# EDGAR Filing Document

**Accession Number:** 0001529390
**File Stem:** 0000894189-25-010484
**Filing Date:** 2025-9
**Character Count:** 54451
**Document Hash:** c8ce022c848812b137065b90232a9cc1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-010484.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0000894189-25-010484

**CONFORMED SUBMISSION TYPE**: NT NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cambria ETF Trust
- **CENTRAL INDEX KEY:** 0001529390

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NT NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22704
- **FILM NUMBER:** 251360912

**BUSINESS ADDRESS:**
- **STREET 1:** 3300 HIGHLAND AVE
- **CITY:** MANHATTAN BEACH
- **STATE:** CA
- **ZIP:** 90266
- **BUSINESS PHONE:** 310-606-5555

**MAIL ADDRESS:**
- **STREET 1:** 3300 HIGHLAND AVE
- **CITY:** MANHATTAN BEACH
- **STATE:** CA
- **ZIP:** 90266

## Series and Classes Contracts Data

### Cambria Global Value ETF (Series ID: S000043317)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000134056 | Cambria Global Value ETF | GVAL            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Cambria Global Value ETF** | **Cambria Global Value ETF** | **Cambria Global Value ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 93.8%** | **Shares** | **Value**  |
| **Austria - 7.9%** | **Austria - 7.9%** | |
| ANDRITZ AG | 32154 | $2247518 |
| AT&S Austria Technologie & Systemtechnik AG <sup>(a)</sup> | 119424 | 2417727 |
| BAWAG Group AG <sup>(b)</sup> | 19786 | 2501842 |
| Erste Group Bank AG | 28431 | 2613483 |
| OMV AG | 43068 | 2195988 |
| Raiffeisen Bank International AG | 77061 | 2237246 |
| Verbund AG - Class A | 31208 | 2327414 |
| voestalpine AG | 83045 | 2295354 |
| Wienerberger AG | 59646 | 2009369 |
|  |  | 20845941 |
| **Brazil - 5.0%** | **Brazil - 5.0%** |  |
| Banco Santander Brasil SA | 423362 | 1989961 |
| Centrais Eletricas Brasileiras SA | 291988 | 1963256 |
| JBS NV <sup>(a)</sup> | 152086 | 2077763 |
| Telefonica Brasil SA | 452279 | 2545082 |
| TIM SA | 658436 | 2425826 |
| Vale SA | 231002 | 2198408 |
|  |  | 13200296 |
| **Chile - 7.9%** | **Chile - 7.9%** |  |
| Banco Itau Chile SA | 159987 | 2114057 |
| Banco Santander Chile | 36695717 | 2119622 |
| CAP SA <sup>(a)</sup> | 429894 | 2046462 |
| Cencosud SA | 647316 | 1950048 |
| Cia Sud Americana de Vapores SA | 37497524 | 1894905 |
| Colbun SA | 13827072 | 2046886 |
| Empresas CMPC SA | 1425941 | 2008700 |
| Empresas Copec SA | 321068 | 2125576 |
| Enel Americas SA | 22859424 | 2279808 |
| Quinenco SA | 567468 | 2187874 |
|  |  | 20773938 |
| **Colombia - 8.5%** | **Colombia - 8.5%** |  |
| Celsia SA | 2270653 | 2549626 |
| Cementos Argos SA | 869497 | 2268394 |
| Ecopetrol SA | 5239990 | 2203286 |
| Grupo Argos SA | 607586 | 2467653 |
| Grupo Cibest SA | 184086 | 2374883 |
| Grupo de Inversiones Suramericana SA | 338755 | 3649973 |
| Grupo Energia Bogota SA ESP | 3211035 | 2266889 |
| Interconexion Electrica SA ESP | 431655 | 2165628 |
| Mineros SA | 1382125 | 2496301 |
|  |  | 22442633 |
| **Czech Republic - 9.0%** | **Czech Republic - 9.0%** |  |
| CEZ AS | 94232 | 5468647 |
| Komercni Banka AS | 132344 | 6322532 |
| Moneta Money Bank AS <sup>(b)</sup> | 1161141 | 8097041 |
| Philip Morris CR AS | 4675 | 3772270 |
|  |  | 23660490 |
| **Greece - 0.0%<sup>(c)</sup>** | **Greece - 0.0%<sup>(c)</sup>** |  |
| FF Group <sup>(a)(d)</sup> | 25214 | 0 |
| **Hong Kong - 9.4%** | **Hong Kong - 9.4%** |  |
| BOC Hong Kong Holdings Ltd. | 538565 | 2421827 |
| China Overseas Land & Investment Ltd. | 1298947 | 2250405 |
| China Resources Land Ltd. | 673965 | 2476929 |
| CK Asset Holdings Ltd. | 536911 | 2465687 |
| CK Hutchison Holdings Ltd. | 394878 | 2585571 |
| Geely Automobile Holdings Ltd. | 947073 | 2133026 |
| Sino Land Co. Ltd. | 2147048 | 2475259 |
| Swire Pacific Ltd. - Class A | 253460 | 2294055 |
| Swire Properties Ltd. | 1029078 | 2766057 |
| Wharf Real Estate Investment Co. Ltd. | 907261 | 2883587 |
|  |  | 24752403 |
| **Poland - 9.2%** | **Poland - 9.2%** |  |
| Alior Bank SA | 79752 | 2154712 |
| Allegro.eu SA <sup>(a)(b)</sup> | 246534 | 2435046 |
| Asseco Poland SA | 49757 | 2692618 |
| KGHM Polska Miedz SA <sup>(a)</sup> | 66392 | 2264119 |
| Orange Polska SA | 884661 | 2065086 |
| ORLEN SA | 120094 | 2680969 |
| PGE Polska Grupa Energetyczna SA <sup>(a)</sup> | 906114 | 2928057 |
| Powszechny Zaklad Ubezpieczen SA | 137280 | 2308544 |
| Tauron Polska Energia SA <sup>(a)</sup> | 1210799 | 2693931 |
| XTB SA <sup>(b)</sup> | 95315 | 1909072 |
|  |  | 24132154 |
| **Russia - 0.0%<sup>(c)</sup>** | **Russia - 0.0%<sup>(c)</sup>** |  |
| Alrosa PJSC <sup>(d)</sup> | 1262976 | 0<br> <sup>(e)</sup>  |
| Gazprom Neft PJSC <sup>(d)</sup> | 334880 | 0 |
| Gazprom PJSC <sup>(a)(d)</sup> | 373048 | 0 |
| Rosneft Oil Co. PJSC <sup>(d)</sup> | 198016 | 0 |
| Sberbank of Russia PJSC <sup>(d)</sup> | 287609 | 0 |
| Severstal PAO <sup>(d)</sup> | 82992 | 0 |
| Unipro PAO <sup>(a)(d)</sup> | 22421984 | 0<br> <sup>(e)</sup>  |
|  |  | 0<br> <sup>(e)</sup>  |
| **Singapore - 10.2%** | **Singapore - 10.2%** |  |
| CapitaLand Investment Ltd. | 1165144 | 2494686 |
| Genting Singapore Ltd. | 3994178 | 2261030 |
| Jardine Cycle & Carriage Ltd. | 114259 | 2318796 |
| Oversea-Chinese Banking Corp. Ltd. | 179245 | 2328915 |
| Seatrium Ltd. | 1415517 | 2474756 |
| Sembcorp Industries Ltd. | 448295 | 2679274 |
| Singapore Airlines Ltd. | 433957 | 2272726 |
| Singapore Telecommunications Ltd. | 794878 | 2375329 |
| United Overseas Bank Ltd. | 82264 | 2292925 |
| UOL Group Ltd. | 514889 | 2728309 |
| Venture Corp. Ltd. | 264662 | 2633574 |
|  |  | 26860320 |
| **South Africa - 0.1%** | **South Africa - 0.1%** |  |
| Valterra Platinum Ltd. <sup>(a)</sup> | 7787 | 347597 |
| **Thailand - 9.0%** | **Thailand - 9.0%** |  |
| Bangkok Bank PCL - NVDR | 526007 | 2382161 |
| Central Pattana PCL - NVDR | 1501203 | 2400179 |
| Central Retail Corp. PCL - NVDR | 3611071 | 2375705 |
| Charoen Pokphand Foods PCL - NVDR | 2902290 | 2024854 |
| Global Power Synergy PCL - NVDR | 2204575 | 2259892 |
| Kasikornbank PCL - NVDR | 460344 | 2281999 |
| Krung Thai Bank PCL - NVDR | 3355648 | 2259004 |
| Minor International PCL - NVDR | 2990401 | 2287638 |
| PTT Exploration & Production PCL - NVDR | 732185 | 2822990 |
| PTT PCL - NVDR | 2435491 | 2477970 |
|  |  | 23572392 |
| **Turkey - 9.4%** | **Turkey - 9.4%** |  |
| BIM Birlesik Magazalar AS | 177751 | 2322884 |
| Haci Omer Sabanci Holding AS | 1117504 | 2624822 |
| Iskenderun Demir ve Celik AS | 2462328 | 2330416 |
| Pegasus Hava Tasimaciligi AS <sup>(a)</sup> | 352002 | 2185123 |
| Turk Hava Yollari AO | 289003 | 2050336 |
| Turkcell Iletisim Hizmetleri AS | 919107 | 2111276 |
| Turkiye Garanti Bankasi AS | 802219 | 2821963 |
| Turkiye Is Bankasi AS - Class C | 8081207 | 2950221 |
| Turkiye Petrol Rafinerileri AS | 650914 | 2708217 |
| Turkiye Sigorta AS | 10173937 | 2478651 |
|  |  | 24583909 |
| **United Kingdom - 8.2%** | **United Kingdom - 8.2%** |  |
| Anglo American PLC | 67239 | 1907414 |
| Aviva PLC - Class B <sup>(a)</sup> | 297518 | 2548470 |
| Barclays PLC | 539199 | 2644012 |
| BP PLC | 446342 | 2385855 |
| Legal & General Group PLC | 714530 | 2423287 |
| Lloyds Banking Group PLC | 2327647 | 2391587 |
| Rio Tinto PLC | 36341 | 2161406 |
| Shell PLC | 67702 | 2423932 |
| Vodafone Group PLC | 2481829 | 2688320 |
|  |  | 21574283 |
| **TOTAL COMMON STOCKS** (Cost $232,023,094) | **TOTAL COMMON STOCKS** (Cost $232,023,094) | 246746356 |
| **PREFERRED STOCKS - 3.4%** |  |  |
| **Brazil - 2.6%** | **Brazil - 2.6%** |  |
|  Gerdau SA, 0.00% | 814417 | 2444902 |
|  Itau Unibanco Holding SA, 0.00% | 344098 | 2149556 |
|  Petroleo Brasileiro SA - Petrobras, 0.00% | 399438 | 2321920 |
|  |  | 6916378 |
| **Colombia - 0.8%** | **Colombia - 0.8%** |  |
|  Banco Davivienda SA, 0.00% <sup>(a)</sup> | 403061 | 2116539 |
| **TOTAL PREFERRED STOCKS** (Cost $8,883,499) | **TOTAL PREFERRED STOCKS** (Cost $8,883,499) | 9032917 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 0.9%** |  |  |
| **United Kingdom - 0.9%** | **United Kingdom - 0.9%** |  |
| Segro PLC | 263649 | 2254178 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $2,650,760) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $2,650,760) | 2254178 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.5%** |  |  |
| First American Treasury Obligations Fund - Class X, 4.24%<sup>(f)</sup> | 3897853 | 3897853 |
| **TOTAL MONEY MARKET FUNDS** (Cost $3,897,853) | **TOTAL MONEY MARKET FUNDS** (Cost $3,897,853) | 3897853 |
| **TOTAL INVESTMENTS - 99.6% (**Cost $247,455,206**)** | **TOTAL INVESTMENTS - 99.6% (**Cost $247,455,206**)** | 261931304 |
| Other Assets in Excess of Liabilities - 0.4% | Other Assets in Excess of Liabilities - 0.4% | 1027651 |
| **TOTAL NET ASSETS - 100.0%** |  | $262958955 |
| two | two | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets.<br> AG – Aktiengesellschaft<br> AS – Aksjeselskap | Percentages are stated as a percent of net assets.<br> AG – Aktiengesellschaft<br> AS – Aksjeselskap | –% |

---

---

| |
|:---|
| NVDR - Non-Voting Depositary Receipt<br> PAO – Russian Public Stock Company |
| PCL - Public Company Limited |
| PJSC - Public Joint Stock Company |
| PLC - Public Limited Company<br> SA – Sociedad Anónima |

---

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of July 31, 2025, the value of these securities total $14,943,001 or 5.7% of the Fund's net assets.

(c) Represents less than 0.05% of net assets.

(d) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $0 or 0.0% of net assets as of July 31, 2025.

(e) Rounds to zero.

(f) The rate shown represents the 7-day annualized effective yield as of July 31, 2025.

------

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Cambria Global Value ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $246746356 | $– | $– | $246746356 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 9032917 | – | – | 9032917 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 2254178 | – | – | 2254178 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 3897853 | – | – | 3897853 |
| Total Investments | $261931304 | $– | $– | $261931304 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

---

| |
|:---|
| **Sector Classification as of July 31, 2025** |
| (% of Total Investments) |

---

---

| | | |
|:---|:---|:---|
| Financials | $79508907 | 30.8%<sup>(a)</sup> |
| Utilities | 31629308 | 12.3 |
| Materials | 29246495 | 11.3 |
| Real Estate | 25195276 | 9.8 |
| Industrials | 22511660 | 8.7 |
| Energy | 22221127 | 8.6 |
| Communication Services | 14210919 | 5.5 |
| Consumer Discretionary | 13618021 | 5.3 |
| Consumer Staples | 12147819 | 4.7 |
| Information Technology | 7743919 | 3.0 |
| **Total Investments** | $**258033451** | 100.0<br>**%** |

---

Percentages are stated as a percent of total investments, excluding short-term investments.

(a) To the extent that the Fund invests a significant portion of its assets in securities of companies of a single sector, it is more likely to be impacted by events or conditions affecting the sector. <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Cambria ETF Trust

- **b. Investment Company Act file number:** 811-22704

- **c. CIK number of Registrant:** 0001529390

- **d. LEI of Registrant:** 254900RHN8DQYNXKZQ96

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

  - **Street Address 1:** 3300 HIGHLAND AVENUE

  - **City:** MANHATTAN BEACH

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90266

  - **Telephone number:** 310-606-5555

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

- **a. Name of Series:** Cambria Global Value ETF

- **b. EDGAR series identifier (if any):** S000043317

- **c. LEI of Series:** 5493006AUU1LFJ2HTM65

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $264055843.20

**Total Liabilities:** $1098363.29

**Net Assets:** $262957479.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000134056 | 3.13%                | 4.85%                | 1.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8283608.06              | $-3781606.42                               |
| Month 2  | $-220980.26              | $8985293.78                                |
| Month 3  | $-6705.44                | $2917287.55                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Rio Tinto PLC                  | Rio Tinto PLC                               | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     36341 | NS      | $2161406.41   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC       | Lloyds Banking Group PLC                    | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   2327647 | NS      | $2391586.59   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                        | Vale SA                                     | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    231002 | NS      | $2198408.19   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Interconexion Electrica SA ESP | Interconexion Electrica SA ESP              | CUSIP: N/A<br>LEI: 5493007GMWK7ZHVQ5362       | Long             | EC               | CORP              | CO        |    431655 | NS      | $2165627.82   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Mineros SA                     | Mineros SA                                  | CUSIP: N/A<br>LEI: 549300991PEKFIGLDE07       | Long             | EC               | CORP              | CO        |   1382125 | NS      | $2496300.53   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROBRAS                      | Petroleo Brasileiro SA - Petrobras          | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |    399438 | NS      | $2321919.96   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Quinenco SA                    | Quinenco SA                                 | CUSIP: N/A<br>LEI: 2549000T5LJBJNWU8390       | Long             | EC               | CORP              | CL        |    567468 | NS      | $2187874.13   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                         | OMV AG                                      | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |     43068 | NS      | $2195987.81   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                     | Verbund AG                                  | CUSIP: N/A<br>LEI: 5299006UDSEJCTTEJS30       | Long             | EC               | CORP              | AT        |     31208 | NS      | $2327413.70   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris CR AS            | Philip Morris CR AS                         | CUSIP: N/A<br>LEI: 315700LNPHNXCMNLQC73       | Long             | EC               | CORP              | CZ        |      4675 | NS      | $3772270.49   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| voestalpine AG                 | voestalpine AG                              | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               | CORP              | AT        |     83045 | NS      | $2295354.06   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange Polska SA               | Orange Polska SA                            | CUSIP: N/A<br>LEI: 259400TOMPUOLS65II22       | Long             | EC               | CORP              | PL        |    884661 | NS      | $2065086.37   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Wienerberger AG                | Wienerberger AG                             | CUSIP: N/A<br>LEI: 529900VXIFBHO0SW2I31       | Long             | EC               | CORP              | AT        |     59646 | NS      | $2009369.17   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ORLEN SA                       | ORLEN SA                                    | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |    120094 | NS      | $2680968.64   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Asseco Poland SA               | Asseco Poland SA                            | CUSIP: N/A<br>LEI: 259400O79EWIK4XZPL40       | Long             | EC               | CORP              | PL        |     49757 | NS      | $2692617.74   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jardine Cycle & Carriage Ltd   | Jardine Cycle & Carriage Ltd                | CUSIP: N/A<br>LEI: 254900WEP6OCEXFWML09       | Long             | EC               | CORP              | SG        |    114259 | NS      | $2318795.94   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Kasikornbank PCL               | Kasikornbank PCL                            | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    460344 | NS      | $2281999.02   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT PCL                        | PTT PCL                                     | CUSIP: N/A<br>LEI: 549300QOGMPTKB6W7G56       | Long             | EC               | CORP              | TH        |   2435491 | NS      | $2477970.49   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd       | United Overseas Bank Ltd                    | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     82264 | NS      | $2292925.26   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL Group Ltd                  | UOL Group Ltd                               | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |    514889 | NS      | $2728308.93   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Corp Ltd               | Venture Corp Ltd                            | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               | CORP              | SG        |    264662 | NS      | $2633574.43   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Minor International PCL        | Minor International PCL                     | CUSIP: N/A<br>LEI: 254900T4WB2UF9XPX041       | Long             | EC               | CORP              | TH        |   2990401 | NS      | $2287638.46   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA       | Itau Unibanco Holding SA                    | CUSIP: P5968U113<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |    344098 | NS      | $2149556.31   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Sigorta AS             | Turkiye Sigorta AS                          | CUSIP: N/A<br>LEI: 789000O7DB1JKMXK2Q45       | Long             | EC               | CORP              | TR        |  10173937 | NS      | $2478651.47   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Garanti Bankasi AS     | Turkiye Garanti Bankasi AS                  | CUSIP: N/A<br>LEI: 5493002XSS7K7RHN1V37       | Long             | EC               | CORP              | TR        |    802219 | NS      | $2821962.77   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Is Bankasi AS          | Turkiye Is Bankasi AS                       | CUSIP: N/A<br>LEI: 789000FIRX9MDN0KTM91       | Long             | EC               | CORP              | TR        |   8081207 | NS      | $2950221.09   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkiye Petrol Rafinerileri AS | Turkiye Petrol Rafinerileri AS              | CUSIP: N/A<br>LEI: 789000RCNG97UV50EE03       | Long             | EC               | CORP              | TR        |    650914 | NS      | $2708216.57   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Haci Omer Sabanci Holding AS   | Haci Omer Sabanci Holding AS                | CUSIP: N/A<br>LEI: 78900090FFOWNLGP0F20       | Long             | EC               | CORP              | TR        |   1117504 | NS      | $2624822.33   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Raiffeisen Bank International  | Raiffeisen Bank International AG            | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |     77061 | NS      | $2237246.33   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp L | Oversea-Chinese Banking Corp Ltd            | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    179245 | NS      | $2328914.93   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT Exploration & Production P | PTT Exploration & Production PCL            | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    732185 | NS      | $2822989.90   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipro PAO                     | Unipro PAO                                  | CUSIP: N/A<br>LEI: 253400DR5QSH8MEGZZ11       | Long             | EC               | CORP              | RU        |  22421984 | NS      | $0.28         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AT&S Austria Technologie & Sys | AT&S Austria Technologie & Systemtechnik AG | CUSIP: N/A<br>LEI: 529900EVOKN4LCCD9321       | Long             | EC               | CORP              | AT        |    119424 | NS      | $2417727.14   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PGE Polska Grupa Energetyczna  | PGE Polska Grupa Energetyczna SA            | CUSIP: N/A<br>LEI: 259400MP9VXR0E69MJ89       | Long             | EC               | CORP              | PL        |    906114 | NS      | $2928057.14   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosneft Oil Co PJSC            | Rosneft Oil Co PJSC                         | CUSIP: N/A<br>LEI: 253400JT3MQWNDKMJE44       | Long             | EC               | CORP              | RU        |    198016 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| PZU                            | Powszechny Zaklad Ubezpieczen SA            | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    137280 | NS      | $2308544.41   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasus Hava Tasimaciligi AS   | Pegasus Hava Tasimaciligi AS                | CUSIP: N/A<br>LEI: 789000B1MW5PQ58A8T03       | Long             | EC               | CORP              | TR        |    352002 | NS      | $2185122.56   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Moneta Money Bank AS           | Moneta Money Bank AS                        | CUSIP: N/A<br>LEI: I6USJ58BDV2BO5KP3C31       | Long             | EC               | CORP              | CZ        |   1161141 | NS      | $8097040.89   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wharf Real Estate Investment C | Wharf Real Estate Investment Co Ltd         | CUSIP: N/A<br>LEI: 529900QLPKS8U9QOPB59       | Long             | EC               | CORP              | HK        |    907261 | NS      | $2883587.51   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                          | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |   2481829 | NS      | $2688320.32   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV                         | JBS NV                                      | CUSIP: N/A<br>LEI: 254900JSFON4WL81TW77       | Long             | EC               | CORP              | BR        |    152086 | NS      | $2077763.53   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC             | Anglo American PLC                          | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     67239 | NS      | $1907413.79   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd          | Valterra Platinum Ltd                       | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |      7787 | NS      | $347597.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Iskenderun Demir ve Celik AS   | Iskenderun Demir ve Celik AS                | CUSIP: N/A<br>LEI: 789000W8HVAZCXF6O806       | Long             | EC               | CORP              | TR        |   2462328 | NS      | $2330415.68   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| XTB SA                         | XTB SA                                      | CUSIP: N/A<br>LEI: 259400AVUPSABLEXNT19       | Long             | EC               | CORP              | PL        |     95315 | NS      | $1909072.30   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Chile          | Banco Santander Chile                       | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |  36695717 | NS      | $2119621.82   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                   | Barclays PLC                                | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |    539199 | NS      | $2644012.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CEZ AS                         | CEZ AS                                      | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94       | Long             | EC               | CORP              | CZ        |     94232 | NS      | $5468646.63   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS                 | China Overseas Land & Investment Ltd        | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |   1298947 | NS      | $2250404.99   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Land Ltd       | China Resources Land Ltd                    | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | HK        |    673965 | NS      | $2476928.69   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Bank PCL               | Bangkok Bank PCL                            | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |    526007 | NS      | $2382161.44   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Charoen Pokphand Foods PCL     | Charoen Pokphand Foods PCL                  | CUSIP: N/A<br>LEI: 529900FJ3AI2GKGIWK15       | Long             | EC               | CORP              | TH        |   2902290 | NS      | $2024853.49   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Co Ltd               | Sino Land Co Ltd                            | CUSIP: N/A<br>LEI: 529900G5P51053HJVZ92       | Long             | EC               | CORP              | HK        |   2147048 | NS      | $2475259.16   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Airlines Ltd         | Singapore Airlines Ltd                      | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |    433957 | NS      | $2272726.12   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Pacific Ltd              | Swire Pacific Ltd                           | CUSIP: N/A<br>LEI: 549300KZOZHII0DGF611       | Long             | EC               | CORP              | HK        |    253460 | NS      | $2294055.16   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SingTel                        | Singapore Telecommunications Ltd            | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    794878 | NS      | $2375328.59   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Hava Yollari AO           | Turk Hava Yollari AO                        | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |    289003 | NS      | $2050335.67   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Davivienda SA            | Banco Davivienda SA                         | CUSIP: P0918Z130<br>LEI: 549300P161V4IPKAQS70 | Long             | EP               | CORP              | CO        |    403061 | NS      | $2116538.72   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Brasil SA      | Banco Santander Brasil SA                   | CUSIP: N/A<br>LEI: 549300D1H731B30TSI43       | Long             | EC               | CORP              | BR        |    423362 | NS      | $1989961.31   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal PAO                  | Severstal PAO                               | CUSIP: N/A<br>LEI: 213800OKDPTV6K4ONO53       | Long             | EC               | CORP              | RU        |     82992 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Tauron Polska Energia SA       | Tauron Polska Energia SA                    | CUSIP: N/A<br>LEI: 259400NAPDFBOTNCRL54       | Long             | EC               | CORP              | PL        |   1210799 | NS      | $2693931.25   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Properties Ltd           | Swire Properties Ltd                        | CUSIP: N/A<br>LEI: 5299001L12PHYVQ92465       | Long             | EC               | CORP              | HK        |   1029078 | NS      | $2766056.79   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA           | Telefonica Brasil SA                        | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    452279 | NS      | $2545081.53   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Itau Chile SA            | Banco Itau Chile SA                         | CUSIP: N/A<br>LEI: 549300DDPTTIZ06NIV06       | Long             | EC               | CORP              | CL        |    159987 | NS      | $2114056.94   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                  | TIM SA/Brazil                               | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |    658436 | NS      | $2425826.13   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                      | Shell PLC                                   | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     67702 | NS      | $2423931.88   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC                      | Aviva PLC                                   | CUSIP: G0683Q158<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    297518 | NS      | $2548470.35   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                 | BAWAG Group AG                              | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |     19786 | NS      | $2501841.67   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                         | BP PLC                                      | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    446342 | NS      | $2385854.79   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CAP SA                         | CAP SA                                      | CUSIP: N/A<br>LEI: 54930079GPG23NTBB003       | Long             | EC               | CORP              | CL        |    429894 | NS      | $2046461.81   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia PJSC        | Sberbank of Russia PJSC                     | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    287609 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BOC Hong Kong Holdings Ltd     | BOC Hong Kong Holdings Ltd                  | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    538565 | NS      | $2421827.32   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Sembcorp Industries Ltd        | Sembcorp Industries Ltd                     | CUSIP: N/A<br>LEI: 254900J0FF14U6TPQM96       | Long             | EC               | CORP              | SG        |    448295 | NS      | $2679273.88   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM Birlesik Magazalar AS      | BIM Birlesik Magazalar AS                   | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    177751 | NS      | $2322884.25   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                      | Segro PLC                                   | CUSIP: N/A<br>LEI: 213800XC35KGM9NFC641       | Long             | EC               | CORP              | GB        |    263649 | NS      | $2254178.06   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Seatrium Ltd                   | Seatrium Ltd                                | CUSIP: N/A<br>LEI: 254900MQNHWMN6X1NV39       | Long             | EC               | CORP              | SG        |   1415517 | NS      | $2474756.31   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Legal & General Group PLC      | Legal & General Group PLC                   | CUSIP: N/A<br>LEI: 213800JH9QQWHLO99821       | Long             | EC               | CORP              | GB        |    714530 | NS      | $2423287.16   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresas CMPC SA               | Empresas CMPC SA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CL        |   1425941 | NS      | $2008700.06   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Empresas Copec SA              | Empresas Copec SA                           | CUSIP: N/A<br>LEI: 549300Q3IDJYG6Z7PA50       | Long             | EC               | CORP              | CL        |    321068 | NS      | $2125576.39   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Sud Americana de Vapores S | Cia Sud Americana de Vapores SA             | CUSIP: P3064M101<br>LEI: 549300F26ZOE5LM26551 | Long             | EC               | CORP              | CL        |  37497524 | NS      | $1894904.75   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Americas SA               | Enel Americas SA                            | CUSIP: N/A<br>LEI: 549300LKH11TFCJLZK20       | Long             | EC               | CORP              | CL        |  22859424 | NS      | $2279808.07   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Colbun SA                      | Colbun SA                                   | CUSIP: N/A<br>LEI: 5493003VQJLE2QB8IF36       | Long             | EC               | CORP              | CL        |  13827072 | NS      | $2046886.04   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Eletrobras SA                  | Centrais Eletricas Brasileiras SA           | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |    291988 | NS      | $1963255.65   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                      | Gerdau SA                                   | CUSIP: P2867P113<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |    814417 | NS      | $2444901.78   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund    | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   4600942 | NS      | $4600941.82   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Komercni Banka AS              | Komercni Banka AS                           | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840       | Long             | EC               | CORP              | CZ        |    132344 | NS      | $6322532.50   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| KGHM Polska Miedz SA           | KGHM Polska Miedz SA                        | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     66392 | NS      | $2264118.58   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG            | Erste Group Bank AG                         | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |     28431 | NS      | $2613483.34   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Krung Thai Bank PCL            | Krung Thai Bank PCL                         | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |   3355648 | NS      | $2259004.16   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Geely Automobile Holdings Ltd  | Geely Automobile Holdings Ltd               | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | HK        |    947073 | NS      | $2133025.56   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencosud SA                    | Cencosud SA                                 | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |    647316 | NS      | $1950047.69   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pattana PCL            | Central Pattana PCL                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1501203 | NS      | $2400179.22   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A | Turkcell Iletisim Hizmetleri AS             | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |    919107 | NS      | $2111276.16   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                     | ANDRITZ AG                                  | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               | CORP              | AT        |     32154 | NS      | $2247517.89   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopetrol SA                   | Ecopetrol SA                                | CUSIP: N/A<br>LEI: 254900IDGKCJICKBPA66       | Long             | EC               | CORP              | CO        |   5239990 | NS      | $2203286.01   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Energia Bogota SA ESP    | Grupo Energia Bogota SA ESP                 | CUSIP: N/A<br>LEI: 529900LG618OWYVHI655       | Long             | EC               | CORP              | CO        |   3211035 | NS      | $2266889.11   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Gazprom Neft PJSC              | Gazprom Neft PJSC                           | CUSIP: N/A<br>LEI: 253400KXA9P2AN72P004       | Long             | EC               | CORP              | RU        |    334880 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Gazprom PJSC                   | Gazprom PJSC                                | CUSIP: N/A<br>LEI: 213800FD9J2IHTA7YX78       | Long             | EC               | CORP              | RU        |    373048 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FF Group                       | FF Group                                    | CUSIP: N/A<br>LEI: 213800ZMDLVEKZIKFX90       | Long             | EC               | CORP              | GR        |     25214 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Alrosa PJSC                    | Alrosa PJSC                                 | CUSIP: N/A<br>LEI: 894500DKUWVBYZLLE651       | Long             | EC               | CORP              | RU        |   1262976 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cementos Argos SA              | Cementos Argos SA                           | CUSIP: N/A<br>LEI: 549300H7BB3SSJRSL735       | Long             | EC               | CORP              | CO        |    869497 | NS      | $2268393.94   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Argos SA/Colombia        | Grupo Argos SA/Colombia                     | CUSIP: N/A<br>LEI: 254900HANAO95XIAE681       | Long             | EC               | CORP              | CO        |    607586 | NS      | $2467653.41   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alior Bank SA                  | Alior Bank SA                               | CUSIP: N/A<br>LEI: 259400QHDOZWMJ103294       | Long             | EC               | CORP              | PL        |     79752 | NS      | $2154711.75   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Genting Singapore Ltd          | Genting Singapore Ltd                       | CUSIP: N/A<br>LEI: 254900Y2N3AK93K1O866       | Long             | EC               | CORP              | SG        |   3994178 | NS      | $2261029.60   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsia SA                      | Celsia SA                                   | CUSIP: N/A<br>LEI: 549300YM8WFI4B0WXJ72       | Long             | EC               | CORP              | CO        |   2270653 | NS      | $2549625.42   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Retail Corp PCL        | Central Retail Corp PCL                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   3611071 | NS      | $2375704.61   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro.eu SA                  | Allegro.eu SA                               | CUSIP: N/A<br>LEI: 222100VRLXV3FPMG4982       | Long             | EC               | CORP              | PL        |    246534 | NS      | $2435045.83   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo de Inversiones Surameric | Grupo de Inversiones Suramericana SA        | CUSIP: N/A<br>LEI: 549300AC1Q176TZL0305       | Long             | EC               | CORP              | CO        |    338755 | NS      | $3649973.08   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Investment Ltd/Sing | CapitaLand Investment Ltd/Singapore         | CUSIP: Y1091P105<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |   1165144 | NS      | $2494686.01   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                | Grupo Cibest SA                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CO        |    184086 | NS      | $2374883.29   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holdings Ltd      | CK Hutchison Holdings Ltd                   | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | HK        |    394878 | NS      | $2585570.60   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Power Synergy PCL       | Global Power Synergy PCL                    | CUSIP: N/A<br>LEI: 2549009TMPQXKDVDN395       | Long             | EC               | CORP              | TH        |   2204575 | NS      | $2259891.75   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd          | CK Asset Holdings Ltd                       | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |    536911 | NS      | $2465686.82   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Cambria ETF Trust

**Signature:** /s/ Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Treasurer