# EDGAR Filing Document

**Accession Number:** 0001616668
**File Stem:** 0001145549-23-018712
**Filing Date:** 2023-3
**Character Count:** 142877
**Document Hash:** bdb3e22883830cefedb8593c9e87513f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-018712.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001145549-23-018712

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pacer Funds Trust
- **CENTRAL INDEX KEY:** 0001616668
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23024
- **FILM NUMBER:** 23768054

**BUSINESS ADDRESS:**
- **STREET 1:** 500 CHESTERFIELD PARKWAY
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355
- **BUSINESS PHONE:** 610-644-8100

**MAIL ADDRESS:**
- **STREET 1:** 500 CHESTERFIELD PARKWAY
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355

## Series and Classes Contracts Data

### Pacer Trendpilot European Index ETF (Series ID: S000051998)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000163549 | Pacer Trendpilot European Index ETF | PTEU            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Pacer Trendpilot European Index ETF** | | |
| **Schedule of Investments** | | |
| **January 31, 2023 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 97.2%** | | |
| **Austria - 0.7%** | | |
| Andritz AG | 558 | $33243 |
| Erste Group Bank AG | 2622 | 99055 |
| OMV AG | 1142 | 56924 |
| Raiffeisen Bank International AG (a) | 1038 | 18574 |
| Telekom Austria AG | 1094 | 7338 |
| Verbund AG | 528 | 44802 |
| voestalpine AG | 924 | 30537 |
|  |  | 290473 |
| **Belgium - 2.6%** |  |  |
| Ackermans & van Haaren NV | 180 | 31095 |
| Ageas SA/NV | 1472 | 71628 |
| Anheuser-Busch InBev SA/NV - ADR (b) | 6814 | 410816 |
| D'ieteren Group | 180 | 34226 |
| Elia Group SA/NV | 302 | 42287 |
| Etablissements Franz Colruyt NV | 396 | 10457 |
| Groupe Bruxelles Lambert SA | 802 | 68374 |
| KBC Groep NV | 2208 | 162892 |
| Proximus SADP | 1122 | 11481 |
| Sofina SA | 124 | 29334 |
| Solvay SA | 558 | 64697 |
| UCB SA | 972 | 79654 |
| Umicore SA | 1642 | 61818 |
| Viohalco SA | 520 | 2640 |
|  |  | 1081399 |
| **Finland - 4.1%** |  |  |
| Elisa OYJ | 1152 | 65600 |
| Fortum Oyj | 3462 | 51996 |
| Huhtamaki OYJ | 746 | 27834 |
| Kesko OYJ - Class B | 2170 | 50414 |
| Kojamo Oyj | 1566 | 24005 |
| Kone Oyj - Class B | 3150 | 171362 |
| Metso Outotec Oyj | 4856 | 55511 |
| Neste Oyj | 3338 | 159054 |
| Nokia Oyj - ADR (b) | 44099 | 209911 |
| Nordea Bank Abp | 28768 | 335643 |
| Orion OYJ - Class B | 830 | 44386 |
| Sampo OYJ - Class A | 3924 | 205491 |
| Stora Enso Oyj - Class R | 4602 | 65515 |
| UPM-Kymmene Oyj | 4272 | 154423 |
| Valmet Oyj | 1340 | 41911 |
| Wartsila OYJ Abp | 3894 | 36915 |
|  |  | 1699971 |
| **France - 33.2%** |  |  |
| Accor SA (a) | 1472 | 47640 |
| Aeroports de Paris (a) | 228 | 35259 |
| Airbus SE - ADR | 17618 | 551796 |
| Air Liquide SA | 4040 | 641505 |
| ALD SA (c) | 652 | 8180 |
| Alstom SA | 2424 | 71679 |
| Amundi SA (c) | 462 | 30136 |
| Arkema SA | 520 | 52439 |
| AXA SA | 14598 | 454124 |
| BioMerieux | 350 | 35524 |
| BNP Paribas SA - ADR | 16864 | 578773 |
| Bollore SA | 7920 | 44170 |
| Bouygues SA | 1688 | 55494 |
| Bureau Veritas SA | 2282 | 65098 |
| Capgemini SE | 1284 | 242746 |
| Carrefour SA | 4734 | 89910 |
| Cie de Saint-Gobain | 3678 | 210122 |
| Cie Generale des Etablissements Michelin SCA | 5610 | 176593 |
| Credit Agricole SA | 9702 | 116402 |
| Danone SA | 4884 | 267127 |
| Dassault Aviation SA | 190 | 32368 |
| Dassault Systemes SE | 5346 | 197953 |
| Edenred | 1990 | 108149 |
| Eiffage SA | 594 | 63259 |
| Electricite de France SA | 5026 | 65923 |
| Engie SA | 13314 | 188455 |
| EssilorLuxottica SA | 2355 | 429862 |
| Eurazeo SE | 388 | 27101 |
| Faurecia (a) | 1264 | 24927 |
| Getlink SE | 3660 | 61793 |
| Hermes International | 246 | 458522 |
| Ipsen SA | 274 | 28715 |
| JCDecaux SA (a) | 586 | 13238 |
| Kering | 586 | 363447 |
| La Francaise des Jeux SAEM (c) | 698 | 29784 |
| Legrand SA | 2142 | 190299 |
| L'Oreal SA | 1952 | 802263 |
| LVMH Moet Hennessy Louis Vuitton SE - ADR | 9883 | 1726461 |
| Neoen SA (c) | 350 | 13063 |
| Orange SA | 15360 | 162343 |
| Pernod Ricard SA | 1611 | 332589 |
| Publicis Groupe SA | 1820 | 128095 |
| Remy Cointreau SA | 198 | 37153 |
| Renault SA (a) | 1538 | 62266 |
| Rexel SA | 1924 | 42377 |
| Safran SA | 2792 | 400054 |
| Sanofi - ADR | 17250 | 847665 |
| Sartorius Stedim Biotech | 190 | 65871 |
| Schneider Electric SE | 4207 | 678360 |
| SCOR SE | 1198 | 29486 |
| SEB SA | 246 | 25634 |
| Societe Generale SA | 6072 | 180079 |
| Sodexo SA | 698 | 69069 |
| SOITEC (a) | 198 | 29824 |
| Somfy SA (d) | 66 | 10260 |
| Teleperformance | 462 | 128077 |
| Thales SA | 802 | 105848 |
| TotalEnergies SE - ADR | 18688 | 1159404 |
| Ubisoft Entertainment SA (a) | 756 | 15558 |
| Valeo | 1934 | 42019 |
| Veolia Environnement SA | 4998 | 147684 |
| Vinci SA | 3918 | 441448 |
| Vivendi SE | 5582 | 59823 |
| Wendel SA | 218 | 22989 |
| Worldline SA/France (a)(c) | 1962 | 88604 |
|  |  | 13912878 |
| **Germany - 23.9%** |  |  |
| adidas AG - ADR (b) | 2609 | 208850 |
| Allianz SE | 3234 | 770670 |
| BASF SE | 7260 | 413576 |
| Bayer AG - ADR | 30952 | 482232 |
| Bayerische Motoren Werke AG | 2574 | 260887 |
| Bechtle AG | 660 | 27675 |
| Beiersdorf AG | 802 | 97303 |
| Brenntag SE | 1236 | 91856 |
| Carl Zeiss Meditec AG | 294 | 42174 |
| Commerzbank AG (a) | 8336 | 94838 |
| Continental AG | 868 | 60695 |
| Covestro AG (c) | 1416 | 64839 |
| CTS Eventim AG & Co. KGaA (a) | 472 | 32994 |
| Daimler AG | 6676 | 494618 |
| Daimler Truck Holding AG (a) | 3366 | 112598 |
| Delivery Hero SE (a)(c) | 1528 | 91729 |
| Deutsche Bank AG | 16236 | 215482 |
| Deutsche Boerse AG | 1472 | 262846 |
| Deutsche Lufthansa AG (a) | 4790 | 50569 |
| Deutsche Post AG | 7666 | 328195 |
| Deutsche Telekom AG | 26882 | 597644 |
| Deutsche Wohnen SE | 396 | 9321 |
| DWS Group GmbH & Co. KGaA (c) | 274 | 9812 |
| E.ON SE | 17746 | 192655 |
| Evonik Industries AG | 1528 | 33821 |
| Evotec SE (a) | 1264 | 24721 |
| Fielmann AG | 198 | 7444 |
| Fraport AG Frankfurt Airport Services Worldwide (a) | 284 | 16074 |
| Fresenius Medical Care AG & Co KGaA - ADR | 3005 | 56284 |
| Fresenius SE & Co. KGaA | 3272 | 94371 |
| Fuchs Petrolub SE | 274 | 9055 |
| GEA Group AG | 1312 | 58979 |
| Hannover Rueck SE | 482 | 97570 |
| HeidelbergCement AG | 1160 | 79196 |
| Hella GmbH & Co. KGaA | 180 | 15117 |
| HelloFresh SE (a) | 1312 | 31636 |
| Henkel AG & Co. KGaA | 812 | 54113 |
| HOCHTIEF AG | 170 | 10734 |
| Infineon Technologies AG | 10316 | 369142 |
| KION Group AG | 632 | 25332 |
| Knorr-Bremse AG | 528 | 34533 |
| Lanxess AG | 690 | 34221 |
| LEG Immobilien SE | 594 | 46224 |
| Merck KGaA | 1038 | 215592 |
| Metro AG (a) | 1048 | 10277 |
| MTU Aero Engines AG | 426 | 105963 |
| Muenchener Rueckversicherungs-Gesellschaft AG | 1122 | 403746 |
| Nemetschek SE | 434 | 23058 |
| Puma SE | 802 | 54371 |
| Rational AG | 38 | 24870 |
| Rheinmetall AG | 350 | 81427 |
| RWE AG | 5054 | 224173 |
| SAP SE - ADR (b) | 8712 | 1032633 |
| Sartorius AG | 20 | 7338 |
| Scout24 SE (c) | 624 | 36212 |
| Siemens AG - ADR | 11938 | 932119 |
| Siemens Energy AG | 3432 | 71338 |
| Siemens Healthineers AG | 2216 | 118215 |
| Sixt SE | 104 | 12878 |
| Symrise AG | 1048 | 111062 |
| Talanx AG | 426 | 21007 |
| Telefonica Deutschland Holding AG | 7186 | 21124 |
| ThyssenKrupp AG | 3952 | 30857 |
| Traton SE | 406 | 6991 |
| Uniper SE | 708 | 2195 |
| United Internet AG | 868 | 20090 |
| Vantage Towers AG (b) | 746 | 27234 |
| Varta AG (b) | 114 | 3448 |
| Volkswagen AG | 228 | 39795 |
| Vonovia SE | 6384 | 179547 |
| Wacker Chemie AG | 124 | 18664 |
| Zalando SE (a) (c) | 1774 | 82139 |
|  |  | 10030988 |
| **Greece - 0.6%** |  |  |
| Aegean Airlines SA (a) | 294 | 2078 |
| Alpha Services and Holdings SA (a) | 17132 | 23160 |
| Athens Water Supply & Sewage Co SA | 330 | 2511 |
| Autohellas Tourist and Trading SA | 152 | 1702 |
| Ellaktor SA (a) | 670 | 1530 |
| Eurobank Ergasias SA (a) | 20424 | 27533 |
| FF Group (a)(d) | 1259 | 6570 |
| GEK Terna Holding Real Estate Construction SA | 416 | 5635 |
| Hellenic Petroleum Holdings SA | 472 | 3972 |
| Hellenic Telecommunications Organization SA | 1736 | 27309 |
| Holding Co ADMIE IPTO SA | 906 | 1956 |
| Jumbo SA | 878 | 15730 |
| LAMDA Development (a) | 558 | 3804 |
| Motor Oil Hellas Corinth Refineries SA | 444 | 10812 |
| Mytilineos SA | 822 | 21179 |
| National Bank of Greece SA (a) | 4376 | 20675 |
| OPAP SA | 1490 | 22321 |
| Piraeus Financial Holdings SA (a) | 4640 | 9529 |
| Public Power Corp SA (a) | 1716 | 13618 |
| Quest Holdings SA | 218 | 1247 |
| Sarantis SA | 256 | 2143 |
| Terna Energy SA | 416 | 9045 |
|  |  | 234059 |
| **Ireland - 0.8%** |  |  |
| AIB Group PLC | 8354 | 34875 |
| Bank of Ireland Group PLC | 7308 | 77748 |
| Glanbia PLC | 1482 | 18045 |
| Kerry Group PLC | 1236 | 115479 |
| Kingspan Group PLC | 1208 | 77220 |
|  |  | 323367 |
| **Italy - 6.0%** |  |  |
| A2A SpA | 12220 | 18320 |
| Amplifon SpA | 1038 | 28516 |
| Assicurazioni Generali SpA | 11052 | 215071 |
| Banca Mediolanum SpA | 1924 | 18336 |
| Buzzi Unicem SpA | 690 | 15483 |
| De' Longhi SpA | 558 | 12836 |
| DiaSorin SpA | 180 | 23336 |
| Enel SpA | 62286 | 365046 |
| Eni SpA - ADR (b) | 9538 | 294724 |
| FinecoBank Banca Fineco SpA | 4894 | 87522 |
| Hera SpA | 6300 | 18020 |
| Infrastrutture Wireless Italiane SpA (c) | 2820 | 30795 |
| Interpump Group SpA | 642 | 33348 |
| Intesa Sanpaolo SpA | 133076 | 348662 |
| Italgas SpA | 3932 | 22934 |
| Leonardo SpA | 3206 | 32951 |
| Mediobanca Banca di Credito Finanziario SpA | 5196 | 55675 |
| Moncler SpA | 1632 | 101485 |
| Nexi SpA (a)(c) | 6072 | 53205 |
| Pirelli & C SpA (c) | 3924 | 19564 |
| Poste Italiane SpA (c) | 3660 | 38938 |
| Prysmian SpA | 2112 | 85872 |
| Recordati Industria Chimica e Farmaceutica SpA | 784 | 34204 |
| Reply SpA | 180 | 23267 |
| Snam SpA | 17858 | 90742 |
| Telecom Italia SpA (a) | 86018 | 24678 |
| Telecom Italia SpA - Savings Shares (a) | 48350 | 13456 |
| Terna Rete Elettrica Nazionale SpA | 11286 | 88979 |
| UniCredit SpA | 15718 | 305597 |
| UnipolSai Assicurazioni SpA | 3414 | 9056 |
|  |  | 2510618 |
| **Luxembourg - 0.8%** |  |  |
| ArcelorMittal | 4188 | 129122 |
| Aroundtown SA | 8618 | 23882 |
| Eurofins Scientific | 982 | 70182 |
| InPost SA (a) | 1632 | 15695 |
| RTL Group SA | 312 | 15107 |
| SUSE SA (a) | 322 | 6221 |
| Tenaris SA - ADR | 1751 | 62073 |
|  |  | 322282 |
| **Netherlands - 16.3%** |  |  |
| Aalberts Industries NV | 774 | 36393 |
| ABN AMRO Group NV (c) | 3320 | 54898 |
| Adyen NV - ADR (a) | 23208 | 349048 |
| Aegon NV | 14200 | 77743 |
| Akzo Nobel NV | 1416 | 104895 |
| Argenx SE - ADR (a) | 426 | 162839 |
| ASM International NV | 368 | 123301 |
| ASML Holding NV | 3188 | 2106758 |
| ASR Nederland NV | 1160 | 54706 |
| BE Semiconductor Industries NV | 632 | 44852 |
| CNH Industrial NV | 7912 | 138914 |
| CTP NV (c) | 538 | 7756 |
| Davide Campari-Milano NV | 3990 | 42631 |
| Euronext NV (c) | 652 | 52665 |
| Exor NV (a) | 830 | 65762 |
| Ferrari NV | 962 | 239391 |
| Heineken Holding NV | 850 | 69906 |
| Heineken NV | 1906 | 189680 |
| IMCD NV | 454 | 71591 |
| ING Groep NV - ADR (b) | 29913 | 431645 |
| Iveco Group NV (a) | 693 | 5655 |
| JDE Peet's NV | 652 | 19521 |
| Just Eat Takeaway.com NV (a)(c) | 1472 | 37527 |
| Koninklijke Ahold Delhaize NV | 8110 | 241447 |
| Koninklijke DSM NV | 1396 | 178628 |
| Koninklijke KPN NV | 26100 | 89124 |
| Koninklijke Philips NV | 7100 | 122079 |
| Koninklijke Vopak NV | 520 | 15614 |
| NN Group NV | 2386 | 103290 |
| OCI NV | 774 | 26287 |
| Prosus NV | 6828 | 547968 |
| Qiagen NV (a) | 1764 | 85626 |
| Randstad Holding NV | 878 | 56011 |
| Signify NV (c) | 1000 | 35974 |
| Stellantis NV | 16236 | 253749 |
| STMicroelectronics NV | 5074 | 237802 |
| Universal Music Group NV | 5988 | 152786 |
| Wolters Kluwer NV | 2076 | 226030 |
|  |  | 6860492 |
| **Portugal - 0.5%** |  |  |
| EDP - Energias de Portugal SA | 22658 | 112275 |
| Galp Energia SGPS SA | 4122 | 56351 |
| Jeronimo Martins SGPS SA | 2208 | 47865 |
|  |  | 216491 |
| **Spain - 7.5%** |  |  |
| Acciona SA | 180 | 35028 |
| ACS Actividades de Construccion y Servicios SA | 1698 | 50100 |
| Aena SME SA (a)(c) | 566 | 84607 |
| Amadeus IT Holding SA (a) | 3414 | 214154 |
| Banco Bilbao Vizcaya Argentaria SA - ADR | 48213 | 340384 |
| Banco Santander SA - ADR | 130838 | 451391 |
| Bankinter SA | 5488 | 39497 |
| CaixaBank SA | 34472 | 152415 |
| Cellnex Telecom SA (c) | 4818 | 187935 |
| Corp ACCIONA Energias Renovables SA | 454 | 18519 |
| EDP Renovaveis SA | 1924 | 41718 |
| Enagas SA | 1990 | 35621 |
| Endesa SA | 2538 | 50410 |
| Ferrovial SA | 3828 | 112529 |
| Fluidra SA | 896 | 15741 |
| Grifols SA (a) | 2632 | 34694 |
| Iberdrola SA | 47766 | 557973 |
| Industria de Diseno Textil SA | 8420 | 261981 |
| Mapfre SA | 7920 | 15886 |
| Naturgy Energy Group SA | 1160 | 32788 |
| Red Electrica Corp. SA | 3452 | 60946 |
| Repsol SA | 10042 | 164739 |
| Siemens Gamesa Renewable Energy SA (a)(c) | 1802 | 35361 |
| Telefonica SA | 40798 | 154660 |
|  |  | 3149077 |
| **United Kingdom - 0.2%** |  |  |
| Allfunds Group PLC | 2386 | 18845 |
| TechnipFMC PLC (a)(d) | 4120 | 57261 |
|  |  | 76106 |
| TOTAL COMMON STOCKS (Cost $36,146,283) |  | 40708201 |
| **PREFERRED STOCKS - 1.2%** |  |  |
| **Germany - 1.2%** |  |  |
| Bayerische Motoren Werke AG | 482 | 45457 |
| Fuchs Petrolub SE | 558 | 22190 |
| Henkel AG & Co. KGaA | 1358 | 96553 |
| Sartorius AG | 198 | 88319 |
| Sixt SE | 132 | 10017 |
| Volkswagen AG | 1614 | 222736 |
|  |  | 485272 |
| **Spain - 0.0%** |  |  |
| Grifols SA - Class B (e) | 2056 | 18596 |
| TOTAL PREFERRED STOCKS (Cost $487,063) |  | 503868 |
| **REAL ESTATE INVESTMENT TRUSTS - 0.6%** |  |  |
| **Belgium - 0.1%** |  |  |
| Warehouses De Pauw CVA | 1142 | 36079 |
| **France - 0.4%** |  |  |
| Covivio | 406 | 27785 |
| Gecina SA | 416 | 49115 |
| Icade | 264 | 12502 |
| Klepierre | 1500 | 37930 |
| Unibail-Rodamco-Westfield (a) | 822 | 52876 |
|  |  | 180208 |
| **Spain - 0.1%** |  |  |
| Inmobiliaria Colonial Socimi SA | 2726 | 19797 |
| Merlin Properties Socimi SA | 2670 | 26022 |
|  |  | 45819 |
| TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $228,800) |  | 262106 |
| **SHORT-TERM INVESTMENTS- 0.2%** | **Principal Amount** |  |
| **Money Market Deposit Accounts - 0.2%** |  |  |
| U.S. Bank Money Market Deposit Account,3.300% (f) | $85603 | 85603 |
| TOTAL SHORT-TERM INVESTMENTS (Cost $85,603) |  | 85603 |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 5.8%** | **Shares** |  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.53% (f) | 2428678 | 2428678 |
| TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $2,428,678) |  | 2428678 |
| **Total Investments (Cost $39,376,427) - 105.0%** |  | 43988456 |
| **Liabilities in Excess of Other Assets - (5.0)%** |  | (2107214) |
| **TOTAL NET ASSETS - 100.0%** |  | $41881242 |

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| | |
|:---|:---|
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |
| <sup>ADR</sup> | American Depositary Receipt |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | All or a portion of this security is on loan as of January 31, 2023. The total value of securities on loan is $2,411,988 or 5.8% of net assets. |
| <sup>(c)</sup> | Restriced security as defined in Rule 144(a) under the Securities Act of 1933. Resale to the public may require registration or may extend only to qualified institutional buyers. <br> At January 31, 2023, the market value of these securities total $1,093,723, which represents 2.6% of total net assets. |
| <sup>(d)</sup> | Value determined using significant unobservable inputs. |
| <sup>(e)</sup> | Less the 0.05% |
| <sup>(f)</sup> | The rate shown is as of January 31, 2023. |
| For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease. | For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition does not apply for all purposes of this report, which may combine sub-classifications for reporting ease. |

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| |
|:---|
| **Summary of Fair Value Disclosure at January 31, 2023 (Unaudited)** |
| The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial statements. The financial statements have been prepared in conformity with accounting principals generally accepted in the United States of America ("GAAP"). The Funds are investment companies that follow the accounting and reporting guidelines of Accounting Standards Codification Topic 946 applicable to investment companies. |

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Securities, including master limited partnerships ("MLPs"), listed on a securities exchange, market or automated quotation system for which quotations are readily available, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded, except for securities listed on Nasdaq Global Market ("Nasdaq"). If, on a particular day, there is no such reported sale, then the most recent quoted bid price will be used. For securities traded on Nasdaq, the Nasdaq Official Closing Price ("NOCP") will be used. If a Fund holds foreign shares of a security for which there is no reported volume, and there is an actively trading local version of the security, the last quoted sale price of the local security shall be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate.<br>Investments in other open-end investment companies, including money market funds, are valued at the investment company's net asset value per share, with the exception of exchange-traded open-end investment companies, which are priced as equity securities described above.<br>

Fixed-income securities are normally valued on the basis of quotes obtained from independent pricing services in accordance with procedures adopted by the Board of Trustees. The independent pricing services may employ methodologies that utilize market transactions (if the security is actively traded), broker-dealer supplied valuations, or matrix pricing. Short-term securities that have maturities of less than 60 days, at the time of purchase, are valued at amortized cost, which, when combined with accrued interest, approximates market value.<br>

Options on securities that are listed on an exchange shall be valued at the sale price on such exchange (or any other exchange on which such options are listed) having the trade closest to the close of the New York Stock Exchange ("NYSE") on the day of valuation or, if there was no sale on any of the applicable options exchanges on such day, at the mean between the highest bid and lowest ask price on any of such exchanges on such day closest to the close of the NYSE on such day. On the last trading day prior to expiration, expiring options may be priced at intrinsic value.<br>

Foreign currency forward contracts are valued at the current day's interpolated foreign exchange rate, as calculated using the current day's spot rate, and the twenty, sixty, ninety, and one-hundred eighty day forward rates provided by an independent source.<br>Futures contracts are valued at the settlement price on the exchange on which they are principally traded.<br>Units of Mount Vernon Liquid Assets Portfolio are not traded on an exchange and are valued at the investment company's NAV per share as provided by its administrator.<br>Deposit accounts are valued at acquisition cost, which approximates fair value.

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| |
|:---|
| The Trust's Valuation Procedures provide for the designation of the Adviser as "Valuation Designee". If no quotation is available from either a pricing service, or one or more brokers or there is reason to question the reliability or accuracy of a quotation supplied, securities are valued at fair value as determined in good faith, by the Valuation Designee pursuant to procedures established by the Funds' Board of Trustees (the "Board"). |
| As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuations methods. The three levels of inputs are: |
| Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have 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 Funds' own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |
| The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. |
| The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety. |
| The following is a summary of the inputs used to value the Fund's investments as of January 31, 2023: |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description^** | **Level 1** | **Level 2** | **Level 3** | **Investments** <br> **Measured at Net** <br> **Asset Value** | **Total** |
| Common Stocks | $40634110 | $- | $74091 | $- | $40708201 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 503868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | 503868 |
| Real Estate Investment Trusts | 262106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | 262106 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85603 |
| Investments Purchased with Proceeds from Securities Lending | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2428678 | &nbsp;&nbsp;&nbsp;&nbsp; 2428678 |
| Total Investments in Securities | $41485687 | $- | $74091 | $2428678 | $43988456 |
| <br>^ See the Schedules of Investments for country breakouts. |  |  |  |  |  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **PTEU<sup>(a)</sup>** | **Balance as of 4/30/2022** | **Net Realized** <br> **Gain (Loss)** | **Change in Net Unrealized Appreciation (Depreciation)** | **Purchases** | **Sales** | **Transfers Into**<br> **Level 3** | **Transfers Out of**<br> **Level 3** | **Balance as of 1/31/2023** |
| Common Stocks | $34030 | $21 | $28406 | $12557 | $(923) | $- | $- | $74091 |
| The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: | The following is a summary of quantitative information about Level 3 Fair Value Measurements: |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PTEU** | **Fair Value as of 1/31/2023** | **Valuation**<br> **Techniques** | **Unobservable** <br> **Input** | **Impact to** <br> **Valuation** <br> **From an** <br> **Increase to** <br> **Input** |
| Common Stocks | $6570 | Last Trade Price | Stale Data | 4.8 EUR |
| Common Stocks | $57261 | US Line | Delisting | 12.7842 EUR |
| Common Stocks | $10260 | Last Trade Price | Stale Data | 143 EUR |
| (a) Table presents information for three securities: FF Group, which has been valued at 4.8 EUR, TechnipFMC PLC which has been valued between 5.6251 - 13.03 EUR, and Somfy SA, which has been valued between 142.8 - 157.2 EUR throughout the period. | (a) Table presents information for three securities: FF Group, which has been valued at 4.8 EUR, TechnipFMC PLC which has been valued between 5.6251 - 13.03 EUR, and Somfy SA, which has been valued between 142.8 - 157.2 EUR throughout the period. | (a) Table presents information for three securities: FF Group, which has been valued at 4.8 EUR, TechnipFMC PLC which has been valued between 5.6251 - 13.03 EUR, and Somfy SA, which has been valued between 142.8 - 157.2 EUR throughout the period. | (a) Table presents information for three securities: FF Group, which has been valued at 4.8 EUR, TechnipFMC PLC which has been valued between 5.6251 - 13.03 EUR, and Somfy SA, which has been valued between 142.8 - 157.2 EUR throughout the period. | (a) Table presents information for three securities: FF Group, which has been valued at 4.8 EUR, TechnipFMC PLC which has been valued between 5.6251 - 13.03 EUR, and Somfy SA, which has been valued between 142.8 - 157.2 EUR throughout the period. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Pacer Funds Trust

- **b. Investment Company Act file number:** 811-23024

- **c. CIK number of Registrant:** 0001616668

- **d. LEI of Registrant:** 549300L3D3N0PW0L9M73

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

  - **Street Address 1:** 500 Chesterfield Parkway

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-664-8100

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

- **a. Name of Series:** Pacer Trendpilot European Index ETF

- **b. EDGAR series identifier (if any):** S000051998

- **c. LEI of Series:** 549300M5U26VERYPDO77

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

- **a. Date of fiscal year-end:** 2023-04-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $44332534.28

**Total Liabilities:** $2451423.94

**Net Assets:** $41881110.34

**Cash Not Reported:** $8380.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000163549 | 3.15%                | -0.98%               | 11.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $78855.67                | $1068200.30                                |
| Month 2  | $4081.14                 | $-466384.97                                |
| Month 3  | $329325.48               | $4042804.72                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Deutsche Bank AG                          | Deutsche Bank AG                                          | CUSIP: D18190898<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |     16236 | NS      | $215482.14    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Buzzi Unicem SpA                          | Buzzi Unicem SpA                                          | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |       690 | NS      | $15482.69     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Varta AG                                  | Varta AG                                                  | CUSIP: N/A<br>LEI: 529900E7KB95KOXBWP63       | Long             | EC               | CORP              | DE        |       114 | NS      | $3447.86      | 0.01%             |  |  |  | No            | 1                  | On Loan: —       |
| Etablissements Franz Colruyt N            | Etablissements Franz Colruyt NV                           | CUSIP: N/A<br>LEI: 5493000O0NZ1BCXO8K39       | Long             | EC               | CORP              | BE        |       396 | NS      | $10457.08     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke Vopak NV                      | Koninklijke Vopak NV                                      | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |       520 | NS      | $15614.02     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Telekom AG                       | Deutsche Telekom AG                                       | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     26882 | NS      | $597644.05    | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Elia Group SA/NV                          | Elia Group SA/NV                                          | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        |       302 | NS      | $42287.35     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Engie SA                                  | Engie SA                                                  | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     13314 | NS      | $188454.82    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Heineken Holding NV                       | Heineken Holding NV                                       | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |       850 | NS      | $69906.18     | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Alstom SA                                 | Alstom SA                                                 | CUSIP: N/A<br>LEI: 96950032TUYMW11FB530       | Long             | EC               | CORP              | FR        |      2424 | NS      | $71678.55     | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Leonardo SpA                              | Leonardo SpA                                              | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |      3206 | NS      | $32950.87     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Legrand SA                                | Legrand SA                                                | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |      2142 | NS      | $190298.57    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Symrise AG                                | Symrise AG                                                | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |      1048 | NS      | $111061.75    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Ubisoft Entertainment SA                  | Ubisoft Entertainment SA                                  | CUSIP: N/A<br>LEI: 969500I7C8V1LBIMSM05       | Long             | EC               | CORP              | FR        |       756 | NS      | $15558.23     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| SCOR SE                                   | SCOR SE                                                   | CUSIP: N/A<br>LEI: 96950056ULJ4JI7V3752       | Long             | EC               | CORP              | FR        |      1198 | NS      | $29486.35     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| ANDRITZ AG                                | ANDRITZ AG                                                | CUSIP: A11123105<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |       558 | NS      | $33243.17     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Jeronimo Martins SGPS SA                  | Jeronimo Martins SGPS SA                                  | CUSIP: X40338109<br>LEI: 259400A8SZP10GB5IB19 | Long             | EC               | CORP              | PT        |      2208 | NS      | $47864.32     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Talanx AG                                 | Talanx AG                                                 | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |       426 | NS      | $21007.31     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| LEG Immobilien SE                         | LEG Immobilien SE                                         | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               | CORP              | DE        |       594 | NS      | $46223.82     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| KION Group AG                             | KION Group AG                                             | CUSIP: N/A<br>LEI: 5299005KY91C4C6U9H17       | Long             | EC               | CORP              | DE        |       632 | NS      | $25332.49     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Vonovia SE                                | Vonovia SE                                                | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               | CORP              | DE        |      6384 | NS      | $179546.53    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Inmobiliaria Colonial Socimi S            | Inmobiliaria Colonial Socimi SA                           | CUSIP: N/A<br>LEI: 95980020140005007414       | Long             | EC               | CORP              | ES        |      2726 | NS      | $19796.57     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke Ahold Delhaize NV             | Koninklijke Ahold Delhaize NV                             | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |      8110 | NS      | $241446.72    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank of Ireland Group PLC                 | Bank of Ireland Group PLC                                 | CUSIP: G0756R109<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |      7308 | NS      | $77748.40     | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Knorr-Bremse AG                           | Knorr-Bremse AG                                           | CUSIP: N/A<br>LEI: 5299001GRRO0Z25YZT52       | Long             | EC               | CORP              | DE        |       528 | NS      | $34532.61     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Italgas SpA                               | Italgas SpA                                               | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |      3932 | NS      | $22933.53     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| OCI NV                                    | OCI NV                                                    | CUSIP: N/A<br>LEI: 549300NCMRGIBJYUOE57       | Long             | EC               | CORP              | NL        |       774 | NS      | $26286.92     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| BioMerieux                                | BioMerieux                                                | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |       350 | NS      | $35523.57     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Umicore SA                                | Umicore SA                                                | CUSIP: B95505184<br>LEI: 529900F3AIQECS8ZSV61 | Long             | EC               | CORP              | BE        |      1642 | NS      | $61817.77     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Nordea Bank Abp                           | Nordea Bank Abp                                           | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |     28768 | NS      | $335643.35    | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| La Francaise des Jeux SAEM                | La Francaise des Jeux SAEM                                | CUSIP: F55896108<br>LEI: 969500R4CLSQFTYYI535 | Long             | EC               | CORP              | FR        |       698 | NS      | $29783.98     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Traton SE                                 | Traton SE                                                 | CUSIP: N/A<br>LEI: 529900UIMQRKPFN6SV80       | Long             | EC               | CORP              | DE        |       406 | NS      | $6991.48      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Allfunds Group Plc                        | Allfunds Group Plc                                        | CUSIP: N/A<br>LEI: 9598005U8TZQ8Q64SC71       | Long             | EC               | CORP              | GB        |      2386 | NS      | $18844.90     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Music Group NV                  | Universal Music Group NV                                  | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |      5988 | NS      | $152785.66    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Daimler Truck Holding AG                  | Daimler Truck Holding AG                                  | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               | CORP              | DE        |      3366 | NS      | $112597.65    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Corp ACCIONA Energias Renovabl            | Corp ACCIONA Energias Renovables SA                       | CUSIP: N/A<br>LEI: 254900UPX0OEHTKB9Y44       | Long             | EC               | CORP              | ES        |       454 | NS      | $18518.52     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Industria de Diseno Textil SA             | Industria de Diseno Textil SA                             | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |      8420 | NS      | $261980.78    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Michelin                                  | Cie Generale des Etablissements Michelin SCA              | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |      5610 | NS      | $176593.27    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Zalando SE                                | Zalando SE                                                | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |      1774 | NS      | $82138.92     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Hella GmbH & Co KGaA                      | Hella GmbH & Co KGaA                                      | CUSIP: N/A<br>LEI: 529900PLX4ADJFWIY024       | Long             | EC               | CORP              | DE        |       180 | NS      | $15116.76     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Aena SME SA                               | Aena SME SA                                               | CUSIP: E526K0106<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |       566 | NS      | $84607.11     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Cellnex Telecom SA                        | Cellnex Telecom SA                                        | CUSIP: N/A<br>LEI: 5493008T4YG3AQUI7P67       | Long             | EC               | CORP              | ES        |      4818 | NS      | $187934.68    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| UniCredit SpA                             | UniCredit SpA                                             | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     15718 | NS      | $305597.40    | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| ArcelorMittal SA                          | ArcelorMittal SA                                          | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |      4188 | NS      | $129122.11    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| TechnipFMC PLC                            | TechnipFMC PLC                                            | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      4120 | NS      | $57260.81     | 0.14%             |  |  |  | No            | 3                  | On Loan: No      |
| Holding Co ADMIE IPTO SA                  | Holding Co ADMIE IPTO SA                                  | CUSIP: N/A<br>LEI: 213800CO5OAZT7F4F862       | Long             | EC               | CORP              | GR        |       906 | NS      | $1956.12      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Banca Mediolanum SpA                      | Banca Mediolanum SpA                                      | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |      1924 | NS      | $18335.56     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| SOITEC                                    | SOITEC                                                    | CUSIP: N/A<br>LEI: 969500ZR92SQCU9TST26       | Long             | EC               | CORP              | FR        |       198 | NS      | $29823.56     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| adidas AG                                 | adidas AG                                                 | CUSIP: 00687A107<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      2609 | NS      | $208850.45    | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Adyen NV                                  | Adyen NV                                                  | CUSIP: 00783V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |     23208 | NS      | $349048.32    | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Vivendi SE                                | Vivendi SE                                                | CUSIP: F97982106<br>LEI: 969500FU4DRAEVJW7U54 | Long             | EC               | CORP              | FR        |      5582 | NS      | $59822.75     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Airbus SE                                 | Airbus SE                                                 | CUSIP: 009279100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |     17618 | NS      | $551795.76    | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Anheuser-Busch InBev SA/NV                | Anheuser-Busch InBev SA/NV                                | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |      6814 | NS      | $410816.06    | 0.98%             |  |  |  | No            | 1                  | On Loan: —       |
| Argenx SE                                 | Argenx SE                                                 | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       426 | NS      | $162838.50    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| BNP Paribas SA                            | BNP Paribas SA                                            | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     16864 | NS      | $578772.48    | 1.38%             |  |  |  | No            | 1                  | On Loan: No      |
| E.ON SE                                   | E.ON SE                                                   | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     17746 | NS      | $192654.76    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Terna - Rete Elettrica Naziona            | Terna - Rete Elettrica Nazionale                          | CUSIP: N/A<br>LEI: 8156009E94ED54DE7C31       | Long             | EC               | CORP              | IT        |     11286 | NS      | $88978.60     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| BBVA                                      | Banco Bilbao Vizcaya Argentaria SA                        | CUSIP: 05946K101<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |     48213 | NS      | $340383.78    | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Santander SA                        | Banco Santander SA                                        | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    130838 | NS      | $451391.10    | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Gamesa Renewable Energ            | Siemens Gamesa Renewable Energy SA                        | CUSIP: N/A<br>LEI: 9598004BR8D81D3M1D64       | Long             | EC               | CORP              | ES        |      1802 | NS      | $35360.61     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| ACS Actividades de Construccio            | ACS Actividades de Construccion y Servicios SA            | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |      1698 | NS      | $50099.71     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Bayer AG                                  | Bayer AG                                                  | CUSIP: 072730302<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |     30952 | NS      | $482232.16    | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Eni SpA                                   | Eni SpA                                                   | CUSIP: 26874R108<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |      9538 | NS      | $294724.20    | 0.70%             |  |  |  | No            | 1                  | On Loan: —       |
| Ferrovial SA                              | Ferrovial SA                                              | CUSIP: N/A<br>LEI: 95980020140005757903       | Long             | EC               | CORP              | ES        |      3828 | NS      | $112529.48    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Safran SA                                 | Safran SA                                                 | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      2792 | NS      | $400053.92    | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresenius Medical Care AG & Co            | Fresenius Medical Care AG & Co KGaA                       | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |      3005 | NS      | $56283.65     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Bouygues SA                               | Bouygues SA                                               | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |      1688 | NS      | $55493.48     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| LANXESS AG                                | LANXESS AG                                                | CUSIP: N/A<br>LEI: 529900PTLRE72EMYIJ77       | Long             | EC               | CORP              | DE        |       690 | NS      | $34220.95     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Neste Oyj                                 | Neste Oyj                                                 | CUSIP: N/A<br>LEI: 5493009GY1X8GQ66AM14       | Long             | EC               | CORP              | FI        |      3338 | NS      | $159054.34    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Veolia Environnement SA                   | Veolia Environnement SA                                   | CUSIP: F9686M107<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |      4998 | NS      | $147683.99    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Glanbia PLC                               | Glanbia PLC                                               | CUSIP: G39021103<br>LEI: 635400SRMCBHVMSKJS84 | Long             | EC               | CORP              | IE        |      1482 | NS      | $18044.88     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Raiffeisen Bank International             | Raiffeisen Bank International AG                          | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |      1038 | NS      | $18574.40     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Recordati Industria Chimica e             | Recordati Industria Chimica e Farmaceutica SpA            | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |       784 | NS      | $34203.69     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Intesa Sanpaolo SpA                       | Intesa Sanpaolo SpA                                       | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |    133076 | NS      | $348661.90    | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP - Energias de Portugal SA             | EDP - Energias de Portugal SA                             | CUSIP: N/A<br>LEI: 529900CLC3WDMGI9VH80       | Long             | EC               | CORP              | PT        |     22658 | NS      | $112275.14    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| MTU Aero Engines AG                       | MTU Aero Engines AG                                       | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |       426 | NS      | $105962.78    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Kone Oyj                                  | Kone Oyj                                                  | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |      3150 | NS      | $171362.41    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Thales SA                                 | Thales SA                                                 | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |       802 | NS      | $105847.54    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Hannover Rueck SE                         | Hannover Rueck SE                                         | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |       482 | NS      | $97569.58     | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Wartsila OYJ Abp                          | Wartsila OYJ Abp                                          | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |      3894 | NS      | $36914.77     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| ICADE                                     | ICADE                                                     | CUSIP: N/A<br>LEI: 969500UDH342QLTE1M42       | Long             | EC               | CORP              | FR        |       264 | NS      | $12502.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke DSM NV                        | Koninklijke DSM NV                                        | CUSIP: N/A<br>LEI: 724500SNT1MK246AHP04       | Long             | EC               | CORP              | NL        |      1396 | NS      | $178628.02    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Electricite de France SA                  | Electricite de France SA                                  | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | EC               | CORP              | FR        |      5026 | NS      | $65923.08     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt            | LVMH Moet Hennessy Louis Vuitton SE                       | CUSIP: 502441306<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      9883 | NS      | $1726461.27   | 4.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Hellenic Telecommunications Or            | Hellenic Telecommunications Organization SA               | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |      1736 | NS      | $27309.01     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Puma SE                                   | Puma SE                                                   | CUSIP: N/A<br>LEI: 529900GRZ2BQY5ZM9N49       | Long             | EC               | CORP              | DE        |       802 | NS      | $54371.11     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Stora Enso Oyj                            | Stora Enso Oyj                                            | CUSIP: N/A<br>LEI: 7437000ZP669LKUTZ738       | Long             | EC               | CORP              | FI        |      4602 | NS      | $65514.86     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Ipsen SA                                  | Ipsen SA                                                  | CUSIP: F5362H107<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |       274 | NS      | $28715.43     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Wohnen SE                        | Deutsche Wohnen SE                                        | CUSIP: N/A<br>LEI: 529900QE24Q67I3FWZ10       | Long             | EC               | CORP              | DE        |       396 | NS      | $9320.53      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Henkel AG & Co KGaA                       | Henkel AG & Co KGaA                                       | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EP               | CORP              | DE        |      1358 | NS      | $96552.88     | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| BASF SE                                   | BASF SE                                                   | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |      7260 | NS      | $413576.27    | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Beiersdorf AG                             | Beiersdorf AG                                             | CUSIP: N/A<br>LEI: L47NHHI0Z9X22DV46U41       | Long             | EC               | CORP              | DE        |       802 | NS      | $97303.01     | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| HOCHTIEF AG                               | HOCHTIEF AG                                               | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |       170 | NS      | $10734.04     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Rexel SA                                  | Rexel SA                                                  | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |      1924 | NS      | $42377.20     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Prysmian SpA                              | Prysmian SpA                                              | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               | CORP              | IT        |      2112 | NS      | $85872.33     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Interpump Group SpA                       | Interpump Group SpA                                       | CUSIP: N/A<br>LEI: 815600C79D0F31F4D395       | Long             | EC               | CORP              | IT        |       642 | NS      | $33347.93     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| ASM International NV                      | ASM International NV                                      | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |       368 | NS      | $123301.44    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Bayerische Motoren Werke AG               | Bayerische Motoren Werke AG                               | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |      2574 | NS      | $260886.70    | 0.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Bayerische Motoren Werke AG               | Bayerische Motoren Werke AG                               | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EP               | CORP              | DE        |       482 | NS      | $45457.36     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Aalberts NV                               | Aalberts NV                                               | CUSIP: N/A<br>LEI: 549300EMP9DT6Q35HZ31       | Long             | EC               | CORP              | NL        |       774 | NS      | $36392.74     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Alpha Services and Holdings SA            | Alpha Services and Holdings SA                            | CUSIP: N/A<br>LEI: 5299009N55YRQC69CN08       | Long             | EC               | CORP              | GR        |     17132 | NS      | $23160.16     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Sanofi                                    | Sanofi                                                    | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     17250 | NS      | $847665.00    | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| SAP SE                                    | SAP SE                                                    | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      8712 | NS      | $1032633.36   | 2.47%             |  |  |  | No            | 1                  | On Loan: —       |
| Pirelli & C SpA                           | Pirelli & C SpA                                           | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |      3924 | NS      | $19563.69     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Uniper SE                                 | Uniper SE                                                 | CUSIP: N/A<br>LEI: 549300UXRTWGIBZQ4J67       | Long             | EC               | CORP              | DE        |       708 | NS      | $2195.18      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens AG                                | Siemens AG                                                | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     11938 | NS      | $932119.04    | 2.23%             |  |  |  | No            | 1                  | On Loan: No      |
| U.S. Bank Money Market Deposit Account    | U.S. Bank Money Market Deposit Account                    | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     85602 | NS      | $85602.50     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Mediobanca Banca di Credito Fi            | Mediobanca Banca di Credito Finanziario SpA               | CUSIP: N/A<br>LEI: PSNL19R2RXX5U3QWHI44       | Long             | EC               | CORP              | IT        |      5196 | NS      | $55674.66     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Continental AG                            | Continental AG                                            | CUSIP: N/A<br>LEI: 529900A7YD9C0LLXM621       | Long             | EC               | CORP              | DE        |       868 | NS      | $60695.08     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Post AG                          | Deutsche Post AG                                          | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |      7666 | NS      | $328195.21    | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Telekom Austria AG                        | Telekom Austria AG                                        | CUSIP: N/A<br>LEI: 529900KCNFQU5OJH7L33       | Long             | EC               | CORP              | AT        |      1094 | NS      | $7338.21      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| OMV AG                                    | OMV AG                                                    | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |      1142 | NS      | $56923.70     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Verbund AG                                | Verbund AG                                                | CUSIP: N/A<br>LEI: 5299006UDSEJCTTEJS30       | Long             | EC               | CORP              | AT        |       528 | NS      | $44801.70     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Pernod Ricard SA                          | Pernod Ricard SA                                          | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      1611 | NS      | $332589.25    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Renault SA                                | Renault SA                                                | CUSIP: N/A<br>LEI: 969500F7JLTX36OUI695       | Long             | EC               | CORP              | FR        |      1538 | NS      | $62266.39     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Remy Cointreau SA                         | Remy Cointreau SA                                         | CUSIP: N/A<br>LEI: 5493004V6A3Z027YT216       | Long             | EC               | CORP              | FR        |       198 | NS      | $37152.98     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Merck KGaA                                | Merck KGaA                                                | CUSIP: D5357W103<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |      1038 | NS      | $215591.73    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| RWE AG                                    | RWE AG                                                    | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |      5054 | NS      | $224172.90    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| SEB SA                                    | SEB SA                                                    | CUSIP: N/A<br>LEI: 969500WP61NBK098AC47       | Long             | EC               | CORP              | FR        |       246 | NS      | $25633.91     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Sofina SA                                 | Sofina SA                                                 | CUSIP: N/A<br>LEI: 5493000GMVR38VUO5D39       | Long             | EC               | CORP              | BE        |       124 | NS      | $29333.80     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Solvay SA                                 | Solvay SA                                                 | CUSIP: N/A<br>LEI: 549300MMVL80RTBP3O28       | Long             | EC               | CORP              | BE        |       558 | NS      | $64696.80     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| voestalpine AG                            | voestalpine AG                                            | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               | CORP              | AT        |       924 | NS      | $30537.48     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Henkel AG & Co KGaA                       | Henkel AG & Co KGaA                                       | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |       812 | NS      | $54113.32     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| UPM-Kymmene Oyj                           | UPM-Kymmene Oyj                                           | CUSIP: N/A<br>LEI: 213800EC6PW5VU4J9U64       | Long             | EC               | CORP              | FI        |      4272 | NS      | $154422.51    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Hermes International                      | Hermes International                                      | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       246 | NS      | $458522.13    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Sixt SE                                   | Sixt SE                                                   | CUSIP: N/A<br>LEI: 5299004ZME6CSBR7WP07       | Long             | EC               | CORP              | DE        |       104 | NS      | $12877.89     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Dassault Systemes SE                      | Dassault Systemes SE                                      | CUSIP: N/A<br>LEI: 96950065LBWY0APQIM86       | Long             | EC               | CORP              | FR        |      5346 | NS      | $197952.64    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| InPost SA                                 | InPost SA                                                 | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               | CORP              | PL        |      1632 | NS      | $15694.76     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Euronext NV                               | Euronext NV                                               | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |       652 | NS      | $52665.25     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Piraeus Financial Holdings SA             | Piraeus Financial Holdings SA                             | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               | CORP              | GR        |      4640 | NS      | $9528.79      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Capgemini SE                              | Capgemini SE                                              | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      1284 | NS      | $242746.13    | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Ellaktor SA                               | Ellaktor SA                                               | CUSIP: N/A<br>LEI: 213800VUQHMOGEWKNG87       | Long             | EC               | CORP              | GR        |       670 | NS      | $1529.61      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| D'ieteren Group                           | D'ieteren Group                                           | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |       180 | NS      | $34225.52     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| LAMDA Development SA                      | LAMDA Development SA                                      | CUSIP: N/A<br>LEI: 213800C7PQZVF38FYL54       | Long             | EC               | CORP              | GR        |       558 | NS      | $3803.55      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresenius SE & Co KGaA                    | Fresenius SE & Co KGaA                                    | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |      3272 | NS      | $94370.93     | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| United Internet AG                        | United Internet AG                                        | CUSIP: D8542B125<br>LEI: 3VEKWPJHTD4NKMBVG947 | Long             | EC               | CORP              | DE        |       868 | NS      | $20090.15     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Publicis Groupe SA                        | Publicis Groupe SA                                        | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |      1820 | NS      | $128094.89    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Faurecia SE                               | Faurecia SE                                               | CUSIP: F3445A108<br>LEI: 969500F0VMZLK2IULV85 | Long             | EC               | CORP              | FR        |      1264 | NS      | $24927.12     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Fielmann AG                               | Fielmann AG                                               | CUSIP: N/A<br>LEI: 529900BU5B7N9GE4XU15       | Long             | EC               | CORP              | DE        |       198 | NS      | $7443.51      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| GEK Terna Holding Real Estate             | GEK Terna Holding Real Estate Construction SA             | CUSIP: N/A<br>LEI: 2138003TO2MTRHWVP686       | Long             | EC               | CORP              | GR        |       416 | NS      | $5635.07      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Huhtamaki Oyj                             | Huhtamaki Oyj                                             | CUSIP: N/A<br>LEI: 5493007050SJVMXN6L29       | Long             | EC               | CORP              | FI        |       746 | NS      | $27833.88     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Kesko Oyj                                 | Kesko Oyj                                                 | CUSIP: N/A<br>LEI: 743700OX6HSVMCAHPB95       | Long             | EC               | CORP              | FI        |      2170 | NS      | $50414.09     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Kingspan Group PLC                        | Kingspan Group PLC                                        | CUSIP: G52654103<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |      1208 | NS      | $77220.39     | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Sixt SE                                   | Sixt SE                                                   | CUSIP: N/A<br>LEI: 5299004ZME6CSBR7WP07       | Long             | EP               | CORP              | DE        |       132 | NS      | $10016.52     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Endesa SA                                 | Endesa SA                                                 | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |      2538 | NS      | $50410.14     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Erste Group Bank AG                       | Erste Group Bank AG                                       | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |      2622 | NS      | $99054.73     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke KPN NV                        | Koninklijke KPN NV                                        | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |     26100 | NS      | $89124.30     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| STMicroelectronics NV                     | STMicroelectronics NV                                     | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | CH        |      5074 | NS      | $237802.38    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Societe Generale SA                       | Societe Generale SA                                       | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               | CORP              | FR        |      6072 | NS      | $180079.32    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Boerse AG                        | Deutsche Boerse AG                                        | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1472 | NS      | $262845.71    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Groupe Bruxelles Lambert NV               | Groupe Bruxelles Lambert NV                               | CUSIP: N/A<br>LEI: 549300KV0ZEHT2KVU152       | Long             | EC               | CORP              | BE        |       802 | NS      | $68373.67     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| OPAP SA                                   | OPAP SA                                                   | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |      1490 | NS      | $22321.49     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Fraport AG Frankfurt Airport S            | Fraport AG Frankfurt Airport Services Worldwide           | CUSIP: N/A<br>LEI: 5299001ERX0K10IZUL40       | Long             | EC               | CORP              | DE        |       284 | NS      | $16073.49     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Sarantis SA                               | Sarantis SA                                               | CUSIP: N/A<br>LEI: 21380078FJXYHFE8KP46       | Long             | EC               | CORP              | GR        |       256 | NS      | $2142.98      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| JCDecaux SE                               | JCDecaux SE                                               | CUSIP: N/A<br>LEI: 9695009KV7AFPDEI5S30       | Long             | EC               | CORP              | FR        |       586 | NS      | $13238.26     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| De' Longhi SpA                            | De' Longhi SpA                                            | CUSIP: N/A<br>LEI: 8156000E09A52C4F8A38       | Long             | EC               | CORP              | IT        |       558 | NS      | $12836.23     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| EssilorLuxottica SA                       | EssilorLuxottica SA                                       | CUSIP: N/A<br>LEI: 549300M3VH1A3ER1TB49       | Long             | EC               | CORP              | FR        |      2355 | NS      | $429862.26    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| JUMBO SA                                  | JUMBO SA                                                  | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               | CORP              | GR        |       878 | NS      | $15730.39     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Tenaris SA                                | Tenaris SA                                                | CUSIP: 88031M109<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |      1751 | NS      | $62072.95     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Healthineers AG                   | Siemens Healthineers AG                                   | CUSIP: N/A<br>LEI: 529900QBVWXMWANH7H45       | Long             | EC               | CORP              | DE        |      2216 | NS      | $118215.25    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrari NV                                | Ferrari NV                                                | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | IT        |       962 | NS      | $239391.42    | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| METRO AG                                  | METRO AG                                                  | CUSIP: N/A<br>LEI: 5299006EQ03K3SSUYS12       | Long             | EC               | CORP              | DE        |      1048 | NS      | $10276.74     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Randstad NV                               | Randstad NV                                               | CUSIP: N/A<br>LEI: 7245009EAAUUQJ0U4T57       | Long             | EC               | CORP              | NL        |       878 | NS      | $56010.87     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| National Bank of Greece SA                | National Bank of Greece SA                                | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |      4376 | NS      | $20675.44     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| BE Semiconductor Industries NV            | BE Semiconductor Industries NV                            | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |       632 | NS      | $44852.32     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Moncler SpA                               | Moncler SpA                                               | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |      1632 | NS      | $101485.48    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Warehouses De Pauw CVA                    | Warehouses De Pauw CVA                                    | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |      1142 | NS      | $36078.58     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Motor Oil Hellas Corinth Refin            | Motor Oil Hellas Corinth Refineries SA                    | CUSIP: N/A<br>LEI: 213800U3Y9UL7Y4QVM11       | Long             | EC               | CORP              | GR        |       444 | NS      | $10812.32     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Teleperformance                           | Teleperformance                                           | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |       462 | NS      | $128076.62    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Nokia Oyj                                 | Nokia Oyj                                                 | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |     44099 | NS      | $209911.24    | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| Eurazeo SE                                | Eurazeo SE                                                | CUSIP: N/A<br>LEI: 969500C656AA39O94N60       | Long             | EC               | CORP              | FR        |       388 | NS      | $27101.45     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Sodexo SA                                 | Sodexo SA                                                 | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |       698 | NS      | $69068.49     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| AXA SA                                    | AXA SA                                                    | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     14598 | NS      | $454124.38    | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Enel SpA                                  | Enel SpA                                                  | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |     62286 | NS      | $365045.91    | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Amadeus IT Group SA                       | Amadeus IT Group SA                                       | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |      3414 | NS      | $214154.42    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Brenntag SE                               | Brenntag SE                                               | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |      1236 | NS      | $91856.15     | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Evonik Industries AG                      | Evonik Industries AG                                      | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |      1528 | NS      | $33821.19     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Telefonica Deutschland Holding            | Telefonica Deutschland Holding AG                         | CUSIP: N/A<br>LEI: 391200ECRPJ3SWQJUM30       | Long             | EC               | CORP              | DE        |      7186 | NS      | $21124.27     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Proximus SADP                             | Proximus SADP                                             | CUSIP: N/A<br>LEI: 549300CWRXC5EP004533       | Long             | EC               | CORP              | BE        |      1122 | NS      | $11480.54     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Valmet Oyj                                | Valmet Oyj                                                | CUSIP: N/A<br>LEI: 213800D9O7FUQDH83V62       | Long             | EC               | CORP              | FI        |      1340 | NS      | $41911.42     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Quest Holdings SA                         | Quest Holdings SA                                         | CUSIP: N/A<br>LEI: 549300GTDOPCSETABE37       | Long             | EC               | CORP              | GR        |       218 | NS      | $1246.61      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Nexi SpA                                  | Nexi SpA                                                  | CUSIP: N/A<br>LEI: 5493000P70CQRQG8SN85       | Long             | EC               | CORP              | IT        |      6072 | NS      | $53205.25     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Akzo Nobel NV                             | Akzo Nobel NV                                             | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |      1416 | NS      | $104894.59    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Viohalco SA                               | Viohalco SA                                               | CUSIP: N/A<br>LEI: 549300U0BOLVY36TGJ31       | Long             | EC               | CORP              | BE        |       520 | NS      | $2640.02      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Iveco Group NV                            | Iveco Group NV                                            | CUSIP: N/A<br>LEI: 549300ZWF2ZJDD9EOR96       | Long             | EC               | CORP              | IT        |       693 | NS      | $5654.96      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| SUSE SA                                   | SUSE SA                                                   | CUSIP: N/A<br>LEI: 213800C9JTKV8DLW6403       | Long             | EC               | CORP              | DE        |       322 | NS      | $6220.58      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| IMCD NV                                   | IMCD NV                                                   | CUSIP: N/A<br>LEI: 724500NSJPNFJPDAUP02       | Long             | EC               | CORP              | NL        |       454 | NS      | $71591.47     | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurofins Scientific SE                    | Eurofins Scientific SE                                    | CUSIP: N/A<br>LEI: 529900JEHFM47DYY3S57       | Long             | EC               | CORP              | LU        |       982 | NS      | $70182.51     | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Worldline SA/France                       | Worldline SA/France                                       | CUSIP: F9867T103<br>LEI: 549300CJMQNCA0U4TS33 | Long             | EC               | CORP              | FR        |      1962 | NS      | $88603.97     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| NN Group NV                               | NN Group NV                                               | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |      2386 | NS      | $103290.27    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| FinecoBank Banca Fineco SpA               | FinecoBank Banca Fineco SpA                               | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |      4894 | NS      | $87522.07     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Merlin Properties Socimi SA               | Merlin Properties Socimi SA                               | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |      2670 | NS      | $26022.51     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| FUCHS PETROLUB SE                         | FUCHS PETROLUB SE                                         | CUSIP: N/A<br>LEI: 529900SNF9E1P5ZO4P98       | Long             | EC               | CORP              | DE        |       274 | NS      | $9055.49      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| FUCHS PETROLUB SE                         | FUCHS PETROLUB SE                                         | CUSIP: N/A<br>LEI: 529900SNF9E1P5ZO4P98       | Long             | EP               | CORP              | DE        |       558 | NS      | $22190.42     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| HelloFresh SE                             | HelloFresh SE                                             | CUSIP: N/A<br>LEI: 391200ZAF4V6XD2M9G57       | Long             | EC               | CORP              | DE        |      1312 | NS      | $31636.11     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Somfy SA                                  | Somfy SA                                                  | CUSIP: N/A<br>LEI: 969500D830K8WFLKFS83       | Long             | EC               | CORP              | FR        |        66 | NS      | $10260.48     | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| QIAGEN NV                                 | QIAGEN NV                                                 | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |      1764 | NS      | $85626.41     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Grifols SA                                | Grifols SA                                                | CUSIP: N/A<br>LEI: 959800HSSNXWRKBK4N60       | Long             | EC               | CORP              | ES        |      2632 | NS      | $34694.08     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Signify NV                                | Signify NV                                                | CUSIP: N/A<br>LEI: 549300072P3J1X8NZO35       | Long             | EC               | CORP              | NL        |      1000 | NS      | $35973.65     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Poste Italiane SpA                        | Poste Italiane SpA                                        | CUSIP: N/A<br>LEI: 815600354DEDBD0BA991       | Long             | EC               | CORP              | IT        |      3660 | NS      | $38938.03     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Sartorius Stedim Biotech                  | Sartorius Stedim Biotech                                  | CUSIP: N/A<br>LEI: 52990006IVXY7GCSSR39       | Long             | EC               | CORP              | FR        |       190 | NS      | $65871.24     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurobank Ergasias Services and            | Eurobank Ergasias Services and Holdings SA                | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |     20424 | NS      | $27532.79     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Amundi SA                                 | Amundi SA                                                 | CUSIP: N/A<br>LEI: 96950010FL2T1TJKR531       | Long             | EC               | CORP              | FR        |       462 | NS      | $30135.68     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Infrastrutture Wireless Italia            | Infrastrutture Wireless Italiane SpA                      | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               | CORP              | IT        |      2820 | NS      | $30795.46     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Reply SpA                                 | Reply SpA                                                 | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |       180 | NS      | $23267.09     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Ackermans & van Haaren NV                 | Ackermans & van Haaren NV                                 | CUSIP: N/A<br>LEI: 5493005E2GHATS0Z6J59       | Long             | EC               | CORP              | BE        |       180 | NS      | $31094.54     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Evotec SE                                 | Evotec SE                                                 | CUSIP: N/A<br>LEI: 529900F9KI6OYITO9B12       | Long             | EC               | CORP              | DE        |      1264 | NS      | $24720.99     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Sartorius AG                              | Sartorius AG                                              | CUSIP: N/A<br>LEI: 529900EQV2DY4FOAMU38       | Long             | EC               | CORP              | DE        |        20 | NS      | $7338.23      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Sartorius AG                              | Sartorius AG                                              | CUSIP: D6705R119<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |       198 | NS      | $88319.06     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Accor SA                                  | Accor SA                                                  | CUSIP: N/A<br>LEI: 969500QZC2Q0TK11NV07       | Long             | EC               | CORP              | FR        |      1472 | NS      | $47640.29     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| EYDAP SA                                  | Athens Water Supply & Sewage Co SA                        | CUSIP: N/A<br>LEI: 213800SA1M6NZ4YSQU91       | Long             | EC               | CORP              | GR        |       330 | NS      | $2511.31      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CTS Eventim AG & Co KGaA                  | CTS Eventim AG & Co KGaA                                  | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |       472 | NS      | $32994.43     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Infineon Technologies AG                  | Infineon Technologies AG                                  | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |     10316 | NS      | $369141.52    | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| Mytilineos SA                             | Mytilineos SA                                             | CUSIP: N/A<br>LEI: 213800KT8MEUJEJ2KW41       | Long             | EC               | CORP              | GR        |       822 | NS      | $21179.12     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Rational AG                               | Rational AG                                               | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |        38 | NS      | $24869.54     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Aegon NV                                  | Aegon NV                                                  | CUSIP: N/A<br>LEI: O4QK7KMMK83ITNTHUG69       | Long             | EC               | CORP              | NL        |     14200 | NS      | $77743.09     | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Bechtle AG                                | Bechtle AG                                                | CUSIP: D0873U103<br>LEI: 529900HA2QT774RUXW59 | Long             | EC               | CORP              | DE        |       660 | NS      | $27674.60     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Snam SpA                                  | Snam SpA                                                  | CUSIP: N/A<br>LEI: 8156002278562044AF79       | Long             | EC               | CORP              | IT        |     17858 | NS      | $90742.19     | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Public Power Corp SA                      | Public Power Corp SA                                      | CUSIP: N/A<br>LEI: 213800T9Y5XCOVRZ4Y57       | Long             | EC               | CORP              | GR        |      1716 | NS      | $13618.46     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| DWS Group GmbH & Co KGaA                  | DWS Group GmbH & Co KGaA                                  | CUSIP: N/A<br>LEI: 529900VM3464806ERS69       | Long             | EC               | CORP              | DE        |       274 | NS      | $9812.10      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Unibail-Rodamco-Westfield                 | Unibail-Rodamco-Westfield                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |       822 | NS      | $52876.30     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Kojamo Oyj                                | Kojamo Oyj                                                | CUSIP: N/A<br>LEI: 7437007YPUOQZ8OV1R42       | Long             | EC               | CORP              | FI        |      1566 | NS      | $24004.83     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Orange SA                                 | Orange SA                                                 | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |     15360 | NS      | $162343.36    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Sampo Oyj                                 | Sampo Oyj                                                 | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |      3924 | NS      | $205491.26    | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Allianz SE                                | Allianz SE                                                | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      3234 | NS      | $770669.68    | 1.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Munich Re                                 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      1122 | NS      | $403746.30    | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Rheinmetall AG                            | Rheinmetall AG                                            | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       350 | NS      | $81427.20     | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Bankinter SA                              | Bankinter SA                                              | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |      5488 | NS      | $39496.61     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| HELLENIQ ENERGY HOLDINGS S.A.             | HELLENIQ ENERGY HOLDINGS S.A.                             | CUSIP: N/A<br>LEI: 213800YUBJMZYR1SNG35       | Long             | EC               | CORP              | GR        |       472 | NS      | $3971.65      | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Volkswagen AG                             | Volkswagen AG                                             | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |       228 | NS      | $39795.40     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Volkswagen AG                             | Volkswagen AG                                             | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EP               | CORP              | DE        |      1614 | NS      | $222735.65    | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| A2A SpA                                   | A2A SpA                                                   | CUSIP: N/A<br>LEI: 81560076E3944316DB24       | Long             | EC               | CORP              | IT        |     12220 | NS      | $18319.90     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Kering SA                                 | Kering SA                                                 | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |       586 | NS      | $363446.90    | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercedes-Benz Group AG                    | Mercedes-Benz Group AG                                    | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |      6676 | NS      | $494617.98    | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Acciona SA                                | Acciona SA                                                | CUSIP: N/A<br>LEI: 54930002KP75TLLLNO21       | Long             | EC               | CORP              | ES        |       180 | NS      | $35027.83     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortum Oyj                                | Fortum Oyj                                                | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               | CORP              | FI        |      3462 | NS      | $51995.49     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| UCB SA                                    | UCB SA                                                    | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |       972 | NS      | $79654.46     | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Nemetschek SE                             | Nemetschek SE                                             | CUSIP: N/A<br>LEI: 529900R0S2IX1S358J38       | Long             | EC               | CORP              | DE        |       434 | NS      | $23057.90     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| thyssenkrupp AG                           | thyssenkrupp AG                                           | CUSIP: N/A<br>LEI: 549300UDG16DOYUPR330       | Long             | EC               | CORP              | DE        |      3952 | NS      | $30856.74     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Carrefour SA                              | Carrefour SA                                              | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |      4734 | NS      | $89910.18     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Wolters Kluwer NV                         | Wolters Kluwer NV                                         | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |      2076 | NS      | $226029.96    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Elisa Oyj                                 | Elisa Oyj                                                 | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |      1152 | NS      | $65600.28     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Telefonica SA                             | Telefonica SA                                             | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |     40798 | NS      | $154660.19    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Carl Zeiss Meditec AG                     | Carl Zeiss Meditec AG                                     | CUSIP: N/A<br>LEI: 529900GRL4MZ8NMOOK95       | Long             | EC               | CORP              | DE        |       294 | NS      | $42173.97     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                                          | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     18688 | NS      | $1159403.52   | 2.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   2428678 | NS      | $2428678.00   | 5.80%             |  |  |  | No            | N/A                | On Loan: No      |
| Red Electrica Corp SA                     | Red Electrica Corp SA                                     | CUSIP: N/A<br>LEI: 5493009HMD0C90GUV498       | Long             | EC               | CORP              | ES        |      3452 | NS      | $60945.90     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Aroundtown SA                             | Aroundtown SA                                             | CUSIP: N/A<br>LEI: 529900H4DWG3KWMBMQ39       | Long             | EC               | CORP              | LU        |      8618 | NS      | $23881.63     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Neoen SA                                  | Neoen SA                                                  | CUSIP: N/A<br>LEI: 969500C0AIAGQWZGJO13       | Long             | EC               | CORP              | FR        |       350 | NS      | $13062.60     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Arkema SA                                 | Arkema SA                                                 | CUSIP: N/A<br>LEI: 9695000EHMS84KKP2785       | Long             | EC               | CORP              | FR        |       520 | NS      | $52438.68     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Wacker Chemie AG                          | Wacker Chemie AG                                          | CUSIP: N/A<br>LEI: 0NURKC5Q3CJYZPPK5046       | Long             | EC               | CORP              | DE        |       124 | NS      | $18663.90     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Eiffage SA                                | Eiffage SA                                                | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |       594 | NS      | $63259.09     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Amplifon SpA                              | Amplifon SpA                                              | CUSIP: N/A<br>LEI: ZYXJDNVM2JI3VBM8G556       | Long             | EC               | CORP              | IT        |      1038 | NS      | $28516.11     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Aeroports de Paris                        | Aeroports de Paris                                        | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        |       228 | NS      | $35259.39     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Orion Oyj                                 | Orion Oyj                                                 | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |       830 | NS      | $44385.65     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| RTL Group SA                              | RTL Group SA                                              | CUSIP: N/A<br>LEI: 5493000C8J3C3SZYS040       | Long             | EC               | CORP              | LU        |       312 | NS      | $15107.50     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Metso Outotec Oyj                         | Metso Outotec Oyj                                         | CUSIP: N/A<br>LEI: 549300R0VN9C371W0E07       | Long             | EC               | CORP              | FI        |      4856 | NS      | $55510.57     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Galp Energia SGPS SA                      | Galp Energia SGPS SA                                      | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |      4122 | NS      | $56351.27     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Mapfre SA                                 | Mapfre SA                                                 | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |      7920 | NS      | $15885.81     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Vinci SA                                  | Vinci SA                                                  | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |      3918 | NS      | $441447.99    | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Autohellas Tourist and Trading            | Autohellas Tourist and Trading SA                         | CUSIP: N/A<br>LEI: 213800DNMN314TEZPP87       | Long             | EC               | CORP              | GR        |       152 | NS      | $1702.04      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ALD SA                                    | ALD SA                                                    | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |       652 | NS      | $8179.77      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| AIB Group PLC                             | AIB Group PLC                                             | CUSIP: G0R4HJ106<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |      8354 | NS      | $34874.93     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Prosus NV                                 | Prosus NV                                                 | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |      6828 | NS      | $547968.08    | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Grifols SA                                | Grifols SA                                                | CUSIP: E5706X223<br>LEI: 959800HSSNXWRKBK4N60 | Long             | EP               | CORP              | ES        |      2056 | NS      | $18596.63     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Just Eat Takeaway.com NV                  | Just Eat Takeaway.com NV                                  | CUSIP: N4753E105<br>LEI: 724500FVZIBSSQ7SHI95 | Long             | EC               | CORP              | NL        |      1472 | NS      | $37526.53     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| ABN AMRO Bank NV                          | ABN AMRO Bank NV                                          | CUSIP: N/A<br>LEI: BFXS5XCH7N0Y05NIXW11       | Long             | EC               | CORP              | NL        |      3320 | NS      | $54897.81     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Scout24 SE                                | Scout24 SE                                                | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |       624 | NS      | $36211.86     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Covestro AG                               | Covestro AG                                               | CUSIP: N/A<br>LEI: 3912005AWHKLQ1CPLV11       | Long             | EC               | CORP              | DE        |      1416 | NS      | $64839.45     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Delivery Hero SE                          | Delivery Hero SE                                          | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |      1528 | NS      | $91729.17     | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      3188 | NS      | $2106757.92   | 5.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Schneider Electric SE                     | Schneider Electric SE                                     | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      4207 | NS      | $678359.54    | 1.62%             |  |  |  | No            | 1                  | On Loan: No      |
| CTP NV                                    | CTP NV                                                    | CUSIP: N/A<br>LEI: 3157000YTVO4TN65UM14       | Long             | EC               | CORP              | NL        |       538 | NS      | $7755.57      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Vantage Towers AG                         | Vantage Towers AG                                         | CUSIP: N/A<br>LEI: 213800BBQO965UPQ7J59       | Long             | EC               | CORP              | DE        |       746 | NS      | $27233.74     | 0.07%             |  |  |  | No            | 1                  | On Loan: —       |
| JDE Peet's NV                             | JDE Peet's NV                                             | CUSIP: N/A<br>LEI: 724500EHG519SE5ZRT89       | Long             | EC               | CORP              | NL        |       652 | NS      | $19520.87     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Stellantis NV                             | Stellantis NV                                             | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |     16236 | NS      | $253749.28    | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| EXOR NV                                   | EXOR NV                                                   | CUSIP: N/A<br>LEI: 5493002ENHZ6NYET7405       | Long             | EC               | CORP              | NL        |       830 | NS      | $65761.87     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Davide Campari-Milano NV                  | Davide Campari-Milano NV                                  | CUSIP: N/A<br>LEI: 213800ED5AN2J56N6Z02       | Long             | EC               | CORP              | IT        |      3990 | NS      | $42631.02     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Dassault Aviation SA                      | Dassault Aviation SA                                      | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |       190 | NS      | $32367.59     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Energy AG                         | Siemens Energy AG                                         | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |      3432 | NS      | $71338.32     | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Assicurazioni Generali SpA                | Assicurazioni Generali SpA                                | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |     11052 | NS      | $215070.88    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| L'Oreal SA                                | L'Oreal SA                                                | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |      1952 | NS      | $802263.00    | 1.92%             |  |  |  | No            | 1                  | On Loan: No      |
| KBC Group NV                              | KBC Group NV                                              | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      2208 | NS      | $162892.33    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Kerry Group PLC                           | Kerry Group PLC                                           | CUSIP: G52416107<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |      1236 | NS      | $115478.60    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| GEA Group AG                              | GEA Group AG                                              | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |      1312 | NS      | $58978.95     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| ING Groep NV                              | ING Groep NV                                              | CUSIP: 456837103<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     29913 | NS      | $431644.59    | 1.03%             |  |  |  | No            | 1                  | On Loan: —       |
| Bollore SE                                | Bollore SE                                                | CUSIP: N/A<br>LEI: 969500LEKCHH6VV86P94       | Long             | EC               | CORP              | FR        |      7920 | NS      | $44170.29     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| HeidelbergCement AG                       | HeidelbergCement AG                                       | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      1160 | NS      | $79196.38     | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Lufthansa AG                     | Deutsche Lufthansa AG                                     | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |      4790 | NS      | $50569.33     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Naturgy Energy Group SA                   | Naturgy Energy Group SA                                   | CUSIP: N/A<br>LEI: TL2N6M87CW970S5SV098       | Long             | EC               | CORP              | ES        |      1160 | NS      | $32788.31     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Repsol SA                                 | Repsol SA                                                 | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     10042 | NS      | $164739.28    | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke Philips NV                    | Koninklijke Philips NV                                    | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |      7100 | NS      | $122079.49    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Credit Agricole SA                        | Credit Agricole SA                                        | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |      9702 | NS      | $116402.06    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Cie de Saint-Gobain                       | Cie de Saint-Gobain                                       | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      3678 | NS      | $210122.30    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Enagas SA                                 | Enagas SA                                                 | CUSIP: N/A<br>LEI: 213800OU3FQKGM4M2U23       | Long             | EC               | CORP              | ES        |      1990 | NS      | $35620.71     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Wendel SE                                 | Wendel SE                                                 | CUSIP: N/A<br>LEI: 969500M98ZMIZYJD5O34       | Long             | EC               | CORP              | FR        |       218 | NS      | $22988.78     | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Klepierre SA                              | Klepierre SA                                              | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |      1500 | NS      | $37930.51     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Hera SpA                                  | Hera SpA                                                  | CUSIP: N/A<br>LEI: 8156009414FD99443B48       | Long             | EC               | CORP              | IT        |      6300 | NS      | $18019.76     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Telecom Italia SpA/Milano                 | Telecom Italia SpA/Milano                                 | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |     86018 | NS      | $24678.37     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Telecom Italia SpA/Milano                 | Telecom Italia SpA/Milano                                 | CUSIP: N/A<br>LEI: 549300W384M3RI3VXU42       | Long             | EC               | CORP              | IT        |     48350 | NS      | $13456.25     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Gecina SA                                 | Gecina SA                                                 | CUSIP: N/A<br>LEI: 9695003E4MMA10IBTR26       | Long             | EC               | CORP              | FR        |       416 | NS      | $49114.63     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Covivio                                   | Covivio                                                   | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |       406 | NS      | $27784.94     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Heineken NV                               | Heineken NV                                               | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |      1906 | NS      | $189679.99    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Danone SA                                 | Danone SA                                                 | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      4884 | NS      | $267126.94    | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Air Liquide SA                            | Air Liquide SA                                            | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      4040 | NS      | $641505.48    | 1.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Aegean Airlines SA                        | Aegean Airlines SA                                        | CUSIP: N/A<br>LEI: 213800VI8OH5EJM18L21       | Long             | EC               | CORP              | GR        |       294 | NS      | $2077.54      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| DiaSorin SpA                              | DiaSorin SpA                                              | CUSIP: N/A<br>LEI: 8156002878BDF0EE4348       | Long             | EC               | CORP              | IT        |       180 | NS      | $23335.58     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| CaixaBank SA                              | CaixaBank SA                                              | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |     34472 | NS      | $152415.23    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Iberdrola SA                              | Iberdrola SA                                              | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     47766 | NS      | $557972.77    | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Bureau Veritas SA                         | Bureau Veritas SA                                         | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |      2282 | NS      | $65097.93     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Fluidra SA                                | Fluidra SA                                                | CUSIP: N/A<br>LEI: 95980020140005026620       | Long             | EC               | CORP              | ES        |       896 | NS      | $15741.17     | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Terna Energy SA                           | Terna Energy SA                                           | CUSIP: N/A<br>LEI: 5493006164JBW2E60O73       | Long             | EC               | CORP              | GR        |       416 | NS      | $9045.05      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Getlink SE                                | Getlink SE                                                | CUSIP: N/A<br>LEI: 9695007ZEQ7M0OE74G82       | Long             | EC               | CORP              | FR        |      3660 | NS      | $61793.14     | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP Renovaveis SA                         | EDP Renovaveis SA                                         | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               | CORP              | ES        |      1924 | NS      | $41718.32     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Edenred                                   | Edenred                                                   | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |      1990 | NS      | $108149.35    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| FF Group                                  | FF Group                                                  | CUSIP: N/A<br>LEI: 213800ZMDLVEKZIKFX90       | Long             | EC               | CORP              | GR        |      1259 | NS      | $6569.84      | 0.02%             |  |  |  | No            | 3                  | On Loan: No      |
| Ageas SA/NV                               | Ageas SA/NV                                               | CUSIP: N/A<br>LEI: 5493005DJBML6LY3RV36       | Long             | EC               | CORP              | BE        |      1472 | NS      | $71628.46     | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| UnipolSai Assicurazioni SpA               | UnipolSai Assicurazioni SpA                               | CUSIP: N/A<br>LEI: 815600E31C4E7006AB54       | Long             | EC               | CORP              | IT        |      3414 | NS      | $9056.10      | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Commerzbank AG                            | Commerzbank AG                                            | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |      8336 | NS      | $94838.49     | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| ASR Nederland NV                          | ASR Nederland NV                                          | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |      1160 | NS      | $54706.04     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Valeo                                     | Valeo                                                     | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | EC               | CORP              | FR        |      1934 | NS      | $42019.25     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| CNH Industrial NV                         | CNH Industrial NV                                         | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |      7912 | NS      | $138914.16    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-03-07

**Name of Applicant:** Pacer Funds Trust

**Signature:** /s/ Bruce Kavanaugh

**Name of Signer:** Pacer Funds Trust

**Title:** Vice President