# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-23-029945
**Filing Date:** 2023-2
**Character Count:** 63377
**Document Hash:** 1302d511d4d3b46f5c1fc4f9ea393aad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-029945.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-029945

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAM BLAIR FUNDS
- **CENTRAL INDEX KEY:** 0000822632
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05344
- **FILM NUMBER:** 23645611

**BUSINESS ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3123648000

**MAIL ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILLIAM BLAIR MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19960112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLAIR WILLIAM READY RESERVES INC
- **DATE OF NAME CHANGE:** 19920316

## Series and Classes Contracts Data

### William Blair International Growth Fund (Series ID: S000008604)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023544 | Class N      | WBIGX           |
| C000023545 | Class I      | BIGIX           |
| C000211722 | Class R6     | WBIRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** WILLIAM BLAIR FUNDS

- **b. Investment Company Act file number:** 811-05344

- **c. CIK number of Registrant:** 0000822632

- **d. LEI of Registrant:** SNQR0U5FDV8EZZX4W051

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

  - **Street Address 1:** 150 NORTH RIVERSIDE PLAZA

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-364-8000

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

- **a. Name of Series:** William Blair International Growth Fund

- **b. EDGAR series identifier (if any):** S000008604

- **c. LEI of Series:** P3ZQX3NWJ6WGTUNS6P40

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1439280083.68

**Total Liabilities:** $2461870.35

**Net Assets:** $1436818213.33

**Cash Not Reported:** $146266.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023545 | 6.58%                | 10.29%               | -4.24%               |
| Class ID C000023544 | 6.53%                | 10.26%               | -4.25%               |
| Class ID C000211722 | 6.57%                | 10.27%               | -4.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1110682.81             | $90863330.99                               |
| Month 2  | $-11430167.84            | $159504669.35                              |
| Month 3  | $10707169.70             | $-76476808.24                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Domino's Pizza Enterprises Ltd            | Domino's Pizza Enterprises Ltd            | CUSIP: 000000000<br>LEI: 54930034RFI409JZ3179 | Long             | EC               | CORP              | AU        |     58834 | NS      | $2653785.32   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                             | Nemetschek SE                             | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     42073 | NS      | $2147815.56   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE       | LVMH Moet Hennessy Louis Vuitton SE       | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |     26961 | NS      | $19622178.32  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Weir Group PLC/The                        | Weir Group PLC/The                        | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    215753 | NS      | $4353329.65   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Healthcare Institute Ltd              | Max Healthcare Institute Ltd              | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    382687 | NS      | $2036248.25   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd    | Contemporary Amperex Technology Co Ltd    | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     68000 | NS      | $3848347.89   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                | L'Oreal SA                                | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |     36228 | NS      | $12937089.47  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplifon SpA                              | Amplifon SpA                              | CUSIP: 000000000<br>LEI: ZYXJDNVM2JI3VBM8G556 | Long             | EC               | CORP              | IT        |    106973 | NS      | $3185645.76   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                              | KBC Group NV                              | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |    285727 | NS      | $18375847.83  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Greggs PLC                                | Greggs PLC                                | CUSIP: 000000000<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |    137891 | NS      | $3910860.31   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Parkland Corp                             | Parkland Corp                             | CUSIP: 70137W108<br>LEI: 549300UY5C6HUV0XLS53 | Long             | EC               | CORP              | CA        |    161903 | NS      | $3552539.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristocrat Leisure Ltd                    | Aristocrat Leisure Ltd                    | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |    117994 | NS      | $2451861.77   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd       | Shenzhen Inovance Technology Co Ltd       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    653192 | NS      | $6530322.65   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Toromont Industries Ltd                   | Toromont Industries Ltd                   | CUSIP: 891102105<br>LEI: 5493008W5EPRSLQ0B737 | Long             | EC               | CORP              | CA        |     62072 | NS      | $4479361.24   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     31935 | NS      | $17222304.53  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                      | Straumann Holding AG                      | CUSIP: 000000000<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     64248 | NS      | $7337466.93   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Netwealth Group Ltd                       | Netwealth Group Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    252696 | NS      | $2081782.08   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG                 | Partners Group Holding AG                 | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |     12030 | NS      | $10626836.10  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Unilever Ltd                    | Hindustan Unilever Ltd                    | CUSIP: 000000000<br>LEI: 5493007IW5N37IKRPM32 | Long             | EC               | CORP              | IN        |    295477 | NS      | $9157536.90   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| InterGlobe Aviation Ltd                   | InterGlobe Aviation Ltd                   | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |    239568 | NS      | $5794893.06   | 0.40%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Disco Corp                                | Disco Corp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12400 | NS      | $3566747.94   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                       | Amadeus IT Group SA                       | CUSIP: 000000000<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |    337053 | NS      | $17516753.23  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp                              | Olympus Corp                              | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    609000 | NS      | $10914111.55  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Steadfast Group Ltd                       | Steadfast Group Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    839014 | NS      | $3124698.10   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltas Ltd                                | Voltas Ltd                                | CUSIP: 000000000<br>LEI: 335800VVTQSSZ7NV7F51 | Long             | EC               | CORP              | IN        |    269427 | NS      | $2602105.32   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                 | Airbus SE                                 | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |    173466 | NS      | $20614925.41  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                               | Infosys Ltd                               | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    605269 | NS      | $11037215.20  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| VAT Group AG                              | VAT Group AG                              | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |     14820 | NS      | $4051799.06   | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| AutoStore Holdings Ltd                    | AutoStore Holdings Ltd                    | CUSIP: 000000000<br>LEI: 549300KYN3M0LSM5A413 | Long             | EC               | CORP              | BM        |   1626178 | NS      | $2975383.87   | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Novo Nordisk A/S                          | Novo Nordisk A/S                          | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |    202169 | NS      | $27298111.65  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                 | Linde PLC                                 | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |     55981 | NS      | $18259882.58  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd           | Apollo Hospitals Enterprise Ltd           | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     52745 | NS      | $2853700.23   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd                  | Mizrahi Tefahot Bank Ltd                  | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |     94220 | NS      | $3053016.41   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                | BYD Co Ltd                                | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    153200 | NS      | $5663047.02   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                | FIXED INC CLEARING CORP.REPO              | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |   6590477 | PA      | $6590477.20   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                    | DBS Group Holdings Ltd                    | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    768900 | NS      | $19472217.41  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pidilite Industries Ltd                   | Pidilite Industries Ltd                   | CUSIP: 000000000<br>LEI: 335800APXGEBZ349GN74 | Long             | EC               | CORP              | IN        |    121266 | NS      | $3751433.26   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Havells India Ltd                         | Havells India Ltd                         | CUSIP: 000000000<br>LEI: 549300U1LOGHTTNT7D47 | Long             | EC               | CORP              | IN        |    249713 | NS      | $3326287.03   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank/The                 | Toronto-Dominion Bank/The                 | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |    267974 | NS      | $17351019.63  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Intermediate Capital Group PLC            | Intermediate Capital Group PLC            | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    313126 | NS      | $4345796.58   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecan Group AG                            | Tecan Group AG                            | CUSIP: 000000000<br>LEI: 529900CSN9R3BLETSL26 | Long             | EC               | CORP              | CH        |     11969 | NS      | $5338252.96   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Industries Ltd                   | Reliance Industries Ltd                   | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               | CORP              | IN        |    702702 | NS      | $21634014.19  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Metro Inc/CN                              | Metro Inc/CN                              | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |    273005 | NS      | $15116089.25  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                | Globant SA                                | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |     23719 | NS      | $3988587.04   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifco AB                                  | Lifco AB                                  | CUSIP: 000000000<br>LEI: 549300RTLL4VDQRCTW41 | Long             | EC               | CORP              | SE        |    245870 | NS      | $4103390.13   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                                 | Thales SA                                 | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |    181905 | NS      | $23230109.71  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnoPro Holdings Inc                    | TechnoPro Holdings Inc                    | CUSIP: 000000000<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |    194500 | NS      | $5224112.31   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                                | Genmab A/S                                | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |     26279 | NS      | $11125487.85  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Metso Outotec Oyj                         | Metso Outotec Oyj                         | CUSIP: 000000000<br>LEI: 549300R0VN9C371W0E07 | Long             | EC               | CORP              | FI        |    327293 | NS      | $3367570.22   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT           | Telkom Indonesia Persero Tbk PT           | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |  32729900 | NS      | $7884189.82   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd                     | Daikin Industries Ltd                     | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     99300 | NS      | $15283907.35  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                              | 3i Group PLC                              | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |    404645 | NS      | $6562559.15   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollarama Inc                             | Dollarama Inc                             | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |    277301 | NS      | $16218217.27  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                          | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    126208 | NS      | $7923573.33   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                              | MediaTek Inc                              | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    253000 | NS      | $5144702.38   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                | Tenaris SA                                | CUSIP: 000000000<br>LEI: 549300Y7C05BKC4HZB40 | Long             | EC               | CORP              | LU        |    674961 | NS      | $11766102.39  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                      | Big Yellow Group PLC                      | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |    217432 | NS      | $3015055.10   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV              | Wal-Mart de Mexico SAB de CV              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   3834600 | NS      | $13554370.87  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                                 | Neste Oyj                                 | CUSIP: 000000000<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |    299909 | NS      | $13811030.53  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                              | Evolution AB                              | CUSIP: 000000000<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |     71949 | NS      | $7001252.02   | 0.49%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                             | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    965373 | NS      | $19020403.60  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                  | Adyen NV                                  | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      6337 | NS      | $8739782.08   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Drive Systems Inc                | Harmonic Drive Systems Inc                | CUSIP: 000000000<br>LEI: 353800XFIX2EUARGOE85 | Long             | EC               | CORP              | JP        |     62200 | NS      | $1760690.34   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax-Sarco Engineering PLC              | Spirax-Sarco Engineering PLC              | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     51159 | NS      | $6565237.18   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Rotork PLC                                | Rotork PLC                                | CUSIP: 000000000<br>LEI: 213800AH5RZIHGWRJ718 | Long             | EC               | CORP              | GB        |   1775434 | NS      | $6580896.46   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                  | Bank Central Asia Tbk PT                  | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  34325500 | NS      | $18852290.03  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                       | MTU Aero Engines AG                       | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |     83583 | NS      | $18091113.02  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SCSK Corp                                 | SCSK Corp                                 | CUSIP: 000000000<br>LEI: 529900SNGFXMSUBB7864 | Long             | EC               | CORP              | JP        |    179500 | NS      | $2736814.23   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                         | Compass Group PLC                         | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    989310 | NS      | $22933806.66  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC                               | Beazley PLC                               | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    442058 | NS      | $3631425.10   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                      | Rentokil Initial PLC                      | CUSIP: 000000000<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |   1922283 | NS      | $11805636.66  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Proya Cosmetics Co Ltd                    | Proya Cosmetics Co Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    187878 | NS      | $4526347.14   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd              | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    400500 | NS      | $4469127.34   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                  | Nice Ltd                                  | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     29443 | NS      | $5661888.90   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                        | Kingspan Group PLC                        | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |    112777 | NS      | $6106122.93   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                              | Keyence Corp                              | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     41300 | NS      | $16181392.87  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV            | BE Semiconductor Industries NV            | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     55979 | NS      | $3389227.47   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Benefit One Inc                           | Benefit One Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    146800 | NS      | $2162179.21   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co KGaA                  | CTS Eventim AG & Co KGaA                  | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |    100055 | NS      | $6383387.91   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC           | London Stock Exchange Group PLC           | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    190456 | NS      | $16430768.46  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinaxis Inc                               | Kinaxis Inc                               | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |     36049 | NS      | $4044463.51   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Indutrade AB                              | Indutrade AB                              | CUSIP: 000000000<br>LEI: 549300FISLQ6CEFP1867 | Long             | EC               | CORP              | SE        |    214256 | NS      | $4334460.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                   | DSV A/S                                   | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |    119506 | NS      | $18863121.01  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                            | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |   1176630 | NS      | $13880712.52  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                           | AstraZeneca PLC                           | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    171325 | NS      | $23235100.29  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                   | Sika AG                                   | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     41224 | NS      | $9884130.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                 | Shin-Etsu Chemical Co Ltd                 | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     58700 | NS      | $7256991.01   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                                  | ICON PLC                                  | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |    103509 | NS      | $20106623.25  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                   | SSE PLC                                   | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |    355440 | NS      | $7356621.90   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Elevator Service Holdings Co Ltd    | Japan Elevator Service Holdings Co Ltd    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    156900 | NS      | $1977389.52   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Info Edge India Ltd                       | Info Edge India Ltd                       | CUSIP: 000000000<br>LEI: 335800MXUVHTBF9DEC78 | Long             | EC               | CORP              | IN        |     53593 | NS      | $2534800.55   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Carl Zeiss Meditec AG                     | Carl Zeiss Meditec AG                     | CUSIP: 000000000<br>LEI: 529900GRL4MZ8NMOOK95 | Long             | EC               | CORP              | DE        |     34907 | NS      | $4405472.67   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                                   | IMCD NV                                   | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     33491 | NS      | $4773483.95   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Railway Ltd              | Canadian Pacific Railway Ltd              | CUSIP: 13645T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    247070 | NS      | $18428951.30  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                    | WEG SA                                    | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |    375600 | NS      | $2739591.08   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First Abu Dhabi Bank PJSC                 | First Abu Dhabi Bank PJSC                 | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |    915997 | NS      | $4264975.41   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                            | Lonza Group AG                            | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |     28514 | NS      | $13972523.01  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Foshan Haitian Flavouring & Food Co Ltd   | Foshan Haitian Flavouring & Food Co Ltd   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    357691 | NS      | $4095718.11   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Belimo Holding AG                         | Belimo Holding AG                         | CUSIP: 000000000<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |      7925 | NS      | $3771156.65   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA               | FinecoBank Banca Fineco SpA               | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |    411181 | NS      | $6831104.61   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Renishaw PLC                              | Renishaw PLC                              | CUSIP: 000000000<br>LEI: 21380048ADXM6Z67CT18 | Long             | EC               | CORP              | GB        |     46410 | NS      | $2058018.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CSL Ltd                                   | CSL Ltd                                   | CUSIP: 000000000<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |     89000 | NS      | $17437007.75  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                         | Ashtead Group PLC                         | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |    196137 | NS      | $11192056.71  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon M&A Center Holdings Inc             | Nihon M&A Center Holdings Inc             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    323800 | NS      | $4019126.79   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                 | Zurich Insurance Group AG                 | CUSIP: 000000000<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     49267 | NS      | $23566532.31  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                         | EDP Renovaveis SA                         | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |    302974 | NS      | $6674471.94   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Silergy Corp                              | Silergy Corp                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    106000 | NS      | $1505392.79   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Locaweb Servicos de Internet SA           | Locaweb Servicos de Internet SA           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1264893 | NS      | $1681812.37   | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Hoya Corp                                 | Hoya Corp                                 | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |    103400 | NS      | $10009882.66  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                   | Lululemon Athletica Inc                   | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     34889 | NS      | $11177737.82  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd                                   | UPL Ltd                                   | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |    348752 | NS      | $3023388.55   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Britannia Industries Ltd                  | Britannia Industries Ltd                  | CUSIP: 000000000<br>LEI: 335800RRN5EVHNNAXN80 | Long             | EC               | CORP              | IN        |     55349 | NS      | $2887240.14   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                              | Experian PLC                              | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    439438 | NS      | $14944304.81  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Diploma PLC                               | Diploma PLC                               | CUSIP: 000000000<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |    108610 | NS      | $3645000.99   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co Ltd                        | Samsung SDI Co Ltd                        | CUSIP: 000000000<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |     13197 | NS      | $6167992.88   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Softcat PLC                               | Softcat PLC                               | CUSIP: 000000000<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |    158423 | NS      | $2267661.94   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                           | MonotaRO Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    349700 | NS      | $4948132.43   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Moncler SpA                               | Moncler SpA                               | CUSIP: 000000000<br>LEI: 815600EBD7FB00525B20 | Long             | EC               | CORP              | IT        |     76705 | NS      | $4064387.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Food & Life Cos Ltd                       | Food & Life Cos Ltd                       | CUSIP: 000000000<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |    111500 | NS      | $2207231.03   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao               | B3 SA - Brasil Bolsa Balcao               | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   2629800 | NS      | $6579792.23   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                               | Euronext NV                               | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     61267 | NS      | $4535736.12   | 0.32%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Intact Financial Corp                     | Intact Financial Corp                     | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |    127064 | NS      | $18291022.33  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International                      | Hermes International                      | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |      8097 | NS      | $12524435.69  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                              | Capgemini SE                              | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     70407 | NS      | $11753505.08  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Abcam PLC                                 | Abcam PLC                                 | CUSIP: 000380204<br>LEI: 213800B9N83DSNT33F79 | Long             | EC               | CORP              | GB        |    143370 | NS      | $2230837.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV | Grupo Aeroportuario del Sureste SAB de CV | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     26476 | NS      | $6168643.24   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemnet Group AB                           | Hemnet Group AB                           | CUSIP: 000000000<br>LEI: 5493008VIU67J3HUAR07 | Long             | EC               | CORP              | SE        |    147819 | NS      | $1779236.54   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                  | Vinci SA                                  | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |    180291 | NS      | $18004261.88  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Galenica AG                               | Galenica AG                               | CUSIP: 000000000<br>LEI: 506700W4772BD8016Z20 | Long             | EC               | CORP              | CH        |     52687 | NS      | $4304875.20   | 0.30%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Royal Unibrew A/S                         | Royal Unibrew A/S                         | CUSIP: 000000000<br>LEI: 529900D69KFL8IAP8Q63 | Long             | EC               | CORP              | DK        |     49692 | NS      | $3542990.67   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon AB                                | Hexagon AB                                | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |   1267475 | NS      | $13239747.10  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                 | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |   1310800 | NS      | $14484302.63  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                | Diageo PLC                                | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    388585 | NS      | $17146965.41  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Group PLC                             | CVS Group PLC                             | CUSIP: 000000000<br>LEI: 213800J41XDQ2NX48O05 | Long             | EC               | CORP              | GB        |    123919 | NS      | $2900358.14   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SES-imagotag SA                           | SES-imagotag SA                           | CUSIP: 000000000<br>LEI: 969500U51BYOMEW9M549 | Long             | EC               | CORP              | FR        |     17063 | NS      | $2228339.72   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                          | Raia Drogasil SA                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    589800 | NS      | $2649757.28   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA                    | Brunello Cucinelli SpA                    | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |     62893 | NS      | $4652073.19   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SMS Co Ltd                                | SMS Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     75900 | NS      | $1940296.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SIG Group AG                              | SIG Group AG                              | CUSIP: 000000000<br>LEI: 5493004Z6P7TSVB1L042 | Long             | EC               | CORP              | CH        |    291961 | NS      | $6378210.35   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TIS Inc                                   | TIS Inc                                   | CUSIP: 000000000<br>LEI: 35380064HYEZXBQHDF07 | Long             | EC               | CORP              | JP        |    265600 | NS      | $7042730.87   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Crompton Greaves Consumer Electricals Ltd | Crompton Greaves Consumer Electricals Ltd | CUSIP: 000000000<br>LEI: 335800DIIEEWMH3UDH51 | Long             | EC               | CORP              | IN        |    651076 | NS      | $2651759.44   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                           | Pro Medicus Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     83345 | NS      | $3135753.82   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co              | Canadian National Railway Co              | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |    149121 | NS      | $17713900.77  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE                      | Dassault Systemes SE                      | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |    285244 | NS      | $10227339.69  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                   | Rumo SA                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    718700 | NS      | $2533265.21   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Petronet LNG Ltd                          | Petronet LNG Ltd                          | CUSIP: 000000000<br>LEI: 335800KIIKNA7GRD9351 | Long             | EC               | CORP              | IN        |   1244649 | NS      | $3242135.37   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                             | Credicorp Ltd                             | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     21708 | NS      | $2944907.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    183058 | NS      | $13635990.42  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalwafers Co Ltd                       | Globalwafers Co Ltd                       | CUSIP: 000000000<br>LEI: 529900V6RTNF3U5EGX67 | Long             | EC               | CORP              | TW        |    120000 | NS      | $1669079.73   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ConvaTec Group PLC                        | ConvaTec Group PLC                        | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |   2703170 | NS      | $7601362.51   | 0.53%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Vitrolife AB                              | Vitrolife AB                              | CUSIP: 000000000<br>LEI: 5493001WDZMONMSPPR49 | Long             | EC               | CORP              | SE        |     72760 | NS      | $1298333.18   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                                | Inmode Ltd                                | CUSIP: 000000000<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |     87559 | NS      | $3125856.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      6443 | NS      | $5452324.32   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Siegfried Holding AG                      | Siegfried Holding AG                      | CUSIP: 000000000<br>LEI: 506700J9QD6IF3937W06 | Long             | EC               | CORP              | CH        |      5139 | NS      | $3409697.18   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtac International Group                | Airtac International Group                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    110713 | NS      | $3353574.95   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA                    | Warehouses De Pauw CVA                    | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |     87468 | NS      | $2499923.03   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius Stedim Biotech                  | Sartorius Stedim Biotech                  | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |     26062 | NS      | $8439161.54   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                                 | Segro PLC                                 | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    379623 | NS      | $3504506.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                             | AIA Group Ltd                             | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   1812200 | NS      | $20152452.45  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectris PLC                              | Spectris PLC                              | CUSIP: 000000000<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | EC               | CORP              | GB        |     77598 | NS      | $2816239.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent Consulting Inc                 | BayCurrent Consulting Inc                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     94700 | NS      | $2969296.71   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CCL Industries Inc                        | CCL Industries Inc                        | CUSIP: 124900309<br>LEI: 549300TD3EMSRRC0YH75 | Long             | EC               | CORP              | CA        |    113948 | NS      | $4867616.19   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakus Co Ltd                              | Rakus Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    165800 | NS      | $2001121.61   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Thule Group AB                            | Thule Group AB                            | CUSIP: 000000000<br>LEI: 549300XHHOGBOERKU333 | Long             | EC               | CORP              | SE        |     83544 | NS      | $1742960.25   | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bunzl PLC                                 | Bunzl PLC                                 | CUSIP: 000000000<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |    199980 | NS      | $6670319.55   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp Ltd                              | Bid Corp Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    183914 | NS      | $3570310.18   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                 | Safran SA                                 | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |    138464 | NS      | $17329732.57  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast A/S                             | Coloplast A/S                             | CUSIP: 000000000<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |     49731 | NS      | $5812974.61   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Croda International PLC                   | Croda International PLC                   | CUSIP: 000000000<br>LEI: 2138004WCNBFJEEOXV26 | Long             | EC               | CORP              | GB        |     72088 | NS      | $5755438.49   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc                 | Tokio Marine Holdings Inc                 | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    545200 | NS      | $11746060.65  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Gjensidige Forsikring ASA                 | Gjensidige Forsikring ASA                 | CUSIP: 000000000<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |    156167 | NS      | $3063785.87   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GMO Payment Gateway Inc                   | GMO Payment Gateway Inc                   | CUSIP: 000000000<br>LEI: 353800Q6U21E2PM83F86 | Long             | EC               | CORP              | JP        |     37700 | NS      | $3136879.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                               | Equinor ASA                               | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |    206657 | NS      | $7420987.73   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                  | Infineon Technologies AG                  | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    549394 | NS      | $16719641.16  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT Inc                                 | SHIFT Inc                                 | CUSIP: 000000000<br>LEI: 353800HJXMOPLJ7BO262 | Long             | EC               | CORP              | JP        |     24900 | NS      | $4428268.82   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance                           | Teleperformance                           | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |     51068 | NS      | $12174054.66  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                 | Halma PLC                                 | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    418691 | NS      | $9991924.62   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijer Ref AB                             | Beijer Ref AB                             | CUSIP: 000000000<br>LEI: 549300PZZEUVH08H4G75 | Long             | EC               | CORP              | SE        |    224147 | NS      | $3159798.53   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweco AB                                  | Sweco AB                                  | CUSIP: 000000000<br>LEI: 549300Q4Y55VICYV6U90 | Long             | EC               | CORP              | SE        |    187616 | NS      | $1795278.09   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-17

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer