# EDGAR Filing Document

**Accession Number:** 0000039473
**File Stem:** 0001193125-26-243476
**Filing Date:** 2026-5
**Character Count:** 137678
**Document Hash:** eed8b4e2c54f547b984bfc2356311bbf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-243476.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001193125-26-243476

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN FUNDS FUNDAMENTAL INVESTORS
- **CENTRAL INDEX KEY:** 0000039473

**ORGANIZATION NAME:**
- **EIN:** 221557722
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00032
- **FILM NUMBER:** 261030393

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** 213-486-9501

**MAIL ADDRESS:**
- **STREET 1:** 333 S HOPE ST -  55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FUNDAMENTAL INVESTORS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### AMERICAN FUNDS FUNDAMENTAL INVESTORS (Series ID: S000009227)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000025050 | Class A       | ANCFX           |
| C000025051 | Class R-1     | RFNAX           |
| C000025052 | Class R-2     | RFNBX           |
| C000025053 | Class R-3     | RFNCX           |
| C000025054 | Class R-4     | RFNEX           |
| C000025055 | Class R-5     | RFNFX           |
| C000025057 | Class C       | AFICX           |
| C000025058 | Class F-1     | AFIFX           |
| C000025059 | Class 529-A   | CFNAX           |
| C000025061 | Class 529-C   | CFNCX           |
| C000025062 | Class 529-E   | CFNEX           |
| C000025063 | Class 529-F-1 | CFNFX           |
| C000068558 | Class F-2     | FINFX           |
| C000077853 | Class R-6     | RFNGX           |
| C000148457 | Class R-2E    | RFEBX           |
| C000164826 | Class R-5E    | RFNHX           |
| C000179985 | Class F-3     | FUNFX           |
| C000189470 | Class 529-T   | TIIIX           |
| C000189471 | Class T       | TFFFX           |
| C000224623 | Class 529-F-2 | FFXFX           |
| C000224624 | Class 529-F-3 | FEEFX           |

## Nport-Ex

![](img91fb1f981.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Fundamental Investors**<sup>®</sup>

Investment portfolio

March 31, 2026

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Common stocks 95.36%<br> **Information technology 28.83%**<br>| Shares | Value<br> (000)<br>|
| Broadcom, Inc.  | 29536763 | $9141923 |
| Microsoft Corp.  | 19055991 | 7053956 |
| NVIDIA Corp.  | 31890368 | 5561680 |
| Taiwan Semiconductor Manufacturing Co., Ltd.  | 59019000 | 3327222 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)  | 5208165 | 1760099 |
| Micron Technology, Inc.  | 8677074 | 2931463 |
| SK hynix, Inc.  | 4505583 | 2450553 |
| Apple, Inc.  | 9223585 | 2340854 |
| KLA Corp.  | 1262193 | 1858466 |
| Strategy, Inc., Class A <sup>(a)</sup>  | 10332940 | 1289551 |
| Shopify, Inc., Class A, subordinate voting shares <sup>(a)</sup>  | 10710648 | 1270497 |
| Salesforce, Inc.  | 4506607 | 841248 |
| Western Digital Corp.  | 3091300 | 836166 |
| ASML Holding NV (ADR)  | 311231 | 411083 |
| ASML Holding NV  | 141191 | 186886 |
| Constellation Software, Inc.  | 242706 | 426055 |
| Keysight Technologies, Inc. <sup>(a)</sup>  | 1400000 | 395318 |
| Cloudflare, Inc., Class A <sup>(a)</sup>  | 1900000 | 392046 |
| Intel Corp. <sup>(a)</sup>  | 7763344 | 342596 |
| Applied Materials, Inc.  | 749161 | 256056 |
| Amphenol Corp., Class A  | 1538564 | 194398 |
| SAP SE  | 1145502 | 193857 |
| AppLovin Corp., Class A <sup>(a)</sup>  | 478682 | 190515 |
| MediaTek, Inc.  | 3069000 | 148604 |
| Procore Technologies, Inc. <sup>(a)</sup>  | 2600000 | 148200 |
| Hewlett Packard Enterprise Co.  | 6000000 | 142860 |
| Bending Spoons SpA <sup>(a)(b)(c)</sup>  | 1311947 | 115733 |
| Fair Isaac Corp. <sup>(a)</sup>  | 90000 | 96079 |
| Akamai Technologies, Inc. <sup>(a)</sup>  | 600000 | 68910 |
|  |  | 44372874 |
| **Industrials 13.08%** |  |  |
| TransDigm Group, Inc. <sup>(d)</sup>  | 2881772 | 3339858 |
| FTAI Aviation, Ltd. <sup>(d)</sup>  | 5131723 | 1257272 |
| Rolls-Royce Holdings PLC  | 76712387 | 1171471 |
| Ryanair Holdings PLC (ADR)  | 18869774 | 1090673 |
| Union Pacific Corp.  | 3920506 | 951193 |
| General Electric Co.  | 3349979 | 950624 |
| RTX Corp.  | 4789934 | 923978 |
| Paychex, Inc.  | 8758985 | 806878 |
| ITT, Inc.  | 4019789 | 765890 |
| Boeing Co. (The) <sup>(a)</sup>  | 3172791 | 631481 |
| GE Vernova, Inc.  | 720757 | 629149 |
| Carrier Global Corp.  | 9199016 | 517997 |
| Deere & Co.  | 879866 | 495629 |
| Ingersoll-Rand, Inc.  | 6164424 | 493894 |

---

Fundamental Investors — Page 1 of 9

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Industrials (continued)**<br>| Shares | Value<br> (000)<br>|
| United Rentals, Inc.  | 602929 | $439270 |
| XPO, Inc. <sup>(a)</sup>  | 2209658 | 429889 |
| Waste Connections, Inc.  | 2590991 | 420881 |
| Northrop Grumman Corp.  | 539829 | 368293 |
| Siemens AG  | 1491862 | 353855 |
| Lennox International, Inc.  | 746402 | 346428 |
| DSV A/S  | 1243369 | 297046 |
| United Airlines Holdings, Inc. <sup>(a)</sup>  | 3219693 | 296437 |
| Schneider Electric SE  | 1060631 | 291324 |
| Lifco AB, Class B  | 8968067 | 269827 |
| SPX Technologies, Inc. <sup>(a)</sup>  | 1219505 | 243828 |
| Caterpillar, Inc.  | 312300 | 221252 |
| Verisk Analytics, Inc.  | 1160686 | 220240 |
| BAE Systems PLC  | 7551501 | 219816 |
| Comfort Systems USA, Inc.  | 159269 | 219630 |
| 3M Co.  | 1376081 | 199848 |
| Watsco, Inc.  | 466541 | 169723 |
| C.H. Robinson Worldwide, Inc.  | 1000000 | 166070 |
| Loar Holdings, Inc. <sup>(a)</sup>  | 2870001 | 164422 |
| Quanta Services, Inc.  | 297342 | 163247 |
| Airbus SE, non-registered shares  | 712194 | 133768 |
| Waste Management, Inc.  | 499102 | 114689 |
| Builders FirstSource, Inc. <sup>(a)</sup>  | 1298908 | 106939 |
| TransUnion  | 1193714 | 82593 |
| Trane Technologies PLC  | 174832 | 72859 |
| FedEx Corp.  | 185685 | 66137 |
| Uber Technologies, Inc. <sup>(a)</sup>  | 423900 | 30491 |
|  |  | 20134789 |
| **Consumer discretionary 9.73%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup>  | 20709619 | 4313192 |
| Royal Caribbean Cruises, Ltd.  | 5455859 | 1501343 |
| Starbucks Corp.  | 15979094 | 1431567 |
| MercadoLibre, Inc. <sup>(a)</sup>  | 771891 | 1334615 |
| Chipotle Mexican Grill, Inc. <sup>(a)</sup>  | 32691190 | 1046445 |
| Restaurant Brands International, Inc.  | 9809955 | 724956 |
| Coupang, Inc., Class A <sup>(a)</sup>  | 38394153 | 724882 |
| Burlington Stores, Inc. <sup>(a)</sup>  | 1689913 | 549864 |
| D.R. Horton, Inc.  | 3896941 | 534738 |
| Carvana Co., Class A <sup>(a)</sup>  | 1606160 | 504945 |
| Booking Holdings, Inc.  | 71325 | 300301 |
| Wynn Resorts, Ltd.  | 2646227 | 268724 |
| Evolution AB  | 3271496 | 204031 |
| Caesars Entertainment, Inc. <sup>(a)</sup>  | 7500000 | 198225 |
| Amadeus IT Group SA, Class A, non-registered shares  | 3095735 | 175978 |
| Vail Resorts, Inc. <sup>(e)</sup>  | 1335902 | 171423 |
| Hilton Worldwide Holdings, Inc.  | 548298 | 166726 |
| Compagnie Financiere Richemont SA, Class A  | 882993 | 157343 |
| LVMH Moet Hennessy-Louis Vuitton SE  | 281193 | 156305 |
| Norwegian Cruise Line Holdings, Ltd. <sup>(a)</sup>  | 7870739 | 147183 |
| YUM! Brands, Inc.  | 942882 | 146599 |
| B&M European Value Retail PLC  | 40039390 | 90178 |
| Marriott International, Inc., Class A  | 171000 | 55929 |

