# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-26-002994
**Filing Date:** 2026-4
**Character Count:** 101970
**Document Hash:** 4e7033b58ffa62eedfac7d468c496a5f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-002994.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0001004726-26-002994

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 26891886

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Emerging Markets Fund (Formerly USAA Emerging Markets Fund) (Series ID: S000012927)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000034897 | Victory Emerging Markets Fund Shares               | USEMX           |
| C000066846 | Victory Emerging Markets Fund Institutional Shares | UIEMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000012927

- **c. LEI of Series:** 549300QVU13OKCKSH254

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2026-02-28

**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:** $751747437.14

**Total Liabilities:** $8433221.45

**Net Assets:** $743314215.69

**Cash Not Reported:** $15260481.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000066846 | 2.63%                | 9.52%                | 5.57%                |
| Class ID C000034897 | 2.62%                | 9.49%                | 5.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5535735.73              | $10065553.80                               |
| Month 2  | $11550339.66             | $50586038.32                               |
| Month 3  | $5139915.50              | $34195383.68                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| InPost S.A.                                                   | INPOST SA                                          | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               | CORP              | LU        |     48760 | NS      | $875164.97    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| ASE Technology Holding Co., Ltd.                              | ASE TECHNOLOGY HOLDING CO LTD                      | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |    453000 | NS      | $5459505.95   | 0.73%             |  |  |  | No            | 2                  | On Loan: No      |
| Zijin Mining Group Company Limited                            | ZIJIN MINING GROUP CO LTD                          | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |   1776000 | NS      | $10165833.81  | 1.37%             |  |  |  | No            | 2                  | On Loan: No      |
| ALIOR BANK SPOLKA AKCYJNA                                     | ALIOR BANK SA                                      | CUSIP: N/A<br>LEI: 259400QHDOZWMJ103294       | Long             | EC               | CORP              | PL        |     12795 | NS      | $429193.12    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| BOSIDENG INTERNATIONAL HOLDINGS LIMITED                       | BOSIDENG INTERNATIONAL HOLDINGS LTD                | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |   2652000 | NS      | $1644043.29   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| WELSPUN CORP LIMITED                                          | WELSPUN CORP LTD                                   | CUSIP: N/A<br>LEI: 335800XKRIPYYRZNRQ31       | Long             | EC               | CORP              | IN        |     74549 | NS      | $678214.71    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Nan Pao Resins Chemical Co Ltd                                | NAN PAO RESINS CHEMICAL CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     59000 | NS      | $616946.59    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| JD Health International Inc                                   | JD HEALTH INTERNATIONAL INC                        | CUSIP: G5074A100<br>LEI: 254900OM3MAXYK8PCC84 | Long             | EC               | CORP              | KY        |    398400 | NS      | $2883519.78   | 0.39%             |  |  |  | Yes           | 2                  | On Loan: No      |
| LIC HOUSING FINANCE LTD                                       | LIC HOUSING FINANCE LTD                            | CUSIP: N/A<br>LEI: 335800NFSMJ2ZKBCYP06       | Long             | EC               | CORP              | IN        |     88308 | NS      | $522698.40    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| LG INNOTEK CO.,LTD                                            | LG INNOTEK CO LTD                                  | CUSIP: N/A<br>LEI: 988400KTHH2LMUX7EB48       | Long             | EC               | CORP              | KR        |      3703 | NS      | $820536.28    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| EPAM SYSTEMS, INC.                                            | EPAM SYSTEMS INC                                   | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      8590 | NS      | $1211190.00   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| SANLAM LIMITED                                                | SANLAM LTD                                         | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |    831539 | NS      | $5556596.85   | 0.75%             |  |  |  | No            | 2                  | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                            | AGRICULTURAL BANK OF CHINA LTD                     | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   6144000 | NS      | $4160183.73   | 0.56%             |  |  |  | No            | 2                  | On Loan: No      |
| ASE Technology Holding Co., Ltd.                              | ASE TECHNOLOGY HOLDING ADR                         | CUSIP: 00215W100<br>LEI: 300300GO8QHPMV87NZ73 | Long             |  | CORP              | TW        |    242788 | NS      | $5897320.52   | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| NUVAMA WEALTH MANAGEMENT LIMITED                              | NUVAMA WEALTH MANAGEMENT LTD                       | CUSIP: N/A<br>LEI: 3358002Y23HZBJW49C38       | Long             | EC               | CORP              | IN        |     28568 | NS      | $391250.26    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Alibaba Group Holding Limited                                 | ALIBABA GROUP HOLDING LTD                          | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   1245804 | NS      | $22545566.87  | 3.03%             |  |  |  | No            | 2                  | On Loan: No      |
| KALPATARU PROJECTS INTERNATIONAL LIMITED                      | KALPATARU PROJECTS INTERNATIONAL LTD               | CUSIP: N/A<br>LEI: 3358005ZIDG7MGP6TY07       | Long             | EC               | CORP              | IN        |     63614 | NS      | $867904.38    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| CHILEAN PESO                                                  | CHILEAN PESO                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CL        |   2972527 | NS      | $3407.81      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                                    | BHARAT ELECTRONICS LTD                             | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |    809782 | NS      | $3965275.20   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| ROSNEFT PJSC                                                  | ROSNEFT PJSC                                       | CUSIP: 67812M207<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |    457159 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| PAN AFRICAN RESOURCES PLC                                     | PAN AFRICAN RESOURCES PLC                          | CUSIP: N/A<br>LEI: 213800EAXURCXMX6RL85       | Long             | EC               | CORP              | GB        |    735368 | NS      | $1776671.18   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Titan SA                                                      | TITAN CEMENT INTERNATIONAL SA                      | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |    110052 | NS      | $6828238.16   | 0.92%             |  |  |  | No            | 2                  | On Loan: No      |
| SBERBANK OF RUSSIA ADR                                        | SBERBANK OF RUSSIA ADR                             | CUSIP: 80585Y308<br>LEI: N/A                  | Long             |  | CORP              | RU        |    329652 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Harbin Electric Company Limited                               | HARBIN ELECTRIC CO LTD                             | CUSIP: N/A<br>LEI: 529900QH6Y4U07RU0U61       | Long             | EC               | CORP              | CN        |    308000 | NS      | $1105352.73   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Leeno Industrial Inc                                          | LEENO INDUSTRIAL INC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     11712 | NS      | $867764.42    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| NOVATEK MICROELECTRONICS CORP.                                | NOVATEK MICROELECTRONICS COR                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     93000 | NS      | $1161478.14   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| PT Perusahaan Gas Negara Tbk                                  | PERUSAHAAN GAS NEGARA PERSERO                      | CUSIP: N/A<br>LEI: 549300OX1VFDX7ZPN240       | Long             | EC               | CORP              | ID        |   4042100 | NS      | $576127.38    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| AURAS Technology Co.,Ltd.                                     | AURAS TECHNOLOGY CO LTD                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     20894 | NS      | $754715.68    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| MOTIVA INFRAESTRUTURA DE MOBILIDADE S.A.                      | MOTIVA INFRAESTRUTURA DE MOBILIDADE SA             | CUSIP: N/A<br>LEI: 254900H4EUL83CCQ6781       | Long             | EC               | CORP              | BR        |    574720 | NS      | $1866774.87   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| PT Japfa Comfeed Indonesia Tbk.                               | JAPFA COMFEED INDONESIA TBK PT                     | CUSIP: N/A<br>LEI: 549300VJMRP8O87R3147       | Long             | EC               | CORP              | ID        |   5248000 | NS      | $744287.14    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Just Dial Ltd                                                 | JUST DIAL LTD                                      | CUSIP: N/A<br>LEI: 894500VMGYJE9GSAZ158       | Long             | EC               | CORP              | IN        |     35401 | NS      | $214012.62    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| ZETRIX AI BERHAD                                              | ZETRIX AI BERHAD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   4346900 | NS      | $916886.02    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| STRIDES PHARMA SCIENCE LIMITED                                | STRIDES PHARMA SCIENCE LTD                         | CUSIP: N/A<br>LEI: 335800WHFYXUCHR9DD10       | Long             | EC               | CORP              | IN        |     46209 | NS      | $433792.66    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| ASK Automotive Ltd                                            | ASK AUTOMOTIVE LTD                                 | CUSIP: N/A<br>LEI: 335800JQETY6RD4Y6N79       | Long             | EC               | CORP              | IN        |    137843 | NS      | $630496.92    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| EXXARO RESOURCES LIMITED                                      | EXXARO RESOURCES LTD                               | CUSIP: N/A<br>LEI: 378900BC3D9BFF4E4A37       | Long             | EC               | CORP              | ZA        |     41346 | NS      | $514718.50    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF CHINA LIMITED                                         | BANK OF CHINA LTD                                  | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |  10114000 | NS      | $5985104.04   | 0.81%             |  |  |  | No            | 2                  | On Loan: No      |
| Bumrungrad Hospital Public Company Limited                    | BUMRUNGRAD HOSPITAL PCL NVDR                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TH        |     99900 | NS      | $682960.81    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| ZENSAR TECHNOLOGIES LIMITED                                   | ZENSAR TECHNOLOGIES LTD                            | CUSIP: N/A<br>LEI: 335800SK9CAQHM1TJC97       | Long             | EC               | CORP              | IN        |     53053 | NS      | $330498.98    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Lotus Pharmaceutical Co.,Ltd.                                 | LOTUS PHARMACEUTICAL CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     52000 | NS      | $462686.56    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| d'Alba Global Co Ltd                                          | D ALBA GLOBAL CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     16773 | NS      | $1978191.29   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| TAURON POLSKA ENERGIA SPOLKA AKCYJNA                          | TAURON POLSKA ENERGIA SA                           | CUSIP: N/A<br>LEI: 259400NAPDFBOTNCRL54       | Long             | EC               | CORP              | PL        |    212182 | NS      | $698781.17    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| AJANTA PHARMA LIMITED                                         | AJANTA PHARMA LTD                                  | CUSIP: N/A<br>LEI: 3358008XLYJJZBFBCK12       | Long             | EC               | CORP              | IN        |     16334 | NS      | $538381.19    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| JB FINANCIAL GROUP CO.,LTD                                    | JB FINANCIAL GROUP CO LTD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     38650 | NS      | $852376.38    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| BANCO DO ESTADO DO RIO GRANDE DO SUL S.A.                     | BANCO DO ESTADO DO RIO GRANDE DO SUL SA            | CUSIP: N/A<br>LEI: 254900W2BN097WLYIM20       | Long             | EC               | CORP              | BR        |    169100 | NS      | $612929.77    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| ICICI BANK LIMITED                                            | ICICI BANK LTD                                     | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |     64538 | NS      | $981464.80    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                                 | MAHINDRA MAHINDRA LTD                              | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |     88345 | NS      | $3302202.54   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| SHARKNINJA, INC.                                              | SHARKNINJA INC                                     | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     13270 | NS      | $1630484.90   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Cyrela Brazil Realty S.A. Empreendimentos e Participacoes     | CYRELA BRAZIL REALTY SA EMPREENDIMENTOS E PARTICIP | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     91500 | NS      | $548178.89    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                                   | RELIANCE INDUSTRIES LTD                            | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    442288 | NS      | $6788319.69   | 0.91%             |  |  |  | No            | 2                  | On Loan: No      |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED                 | ADANI PORTS SPECIAL ECONOMIC ZONE LTD              | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | EC               | CORP              | IN        |    219188 | NS      | $3669560.80   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| eClerx Services Limited                                       | ECLERX SERVICES LTD                                | CUSIP: N/A<br>LEI: 335800AL5EIRPWHMSY54       | Long             | EC               | CORP              | IN        |      9542 | NS      | $333316.47    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Fideicomiso Irrevocable Numero 17416-3                        | CONCENTRADORA FIBRA DANHOS SA DE CV                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    316339 | NS      | $503195.61    | 0.07%             |  |  |  | No            | 1                  | On Loan: —       |
| CH. Karnchang Public Company Limited                          | CH KARNCHANG PCL                                   | CUSIP: N/A<br>LEI: 529900OBQHGGAV61M606       | Long             |  | CORP              | TH        |   1211500 | NS      | $685841.05    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares MSCI Emerging Markets Small-Cap ETF                   | ISHARES MSCI EMERGING MKT SM                       | CUSIP: 464286475<br>LEI: N/A                  | Long             |  | RF                | US        |      9505 | NS      | $713825.50    | 0.10%             |  |  |  | No            | 1                  | On Loan: —       |
| Winbond Electronics Corporation                               | WINBOND ELECTRONICS CORP                           | CUSIP: N/A<br>LEI: 254900STBMBTLA91J410       | Long             | EC               | CORP              | TW        |    222000 | NS      | $844760.97    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| THE KARUR VYSYA BANK LIMITED                                  | KARUR VYSYA BANK LTD                               | CUSIP: N/A<br>LEI: 335800GFMDHTPWI6JP97       | Long             | EC               | CORP              | IN        |    307207 | NS      | $1102219.69   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| MOSCOW EXCHANGE MICEX                                         | MOSCOW EXCHANGE MICEX                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    196760 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED                    | NIPPON LIFE INDIA ASSET MANAGEMENT LTD             | CUSIP: N/A<br>LEI: 335800ZQXV958RZSRU89       | Long             | EC               | CORP              | IN        |    519762 | NS      | $5324338.96   | 0.72%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Zylox-Tonbridge Medical Technology Co Ltd                     | ZYLOX TONBRIDGE MEDICAL TECHNOLOGY CO LTD          | CUSIP: N/A<br>LEI: 254900QSIU3I0P3OEJ92       | Long             | EC               | CORP              | CN        |    174500 | NS      | $485652.46    | 0.07%             |  |  |  | Yes           | 2                  | On Loan: No      |
| SUNWAY REAL ESTATE INVESTMENT TRUST                           | SUNWAY REAL ESTATE INVESTMENT TRUST                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | MY        |    753700 | NS      | $482270.36    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| AXIS BANK LIMITED                                             | AXIS BANK LTD                                      | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |    150626 | NS      | $2294423.70   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                          | PETROLEO BRASILEIRO S A ADR                        | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             |  | CORP              | BR        |    126502 | NS      | $2103728.26   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Kimberly-Clark de Mexico, S.A.B. de C.V.                      | KIMBERLY CLARK DE MEXICO SAB DE CV                 | CUSIP: N/A<br>LEI: 549300JGHL56QT00KT54       | Long             | EC               | CORP              | MX        |    890800 | NS      | $2236441.37   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| HD HYUNDAI ELECTRIC CO., LTD.                                 | HYUNDAI ELECTRIC ENERGY SYSTEMS CO LTD             | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |      5767 | NS      | $4210815.37   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| PT Bank Rakyat Indonesia (Persero) Tbk                        | PT BANK RAKYAT INDONESIA                           | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |   8510346 | NS      | $1981112.46   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| SINOPHARM GROUP CO. LTD.                                      | SINOPHARM GROUP CO LTD                             | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               | CORP              | CN        |    938799 | NS      | $2531104.74   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| CITY UNION BANK LIMITED                                       | CITY UNION BANK LTD                                | CUSIP: N/A<br>LEI: 33580024M7FWA847JI64       | Long             | EC               | CORP              | IN        |    210347 | NS      | $654791.60    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| J. KUMAR INFRAPROJECTS LIMITED                                | J KUMAR INFRAPROJECTS LTD                          | CUSIP: N/A<br>LEI: 33580016NIMGU988MM71       | Long             | EC               | CORP              | IN        |     95698 | NS      | $556169.67    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| MediaTek Inc.                                                 | MEDIATEK INC                                       | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    181000 | NS      | $11151664.20  | 1.50%             |  |  |  | No            | 2                  | On Loan: No      |
| UNILEVER PLC                                                  | UNILEVER PLC                                       | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     28687 | NS      | $2107079.11   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| HANWHA AEROSPACE CO., LTD.                                    | HANWHA AEROSPACE CO LTD                            | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |     10414 | NS      | $8658185.34   | 1.16%             |  |  |  | No            | 2                  | On Loan: No      |
| GAZPROM PJSC                                                  | GAZPROM PJSC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |   1087480 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| BAJAJ FINANCE LIMITED                                         | BAJAJ FINANCE LTD                                  | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |    101363 | NS      | $1111721.83   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| NATIONAL BANK OF GREECE S.A.                                  | NATIONAL BANK OF GREECE SA                         | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    351228 | NS      | $5712840.21   | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| KUMBA IRON ORE LIMITED                                        | KUMBA IRON ORE LTD                                 | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     55631 | NS      | $1286467.36   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| CEAT LIMITED                                                  | CEAT LTD                                           | CUSIP: N/A<br>LEI: 3358007DPAGLLYGSGB80       | Long             | EC               | CORP              | IN        |     10275 | NS      | $399027.52    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| BYD COMPANY LIMITED                                           | BYD CO LTD                                         | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    427200 | NS      | $5150068.83   | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| KUAISHOU TECHNOLOGY                                           | KUAISHOU TECHNOLOGY                                | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |    388600 | NS      | $3081495.07   | 0.41%             |  |  |  | Yes           | 2                  | On Loan: No      |
| SAMSUNG E&A CO.,LTD                                           | SAMSUNG E A CO LTD                                 | CUSIP: N/A<br>LEI: 988400HDAY5KIVHGZ188       | Long             | EC               | CORP              | KR        |     51981 | NS      | $1314424.01   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| POONGSAN CORPORATION                                          | POONGSAN CORP                                      | CUSIP: N/A<br>LEI: 2549007P08ZD5QJS1369       | Long             | EC               | CORP              | KR        |     10047 | NS      | $807373.19    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| ANHUI CONCH CEMENT COMPANY LIMITED                            | ANHUI CONCH CEMENT CO LTD                          | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               | CORP              | CN        |    276000 | NS      | $864901.91    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| VRL Logistics Ltd                                             | VRL LOGISTICS LTD                                  | CUSIP: N/A<br>LEI: 335800VZ9XWQRZKF6945       | Long             | EC               | CORP              | IN        |    175487 | NS      | $535388.64    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| HARMONY GOLD MINING COMPANY LIMITED                           | HARMONY GOLD MINING CO LTD                         | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |    225183 | NS      | $5126411.25   | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| SANIL ELECTRIC CO., LTD.                                      | SANIL ELECTRIC CO LTD                              | CUSIP: N/A<br>LEI: 988400KW0ZAP6QNYIX16       | Long             | EC               | CORP              | KR        |      6860 | NS      | $793903.79    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Magyar Telekom Tavkozlesi Nyilvanosan Mukodo Reszvenytarsasag | MAGYAR TELEKOM TELECOMMUNICATIONS PLC              | CUSIP: N/A<br>LEI: 529900CA1YDA41X76751       | Long             | EC               | CORP              | HU        |    147271 | NS      | $999544.19    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| OCI Holdings Company Ltd.                                     | OCI CO LTD                                         | CUSIP: N/A<br>LEI: 988400XZQA7CG16LDK87       | Long             | EC               | CORP              | KR        |      3468 | NS      | $365752.41    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                          | HSBC US GOVT MMKT-I                                | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1247327 | NS      | $1247327.44   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Lenovo Group Limited                                          | LENOVO GROUP LTD                                   | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | HK        |   1582000 | NS      | $1952747.76   | 0.26%             |  |  |  | No            | 2                  | On Loan: —       |
| KIA CORPORATION                                               | KIA CORP                                           | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     41493 | NS      | $5925508.55   | 0.80%             |  |  |  | No            | 2                  | On Loan: No      |
| SOUTH AFRICAN RAND                                            | SOUTH AFRICAN RAND                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | ZA        |       246 | NS      | $15.47        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| WANT WANT CHINA HOLDINGS LIMITED                              | WANT WANT CHINA HOLDINGS LTD                       | CUSIP: N/A<br>LEI: 5299005HZCEKX4O1J230       | Long             | EC               | CORP              | KY        |   2111000 | NS      | $1321297.30   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| HANWHA CORP                                                   | HANWHA CORP                                        | CUSIP: N/A<br>LEI: 988400JE9FIHQS7TX614       | Long             | EC               | CORP              | KR        |      5824 | NS      | $553122.45    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| MOBILE TELESYSTEMS PJSC                                       | MOBILE TELESYSTEMS PJSC                            | CUSIP: 607409109<br>LEI: N/A                  | Long             |  | CORP              | RU        |    253826 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| PT Kalbe Farma Tbk                                            | KALBE FARMA TBK PT                                 | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387       | Long             | EC               | CORP              | ID        |   5367100 | NS      | $352480.00    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO., LTD.               | SUNONWEALTH ELECTRIC MACHINE INDUSTRY CO LTD       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    225000 | NS      | $1087064.64   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| CHENBRO MICOM CO., LTD.                                       | CHENBRO MICOM CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     56000 | NS      | $1614445.13   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| HON HAI PRECISION INDUSTRY CO., LTD.                          | HON HAI PRECISION INDUSTRY CO LTD                  | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    526000 | NS      | $4024036.69   | 0.54%             |  |  |  | No            | 2                  | On Loan: No      |
| POWER FINANCE CORPORATION LIMITED                             | POWER FINANCE CORP LTD                             | CUSIP: N/A<br>LEI: 3358003Q6D9LIJJZ1614       | Long             | EC               |  | IN        |   1127979 | NS      | $5137176.27   | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| VALE S.A.                                                     | VALE SA ADR                                        | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             |  | CORP              | BR        |    162986 | NS      | $2800099.48   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| JOYY INC.                                                     | JOYY INC                                           | CUSIP: 46591M109<br>LEI: 549300N6CHVU5CQZPW24 | Long             |  | CORP              | KY        |      7510 | NS      | $448121.70    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| XIAOMI CORPORATION                                            | XIAOMI CORP                                        | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |    313600 | NS      | $1387060.20   | 0.19%             |  |  |  | Yes           | 2                  | On Loan: —       |
| PT Ciputra Development Tbk                                    | PT CIPUTRA DEVELOPMENT TBK                         | CUSIP: N/A<br>LEI: 2549000JMJUYB9U5Y204       | Long             | EC               | CORP              | ID        |   8602100 | NS      | $394978.61    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| GDS HOLDINGS LIMITED                                          | GDS HOLDINGS LTD                                   | CUSIP: N/A<br>LEI: 391200MGV8DDCHTN2R77       | Long             | EC               | CORP              | KY        |    155700 | NS      | $806614.02    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| GE VERNOVA T&D INDIA LIMITED                                  | GE VERNOVA T D INDIA LTD                           | CUSIP: N/A<br>LEI: 549300NMRD6VZDFLN355       | Long             | EC               | CORP              | IN        |     21668 | NS      | $917099.45    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| COFORGE LIMITED                                               | COFORGE LTD                                        | CUSIP: N/A<br>LEI: 3358004YL9JGBNP4KF72       | Long             | EC               | CORP              | IN        |     26705 | NS      | $349626.05    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| DELTA ELECTRONICS, INC.                                       | DELTA ELECTRONICS INC                              | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |    176000 | NS      | $7938038.01   | 1.07%             |  |  |  | No            | 2                  | On Loan: No      |
| SHINHAN FINANCIAL GROUP CO.,LTD                               | SHINHAN FINANCIAL GROUP CO LTD                     | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |     66890 | NS      | $4499411.61   | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco do Brasil S.A                                           | BANCO DO BRASIL SA                                 | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    616990 | NS      | $3243831.55   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Cisarua Mountain Dairy Tbk PT                                 | CISARUA MOUNTAIN DAIRY PT TBK                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |   1253400 | NS      | $387135.72    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.                      | GRUPO FINANCIERO BANORTE SAB DE CV                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    582003 | NS      | $6637991.12   | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| 3SBio Inc.                                                    | 3SBIO INC                                          | CUSIP: N/A<br>LEI: 529900P0TQC1E9Y7FN31       | Long             | EC               | CORP              | KY        |    141500 | NS      | $398894.14    | 0.05%             |  |  |  | Yes           | 2                  | On Loan: No      |
| TONG YANG INDUSTRY CO., LTD                                   | TONG YANG INDUSTRY                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    282000 | NS      | $895091.84    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Emaar Development PJSC                                        | EMAAR DEVELOPMENT PJSC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   1235034 | NS      | $6506354.91   | 0.88%             |  |  |  | No            | 2                  | On Loan: No      |
| Tres Tentos Agroindustrial S.A.                               | TRES TENTOS AGROINDUSTRIAL S A                     | CUSIP: N/A<br>LEI: 549300QQ67YECUJQIV31       | Long             | EC               | CORP              | BR        |    146047 | NS      | $487488.13    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Cyrela Brazil Realty S.A. Empreendimentos e Participacoes     | CYRELA BRAZIL REALTY SA EMPREENDIMENTOS E PARTICIP | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     17353 | NS      | $98681.22     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Thanachart Capital Public Company Limited                     | THANACHART CAPITAL PCL                             | CUSIP: N/A<br>LEI: 529900VNNYCFS81B3436       | Long             |  | CORP              | TH        |    250600 | NS      | $489824.22    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| ICICI BANK LIMITED                                            | ICICI BANK LTD                                     | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             |  | CORP              | IN        |    118068 | NS      | $3602254.68   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| China Airlines Ltd.                                           | CHINA AIRLINES LTD                                 | CUSIP: N/A<br>LEI: 25490032B2A0G6D0JP27       | Long             | EC               | CORP              | TW        |   1415000 | NS      | $945784.50    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Contemporary Amperex Technology Co., Ltd.                     | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD             | CUSIP: Y1R48E105<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     47000 | NS      | $2338537.24   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| POWER GRID CORPORATION OF INDIA LIMITED                       | POWER GRID CORP OF INDIA LTD                       | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               |  | IN        |   1329418 | NS      | $4371670.48   | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| BIM BIRLESIK MAGAZALAR ANONIM SIRKETI                         | BIM BIRLESIK MAGAZALAR AS                          | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    134373 | NS      | $2047866.56   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                         | INVESCO GVT & AGNCY-INST                           | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1175693 | NS      | $1175692.76   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| PERSISTENT SYSTEMS LIMITED                                    | PERSISTENT SYSTEMS LTD                             | CUSIP: N/A<br>LEI: 3358006QYD77Z66S1J89       | Long             | EC               | CORP              | IN        |     46080 | NS      | $2404895.50   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Etihad Etisalat Company SJSC                                  | ETIHAD ETISALAT CO                                 | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |    180150 | NS      | $3083757.90   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Netmarble Corporation                                         | NETMARBLE CORP                                     | CUSIP: N/A<br>LEI: 988400T1LQCQT8H5EO27       | Long             | EC               | CORP              | KR        |      9751 | NS      | $355860.55    | 0.05%             |  |  |  | Yes           | 2                  | On Loan: No      |
| United Electronics Company JSC                                | UNITED ELECTRONICS CO                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SA        |     24800 | NS      | $546369.15    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| PT Telkom Indonesia (Persero) Tbk                             | TELEKOMUNIKASI INDONESIA PERSERO TBK PT            | CUSIP: 715684106<br>LEI: 529900M5SQZAOKV1PC81 | Long             |  | CORP              | ID        |    161950 | NS      | $3444676.50   | 0.46%             |  |  |  | No            | 1                  | On Loan: —       |
| PT Aneka Tambang Tbk                                          | ANEKA TAMBANG TBK                                  | CUSIP: N/A<br>LEI: 529900LRE2NALSSHMB80       | Long             | EC               | CORP              | ID        |   4294500 | NS      | $1116959.98   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| WuXi AppTec Co., Ltd.                                         | WUXI APPTEC CO LTD                                 | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |    241900 | NS      | $3671228.60   | 0.49%             |  |  |  | Yes           | 2                  | On Loan: No      |
| PRIO S.A.                                                     | PETRO RIO SA                                       | CUSIP: N/A<br>LEI: 549300IQAZIWK5RVZX23       | Long             | EC               | CORP              | BR        |    696900 | NS      | $7408131.29   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| KUNLUN ENERGY COMPANY LIMITED                                 | KUNLUN ENERGY CO LTD                               | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |   2884000 | NS      | $3091569.72   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| Kanzhun Ltd                                                   | KANZHUN LTD                                        | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             |  | CORP              | KY        |    142304 | NS      | $2288248.32   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Raia Drogasil S/A                                             | RAIA DROGASIL SA                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1083090 | NS      | $5299238.63   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| MATRIX CONCEPTS HOLDINGS BERHAD                               | MATRIX CONCEPTS HOLDINGS BHD                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1132800 | NS      | $410723.97    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| QUANTA COMPUTER INC.                                          | QUANTA COMPUTER INC                                | CUSIP: N/A<br>LEI: 529900DE8BIV3XOXIK04       | Long             | EC               | CORP              | TW        |    383000 | NS      | $3515540.58   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| SANTAM LIMITED                                                | SANTAM LIMITED                                     | CUSIP: N/A<br>LEI: 37890092DC55C7D94B35       | Long             | EC               | CORP              | ZA        |     20642 | NS      | $568036.25    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| SAGILITY LIMITED                                              | SAGILITY LTD                                       | CUSIP: N/A<br>LEI: 9845009870B757E1WA45       | Long             | EC               | CORP              | IN        |   1416240 | NS      | $616917.66    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Nine Dragons Paper (Holdings) Limited                         | NINE DRAGONS PAPER HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 529900TBMYEYJ2LEV906       | Long             | EC               | CORP              | BM        |    600901 | NS      | $675960.00    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLD CIRCUIT ELECTRONICS LTD.                                 | GOLD CIRCUIT ELECTRONICS LTD                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     56000 | NS      | $1455001.34   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| ILJIN ELECTRIC CO.,LTD                                        | ILJIN ELECTRIC CO LTD                              | CUSIP: N/A<br>LEI: 9884001IG9MJA5YJPI56       | Long             | EC               | CORP              | KR        |     13354 | NS      | $830274.51    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| HK inno.N Corporation                                         | HK INNO N CORP                                     | CUSIP: Y166C3102<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     13511 | NS      | $506704.38    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Gentera, S.A.B. de C.V.                                       | GENTERA SAB DE CV                                  | CUSIP: N/A<br>LEI: 4469000001ECOWXFNE33       | Long             | EC               | CORP              | MX        |   2386299 | NS      | $6948663.22   | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| SILICON 2 Co.,Ltd.                                            | SILICON2 CO LTD                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     21285 | NS      | $648747.40    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| NANYA TECHNOLOGY CORPORATION                                  | NANYA TECHNOLOGY CORP                              | CUSIP: N/A<br>LEI: 254900STKVKJBRRO0835       | Long             | EC               | CORP              | TW        |    165000 | NS      | $1464979.09   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Guoquan Food Shanghai Co Ltd                                  | GUOQUAN FOOD SHANGHAI CO LTD                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   1268953 | NS      | $662365.13    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Vista Energy, S.A.B. de C.V.                                  | VISTA OIL GAS SAB DE CV ADR                        | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             |  | CORP              | MX        |    106463 | NS      | $6147173.62   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Vibra Energia S.A.                                            | VIBRA ENERGIA SA                                   | CUSIP: N/A<br>LEI: 549300U7VLJ3SYVNY689       | Long             | EC               | CORP              | BR        |    488958 | NS      | $2854003.78   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Sky Gold and Diamonds Ltd                                     | SKY GOLD AND DIAMONDS LTD                          | CUSIP: Y8T6PB100<br>LEI: 3358007KOI9O42YQGU13 | Long             | EC               | CORP              | IN        |    112638 | NS      | $447183.51    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                        | ISHARES CORE MSCI EMERGING                         | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             |  | RF                | US        |     63475 | NS      | $4872341.00   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| TINGYI (CAYMAN ISLANDS) HOLDING CORP.                         | TINGYI CAYMAN ISLANDS HOLDING CORP                 | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | KY        |   1596000 | NS      | $2665307.75   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Brava Energia S.A.                                            | BRAVA ENERGIA                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    130231 | NS      | $473567.27    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Rede D'Or Sao Luiz S.A.                                       | REDE D OR SAO LUIZ SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    178714 | NS      | $1405028.13   | 0.19%             |  |  |  | Yes           | 1                  | On Loan: No      |
| HUNGARIAN FORINT                                              | HUNGARIAN FORINT                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | HU        |        11 | NS      | $0.03         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Arabian Centres Company SJSC                                  | ARABIAN CENTRES CO LTD                             | CUSIP: N/A<br>LEI: 8945006MT4ZZ5EBVCI56       | Long             | EC               | CORP              | SA        |     69074 | NS      | $333150.86    | 0.04%             |  |  |  | Yes           | 2                  | On Loan: No      |
| TATA CONSULTANCY SERVICES LIMITED                             | TATA CONSULTANCY SERVICES LTD                      | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     71609 | NS      | $2081309.33   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| MINTH GROUP LIMITED                                           | MINTH GROUP LTD                                    | CUSIP: N/A<br>LEI: 254900B2AH0G13K9G204       | Long             | EC               | CORP              | KY        |    822000 | NS      | $4594905.98   | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| Hana Financial Group Inc.                                     | HANA FINANCIAL GROUP INC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    119944 | NS      | $10147137.91  | 1.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Acutaas Chemicals Ltd                                         | ACUTAAS CHEMICALS LTD                              | CUSIP: Y0123J111<br>LEI: 335800BQIYJ5LQOLWE94 | Long             | EC               | CORP              | IN        |     24646 | NS      | $585030.74    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| ELITE MATERIAL CO., LTD.                                      | ELITE MATERIAL CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    116000 | NS      | $8885297.26   | 1.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Northam Platinum Holdings Limited                             | NORTHAM PLATINUM HOLDINGS LTD                      | CUSIP: N/A<br>LEI: 3789009D0712C7101695       | Long             | EC               | CORP              | ZA        |     33707 | NS      | $923127.74    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Engineers India Ltd                                           | ENGINEERS INDIA LTD                                | CUSIP: N/A<br>LEI: 335800D8QCOQANG91D62       | Long             | EC               | CORP              | IN        |    200908 | NS      | $490101.96    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| MLP SAGLIK HIZMETLERI ANONIM SIRKETI                          | MLP SAGLIK HIZMETLERI AS                           | CUSIP: N/A<br>LEI: 789000M2LTGHSXVOQL65       | Long             | EC               | CORP              | TR        |     50071 | NS      | $500291.82    | 0.07%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Yatharth Hospital & Trauma Care Services Ltd                  | YATHARTH HOSPITAL TRAUMA CARE SERVICES LTD         | CUSIP: N/A<br>LEI: 335800O1RTF5PUR2BH37       | Long             | EC               | CORP              | IN        |     67787 | NS      | $529760.22    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| POLISH ZLOTY                                                  | POLISH ZLOTY                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | PL        |       243 | NS      | $68.03        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Phison Electronics Corp.                                      | PHISON ELECTRONICS CORP                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     27000 | NS      | $1595390.28   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| UPL LIMITED                                                   | UPL LTD                                            | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |    249437 | NS      | $1750046.98   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| NATIONAL ALUMINIUM CO LTD                                     | NATIONAL ALUMINIUM CO LTD                          | CUSIP: N/A<br>LEI: 335800OM1V78CX7SSC72       | Long             | EC               | CORP              | IN        |    331562 | NS      | $1293749.28   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| TravelSky Technology Limited                                  | TRAVELSKY TECHNOLOGY LTD                           | CUSIP: N/A<br>LEI: 5299007TAWP4DZ6QFG73       | Long             | EC               | CORP              | CN        |    333000 | NS      | $455700.97    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Ping An Insurance (Group) Company of China, Ltd.              | PING AN INSURANCE GROUP CO OF CHINA LTD            | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |    902500 | NS      | $7807401.16   | 1.05%             |  |  |  | No            | 2                  | On Loan: —       |
| Tripod Technology Corporation                                 | TRIPOD TECHNOLOGY CORP                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     91000 | NS      | $1124271.60   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Lion Travel Service Co., Ltd.                                 | LION TRAVEL SERVICE CO LTD                         | CUSIP: N/A<br>LEI: 9845006A8B49DZDBJD37       | Long             | EC               | CORP              | TW        |     87000 | NS      | $486966.07    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Bora Pharmaceuticals Co., LTD.                                | BORA PHARMACEUTICALS CO LTD                        | CUSIP: N/A<br>LEI: 254900MK7O5C2UX1SY03       | Long             | EC               | CORP              | TW        |    166170 | NS      | $2691022.99   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| PAGSEGURO DIGITAL LTD.                                        | PAGSEGURO DIGITAL LTD                              | CUSIP: G68707101<br>LEI: 391200VY4YW47I4HGH62 | Long             | EC               | CORP              | KY        |    270128 | NS      | $2866058.08   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| BRAZILIAN REAL                                                | BRAZILIAN REAL                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | BR        |    167605 | NS      | $32697.04     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| HINDALCO INDUSTRIES LIMITED                                   | HINDALCO INDUSTRIES LTD                            | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |    565045 | NS      | $5750867.26   | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| Samsung Electronics Co., Ltd.                                 | SAMSUNG ELECTRONICS CO LTD                         | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    208456 | NS      | $31204210.32  | 4.20%             |  |  |  | No            | 2                  | On Loan: No      |
| America Movil, S.A.B. de C.V.                                 | AMERICA MOVIL SAB DE CV                            | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             |  | CORP              | MX        |    130078 | NS      | $3384629.56   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| MANILA WATER CO. INC.                                         | MANILA WATER CO INC                                | CUSIP: N/A<br>LEI: 5493004SJIK0GOUIZM45       | Long             | EC               | CORP              | PH        |    684400 | NS      | $478402.92    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| CTBC Financial Holding Co., Ltd.                              | CTBC FINANCIAL HOLDING CO LTD                      | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |   2604000 | NS      | $4633036.79   | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| GROWTHPOINT PROPERTIES LIMITED                                | GROWTHPOINT PROPERTIES LTD                         | CUSIP: N/A<br>LEI: 37890019DD1E46632291       | Long             | EC               | CORP              | ZA        |    432694 | NS      | $511363.64    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| SANSERA ENGINEERING LIMITED                                   | SANSERA ENGINEERING LTD                            | CUSIP: N/A<br>LEI: 335800XI377HHFNG6381       | Long             | EC               | CORP              | IN        |     26466 | NS      | $682457.79    | 0.09%             |  |  |  | Yes           | 2                  | On Loan: No      |
| SLB N.V.                                                      | SLB LTD                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     50284 | NS      | $2581580.56   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| TIGER BRANDS LIMITED                                          | TIGER BRANDS LTD                                   | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90       | Long             | EC               | CORP              | ZA        |     22213 | NS      | $444544.10    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| ISU Petasys Co., Ltd.                                         | ISUPETASYS CO LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     12289 | NS      | $1094414.41   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| OTP Bank Nyrt.                                                | OTP BANK PLC                                       | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |     32924 | NS      | $4062911.06   | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| Arcos Dorados Holdings Inc.                                   | ARCOS DORADOS HOLDINGS INC                         | CUSIP: G0457F107<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | VG        |    165078 | NS      | $1452686.40   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| DAEWOONG PHARMA                                               | DAEWOONG PHARMACEUTICAL CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      3779 | NS      | $462137.27    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| ENNOCONN CORPORATION                                          | ENNOCONN CORP                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     37000 | NS      | $333605.55    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Shanghai Conant Optical Co Ltd                                | SHANGHAI CONANT OPTICAL CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    154800 | NS      | $1220221.36   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| 361 DEGREES INTERNATIONAL LIMITED                             | 361 DEGREES INTERNATIONAL LTD                      | CUSIP: N/A<br>LEI: 2138008WRC2652IBSX12       | Long             | EC               | CORP              | KY        |    770000 | NS      | $555148.09    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| ANGEL ONE LIMITED                                             | ANGEL ONE LTD                                      | CUSIP: N/A<br>LEI: 3358003DRK7SFA3Q3214       | Long             | EC               | CORP              | IN        |    125730 | NS      | $322982.78    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| BHARTI AIRTEL LIMITED                                         | BHARTI AIRTEL LTD                                  | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |     82455 | NS      | $1707307.24   | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| MSILF Government Portfolio                                    | MSILF GOVERNMENT-INST                              | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1104058 | NS      | $1104058.09   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| BENEFIT SYSTEMS SPOLKA AKCYJNA                                | BENEFIT SYSTEMS SA                                 | CUSIP: N/A<br>LEI: 2594007UY43JEUOLID52       | Long             | EC               | CORP              | PL        |      2021 | NS      | $2187102.21   | 0.29%             |  |  |  | No            | 2                  | On Loan: —       |
| Optima bank S.A.                                              | OPTIMA BANK SA                                     | CUSIP: N/A<br>LEI: 2138008NSD1X1XFUK750       | Long             | EC               | CORP              | GR        |     43407 | NS      | $501184.73    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| CESC LTD                                                      | CESC LTD                                           | CUSIP: N/A<br>LEI: 3358009RW8LFOENISG12       | Long             | EC               | CORP              | IN        |    276391 | NS      | $480843.21    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Tencent Holdings Limited                                      | TENCENT HOLDINGS LTD                               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    311563 | NS      | $20499445.93  | 2.76%             |  |  |  | No            | 2                  | On Loan: No      |
| SUNTECK REALTY LIMITED                                        | SUNTECK REALTY LTD                                 | CUSIP: N/A<br>LEI: 335800TFT4V77I31F853       | Long             | EC               | CORP              | IN        |     86039 | NS      | $379874.73    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Vivara Participacoes S.A.                                     | VIVARA PARTICIPACOES SA                            | CUSIP: P98017109<br>LEI: 254900KO2WRLAVSJDR42 | Long             | EC               | CORP              | BR        |    123500 | NS      | $750492.59    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                  | TAIWAN SEMICONDUCTOR MANUFACTU                     | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   1327000 | NS      | $82818281.56  | 11.14%            |  |  |  | No            | 2                  | On Loan: No      |
| HYUNDAI MOBIS CO.,LTD                                         | HYUNDAI MOBIS                                      | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      8492 | NS      | $3052894.84   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| INDUS TOWERS LIMITED                                          | INDUS TOWERS LTD                                   | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |    642242 | NS      | $3217953.70   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Midea Group Co., Ltd.                                         | MIDEA GROUP CO LTD                                 | CUSIP: Y6S40V103<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    244200 | NS      | $2798529.74   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Gunkul Engineering Public Company Limited                     | GUNKUL ENGINEERING PCL                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TH        |   7180600 | NS      | $572709.83    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| AIR ARABIA PJSC                                               | AIR ARABIA PJSC                                    | CUSIP: N/A<br>LEI: 21380058Y5RCZI2HBX17       | Long             | EC               | CORP              | AE        |    859100 | NS      | $1265811.67   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| TAIWAN UNION TECHNOLOGY CORPORATION                           | TAIWAN UNION TECHNOLOGY CORPORATION                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     73000 | NS      | $1249246.45   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| SECURITY BANK CORPORATION                                     | SECURITY BANK CORP                                 | CUSIP: N/A<br>LEI: 549300JSVDZIR2CPTP95       | Long             | EC               | CORP              | PH        |    291760 | NS      | $373574.64    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Beijing Jingneng Clean Energy Co., Limited                    | BEIJING JINGNENG CLEAN ENERGY CO LTD               | CUSIP: N/A<br>LEI: 300300V2LM8I1L2JUP40       | Long             | EC               | CORP              | CN        |   1462000 | NS      | $442531.90    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| CHROMA ATE INC.                                               | CHROMA ATE INC                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     21000 | NS      | $912708.87    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| BIZLINK HOLDING INC.                                          | BIZLINK HOLDING INC                                | CUSIP: N/A<br>LEI: 213800YAKRFVU5XOX138       | Long             | EC               | CORP              | KY        |     21504 | NS      | $950425.02    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO., LTD.                          | FUYAO GLASS INDUSTRY GROUP CO LTD                  | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |    428000 | NS      | $3551758.26   | 0.48%             |  |  |  | Yes           | 2                  | On Loan: No      |
| MANGALORE REFINERY AND PETROCHEMICALS LIMITED                 | MANGALORE REFINERY AND PETROCHEMICALS LIMITED      | CUSIP: N/A<br>LEI: 335800IFZW2UY8KC5H11       | Long             | EC               | CORP              | IN        |    246664 | NS      | $533737.49    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| LEELA PALACES HOTELS & RESORTS LIMITED                        | LEELA PALACES HOTELS RESORTS LTD                   | CUSIP: N/A<br>LEI: 335800TFGALVLBYPR703       | Long             | EC               | CORP              | IN        |     97800 | NS      | $488227.40    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Parque Arauco S.A.                                            | PARQUE ARAUCO SA                                   | CUSIP: N/A<br>LEI: 2549001WW2PV1Y0UEU97       | Long             | EC               | CORP              | CL        |    162424 | NS      | $771514.27    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Getac Holdings Corporation                                    | GETAC HOLDINGS CORP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    118000 | NS      | $425146.29    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| GCC, S.A.B. de C.V                                            | GRUPO CEMENTOS DE CHIHUAHUA SAB DE CV              | CUSIP: N/A<br>LEI: 254900WY9XL8033CKX68       | Long             | EC               | CORP              | MX        |     79065 | NS      | $919815.37    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| CAN FIN HOMES LIMITED                                         | CAN FIN HOMES LTD                                  | CUSIP: N/A<br>LEI: 335800EJ9Y3XDP5ZDH81       | Long             | EC               | CORP              | IN        |     57366 | NS      | $532772.57    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Itau Chile                                              | BANCO ITAU CHILE SA                                | CUSIP: N/A<br>LEI: 549300DDPTTIZ06NIV06       | Long             | EC               | CORP              | CL        |     20933 | NS      | $501441.15    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| TRANSPORT CORPORATION OF INDIA LIMITED                        | TRANSPORT CORP OF INDIA LTD                        | CUSIP: N/A<br>LEI: 3358002IVSDZYKSWCL91       | Long             | EC               | CORP              | IN        |     33012 | NS      | $364225.44    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                           | CHINA CONSTRUCTION BANK CORP                       | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   9063000 | NS      | $9220875.20   | 1.24%             |  |  |  | No            | 2                  | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                                       | SBERBANK OF RUSSIA PJSC                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    687954 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| MALAYAN CEMENT BERHAD                                         | MALAYAN CEMENT BHD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |    579500 | NS      | $1280758.36   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED         | PTT EXPLORATION PROD FOR                           | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    272500 | NS      | $1205429.24   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                | GLDMN SCHS FIN SQ GV-FST                           | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1175693 | NS      | $1175692.76   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| KING SLIDE WORKS CO.,LTD                                      | KING SLIDE WORKS CO LTD                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      4000 | NS      | $430543.19    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Pop Mart International Group Ltd                              | POP MART INTERNATIONAL GROUP LTD                   | CUSIP: N/A<br>LEI: 9845000A05E8F937E337       | Long             | EC               | CORP              | KY        |    120400 | NS      | $3542612.76   | 0.48%             |  |  |  | Yes           | 2                  | On Loan: —       |
| NETEASE, INC.                                                 | NETEASE INC                                        | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    118600 | NS      | $2671554.57   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyosung TNC Corporation                                       | HYOSUNG TNC CO LTD                                 | CUSIP: N/A<br>LEI: 988400BL3EUWYB39P076       | Long             | EC               | CORP              | KR        |      1864 | NS      | $552023.29    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| EURO                                                          | EURO                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |         0 | NS      | $0.14         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| MPI CORPORATION                                               | MPI CORP                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     18000 | NS      | $1666307.90   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| CGN Mining Co Ltd                                             | CGN MINING CO LTD                                  | CUSIP: N/A<br>LEI: 529900LQYG057CZAZT41       | Long             | EC               | CORP              | KY        |   1385000 | NS      | $868439.78    | 0.12%             |  |  |  | No            | 2                  | On Loan: —       |
| OPAP Holding Societe Anonyme                                  | OPAP HOLDING SOCIETE ANON                          | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     87994 | NS      | $1644731.81   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| INFOSYS LIMITED                                               | INFOSYS LIMITED                                    | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    238920 | NS      | $3424599.74   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| Wiwynn Corporation                                            | WIWYNN CORP                                        | CUSIP: Y9673D101<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     50000 | NS      | $6284768.47   | 0.85%             |  |  |  | No            | 2                  | On Loan: No      |
| PICC Property and Casualty Company Limited                    | PICC PROPERTY CASUALTY CO LTD                      | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   3014000 | NS      | $6219079.18   | 0.84%             |  |  |  | No            | 2                  | On Loan: No      |
| APR Co Ltd                                                    | APR CORP KOREA                                     | CUSIP: Y0R9CJ118<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     22610 | NS      | $4906706.41   | 0.66%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Bradesco S.A.                                           | BANCO BRADESCO SA                                  | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |   1256100 | NS      | $5182698.99   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| China Communications Services Corporation Limited             | CHINA COMMUNICATIONS SERVICES CORP LTD             | CUSIP: N/A<br>LEI: 529900JCDRVQE6YZKT86       | Long             | EC               | CORP              | CN        |    696000 | NS      | $395110.35    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| CHAROEN POKPHAND ENTERPRISE (TAIWAN) CO., LTD.                | CHAROEN POKPHAND ENTERPRISE                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     93000 | NS      | $453855.45    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Pepco Group N.V.                                              | PEPCO GROUP NV                                     | CUSIP: N/A<br>LEI: 213800OVMJPFP79OB449       | Long             | EC               | CORP              | NL        |     73256 | NS      | $605110.88    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Saudi Awwal Bank SJSC                                         | SAUDI AWWAL BANK                                   | CUSIP: M8234F111<br>LEI: 558600TQS0WENZUC5190 | Long             | EC               | CORP              | SA        |    653788 | NS      | $5952485.47   | 0.80%             |  |  |  | No            | 2                  | On Loan: No      |
| M. Dias Branco S.A. Industria e Comercio de Alimentos         | M DIAS BRANCO SA                                   | CUSIP: N/A<br>LEI: 894500SZMRHGUL2PHQ60       | Long             | EC               | CORP              | BR        |     78100 | NS      | $356523.61    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| BB Seguridade Participacoes S.A.                              | BB SEGURIDADE PARTICIPACOES SA                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    166700 | NS      | $1127810.38   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| UNION BANK OF INDIA LIMITED                                   | UNION BANK OF INDIA LTD                            | CUSIP: N/A<br>LEI: 5493000P4HD6132SQ711       | Long             | EC               | CORP              | IN        |   3547275 | NS      | $7896467.26   | 1.06%             |  |  |  | No            | 2                  | On Loan: No      |
| VA TECH WABAG LIMITED                                         | VA TECH WABAG LTD                                  | CUSIP: N/A<br>LEI: 335800GM4KXSX7LLLI83       | Long             | EC               | CORP              | IN        |     28647 | NS      | $398419.46    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Riyadh Cables Group Company SJSC                              | RIYADH CABLES GROUP CO                             | CUSIP: N/A<br>LEI: 558600VWEJBGFYTZ1S78       | Long             | EC               | CORP              | SA        |     16985 | NS      | $532501.74    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| SK hynix Inc.                                                 | SK HYNIX INC                                       | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |     65087 | NS      | $48131497.79  | 6.48%             |  |  |  | No            | 2                  | On Loan: No      |
| CHINA MEDICAL SYSTEM HOLDINGS LIMITED                         | CHINA MEDICA SYSTEM HOLDINGS LTD                   | CUSIP: N/A<br>LEI: 529900Z57DVJXUBLHX66       | Long             | EC               | CORP              | KY        |    291000 | NS      | $540879.17    | 0.07%             |  |  |  | No            | 2                  | On Loan: —       |
| State Bank of India                                           | STATE BANK OF INDIA                                | CUSIP: N/A<br>LEI: 5493001JZ37UBBZF6L49       | Long             | EC               | CORP              | IN        |    105711 | NS      | $1397756.90   | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| CSG NV                                                        | CSG NV                                             | CUSIP: N/A<br>LEI: 31570078IM9ILNPQUB16       | Long             | EC               | CORP              | NL        |     53206 | NS      | $2000929.82   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| PSK INC.                                                      | PSK INC                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     14840 | NS      | $662467.41    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| HONG KONG DOLLAR                                              | HONG KONG DOLLAR                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | HK        |         1 | NS      | $0.18         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Escorts Kubota Limited                                        | ESCORTS KUBOTA LTD                                 | CUSIP: N/A<br>LEI: 335800FPEJC7WFBUBF07       | Long             | EC               | CORP              | IN        |     13912 | NS      | $538350.13    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Com7 PCL                                                      | COM7 PCL                                           | CUSIP: N/A<br>LEI: 984500C71C65E6KC5A42       | Long             |  | CORP              | TH        |    928800 | NS      | $720352.52    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| PT Bank Mandiri (Persero) Tbk                                 | PT BANK MANDIRI PERSERO TBK                        | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   9162980 | NS      | $2876858.86   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| HD-Hyundai Marine Engine Co., Ltd                             | HD HYUNDAI MARINE ENGINE                           | CUSIP: N/A<br>LEI: 9845007BF42BAEEAD731       | Long             | EC               | CORP              | KR        |     14050 | NS      | $853295.42    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| SYRMA SGS TECHNOLOGY LIMITED                                  | SYRMA SGS TECHNOLOGY LTD                           | CUSIP: N/A<br>LEI: 335800ZBB8PM892U4J75       | Long             | EC               | CORP              | IN        |     51306 | NS      | $464930.48    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| CLASSYS Inc.                                                  | CLASSYS INC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     14201 | NS      | $575947.64    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| China Merchants Bank Co., Ltd.                                | CHINA MERCHANTS BANK CO LTD                        | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |    612000 | NS      | $3807164.50   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| THE BIDVEST GROUP LIMITED                                     | BIDVEST GROUP LTD                                  | CUSIP: N/A<br>LEI: 5299002ARE4TRMIRGM72       | Long             | EC               | CORP              | ZA        |    147507 | NS      | $2337586.54   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| KIWOOM Securities Co., Ltd.                                   | KIWOOM SECURITIES CO LTD                           | CUSIP: N/A<br>LEI: 988400O27CNGJA2QWJ18       | Long             | EC               | CORP              | KR        |      4964 | NS      | $1605343.36   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| MALAYSIAN RINGGIT                                             | MALAYSIAN RIGGIT                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | MY        |     28948 | NS      | $7443.59      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Genius Electronic Optical Co Ltd                              | GENIUS ELECTRONIC OPTICAL CO LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     33000 | NS      | $463096.74    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Douzone Bizon Co Ltd                                          | DOUZONE BIZON CO LTD                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     10761 | NS      | $884679.55    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| INDIAN RUPEE                                                  | INDIA RUPEE                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IN        |  -9918481 | NS      | $-109028.81   | -0.01%            |  |  |  | No            | N/A                | On Loan: No      |
| TERNIUM S.A.                                                  | TERNIUM SA                                         | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             |  | CORP              | LU        |     43758 | NS      | $1902160.26   | 0.26%             |  |  |  | No            | 1                  | On Loan: —       |
| EQUATORIAL S.A.                                               | EQUATORIAL ENERGIA SA ORD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    465700 | NS      | $3825717.32   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| SAUDI ARABIAN RIYAL                                           | SAUDI ARABIAN RYAL                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SA        |     31945 | NS      | $8516.90      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| KING YUAN ELECTRONICS CO., LTD.                               | KING YUAN ELECTRONICS CO LTD                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    133000 | NS      | $1368772.78   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| INDIAN RUPEE                                                  | INDIA RUPEE                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IN        |  16669195 | NS      | $183235.96    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| China Jinmao Holdings Group Limited                           | CHINA JINMAO HOLDINGS GROUP LTD                    | CUSIP: N/A<br>LEI: 3003000CW9WBO3PJ7R66       | Long             | EC               | CORP              | HK        |   1724000 | NS      | $349905.75    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Advanced Info Service Public Company Limited                  | ADVANCED INFO SERVICE NVDR                         | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             |  | CORP              | TH        |    335600 | NS      | $4101289.12   | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| STANDARD BANK GROUP LIMITED                                   | STANDARD BANK GROUP LTD                            | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |    194816 | NS      | $3925357.66   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer