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE OBLIGATIONS — continued** | | |
|  |<br> **Face Amount** |<br> **Value** |
|  **Health Care — 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; AstraZeneca<br>0.300%, 05/26/2023 | $3066000 | $3022679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Astrazeneca Finance<br>0.700%, 05/28/2024 | 1006000 | 955389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gilead Sciences<br>3.700%, 04/01/2024 | 2346000 | 2315744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.750%, 09/29/2023 | 1670000 | 1624034 |
|  |  | 7917846 |
|  **Information Technology — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Microsoft<br>2.875%, 02/06/2024 | 496000 | 487158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 05/01/2023 | 265000 | 263626 |
|  |  | 750784 |
|  **Real Estate — 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Country Garden Holdings<br>8.000%, 01/27/2024 | 1569000 | 1372406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hopson Development Holdings<br>6.800%, 12/28/2023 | 341000 | 323664 |
| &nbsp;&nbsp;&nbsp;&nbsp; New Metro Global<br>4.800%, 12/15/2024 | 200000 | 170236 |
| &nbsp;&nbsp;&nbsp;&nbsp; RKPF Overseas<br>6.700%, 09/30/2024 | 1550000 | 1427163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.900%, 03/05/2025 | 1150000 | 1016922 |
| &nbsp;&nbsp;&nbsp;&nbsp; RKPF Overseas<br>7.875%, 02/01/2023 | 1752000 | 1752000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Seazen Group<br>6.000%, 08/12/2024 | 200000 | 168360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wanda Properties International<br>7.250%, 01/29/2024 | 480000 | 461280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yanlord Land HK<br>6.800%, 02/27/2024 | 2129000 | 2080033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 04/23/2023 | 2190000 | 2183430 |
|  |  | 10955494 |
|  TOTAL CORPORATE OBLIGATIONS<br>(Cost $53,648,018) |  | 52639152 |
|  **EXCHANGE TRADED FUNDS — 1.2%** |  |  |
|  | **Shares** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Invesco DB Base Metals Fund | 160602 | 3528426 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| **EXCHANGE TRADED FUNDS — continued** | | |
|  |<br> **Shares** |<br> **Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Xtrackers Harvest CSI 300 China Fund, Cl A | 54093 | $1688242 |
|  TOTAL EXCHANGE TRADED FUNDS<br>(Cost $5,288,771) |  | 5216668 |
|  **RIGHT — 0.0%** |  |  |
|  | **Number of Rights** |  |
|  **Brazil — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Localiza Rent a Car, Strike Price 42.25 BRL, 02/07/2023 \* | 118 | 394 |
|  TOTAL RIGHT<br>(Cost $—) |  | 394 |
|  TOTAL INVESTMENTS — 65.7%<br>(Cost $277,350,895) |  | $287626314 |

---

*Percentages are based on Net Asset of 437,707,078.* 

*\** *Non-income producing security.* 

*(A)* *Level 3 security in accordance with fair value hierarchy.* 

*(B)* *Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.* 

ADR — American Depositary Receipt

AUD — Australian Dollar

BRL — Brazilian Real

CAD — Canadian Dollar

CHF — Swiss Franc

Cl — Class

CNH — Chinese Yuan Offshore

EAFE — Europe, Australasia and Far East

EUR — Euro

FTSE— Financial Times Stock Exchange

GBP — British Pound Sterling

INR — Indian Rupee

JPY — Japanese Yen

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

NASDAQ – National Association of Securities Dealers and Automated Quotations

S&P— Standard & Poor's

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

SOFR — Secured Overnight Financing Rate

TOPIX- Tokyo Price Index

USD — U.S. Dollar

A list of the outstanding forward foreign currency contracts held by the Fund at January 31, 2023, is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Currency to** | **Currency to** | | | |
| <br>**Counterparty** |<br> **Settlement**<br>**Date** | **Deliver** | **Deliver** | **Currency to Receive** | **Currency to Receive** | **Unrealized**<br>**Appreciation/**<br>**(Depreciation)** |
|  Morgan Stanley | 03/15/23 | USD | 11743488 | AUD | 17310000 | $494931 |
|  Morgan Stanley | 03/15/23 | USD | 17467121 | INR | 1431390000 | (14712) |
|  Morgan Stanley | 03/15/23 | USD | 13123315 | JPY | 1677730000 | (159666) |
|  Morgan Stanley | 03/15/23 | USD | 8174990 | CNH | 54640000 | (65395) |
|  Morgan Stanley | 03/15/23 | USD | 58669842 | EUR | 54830000 | 1098729 |
|  Morgan Stanley | 03/15/23 | USD | 4764512 | CNH | 32200000 | 14569 |
|  Morgan Stanley | 03/15/23 | USD | 10123357 | CAD | 13809000 | 258192 |
|  Morgan Stanley | 03/15/23 | USD | 39705042 | JPY | 5256563000 | 911884 |
|  Morgan Stanley | 03/15/23 | USD | 4342670 | CHF | 4004000 | 50768 |
|  Morgan Stanley | 03/15/23 | USD | 7710304 | GBP | 6310000 | 76222 |
|  Morgan Stanley | 03/15/23 | USD | 8965222 | GBP | 7195000 | (86608) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2578914 |

---

------

---

| | |
|:---|:---|
|  **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC**<br> **ASSET ALLOCATION FUND**<br> **JANUARY 31, 2023 (UNAUDITED)** |

---

The open futures contracts held by the Fund at January 31, 2023, are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of<br>Contracts** | **Expiration<br>Date** | **Notional**<br> **Amount <sup>†</sup>**  | **Value** | **Unrealized <br>Appreciation/ <br>(Depreciation)** |
| **Long Contracts**  |  |  |  |  |  |
|  FTSE China A50 | 1164 | 2/27/23 | $16228992 | $16262244 | $33252 |
|  Hang Seng China Enterprises Index | 690 | 2/27/23 | 34107156 | 32796592 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1256745) |
|  SGX Nifty 50 | 496 | 2/23/23 | 17538295 | 17609984 | 71689 |
|  U.S. 5-Year Treasury Note | 431 | 3/31/23 | 47025298 | 47083383 | 58085 |
|  U.S. 10-Year Treasury Note | 186 | 3/22/23 | 21320315 | 21299906 | (20409) |
|  U.S. Ultra Long Treasury Bond | 303 | 3/22/23 | 41066635 | 42950250 | 1883615 |
|  |  |  | $177286691 | $178002359 | $769487 |
| **Short Contracts**  |  |  |  |  |  |
|  MSCI EAFE Index | (41) | 3/17/23 | $(4135562) | $(4343950) | $(208387) |
|  MSCI Emerging Markets | (29) | 3/17/23 | (1424934) | (1514670) | (89736) |
|  NASDAQ 100 Index E-MINI | (38) | 3/17/23 | (8520321) | (9235520) | (715199) |
|  S&P 500 Index E-MINI | (281) | 3/17/23 | (56606257) | (57464500) | (858243) |
|  TOPIX Index | (117) | 3/9/23 | (16603613) | (17756962) | (313573) |
|  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(87290687) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(90315602) | $(2185138) |
|  |  |  | $89996004 | $87686757 | $(1415651) |

---

† The foreign exchange rate for the contract notional amounts are based on prevailing exchange rates on the date the
respective contracts were opened.

PBI-QH-001-1400

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE III

- **b. Investment Company Act file number:** 811-22920

- **c. CIK number of Registrant:** 0001593547

- **d. LEI of Registrant:** 549300TG800HOPJVWT31

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** PineBridge Dynamic Asset Allocation Fund

- **b. EDGAR series identifier (if any):** S000052180

- **c. LEI of Series:** 549300LOGIIZMPJP7E62

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $438389367.31

**Total Liabilities:** $665299.37

**Net Assets:** $437724067.94

**Cash Not Reported:** $320255.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -786.54160697 | **1-Year:** -1678.50658667 | **5-Year:** -184.10936835 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -66.05710762 | **1-Year:** -795.57157553 | **5-Year:** -103.98062805 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164187 | 5.20%                | -0.37%               | 6.95%                |
| Class ID C000164186 | 5.20%                | -0.47%               | 6.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1683774.88             | $17123527.89                               |
| Month 2  | $-685728.96              | $-6737727.52                               |
| Month 3  | $787003.47               | $16174441.13                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ERG S.P.A.                                            | ERG SPA COMMON STOCK                                          | CUSIP: N/A<br>LEI: 8156004604684CA44A90       | Long             | EC               |  | IT        |     13554 | NS      | $409281.03    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET CORPORATION                              | STATE STREET CORP 3.700000% 11/20/2023                        | CUSIP: 857477AM5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    582000 | PA      | $575638.74    | 0.13%             | 2023-11-20      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt. | RICHTER GEDEON NYRT COMMON STOCK                              | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               |  | HU        |      7691 | NS      | $173673.58    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH STERLING POUND                                | FX Forward Contract: GBP/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | GB        |         1 | NC      | $-86607.79    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                   | NASDAQ 100 E-MINI MAR23 PHYSICAL INDEX FUTURE.                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -38 | NC      | $-9235520.00  | -2.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                     | SIEMENS ENERGY AG COMMON STOCK                                | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               |  | DE        |     72149 | NS      | $1508544.11   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| SALESFORCE, INC.                                      | SALESFORCE INC COMMON STOCK                                   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               |  | US        |     11795 | NS      | $1981206.15   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA FINANCE LLC                               | ASTRAZENECA FINANCE LLC 0.700000% 05/28/2024                  | CUSIP: 04636NAC7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | GB        |   1006000 | PA      | $955388.93    | 0.22%             | 2024-05-28      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                              | INFINEON TECHNOLOGIES AG COMMON STOCK                         | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               |  | DE        |     15825 | NS      | $569862.99    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corporation                                | SONY GROUP CORP COMMON STOCK                                  | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               |  | JP        |      7400 | NS      | $661201.75    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA ELECTRONICS, INC.                               | DELTA ELECTRONICS INC COMMON STOCK                            | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               |  | TW        |     52000 | NS      | $504268.31    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| DOVER CORPORATION                                     | DOVER CORP COMMON STOCK                                       | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               |  | US        |      2137 | NS      | $324460.71    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HANWHA SOLUTIONS CORPORATION                          | HANWHA SOLUTIONS CORP COMMON STOCK                            | CUSIP: N/A<br>LEI: 549300M2V0ZS71BRNR68       | Long             | EC               |  | KR        |     20231 | NS      | $749746.03    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| MinebeaMitsumi Inc.                                   | MINEBEA MITSUMI INC COMMON STOCK                              | CUSIP: N/A<br>LEI: 353800CCB0CZ75YZ4010       | Long             | EC               |  | JP        |      7400 | NS      | $129002.01    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUIFAX INC.                                          | EQUIFAX INC COMMON STOCK                                      | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               |  | US        |      2108 | NS      | $468397.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC.                                               | HP INC COMMON STOCK                                           | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               |  | US        |     19609 | NS      | $571406.26    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ENGIE SA                                              | ENGIE COMMON STOCK                                            | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               |  | FR        |     32065 | NS      | $455317.04    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Endesa, Sociedad Anonima                              | ENDESA SA COMMON STOCK                                        | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               |  | ES        |     26046 | NS      | $519269.81    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| JCR Pharmaceuticals Co., Ltd.                         | JCR PHARMACEUTICALS CO LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     11800 | NS      | $145593.05    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Amadeus IT Group SA                                   | AMADEUS IT GROUP SA COMMON STOCK                              | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               |  | ES        |      1821 | NS      | $114729.74    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGRAND SA                                            | LEGRAND SA COMMON STOCK                                       | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               |  | FR        |      5682 | NS      | $506628.32    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPIFY INC.                                          | SHOPIFY INC - CLASS A COMMON STOCK                            | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               |  | US        |     16231 | NS      | $799701.37    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJI ELECTRIC CO., LTD.                               | FUJI ELECTRIC CO LTD COMMON STOCK                             | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               |  | JP        |     12300 | NS      | $497879.27    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE               | CANADIAN IMPERIAL BANK OF COMMERCE VARIABLE RATE 03/17/2023   | CUSIP: 13607GKW3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | NUSS              | CA        |   3997000 | PA      | $3999537.46   | 0.91%             | 2023-03-17      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW METRO GLOBAL LIMITED                              | NEW METRO GLOBAL LTD 4.800000% 12/15/2024                     | CUSIP: N/A<br>LEI: 549300HJRNTCANEH0D47       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $170236.00    | 0.04%             | 2024-12-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| LA BANQUE TORONTO-DOMINION                            | TORONTO-DOMINION BANK/THE MTN 0.450000% 09/11/2023            | CUSIP: 89114QCJ5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | NUSS              | CA        |   3157000 | PA      | $3074805.64   | 0.70%             | 2023-09-11      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Xtrackers Hvst CSI 300 China A-Shs ETF                | XTRACKERS HARVEST CSI 300 CH MUTUAL FUND                      | CUSIP: 233051879<br>LEI: N/A                  | Long             | EC               | RF                | US        |     54093 | NS      | $1688242.53   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                  | FX Forward Contract: EUR/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | XX        |         1 | NC      | $157128.30    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BAIDU, INC.                                           | BAIDU INC - SPON ADR DEPOSITARY RECEIPT                       | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               |  | US        |      5777 | NS      | $778046.36    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NITTOKU CO., LTD.                                     | NITTOKU CO LTD COMMON STOCK                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      7600 | NS      | $154966.09    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NUCOR CORPORATION                                     | NUCOR CORP COMMON STOCK                                       | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               |  | US        |      4908 | NS      | $829550.16    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                              | AMERICAN EXPRESS CO COMMON STOCK                              | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               |  | US        |      5133 | NS      | $897915.69    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL, INC.        | CHARLES RIVER LABORATORIES COMMON STOCK                       | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               |  | US        |      1768 | NS      | $430066.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MALAYSIAN RINGGIT                                     | FX Forward Contract: CNY/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CN        |         1 | NC      | $14569.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corporation                                    | ITOCHU CORP COMMON STOCK                                      | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               |  | JP        |     20400 | NS      | $659365.47    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| ACCENTURE PUBLIC LIMITED COMPANY                      | ACCENTURE PLC-CL A COMMON STOCK                               | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               |  | US        |      2770 | NS      | $772968.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON TELEGRAPH AND TELEPHONE CORPORATION            | NIPPON TELEGRAPH & TELEPHONE COMMON STOCK                     | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               |  | JP        |     46100 | NS      | $1382332.65   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                              | US 10YR NOTE (CBT)MAR23 FINANCIAL COMMODITY FUTURE.           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       186 | NC      | $21299906.25  | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDUSTAN UNILEVER LIMITED                            | HINDUSTAN UNILEVER LTD COMMON STOCK                           | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               |  | IN        |     10029 | NS      | $316418.67    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yanlord Land (HK) Co., Ltd.                           | YANLORD LAND HK CO LTD 6.800000% 02/27/2024                   | CUSIP: N/A<br>LEI: 549300O56H3950RDWG19       | Long             | DBT              | NUSS              | CN        |   2129000 | PA      | $2080033.00   | 0.48%             | 2024-02-27      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Bill.com Holdings Inc                                 | BILL.COM HOLDINGS INC COMMON STOCK                            | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               |  | US        |       795 | NS      | $91917.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJI OIL HOLDINGS INC.                                | FUJI OIL HOLDINGS INC COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     10100 | NS      | $160166.93    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NXP Semiconductors N.V.                               | NXP SEMICONDUCTORS NV COMMON STOCK                            | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Long             | EC               |  | US        |      3229 | NS      | $595136.99    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                               | STMICROELECTRONICS NV COMMON STOCK                            | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               |  | IT        |     12880 | NS      | $606306.63    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| FANUC CORPORATION                                     | FANUC CORP COMMON STOCK                                       | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               |  | JP        |      6700 | NS      | $1183820.97   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                   | S&P500 EMINI FUT  MAR23 PHYSICAL INDEX FUTURE.                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -281 | NC      | $-57464500.00 | -13.13%           |  |  |  | No            |                  1 | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                             | T ROWE PRICE GROUP INC COMMON STOCK                           | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               |  | US        |      4032 | NS      | $469607.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION, INC.                             | ROCKWELL AUTOMATION INC COMMON STOCK                          | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               |  | US        |      3330 | NS      | $939159.90    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                         | GOLDMAN SACHS GROUP INC COMMON STOCK                          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               |  | US        |       781 | NS      | $285697.61    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                | TRANE TECHNOLOGIES PLC COMMON STOCK                           | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               |  | US        |      2624 | NS      | $470010.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADYNE, INC.                                        | TERADYNE INC COMMON STOCK                                     | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               |  | US        |      5487 | NS      | $558027.90    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| M&A Capital Partners Co Ltd                           | M&A CAPITAL PARTNERS CO LTD COMMON STOCK                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      8300 | NS      | $281121.75    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AUSTRALIAN DOLLAR                                     | FX Forward Contract: AUD/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | AU        |         1 | NC      | $1063.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SUZUKI MOTOR CORPORATION                              | SUZUKI MOTOR CORP COMMON STOCK                                | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               |  | JP        |      9300 | NS      | $348677.46    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP Renovaveis, S.A.                                  | EDP RENOVAVEIS SA COMMON STOCK                                | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               |  | PT        |     20405 | NS      | $443829.20    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| HANESBRANDS INC.                                      | HANESBRANDS INC COMMON STOCK                                  | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               |  | US        |     11990 | NS      | $101195.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN                                          | FX Forward Contract: JPY/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | JP        |         1 | NC      | $91335.50     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ECOLAB INC.                                           | ECOLAB INC COMMON STOCK                                       | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               |  | US        |      1206 | NS      | $186724.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OKTA, INC.                                            | OKTA INC COMMON STOCK                                         | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               |  | US        |     10932 | NS      | $804704.52    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCALIZA RENT A CAR S.A.                              | LOCALIZA RENT A CAR COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     26976 | NS      | $314701.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven & i Holdings Co., Ltd.                          | SEVEN & I HOLDINGS CO LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 52990037G8JRM3TWGY86       | Long             | EC               |  | JP        |     11700 | NS      | $552391.12    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| PRYSMIAN S.P.A.                                       | PRYSMIAN SPA COMMON STOCK                                     | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               |  | IT        |     28141 | NS      | $1149208.51   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| THE TRADE DESK, INC.                                  | TRADE DESK INC/THE -CLASS A COMMON STOCK                      | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               |  | US        |      9646 | NS      | $489052.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                 | GILEAD SCIENCES INC 3.700000% 04/01/2024                      | CUSIP: 375558AW3<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   2346000 | PA      | $2315744.51   | 0.53%             | 2024-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CBRE GROUP, INC.                                      | CBRE GROUP INC - A COMMON STOCK                               | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               |  | US        |     12099 | NS      | $1034585.49   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                                   | ABBOTT LABORATORIES COMMON STOCK                              | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               |  | US        |      5648 | NS      | $624386.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted A/S                                            | ORSTED A/S COMMON STOCK                                       | CUSIP: N/A<br>LEI: W9NG6WMZIYEU8VEDOG48       | Long             | EC               |  | DK        |      5045 | NS      | $449267.61    | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MALAYSIAN RINGGIT                                     | FX Forward Contract: CNY/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CN        |         1 | NC      | $-65394.80    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA CORPORATION                                    | NVIDIA CORP COMMON STOCK                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               |  | US        |      6651 | NS      | $1299405.87   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLAR                                       | FX Forward Contract: CAD/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CA        |         1 | NC      | $225569.19    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CHAILEASE HOLDING COMPANY LIMITED                     | CHAILEASE HOLDING CO LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 529900L76E6T0JCM3J27       | Long             | EC               |  | TW        |     72152 | NS      | $543747.57    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc.                                         | MEDIATEK INC COMMON STOCK                                     | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               |  | TW        |     10880 | NS      | $262871.37    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| VISA INC.                                             | VISA INC-CLASS A SHARES COMMON STOCK                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |      1519 | NS      | $349688.99    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTROCK COMPANY                                      | WESTROCK CO COMMON STOCK                                      | CUSIP: 96145D105<br>LEI: 5493004Z9TCQW68YVL89 | Long             | EC               |  | US        |     15338 | NS      | $601863.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RAITO KOGYO CO., LTD.                                 | RAITO KOGYO CO LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     17200 | NS      | $255261.20    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                              | AMERICAN EXPRESS CO 3.400000% 02/22/2024                      | CUSIP: 025816CC1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3012000 | PA      | $2964616.30   | 0.68%             | 2024-02-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| LOJAS RENNER S.A.                                     | LOJAS RENNER S.A. COMMON STOCK                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     27650 | NS      | $118524.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SPLUNK INC.                                           | SPLUNK INC COMMON STOCK                                       | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               |  | US        |      5339 | NS      | $511316.03    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M COMPANY                                            | 3M CO COMMON STOCK                                            | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               |  | US        |      1908 | NS      | $219572.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                              | US TREASURY N/B 3.125000% 02/15/2042                          | CUSIP: 912810QU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4352000 | PA      | $3979020.02   | 0.91%             | 2042-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE               | CANADIAN IMPERIAL BANK OF COMMERCE 0.450000% 06/22/2023       | CUSIP: 13607HVC3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | NUSS              | CA        |   4996000 | PA      | $4912057.61   | 1.12%             | 2023-06-22      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| JAPANESE YEN                                          | FX Forward Contract: JPY/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | JP        |         1 | NC      | $69.35        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ILLINOIS TOOL WORKS INC.                              | ILLINOIS TOOL WORKS COMMON STOCK                              | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               |  | US        |      5106 | NS      | $1205220.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Wanda Properties International Co. Limited            | WANDA PROPERTIES INTERNATIONAL CO LTD 7.250000% 01/29/2024    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | CN        |    480000 | PA      | $461280.00    | 0.11%             | 2024-01-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EURO                                                  | FX Forward Contract: EUR/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | XX        |         1 | NC      | $105981.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ANALOG DEVICES, INC.                                  | ANALOG DEVICES INC COMMON STOCK                               | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               |  | US        |       682 | NS      | $116942.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                                         | ZSCALER INC COMMON STOCK                                      | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               |  | US        |      7210 | NS      | $895193.60    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE, INC.                           | UNITED PARCEL SERVICE-CL B COMMON STOCK                       | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               |  | US        |      1715 | NS      | $317669.45    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | SGX NIFTY 50      FEB23 PHYSICAL INDEX FUTURE.                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | SG        |       496 | NC      | $17609984.00  | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC.                              | LULULEMON ATHLETICA INC COMMON STOCK                          | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               |  | US        |       937 | NS      | $287546.56    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INCORPORATED                    | HUNTINGTON BANCSHARES INC COMMON STOCK                        | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               |  | US        |     39881 | NS      | $604994.77    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                              | MOTOROLA SOLUTIONS INC COMMON STOCK                           | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               |  | US        |      1823 | NS      | $468529.23    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LIMITED                                    | ICICI BANK LTD COMMON STOCK                                   | CUSIP: Y3860Z132<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               |  | IN        |     20981 | NS      | $214660.23    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA CONSULTANCY SERVICES LIMITED                     | TATA CONSULTANCY SVCS LTD COMMON STOCK                        | CUSIP: Y85279100<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               |  | IN        |      7647 | NS      | $315619.79    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding S.A.                            | ITAU UNIBANCO H-SPON PRF ADR DEPOSITARY RECEIPT               | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               |  | US        |     47141 | NS      | $234762.18    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc.                                         | SK HYNIX INC COMMON STOCK                                     | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               |  | KR        |     23485 | NS      | $1698996.33   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                | SAP SE COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               |  | DE        |     10403 | NS      | $1233166.84   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS, INC.                                   | CISCO SYSTEMS INC COMMON STOCK                                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |     28061 | NS      | $1365728.87   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR, INC.                                     | FIRST SOLAR INC COMMON STOCK                                  | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               |  | US        |      4649 | NS      | $825662.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNRUN INC.                                           | SUNRUN INC COMMON STOCK                                       | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               |  | US        |     29626 | NS      | $778571.28    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                               | E.ON SE COMMON STOCK                                          | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               |  | DE        |     50195 | NS      | $547269.23    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| COATS GROUP PLC                                       | COATS GROUP PLC COMMON STOCK                                  | CUSIP: N/A<br>LEI: 2138003SPYWGAITNFY17       | Long             | EC               |  | GB        |    221126 | NS      | $198835.65    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| MONGODB, INC.                                         | MONGODB INC COMMON STOCK                                      | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               |  | US        |       431 | NS      | $92324.51     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JUMBO S.A.                                            | JUMBO SA COMMON STOCK                                         | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               |  | GR        |     10692 | NS      | $192002.91    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| AVANGRID, INC.                                        | AVANGRID INC COMMON STOCK                                     | CUSIP: 05351W103<br>LEI: 549300OX0Q38NLSKPB49 | Long             | EC               |  | US        |     11102 | NS      | $468171.34    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE, INC.                                    | MERCADOLIBRE INC COMMON STOCK                                 | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |       211 | NS      | $249336.59    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP - Energias de Portugal, S.A.                      | EDP-ENERGIAS DE PORTUGAL SA COMMON STOCK                      | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | EC               |  | PT        |     99488 | NS      | $494280.06    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco Aktiebolag                                | ATLAS COPCO AB-A SHS COMMON STOCK                             | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               |  | SE        |     25185 | NS      | $298846.82    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortum Oyj                                            | FORTUM OYJ COMMON STOCK                                       | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               |  | FI        |     29393 | NS      | $441840.82    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AKAMAI TECHNOLOGIES, INC.                             | AKAMAI TECHNOLOGIES INC COMMON STOCK                          | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               |  | US        |      3586 | NS      | $318974.70    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION       | WABTEC CORP COMMON STOCK                                      | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               |  | US        |      4302 | NS      | $446590.62    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER, INC.                                         | GARTNER INC COMMON STOCK                                      | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               |  | US        |       338 | NS      | $114291.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                         | FUJIKURA LTD COMMON STOCK                                     | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               |  | JP        |     63200 | NS      | $480405.88    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC(THE)                                   | WEIR GROUP PLC/THE COMMON STOCK                               | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               |  | GB        |     22471 | NS      | $495350.71    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 2.000000% 05/31/2024                          | CUSIP: 912828XT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |  13749000 | PA      | $13287656.57  | 3.04%             | 2024-05-31      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Pan Pacific International Holdings Corporation        | PAN PACIFIC INTERNATIONAL HO COMMON STOCK                     | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763       | Long             | EC               |  | JP        |     17200 | NS      | $318081.98    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                      | PHILIP MORRIS INTERNATIONAL COMMON STOCK                      | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |      1398 | NS      | $145727.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitori Holdings Co., Ltd.                             | NITORI HOLDINGS CO LTD COMMON STOCK                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      1800 | NS      | $238240.42    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 3.125000% 02/15/2043                          | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4383000 | PA      | $3976202.81   | 0.91%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| DOCUSIGN, INC.                                        | DOCUSIGN INC COMMON STOCK                                     | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               |  | US        |     13387 | NS      | $811787.68    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY CO., INC.                                    | BEST BUY CO INC COMMON STOCK                                  | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               |  | US        |      4929 | NS      | $437300.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LIMITED                                     | HDFC BANK LIMITED COMMON STOCK                                | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               |  | IN        |     13359 | NS      | $262887.02    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.                          | CADENCE DESIGN SYS INC COMMON STOCK                           | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               |  | US        |      5564 | NS      | $1017266.12   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona, S.A.                                         | ACCIONA SA COMMON STOCK                                       | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               |  | ES        |      2379 | NS      | $464141.19    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                          | ADVANCED MICRO DEVICES COMMON STOCK                           | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               |  | US        |      1800 | NS      | $135270.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Limited                                       | FUJITSU LIMITED COMMON STOCK                                  | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               |  | JP        |       600 | NS      | $85427.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SERVICENOW, INC.                                      | SERVICENOW INC COMMON STOCK                                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               |  | US        |      4415 | NS      | $2009398.95   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MERIDIAN ENERGY LIMITED                               | MERIDIAN ENERGY LTD COMMON STOCK                              | CUSIP: N/A<br>LEI: 254900IFKXIGNCY3A092       | Long             | EC               |  | NZ        |    151797 | NS      | $524642.06    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORPORATION                                    | ORACLE CORP COMMON STOCK                                      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               |  | US        |     17454 | NS      | $1543980.84   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INCORPORATED                                  | HUBBELL INC COMMON STOCK                                      | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               |  | US        |       616 | NS      | $141008.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES COMPANY                                  | BAKER HUGHES CO COMMON STOCK                                  | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               |  | US        |      5547 | NS      | $176061.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yandex N.V.                                           | YANDEX NV-A COMMON STOCK                                      | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               |  | US        |     16554 | NS      | $1.66         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AMAZON.COM, INC.                                      | AMAZON.COM INC COMMON STOCK                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               |  | US        |      6620 | NS      | $682720.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Bobcat Inc.                                    | DOOSAN BOBCAT INC COMMON STOCK                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |     14687 | NS      | $416790.86    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP.                     | ALGONQUIN POWER & UTILITIES COMMON STOCK                      | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               |  | CA        |     40179 | NS      | $292913.68    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYU CORPORATION                                     | TOKYU CORP COMMON STOCK                                       | CUSIP: N/A<br>LEI: 3538005PGNIBTZYXAE45       | Long             | EC               |  | JP        |     47300 | NS      | $608249.27    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| COMCAST CORPORATION                                   | COMCAST CORP-CLASS A COMMON STOCK                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |      8080 | NS      | $317948.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico, S.A.B. de C.V.                    | WALMART DE MEXICO SAB DE CV COMMON STOCK                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | MX        |    123700 | NS      | $483159.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BANQUE DE MONTREAL                                    | BANK OF MONTREAL MTN 0.400000% 09/15/2023                     | CUSIP: 06368FAA7<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | NUSS              | CA        |   2998000 | PA      | $2915191.76   | 0.67%             | 2023-09-15      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                        | TEXAS INSTRUMENTS INC COMMON STOCK                            | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               |  | US        |      4006 | NS      | $709903.26    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                                 | ARISTA NETWORKS INC COMMON STOCK                              | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               |  | US        |      3753 | NS      | $472953.06    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB Base Metals Fund                           | INVESCO DB BASE METALS FUND MUTUAL FUND                       | CUSIP: 46140H700<br>LEI: N/A                  | Long             | EC               | RF                | US        |    160602 | NS      | $3528425.94   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| AVANTOR, INC.                                         | AVANTOR INC COMMON STOCK                                      | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               |  | US        |     15138 | NS      | $361798.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WUXI BIOLOGICS (CAYMAN) INC.                          | WUXI BIOLOGICS CAYMAN INC COMMON STOCK                        | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               |  | HK        |     70891 | NS      | $591968.78    | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORPORATION                          | ON SEMICONDUCTOR COMMON STOCK                                 | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               |  | US        |      1222 | NS      | $89755.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS, INC.                                         | ROLLINS INC COMMON STOCK                                      | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               |  | US        |      5926 | NS      | $215706.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                                      | NRG ENERGY INC COMMON STOCK                                   | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               |  | US        |     36379 | NS      | $1244889.38   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of New York Mellon Corporation               | BANK OF NEW YORK MELLON CORP/THE MTN VARIABLE RATE 04/26/2024 | CUSIP: 06406RAT4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    619000 | PA      | $617043.37    | 0.14%             | 2024-04-26      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                    | ALTRIA GROUP INC COMMON STOCK                                 | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |      6153 | NS      | $277131.12    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORPORATION                          | MONSTER BEVERAGE CORP COMMON STOCK                            | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               |  | US        |      6188 | NS      | $644047.04    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY, INC.                                         | WORKDAY INC-CLASS A COMMON STOCK                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               |  | US        |      4228 | NS      | $767086.04    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBERT HALF INTERNATIONAL INC.                        | ROBERT HALF INTL INC COMMON STOCK                             | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               |  | US        |      3102 | NS      | $260443.92    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SWISS FRANC                                           | FX Forward Contract: CHF/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CH        |         1 | NC      | $50767.89     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VMWARE, INC.                                          | VMWARE INC-CLASS A COMMON STOCK                               | CUSIP: 928563402<br>LEI: 549300BUDHS3LRWBE814 | Long             | EC               |  | US        |      9066 | NS      | $1110313.02   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| VERBUND AG                                            | VERBUND AG COMMON STOCK                                       | CUSIP: N/A<br>LEI: 5299006UDSEJCTTEJS30       | Long             | EC               |  | AT        |      5474 | NS      | $466071.81    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Aktiengesellschaft                            | SIEMENS AG-REG COMMON STOCK                                   | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               |  | DE        |       881 | NS      | $137616.29    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                              | ALCON INC COMMON STOCK                                        | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               |  | US        |      5135 | NS      | $386203.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHLAND POWER INC.                                  | NORTHLAND POWER INC COMMON STOCK                              | CUSIP: 666511100<br>LEI: 549300IT8CIDW8V5KX72 | Long             | EC               |  | CA        |     14895 | NS      | $400095.67    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                 | GILEAD SCIENCES INC 0.750000% 09/29/2023                      | CUSIP: 375558BW2<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1624033.92   | 0.37%             | 2023-09-29      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INCORPORATED.                              | MASTERCARD INC - A COMMON STOCK                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |      3057 | NS      | $1132924.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Renesas Electronics Corporation                       | RENESAS ELECTRONICS CORP COMMON STOCK                         | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               |  | JP        |     40800 | NS      | $419672.94    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE Aktiengesellschaft                                | RWE AG COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               |  | DE        |     11210 | NS      | $499054.79    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AT&T INC.                                             | AT&T INC COMMON STOCK                                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |     20740 | NS      | $422473.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                          | DAI-ICHI LIFE HOLDINGS INC COMMON STOCK                       | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               |  | JP        |     19100 | NS      | $448139.15    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ANGEL ONE LIMITED                                     | ANGEL ONE LTD COMMON STOCK                                    | CUSIP: N/A<br>LEI: 3358003DRK7SFA3Q3214       | Long             | EC               |  | IN        |     15292 | NS      | $230779.09    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN HOLDINGS COMPANY LIMITED               | COUNTRY GARDEN HOLDINGS CO LTD 8.000000% 01/27/2024           | CUSIP: N/A<br>LEI: 549300MGHLPT1EFHGF84       | Long             | DBT              | NUSS              | CN        |   1569000 | PA      | $1372406.42   | 0.31%             | 2024-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| THE TJX COMPANIES, INC.                               | TJX COMPANIES INC COMMON STOCK                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               |  | US        |      3754 | NS      | $307302.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger N.V.                                     | SCHLUMBERGER LTD COMMON STOCK                                 | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               |  | US        |     15142 | NS      | $862791.16    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BANQUE DE MONTREAL                                    | BANK OF MONTREAL MTN VARIABLE RATE 04/14/2023                 | CUSIP: 06368EJS2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | NUSS              | CA        |   4396000 | PA      | $4395865.31   | 1.00%             | 2023-04-14      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| OLD DOMINION FREIGHT LINE, INC.                       | OLD DOMINION FREIGHT LINE COMMON STOCK                        | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               |  | US        |       503 | NS      | $167619.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                                       | IBERDROLA SA COMMON STOCK                                     | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               |  | ES        |     43237 | NS      | $507244.55    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                  | FX Forward Contract: EUR/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | XX        |         1 | NC      | $279262.13    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NIDEC CORPORATION                                     | NIDEC CORP COMMON STOCK                                       | CUSIP: N/A<br>LEI: 353800IF171MZTNL6Y31       | Long             | EC               |  | JP        |      4300 | NS      | $238301.05    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NIKE, INC.                                            | NIKE INC -CL B COMMON STOCK                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               |  | US        |     11346 | NS      | $1444686.18   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC.                                          | TRIMBLE INC COMMON STOCK                                      | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               |  | US        |      6677 | NS      | $387666.62    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TYLER TECHNOLOGIES, INC.                              | TYLER TECHNOLOGIES INC COMMON STOCK                           | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               |  | US        |       283 | NS      | $91343.91     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga Milk Industry Co., Ltd.                      | MORINAGA MILK INDUSTRY CO COMMON STOCK                        | CUSIP: N/A<br>LEI: 529900FB91P7MVO08949       | Long             | EC               |  | JP        |      1500 | NS      | $55489.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS, INC.                                  | META PLATFORMS INC COMMON STOCK                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               |  | US        |     10004 | NS      | $1490295.88   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC CORPORATION                                       | SMC CORP COMMON STOCK                                         | CUSIP: N/A<br>LEI: 353800O40V08DOZ70X62       | Long             | EC               |  | JP        |      1000 | NS      | $507911.01    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                   | HSCEI FUTURES     FEB23 PHYSICAL INDEX FUTURE.                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | HK        |       690 | NC      | $32796592.34  | 7.49%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC.                                       | S&P GLOBAL INC COMMON STOCK                                   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               |  | US        |      5282 | NS      | $1980433.08   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC.                          | HONEYWELL INTERNATIONAL INC COMMON STOCK                      | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               |  | US        |      2916 | NS      | $607927.68    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                                   | EOG RESOURCES INC COMMON STOCK                                | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               |  | US        |      2043 | NS      | $270186.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORPORATION                        | ZEBRA TECHNOLOGIES CORP-CL A COMMON STOCK                     | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               |  | US        |      1286 | NS      | $406607.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYENCE CORPORATION                                   | KEYENCE CORP COMMON STOCK                                     | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               |  | JP        |      4424 | NS      | $2036672.19   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHOU INTERNATIONAL GROUP HOLDINGS LIMITED         | SHENZHOU INTERNATIONAL GROUP COMMON STOCK                     | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               |  | HK        |     49791 | NS      | $627048.86    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt.                                        | OTP BANK PLC COMMON STOCK                                     | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               |  | HU        |      5505 | NS      | $165873.86    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                          | NORTHROP GRUMMAN CORP COMMON STOCK                            | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               |  | US        |       684 | NS      | $306459.36    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                       | ASTRAZENECA PLC 0.300000% 05/26/2023                          | CUSIP: 046353AY4<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | NUSS              | GB        |   3066000 | PA      | $3022679.20   | 0.69%             | 2023-05-26      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| GODADDY INC.                                          | GODADDY INC - CLASS A COMMON STOCK                            | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               |  | US        |      1071 | NS      | $87961.23     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                | ASIAN DEVELOPMENT BANK MTN VARIABLE RATE 08/27/2026           | CUSIP: 04517PBG6<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    606000 | PA      | $617956.38    | 0.14%             | 2026-08-27      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 3.250000% 05/15/2042                          | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12922000 | PA      | $11989193.13  | 2.74%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                           | RELIANCE INDUSTRIES LTD COMMON STOCK                          | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               |  | IN        |     10677 | NS      | $308003.80    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co., Ltd.                         | SAMSUNG ELECTRONICS CO LTD COMMON STOCK                       | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               |  | KR        |     18744 | NS      | $933643.40    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| PT Bank Central Asia Tbk                              | BANK CENTRAL ASIA TBK PT COMMON STOCK                         | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               |  | ID        |    769900 | NS      | $436925.27    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation               | BANK OF NEW YORK MELLON CORP/THE MTN 0.350000% 12/07/2023     | CUSIP: 06406RAP2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    518000 | PA      | $499085.49    | 0.11%             | 2023-12-07      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS, INC.                                        | SYNOPSYS INC COMMON STOCK                                     | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               |  | US        |      3469 | NS      | $1227158.75   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCALIZA RENT A RTS                                   | LOCALIZA RENT A RTS ISSUE 0.0043706589 / TERMS 1:1            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | BR        |       118 | NC      | $394.24       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co., Ltd.                              | MITSUI FUDOSAN CO LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               |  | JP        |     19600 | NS      | $367375.72    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ENPHASE ENERGY, INC.                                  | ENPHASE ENERGY INC COMMON STOCK                               | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               |  | US        |      2516 | NS      | $556992.08    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GEELY AUTOMOBILE HOLDINGS LIMITED                     | GEELY AUTOMOBILE HOLDINGS LT COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               |  | HK        |    207000 | NS      | $335816.14    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BROADRIDGE FINANCIAL SOLUTIONS, INC.                  | BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK                     | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               |  | US        |      3623 | NS      | $544754.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | TOPIX INDX FUTR   MAR23 PHYSICAL INDEX FUTURE.                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |      -117 | NC      | $-17756962.32 | -4.06%            |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGION PUBLIC LIMITED COMPANY                       | ALLEGION PLC COMMON STOCK                                     | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               |  | US        |      4501 | NS      | $529092.55    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                         | BROADCOM INC COMMON STOCK                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               |  | US        |       346 | NS      | $202413.46    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                                            | ADOBE INC COMMON STOCK                                        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               |  | US        |      3896 | NS      | $1442844.64   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DASSAULT SYSTEMES SE                                  | DASSAULT SYSTEMES SE COMMON STOCK                             | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               |  | FR        |      2428 | NS      | $90299.12     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                       | ASTRAZENECA PLC COMMON STOCK                                  | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               |  | GB        |      3298 | NS      | $432078.68    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                               | SSE PLC COMMON STOCK                                          | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               |  | GB        |     23936 | NS      | $510905.39    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| YUM CHINA HOLDINGS, INC.                              | YUM CHINA HOLDINGS INC COMMON STOCK                           | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               |  | US        |      8703 | NS      | $536191.83    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY, INC.                                 | CLEARWAY ENERGY INC-C COMMON STOCK                            | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               |  | US        |     12484 | NS      | $421834.36    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AUSTRALIAN DOLLAR                                     | FX Forward Contract: AUD/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | AU        |         1 | NC      | $90816.25     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KfW                                                   | KREDITANSTALT FUER WIEDERAUFBAU 0.500000% 09/20/2024          | CUSIP: 500769JP0<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | NUSS              | DE        |   1238000 | PA      | $1161109.07   | 0.27%             | 2024-09-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SHO-BOND Holdings Co.,Ltd.                            | SHO-BOND HOLDINGS CO LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      3300 | NS      | $140798.26    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| European Investment Bank                              | EUROPEAN INVESTMENT BANK 1.375000% 05/15/2023                 | CUSIP: 298785JC1<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |   1193000 | PA      | $1181606.85   | 0.27%             | 2023-05-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC.                           | LPL FINANCIAL HOLDINGS INC COMMON STOCK                       | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               |  | US        |      1724 | NS      | $408794.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA MOTOR CORPORATION                              | TOYOTA MOTOR CORP COMMON STOCK                                | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               |  | JP        |     60900 | NS      | $894360.43    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                              | ROPER TECHNOLOGIES INC COMMON STOCK                           | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               |  | US        |       807 | NS      | $344387.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                 | SCHNEIDER ELECTRIC SE COMMON STOCK                            | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               |  | FR        |       721 | NS      | $116956.97    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Group Holdings, Ltd.                            | ASAHI GROUP HOLDINGS LTD COMMON STOCK                         | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               |  | JP        |     10600 | NS      | $350036.01    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| THE ESTEE LAUDER COMPANIES INC.                       | ESTEE LAUDER COMPANIES-CL A COMMON STOCK                      | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               |  | US        |      3181 | NS      | $881391.48    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                                | ASIAN DEVELOPMENT BANK MTN 0.250000% 07/14/2023               | CUSIP: 045167EV1<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | XX        |    631000 | PA      | $618203.32    | 0.14%             | 2023-07-14      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                   | BROWN BROTHERS HARRIMAN SWEEP INTEREST                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        | 134826874 | PA      | $134826874.41 | 30.80%            |  |  |  | No            |                  2 | On Loan: No      |
| ATLANTICA SUSTAINABLE INFRASTRUCTURE PLC              | ATLANTICA SUSTAINABLE INFRAS COMMON STOCK                     | CUSIP: G0751N103<br>LEI: 549300ITBBGKJ651R879 | Long             | EC               |  | US        |     15478 | NS      | $424406.76    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                     | MERCK & CO. INC. COMMON STOCK                                 | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |      7765 | NS      | $834038.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPANESE YEN                                          | FX Forward Contract: JPY/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | JP        |         1 | NC      | $-159666.24   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| MCKESSON CORPORATION                                  | MCKESSON CORP COMMON STOCK                                    | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               |  | US        |      4971 | NS      | $1882418.28   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LAM RESEARCH CORPORATION                              | LAM RESEARCH CORP COMMON STOCK                                | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               |  | US        |      1097 | NS      | $548609.70    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY, INC.                                  | NEXTERA ENERGY INC COMMON STOCK                               | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               |  | US        |      5635 | NS      | $420540.05    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC.                                           | PFIZER INC COMMON STOCK                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               |  | US        |      8608 | NS      | $380129.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                                        | SNOWFLAKE INC-CLASS A COMMON STOCK                            | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               |  | US        |      4508 | NS      | $705231.52    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                              | US TREASURY N/B 2.000000% 06/30/2024                          | CUSIP: 912828XX3<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |  13786000 | PA      | $13304566.96  | 3.04%             | 2024-06-30      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON HOLDING CORPORATION               | BOOZ ALLEN HAMILTON HOLDINGS COMMON STOCK                     | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               |  | US        |      4086 | NS      | $386699.04    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                 | WELLS FARGO & CO COMMON STOCK                                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               |  | US        |     11820 | NS      | $554003.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAZEN GROUP LIMITED                                  | SEAZEN GROUP LTD 6.000000% 08/12/2024                         | CUSIP: N/A<br>LEI: 5493006M8GRAQRCSCD67       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $168360.00    | 0.04%             | 2024-08-12      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DAIICHI SANKYO COMPANY, LIMITED                       | DAIICHI SANKYO CO LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               |  | JP        |     12000 | NS      | $376883.22    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                                 | MICROSOFT CORP COMMON STOCK                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |     19176 | NS      | $4752004.56   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT, INC.                                         | HUBSPOT INC COMMON STOCK                                      | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               |  | US        |      1004 | NS      | $348398.04    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPERIAN PLC                                          | EXPERIAN PLC COMMON STOCK                                     | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               |  | GB        |     12972 | NS      | $474378.85    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                   | MSCI EMGMKT       MAR23 PHYSICAL INDEX FUTURE.                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -29 | NC      | $-1514670.00  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                | LOWE'S COS INC COMMON STOCK                                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               |  | US        |      4726 | NS      | $984189.50    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                           | LOCKHEED MARTIN CORP COMMON STOCK                             | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               |  | US        |       573 | NS      | $265447.98    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW INC.                                              | DOW INC COMMON STOCK                                          | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               |  | US        |      2428 | NS      | $144101.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| V.F. CORPORATION                                      | VF CORP COMMON STOCK                                          | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               |  | US        |      3475 | NS      | $107516.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RKPF Overseas 2019 (A) Limited                        | RKPF OVERSEAS 2019 A LTD 7.875000% 02/01/2023                 | CUSIP: N/A<br>LEI: 254900P8BXRCW5458103       | Long             | DBT              | NUSS              | CN        |   1752000 | PA      | $1752000.00   | 0.40%             | 2023-02-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Hitachi, Ltd.                                         | HITACHI LTD COMMON STOCK                                      | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               |  | JP        |     20835 | NS      | $1092638.94   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                                               | ABB LTD-REG COMMON STOCK                                      | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               |  | CH        |      2973 | NS      | $103506.97    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                          | CHIPOTLE MEXICAN GRILL INC COMMON STOCK                       | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               |  | US        |       601 | NS      | $989474.38    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIYO HOLDINGS CO.,LTD.                               | TAIYO HOLDINGS CO LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      2400 | NS      | $44274.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD RENEWABLE CORPORATION                      | BROOKFIELD RENEWABLE COR-A COMMON STOCK                       | CUSIP: 11284V105<br>LEI: N/A                  | Long             | EC               |  | US        |     13909 | NS      | $438411.68    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                                           | INTUIT INC COMMON STOCK                                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               |  | US        |      3841 | NS      | $1623475.47   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AVENUE SUPERMARTS LIMITED                             | AVENUE SUPERMARTS LTD COMMON STOCK                            | CUSIP: N/A<br>LEI: 335800B2ZPJKOU2ZM776       | Long             | EC               |  | IN        |      3331 | NS      | $143071.90    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                   | SYNCHRONY FINANCIAL COMMON STOCK                              | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               |  | US        |      5920 | NS      | $217441.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon Aktiebolag                                    | HEXAGON AB-B SHS COMMON STOCK                                 | CUSIP: N/A<br>LEI: 549300WJFW6ILNI4TA80       | Long             | EC               |  | SE        |      7101 | NS      | $81402.36     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Divi's Laboratories Ltd                               | DIVI'S LABORATORIES LTD COMMON STOCK                          | CUSIP: N/A<br>LEI: 335800C1DHFG1C9T1M03       | Long             | EC               |  | IN        |      5041 | NS      | $204827.17    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ZOOM VIDEO COMMUNICATIONS, INC.                       | ZOOM VIDEO COMMUNICATIONS-A COMMON STOCK                      | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               |  | US        |      6664 | NS      | $499800.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.                       | AUTOMATIC DATA PROCESSING COMMON STOCK                        | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               |  | US        |      1510 | NS      | $340973.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corporation                       | MITSUBISHI ELECTRIC CORP COMMON STOCK                         | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               |  | JP        |     41500 | NS      | $457361.31    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE US, INC.                                     | T-MOBILE US INC COMMON STOCK                                  | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               |  | US        |      1046 | NS      | $156178.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                              | STATE STREET CORP COMMON STOCK                                | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               |  | US        |      6779 | NS      | $619126.07    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HOME DEPOT, INC.                                  | HOME DEPOT INC/THE 3.750000% 02/15/2024                       | CUSIP: 437076BC5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    320000 | PA      | $316624.81    | 0.07%             | 2024-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Yanlord Land (HK) Co., Ltd.                           | YANLORD LAND HK CO LTD 6.750000% 04/23/2023                   | CUSIP: N/A<br>LEI: 549300O56H3950RDWG19       | Long             | DBT              | NUSS              | CN        |   2190000 | PA      | $2183430.00   | 0.50%             | 2023-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| EURO                                                  | FX Forward Contract: EUR/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | XX        |         1 | NC      | $556358.48    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCOVER FINANCIAL SERVICES                           | DISCOVER FINANCIAL SERVICES COMMON STOCK                      | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               |  | US        |      2259 | NS      | $263693.07    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Electrica Corporacion, S.A.                       | RED ELECTRICA CORPORACION SA COMMON STOCK                     | CUSIP: N/A<br>LEI: 5493009HMD0C90GUV498       | Long             | EC               |  | ES        |     26633 | NS      | $471372.98    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| THE HERSHEY COMPANY                                   | HERSHEY CO/THE COMMON STOCK                                   | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               |  | US        |      1695 | NS      | $380697.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KERRY GROUP PUBLIC LIMITED COMPANY                    | KERRY GROUP PLC-A COMMON STOCK                                | CUSIP: N/A<br>LEI: 635400TLVVBNXLFHWC59       | Long             | EC               |  | IE        |      3603 | NS      | $337600.01    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPANESE YEN                                          | FX Forward Contract: JPY/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | JP        |         1 | NC      | $820479.33    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANTEST CORPORATION                                 | ADVANTEST CORP COMMON STOCK                                   | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               |  | JP        |      5500 | NS      | $394245.39    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| REGENERON PHARMACEUTICALS, INC.                       | REGENERON PHARMACEUTICALS COMMON STOCK                        | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               |  | US        |      1890 | NS      | $1433508.30   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION           | INTL BUSINESS MACHINES CORP COMMON STOCK                      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |      8257 | NS      | $1112465.61   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                  | MITSUBISHI UFJ FINANCIAL GRO COMMON STOCK                     | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               |  | JP        |     72800 | NS      | $533251.37    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ANSYS, INC.                                           | ANSYS INC COMMON STOCK                                        | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               |  | US        |      1719 | NS      | $457872.84    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                              | US ULTRA BOND CBT MAR23 FINANCIAL COMMODITY FUTURE.           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       303 | NC      | $42950250.00  | 9.81%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORPORATION                         | REGIONS FINANCIAL CORP COMMON STOCK                           | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               |  | US        |     17990 | NS      | $423484.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | MSCI EAFE         MAR23 PHYSICAL INDEX FUTURE.                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -41 | NC      | $-4343950.00  | -0.99%            |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS, INC.                                 | PAYPAL HOLDINGS INC COMMON STOCK                              | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               |  | US        |      6498 | NS      | $529522.02    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS COMPANY                                | GENERAL MOTORS CO COMMON STOCK                                | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               |  | US        |      7082 | NS      | $278464.24    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                            | APPLE INC COMMON STOCK                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               |  | US        |      7535 | NS      | $1087225.15   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.              | GRUPO FINANCIERO BANORTE-O COMMON STOCK                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | MX        |     62600 | NS      | $518605.45    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| European Investment Bank                              | EUROPEAN INVESTMENT BANK 0.250000% 09/15/2023                 | CUSIP: 298785JF4<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | XX        |    632000 | PA      | $614373.52    | 0.14%             | 2023-09-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| AMERISOURCEBERGEN CORPORATION                         | AMERISOURCEBERGEN CORP COMMON STOCK                           | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               |  | US        |      2214 | NS      | $374077.44    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | FTSE CHINA A50    FEB23 PHYSICAL INDEX FUTURE.                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | SG        |      1164 | NC      | $16262244.00  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTRAND LIMITED                                     | FIRSTRAND LTD COMMON STOCK                                    | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               |  | ZA        |     50619 | NS      | $188079.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| THE INTERPUBLIC GROUP OF COMPANIES, INC.              | INTERPUBLIC GROUP OF COS INC COMMON STOCK                     | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               |  | US        |     10545 | NS      | $384470.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RAIA DROGASIL S.A.                                    | RAIA DROGASIL SA COMMON STOCK                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     32600 | NS      | $160228.91    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                   | BBH MORGAN STANLEY COLLATERAL                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   5050000 | PA      | $5050000.00   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                 | SUMITOMO MITSUI FINANCIAL GR COMMON STOCK                     | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               |  | JP        |     12300 | NS      | $534571.46    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| YAMAHA CORPORATION                                    | YAMAHA CORP COMMON STOCK                                      | CUSIP: N/A<br>LEI: 529900S5TENP3IJS7S02       | Long             | EC               |  | JP        |      5700 | NS      | $221639.39    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S                               | VESTAS WIND SYSTEMS A/S COMMON STOCK                          | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               |  | DK        |     83123 | NS      | $2432311.50   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| INFO EDGE (INDIA) LIMITED                             | INFO EDGE INDIA LTD COMMON STOCK                              | CUSIP: N/A<br>LEI: 335800MXUVHTBF9DEC78       | Long             | EC               |  | IN        |      2432 | NS      | $109753.55    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinaxis Inc                                           | KINAXIS INC COMMON STOCK                                      | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               |  | CA        |       712 | NS      | $82755.85     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB FINANCIAL GROUP                                   | SVB FINANCIAL GROUP COMMON STOCK                              | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               |  | US        |       908 | NS      | $274615.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON, INC           | EXPEDITORS INTL WASH INC COMMON STOCK                         | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               |  | US        |      2178 | NS      | $235550.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WARNER BROS. DISCOVERY, INC.                          | WARNER BROS DISCOVERY INC COMMON STOCK                        | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               |  | US        |      7877 | NS      | $116737.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD.                | CHECK POINT SOFTWARE TECH COMMON STOCK                        | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               |  | US        |      3058 | NS      | $388977.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES, INC.                               | REPUBLIC SERVICES INC COMMON STOCK                            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               |  | US        |      3589 | NS      | $447978.98    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ASICS Corporation                                     | ASICS CORP COMMON STOCK                                       | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               |  | JP        |     19700 | NS      | $468870.48    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CATERPILLAR INC.                                      | CATERPILLAR INC COMMON STOCK                                  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               |  | US        |      1410 | NS      | $355728.90    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC COMPANY                              | GENERAL ELECTRIC CO COMMON STOCK                              | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               |  | US        |      1427 | NS      | $114844.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOM SOFTWARE, INC.                                 | PAYCOM SOFTWARE INC COMMON STOCK                              | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               |  | US        |      1856 | NS      | $601232.64    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE COMPANY                    | HEWLETT PACKARD ENTERPRISE COMMON STOCK                       | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               |  | US        |     26683 | NS      | $430396.79    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                               | EXXON MOBIL CORP COMMON STOCK                                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      9230 | NS      | $1070772.30   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MODERNA, INC.                                         | MODERNA INC COMMON STOCK                                      | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               |  | US        |      1785 | NS      | $314267.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                              | US 5YR NOTE (CBT) MAR23 FINANCIAL COMMODITY FUTURE.           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       431 | NC      | $47083382.81  | 10.76%            |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                                    | VEEVA SYSTEMS INC-CLASS A COMMON STOCK                        | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               |  | US        |       681 | NS      | $116144.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE                   | LVMH MOET HENNESSY LOUIS VUI COMMON STOCK                     | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               |  | FR        |       781 | NS      | $681791.06    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                        | MORGAN STANLEY MTN 3.750000% 02/25/2023                       | CUSIP: 61746BDJ2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    601000 | PA      | $600416.72    | 0.14%             | 2023-02-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                                 | MICROSOFT CORP 2.375000% 05/01/2023                           | CUSIP: 594918AT1<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    265000 | PA      | $263625.82    | 0.06%             | 2023-05-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                                     | JOHNSON & JOHNSON COMMON STOCK                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |      1725 | NS      | $281899.50    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rengo Co., Ltd.                                       | RENGO CO LTD COMMON STOCK                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     75800 | NS      | $534996.60    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                              | US TREASURY N/B 2.500000% 05/15/2024                          | CUSIP: 912828WJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | SN               | UST               | US        |  13564000 | PA      | $13204236.06  | 3.02%             | 2024-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| RKPF Overseas 2019 (A) Limited                        | RKPF OVERSEAS 2019 A LTD 6.700000% 09/30/2024                 | CUSIP: N/A<br>LEI: 254900P8BXRCW5458103       | Long             | DBT              | NUSS              | CN        |   1550000 | PA      | $1427162.50   | 0.33%             | 2024-09-30      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Solasto Corporation                                   | SOLASTO CORP COMMON STOCK                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      6200 | NS      | $32663.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION                                    | CINTAS CORP COMMON STOCK                                      | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               |  | US        |       412 | NS      | $182820.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.          | TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK                     | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               |  | TW        |     73600 | NS      | $1298804.27   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORPORATION                                   | CHEVRON CORP COMMON STOCK                                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |      4746 | NS      | $825898.92    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                           | BANK OF AMERICA CORP COMMON STOCK                             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               |  | US        |     15919 | NS      | $564806.12    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED                     | MICROCHIP TECHNOLOGY INC COMMON STOCK                         | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               |  | US        |      1198 | NS      | $92988.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                         | ALPHABET INC-CL A COMMON STOCK                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |     24685 | NS      | $2439865.40   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH STERLING POUND                                | FX Forward Contract: GBP/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | GB        |         1 | NC      | $76221.53     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| IDEXX LABORATORIES, INC.                              | IDEXX LABORATORIES INC COMMON STOCK                           | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               |  | US        |      1707 | NS      | $820213.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY, INC.                                | ALIGN TECHNOLOGY INC COMMON STOCK                             | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               |  | US        |       977 | NS      | $263526.21    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ARAMARK                                               | ARAMARK COMMON STOCK                                          | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               |  | US        |      9914 | NS      | $441470.42    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORPORATION                          | COSTCO WHOLESALE CORP COMMON STOCK                            | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               |  | US        |      2401 | NS      | $1227247.14   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN DOLLAR                                       | FX Forward Contract: CAD/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CA        |         1 | NC      | $32622.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Menicon Co., Ltd.                                     | MENICON CO LTD COMMON STOCK                                   | CUSIP: N/A<br>LEI: 3538000OOSRECSEX2327       | Long             | EC               |  | JP        |     15700 | NS      | $346921.68    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| QUANTA SERVICES, INC.                                 | QUANTA SERVICES INC COMMON STOCK                              | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               |  | US        |      6195 | NS      | $942817.05    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano, S.A.B. de C.V.            | FOMENTO ECONOMICO MEXICA-UBD UNIT                             | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153       | Long             | EC               |  | MX        |     30100 | NS      | $263539.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JMDC Inc.                                             | JMDC INC COMMON STOCK                                         | CUSIP: N/A<br>LEI: 3538002M2SQV6WJ6MQ67       | Long             | EC               |  | JP        |      5700 | NS      | $188375.81    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Unity Software Inc                                    | UNITY SOFTWARE INC COMMON STOCK                               | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               |  | US        |     10036 | NS      | $356478.72    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES, INC.          | FIDELITY NATIONAL INFO SERV COMMON STOCK                      | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               |  | US        |      8287 | NS      | $621856.48    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                               | APPLIED MATERIALS INC COMMON STOCK                            | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               |  | US        |      6365 | NS      | $709633.85    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CERIDIAN HCM HOLDING INC.                             | CERIDIAN HCM HOLDING INC COMMON STOCK                         | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               |  | US        |      1195 | NS      | $86374.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORPORATION                                    | TARGET CORP COMMON STOCK                                      | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               |  | US        |      9761 | NS      | $1680258.54   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC.                                              | PTC INC COMMON STOCK                                          | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               |  | US        |      2868 | NS      | $386835.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT DATA CORPORATION                                  | NTT DATA CORP COMMON STOCK                                    | CUSIP: N/A<br>LEI: 353800SZGJGSLJRRWB43       | Long             | EC               |  | JP        |     28300 | NS      | $438972.15    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEL - SPA                                            | ENEL SPA COMMON STOCK                                         | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               |  | IT        |     91267 | NS      | $537388.84    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| USHIO INC.                                            | USHIO INC COMMON STOCK                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      9200 | NS      | $123321.91    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| FORTINET, INC.                                        | FORTINET INC COMMON STOCK                                     | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               |  | US        |     19667 | NS      | $1029370.78   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RKPF Overseas 2019 (A) Limited                        | RKPF OVERSEAS 2019 A LTD 5.900000% 03/05/2025                 | CUSIP: N/A<br>LEI: 254900P8BXRCW5458103       | Long             | DBT              | NUSS              | CN        |   1150000 | PA      | $1016922.30   | 0.23%             | 2025-03-05      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS, INC.                                   | GENERAL MILLS INC 3.650000% 02/15/2024                        | CUSIP: 370334BT0<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   2774000 | PA      | $2736815.39   | 0.63%             | 2024-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| RAYTHEON TECHNOLOGIES CORPORATION                     | RAYTHEON TECHNOLOGIES CORP COMMON STOCK                       | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               |  | US        |      6060 | NS      | $605091.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JUNIPER NETWORKS, INC.                                | JUNIPER NETWORKS INC COMMON STOCK                             | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               |  | US        |     11607 | NS      | $374906.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LIMITED                         | ALIBABA GROUP HOLDING-SP ADR DEPOSITARY RECEIPT               | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               |  | US        |      7463 | NS      | $822422.60    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                 | MICROSOFT CORP 2.875000% 02/06/2024                           | CUSIP: 594918BX1<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    496000 | PA      | $487157.74    | 0.11%             | 2024-02-06      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AUSTRALIAN DOLLAR                                     | FX Forward Contract: AUD/USD SETTLE 2023-03-15                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | AU        |         1 | NC      | $403050.88    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PINDUODUO INC.                                        | PINDUODUO INC-ADR DEPOSITARY RECEIPT                          | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               |  | US        |      8267 | NS      | $810000.66    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORPORATION                             | UNION PACIFIC CORP COMMON STOCK                               | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               |  | US        |      2048 | NS      | $418181.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC Corporation                                       | NEC CORP COMMON STOCK                                         | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               |  | JP        |     15900 | NS      | $574429.44    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| TERNA - RETE ELETTRICA NAZIONALE SOCIETA PER AZIONI   | TERNA-RETE ELETTRICA NAZIONA COMMON STOCK                     | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               |  | IT        |     63810 | NS      | $504853.82    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO.                                  | JPMORGAN CHASE & CO COMMON STOCK                              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               |  | US        |     11196 | NS      | $1566992.16   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ajinomoto Co., Inc.                                   | AJINOMOTO CO INC COMMON STOCK                                 | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               |  | JP        |     20400 | NS      | $672559.35    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| WEYERHAEUSER COMPANY                                  | WEYERHAEUSER CO REIT                                          | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |     21010 | NS      | $723374.30    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, INC.                                         | IDACORP INC COMMON STOCK                                      | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               |  | US        |      4398 | NS      | $465352.38    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co., Ltd.                          | SHIN-ETSU CHEMICAL CO LTD COMMON STOCK                        | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               |  | JP        |      2700 | NS      | $398042.49    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJIFILM Holdings Corporation                         | FUJIFILM HOLDINGS CORP COMMON STOCK                           | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               |  | JP        |      5800 | NS      | $306942.88    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| WALMART INC.                                          | WALMART INC COMMON STOCK                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               |  | US        |     10103 | NS      | $1453518.61   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                              | AMERICAN EXPRESS CO 3.700000% 08/03/2023                      | CUSIP: 025816BW8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    594000 | PA      | $590600.30    | 0.13%             | 2023-08-03      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| KfW                                                   | KREDITANSTALT FUER WIEDERAUFBAU 0.250000% 04/25/2023          | CUSIP: 500769JN5<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | NUSS              | DE        |    630000 | PA      | $623479.50    | 0.14%             | 2023-04-25      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORPORATION                            | OTIS WORLDWIDE CORP COMMON STOCK                              | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               |  | US        |      5933 | NS      | $487870.59    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION                              | DEVON ENERGY CORP COMMON STOCK                                | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               |  | US        |      3154 | NS      | $199458.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC.                                           | ZOETIS INC COMMON STOCK                                       | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               |  | US        |      2415 | NS      | $399658.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART, INC.                                          | COPART INC COMMON STOCK                                       | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               |  | US        |      3188 | NS      | $212352.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG, INC.                                         | DATADOG INC - CLASS A COMMON STOCK                            | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               |  | US        |      5128 | NS      | $383625.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity Ltd.                                  | TE CONNECTIVITY LTD COMMON STOCK                              | CUSIP: H84989104<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               |  | US        |      5877 | NS      | $747260.55    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GRACO INC                                             | GRACO INC COMMON STOCK                                        | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               |  | US        |      2894 | NS      | $197718.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                                        | AUTODESK INC COMMON STOCK                                     | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               |  | US        |      4073 | NS      | $876346.68    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HOPSON DEVELOPMENT HOLDINGS LIMITED                   | HOPSON DEVELOPMENT HOLDINGS LTD 6.800000% 12/28/2023          | CUSIP: N/A<br>LEI: 549300HYMKPTC1DTZS42       | Long             | DBT              | NUSS              | CN        |    341000 | PA      | $323664.28    | 0.07%             | 2023-12-28      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| ABSA GROUP LIMITED                                    | ABSA GROUP LTD COMMON STOCK                                   | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               |  | ZA        |     16512 | NS      | $189761.07    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PALO ALTO NETWORKS, INC.                              | PALO ALTO NETWORKS INC COMMON STOCK                           | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               |  | US        |      3800 | NS      | $602832.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Concordia Financial Group, Ltd.                       | CONCORDIA FINANCIAL GROUP LT COMMON STOCK                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     45200 | NS      | $198625.31    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PAYCHEX, INC.                                         | PAYCHEX INC COMMON STOCK                                      | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               |  | US        |      1976 | NS      | $228939.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED                   | VERTEX PHARMACEUTICALS INC COMMON STOCK                       | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               |  | US        |      6085 | NS      | $1966063.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY, INC.                                     | ULTA BEAUTY INC COMMON STOCK                                  | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               |  | US        |      1072 | NS      | $550965.12    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                                 | QUALCOMM INC COMMON STOCK                                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               |  | US        |      8600 | NS      | $1145606.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| argenx SE                                             | ARGENX SE - ADR DEPOSITARY RECEIPT                            | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               |  | US        |       335 | NS      | $128053.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO.                                  | EMERSON ELECTRIC CO COMMON STOCK                              | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               |  | US        |      1094 | NS      | $98700.68     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                               | MARVELL TECHNOLOGY INC COMMON STOCK                           | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               |  | US        |      2066 | NS      | $89147.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE III

**Signature:** Andy Metzger

**Name of Signer:** Andy Metzger

**Title:** CFO