---

Fundamental Investors — Page 2 of 9

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Consumer discretionary (continued)**<br>| Shares | Value<br> (000)<br>|
| Tesla, Inc. <sup>(a)</sup>  | 125000 | $46469 |
| Tractor Supply Co.  | 623150 | 28229 |
|  |  | 14980190 |
| **Consumer staples 9.02%** |  |  |
| Philip Morris International, Inc.  | 37157388 | 6143603 |
| British American Tobacco PLC  | 60627103 | 3531570 |
| Nestle SA  | 9433683 | 935717 |
| Performance Food Group Co. <sup>(a)(d)</sup>  | 10014566 | 857848 |
| Bunge Global SA  | 4549819 | 578737 |
| Mondelez International, Inc., Class A  | 7225736 | 416491 |
| Keurig Dr Pepper, Inc.  | 8268704 | 217715 |
| Church & Dwight Co., Inc.  | 2295391 | 214206 |
| Imperial Brands PLC  | 4141964 | 168576 |
| US Foods Holding Corp. <sup>(a)</sup>  | 1800000 | 165978 |
| Procter & Gamble Co.  | 1100000 | 158884 |
| Walmart, Inc.  | 1145970 | 142421 |
| Costco Wholesale Corp.  | 136000 | 135514 |
| FHU US Holdings, LLC <sup>(b)(c)</sup>  | 22440 | 100000 |
| Danone SA  | 855881 | 68738 |
| Dollar Tree Stores, Inc. <sup>(a)</sup>  | 476696 | 52203 |
|  |  | 13888201 |
| **Communication services 8.99%** |  |  |
| Alphabet, Inc., Class C  | 19545233 | 5606745 |
| Alphabet, Inc., Class A  | 8549116 | 2458384 |
| Meta Platforms, Inc., Class A  | 6373633 | 3646547 |
| ROBLOX Corp., Class A <sup>(a)</sup>  | 11214915 | 634316 |
| Publicis Groupe SA  | 5277644 | 436466 |
| T-Mobile US, Inc.  | 1854213 | 389440 |
| Netflix, Inc. <sup>(a)</sup>  | 1727183 | 166069 |
| Charter Communications, Inc., Class A <sup>(a)</sup>  | 717253 | 154841 |
| Comcast Corp., Class A  | 5134953 | 147424 |
| Spotify Technology SA <sup>(a)</sup>  | 258440 | 125320 |
| Nintendo Co., Ltd.  | 1311300 | 74824 |
|  |  | 13840376 |
| **Financials 8.43%** |  |  |
| Visa, Inc., Class A  | 6257741 | 1891340 |
| JPMorgan Chase & Co.  | 2770991 | 815115 |
| Mastercard, Inc., Class A  | 1492238 | 745612 |
| Truist Financial Corp.  | 15652229 | 719533 |
| KKR & Co., Inc.  | 7604746 | 703439 |
| Progressive Corp.  | 3474000 | 688686 |
| Marsh & McLennan Cos., Inc.  | 3548388 | 615468 |
| Brookfield Corp., Class A  | 12715150 | 514582 |
| Apollo Asset Management, Inc.  | 3970794 | 442426 |
| RenaissanceRe Holdings, Ltd.  | 1446042 | 429807 |
| Capital One Financial Corp.  | 2321911 | 423586 |
| BlackRock, Inc.  | 430381 | 413902 |
| Adyen NV <sup>(a)</sup>  | 361996 | 362231 |
| Bank of America Corp.  | 6867396 | 334785 |
| Wells Fargo & Co.  | 3979191 | 316783 |
| Aon PLC, Class A  | 950464 | 306791 |
| Citigroup, Inc.  | 2500000 | 283525 |

---

Fundamental Investors — Page 3 of 9

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Financials (continued)**<br>| Shares | Value<br> (000)<br>|
| OneMain Holdings, Inc.  | 4952741 | $264922 |
| S&P Global, Inc.  | 606333 | 257898 |
| Citizens Financial Group, Inc.  | 4238300 | 254171 |
| Arthur J. Gallagher & Co.  | 1160747 | 251394 |
| Goldman Sachs Group, Inc.  | 262431 | 222014 |
| Intercontinental Exchange, Inc.  | 1400000 | 220192 |
| Charles Schwab Corp. (The)  | 2299425 | 216100 |
| Sampo Oyj, Class A  | 14385337 | 154145 |
| Ares Management Corp., Class A  | 1151904 | 125673 |
| Morgan Stanley  | 733729 | 120750 |
| Block, Inc., Class A <sup>(a)</sup>  | 2000000 | 120360 |
| Equitable Holdings, Inc.  | 3096380 | 114907 |
| Brown & Brown, Inc.  | 1745217 | 113806 |
| Synchrony Financial  | 1504169 | 102313 |
| Blackstone, Inc.  | 859212 | 98801 |
| CME Group, Inc., Class A  | 298324 | 88110 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup>  | 175071 | 83894 |
| Arch Capital Group, Ltd. <sup>(a)</sup>  | 543646 | 52184 |
| Rocket Companies, Inc., Class A <sup>(a)</sup>  | 3530894 | 50315 |
| Toast, Inc., Class A <sup>(a)</sup>  | 1586201 | 42050 |
| Checkout Payments Group, Ltd., Class B <sup>(b)(c)</sup>  | 159760 | 13996 |
| Credicorp, Ltd.  | 6689 | 2269 |
|  |  | 12977875 |
| **Health care 6.38%** |  |  |
| Eli Lilly and Co.  | 1591292 | 1463623 |
| Amgen, Inc.  | 3560971 | 1252928 |
| UnitedHealth Group, Inc.  | 4454483 | 1205339 |
| CVS Health Corp.  | 8500940 | 610537 |
| Thermo Fisher Scientific, Inc.  | 1234103 | 606599 |
| Abbott Laboratories  | 5754939 | 590860 |
| Vertex Pharmaceuticals, Inc. <sup>(a)</sup>  | 1161083 | 518470 |
| AstraZeneca PLC (GBP denominated)  | 2142240 | 418418 |
| Jazz Pharmaceuticals PLC <sup>(a)</sup>  | 2100000 | 397005 |
| Danaher Corp.  | 1999871 | 379175 |
| AbbVie, Inc.  | 1207049 | 262521 |
| Mettler-Toledo International, Inc. <sup>(a)</sup>  | 190769 | 240598 |
| Bristol-Myers Squibb Co.  | 3897734 | 236398 |
| Novo Nordisk AS, Class B  | 6303729 | 232287 |
| Alnylam Pharmaceuticals, Inc. <sup>(a)</sup>  | 600000 | 198522 |
| Align Technology, Inc. <sup>(a)</sup>  | 1127144 | 193226 |
| McKesson Corp.  | 211706 | 183202 |
| Humana, Inc.  | 1043538 | 180939 |
| Zimmer Biomet Holdings, Inc.  | 1853722 | 167613 |
| Boston Scientific Corp. <sup>(a)</sup>  | 2300000 | 144325 |
| EssilorLuxottica SA  | 614114 | 142926 |
| Rede D'Or Sao Luiz SA  | 13701880 | 103084 |
| Elevance Health, Inc.  | 292365 | 85590 |
|  |  | 9814185 |
| **Energy 3.47%** |  |  |
| Canadian Natural Resources, Ltd. (CAD denominated)  | 24132583 | 1177225 |
| ConocoPhillips  | 5748125 | 758752 |
| TotalEnergies SE (EUR denominated)  | 7539620 | 696158 |
| ONEOK, Inc.  | 5209644 | 470900 |

---

Fundamental Investors — Page 4 of 9

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**unaudited**

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| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Energy (continued)**<br>| Shares | Value<br> (000)<br>|
| Exxon Mobil Corp.  | 2613360 | $443383 |
| EOG Resources, Inc.  | 2697267 | 389944 |
| Shell PLC (GBP denominated)  | 7864637 | 367253 |
| Cenovus Energy, Inc. (CAD denominated)  | 12432635 | 329964 |
| BP PLC (ADR)  | 6519477 | 306415 |
| Viper Energy, Inc., Class A  | 3916672 | 184044 |
| Chevron Corp.  | 636238 | 131638 |
| EQT Corp.  | 819735 | 52168 |
| Baker Hughes Co., Class A  | 513430 | 31345 |
|  |  | 5339189 |
| **Materials 3.36%** |  |  |
| Grupo Mexico, SAB de CV, Series B  | 106915100 | 1144850 |
| Wheaton Precious Metals Corp.  | 6279779 | 822714 |
| Lundin Mining Corp.  | 19727301 | 491942 |
| Glencore PLC  | 60003869 | 457230 |
| Royal Gold, Inc.  | 1633190 | 415630 |
| LyondellBasell Industries NV  | 4842423 | 390106 |
| Linde PLC  | 613974 | 304384 |
| International Paper Co.  | 7508111 | 268040 |
| First Quantum Minerals, Ltd. <sup>(a)</sup>  | 11000000 | 263000 |
| Corteva, Inc.  | 2139162 | 179069 |
| Barrick Mining Corp.  | 4320897 | 176249 |
| Nucor Corp.  | 908000 | 153543 |
| Air Products and Chemicals, Inc.  | 351679 | 102159 |
|  |  | 5168916 |
| **Utilities 2.26%** |  |  |
| FirstEnergy Corp.  | 17339509 | 878420 |
| CenterPoint Energy, Inc.  | 13311249 | 574514 |
| Atmos Energy Corp.  | 3052381 | 563836 |
| Constellation Energy Corp.  | 2009129 | 561049 |
| Southern Co. (The)  | 2700000 | 260604 |
| Brookfield Infrastructure Partners, LP (CAD denominated)  | 6980868 | 251815 |
| Engie SA  | 6706139 | 216207 |
| SSE PLC  | 4491372 | 155060 |
| Exelon Corp.  | 228538 | 11203 |
| NiSource Inc.  | 225423 | 10518 |
|  |  | 3483226 |
| **Real estate 1.81%** |  |  |
| Welltower, Inc. REIT  | 6612573 | 1307372 |
| Extra Space Storage, Inc. REIT  | 2453180 | 321685 |
| Public Storage REIT  | 1132831 | 306861 |
| Digital Realty Trust, Inc. REIT  | 1673553 | 301591 |
| CoStar Group, Inc. <sup>(a)</sup>  | 5477089 | 220946 |
| Rexford Industrial Realty, Inc. REIT  | 5778631 | 189135 |
| Alexandria Real Estate Equities, Inc. REIT  | 1497629 | 69520 |
| Compass, Inc., Class A <sup>(a)</sup>  | 8410521 | 61481 |
|  |  | 2778591 |
| **Total common stocks** (cost: $81,232,778,000) |  | 146778412 |

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Fundamental Investors — Page 5 of 9

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**unaudited**

---

| | | |
|:---|:---|:---|
| Preferred securities 0.45%<br> **Information technology 0.43%**<br>| Shares | Value<br> (000)<br>|
| Strategy, Inc., Series A, 10.00% junior subordinated perpetual bonds noncumulative preferred shares <sup>(e)</sup>  | 5673972 | $430371 |
| Strategy, Inc., Series A, 10.00% cumulative perpetual preferred shares  | 2176200 | 209404 |
| SiFive, Inc., Series G, preferred shares <sup>(a)(b)(c)</sup>  | 3105500 | 27092 |
|  |  | 666867 |
| **Industrials 0.02%** |  |  |
| Zipline International, Inc., Series H, preferred shares <sup>(a)(b)(c)</sup>  | 518960 | 29196 |
| **Total preferred securities** (cost: $670,276,000) |  | 696063 |
| Convertible stocks 0.30%<br> **Industrials 0.17%**<br>|  |  |
| Boeing Co., Series A, convertible preferred depositary shares, 6.00% 10/15/2027  | 3921989 | 254459 |
| **Information technology 0.13%** |  |  |
| Strategy, Inc. 8.00% perpetual convertible preferred shares  | 1452939 | 102723 |
| Microchip Technology, Inc., Series A, cumulative convertible preferred depositary shares, 7.50% 3/15/2028  | 1600000 | 91152 |
|  |  | 193875 |
| **Financials 0.00%** |  |  |
| KKR & Co., Inc., Class D, convertible preferred shares, 6.25% 3/1/2028  | 202050 | 8126 |
| **Total convertible stocks** (cost: $468,153,000) |  | 456460 |
| Short-term securities 3.36%<br> **Money market investments 3.31%**<br>|  |  |
| Capital Group Central Cash Fund 3.71% <sup>(d)(f)</sup>  | 51029042 | 5102394 |
| **Money market investments purchased with collateral from securities on loan 0.05%** |  |  |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 3.58% <sup>(f)(g)</sup>  | 78373640 | 78374 |
| **Total short-term securities** (cost: $5,181,007,000) |  | 5180768 |
| **Total investment securities 99.47%** (cost: $87,552,214,000) |  | 153111703 |
| **Other assets less liabilities 0.53%** |  | 815553 |
| **Net assets 100.00%** |  | $153927256 |

---

Investments in affiliates <sup>(d)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>1/1/2026 <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>3/31/2026 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Common stocks 3.54%** | **Common stocks 3.54%** | **Common stocks 3.54%** | **Common stocks 3.54%** | **Common stocks 3.54%** | **Common stocks 3.54%** | **Common stocks 3.54%** | **Common stocks 3.54%** |
| **Industrials 2.98%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TransDigm Group, Inc.  | $3690481 | &nbsp;&nbsp; $153402 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(504025)<br>| &nbsp;&nbsp; $3339858 | &nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FTAI Aviation, Ltd.  | 510978 | &nbsp;&nbsp; 717979 | &nbsp;&nbsp; 66457 | &nbsp;&nbsp; (2839)<br>| &nbsp;&nbsp; 97611 | &nbsp;&nbsp; 1257272 | &nbsp;&nbsp; 1483 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ITT, Inc. <sup>(h)</sup> <br>| 782684 | &nbsp;&nbsp; 17347 | &nbsp;&nbsp; 118308 | &nbsp;&nbsp; 62165 | &nbsp;&nbsp; 22002 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1516 |
|  |  |  |  |  |  | &nbsp;&nbsp; 4597130 |  |

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Fundamental Investors — Page 6 of 9

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**unaudited**

Investments in affiliates <sup>(d)</sup> (continued)

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at<br> 1/1/2026<br> (000)<br>| Additions<br> (000)<br>| Reductions<br> (000)<br>| Net<br> realized<br> gain (loss)<br> (000)<br>| Net<br> unrealized<br> appreciation<br> (depreciation)<br> (000)<br>| Value at<br> 3/31/2026<br> (000)<br>| Dividend<br> or interest<br> income<br> (000)<br>|
| **Consumer staples 0.56%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Performance Food Group Co. <sup>(a)</sup> <br>| $900510 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(42662)<br>| &nbsp;&nbsp; $857848 | &nbsp;&nbsp; $— |
| **Financials 0.00%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OneMain Holdings, Inc. <sup>(h)</sup> <br>| 524158 | &nbsp;&nbsp; — | &nbsp;&nbsp; 169523 | &nbsp;&nbsp; 23906 | &nbsp;&nbsp; (113619)<br>| &nbsp;&nbsp; — | &nbsp;&nbsp; 5838 |
| **Total common stocks** |  |  |  |  |  | &nbsp;&nbsp; 5454978 |  |
| **Short-term securities 3.31%** | **Short-term securities 3.31%** | **Short-term securities 3.31%** | **Short-term securities 3.31%** | **Short-term securities 3.31%** | **Short-term securities 3.31%** | **Short-term securities 3.31%** | **Short-term securities 3.31%** |
| **Money market investments 3.31%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 3.71% <sup>(f)</sup> <br>| 1876226 | &nbsp;&nbsp; 8245154 | &nbsp;&nbsp; 5018028 | &nbsp;&nbsp; (448)<br>| &nbsp;&nbsp; (510)<br>| &nbsp;&nbsp; 5102394 | &nbsp;&nbsp; 46615 |
| **Total 6.85%** |  |  |  | &nbsp;&nbsp; $82784 | &nbsp;&nbsp; $(541203)<br>| &nbsp;&nbsp; $10557372 | &nbsp;&nbsp; $55452 |

---

Restricted securities <sup>(c)</sup>

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Acquisition <br>date(s)<br>| Cost <br>(000)<br>| Value <br>(000)<br>| Percent <br>of net <br>assets<br>|
| Bending Spoons SpA <sup>(a)(b)</sup> <br>| 10/29/2025 | $116674 | $115733 | 0.08<br> %<br>|
| FHU US Holdings, LLC <sup>(b)</sup> <br>| 10/14/2025 | 100001 | 100000 | 0.06 |
| Zipline International, Inc., Series H, preferred shares <sup>(a)(b)</sup> <br>| 12/3/2025 | 29199 | 29196 | 0.02 |
| SiFive, Inc., Series G, preferred shares <sup>(a)(b)</sup> <br>| 3/2/2026 | 27092 | 27092 | 0.02 |
| Checkout Payments Group, Ltd., Class B <sup>(b)</sup> <br>| 1/11/2022 | 49614 | 13996 | 0.01 |
| **Total** |  | $322580 | $286017 | 0.19<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing.

<sup>(b)</sup> Value determined using significant unobservable inputs.

<sup>(c)</sup> Restricted security, other than Rule 144A securities or commercial paper issued pursuant to Section 4(a)(2) of the Securities Act of 1933.

<sup>(d)</sup> Affiliate of the fund or part of the same "group of investment companies" as the fund, as defined under the Investment Company Act of 1940, as amended.

<sup>(e)</sup> All or a portion of this security was on loan. 

<sup>(f)</sup> Rate represents the seven-day yield at 3/31/2026.

<sup>(g)</sup> Security purchased with cash collateral from securities on loan. 

<sup>(h)</sup> Affiliated issuer during the reporting period but no longer an affiliate at 3/31/2026. Refer to the investment portfolio for the security value at 3/31/2026.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers. Assets and liabilities, including investment securities, denominated in currencies other than U.S. dollars are translated into U.S. dollars at the exchange rates supplied by one or more pricing vendors on the valuation date.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fundamental Investors — Page 7 of 9

------

**unaudited**

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information.

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. The fund's valuation levels as of March 31, 2026, were as follows (dollars in thousands):

Fundamental Investors — Page 8 of 9

------

**unaudited**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Investment securities | Investment securities | Investment securities | Investment securities |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Assets:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Information technology | $37950019 | $6307122 | $115733 | $44372874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Industrials | 17397682 | 2737107 |  | 20134789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer discretionary | 14196355 | 783835 |  | 14980190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer staples | 9083600 | 4704601 | 100000 | 13888201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Communication services | 13329086 | 511290 |  | 13840376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financials | 12447503 | 516376 | 13996 | 12977875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health care | 9020554 | 793631 |  | 9814185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Energy | 4275778 | 1063411 |  | 5339189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Materials | 4711686 | 457230 |  | 5168916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Utilities | 3111959 | 371267 |  | 3483226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Real estate | 2778591 |  |  | 2778591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred securities  | 430371 | 209404 | 56288 | 696063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible stocks  | 456460 |  |  | 456460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term securities  | 5180768 |  |  | 5180768 |
| Total | $134370412 | $18455274 | $286017 | $153111703 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Key to abbreviation(s)** |
| ADR = American Depositary Receipts |
| CAD = Canadian dollars |
| EUR = Euros |
| GBP = British pounds |
| REIT = Real Estate Investment Trust |

---

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2026 Capital Group. All rights reserved.

MFGEFP1-010-0526

Fundamental Investors — Page 9 of 9

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Funds Fundamental Investors

- **b. Investment Company Act file number:** 811-00032

- **c. CIK number of Registrant:** 0000039473

- **d. LEI of Registrant:** RCVUC3QKUPM8R6R24U95

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618-4518

  - **Telephone number:** 9499755000

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

- **a. Name of Series:** American Funds Fundamental Investors

- **b. EDGAR series identifier (if any):** S000009227

- **c. LEI of Series:** RCVUC3QKUPM8R6R24U95

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $155120414716.99

**Total Liabilities:** $1147762878.00

**Net Assets:** $153972651838.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000025050 | 3.84%                | 0.32%                | -7.21%               |
| Class ID C000025051 | 3.77%                | 0.25%                | -7.28%               |
| Class ID C000025052 | 3.78%                | 0.25%                | -7.28%               |
| Class ID C000025053 | 3.81%                | 0.30%                | -7.25%               |
| Class ID C000025054 | 3.83%                | 0.33%                | -7.23%               |
| Class ID C000025055 | 3.86%                | 0.34%                | -7.21%               |
| Class ID C000025057 | 3.77%                | 0.27%                | -7.28%               |
| Class ID C000025058 | 3.83%                | 0.31%                | -7.22%               |
| Class ID C000025059 | 3.84%                | 0.31%                | -7.22%               |
| Class ID C000025061 | 3.77%                | 0.26%                | -7.28%               |
| Class ID C000025062 | 3.83%                | 0.30%                | -7.23%               |
| Class ID C000025063 | 3.85%                | 0.33%                | -7.21%               |
| Class ID C000068558 | 3.85%                | 0.33%                | -7.21%               |
| Class ID C000077853 | 3.86%                | 0.34%                | -7.20%               |
| Class ID C000148457 | 3.80%                | 0.27%                | -7.26%               |
| Class ID C000164826 | 3.86%                | 0.33%                | -7.21%               |
| Class ID C000179985 | 3.86%                | 0.34%                | -7.19%               |
| Class ID C000189470 | 3.86%                | 0.35%                | -7.20%               |
| Class ID C000189471 | 3.86%                | 0.35%                | -7.19%               |
| Class ID C000224623 | 3.86%                | 0.34%                | -7.20%               |
| Class ID C000224624 | 3.86%                | 0.35%                | -7.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5731450572.63           | $443904171.74                              |
| Month 2  | $5376816712.39           | $-4956003473.25                            |
| Month 3  | $1270747384.77           | $-13495914614.12                           |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SK HYNIX INC                                                             | SK HYNIX INC                                                                                 | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |   4690817 | NS      | $2551300921.34 | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD                                | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD                                                    | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |  59019000 | NS      | $3327221914.66 | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MEDIATEK INC                                                             | MEDIATEK INC                                                                                 | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |   3069000 | NS      | $148604310.11  | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NINTENDO CO LTD                                                          | NINTENDO CO LTD                                                                              | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |   1311300 | NS      | $74823906.45   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ADYEN NV                                                                 | ADYEN NV                                                                                     | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               | CORP              | NL        |    361996 | NS      | $362230817.27  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRBUS SE                                                                | AIRBUS SE                                                                                    | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |    712194 | NS      | $133768090.39  | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AMADEUS IT GROUP SA                                                      | AMADEUS IT GROUP SA A (BEARER)                                                               | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |   3095735 | NS      | $175977851.88  | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML HOLDING NV                                                          | ASML HOLDING NV                                                                              | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    141191 | NS      | $186885616.71  | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                                          | ASTRAZENECA PLC (GBP)                                                                        | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |   2142240 | NS      | $418418092.56  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                          | BAE SYSTEMS PLC                                                                              | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |   7551501 | NS      | $219816485.65  | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BRITISH AMERICAN TOBACCO PLC                                             | BRITISH AMERICAN TOBACCO PLC                                                                 | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |  60627103 | NS      | $3531570355.31 | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| B&M EUROPEAN VALUE RETAIL PLC                                            | B&M EUROPEAN VALUE RETAIL PLC                                                                | CUSIP: N/A<br>LEI: 213800UK7ZRLY2K1X530       | Long             | EC               | CORP              | JE        |  40039390 | NS      | $90177991.44   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPAGNIE FINANCIERE RICHEMONT SA                                        | COMPAGNIE FINANCIERE RICHEMONT SA CL A                                                       | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |    882993 | NS      | $157343056.85  | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DANONE SA                                                                | DANONE SA                                                                                    | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |    855881 | NS      | $68737685.81   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                                                                  | DSV A/S                                                                                      | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |   1243369 | NS      | $297046017.62  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| CHECKOUT PAYMENTS GROUP LTD                                              | CHECKOUT PAYMENTS GROUP LTD B PP (PHYSICAL) (NOT LISTED OR TRADING)                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JE        |    159760 | NS      | $13996573.60   | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FHU US HOLDINGS LLC                                                      | FHU US HOLDINGS LLC PP (DRS) (NOT LISTED OR TRADING)                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     22440 | NS      | $100000494.00  | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| ENGIE SA                                                                 | ENGIE SA                                                                                     | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |   6706139 | NS      | $216207159.56  | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BENDING SPOONS SPA                                                       | BENDING SPOONS SPA CL C PP (DRS) (NOT LISTED OR TRADING)                                     | CUSIP: N/A<br>LEI: 8156003EE5CFCCBBEB31       | Long             | EC               | CORP              | IT        |   1311947 | NS      | $115732712.55  | 0.08%             |  |  |  | No            |                  3 | On Loan: No      |
| STRATEGY INC                                                             | STRATEGY INC CL A PFD 10.00% PRP (PHYSICAL)                                                  | CUSIP: 594972846<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |   2176200 | NS      | $209403785.29  | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SIFIVE INC                                                               | SIFIVE INC CL G PFD PP (PHYSICAL) (NOT LISTED OR TRADING)                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   3105500 | NS      | $27092382.00   | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| ZIPLINE INTERNATIONAL INC                                                | ZIPLINE INTERNATIONAL INC PFD SER H PP (PHYSICAL) (NOT LISTED OR TRADING)                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    518960 | NS      | $29196689.60   | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ESSILORLUXOTTICA SA                                                      | ESSILORLUXOTTICA SA                                                                          | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |    614114 | NS      | $142925960.36  | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| EVOLUTION AB                                                             | EVOLUTION AB                                                                                 | CUSIP: N/A<br>LEI: 549300SUH6ZR1RF6TA88       | Long             | EC               | CORP              | SE        |   3271496 | NS      | $204031356.20  | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GLENCORE PLC                                                             | GLENCORE PLC                                                                                 | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |  57003954 | NS      | $434370222.20  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS PLC                                                      | IMPERIAL BRANDS PLC                                                                          | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |   4141964 | NS      | $168575618.02  | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| LIFCO AB                                                                 | LIFCO AB CL B                                                                                | CUSIP: N/A<br>LEI: 549300RTLL4VDQRCTW41       | Long             | EC               | CORP              | SE        |   8968067 | NS      | $269827353.16  | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE                                      | LVMH MOET HENNESSY LOUIS VUITTON SE                                                          | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |    281193 | NS      | $156305364.82  | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTLE SA                                                                | NESTLE SA                                                                                    | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |   9433683 | NS      | $935717042.27  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVO NORDISK AS                                                          | NOVO NORDISK AS CL B                                                                         | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |   6303729 | NS      | $232287235.59  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLICIS GROUPE SA                                                       | PUBLICIS GROUPE SA                                                                           | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |   5799938 | NS      | $479660313.51  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                                 | ROLLS-ROYCE HOLDINGS PLC                                                                     | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |  76712387 | NS      | $1171470904.44 | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMPO OYJ                                                                | SAMPO OYJ CL A                                                                               | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |  14385337 | NS      | $154144834.13  | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                                   | SAP SE                                                                                       | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |   1145502 | NS      | $193856769.51  | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                    | SCHNEIDER ELECTRIC SE                                                                        | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |   1060631 | NS      | $291323544.32  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                                                | SHELL PLC (LONDON)                                                                           | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   9201794 | NS      | $429694429.39  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SIEMENS AG                                                               | SIEMENS AG                                                                                   | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |   1491862 | NS      | $353855257.48  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE PLC                                                                  | SSE PLC                                                                                      | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |   4491372 | NS      | $155060281.87  | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTALENERGIES SE                                                         | TOTALENERGIES SE                                                                             | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |   6598620 | NS      | $609271993.84  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                          | FAIR ISAAC CORP                                                                              | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     90000 | NS      | $96078600.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC                                                  | COMFORT SYSTEMS USA INC                                                                      | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |    159269 | NS      | $219630358.31  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS LTD                                               | FIRST QUANTUM MINERALS LTD                                                                   | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |  11000000 | NS      | $263000503.20  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD                                                        | FTAI AVIATION LTD                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   5090913 | NS      | $1247273685.00 | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL ELECTRIC CO AKA GE AEROSPACE                                     | GENERAL ELECTRIC CO AKA GE AEROSPACE                                                         | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   3349979 | NS      | $950623540.83  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC                                                           | GE VERNOVA INC                                                                               | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |    720757 | NS      | $629148785.30  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO MEXICO SAB DE CV                                                   | GRUPO MEXICO SAB DE CV SER B                                                                 | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        | 106915100 | NS      | $1144849968.87 | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                                             | ALPHABET INC CL C                                                                            | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |  19545233 | NS      | $5606745538.38 | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                                             | ALPHABET INC CL A                                                                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   8549116 | NS      | $2458383796.96 | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | GOLDMAN SACHS GROUP INC                                                                      | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    262431 | NS      | $222014001.69  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                                                           | HOME DEPOT INC                                                                               | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    182612 | NS      | $60059260.68   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC                                            | HILTON WORLDWIDE HOLDINGS INC                                                                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    548298 | NS      | $166726455.84  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE CO                                            | HEWLETT PACKARD ENTERPRISE CO                                                                | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |   5000000 | NS      | $119050000.00  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC                                               | MARRIOTT INTERNATIONAL INC CL A                                                              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |    171000 | NS      | $55928970.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                 | MICROCHIP TECHNOLOGY INC CV PFD SER A CUMULATIVE DEP SHARES (1/20TH 7.5% SER A PFD) 03-15-28 | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |   1600000 | NS      | $91152000.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                                                            | MCKESSON CORP                                                                                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |    211706 | NS      | $183201904.16  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC                                               | MONDELEZ INTERNATIONAL INC CL A                                                              | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   7225736 | NS      | $416491423.04  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                                                               | HUMANA INC                                                                                   | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |   1043538 | NS      | $180939053.82  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                                            | INTERCONTINENTAL EXCHANGE INC                                                                | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   1400000 | NS      | $220192000.00  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP                                                               | INTEL CORP                                                                                   | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |   7763344 | NS      | $342596370.72  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                                                              | NVIDIA CORP                                                                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |  31890368 | NS      | $5561680179.20 | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                                                                | ONEOK INC                                                                                    | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |   5209644 | NS      | $470899721.16  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN HOLDINGS INC                                                     | ONEMAIN HOLDINGS INC                                                                         | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |   4952741 | NS      | $264922116.09  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX INC                                                              | PAYCHEX INC                                                                                  | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |   8758985 | NS      | $806877698.20  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRASTRUCTURE PARTNERS LP                                    | BROOKFIELD INFRASTRUCTURE PARTNERS LP (CAD)                                                  | CUSIP: N/A<br>LEI: 549300WEH5R2OODI7Y90       | Long             | EC               | CORP              | BM        |   6980868 | NS      | $251815078.89  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC                                                     | BOOKING HOLDINGS INC                                                                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     71325 | NS      | $300301074.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES CO                                                          | BAKER HUGHES CO CL A                                                                         | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    513430 | NS      | $31344901.50   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                 | BUILDERS FIRSTSOURCE INC                                                                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |   1298908 | NS      | $106939095.64  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO                                                   | INTERNATIONAL PAPER CO                                                                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   7637611 | NS      | $272662712.70  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INGERSOLL-RAND INC                                                       | INGERSOLL-RAND INC                                                                           | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |   6164424 | NS      | $493893650.88  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT INC                                                                  | ITT INC                                                                                      | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |   4019789 | NS      | $765890398.17  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PLC                                                 | JAZZ PHARMACEUTICALS PLC                                                                     | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |   2100000 | NS      | $397005000.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMORGAN CHASE & CO                                                                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   2770991 | NS      | $815114712.56  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| KEURIG DR PEPPER INC                                                     | KEURIG DR PEPPER INC                                                                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |   8268704 | NS      | $217714976.32  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES INC                                                | KEYSIGHT TECHNOLOGIES INC                                                                    | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |   1400000 | NS      | $395318000.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                                                             | KKR & CO INC                                                                                 | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |   7604746 | NS      | $703439005.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                                                             | KKR & CO INC CV PFD CL D 6.250% 03-01-28                                                     | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    202050 | NS      | $8126451.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES INC                                                      | QUANTA SERVICES INC                                                                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    297342 | NS      | $163246704.84  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORP                                                                 | KLA CORP                                                                                     | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |   1262193 | NS      | $1858465595.13 | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNOX INTERNATIONAL INC                                                 | LENNOX INTERNATIONAL INC                                                                     | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |    746402 | NS      | $346427560.26  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY (NEW)                                       | LINDE PUBLIC LIMITED COMPANY (NEW)                                                           | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |    613974 | NS      | $304383750.24  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY AND CO                                                         | ELI LILLY AND CO                                                                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |   1591292 | NS      | $1463622642.84 | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| LOAR HOLDINGS INC                                                        | LOAR HOLDINGS INC                                                                            | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2870001 | NS      | $164422357.29  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LUNDIN MINING CORP                                                       | LUNDIN MINING CORP                                                                           | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |  19727301 | NS      | $491941680.46  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LYONDELLBASELL INDUSTRIES NV                                             | LYONDELLBASELL INDUSTRIES NV                                                                 | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | US        |   4842423 | NS      | $390105596.88  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                                                           | MASTERCARD INC CL A                                                                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |   1459326 | NS      | $729166829.16  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCORE TECHNOLOGIES INC                                                 | PROCORE TECHNOLOGIES INC                                                                     | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |   2600000 | NS      | $148200000.00  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PERFORMANCE FOOD GROUP CO                                                | PERFORMANCE FOOD GROUP CO                                                                    | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |  10014566 | NS      | $857847723.56  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                                                             | STRATEGY INC CL A JUNIOR  PFD 10.00% PRP                                                     | CUSIP: 594972861<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |   5673972 | NS      | $430370776.20  | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| STRATEGY INC                                                             | STRATEGY INC CV PFD 8.00% PRP                                                                | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |   1452939 | NS      | $102722787.30  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                                                      | SYNCHRONY FINANCIAL                                                                          | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |   1504169 | NS      | $102313575.38  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE CO                                                      | PROCTER & GAMBLE CO                                                                          | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   1100000 | NS      | $158884000.00  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP (THE)                                                   | PROGRESSIVE CORP (THE)                                                                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |   3474000 | NS      | $688685760.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RESTAURANT BRANDS INTERNATIONAL INC                                      | RESTAURANT BRANDS INTERNATIONAL INC (USD)                                                    | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | US        |   9809955 | NS      | $724955674.50  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORP                                                              | ROBLOX CORP                                                                                  | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |  11106015 | NS      | $628156208.40  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                              | ROYAL CARIBBEAN CRUISES LTD                                                                  | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | US        |   5418254 | NS      | $1490995135.72 | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| REDE D'OR SAO LUIZ SA                                                    | REDE D'OR SAO LUIZ SA                                                                        | CUSIP: N/A<br>LEI: 9269004BEA774D836A73       | Long             | EC               | CORP              | BR        |  13701880 | NS      | $103084503.14  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM GROUP INC                                                      | TRANSDIGM GROUP INC                                                                          | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2881772 | NS      | $3339858477.12 | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | TRUIST FINANCIAL CORP                                                                        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |  15652229 | NS      | $719532967.13  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                                             | THERMO FISHER SCIENTIFIC INC                                                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |   1234103 | NS      | $606598647.59  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE US INC                                                          | T-MOBILE US INC                                                                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |   1854213 | NS      | $389440356.39  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TOAST INC                                                                | TOAST INC CL A                                                                               | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |   1586201 | NS      | $42050188.51   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSUNION                                                               | TRANSUNION                                                                                   | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |   1193714 | NS      | $82593071.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY CO                                                        | TRACTOR SUPPLY CO                                                                            | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    623150 | NS      | $28228695.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                                                | APPLE INC                                                                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   9223585 | NS      | $2340853637.15 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA INC                                                                | TESLA INC                                                                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    125000 | NS      | $46468750.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD                                | TAIWAN SEMICONDUCTOR MFG CO ADR                                                              | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   5208165 | NS      | $1760099361.75 | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                                   | TRANE TECHNOLOGIES PLC                                                                       | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |    174832 | NS      | $72859487.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                                             | UNITED AIRLINES HOLDINGS INC                                                                 | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |   3219693 | NS      | $296437134.51  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                    | UBER TECHNOLOGIES INC                                                                        | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    423900 | NS      | $30491127.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                   | UNITEDHEALTH GROUP INC                                                                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   4454483 | NS      | $1205338554.97 | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                                               | ABBVIE INC                                                                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   1148249 | NS      | $249732675.01  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                                                      | ABBOTT LABORATORIES                                                                          | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |   6243359 | NS      | $641005668.53  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                                                       | UNION PACIFIC CORP                                                                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   3920506 | NS      | $951193165.72  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS INC                                                       | UNITED RENTALS INC                                                                           | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |    796258 | NS      | $580121728.48  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                                                   | ARCH CAPITAL GROUP LTD                                                                       | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |    543646 | NS      | $52184579.54   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                  | ARTHUR J GALLAGHER & CO                                                                      | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |   1160747 | NS      | $251394585.26  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP                                                    | US FOODS HOLDING CORP                                                                        | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |   1800000 | NS      | $165978000.00  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                                                 | VISA INC CL A                                                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   6177398 | NS      | $1867056771.52 | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC                                                     | VERISK ANALYTICS INC                                                                         | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |   1160686 | NS      | $220240168.50  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTEX PHARMACEUTICALS INC                                               | VERTEX PHARMACEUTICALS INC                                                                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |   1161083 | NS      | $518470002.82  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AKAMAI TECHNOLOGIES INC                                                  | AKAMAI TECHNOLOGIES INC                                                                      | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |    600000 | NS      | $68910000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                                            | BOEING CO/THE SER A CV PFD CUMULATIVE DEP SHS (1/20TH 6.00% SER A CV PFD) 10-15-27           | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |   3921989 | NS      | $254458646.32  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPER ENERGY INC                                                         | VIPER ENERGY INC CL A                                                                        | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3916672 | NS      | $184044417.28  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                                                            | WELLTOWER INC (REIT)                                                                         | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |   6612573 | NS      | $1307371807.83 | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & CO                                                         | WELLS FARGO & CO                                                                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   3979191 | NS      | $316783395.51  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT INC                                                     | WASTE MANAGEMENT INC                                                                         | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |    455495 | NS      | $104668196.05  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                                              | WALMART INC                                                                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   1145970 | NS      | $142421151.60  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WHEATON PRECIOUS METALS CORP                                             | WHEATON PRECIOUS METALS CORP (USD)                                                           | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |   6279779 | NS      | $822713846.79  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| WATSCO INC                                                               | WATSCO INC                                                                                   | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |    466541 | NS      | $169722950.39  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WYNN RESORTS LTD                                                         | WYNN RESORTS LTD                                                                             | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |   2644227 | NS      | $268521251.85  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                                                         | EXXON MOBIL CORP                                                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2613360 | NS      | $443382657.60  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                                                                  | XPO INC                                                                                      | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |   2209658 | NS      | $429888963.90  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                                                    | WASTE CONNECTIONS INC (USD)                                                                  | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |   2590991 | NS      | $420880578.04  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP                                                     | WESTERN DIGITAL CORP                                                                         | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |   3091300 | NS      | $836165737.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                                                | BLOCK INC CL A                                                                               | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |   2000000 | NS      | $120360000.00  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! BRANDS INC                                                          | YUM! BRANDS INC                                                                              | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |    942882 | NS      | $146599293.36  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS INC                                               | ZIMMER BIOMET HOLDINGS INC                                                                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |   1853722 | NS      | $167613543.24  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                                           | CANADIAN NATURAL RESOURCES LTD                                                               | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |  25180176 | NS      | $1228327757.43 | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                               | CAPITAL ONE FINANCIAL CORP                                                                   | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |   2421911 | NS      | $441829223.73  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS INC                                                              | COMPASS INC CL A                                                                             | CUSIP: 20464U100<br>LEI: 254900DMGQSTC3I2IM78 | Long             | EC               | CORP              | US        |   8410521 | NS      | $61480908.51   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                                           | CONOCOPHILLIPS                                                                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   5748125 | NS      | $758752500.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP                                                    | COSTCO WHOLESALE CORP                                                                        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |    136000 | NS      | $135514480.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COUPANG INC                                                              | COUPANG INC CL A                                                                             | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |  38394153 | NS      | $724881608.64  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE INC                                                           | SALESFORCE INC                                                                               | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |   4506607 | NS      | $841248328.69  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTAR GROUP INC                                                         | COSTAR GROUP INC                                                                             | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |   5477089 | NS      | $220945770.26  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                                               | CONSTELLATION SOFTWARE INC                                                                   | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |    242706 | NS      | $426055369.81  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                                            | BOEING CO/THE                                                                                | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |   3172791 | NS      | $631480592.73  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | BANK OF AMERICA CORP                                                                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   6867396 | NS      | $334785555.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDICORP LTD                                                            | CREDICORP LTD                                                                                | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | PE        |      6689 | NS      | $2268775.02    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                                                            | BLACKROCK INC                                                                                | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    430381 | NS      | $413901711.51  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                  | BRISTOL-MYERS SQUIBB CO                                                                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |   3897734 | NS      | $236397567.10  | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD CORP                                                          | BROOKFIELD CORP A (USD)                                                                      | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |  12715150 | NS      | $514582120.50  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                                                              | CORTEVA INC                                                                                  | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |   2028962 | NS      | $169844409.02  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CENOVUS ENERGY INC                                                       | CENOVUS ENERGY INC                                                                           | CUSIP: 15135U109<br>LEI: 254900LJGL2N2XEMD470 | Long             | EC               | CORP              | CA        |  12432635 | NS      | $329963973.98  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                                                   | BP PLC ADR                                                                                   | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |   3976053 | NS      | $186874491.00  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC                                                   | BERKSHIRE HATHAWAY INC CL B                                                                  | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    175071 | NS      | $83894023.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC                                                        | BROWN & BROWN INC                                                                            | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |   1745217 | NS      | $113805600.57  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                                                   | BOSTON SCIENTIFIC CORP                                                                       | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |   2300000 | NS      | $144325000.00  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTON STORES INC                                                    | BURLINGTON STORES INC                                                                        | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |   1689913 | NS      | $549863891.94  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE INC                                                           | BLACKSTONE INC                                                                               | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |    859212 | NS      | $98800787.88   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                            | CITIGROUP INC                                                                                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   2500000 | NS      | $283525000.00  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORP                                                      | CARRIER GLOBAL CORP                                                                          | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |   9199016 | NS      | $517996590.96  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                                                          | CATERPILLAR INC                                                                              | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    312300 | NS      | $221252058.00  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORP                                                | CONSTELLATION ENERGY CORP                                                                    | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |   2009129 | NS      | $561049273.25  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP INC                                             | CITIZENS FINANCIAL GROUP INC                                                                 | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |   4238300 | NS      | $254170851.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT CO INC                                                   | CHURCH & DWIGHT CO INC                                                                       | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |   2295391 | NS      | $214205888.12  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CH ROBINSON WORLDWIDE INC                                                | CH ROBINSON WORLDWIDE INC                                                                    | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |   1000000 | NS      | $166070000.00  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS INC                                               | CHARTER COMMUNICATIONS INC CL A                                                              | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |    717253 | NS      | $154840577.64  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                                                      | ELEVANCE HEALTH INC                                                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    292365 | NS      | $85589853.75   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES INC                                                        | EOG RESOURCES INC                                                                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   2997267 | NS      | $433314890.19  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                                                   | EQUITABLE HOLDINGS INC                                                                       | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |   3158180 | NS      | $117200059.80  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                                                 | EQT CORP                                                                                     | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    819735 | NS      | $52167935.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CARVANA CO                                                               | CARVANA CO CL A                                                                              | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |   1606160 | NS      | $504944580.80  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS HEALTH CORP                                                                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   8500940 | NS      | $610537510.80  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                                                              | EXELON CORP                                                                                  | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    228538 | NS      | $11202932.76   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE INC                                                  | EXTRA SPACE STORAGE INC (REIT)                                                               | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Long             | EC               | CORP              | US        |   2453180 | NS      | $321685493.40  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                                             | CHEVRON CORP                                                                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    636238 | NS      | $131637642.20  | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                | CAESARS ENTERTAINMENT INC                                                                    | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |   7500000 | NS      | $198225000.00  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                                                               | FEDEX CORP                                                                                   | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |    185685 | NS      | $66137283.30   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                                                         | FIRSTENERGY CORP                                                                             | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |  17339509 | NS      | $878419525.94  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DEERE & CO                                                               | DEERE & CO                                                                                   | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    879866 | NS      | $495628517.80  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DR HORTON INC                                                            | DR HORTON INC                                                                                | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |   3896941 | NS      | $534738244.02  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                                                             | DANAHER CORP                                                                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   1985550 | NS      | $376460280.00  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                                 | DIGITAL REALTY TRUST INC (REIT)                                                              | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |   1673553 | NS      | $301590986.13  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR TREE INC                                                          | DOLLAR TREE INC                                                                              | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    476696 | NS      | $52202978.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                   | CENTERPOINT ENERGY INC (DRS)                                                                 | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |   2446304 | NS      | $105582480.64  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BUNGE GLOBAL SA                                                          | BUNGE GLOBAL SA                                                                              | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | US        |   4549819 | NS      | $578736976.80  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                                          | PHILIP MORRIS INTERNATIONAL INC                                                              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |  37157388 | NS      | $6143602531.92 | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                                           | PUBLIC STORAGE (REIT)                                                                        | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |   1067551 | NS      | $289178214.88  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                                                         | MERCADOLIBRE INC                                                                             | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |    771891 | NS      | $1334614976.82 | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                                                       | META PLATFORMS INC CL A                                                                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |   6227733 | NS      | $3563072881.29 | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND                                          | CAPITAL GROUP CENTRAL CASH FUND                                                              | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | STIV             | RF                | US        |  43289045 | NS      | $4328471635.55 | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M CO                                                                    | 3M COMPANY                                                                                   | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |   1376081 | NS      | $199848243.63  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC                                           | MARSH & MCLENNAN COMPANIES INC                                                               | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |   3548388 | NS      | $615467898.60  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                           | MORGAN STANLEY                                                                               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    733729 | NS      | $120749781.53  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                                           | MICROSOFT CORP                                                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |  18767372 | NS      | $6947118093.24 | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                                                             | STRATEGY INC CL A                                                                            | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |  10332940 | NS      | $1289550912.00 | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| METTLER-TOLEDO INTERNATIONAL INC                                         | METTLER-TOLEDO INTERNATIONAL INC                                                             | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |    190769 | NS      | $240597862.80  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VAIL RESORTS INC                                                         | VAIL RESORTS INC                                                                             | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |   1335902 | NS      | $171422944.64  | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| MICRON TECHNOLOGY INC                                                    | MICRON TECHNOLOGY INC                                                                        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |   9686722 | NS      | $3272562160.48 | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NORWEGIAN CRUISE LINE HOLDINGS LTD                                       | NORWEGIAN CRUISE LINE HOLDINGS LTD                                                           | CUSIP: N/A<br>LEI: 254900W8I5G9146RBD88       | Long             | EC               | CORP              | US        |  15409313 | NS      | $288154153.10  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                                                           | CLOUDFLARE INC CL A                                                                          | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |   1900000 | NS      | $392046000.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                                                              | NETFLIX INC                                                                                  | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |   1727183 | NS      | $166068645.45  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC                                                             | NISOURCE INC                                                                                 | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    225423 | NS      | $10518237.18   | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                                    | NORTHROP GRUMMAN CORP                                                                        | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    539829 | NS      | $368292936.96  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORP                                                               | NUCOR CORP                                                                                   | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    908000 | NS      | $153542800.00  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                                             | COMCAST CORP CL A                                                                            | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   5134953 | NS      | $147424500.63  | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                                                            | CME GROUP INC CL A                                                                           | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    298324 | NS      | $88109993.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL INC                                               | CHIPOTLE MEXICAN GRILL INC                                                                   | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |  32691190 | NS      | $1046444991.90 | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                   | CENTERPOINT ENERGY INC                                                                       | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |  10864945 | NS      | $468931026.20  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY INC                                                     | ALIGN TECHNOLOGY INC                                                                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |   1127144 | NS      | $193226295.92  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC                                              | ALNYLAM PHARMACEUTICALS INC                                                                  | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |    600000 | NS      | $198522000.00  | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIALS INC                                                    | APPLIED MATERIALS INC                                                                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    749161 | NS      | $256055738.19  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                                | AMGEN INC                                                                                    | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |   3785891 | NS      | $1332065748.35 | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                                                           | AMAZON.COM INC                                                                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |  20709619 | NS      | $4313192349.13 | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PLC                                                                  | AON PLC CL A                                                                                 | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |    950464 | NS      | $306790769.92  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS INC                                             | AIR PRODUCTS & CHEMICALS INC                                                                 | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    351679 | NS      | $102159232.71  | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORP                                                            | AMPHENOL CORP CL A                                                                           | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   1465936 | NS      | $185221013.60  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT INC                                             | APOLLO GLOBAL MANAGEMENT INC                                                                 | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |   3970794 | NS      | $442425867.48  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORP                                                            | APPLOVIN CORP CL A                                                                           | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |    478682 | NS      | $190515436.00  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL ESTATE EQUITIES INC                                      | ALEXANDRIA REAL ESTATE EQUITIES INC (REIT)                                                   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |   1980929 | NS      | $91954724.18   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP                                                     | ARES MANAGEMENT CORP CL A                                                                    | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |   1151904 | NS      | $125672726.40  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                                                          | ASML HOLDING NV ADR                                                                          | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    320140 | NS      | $422850516.20  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY CORP                                                        | ATMOS ENERGY CORP                                                                            | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |   3052381 | NS      | $563835818.32  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                                             | BROADCOM INC                                                                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |  29536763 | NS      | $9141923516.13 | 5.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BARRICK MINING CORP                                                      | BARRICK MINING CORP (USD)                                                                    | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |   4320897 | NS      | $176249388.63  | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDUSTRIAL REALTY INC                                            | REXFORD INDUSTRIAL REALTY INC (REIT)                                                         | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |   5778631 | NS      | $189134592.63  | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD INC                                                           | ROYAL GOLD INC                                                                               | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |   1633190 | NS      | $415630523.10  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET COMPANIES INC                                                     | ROCKET COMPANIES INC CL A                                                                    | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3530894 | NS      | $50315239.50   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD                                               | RENAISSANCERE HOLDINGS LTD                                                                   | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |   1446042 | NS      | $429807063.66  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                                                                 | RTX CORP                                                                                     | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   4789934 | NS      | $923978268.60  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| RYANAIR HOLDINGS PLC                                                     | RYANAIR HOLDINGS PLC ADR                                                                     | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |  19135081 | NS      | $1106007681.80 | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORP                                                           | STARBUCKS CORP                                                                               | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |  15979094 | NS      | $1431567031.46 | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP/THE                                                  | CHARLES SCHWAB CORP/THE                                                                      | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   2299425 | NS      | $216099961.50  | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                                                              | SHOPIFY INC CL A                                                                             | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |  10643246 | NS      | $1262501840.52 | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO/THE                                                          | SOUTHERN CO/THE                                                                              | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   2672000 | NS      | $257901440.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC                                                           | S&P GLOBAL INC                                                                               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    606333 | NS      | $257897678.22  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                                                    | SPOTIFY TECHNOLOGY SA                                                                        | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |    258440 | NS      | $125320140.40  | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX TECHNOLOGIES INC                                                     | SPX TECHNOLOGIES INC                                                                         | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |   1219505 | NS      | $243827829.70  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO - SHORT-TERM INVESTMENTS TRUST - GOVERNMENT AND AGENCY PORTFOLIO | INVESCO - SHORT-TERM INVESTMENTS TRUST - GOVERNMENT AND AGENCY PORTFOLIO                     | CUSIP: 825252885<br>LEI: N/A                  | Long             | EC               | RF                | US        |  78373640 | PA      | $78373640.03   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** American Funds Fundamental Investors

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Compliance Specialist Senior