# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-25-002179
**Filing Date:** 2025-11
**Character Count:** 79687
**Document Hash:** 5bd0e534bf3881a7542057249a60d9bc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002179.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001004726-25-002179

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**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:** 251520117

**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 Fund - Core Equity (Series ID: S000046399)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144995 | Class A      | MAICX           |
| C000144997 | Class I      | MICIX           |
| C000144998 | Class Y      | MICYX           |
| C000155527 | Class R6     | MAIRX           |

## 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 Fund - Core Equity

- **b. EDGAR series identifier (if any):** S000046399

- **c. LEI of Series:** 549300ZTXG8QP2J0Y703

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $248468123.00

**Total Liabilities:** $2225568.38

**Net Assets:** $246242554.62

**Cash Not Reported:** $2457231.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144998 | -0.63%               | 3.91%                | 3.97%                |
| Class ID C000144995 | -0.73%               | 3.91%                | 4.07%                |
| Class ID C000155527 | -0.62%               | 3.95%                | 4.00%                |
| Class ID C000144997 | -0.62%               | 3.87%                | 4.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1350029.18              | $-3104108.66                               |
| Month 2  | $5292900.44              | $3526922.12                                |
| Month 3  | $1104804.51              | $7888105.39                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Titan SA                                                                  | TITAN CEMENT INTERNATIONAL SA                 | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |     19281 | NS      | $789886.01    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Info Service Public Company Limited                              | ADVANCED INFO SERVICE NVDR                    | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             |  | CORP              | TH        |     71500 | NS      | $642401.33    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                    | STANDARD CHARTERED PLC                        | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    143410 | NS      | $2782824.05   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrari N.V.                                                              | FERRARI NV                                    | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      2029 | NS      | $983373.95    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                                                         | SIEMENS ENERGY AG                             | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     10449 | NS      | $1228428.47   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                            | ELEMENT FINANCIAL CORP                        | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |     40087 | NS      | $1038257.62   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental, S.A.B. de C.V.                                          | ARCA CONTINENTAL SAB DE CV                    | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               | CORP              | MX        |     67796 | NS      | $710968.46    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                                                     | BANCO SANTANDER SA                            | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    310962 | NS      | $3262921.11   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS GROUP AG                                  | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     19542 | NS      | $803592.25    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| XIAOMI CORPORATION                                                        | XIAOMI CORP                                   | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |     97400 | NS      | $676946.48    | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Raia Drogasil S/A                                                         | RAIA DROGASIL SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    228500 | NS      | $790907.04    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KOMATSU LTD.                                                              | KOMATSU LIMITED                               | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |     30000 | NS      | $1045221.91   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding N.V.                                                         | ASML HOLDING N V                              | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      1955 | NS      | $1906248.75   | 0.77%             |  |  |  | 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        |    376245 | NS      | $376245.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PRADA S.P.A.                                                              | PRADA S P A                                   | CUSIP: N/A<br>LEI: 8156000FE0A2DC5B7852       | Long             | EC               | CORP              | IT        |    197200 | NS      | $1187301.31   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                                          | ARCELORMITTAL                                 | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |     23721 | NS      | $855648.26    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group Aktiengesellschaft                                              | MG TECHNOLOGIES AG                            | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |     10508 | NS      | $776779.88    | 0.32%             |  |  |  | No            |                  2 | 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        |    104531 | NS      | $826552.51    | 0.34%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PERSISTENT SYSTEMS LIMITED                                                | PERSISTENT SYSTEMS LTD                        | CUSIP: N/A<br>LEI: 3358006QYD77Z66S1J89       | Long             | EC               | CORP              | IN        |      9814 | NS      | $534088.62    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                              | TAIWAN SEMICONDUCTOR MANUFACTU                | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    192000 | NS      | $8342797.67   | 3.39%             |  |  |  | No            |                  2 | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                                   | VEOLIA ENVIRONNEMENT                          | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |     29822 | NS      | $1016861.07   | 0.41%             |  |  |  | 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        |     20394 | NS      | $701553.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MatsukiyoCocokara & Co.                                                   | MATSUKIYOCOCOKARA CO                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     54600 | NS      | $1108428.07   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA ELECTRONICS, INC.                                                   | DELTA ELECTRONICS INC                         | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     38000 | NS      | $1070814.81   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Galp Energia, SGPS, S.A.                                                  | GALP ENERGIA SGPS SA                          | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |     53170 | NS      | $1007430.72   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| IPSEN SA                                                                  | IPSEN SA                                      | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |      5900 | NS      | $792129.65    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| GOODMAN GROUP                                                             | GOODMAN GROUP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |     33964 | NS      | $735809.48    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE DE MONTREAL                                                        | BANK OF MONTREAL                              | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | RF                | CA        |      8183 | NS      | $1066465.72   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                                             | SAMSUNG ELECTRONICS CO LTD                    | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     18868 | NS      | $1131343.92   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| HIKMA PHARMACEUTICALS PUBLIC LIMITED COMPANY                              | HIKMA PHARMACEUTICALS PLC                     | CUSIP: N/A<br>LEI: 549300BNS685UXH4JI75       | Long             | EC               | CORP              | GB        |     32934 | NS      | $755921.40    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| LES VETEMENTS DE SPORT GILDAN INC.                                        | GILDAN ACTIVEWEAR INC                         | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     11787 | NS      | $681045.49    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GENMAB A/S                                                                | GENMAB A S                                    | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      3499 | NS      | $1079771.64   | 0.44%             |  |  |  | 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        |     90800 | NS      | $914646.32    | 0.37%             |  |  |  | Yes           |                  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        |    648000 | NS      | $1461838.87   | 0.59%             |  |  |  | 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        |    112000 | NS      | $799958.17    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen | MUENCHENER RUECKVERSICHERUNGS GESELLSCHAFT AG | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      2512 | NS      | $1603643.86   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON SE                                                                   | E ON SE                                       | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     57182 | NS      | $1076913.64   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| argenx SE                                                                 | ARGENX SE                                     | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      1464 | NS      | $1081539.10   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext N.V.                                                             | EURONEXT NV                                   | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |      8958 | NS      | $1340945.71   | 0.54%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Iberdrola, S.A.                                                           | IBERDROLA SA                                  | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     74715 | NS      | $1414126.23   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Cencosud S.A.                                                             | CENCOSUD SA                                   | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    262887 | NS      | $748530.01    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYO SUISAN KAISHA, LTD.                                                  | TOYO SUISAN KAISHA LTD                        | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10800 | NS      | $771626.15    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                                               | LUKOIL PJSC                                   | CUSIP: 69343P105<br>LEI: N/A                  | Long             |  | CORP              | RU        |      8489 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| LONDONMETRIC PROPERTY PLC                                                 | LONDONMETRIC PROPERTY PLC                     | CUSIP: N/A<br>LEI: 213800OCERWWPQDURL87       | Long             | EC               | CORP              | GB        |    283642 | NS      | $694829.86    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc.                                                             | SK HYNIX INC                                  | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      7873 | NS      | $1952047.70   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus N.V.                                                               | PROSUS NV                                     | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     28369 | NS      | $2005860.34   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group N.V.                                                             | NN GROUP NV                                   | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     13962 | NS      | $984441.26    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges and Clearing Limited                                  | HONG KONG EXCHANGES CLEARING LTD              | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     16600 | NS      | $942421.51    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corporation                                                 | LUNDIN MINING CORP                            | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     91708 | NS      | $1368205.59   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ELITE MATERIAL CO., LTD.                                                  | ELITE MATERIAL CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     35000 | NS      | $1416957.68   | 0.58%             |  |  |  | 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        |     47456 | NS      | $750301.61    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ASAHI KASEI CORPORATION                                                   | ASAHI KASEI CORP                              | CUSIP: N/A<br>LEI: 353800GPI4Z3MGDGN142       | Long             | EC               | CORP              | JP        |     97400 | NS      | $765614.72    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED                                        | FAIRFAX FINANCIAL HOLDINGS LTD                | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1112 | NS      | $1945740.28   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLICIS GROUPE S.A.                                                      | PUBLICIS GROUPE                               | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |     11400 | NS      | $1096921.02   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| DB INSURANCE CO.,LTD                                                      | DB INSURANCE CO LTD                           | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     11214 | NS      | $1108453.87   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Corporation                                                    | BROOKFIELD CORP                               | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     11410 | NS      | $782997.41    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc.                                                 | SONY FINANCIAL GROUP INC                      | CUSIP: N/A<br>LEI: 353800O7BDSU41WOZA60       | Long             | EC               | CORP              | JP        |     82900 | NS      | $91942.92     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SUZUKI MOTOR CORPORATION                                                  | SUZUKI MOTOR CO                               | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |     61800 | NS      | $899829.98    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| ENGIE SA                                                                  | ENGIE                                         | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     43133 | NS      | $927092.16    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Awwal Bank SJSC                                                     | SAUDI AWWAL BANK                              | CUSIP: M8234F111<br>LEI: 558600TQS0WENZUC5190 | Long             | EC               | CORP              | SA        |     78861 | NS      | $674802.49    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Sulzer AG                                                                 | SULZER AG                                     | CUSIP: N/A<br>LEI: 529900NZ6MAST5IJF669       | Long             | EC               | CORP              | CH        |      3667 | NS      | $625205.11    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc.                                                        | SUNCOR ENERGY INC                             | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     19608 | NS      | $820675.47    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SCREEN Holdings Co.,Ltd.                                                  | SCREEN HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |     12800 | NS      | $1159953.69   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| WuXi AppTec Co., Ltd.                                                     | WUXI APPTEC CO LTD                            | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |     52200 | NS      | $798692.69    | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AerCap Holdings N.V.                                                      | AERCAP HOLDINGS NV                            | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     11915 | NS      | $1441715.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC                                                         | NATIONAL GRID PLC                             | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |     54941 | NS      | $789311.81    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| DRAX GROUP PLC                                                            | DRAX GROUP PLC                                | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    111426 | NS      | $1050711.17   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER HALL GROUP                                                        | CHARTER HALL GROUP                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |     62392 | NS      | $937486.10    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| KUAISHOU TECHNOLOGY                                                       | KUAISHOU TECHNOLOGY                           | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |     82800 | NS      | $895581.70    | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EIFFAGE SA                                                                | EIFFAGE SA                                    | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |      5867 | NS      | $751572.51    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Holcim AG                                                                 | HOLCIM LTD                                    | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |     18265 | NS      | $1558745.48   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC HONG KONG (HOLDINGS) LIMITED                                          | BOC HONG KONG HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    253000 | NS      | $1185285.09   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| IBIDEN CO.,LTD.                                                           | IBIDEN CO LTD                                 | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |     21600 | NS      | $1306716.95   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| QANTAS AIRWAYS LIMITED                                                    | QANTAS AIRWAYS LIMITED                        | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |    159858 | NS      | $1154749.62   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                                       | CHINA CONSTRUCTION BANK CORP                  | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   1065000 | NS      | $1021544.33   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                                               | RELX PLC                                      | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     14612 | NS      | $698040.60    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| 3I GROUP PLC                                                              | 3I GROUP PLC                                  | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     33642 | NS      | $1854171.73   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                                    | EMAAR DEVELOPMENT PJSC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    263687 | NS      | $966291.08    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                                                    | SAP SE                                        | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      7103 | NS      | $1901710.40   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                     | SUMITOMO MITSUI FINANCIAL GROUP INC           | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     89875 | NS      | $2528697.09   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NORTHERN STAR RESOURCES LTD                                               | NORTHERN STAR RESOURCES LTD                   | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |     91764 | NS      | $1432486.05   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corporation                                                           | NEC CORP                                      | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |     85300 | NS      | $2730652.12   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ASICS Corporation                                                         | ASICS CORP                                    | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     43300 | NS      | $1133166.73   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Electric Industries, Ltd.                                        | SUMITOMO ELECTRIC INDUSTRIES LTD              | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |     49700 | NS      | $1414309.82   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Aktiengesellschaft                                                | SIEMENS AG                                    | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |     13127 | NS      | $3543551.83   | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                                                   | SBERBANK OF RUSSIA PJSC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    220230 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| INFOSYS LIMITED                                                           | INFOSYS LIMITED                               | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     39437 | NS      | $641458.65    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                              | BARCLAYS PLC                                  | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | RF                | GB        |    275869 | NS      | $1419224.22   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| OBAYASHI CORPORATION                                                      | OBAYASHI CORPORATION                          | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |     54000 | NS      | $886419.42    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corporation                                             | YOKOGAWA ELECTRIC CORP                        | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |     40200 | NS      | $1153800.13   | 0.47%             |  |  |  | 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        |    360000 | NS      | $1505215.86   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core MSCI EAFE ETF                                                | ISHARES CORE MSCI EAFE ETF                    | CUSIP: 46432F842<br>LEI: N/A                  | Long             |  | RF                | US        |     11389 | NS      | $994373.59    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group, Inc.                                              | MIZUHO FINANCIAL GROUP INC                    | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |     56410 | NS      | $1896462.55   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                                               | RELIANCE INDUSTRIES LTD                       | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     94202 | NS      | $1447006.42   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Limited                                             | ALIBABA GROUP HOLDING LTD                     | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |    202000 | NS      | $4517693.44   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIWA HOUSE INDUSTRY CO.,LTD.                                             | DAIWA HOUSE INDUSTRY CO LTD                   | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |     23200 | NS      | $833312.74    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD COMPANY LIMITED                                                       | BYD CO LTD                                    | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     70500 | NS      | $996526.82    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                                                 | SHELL PLC                                     | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     32600 | NS      | $1161724.50   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| HANWHA AEROSPACE CO., LTD.                                                | HANWHA AEROSPACE CO LTD                       | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |      2486 | NS      | $1966367.03   | 0.80%             |  |  |  | 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        |   1306000 | NS      | $879056.22    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                                               | EQUINOR ASA                                   | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     20562 | NS      | $501680.79    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius Medical Care AG                                                 | FRESENIUS MEDICAL CARE AG                     | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |     12964 | NS      | $684899.43    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPIFY INC.                                                              | SHOPIFY INC                                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      5343 | NS      | $793904.91    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Etihad Etisalat Company SJSC                                              | ETIHAD ETISALAT CO                            | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     38369 | NS      | $691626.55    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co. KGaA                                                      | HENKEL AG CO KGAA                             | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |     15078 | NS      | $1216434.05   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BANKINTER, S.A.                                                           | BANKINTER SA                                  | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |     80449 | NS      | $1271602.74   | 0.52%             |  |  |  | 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        |     25800 | NS      | $883725.53    | 0.36%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Coca-Cola HBC AG                                                          | COCA COLA HBC AG                              | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     27888 | NS      | $1315521.52   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Galaxy Entertainment Group Limited                                        | GALAXY ENTERTAINMENT GROUP LTD                | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |    161000 | NS      | $885263.86    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                                             | MAHINDRA MAHINDRA LTD                         | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |     18815 | NS      | $726198.85    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujikura Ltd.                                                             | FUJIKURA LTD                                  | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |     19300 | NS      | $1888057.82   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| REPLY S.P.A.                                                              | REPLY SPA                                     | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |      4767 | NS      | $680379.24    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO S.A.                                                                 | PETRO RIO SA                                  | CUSIP: N/A<br>LEI: 549300IQAZIWK5RVZX23       | Long             | EC               | CORP              | BR        |     86200 | NS      | $617623.32    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                               | NOVARTIS AG                                   | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     29857 | NS      | $3839686.67   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| SPIE SA                                                                   | SPIE SA                                       | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |     16319 | NS      | $882119.69    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Softcat PLC                                                               | SOFTCAT PLC                                   | CUSIP: N/A<br>LEI: 213800N42YZLR9GLVC42       | Long             | EC               | CORP              | GB        |     30442 | NS      | $647460.76    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORPORATION                                                  | TOYOTA MOTOR CORP                             | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |     86800 | NS      | $1667289.88   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Evonik Industries AG                                                      | EVONIK INDUSTRIES AG                          | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |     41836 | NS      | $727397.80    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI BANK LIMITED                                                        | ICICI BANK LTD                                | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |     98254 | NS      | $1489148.28   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF CHINA LIMITED                                                     | BANK OF CHINA LTD                             | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   1825275 | NS      | $997739.45    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| ANZ GROUP HOLDINGS LIMITED                                                | ANZ GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     81036 | NS      | $1778888.80   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| QBE INSURANCE GROUP LIMITED                                               | QBE INSURANCE GROUP LTD                       | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |     59555 | NS      | $810192.60    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Tele2 AB                                                                  | TELE2 AB                                      | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |     76445 | NS      | $1304681.47   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Limited                                                  | TENCENT HOLDINGS LTD                          | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     48900 | NS      | $4166883.00   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LIMITED                                                               | SEA LTD ADR                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | KY        |      8476 | NS      | $1514915.48   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanzhun Ltd                                                               | KANZHUN LTD                                   | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             |  | CORP              | KY        |     30337 | NS      | $708672.32    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings, Inc.                                               | TOKIO MARINE HOLDINGS INC                     | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     28700 | NS      | $1214797.24   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| TINGYI (CAYMAN ISLANDS) HOLDING CORP.                                     | TINGYI CAYMAN ISLANDS HOLDING CORP            | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | KY        |    336000 | NS      | $448869.26    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| HINDALCO INDUSTRIES LIMITED                                               | HINDALCO INDUSTRIES LTD                       | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |    120348 | NS      | $1032892.51   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| KIA CORPORATION                                                           | KIA CORP                                      | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      8835 | NS      | $634261.71    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandoz Group AG                                                           | SANDOZ GROUP AG                               | CUSIP: N/A<br>LEI: 5493000JWK6XWFEUD320       | Long             | EC               | CORP              | CH        |     16172 | NS      | $964722.87    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV SA                                                   | ANHEUSER BUSCH INBEV SA NV                    | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |     33227 | NS      | $1985948.04   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                                    | DBS GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     34580 | NS      | $1371738.06   | 0.56%             |  |  |  | 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        |     74807 | NS      | $1089159.74   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co., Ltd.                                                 | OTSUKA HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     22100 | NS      | $1178728.39   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCO CORPORATION                                                         | DISCO CORP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2900 | NS      | $909359.20    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co.,Ltd.                                                 | RECRUIT HOLDINGS CO LTD                       | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     13200 | NS      | $709754.58    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| JD Health International Inc                                               | JD HEALTH INTERNATIONAL INC                   | CUSIP: G5074A100<br>LEI: 254900OM3MAXYK8PCC84 | Long             | EC               | CORP              | KY        |     86000 | NS      | $732313.04    | 0.30%             |  |  |  | Yes           |                  2 | On Loan: No      |
| RIO TINTO LIMITED                                                         | RIO TINTO LIMITED                             | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     14139 | NS      | $1140146.72   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| POWER FINANCE CORPORATION LIMITED                                         | POWER FINANCE CORP LTD                        | CUSIP: N/A<br>LEI: 3358003Q6D9LIJJZ1614       | Long             | EC               |  | IN        |    155931 | NS      | $720111.52    | 0.29%             |  |  |  | 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        |    376245 | NS      | $376245.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DPM Metals Inc.                                                           | DPM METALS INC                                | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     83012 | NS      | $1840402.59   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WHITECAP RESOURCES INC.                                                   | WHITECAP RESOURCES INC                        | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |    103955 | NS      | $793389.94    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ORANGE SA                                                                 | ORANGE SA                                     | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |     75098 | NS      | $1218009.05   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                                            | BNP PARIBAS                                   | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     14924 | NS      | $1364817.96   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Essity Aktiebolag (publ)                                                  | ESSITY AKTIEBOLAG B                           | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |     36433 | NS      | $952792.16    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUATORIAL S.A.                                                           | EQUATORIAL ENERGIA SA ORD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     85100 | NS      | $590872.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco S.A.                                                       | BANCO BRADESCO SA                             | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |    267400 | NS      | $888871.23    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| KLEPIERRE SA                                                              | KLEPIERRE SA                                  | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |     21423 | NS      | $836245.86    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                     | INVESCO GVT & AGNCY-INST                      | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    376245 | NS      | $376245.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CTBC Financial Holding Co., Ltd.                                          | CTBC FINANCIAL HOLDING CO LTD                 | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |    552000 | NS      | $778751.52    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Group Holdings, Ltd.                                                | ASAHI BREWERIES LTD                           | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |     60500 | NS      | $725403.61    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| ORIX CORPORATION                                                          | ORIX CORP                                     | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |     34900 | NS      | $916077.59    | 0.37%             |  |  |  | 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        |    283154 | NS      | $893384.27    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Wiwynn Corporation                                                        | WIWYNN CORP                                   | CUSIP: Y9673D101<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     11000 | NS      | $1205678.82   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| BIOMERIEUX SA                                                             | BIOMERIEUX                                    | CUSIP: N/A<br>LEI: 549300AK8Y0LBIQ4T071       | Long             | EC               | CORP              | FR        |      7330 | NS      | $983696.76    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                                              | NUTRIEN LTD                                   | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     14508 | NS      | $852129.96    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC                                                              | UNILEVER PLC                                  | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     36849 | NS      | $2177770.26   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                                  | ROLLS ROYCE HOLDINGS PLC                      | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    167654 | NS      | $2694512.43   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| KONAMI GROUP CORPORATION                                                  | KONAMI GROUP CORP                             | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |     11100 | NS      | $1601470.17   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                                                | MSILF GOVERNMENT-INST                         | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    376245 | NS      | $376245.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAMBLES LIMITED                                                          | BRAMBLES LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     61765 | NS      | $1013109.33   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| KUNLUN ENERGY COMPANY LIMITED                                             | KUNLUN ENERGY CO LTD                          | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |    610000 | NS      | $544854.45    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                                           | ASTRAZENECA PLC                               | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     16950 | NS      | $2596372.75   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Amrize AG                                                                 | AMRIZE LTD                                    | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |     19569 | NS      | $957022.35    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                   | ROYAL BANK OF CANADA                          | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     10160 | NS      | $1497678.19   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Bora Pharmaceuticals Co., LTD.                                            | BORA PHARMACEUTICALS CO LTD                   | CUSIP: N/A<br>LEI: 254900MK7O5C2UX1SY03       | Long             | EC               | CORP              | TW        |     30194 | NS      | $687999.46    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Technip Energies N.V.                                                     | TECHNIP ENERGIES NV                           | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | NL        |     27477 | NS      | $1296576.43   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP PUBLIC LIMITED COMPANY                              | BANK OF IRELAND GROUP PLC                     | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |     63245 | NS      | $1047035.21   | 0.43%             |  |  |  | No            |                  2 | 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        |     88690 | NS      | $868085.88    | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CELESTICA INC.                                                            | CELESTICA INC                                 | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      6132 | NS      | $1509181.49   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                                               | PANDORA A S                                   | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |      7591 | NS      | $992651.91    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| BIRKENSTOCK HOLDING PLC                                                   | BIRKENSTOCK HOLDING PLC                       | CUSIP: M2029K104<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |     15776 | NS      | $713864.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB                                                               | SWEDBANK AB A SHARES                          | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |     34400 | NS      | $1038895.34   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ABB Ltd                                                                   | ABB LIMITED                                   | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     32894 | NS      | $2380767.75   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                                           | NORSK HYDRO ASA                               | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    252407 | NS      | $1717014.10   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                                    | ISHARES CORE MSCI EMERGING                    | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             |  | RF                | US        |      8436 | NS      | $556101.12    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SANLAM LIMITED                                                            | SANLAM LTD                                    | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |    117891 | NS      | $570891.65    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                                                | ALLIANZ SE                                    | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      2554 | NS      | $1074400.25   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Zurich Insurance Group AG                                                 | ZURICH INSURANCE GROUP AG                     | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      2636 | NS      | $1884522.90   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| FINNING INTERNATIONAL INC.                                                | FINNING INTERNATIONAL INC                     | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |     21355 | NS      | $992167.27    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                                              | COMPAGNIE DE SAINT GOBAIN                     | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      9508 | NS      | $1030076.44   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corporation                                                    | SONY GROUP CORP                               | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     82900 | NS      | $2383343.34   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| AXA SA                                                                    | AXA SA                                        | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     19521 | NS      | $936011.65    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| ZIJIN MINING GROUP RTS                                                    | ZIJIN MINING GROUP RTS                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | CN        |      1046 | NS      | $6574.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                                                        | HARBOUR ENERGY PLC                            | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |    266291 | NS      | $746034.51    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                                          | ROCHE HOLDING AG                              | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      3549 | NS      | $1181981.05   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc.                                                 | HANA FINANCIAL GROUP INC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     26094 | NS      | $1622681.68   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| SINGAPORE TECHNOLOGIES ENGINEERING LTD                                    | SINGAPORE TECHNOLOGIES ENGINEERING LTD        | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |    167200 | NS      | $1116785.60   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                                           | KONINKLIJKE AHOLD DELHAIZE NV                 | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     28089 | NS      | $1136462.93   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| OBEROI REALTY LIMITED                                                     | OBEROI REALTY LTD                             | CUSIP: N/A<br>LEI: 335800TCKG1XQXN51L44       | Long             | EC               | CORP              | IN        |     25098 | NS      | $447241.38    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ARISTOCRAT LEISURE LIMITED                                                | ARISTOCRAT LEISURE LTD                        | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |     21747 | NS      | $1006436.54   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Repsol S.A.                                                               | REPSOL SA                                     | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     60887 | NS      | $1082569.35   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| International Consolidated Airlines Group, S.A.                           | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA  | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |    152075 | NS      | $791941.73    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Headwater Exploration Inc.                                                | HEADWATER EXPLORATION INC                     | CUSIP: 422096107<br>LEI: 549300XIU4JQ0GKLRG88 | Long             | EC               | CORP              | CA        |    126734 | NS      | $683990.18    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| INFORMA PLC                                                               | INFORMA PLC                                   | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |     79004 | NS      | $978421.36    | 0.40%             |  |  |  | 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        |     30957 | NS      | $591896.90    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPGEMINI SE                                                              | CAPGEMINI SA                                  | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |      5510 | NS      | $803682.74    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Central Japan Railway Company                                             | CENTRAL JAPAN RAILWAY CO                      | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | EC               | CORP              | JP        |     44700 | NS      | $1281662.77   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co., Ltd.                                                      | SHIONOGI CO LTD                               | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     63700 | NS      | $1122498.42   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| ARKEMA SA                                                                 | ARKEMA SA                                     | CUSIP: N/A<br>LEI: 9695000EHMS84KKP2785       | Long             | EC               | CORP              | FR        |       624 | NS      | $39561.62     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCA MEDIOLANUM SPA                                                      | BANCA MEDIOLANUM SPA                          | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |     43852 | NS      | $880646.23    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corporation                                                        | ITOCHU CORPORATION                            | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     34700 | NS      | $1974573.44   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE                                   | CANADIAN IMPERIAL BANK OF COMM                | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     18955 | NS      | $1514901.58   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| SCHNEIDER ELECTRIC SE                                                     | SCHNEIDER ELECTRIC SA                         | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      8263 | NS      | $2325510.58   | 0.94%             |  |  |  | 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        |    455192 | NS      | $1180583.17   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer