# EDGAR Filing Document

**Accession Number:** 0001618627
**File Stem:** 0001145549-25-049419
**Filing Date:** 2025-7
**Character Count:** 76041
**Document Hash:** 2dcf340fae51c18eb7c9cd714447c729
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049419.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049419

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB Fund Trust
- **CENTRAL INDEX KEY:** 0001618627

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23011
- **FILM NUMBER:** 251159063

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 609-731-6256

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PENN Capital Funds Trust
- **DATE OF NAME CHANGE:** 20140904

## Series and Classes Contracts Data

### Tweedy, Browne Insider + Value ETF (Series ID: S000089439)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000255972 | Tweedy, Browne Insider + Value ETF | COPY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Tweedy, Browne Insider + Value ETF** | **Tweedy, Browne Insider + Value ETF** | **Tweedy, Browne Insider + Value ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 96.9%** | **Shares** | **Value**  |
| **Australia - 0.8%** | **Australia - 0.8%** | |
| Magellan Financial Group Ltd. | 38781 | $209235 |
| New Hope Corp. Ltd. | 62552 | 149994 |
|  |  | 359229 |
| **Austria - 2.6%** | **Austria - 2.6%** |  |
| BAWAG Group AG <sup>(a)</sup> | 5425 | 674498 |
| Erste Group Bank AG | 6621 | 532636 |
|  |  | 1207134 |
| **Belgium - 1.4%** | **Belgium - 1.4%** |  |
| Colruyt Group N.V | 5801 | 261625 |
| Umicore SA | 16639 | 182315 |
| X-Fab Silicon Foundries SE <sup>(a)(b)</sup> | 35863 | 209303 |
|  |  | 653243 |
| **Bermuda - 0.4%** | **Bermuda - 0.4%** |  |
| Conduit Holdings Ltd. | 38327 | 193907 |
| **Canada - 10.8%** | **Canada - 10.8%** |  |
| Atco Ltd. - Class I | 8339 | 312815 |
| Bank of Montreal | 2508 | 269322 |
| Bank of Nova Scotia | 5021 | 268657 |
| Canadian Imperial Bank of Commerce | 5421 | 369063 |
| Cenovus Energy, Inc. | 14759 | 194442 |
| Dundee Precious Metals, Inc. | 33457 | 515623 |
| Mullen Group Ltd. | 26688 | 271285 |
| National Bank of Canada | 3336 | 328337 |
| Nutrien Ltd. | 4613 | 272541 |
| Paramount Resources Ltd. - Class A | 10800 | 149918 |
| Parex Resources, Inc. | 15430 | 152574 |
| Peyto Exploration & Development Corp. | 28503 | 384236 |
| Power Corp. of Canada | 8339 | 322720 |
| Stella-Jones, Inc. | 5376 | 303949 |
| Tamarack Valley Energy Ltd. | 78812 | 250963 |
| Tourmaline Oil Corp. | 4586 | 206785 |
| Whitecap Resources, Inc. | 34194 | 213284 |
| Winpak Ltd. | 7922 | 254744 |
|  |  | 5041258 |
| **Denmark - 0.7%** | **Denmark - 0.7%** |  |
| Jyske Bank AS | 3337 | 313130 |
| **Finland - 0.5%** | **Finland - 0.5%** |  |
| Kemira Oyj | 10487 | 230409 |
| **France - 5.8%** | **France - 5.8%** |  |
| Bouygues SA | 6671 | 290788 |
| Coface SA | 16226 | 303440 |
| Eurazeo SE | 4197 | 293315 |
| Metropole Television SA | 19562 | 275424 |
| Rubis SCA | 8011 | 260875 |
| Sopra Steria Group | 1221 | 263135 |
| Teleperformance SE | 1667 | 168534 |
| Television Francaise 1 SA | 34620 | 334718 |
| Verallia SA <sup>(a)</sup> | 6671 | 211785 |
| Wendel SE | 2917 | 283681 |
|  |  | 2685695 |
| **Germany - 6.5%** | **Germany - 6.5%** |  |
| Bayer AG | 4170 | 117116 |
| Brenntag SE | 2929 | 198346 |
| Daimler Truck Holding AG | 5389 | 233804 |
| Deutsche Lufthansa AG | 24185 | 193489 |
| DHL Group<br>| 7128 | 318640 |
| Douglas AG <sup>(b)</sup> | 12742 | 174772 |
| HUGO BOSS AG | 6682 | 309552 |
| Mercedes-Benz Group AG | 3336 | 199203 |
| ProSiebenSat.1 Media SE | 37485 | 301128 |
| Puma SE | 8810 | 228075 |
| SAF-Holland SE <sup>(b)</sup> | 18728 | 347039 |
| Schaeffler AG | 35862 | 172651 |
| Stabilus SE | 8348 | 242181 |
|  |  | 3035996 |
| **Hong Kong - 0.6%** | **Hong Kong - 0.6%** |  |
| Prudential PLC | 23832 | 271265 |
| **Hungary - 1.4%** | **Hungary - 1.4%** |  |
| MOL Hungarian Oil & Gas PLC | 29386 | 254094 |
| OTP Bank Nyrt | 4987 | 378223 |
|  |  | 632317 |
| **Italy - 4.2%** | **Italy - 4.2%** |  |
| BFF Bank SpA <sup>(a)(b)</sup> | 23967 | 247097 |
| Brembo NV | 27476 | 251452 |
| Buzzi SpA | 4216 | 216470 |
| MFE-MediaForEurope NV | 50391 | 242483 |
| Piaggio & C SpA | 93833 | 193801 |
| Pirelli & C SpA <sup>(a)</sup> | 47072 | 336721 |
| Sanlorenzo SpA | 7565 | 261126 |
| Zignago Vetro SpA | 19183 | 181438 |
|  |  | 1930588 |
| **Luxembourg - 0.7%** | **Luxembourg - 0.7%** |  |
| Befesa SA <sup>(a)</sup> | 11260 | 348267 |
| **Netherlands - 0.3%** | **Netherlands - 0.3%** |  |
| AMG Critical Materials NV | 5933 | 126311 |
| **Norway - 0.8%** | **Norway - 0.8%** |  |
| DNB Bank ASA | 13344 | 357282 |
| **Philippines - 0.5%** | **Philippines - 0.5%** |  |
| Semirara Mining & Power Corp. | 429700 | 250296 |
| **Portugal - 0.6%** | **Portugal - 0.6%** |  |
| Altri SGPS SA | 44619 | 269018 |
| **Singapore - 2.1%** | **Singapore - 2.1%** |  |
| Hafnia Ltd. | 50875 | 257427 |
| UMS Integration Ltd. | 274509 | 249022 |
| United Overseas Bank Ltd. | 11033 | 302910 |
| Wilmar International Ltd. | 75008 | 177379 |
|  |  | 986738 |
| **South Africa - 0.9%** | **South Africa - 0.9%** |  |
| MTN Group Ltd. | 35863 | 249291 |
| Sibanye Stillwater Ltd. <sup>(b)</sup> | 120931 | 184398 |
|  |  | 433689 |
| **South Korea - 6.0%** | **South Korea - 6.0%** |  |
| DB Insurance Co. Ltd. | 3834 | 279276 |
| Hana Financial Group, Inc. | 5391 | 284066 |
| Hyundai Glovis Co. Ltd. | 3596 | 295561 |
| KB Financial Group, Inc. | 4185 | 316370 |
| KT Corp. - ADR | 22388 | 421118 |
| KT Corp. | 91 | 3350 |
| KT&G Corp. | 3155 | 274865 |
| LG Electronics, Inc. | 2332 | 120175 |
| LG H&H Co. Ltd. | 713 | 168470 |
| LG Innotek Co. Ltd. | 1127 | 118361 |
| LG Uplus Corp. | 33276 | 308714 |
| Samsung Electronics Co. Ltd. | 4980 | 202853 |
|  |  | 2793179 |
| **Spain - 4.2%** | **Spain - 4.2%** |  |
| Acciona SA | 1667 | 268776 |
| Acerinox SA | 22934 | 271080 |
| Banco Santander SA | 55751 | 445079 |
| Bankinter SA | 31230 | 402117 |
| Gestamp Automocion SA <sup>(a)</sup> | 102582 | 341742 |
| Repsol SA | 16262 | 218898 |
|  |  | 1947692 |
| **Sweden - 5.0%** | **Sweden - 5.0%** |  |
| Billerud Aktiebolag | 27954 | 304414 |
| Boliden AB <sup>(b)</sup> | 8290 | 259329 |
| Intrum AB <sup>(b)</sup> | 30366 | 116720 |
| Norion Bank AB <sup>(b)</sup> | 57962 | 280229 |
| Polestar Automotive Holding UK PLC - ADR <sup>(b)</sup> | 15011 | 16512 |
| Skandinaviska Enskilda Banken AB - Class A | 19145 | 319418 |
| SKF AB - Class B | 11104 | 244157 |
| Svenska Handelsbanken AB - Class A | 26687 | 356450 |
| Volvo AB - Class B | 11222 | 311249 |
| Volvo Car AB <sup>(b)</sup> | 70436 | 127765 |
|  |  | 2336243 |
| **United Kingdom - 15.6%** | **United Kingdom - 15.6%** |  |
| Beazley PLC | 34202 | 434783 |
| Berkeley Group Holdings PLC | 4613 | 262286 |
| Breedon Group PLC | 52033 | 319826 |
| British American Tobacco PLC | 7530 | 338251 |
| Burberry Group PLC | 33936 | 473238 |
| Capri Holdings Ltd. <sup>(b)</sup> | 5839 | 105803 |
| CNH Industrial NV | 23352 | 292133 |
| Computacenter PLC | 7507 | 263382 |
| Drax Group PLC | 34157 | 304201 |
| GSK PLC | 12888 | 261684 |
| Howden Joinery Group PLC | 24566 | 284816 |
| IG Group Holdings PLC | 25019 | 378218 |
| Imperial Brands PLC - ADR | 10425 | 395733 |
| Inchcape PLC | 23409 | 214630 |
| JD Sports Fashion PLC | 116723 | 132292 |
| JET2 PLC | 18430 | 461867 |
| Johnson Matthey PLC | 14595 | 337640 |
| OSB Group PLC | 57129 | 375934 |
| Persimmon PLC | 15847 | 284614 |
| Pets at Home Group PLC | 85725 | 307926 |
| Shell PLC | 7879 | 260032 |
| TORM PLC - Class A | 12763 | 203953 |
| Vodafone Group PLC | 290257 | 300660 |
| Watches of Switzerland Group PLC <sup>(a)(b)</sup> | 43624 | 252152 |
|  |  | 7246054 |
| **United States - 24.5%** | **United States - 24.5%** |  |
| Advance Auto Parts, Inc. | 4170 | 199868 |
| AGCO Corp. | 2918 | 285906 |
| Albemarle Corp. | 1250 | 69700 |
| Alliance Resource Partners LP | 12936 | 336724 |
| AMN Healthcare Services, Inc. <sup>(b)</sup> | 5004 | 105634 |
| Arrow Electronics, Inc. <sup>(b)</sup> | 2085 | 246822 |
| AutoNation, Inc. <sup>(b)</sup> | 1667 | 306478 |
| Beazer Homes USA, Inc. <sup>(b)</sup> | 8710 | 178729 |
| Black Stone Minerals LP | 13761 | 183709 |
| Bread Financial Holdings, Inc. | 5421 | 277772 |
| Centene Corp. <sup>(b)</sup> | 3336 | 188284 |
| Cleveland-Cliffs, Inc. <sup>(b)</sup> | 16695 | 97332 |
| ConocoPhillips | 2507 | 213973 |
| Consensus Cloud Solutions, Inc. <sup>(b)</sup> | 7469 | 164094 |
| Crocs, Inc. <sup>(b)</sup> | 2505 | 255510 |
| CVS Health Corp. | 3335 | 213573 |
| Devon Energy Corp. | 4586 | 138772 |
| Dorian LPG Ltd. | 6254 | 133898 |
| Embecta Corp. | 13343 | 140502 |
| Employers Holdings, Inc. | 6269 | 305112 |
| First Interstate BancSystem, Inc. - Class A | 8757 | 237753 |
| FMC Corp. | 5517 | 223770 |
| General Motors Co. | 7088 | 351636 |
| GQG Partners, Inc. | 160369 | 217085 |
| HCI Group, Inc. | 2918 | 492471 |
| Heartland Express, Inc. | 22481 | 201205 |
| Helmerich & Payne, Inc. | 8367 | 127597 |
| Herbalife Ltd. <sup>(b)</sup> | 14454 | 112886 |
| HF Sinclair Corp. | 4600 | 166198 |
| HighPeak Energy, Inc. | 16643 | 164599 |
| Ionis Pharmaceuticals, Inc. <sup>(b)</sup> | 5848 | 195967 |
| Lamb Weston Holdings, Inc. | 4550 | 253799 |
| Ligand Pharmaceuticals, Inc. <sup>(b)</sup> | 2082 | 212760 |
| Malibu Boats, Inc. - Class A <sup>(b)</sup> | 7465 | 224995 |
| Matador Resources Co. | 5013 | 215609 |
| Noble Corp. PLC | 9590 | 237544 |
| Orion SA | 10843 | 118080 |
| PNC Financial Services Group, Inc. | 1685 | 292870 |
| ProFrac Holding Corp. - Class A <sup>(b)</sup> | 18348 | 153022 |
| Resideo Technologies, Inc. <sup>(b)</sup> | 12926 | 267568 |
| Simmons First National Corp. - Class A | 13724 | 257462 |
| Sirius XM Holdings, Inc. | 8340 | 180811 |
| StoneX Group, Inc. <sup>(b)</sup> | 6235 | 527824 |
| Tidewater, Inc. <sup>(b)</sup> | 4543 | 180403 |
| Tyson Foods, Inc. - Class A | 4586 | 257550 |
| U-Haul Holding Co. | 5441 | 310355 |
| UnitedHealth Group, Inc. | 731 | 220696 |
| Weis Markets, Inc. | 3753 | 284477 |
| Wintrust Financial Corp. | 2941 | 351185 |
| Zions Bancorp NA | 6679 | 316317 |
|  |  | 11396886 |
| **TOTAL COMMON STOCKS** (Cost $42,624,522) | **TOTAL COMMON STOCKS** (Cost $42,624,522) | 45045826 |
| **CLOSED-END FUNDS - 1.0%** | **Shares** | **Value** |
| Blue Owl Capital Corp. | 19598 | 287111 |
| Prospect Capital Corp. | 44578 | 146661 |
| **TOTAL CLOSED-END FUNDS** (Cost $466,048) | **TOTAL CLOSED-END FUNDS** (Cost $466,048) | 433772 |
| **PREFERRED STOCKS - 0.8%** | **Shares** | **Value**  |
| **Germany - 0.8%** | **Germany - 0.8%** |  |
|  Dr Ing hc F Porsche AG <sup>(a)</sup> | 2516 | 121299 |
|  Volkswagen AG | 2084 | 225648 |
| **TOTAL PREFERRED STOCKS** (Cost $360,125) | **TOTAL PREFERRED STOCKS** (Cost $360,125) | 346947 |
| **TOTAL INVESTMENTS - 98.7% (**Cost $43,450,695**)** | **TOTAL INVESTMENTS - 98.7% (**Cost $43,450,695**)** | 45826545 |
| Other Assets in Excess of Liabilities - 1.3% | Other Assets in Excess of Liabilities - 1.3% | 645036 |
| **TOTAL NET ASSETS - 100.0%** |  | $46471581 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| ASA - Advanced Subscription Agreement |
| LP - Limited Partnership |
| PLC - Public Limited Company |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of May 31, 2025, the value of these securities total $2,742,864 or 5.9% of the Fund's net assets.

(b) Non-income producing security.

------

#### <br>

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
Tweedy, Browne Insider + Value ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $45045826 | $– | $– | $45045826 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 433772 | – | – | 433772 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 346947 | – | – | 346947 |
| Total Investments | $45826545 | $– | $– | $45826545 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RBB Fund Trust

- **b. Investment Company Act file number:** 811-23011

- **c. CIK number of Registrant:** 0001618627

- **d. LEI of Registrant:** 549300LEC95RYURPL757

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 262-378-6278

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

- **a. Name of Series:** Tweedy, Browne Insider + Value ETF

- **b. EDGAR series identifier (if any):** S000089439

- **c. LEI of Series:** 5299007332ALIL0TXO40

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $43973277.10

**Total Liabilities:** $286958.57

**Net Assets:** $43686318.53

**Cash Not Reported:** $16206.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255972 | -0.96%               | 1.49%                | 7.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10362.12                | $-433801.67                                |
| Month 2  | $-39302.83               | $527017.19                                 |
| Month 3  | $-726.37                 | $2169807.02                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| U-Haul Holding Co                      | U-Haul Holding Co                      | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      5072 | NS      | $289306.88    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Winpak Ltd                             | Winpak Ltd                             | CUSIP: 97535P104<br>LEI: 549300FWDGJBHZHH8U59 | Long             | EC               | CORP              | CA        |      7447 | NS      | $239469.60    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                       | HF Sinclair Corp                       | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      4325 | NS      | $156262.25    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group Inc                          | HCI Group Inc                          | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |      2743 | NS      | $462936.11    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc                  | Heartland Express Inc                  | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |     21156 | NS      | $189346.20    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                  | Helmerich & Payne Inc                  | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |      7867 | NS      | $119971.75    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken          | Skandinaviska Enskilda Banken AB       | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |     18020 | NS      | $300648.17    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                          | Volkswagen AG                          | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EP               | CORP              | DE        |      1959 | NS      | $212113.23    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Television Francaise 1 SA              | Television Francaise 1 SA              | CUSIP: N/A<br>LEI: 969500WQFC6OAQYG7E65       | Long             | EC               | CORP              | FR        |     32545 | NS      | $314655.99    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance SE                     | Teleperformance SE                     | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |      1567 | NS      | $158424.09    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| UMS Integration Ltd                    | UMS Integration Ltd                    | CUSIP: Y9050L106<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    257604 | NS      | $233686.13    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd             | Samsung Electronics Co Ltd             | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      4623 | NS      | $188310.94    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd               | United Overseas Bank Ltd               | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     10354 | NS      | $284268.38    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp            | Simmons First National Corp            | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     12924 | NS      | $242454.24    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                 | Sirius XM Holdings Inc                 | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7840 | NS      | $169971.20    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                          | Tidewater Inc                          | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      4293 | NS      | $170475.03    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account | CUSIP: 8AMMF0A92<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    519571 | NS      | $519571.43    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                        | Tyson Foods Inc                        | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |      4311 | NS      | $242105.76    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                 | UnitedHealth Group Inc                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       686 | NS      | $207110.26    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                | Wintrust Financial Corp                | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      2766 | NS      | $330288.06    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                       | Zions Bancorp NA                       | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |      6279 | NS      | $297373.44    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hana Financial Group Inc               | Hana Financial Group Inc               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      5059 | NS      | $266571.94    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilmar International Ltd               | Wilmar International Ltd               | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |     70389 | NS      | $166455.86    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SKF AB                                 | SKF AB                                 | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |     10454 | NS      | $229864.89    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                               | Volvo AB                               | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     10572 | NS      | $293220.97    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Zignago Vetro SpA                      | Zignago Vetro SpA                      | CUSIP: N/A<br>LEI: 815600DFC29A91FF0C71       | Long             | EC               | CORP              | IT        |     18033 | NS      | $170561.13    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp                    | Tourmaline Oil Corp                    | CUSIP: 89156V106<br>LEI: 894500A5J1WTJ2WIUU03 | Long             | EC               | CORP              | CA        |      4311 | NS      | $194385.31    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Tamarack Valley Energy Ltd             | Tamarack Valley Energy Ltd             | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |     74087 | NS      | $235916.63    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| X-Fab Silicon Foundries SE             | X-Fab Silicon Foundries SE             | CUSIP: N/A<br>LEI: 5493003UDPENPUQBJH65       | Long             | EC               | CORP              | BE        |     33713 | NS      | $196755.82    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Umicore SA                             | Umicore SA                             | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |     15664 | NS      | $171631.52    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                     | Vodafone Group PLC                     | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |    272857 | NS      | $282636.03    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanlorenzo SpA/Ameglia                 | Sanlorenzo SpA/Ameglia                 | CUSIP: N/A<br>LEI: 8156006C71E895860132       | Long             | EC               | CORP              | IT        |      7055 | NS      | $243521.70    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Verallia SA                            | Verallia SA                            | CUSIP: N/A<br>LEI: 5299007YZU978DE0ZY32       | Long             | EC               | CORP              | FR        |      6271 | NS      | $199086.15    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd                 | Sibanye Stillwater Ltd                 | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |    113681 | NS      | $173342.58    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GQG Partners Inc                       | GQG Partners Inc                       | CUSIP: N/A<br>LEI: 254900I3AQSQQQA75U50       | Long             | EC               | CORP              | US        |    150769 | NS      | $204089.92    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                | GSK PLC                                | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     12138 | NS      | $246456.02    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Schaeffler AG                          | Schaeffler AG                          | CUSIP: N/A<br>LEI: 549300Q7E782X7GC1P43       | Long             | EC               | CORP              | DE        |     33712 | NS      | $162299.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                              | Shell PLC                              | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |      7429 | NS      | $245181.02    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Semirara Mining & Power Corp           | Semirara Mining & Power Corp           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | PH        |    403200 | NS      | $234859.75    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo Car AB                           | Volvo Car AB                           | CUSIP: N/A<br>LEI: 5299000EAMGGBEYP7J33       | Long             | EC               | CORP              | SE        |     66236 | NS      | $120147.08    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Handelsbanken AB               | Svenska Handelsbanken AB               | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |     25087 | NS      | $335079.49    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Ltd                          | Herbalife Ltd                          | CUSIP: N/A<br>LEI: 549300BA7TYPBSZZIA41       | Long             | EC               | CORP              | US        |     13604 | NS      | $106247.24    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TORM PLC                               | TORM PLC                               | CUSIP: N/A<br>LEI: 213800VL1H1ABVM1ZF63       | Long             | EC               | CORP              | GB        |     11888 | NS      | $189970.24    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hafnia Ltd                             | Hafnia Ltd                             | CUSIP: N/A<br>LEI: 5493001KCFT0SCGJ2647       | Long             | EC               | CORP              | SG        |     47825 | NS      | $241994.50    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                              | AGCO Corp                              | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      2743 | NS      | $268759.14    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc            | AMN Healthcare Services Inc            | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      4704 | NS      | $99301.44     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                 | Advance Auto Parts Inc                 | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      3920 | NS      | $187885.60    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                         | Albemarle Corp                         | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      1175 | NS      | $65518.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Resource Partners LP          | Alliance Resource Partners LP          | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |     12161 | NS      | $316550.83    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                  | Arrow Electronics Inc                  | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      1960 | NS      | $232024.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                         | AutoNation Inc                         | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1567 | NS      | $288092.95    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Persimmon PLC                          | Persimmon PLC                          | CUSIP: N/A<br>LEI: 213800XI72Y57UWN6F31       | Long             | EC               | CORP              | GB        |     14897 | NS      | $267551.89    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential PLC                         | Prudential PLC                         | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | HK        |     22407 | NS      | $255044.92    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Atco Ltd/Canada                        | Atco Ltd/Canada                        | CUSIP: 046789400<br>LEI: 5299005SPZ1QYL51JD25 | Long             | EC               | CORP              | CA        |      7839 | NS      | $294058.89    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                | National Bank of Canada                | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |      3136 | NS      | $308652.69    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corp of Canada                   | Power Corp of Canada                   | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |      7839 | NS      | $303369.61    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemira Oyj                             | Kemira Oyj                             | CUSIP: N/A<br>LEI: 74370031Y7RK5H88CQ48       | Long             | EC               | CORP              | FI        |      9862 | NS      | $216677.11    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                    | Imperial Brands PLC                    | CUSIP: 45262P102<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |      9800 | NS      | $372008.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc              | Ionis Pharmaceuticals Inc              | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |      5498 | NS      | $184237.98    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp                                | KT Corp                                | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     21063 | NS      | $396195.03    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Puma SE                                | Puma SE                                | CUSIP: N/A<br>LEI: 529900GRZ2BQY5ZM9N49       | Long             | EC               | CORP              | DE        |      8285 | NS      | $214483.77    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc               | Lamb Weston Holdings Inc               | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      4300 | NS      | $239854.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                 | Mercedes-Benz Group AG                 | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |      3136 | NS      | $187260.55    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona SA                             | Acciona SA                             | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               | CORP              | ES        |      1567 | NS      | $252652.97    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc                       | Malibu Boats Inc                       | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7040 | NS      | $212185.60    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                              | Repsol SA                              | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     15287 | NS      | $205774.19    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                   | Matador Resources Co                   | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      4713 | NS      | $202706.13    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropole Television SA                | Metropole Television SA                | CUSIP: N/A<br>LEI: 96950018NOMJX5XRH047       | Long             | EC               | CORP              | FR        |     18412 | NS      | $259232.66    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KT&G Corp                              | KT&G Corp                              | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |      2960 | NS      | $257876.35    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LG H&H Co Ltd                          | LG H&H Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       669 | NS      | $158073.49    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp                                | KT Corp                                | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |        91 | NS      | $3350.58      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Electronics Inc                     | LG Electronics Inc                     | CUSIP: N/A<br>LEI: 988400RMQFTGZIOG0609       | Long             | EC               | CORP              | KR        |      2157 | NS      | $111156.56    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN Group Ltd                          | MTN Group Ltd                          | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |     33713 | NS      | $234345.89    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| New Hope Corp Ltd                      | New Hope Corp Ltd                      | CUSIP: N/A<br>LEI: 254900DHRUGXZSLSNZ83       | Long             | EC               | CORP              | AU        |     58802 | NS      | $141001.99    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I         | PNC Financial Services Group Inc/The   | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      1585 | NS      | $275488.85    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Polestar Automotive Holding UK         | Polestar Automotive Holding UK PLC     | CUSIP: 731105201<br>LEI: 894500HDA1DJKHYN4D83 | Long             | EC               | CORP              | SE        |     14111 | NS      | $15522.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt                          | OTP Bank Nyrt                          | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      4680 | NS      | $354940.07    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrum AB                              | Intrum AB                              | CUSIP: N/A<br>LEI: 549300UNCO2FCUWXX470       | Long             | EC               | CORP              | SE        |     28566 | NS      | $109801.04    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ProFrac Holding Corp                   | ProFrac Holding Corp                   | CUSIP: 74319N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17248 | NS      | $143848.32    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Prospect Capital Corp                  | Prospect Capital Corp                  | CUSIP: 74348T102<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EC               | CORP              | US        |     41928 | NS      | $137943.12    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc               | Resideo Technologies Inc               | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     12151 | NS      | $251525.70    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Acerinox SA                            | Acerinox SA                            | CUSIP: N/A<br>LEI: 95980020140005582721       | Long             | EC               | CORP              | ES        |     21559 | NS      | $254827.57    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Jyske Bank A/S                         | Jyske Bank A/S                         | CUSIP: N/A<br>LEI: 3M5E1GQGKL17HI6CPN30       | Long             | EC               | CORP              | DK        |      3137 | NS      | $294362.33    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| IG Group Holdings PLC                  | IG Group Holdings PLC                  | CUSIP: N/A<br>LEI: 2138003A5Q1M7ANOUD76       | Long             | EC               | CORP              | GB        |     23519 | NS      | $355541.88    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Resources Ltd                | Paramount Resources Ltd                | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |     10175 | NS      | $141242.21    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Glovis Co Ltd                  | Hyundai Glovis Co Ltd                  | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |      3374 | NS      | $277315.07    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Altri SGPS SA                          | Altri SGPS SA                          | CUSIP: N/A<br>LEI: 213800AKSTYRLHY3X497       | Long             | EC               | CORP              | PT        |     41944 | NS      | $252889.87    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| JET2 PLC                               | JET2 PLC                               | CUSIP: N/A<br>LEI: I72RQ3PNLDPW8R7JIJ56       | Long             | EC               | CORP              | GB        |     17236 | NS      | $431945.03    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AMG Critical Materials NV              | AMG Critical Materials NV              | CUSIP: N/A<br>LEI: 5493006MN6OH67U2YI74       | Long             | EC               | CORP              | NL        |      5583 | NS      | $118860.07    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Financial Group Inc                 | KB Financial Group Inc                 | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |      3927 | NS      | $296866.06    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mullen Group Ltd                       | Mullen Group Ltd                       | CUSIP: 625284104<br>LEI: 549300KLU7H5NA3I5P62 | Long             | EC               | CORP              | CA        |     25088 | NS      | $255020.66    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Parex Resources Inc                    | Parex Resources Inc                    | CUSIP: 69946Q104<br>LEI: 549300U7LWRGTY6XWK67 | Long             | EC               | CORP              | CA        |     14505 | NS      | $143427.59    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Inchcape PLC                           | Inchcape PLC                           | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |     22009 | NS      | $201793.65    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HUGO BOSS AG                           | HUGO BOSS AG                           | CUSIP: N/A<br>LEI: 529900LFVU534EBRXD13       | Long             | EC               | CORP              | DE        |      6257 | NS      | $289863.41    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ProSiebenSat.1 Media SE                | ProSiebenSat.1 Media SE                | CUSIP: N/A<br>LEI: 529900NY0WWQUKOMWQ37       | Long             | EC               | CORP              | DE        |     35260 | NS      | $283253.85    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC            | MOL Hungarian Oil & Gas PLC            | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |     27576 | NS      | $238443.14    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                            | Nutrien Ltd                            | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      4338 | NS      | $256293.98    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubis SCA                              | Rubis SCA                              | CUSIP: N/A<br>LEI: 969500MGFIKUGLTC9742       | Long             | EC               | CORP              | FR        |      8011 | NS      | $260875.29    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Norion Bank AB                         | Norion Bank AB                         | CUSIP: N/A<br>LEI: 529900AGWAKUTYNETM62       | Long             | EC               | CORP              | SE        |     54487 | NS      | $263428.14    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SAF-Holland SE                         | SAF-Holland SE                         | CUSIP: N/A<br>LEI: 222100QJQLUJHWREL058       | Long             | EC               | CORP              | DE        |     17628 | NS      | $326655.72    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MFE-MediaForEurope NV                  | MFE-MediaForEurope NV                  | CUSIP: N/A<br>LEI: 213800DIFN7NR7B97A50       | Long             | EC               | CORP              | IT        |     46995 | NS      | $226141.19    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| OSB Group PLC                          | OSB Group PLC                          | CUSIP: N/A<br>LEI: 213800ZBKL9BHSL2K459       | Long             | EC               | CORP              | GB        |     53704 | NS      | $353395.76    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Sports Fashion PLC                  | JD Sports Fashion PLC                  | CUSIP: G5144Y120<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |    109748 | NS      | $124386.98    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Matthey PLC                    | Johnson Matthey PLC                    | CUSIP: N/A<br>LEI: 2138001AVBSD1HSC6Z10       | Long             | EC               | CORP              | GB        |     13720 | NS      | $317397.47    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                         | Noble Corp PLC                         | CUSIP: N/A<br>LEI: 549300I3HBUNXO0OG954       | Long             | EC               | CORP              | US        |      8946 | NS      | $221592.42    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion SA                               | Orion SA                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     10193 | NS      | $111001.77    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA Inc                   | Beazer Homes USA Inc                   | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |      8210 | NS      | $168469.20    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Stella-Jones Inc                       | Stella-Jones Inc                       | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               | CORP              | CA        |      5076 | NS      | $286987.17    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                               | FMC Corp                               | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      5192 | NS      | $210587.52    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem In         | First Interstate BancSystem Inc        | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |      8232 | NS      | $223498.80    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                      | General Motors Co                      | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      6663 | NS      | $330551.43    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sopra Steria Group                     | Sopra Steria Group                     | CUSIP: N/A<br>LEI: 96950020QIOHAAK9V551       | Long             | EC               | CORP              | FR        |      1138 | NS      | $245248.04    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Colruyt Group N.V                      | Colruyt Group N.V                      | CUSIP: N/A<br>LEI: 5493000O0NZ1BCXO8K39       | Long             | EC               | CORP              | BE        |      5476 | NS      | $246967.47    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendel SE                              | Wendel SE                              | CUSIP: N/A<br>LEI: 969500M98ZMIZYJD5O34       | Long             | EC               | CORP              | FR        |      2732 | NS      | $265689.95    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                       | StoneX Group Inc                       | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      5838 | NS      | $494215.89    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Weis Markets Inc                       | Weis Markets Inc                       | CUSIP: 948849104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3528 | NS      | $267422.40    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc                 | Whitecap Resources Inc                 | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |     32144 | NS      | $200497.42    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Gestamp Automocion SA                  | Gestamp Automocion SA                  | CUSIP: N/A<br>LEI: 95980020140005484363       | Long             | EC               | CORP              | ES        |     96432 | NS      | $321253.86    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Befesa SA                              | Befesa SA                              | CUSIP: N/A<br>LEI: 222100VXGA8L6J4ZWG61       | Long             | EC               | CORP              | LU        |     10585 | NS      | $327389.72    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Watches of Switzerland Group P         | Watches of Switzerland Group PLC       | CUSIP: N/A<br>LEI: 2138008ZOT5K9PJW7168       | Long             | EC               | CORP              | GB        |     41024 | NS      | $237123.36    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduit Holdings Ltd                   | Conduit Holdings Ltd                   | CUSIP: N/A<br>LEI: 21380085AE62D1BXSF19       | Long             | EC               | CORP              | BM        |     36052 | NS      | $182397.28    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Coface SA                              | Coface SA                              | CUSIP: N/A<br>LEI: 96950025N07LTJYFSN57       | Long             | EC               | CORP              | FR        |     15276 | NS      | $285673.74    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkeley Group Holdings PLC            | Berkeley Group Holdings PLC            | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |      4338 | NS      | $246649.96    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Stabilus SE                            | Stabilus SE                            | CUSIP: N/A<br>LEI: 529900JOSL94HJN4VZ28       | Long             | EC               | CORP              | DE        |      7848 | NS      | $227675.85    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Computacenter PLC                      | Computacenter PLC                      | CUSIP: N/A<br>LEI: 549300XSXUZ1I19DB105       | Long             | EC               | CORP              | GB        |      7057 | NS      | $247594.02    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC                            | Beazley PLC                            | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |     32152 | NS      | $408722.88    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Howden Joinery Group PLC               | Howden Joinery Group PLC               | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |     23116 | NS      | $268004.82    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Montreal                       | Bank of Montreal                       | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | CORP              | CA        |      2358 | NS      | $253214.17    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HighPeak Energy Inc                    | HighPeak Energy Inc                    | CUSIP: 43114Q105<br>LEI: 549300J4RNCV140DUY76 | Long             | EC               | CORP              | US        |     15668 | NS      | $154956.52    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc             | Ligand Pharmaceuticals Inc             | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      1948 | NS      | $199066.12    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                     | Banco Santander SA                     | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     52135 | NS      | $416210.99    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Uplus Corp                          | LG Uplus Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     31226 | NS      | $289695.44    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Financial Group Ltd           | Magellan Financial Group Ltd           | CUSIP: N/A<br>LEI: 549300X5WFW6USQQ9U26       | Long             | EC               | CORP              | AU        |     36456 | NS      | $196691.09    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Piaggio & C SpA                        | Piaggio & C SpA                        | CUSIP: N/A<br>LEI: 8156000256C2431C2E92       | Long             | EC               | CORP              | IT        |     88208 | NS      | $182182.96    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Innotek Co Ltd                      | LG Innotek Co Ltd                      | CUSIP: N/A<br>LEI: 988400KTHH2LMUX7EB48       | Long             | EC               | CORP              | KR        |      1057 | NS      | $111009.13    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Peyto Exploration & Developmen         | Peyto Exploration & Development Corp   | CUSIP: 717046106<br>LEI: 98450004AE67F646C503 | Long             | EC               | CORP              | CA        |     26803 | NS      | $361318.54    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Pets at Home Group Plc                 | Pets at Home Group Plc                 | CUSIP: N/A<br>LEI: 2138003Y9ULD24PD3J93       | Long             | EC               | CORP              | GB        |     79975 | NS      | $287272.10    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Pirelli & C SpA                        | Pirelli & C SpA                        | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |     44272 | NS      | $316691.76    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc           | Bread Financial Holdings Inc           | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |      5096 | NS      | $261119.04    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC           | British American Tobacco PLC           | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |      7080 | NS      | $318037.19    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Stone Minerals LP                | Black Stone Minerals LP                | CUSIP: 09225M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12936 | NS      | $172695.60    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                        | CVS Health Corp                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      3135 | NS      | $200765.40    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                           | Centene Corp                           | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      3136 | NS      | $176995.84    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                   | Cleveland-Cliffs Inc                   | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     15695 | NS      | $91501.85     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Nova Scotia/The                | Bank of Nova Scotia/The                | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |      4680 | NS      | $250411.63    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                         | ConocoPhillips                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      2357 | NS      | $201169.95    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions Inc          | Consensus Cloud Solutions Inc          | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7044 | NS      | $154756.68    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CIBC                                   | Canadian Imperial Bank of Commerce     | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |      5096 | NS      | $346937.21    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                              | Crocs Inc                              | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      2340 | NS      | $238680.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                      | Devon Energy Corp                      | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      4311 | NS      | $130450.86    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp                           | Embecta Corp                           | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     12543 | NS      | $132077.79    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                 | Employers Holdings Inc                 | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5894 | NS      | $286860.98    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC                     | Burberry Group PLC                     | CUSIP: N/A<br>LEI: 213800PE1KEFCNFR1R50       | Long             | EC               | CORP              | GB        |     31754 | NS      | $442810.43    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouygues SA                            | Bouygues SA                            | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |      6271 | NS      | $273351.83    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DHL Group                              | DHL Group                              | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |      6703 | NS      | $299641.32    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                               | Bayer AG                               | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |      3920 | NS      | $110094.36    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa AG                  | Deutsche Lufthansa AG                  | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |     22735 | NS      | $181888.26    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                    | Erste Group Bank AG                    | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |      6246 | NS      | $502468.58    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankinter SA                           | Bankinter SA                           | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |     29380 | NS      | $378296.15    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                              | Buzzi SpA                              | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |      3966 | NS      | $203634.02    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co Ltd                    | DB Insurance Co Ltd                    | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |      3598 | NS      | $262085.24    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp                  | Blue Owl Capital Corp                  | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |     18423 | NS      | $269896.95    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurazeo SE                             | Eurazeo SE                             | CUSIP: N/A<br>LEI: 969500C656AA39O94N60       | Long             | EC               | CORP              | FR        |      3947 | NS      | $275843.18    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Billerud Aktiebolag                    | Billerud Aktiebolag                    | CUSIP: N/A<br>LEI: 549300YJUYJ9A24RXL71       | Long             | EC               | CORP              | SE        |     26279 | NS      | $286173.14    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Precious Metals Inc             | Dundee Precious Metals Inc             | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     31335 | NS      | $482919.99    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Drax Group PLC                         | Drax Group PLC                         | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |     32132 | NS      | $286166.15    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                            | Brenntag SE                            | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |      2754 | NS      | $186495.62    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                     | Cenovus Energy Inc                     | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     13884 | NS      | $182914.50    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BFF Bank SpA                           | BFF Bank SpA                           | CUSIP: N/A<br>LEI: 815600522538355AE429       | Long             | EC               | CORP              | IT        |     22343 | NS      | $230353.28    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG                 | Dr Ing hc F Porsche AG                 | CUSIP: N/A<br>LEI: 529900EWEX125AULXI58       | Long             | EP               | CORP              | DE        |      2366 | NS      | $114067.47    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Breedon Group PLC                      | Breedon Group PLC                      | CUSIP: N/A<br>LEI: 213800DQGNQE3X76WS92       | Long             | EC               | CORP              | GB        |     48592 | NS      | $298675.16    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| DNB Bank ASA                           | DNB Bank ASA                           | CUSIP: N/A<br>LEI: 549300GKFG0RYRRQ1414       | Long             | EC               | CORP              | NO        |     12544 | NS      | $335861.75    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG               | Daimler Truck Holding AG               | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |      5017 | NS      | $217664.80    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas AG                             | Douglas AG                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |     11992 | NS      | $164484.75    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                             | Boliden AB                             | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |      7815 | NS      | $244469.67    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Brembo NV                              | Brembo NV                              | CUSIP: N/A<br>LEI: 549300BLWVJN2BAT0A44       | Long             | EC               | CORP              | IT        |     25851 | NS      | $236580.78    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                         | BAWAG Group AG                         | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |      5091 | NS      | $632971.69    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                     | Capri Holdings Ltd                     | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | GB        |      5489 | NS      | $99460.68     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                      | CNH Industrial NV                      | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |     21952 | NS      | $274619.52    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd                         | Dorian LPG Ltd                         | CUSIP: N/A<br>LEI: 549300WP1W2WGMC7F395       | Long             | EC               | CORP              | US        |      5879 | NS      | $125869.39    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

**Name of Applicant:** RBB Fund Trust

**Signature:** /s/ James G. Shaw

**Name of Signer:** RBB Fund Trust

**Title:** CFO COO Secretary