# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-001309
**Filing Date:** 2026-2
**Character Count:** 81510
**Document Hash:** 012a07787a5213f79184e3eb6f91754a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001309.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001004726-26-001309

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 26694483

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory Trivalent International Small-Cap Fund (Series ID: S000046400)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144999 | Class A      | MISAX           |
| C000145000 | Class C      | MCISX           |
| C000145001 | Class I      | MISIX           |
| C000145002 | Class R6     | MSSIX           |
| C000145003 | Class Y      | MYSIX           |

## 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

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

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

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

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** Victory Trivalent International Small-Cap Fund

- **b. EDGAR series identifier (if any):** S000046400

- **c. LEI of Series:** 549300SB9TZ2GU9C2Q92

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $4293583725.10

**Total Liabilities:** $97178611.18

**Net Assets:** $4196405113.92

**Cash Not Reported:** $48690170.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144999 | 0.81%                | 2.50%                | 1.93%                |
| Class ID C000145001 | 0.80%                | 2.53%                | 1.98%                |
| Class ID C000145003 | 0.80%                | 2.49%                | 1.98%                |
| Class ID C000145000 | 0.78%                | 2.38%                | 1.92%                |
| Class ID C000145002 | 0.85%                | 2.52%                | 1.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $46331140.48             | $-13158045.16                              |
| Month 2  | $53737778.97             | $49155353.26                               |
| Month 3  | $83123913.97             | $-3998931.55                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| TOKYO SEIMITSU CO.,LTD.                          | TOKYO SEIMITSU CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    279200 | NS      | $19796226.50  | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| AYVENS SA                                        | AYVENS SA                                 | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |   1236516 | NS      | $16549417.27  | 0.39%             |  |  |  | Yes           | 2                  | On Loan: No      |
| SUGI HOLDINGS CO.,LTD.                           | SUGI HOLDINGS CO LTD                      | CUSIP: N/A<br>LEI: 529900N86BFWB1FADG87       | Long             | EC               | CORP              | JP        |    597500 | NS      | $14048323.65  | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Hudbay Minerals Inc.                             | HUDBAY MINERALS INC                       | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |   1062484 | NS      | $21096392.45  | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Azbil Corporation                                | AZBIL CORP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1458500 | NS      | $13265599.53  | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| BARRATT REDROW PLC                               | BARRATT REDROW PLC                        | CUSIP: N/A<br>LEI: 2138006R85VEOF5YNK29       | Long             | EC               | CORP              | GB        |   2353907 | NS      | $12090296.11  | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Credit Saison Co.,Ltd.                           | CREDIT SAISON CO LTD                      | CUSIP: N/A<br>LEI: 529900SV58ZWTGRH3A66       | Long             | EC               | CORP              | JP        |    969500 | NS      | $26010476.93  | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| BORALEX INC.                                     | BORALEX INC                               | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |    522864 | NS      | $9650353.48   | 0.23%             |  |  |  | No            | 1                  | On Loan: —       |
| Konecranes Abp                                   | KONECRANES OYJ                            | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |    344052 | NS      | $37672421.07  | 0.90%             |  |  |  | No            | 2                  | On Loan: No      |
| Aritzia Inc.                                     | ARITZIA INC                               | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |    291838 | NS      | $24954232.95  | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Swissquote Group Holding SA                      | SWISSQUOTE GROUP HOLDING SA               | CUSIP: N/A<br>LEI: 549300O3WME82RDPEN66       | Long             | EC               | CORP              | CH        |     68633 | NS      | $41680053.28  | 0.99%             |  |  |  | No            | 2                  | On Loan: No      |
| DRAX GROUP PLC                                   | DRAX GROUP PLC                            | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |   1926859 | NS      | $21700533.25  | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRYS PLC                                       | DIXONS CARPHONE PLC                       | CUSIP: N/A<br>LEI: 2138001E12GWLLDQQF16       | Long             | EC               | CORP              | GB        |  11320473 | NS      | $19171637.53  | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| Entain plc                                       | ENTAIN PLC                                | CUSIP: N/A<br>LEI: 213800GNI3K45LQR8L28       | Long             | EC               | CORP              | IM        |   1553519 | NS      | $15966150.86  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| GENUS PLC                                        | GENUS PLC                                 | CUSIP: N/A<br>LEI: 54930022EOITNKSIGH56       | Long             | EC               | CORP              | GB        |    356612 | NS      | $12443471.87  | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Sanwa Holdings Corporation                       | SANWA HOLDINGS CORP                       | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |    887200 | NS      | $23104024.03  | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| ST. JAMES'S PLACE PLC                            | ST JAMES S PLACE PLC                      | CUSIP: N/A<br>LEI: 213800M993ICXOMBCP87       | Long             | EC               | CORP              | GB        |   1368381 | NS      | $25412300.69  | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| BIPROGY Inc.                                     | BIPROGY INC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    338200 | NS      | $11683971.76  | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Logista Integral, S.A.                           | LOGISTA                                   | CUSIP: N/A<br>LEI: 9598000ANNAL42UJ7X28       | Long             | EC               | CORP              | ES        |    367852 | NS      | $13006655.66  | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| On Holding AG                                    | ON HOLDING AG                             | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |    388870 | NS      | $18074677.60  | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| IMAX CORPORATION                                 | IMAX CORP                                 | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |    707505 | NS      | $26149384.80  | 0.62%             |  |  |  | No            | 1                  | On Loan: —       |
| PALADIN ENERGY LTD                               | PALADIN ENERGY LTD                        | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               | CORP              | AU        |   1983642 | NS      | $12570303.98  | 0.30%             |  |  |  | No            | 2                  | On Loan: —       |
| Mitsui Kinzoku Company, Limited                  | MITSUI KINZOKU CO LTD                     | CUSIP: N/A<br>LEI: 35380021EYAHSQM25559       | Long             | EC               | CORP              | JP        |    370800 | NS      | $41826590.58  | 1.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokyo Tatemono Co., Ltd.                         | TOKYO TATEMONO CO LTD                     | CUSIP: N/A<br>LEI: 529900RQA4JTW1869J86       | Long             | EC               | CORP              | JP        |    821200 | NS      | $18618829.56  | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| IMI PLC                                          | IMI PLC                                   | CUSIP: N/A<br>LEI: 2138002W9Q21PF751R30       | Long             | EC               | CORP              | GB        |    496070 | NS      | $16544382.12  | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| DANISH KRONER                                    | DANISH KRONER                             | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | DK        |         9 | NS      | $1.37         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Orion Oyj                                        | ORION OYJ                                 | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |    193033 | NS      | $14400526.10  | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| Galenica AG                                      | GALENICA AG                               | CUSIP: N/A<br>LEI: 506700W4772BD8016Z20       | Long             | EC               | CORP              | CH        |    210932 | NS      | $26020696.44  | 0.62%             |  |  |  | Yes           | 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        |  22581386 | NS      | $22581385.62  | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Bilfinger SE                                     | BILFINGER SE                              | CUSIP: N/A<br>LEI: 529900H0HULEN2BZ4604       | Long             | EC               | CORP              | DE        |    162220 | NS      | $20295237.92  | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| Technip Energies N.V.                            | TECHNIP ENERGIES NV                       | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | NL        |    571276 | NS      | $21753417.91  | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| SILICON 2 Co.,Ltd.                               | SILICON2 CO LTD                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    343698 | NS      | $9216259.79   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Koninklijke Heijmans N.V.                        | HEIJMANS NV                               | CUSIP: N/A<br>LEI: 724500OUE3PCA809DZ79       | Long             |  | CORP              | NL        |    160996 | NS      | $12773751.63  | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Accelleron Industries AG                         | ACCELLERON INDUSTRIES AG                  | CUSIP: N/A<br>LEI: 254900KS0MD2PAARXD14       | Long             | EC               | CORP              | CH        |    312313 | NS      | $24093660.99  | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| POONGSAN CORPORATION                             | POONGSAN CORP                             | CUSIP: N/A<br>LEI: 2549007P08ZD5QJS1369       | Long             | EC               | CORP              | KR        |    294922 | NS      | $21855746.02  | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| Bechtle AG                                       | BECHTLE AG                                | CUSIP: N/A<br>LEI: 529900HA2QT774RUXW59       | Long             | EC               | CORP              | DE        |    281884 | NS      | $14356334.82  | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| BRP Inc.                                         | BRP INC                                   | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |    259551 | NS      | $18354287.78  | 0.44%             |  |  |  | No            | 1                  | On Loan: —       |
| WEIR GROUP PLC(THE)                              | WEIR GROUP PLC THE                        | CUSIP: G95248137<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    349313 | NS      | $13349395.11  | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| KINDEN CORPORATION                               | KINDEN CORP                               | CUSIP: N/A<br>LEI: 35380008T6JUN5TU9T34       | Long             | EC               | CORP              | JP        |    468600 | NS      | $20329208.18  | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| ENDEAVOUR MINING PLC                             | ENDEAVOUR MINING PLC                      | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |    686748 | NS      | $35368222.56  | 0.84%             |  |  |  | No            | 1                  | On Loan: —       |
| DAEWOONG PHARMA                                  | DAEWOONG PHARMACEUTICAL CO LTD            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    107829 | NS      | $12857056.73  | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyosung Heavy Industries Corporation             | HYOSUNG HEAVY INDUSTRIES CORP             | CUSIP: N/A<br>LEI: 988400IDLF9EQ95M0928       | Long             | EC               | CORP              | KR        |      9105 | NS      | $11249718.38  | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| TILRAY BRANDS INC                                | TILRAY BRANDS INC                         | CUSIP: 88688T100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |         1 | NS      | $9.04         | 0.00%             |  |  |  | No            | 1                  | On Loan: —       |
| China Ruyi Holdings Limited                      | CHINA RUYI HOLDINGS LTD                   | CUSIP: N/A<br>LEI: 984500976440498D1C06       | Long             | EC               | CORP              | BM        |  32608000 | NS      | $9184397.77   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| ILJIN ELECTRIC CO.,LTD                           | ILJIN ELECTRIC CO LTD                     | CUSIP: N/A<br>LEI: 9884001IG9MJA5YJPI56       | Long             | EC               | CORP              | KR        |    336514 | NS      | $12722420.83  | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| FINNING INTERNATIONAL INC.                       | FINNING INTERNATIONAL INC                 | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |    619552 | NS      | $33573362.17  | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Kinaxis Inc                                      | KINAXIS INC                               | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |    127574 | NS      | $16088974.00  | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Bakelite Company Limited                | SUMITOMO BAKELITE CO LTD                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    407600 | NS      | $13487851.07  | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| KLEPIERRE SA                                     | KLEPIERRE SA                              | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |    736646 | NS      | $29143176.32  | 0.69%             |  |  |  | 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        |  22574726 | NS      | $22574726.22  | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| TUI AG                                           | TUI AG                                    | CUSIP: N/A<br>LEI: 529900SL2WSPV293B552       | Long             | EC               | CORP              | DE        |   2371594 | NS      | $24784392.03  | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                       | AGINCO EAGLE MINES LTD                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |         1 | NS      | $169.60       | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Magellan Financial Group Ltd                     | MAGELLAN FINANCIAL GROUP LTD              | CUSIP: N/A<br>LEI: 549300X5WFW6USQQ9U26       | Long             | EC               | CORP              | AU        |   2832286 | NS      | $18795335.17  | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| Open House Group Co.,LTD.                        | OPEN HOUSE GROUP CO LTD                   | CUSIP: N/A<br>LEI: 529900WQOGPBIJEHW865       | Long             | EC               | CORP              | JP        |    239000 | NS      | $14030935.87  | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| SANDFIRE RESOURCES LIMITED                       | SANDFIRE RESOURCES LTD                    | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |   2160462 | NS      | $25656857.49  | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| KANEKA CORPORATION                               | KANEKA CORP                               | CUSIP: N/A<br>LEI: 529900FWWCF6RY313R16       | Long             | EC               | CORP              | JP        |    316800 | NS      | $8886467.62   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| ORICA LIMITED                                    | ORICA LTD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1666908 | NS      | $26916255.20  | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| OSB GROUP PLC                                    | OSB GROUP PLC                             | CUSIP: N/A<br>LEI: 213800ZBKL9BHSL2K459       | Long             | EC               | CORP              | GB        |   1964608 | NS      | $16821958.65  | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO            | INVESCO GVT & AGNCY-INST                  | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  25524458 | NS      | $25524457.81  | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| DPM Metals Inc.                                  | DPM METALS INC                            | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |   2285710 | NS      | $70649823.81  | 1.68%             |  |  |  | No            | 1                  | On Loan: No      |
| LONDONMETRIC PROPERTY PLC                        | LONDONMETRIC PROPERTY PLC                 | CUSIP: N/A<br>LEI: 213800OCERWWPQDURL87       | Long             | EC               | CORP              | GB        |   7154569 | NS      | $18236944.60  | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| ANSELL LIMITED                                   | ANSELL LTD                                | CUSIP: N/A<br>LEI: 549300NEGJ5G23VCJM45       | Long             | EC               | CORP              | AU        |    505535 | NS      | $11795585.27  | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Mebuki Financial Group, Inc.                     | MEBUKI FINANCIAL GROUP INC                | CUSIP: N/A<br>LEI: 353800K1RXV3E3JAE812       | Long             | EC               | CORP              | JP        |   4819400 | NS      | $31961044.72  | 0.76%             |  |  |  | No            | 2                  | On Loan: No      |
| AUSTAL LIMITED                                   | AUSTAL LTD                                | CUSIP: N/A<br>LEI: 254900DJEFGICBICBU73       | Long             | EC               | CORP              | AU        |   2713897 | NS      | $12094919.60  | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| RAMELIUS RESOURCES LIMITED                       | RAMELIUS RESOURCES LTD                    | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |  15589896 | NS      | $42868783.97  | 1.02%             |  |  |  | No            | 2                  | On Loan: No      |
| SANTEN PHARMACEUTICAL CO., LTD.                  | SANTEN PHARMACEUTICAL CO LTD              | CUSIP: N/A<br>LEI: 529900TPT3I7C17MIM03       | Long             | EC               | CORP              | JP        |   1224500 | NS      | $12702948.27  | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| MAREX GROUP PLC                                  | MAREX GROUP PLC                           | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |    440103 | NS      | $16882351.08  | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Headwater Exploration Inc.                       | HEADWATER EXPLORATION INC                 | CUSIP: 422096107<br>LEI: 549300XIU4JQ0GKLRG88 | Long             | EC               | CORP              | CA        |   3258226 | NS      | $22245393.19  | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| ICG PLC                                          | ICG PLC                                   | CUSIP: N/A<br>LEI: 549300OGASR5WRKJ8R68       | Long             | EC               | CORP              | GB        |    577552 | NS      | $15923841.15  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| BE Semiconductor Industries N.V.                 | BE SEMICONDUCTOR INDUSTRIES               | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |    123863 | NS      | $19362622.86  | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| MAPFRE, S.A.                                     | MAPFRE SA                                 | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |   6066650 | NS      | $30441072.46  | 0.73%             |  |  |  | No            | 2                  | On Loan: No      |
| Euronext N.V.                                    | EURONEXT NV                               | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |    176538 | NS      | $26516948.18  | 0.63%             |  |  |  | Yes           | 2                  | On Loan: No      |
| METHANEX CORPORATION                             | METHANEX CORP                             | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |    531799 | NS      | $21095261.99  | 0.50%             |  |  |  | No            | 1                  | On Loan: —       |
| HORIBA,Ltd.                                      | HORIBA LTD                                | CUSIP: N/A<br>LEI: 529900OOTWPYSNW0EC84       | Long             | EC               | CORP              | JP        |    145500 | NS      | $14853604.49  | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Kiniksa Pharmaceuticals International PLC        | KINIKSA PHARMACEUTICALS INTERNATIONAL PLC | CUSIP: G52694109<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |    332836 | NS      | $13729485.00  | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| KANDENKO CO.,LTD.                                | KANDENKO CO LTD                           | CUSIP: N/A<br>LEI: 35380080NSN7GCYZ3X14       | Long             | EC               | CORP              | JP        |    817900 | NS      | $26272918.71  | 0.63%             |  |  |  | No            | 2                  | On Loan: No      |
| Ypsomed Holding AG                               | YPSOMED HOLDING AG                        | CUSIP: N/A<br>LEI: 391200QLIOTTBNPNSI14       | Long             | EC               | CORP              | CH        |     24375 | NS      | $10030570.01  | 0.24%             |  |  |  | No            | 2                  | On Loan: —       |
| PSP Swiss Property AG                            | PSP SWISS PROPERTY AG                     | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |    163581 | NS      | $29605270.60  | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Shinyaku Co., Ltd.                        | NIPPON SHINYAKU CO LTD                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    386400 | NS      | $13925513.69  | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Avanza Bank Holding AB                           | AVANZA BANK HOLDING AB                    | CUSIP: N/A<br>LEI: 549300MBWR5H8SIJLE03       | Long             | EC               | CORP              | SE        |    672155 | NS      | $25533418.95  | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| CRANSWICK PLC                                    | CRANSWICK PLC                             | CUSIP: N/A<br>LEI: 549300LDZLPU51XOSK43       | Long             | EC               | CORP              | GB        |    260478 | NS      | $17353385.74  | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Sportradar Group AG                              | SPORTRADAR GROUP AG                       | CUSIP: H8088L103<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |    607406 | NS      | $14438040.62  | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| TSUMURA & CO.                                    | TSUMURA CO                                | CUSIP: N/A<br>LEI: 3538005RS3M1OVJLC663       | Long             | EC               | CORP              | JP        |    541600 | NS      | $14067825.21  | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| ELIS SA                                          | ELIS SA                                   | CUSIP: N/A<br>LEI: 969500UX71LCE8MAY492       | Long             | EC               | CORP              | FR        |    844883 | NS      | $23971951.41  | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| INVESTEC PLC                                     | INVESTEC PLC                              | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | GB        |   2060206 | NS      | $15289962.40  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| SUSS MicroTec SE                                 | SUESS MICROTEC SE                         | CUSIP: N/A<br>LEI: 529900C3KRUTSYDK7N87       | Long             | EC               | CORP              | DE        |    252015 | NS      | $11398985.68  | 0.27%             |  |  |  | No            | 2                  | On Loan: —       |
| Sulzer AG                                        | SULZER AG                                 | CUSIP: N/A<br>LEI: 529900NZ6MAST5IJF669       | Long             | EC               | CORP              | CH        |    155376 | NS      | $28694054.30  | 0.68%             |  |  |  | No            | 2                  | On Loan: No      |
| CTS Eventim AG & Co. KGaA                        | CTS EVENTIM AG CO KGAA                    | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |    150744 | NS      | $13798300.56  | 0.33%             |  |  |  | No            | 2                  | On Loan: —       |
| Sheng Siong Group Ltd                            | SHENG SIONG GROUP LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |   6031600 | NS      | $12333452.29  | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| SAMSUNG E&A CO.,LTD                              | SAMSUNG E A CO LTD                        | CUSIP: N/A<br>LEI: 988400HDAY5KIVHGZ188       | Long             | EC               | CORP              | KR        |    552991 | NS      | $9213711.73   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Avolta AG                                        | DUFRY AG REG                              | CUSIP: N/A<br>LEI: 549300X53WDBVW7TIF57       | Long             | EC               | CORP              | CH        |    258974 | NS      | $15278095.24  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| BANCA GENERALI - SOCIETA PER AZIONI              | BANCA GENERALI SPA                        | CUSIP: N/A<br>LEI: 815600903231FA2E7698       | Long             | EC               | CORP              | IT        |    231222 | NS      | $15433639.17  | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| NCC Aktiebolag                                   | NCC AB                                    | CUSIP: N/A<br>LEI: 213800WRGLW3CY4MHW53       | Long             | EC               | CORP              | SE        |    679746 | NS      | $16191139.25  | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| ABC-MART,INC.                                    | ABC MART INC                              | CUSIP: N/A<br>LEI: 353800AXWW4CMTSJWL33       | Long             | EC               | CORP              | JP        |    618200 | NS      | $10477191.84  | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Kyushu Electric Power Company, Incorporated      | KYUSHU ELECTRIC POWER CO INC              | CUSIP: N/A<br>LEI: 549300BYNZPLKQVQH430       | Long             | EC               | CORP              | JP        |   1469400 | NS      | $15766334.27  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| CONVATEC GROUP PLC                               | CONVATEC GROUP PLC                        | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |   5296304 | NS      | $17288870.34  | 0.41%             |  |  |  | Yes           | 2                  | On Loan: No      |
| TOYO SUISAN KAISHA, LTD.                         | TOYO SUISAN KAISHA LTD                    | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    262100 | NS      | $17982773.96  | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| freenet AG                                       | FREENET AG                                | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |    590879 | NS      | $20352488.58  | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| Softcat PLC                                      | SOFTCAT PLC                               | CUSIP: N/A<br>LEI: 213800N42YZLR9GLVC42       | Long             | EC               | CORP              | GB        |    591640 | NS      | $11259906.11  | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| IBIDEN CO.,LTD.                                  | IBIDEN CO LTD                             | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |    801800 | NS      | $34635677.16  | 0.83%             |  |  |  | No            | 2                  | On Loan: No      |
| ROYAL UNIBREW A/S                                | ROYAL UNIBREW A S                         | CUSIP: N/A<br>LEI: 529900D69KFL8IAP8Q63       | Long             | EC               | CORP              | DK        |    209559 | NS      | $18911945.65  | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| SINGAPORE DOLLARS                                | SINGAPORE DOLLAR                          | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SG        |         0 | NS      | $0.01         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| TAIHEIYO CEMENT CORPORATION                      | TAIHEIYO CEMENT CORP                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    455800 | NS      | $11324589.16  | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Qiagen N.V.                                      | QIAGEN NV                                 | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |    369554 | NS      | $16804773.65  | 0.40%             |  |  |  | No            | 2                  | On Loan: —       |
| BENDIGO AND ADELAIDE BANK LIMITED                | BENDIGO AND ADELAIDE BANK                 | CUSIP: N/A<br>LEI: 549300Y9URD6W70K0360       | Long             | EC               | CORP              | AU        |   1801464 | NS      | $12617526.35  | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| WATCHES OF SWITZERLAND GROUP PLC                 | WATCHES OF SWITZERLAND GROUP PLC          | CUSIP: N/A<br>LEI: 2138008ZOT5K9PJW7168       | Long             | EC               | CORP              | GB        |   1866631 | NS      | $11829108.77  | 0.28%             |  |  |  | Yes           | 2                  | On Loan: No      |
| AZIMUT HOLDING S.P.A.                            | AZIMUT HOLDING SPA                        | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |    595763 | NS      | $24816093.43  | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| Nissan Chemical Corporation                      | NISSAN CHEMICAL CORP                      | CUSIP: N/A<br>LEI: 3538002E4L1CUGJFFU25       | Long             | EC               | CORP              | JP        |    477900 | NS      | $16424085.41  | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| DO & CO Aktiengesellschaft                       | DO CO AG                                  | CUSIP: N/A<br>LEI: 5299002NFQKOBT1E8569       | Long             | EC               | CORP              | AT        |     52316 | NS      | $12712428.36  | 0.30%             |  |  |  | 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        |    233847 | NS      | $14517207.05  | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Leeno Industrial Inc                             | LEENO INDUSTRIAL INC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    424590 | NS      | $17806366.50  | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| SANKYO CO., LTD.                                 | SANKYO CO LTD                             | CUSIP: N/A<br>LEI: 3538009H2R9ZBZAOAK48       | Long             | EC               | CORP              | JP        |   1442100 | NS      | $23409542.20  | 0.56%             |  |  |  | No            | 2                  | On Loan: No      |
| NORWEGIAN KRONE                                  | NORWEGIAN KRONE                           | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | NO        |        88 | NS      | $8.73         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Colruyt Group NV                                 | COLRUYT GROUP N V                         | CUSIP: N/A<br>LEI: 5493000O0NZ1BCXO8K39       | Long             | EC               | CORP              | BE        |    291666 | NS      | $10797735.87  | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| GREAT BRITISH POUND                              | GREAT BRITISH POUND                       | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | GB        |        12 | NS      | $16.64        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| IPSEN SA                                         | IPSEN SA                                  | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |    132672 | NS      | $18510097.98  | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| Nordex SE                                        | NORDEX SE                                 | CUSIP: N/A<br>LEI: 529900HVDYCUWVD0OE76       | Long             | EC               | CORP              | DE        |    607986 | NS      | $20605927.73  | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| CES ENERGY SOLUTIONS CORP                        | CES ENERGY SOLUTIONS CORP                 | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |   1839070 | NS      | $16442282.79  | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| INDIVIOR PLC                                     | INDIVIOR PLC                              | CUSIP: G4766E116<br>LEI: 213800V3NCQTY7IED471 | Long             | EC               | CORP              | GB        |    515247 | NS      | $18487062.36  | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Anycolor Inc                                     | ANYCOLOR INC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    532200 | NS      | $16419698.80  | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| INFRONEER Holdings Inc.                          | INFRONEER HOLDINGS INC                    | CUSIP: N/A<br>LEI: 353800G6TWA2W0MY9K16       | Long             | EC               | CORP              | JP        |   1690500 | NS      | $23102580.52  | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| SWCC Corporation                                 | SWCC SHOWA HOLDINGS CO LTD                | CUSIP: N/A<br>LEI: 353800A7RNYOC4KL4T49       | Long             | EC               | CORP              | JP        |    279600 | NS      | $18441765.36  | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| RESORTTRUST,INC.                                 | RESORTTRUST INC                           | CUSIP: N/A<br>LEI: 353800FM9MYWH105SE11       | Long             | EC               | CORP              | JP        |   1204700 | NS      | $15074847.34  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| SANKYU INC.                                      | SANKYU INC                                | CUSIP: N/A<br>LEI: 529900QWTXZZEM1T5G75       | Long             | EC               | CORP              | JP        |    220400 | NS      | $11913546.83  | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| VENTIA SERVICES GROUP LIMITED                    | VENTIA SERVICES GROUP PTY LTD             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   5206646 | NS      | $20640358.69  | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| REPLY S.P.A.                                     | REPLY SPA                                 | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |    120073 | NS      | $16075785.06  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| EURO                                             | EURO                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |   1283485 | NS      | $1508225.31   | 0.04%             |  |  |  | No            | N/A                | On Loan: No      |
| ALSTOM SA                                        | ALSTOM SA                                 | CUSIP: N/A<br>LEI: 96950032TUYMW11FB530       | Long             | EC               | CORP              | FR        |    455083 | NS      | $13424693.09  | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokyu Fudosan Holdings Corporation               | TOKYU FUDOSAN HOLDINGS CORP               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   2299300 | NS      | $21006786.00  | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| SOPRA STERIA GROUP SA                            | SOPRA STERIA GROUP                        | CUSIP: N/A<br>LEI: 96950020QIOHAAK9V551       | Long             | EC               | CORP              | FR        |     93557 | NS      | $16936947.32  | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| EBARA CORPORATION                                | EBARA CORP                                | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |    870900 | NS      | $20529532.37  | 0.49%             |  |  |  | No            | 2                  | On Loan: —       |
| Japan Hotel REIT Investment Corporation          | JAPAN HOTEL REIT INVESTMENT CORP          | CUSIP: N/A<br>LEI: 353800L8KG849FP1JI68       | Long             | EC               | CORP              | JP        |     26894 | NS      | $14037857.51  | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| NHK SPRING CO., LTD.                             | NHK SPRING CO LTD                         | CUSIP: N/A<br>LEI: 35380033IJ3XRDV8VH57       | Long             | EC               | CORP              | JP        |   1172300 | NS      | $18890924.12  | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| COVIVIO SA                                       | COVIVIO                                   | CUSIP: N/A<br>LEI: 969500P8M3W2XX376054       | Long             | EC               | CORP              | FR        |    323483 | NS      | $21471165.42  | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| EFG International AG                             | EFG INTERNATIONAL AG                      | CUSIP: N/A<br>LEI: 506700PR1R98BSF81139       | Long             | EC               | CORP              | CH        |    572864 | NS      | $13742367.90  | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| MAIRE S.P.A.                                     | MAIRE TECNIMONT SPA                       | CUSIP: N/A<br>LEI: 815600D85A61200A1B83       | Long             | EC               | CORP              | IT        |    983019 | NS      | $14930244.86  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Adecco Group AG                                  | ADECCO GROUP AG                           | CUSIP: N/A<br>LEI: NI14Y5UMU60O7JE9P611       | Long             | EC               | CORP              | CH        |    586142 | NS      | $16885153.64  | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| Wihlborgs Fastigheter AB                         | WIHLBORGS FASTIGHETER AB                  | CUSIP: N/A<br>LEI: 549300RC1YDJPITF8X06       | Long             | EC               | CORP              | SE        |   1559450 | NS      | $15428210.02  | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| CHARTER HALL GROUP                               | CHARTER HALL GROUP                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |   1407332 | NS      | $22885698.33  | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| UOL GROUP LIMITED                                | UOL GROUP LTD                             | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |   2788600 | NS      | $18943572.12  | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| ISS A/S                                          | ISS A S                                   | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |    529449 | NS      | $18040018.73  | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| BEAZLEY PLC                                      | BEAZLEY PLC                               | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |   2261832 | NS      | $25288613.25  | 0.60%             |  |  |  | No            | 2                  | On Loan: No      |
| Morinaga Milk Industry Co., Ltd.                 | MORINAGA MILK INDUSTRY CO LTD             | CUSIP: N/A<br>LEI: 529900FB91P7MVO08949       | Long             | EC               | CORP              | JP        |    525300 | NS      | $12490325.67  | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Nissui Corporation                               | NISSUI CORP                               | CUSIP: N/A<br>LEI: 529900MPH5BMANQ3EC50       | Long             | EC               | CORP              | JP        |   2567400 | NS      | $18727714.42  | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| TOKYO OHKA KOGYO CO., LTD.                       | TOKYO OHKA KOGYO CO LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    661600 | NS      | $24525905.60  | 0.58%             |  |  |  | No            | 2                  | On Loan: No      |
| SANIL ELECTRIC CO., LTD.                         | SANIL ELECTRIC CO LTD                     | CUSIP: N/A<br>LEI: 988400KW0ZAP6QNYIX16       | Long             | EC               | CORP              | KR        |    183369 | NS      | $16542958.79  | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| JET2 PLC                                         | JET2 PLC                                  | CUSIP: N/A<br>LEI: I72RQ3PNLDPW8R7JIJ56       | Long             | EC               | CORP              | GB        |    618895 | NS      | $11668937.92  | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Lion Corporation                                 | LION CORP                                 | CUSIP: N/A<br>LEI: 529900MPGS2GM7VPG855       | Long             | EC               | CORP              | JP        |   1166200 | NS      | $12269127.40  | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| IREN S.P.A.                                      | IREN SPA                                  | CUSIP: N/A<br>LEI: 8156001EBD33FD474E60       | Long             | EC               | CORP              | IT        |   5957901 | NS      | $17843235.93  | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| MSILF Government Portfolio                       | MSILF GOVERNMENT-INST                     | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  19644973 | NS      | $19644972.82  | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| CANADIAN DOLLAR                                  | CANADIAN DOLLAR                           | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CA        |    294438 | NS      | $214542.45    | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| PAL Group Holdings Co Ltd                        | PAL GROUP HOLDINGS CO LTD                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    867400 | NS      | $11241138.03  | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| BRITISH LAND COMPANY PUBLIC LIMITED COMPANY(THE) | BRITISH LAND CO PLC                       | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |   3099012 | NS      | $16813467.99  | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| EIFFAGE SA                                       | EIFFAGE SA                                | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |    189725 | NS      | $27181399.82  | 0.65%             |  |  |  | No            | 2                  | On Loan: No      |
| INCHCAPE PLC                                     | INCHCAPE PLC                              | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |   1588086 | NS      | $16445403.38  | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| WEBUILD S.P.A.                                   | WEBUILD SPA                               | CUSIP: N/A<br>LEI: 549300UKR289DF4UXQ47       | Long             | EC               | CORP              | IT        |   2754720 | NS      | $10970868.52  | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| Yamaguchi Financial Group, Inc.                  | YAMAGUCHI FINANCIAL GROUP INC             | CUSIP: N/A<br>LEI: 353800898JPV95YSY548       | Long             | EC               | CORP              | JP        |   1661600 | NS      | $22559013.55  | 0.54%             |  |  |  | No            | 2                  | On Loan: No      |
| TRAINLINE PLC                                    | TRAINLINE PLC                             | CUSIP: N/A<br>LEI: 213800HO26VXTFJ4MO71       | Long             | EC               | CORP              | GB        |   3857707 | NS      | $11435342.79  | 0.27%             |  |  |  | Yes           | 2                  | On Loan: No      |
| CAIRN HOMES P.L.C                                | CAIRN HOMES PLC                           | CUSIP: N/A<br>LEI: 635400DPX6WP2KKDOA83       | Long             | EC               | CORP              | IE        |   5447132 | NS      | $13250677.73  | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| MILLICOM INTERNATIONAL CELLULAR S.A.             | MILLICOM INTERNATIONAL CELLULAR SA        | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |    476832 | NS      | $26435566.08  | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Scout24 SE                                       | SCOUT24 SE                                | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               | CORP              | DE        |    201443 | NS      | $20231231.13  | 0.48%             |  |  |  | Yes           | 2                  | On Loan: No      |
| COMPUTACENTER PLC                                | COMPUTACENTER PLC                         | CUSIP: N/A<br>LEI: 549300XSXUZ1I19DB105       | Long             | EC               | CORP              | GB        |    425589 | NS      | $16723760.08  | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| DKSH Holding AG                                  | DKSH HOLDING LIMITED                      | CUSIP: N/A<br>LEI: 549300HUUUNHO6FJUS42       | Long             | EC               | CORP              | CH        |    164693 | NS      | $11842770.58  | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| FUJI CORPORATION                                 | FUJI CORP AICHI                           | CUSIP: N/A<br>LEI: 353800G4VS3QLM6BSX66       | Long             | EC               | CORP              | JP        |    684800 | NS      | $15957945.19  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| TOYODA GOSEI CO., LTD.                           | TOYODA GOSEI CO LTD                       | CUSIP: N/A<br>LEI: 353800ZV4HXVM4DWPO50       | Long             | EC               | CORP              | JP        |    626800 | NS      | $15804104.99  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Keppel DC REIT                                   | KEPPEL DC REIT                            | CUSIP: N/A<br>LEI: 254900L7YDIFLO15BD60       | Long             |  | RF                | SG        |   9066700 | NS      | $15858181.09  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| DE ' LONGHI S.P.A.                               | DE LONGHI SPA                             | CUSIP: N/A<br>LEI: 8156000E09A52C4F8A38       | Long             | EC               | CORP              | IT        |    408242 | NS      | $17377429.57  | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| VIRBAC SA                                        | VIRBAC S A                                | CUSIP: N/A<br>LEI: 969500QQ1X5XHG649644       | Long             | EC               | CORP              | FR        |     33310 | NS      | $13965802.68  | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| BABCOCK INTERNATIONAL GROUP PLC                  | BABCOCK INTERNATIONAL GROUP PLC           | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |   1779150 | NS      | $29643892.49  | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| Kardex Holding AG                                | KARDEX HOLDING AG                         | CUSIP: N/A<br>LEI: 529900JKKMQ07D6QZ480       | Long             | EC               | CORP              | CH        |     28967 | NS      | $10034627.87  | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Netcompany Group A/S                             | NETCOMPANY GROUP AS                       | CUSIP: N/A<br>LEI: 5299006DEGAWX1Z1X779       | Long             | EC               | CORP              | DK        |    277331 | NS      | $15516034.49  | 0.37%             |  |  |  | Yes           | 2                  | On Loan: —       |
| UMICORE SA                                       | UMICORE SA                                | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |   1114199 | NS      | $23289172.53  | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| ASR Nederland N.V.                               | ASR NEDERLAND NV                          | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |    330114 | NS      | $23485911.90  | 0.56%             |  |  |  | No            | 2                  | On Loan: No      |
| MERLIN Properties SOCIMI, S.A.                   | MERLIN PROPERTIES SOCIMI SA               | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |   1729793 | NS      | $25181078.53  | 0.60%             |  |  |  | No            | 2                  | On Loan: No      |
| Daicel Corporation                               | DAICEL CORP                               | CUSIP: N/A<br>LEI: 353800ZG4XF6D7NZGS72       | Long             | EC               | CORP              | JP        |   1664500 | NS      | $14903861.92  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| TRITAX BIG BOX REIT PLC                          | TRITAX BIG BOX REIT PLC                   | CUSIP: N/A<br>LEI: 213800L6X88MIYPVR714       | Long             | EC               | RF                | GB        |   7385777 | NS      | $15089702.02  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| OceanaGold Corporation                           | OCEANAGOLD CORP                           | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |   2130155 | NS      | $60378191.13  | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| GS Yuasa Corporation                             | GS YUASA CORP                             | CUSIP: N/A<br>LEI: 353800MW7O6PQQHLDR79       | Long             | EC               | CORP              | JP        |    777700 | NS      | $18651188.26  | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| ANRITSU CORPORATION                              | ANRITSU CORP                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1052500 | NS      | $15086869.96  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| CELESTICA INC.                                   | CELESTICA INC                             | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     70158 | NS      | $20755501.01  | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Boardwalk Real Estate Investment Trust           | BOARDWALK REAL ESTATE INVEST              | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             |  | CORP              | CA        |    358240 | NS      | $16831328.48  | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| EASYJET PLC                                      | EASYJET PLC                               | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |   1477257 | NS      | $10132113.22  | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| QUEBECOR INC.                                    | QUEBECOR INC                              | CUSIP: 748193208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    398065 | NS      | $14995599.32  | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| GEA Group Aktiengesellschaft                     | MG TECHNOLOGIES AG                        | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |    257410 | NS      | $17394892.90  | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| SAWAI GROUP HOLDINGS Co., Ltd.                   | SAWAI GROUP HOLDINGS CO LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    998700 | NS      | $15030815.34  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| FLSMIDTH & CO. A/S                               | FLSMIDTH COMPANY A S                      | CUSIP: N/A<br>LEI: 213800MXXDGQ3ITPXI41       | Long             | EC               | CORP              | DK        |    216072 | NS      | $15028450.38  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| BALFOUR BEATTY PLC                               | BALFOUR BEATTY PLC                        | CUSIP: N/A<br>LEI: CT4UIJ3TUKGYYHMENQ17       | Long             | EC               | CORP              | GB        |   2831044 | NS      | $26997310.42  | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| BIRD CONSTRUCTION INC.                           | BIRD CONSTRUCTION INC                     | CUSIP: 09076P104<br>LEI: 549300P1WGG3QPKID017 | Long             | EC               | CORP              | CA        |    588037 | NS      | $12220063.57  | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| NEXTEER AUTOMOTIVE GROUP LIMITED                 | NEXTEER AUTOMOTIVE GROUP LTD              | CUSIP: N/A<br>LEI: 529900O9GGNBKMJ9UO48       | Long             | EC               | CORP              | KY        |  18387000 | NS      | $15147666.84  | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| MELCO RESORTS & ENTERTAINMENT LIMITED            | MELCO RESORTS ENTERTAINMENT LTD           | CUSIP: 585464100<br>LEI: 529900NRV6LBR3T6B421 | Long             |  | CORP              | KY        |   1541185 | NS      | $11666770.45  | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Coca-Cola HBC AG                                 | COCA COLA HBC AG                          | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |    281885 | NS      | $14580303.50  | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| NITTO BOSEKI CO., LTD.                           | NITTO BOSEKI CO LTD                       | CUSIP: N/A<br>LEI: 3538005B13YMJ9BWQO82       | Long             | EC               | CORP              | JP        |    411300 | NS      | $26739706.51  | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| SPIE SA                                          | SPIE SA                                   | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |    558475 | NS      | $32194168.25  | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| KION GROUP AG                                    | KION GROUP AG                             | CUSIP: N/A<br>LEI: 5299005KY91C4C6U9H17       | Long             | EC               | CORP              | DE        |    202496 | NS      | $15999332.31  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| TAG Immobilien AG                                | TAG IMMOBILIEN AG                         | CUSIP: N/A<br>LEI: 529900TAE68USJNXLR59       | Long             | EC               | CORP              | DE        |   1386982 | NS      | $21479533.65  | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| FOOD & LIFE COMPANIES LTD.                       | FOOD LIFE COMPANIES LTD                   | CUSIP: N/A<br>LEI: 529900CWF7GCVZKS5M87       | Long             | EC               | CORP              | JP        |    376300 | NS      | $18985151.73  | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| Zalando SE                                       | ZALANDO SE                                | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |    743766 | NS      | $21944513.17  | 0.52%             |  |  |  | Yes           | 2                  | On Loan: No      |
| HYUNDAI ROTEM COMPANY                            | HYUNDAI ROTEM CO LTD                      | CUSIP: Y3R36Z108<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |    123907 | NS      | $16162788.67  | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| ISU Petasys Co., Ltd.                            | ISUPETASYS CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    325445 | NS      | $26992237.22  | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| MEIDENSHA CORPORATION                            | MEIDENSHA CORP                            | CUSIP: N/A<br>LEI: 529900VFKHJPVURD7985       | Long             | EC               | CORP              | JP        |    310300 | NS      | $11051907.35  | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| HARBOUR ENERGY PLC                               | HARBOUR ENERGY PLC                        | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |   6096885 | NS      | $16037953.19  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| CLASSYS Inc.                                     | CLASSYS INC                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    506738 | NS      | $19138585.15  | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| KIWOOM Securities Co., Ltd.                      | KIWOOM SECURITIES CO LTD                  | CUSIP: N/A<br>LEI: 988400O27CNGJA2QWJ18       | Long             | EC               | CORP              | KR        |     79751 | NS      | $16034793.46  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Buzzi SpA                                        | BUZZI UNICEM SPA                          | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |    562028 | NS      | $33972364.61  | 0.81%             |  |  |  | No            | 2                  | On Loan: No      |
| Toyo Tire Corporation                            | TOYO TIRE CORP                            | CUSIP: N/A<br>LEI: 529900Y41RD7VQM9RF75       | Long             | EC               | CORP              | JP        |    716800 | NS      | $19895946.20  | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| SCATEC ASA                                       | SCATEC ASA                                | CUSIP: N/A<br>LEI: 5967007LIEEXZXIARK36       | Long             | EC               | CORP              | NO        |   1270387 | NS      | $13361454.51  | 0.32%             |  |  |  | Yes           | 2                  | On Loan: No      |
| ALGONQUIN POWER & UTILITIES CORP.                | ALGONQUIN POWER UTILITIES CORP            | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |   3690722 | NS      | $22697241.10  | 0.54%             |  |  |  | No            | 1                  | On Loan: —       |
| AMP LIMITED                                      | AMP LIMITED                               | CUSIP: N/A<br>LEI: 5299000D93LTLU0UJR35       | Long             | EC               | CORP              | AU        |  15443279 | NS      | $18732013.05  | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Electric Glass Co., Ltd.                  | NIPPON ELECTRIC GLASS CO LTD              | CUSIP: N/A<br>LEI: 529900NCIGSAX4V03234       | Long             | EC               | CORP              | JP        |    509600 | NS      | $20038115.07  | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| LOTTOMATICA GROUP S.P.A.                         | LOTTOMATICA GROUP SPA                     | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | EC               | CORP              | IT        |    651872 | NS      | $17082317.29  | 0.41%             |  |  |  | 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        |    962036 | NS      | $17105321.09  | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Atalaya Mining Copper, S.A.                      | ATALAYA MINING COPPER SA                  | CUSIP: E0R97K105<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |   1383608 | NS      | $15842271.51  | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| DENTSU SOKEN INC.                                | DENTSU SOKEN INC                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    826500 | NS      | $14448623.56  | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| COLLIERS INTERNATIONAL GROUP INC.                | COLLIERS INTERNATIONAL GROUP INC          | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     93097 | NS      | $13685069.06  | 0.33%             |  |  |  | No            | 1                  | On Loan: —       |
| WHITECAP RESOURCES INC.                          | WHITECAP RESOURCES INC                    | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |   3880895 | NS      | $32519886.69  | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| BANKINTER, S.A.                                  | BANKINTER SA                              | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |   2917090 | NS      | $48347276.58  | 1.15%             |  |  |  | No            | 2                  | On Loan: No      |
| MITIE GROUP PLC                                  | MITIE GROUP PLC                           | CUSIP: N/A<br>LEI: 213800MTCLTKEHWZMJ03       | Long             | EC               | CORP              | GB        |   5887592 | NS      | $13212260.70  | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| ENERFLEX LTD.                                    | ENERFLEX LTD                              | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |   1438820 | NS      | $22184079.86  | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Storskogen Group AB (publ)                       | STORSKOGEN GROUP AB                       | CUSIP: W91106117<br>LEI: 549300DL3K4HLJ41KD24 | Long             | EC               | CORP              | SE        |  10666127 | NS      | $13445917.21  | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| LES VETEMENTS DE SPORT GILDAN INC.               | GILDAN ACTIVEWEAR INC                     | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |    248250 | NS      | $15518338.31  | 0.37%             |  |  |  | No            | 1                  | On Loan: —       |
| JYSKE BANK A/S                                   | JYSKE BANK A S                            | CUSIP: N/A<br>LEI: 3M5E1GQGKL17HI6CPN30       | Long             | EC               | CORP              | DK        |    188760 | NS      | $25836239.78  | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| VERMILION ENERGY INC.                            | VERMILION ENERGY INC                      | CUSIP: 923725105<br>LEI: 8945009D1HGCJC8M8A68 | Long             | EC               | CORP              | CA        |   1816344 | NS      | $15114142.00  | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| TEMENOS AG                                       | TEMENOS AG                                | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |    196248 | NS      | $19522158.66  | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| MITSUI E&S Co., Ltd.                             | MITSUI E S CO LTD                         | CUSIP: N/A<br>LEI: 5493007T2YKKWF2NYN82       | Long             | EC               | CORP              | JP        |    460100 | NS      | $16427454.70  | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| Games Workshop Group PLC                         | GAMES WORKSHOP GROUP PLC                  | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |     72016 | NS      | $18317936.19  | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| SATS LTD.                                        | SATS LTD                                  | CUSIP: N/A<br>LEI: 529900SEP1R0K8049D51       | Long             | EC               | CORP              | SG        |   4732900 | NS      | $14012570.63  | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Netmarble Corporation                            | NETMARBLE CORP                            | CUSIP: N/A<br>LEI: 988400T1LQCQT8H5EO27       | Long             | EC               | CORP              | KR        |    367208 | NS      | $12287789.90  | 0.29%             |  |  |  | Yes           | 2                  | On Loan: No      |
| LG INNOTEK CO.,LTD                               | LG INNOTEK CO LTD                         | CUSIP: N/A<br>LEI: 988400KTHH2LMUX7EB48       | Long             | EC               | CORP              | KR        |     82299 | NS      | $15480453.39  | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Indra Sistemas, S.A.                             | INDRA SISTEMAS SA                         | CUSIP: N/A<br>LEI: 95980020140005308793       | Long             | EC               | CORP              | ES        |    726408 | NS      | $41289431.42  | 0.98%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer