# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0001145549-23-005671
**Filing Date:** 2023-2
**Character Count:** 106693
**Document Hash:** 85925c82e0dd09d5422565168914d1a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-005671.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001145549-23-005671

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 23597814

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704

## Series and Classes Contracts Data

### Hotchkis and Wiley International Small Cap Diversified Value Fund (Series ID: S000068938)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000220293 | Class Z      |  |
| C000220294 | Class I      | HWTIX           |
| C000220295 | Class A      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** HOTCHKIS & WILEY FUNDS /DE/

- **b. Investment Company Act file number:** 811-10487

- **c. CIK number of Registrant:** 0001145022

- **d. LEI of Registrant:** 549300DFU8YF1PWZ5A57

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

  - **Street Address 1:** 601 South Figueroa Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90017-5704

  - **Telephone number:** 213-430-1000

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

- **a. Name of Series:** Hotchkis & Wiley International Small Cap Diversified Value Fund

- **b. EDGAR series identifier (if any):** S000068938

- **c. LEI of Series:** 254900IBT3RH68911C65

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

- **a. Date of fiscal year-end:** 2023-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $6088874.83

**Total Liabilities:** $64056.96

**Net Assets:** $6024817.87

**Cash Not Reported:** $709.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220294 | 6.00%                | 12.22%               | -0.30%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-216496.43              | $531070.53                                 |
| Month 2  | $90.70                   | $664615.77                                 |
| Month 3  | $-30532.12               | $7497.29                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tullow Oil PLC                  | Tullow Oil PLC                                                         | CUSIP: N/A<br>LEI: 2138003EYHWO75RKS857       | Long             | EC               | CORP              | GB        |     62800 | NS      | $28099.42     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Greencore Group PLC             | Greencore Group PLC                                                    | CUSIP: N/A<br>LEI: 635400GGBEWULJXM5868       | Long             | EC               | CORP              | IE        |     14200 | NS      | $11012.74     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Uponor Oyj                      | Uponor Oyj                                                             | CUSIP: X9518X107<br>LEI: 743700KA2GMSYJM3CM12 | Long             | EC               | CORP              | FI        |       800 | NS      | $14227.06     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Ordina NV                       | Ordina NV                                                              | CUSIP: N/A<br>LEI: 724500MMGD8ICL21IZ39       | Long             | EC               | CORP              | NL        |      4400 | NS      | $18289.94     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| JDC Corp                        | JDC Corp                                                               | CUSIP: N/A<br>LEI: 353800X8ONA1ZPGOL850       | Long             | EC               | CORP              | JP        |      4000 | NS      | $17372.60     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| AURELIUS Equity Opportunities   | AURELIUS Equity Opportunities SE & Co KGaA                             | CUSIP: D0R9AT103<br>LEI: 3912001SWR0QKOSUHR50 | Long             | EC               | CORP              | DE        |      1300 | NS      | $25346.98     | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Evertz Technologies Ltd         | Evertz Technologies Ltd                                                | CUSIP: 30041N107<br>LEI: 254900ASG60X9475O884 | Long             | EC               | CORP              | CA        |      2000 | NS      | $18862.63     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Protector Forsikring ASA        | Protector Forsikring ASA                                               | CUSIP: N/A<br>LEI: 5967007LIEEXZXAIO813       | Long             | EC               | CORP              | NO        |      1400 | NS      | $17914.87     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Target Healthcare REIT PLC      | Target Healthcare REIT PLC                                             | CUSIP: N/A<br>LEI: 213800RXPY9WULUSBC04       | Long             | EC               | CORP              | GB        |     12000 | NS      | $11634.99     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hito Communications Holdings I  | Hito Communications Holdings Inc                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1500 | NS      | $17189.72     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Newlat Food SpA                 | Newlat Food SpA                                                        | CUSIP: N/A<br>LEI: 815600511D7D0F6A5955       | Long             | EC               | CORP              | IT        |      1900 | NS      | $8845.95      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinnihonseiyaku Co Ltd         | Shinnihonseiyaku Co Ltd                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1100 | NS      | $11505.08     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SG Fleet Group Ltd              | SG Fleet Group Ltd                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      8700 | NS      | $10781.57     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                         | ISS A/S                                                                | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |       900 | NS      | $19049.72     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Collector Bank AB               | Collector Bank AB                                                      | CUSIP: N/A<br>LEI: 529900AGWAKUTYNETM62       | Long             | EC               | CORP              | SE        |     11200 | NS      | $41200.90     | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Iveco Group NV                  | Iveco Group NV                                                         | CUSIP: N/A<br>LEI: 549300ZWF2ZJDD9EOR96       | Long             | EC               | CORP              | IT        |      5100 | NS      | $30345.44     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Cementir Holding NV             | Cementir Holding NV                                                    | CUSIP: N/A<br>LEI: 8156008B101B97A43B02       | Long             | EC               | CORP              | IT        |      4800 | NS      | $31531.01     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Catalana Occidente SA     | Grupo Catalana Occidente SA                                            | CUSIP: N/A<br>LEI: 959800H2P9S8MS95DT42       | Long             | EC               | CORP              | ES        |      1000 | NS      | $31597.12     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Canfor Corp                     | Canfor Corp                                                            | CUSIP: 137576104<br>LEI: 549300DRE7WBHY02BD70 | Long             | EC               | CORP              | CA        |       700 | NS      | $11016.99     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovatec SpA                   | Innovatec SpA                                                          | CUSIP: N/A<br>LEI: 815600891E138A658644       | Long             | EC               | CORP              | IT        |      6300 | NS      | $11334.04     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Silverlake Axis Ltd             | Silverlake Axis Ltd                                                    | CUSIP: Y793FH109<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    117500 | NS      | $31617.10     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Aozora Bank Ltd                 | Aozora Bank Ltd                                                        | CUSIP: N/A<br>LEI: X0XUGKC9FD2CYUQNC010       | Long             | EC               | CORP              | JP        |       900 | NS      | $17689.19     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Vertu Motors PLC                | Vertu Motors PLC                                                       | CUSIP: N/A<br>LEI: 213800GIKJEIUIGMI575       | Long             | EC               | CORP              | GB        |     22900 | NS      | $14801.28     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| SCOR SE                         | SCOR SE                                                                | CUSIP: N/A<br>LEI: 96950056ULJ4JI7V3752       | Long             | EC               | CORP              | FR        |       800 | NS      | $18432.95     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Asax Co Ltd                     | Asax Co Ltd                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2700 | NS      | $12186.33     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC        | Howden Joinery Group PLC                                               | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |      2900 | NS      | $19582.00     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ME GROUP INTERNATIONAL PLC      | ME GROUP INTERNATIONAL PLC                                             | CUSIP: N/A<br>LEI: 2138006YJ65EKBYYYX41       | Long             | EC               | CORP              | GB        |     11000 | NS      | $15293.29     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TS Tech Co Ltd                  | TS Tech Co Ltd                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2600 | NS      | $29736.13     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Nobia AB                        | Nobia AB                                                               | CUSIP: N/A<br>LEI: 529900MZ8Y3QGPDF6815       | Long             | EC               | CORP              | SE        |      8800 | NS      | $17951.04     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Babcock International Group PL  | Babcock International Group PLC                                        | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |      8100 | NS      | $27701.99     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| AGF Management Ltd              | AGF Management Ltd                                                     | CUSIP: 001092105<br>LEI: 254900MZSQTEB6YEO028 | Long             | EC               | CORP              | CA        |      5900 | NS      | $30807.24     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Western Bank           | Canadian Western Bank                                                  | CUSIP: 13677F101<br>LEI: 549300QG7XFGLKN6HL17 | Long             | EC               | CORP              | CA        |      1000 | NS      | $17769.57     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Aalberts NV                     | Aalberts NV                                                            | CUSIP: N/A<br>LEI: 549300EMP9DT6Q35HZ31       | Long             | EC               | CORP              | NL        |       500 | NS      | $19476.10     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| GAM Holding AG                  | GAM Holding AG                                                         | CUSIP: N/A<br>LEI: 549300GGVID7ZGDMX291       | Long             | EC               | CORP              | CH        |     34400 | NS      | $34971.07     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Russel Metals Inc               | Russel Metals Inc                                                      | CUSIP: 781903604<br>LEI: 5493005F9VPHFO17OV54 | Long             | EC               | CORP              | CA        |       620 | NS      | $13178.43     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                   | Celestica Inc                                                          | CUSIP: 15101Q108<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      1100 | NS      | $12397.34     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Anima Holding SpA               | Anima Holding SpA                                                      | CUSIP: N/A<br>LEI: 549300T1EREIRH8ICX03       | Long             | EC               | CORP              | IT        |      5300 | NS      | $21217.47     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SFS Group AG                    | SFS Group AG                                                           | CUSIP: N/A<br>LEI: 391200RQ38WAM4BJBO16       | Long             | EC               | CORP              | CH        |       180 | NS      | $17031.42     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Exco Technologies Ltd           | Exco Technologies Ltd                                                  | CUSIP: 30150P109<br>LEI: SYNTCKFOJZ0PX99NLV15 | Long             | EC               | CORP              | CA        |      2100 | NS      | $11942.39     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Capital Group Inc          | Home Capital Group Inc                                                 | CUSIP: 436913107<br>LEI: 529900BYMJZJJLBC8L85 | Long             | EC               | CORP              | CA        |       500 | NS      | $15723.78     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd             | Burford Capital Ltd                                                    | CUSIP: N/A<br>LEI: 549300FUKUWFYJMT2277       | Long             | EC               | CORP              | US        |      3500 | NS      | $28086.50     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Loomis AB                       | Loomis AB                                                              | CUSIP: N/A<br>LEI: 213800NS2XXVRYS7WP40       | Long             | EC               | CORP              | SE        |       400 | NS      | $10964.03     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Lassonde Industries Inc         | Lassonde Industries Inc                                                | CUSIP: 517907101<br>LEI: 549300U3Y8OW3GQ0VE25 | Long             | EC               | CORP              | CA        |       180 | NS      | $14793.50     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Leon's Furniture Ltd            | Leon's Furniture Ltd                                                   | CUSIP: 526682109<br>LEI: 549300L1VH4AT8EH7A33 | Long             | EC               | CORP              | CA        |       900 | NS      | $11426.14     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Capricorn Energy PLC            | Capricorn Energy PLC                                                   | CUSIP: N/A<br>LEI: 213800ZJEUQ8ZOC9AL24       | Long             | EC               | CORP              | GB        |      9661 | NS      | $30577.52     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies NV             | Technip Energies NV                                                    | CUSIP: N8486R101<br>LEI: 724500FLODI49NSCIP70 | Long             | EC               | CORP              | FR        |      1260 | NS      | $19809.11     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| MCAN Mortgage Corp              | MCAN Mortgage Corp                                                     | CUSIP: 579176108<br>LEI: 549300F0YYCIGIDJ0B71 | Long             | EC               | CORP              | CA        |      1500 | NS      | $16617.43     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Aecon Group Inc                 | Aecon Group Inc                                                        | CUSIP: 00762V109<br>LEI: 549300VROCXVWXFR8B83 | Long             | EC               | CORP              | CA        |      1500 | NS      | $10092.32     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Stella-Jones Inc                | Stella-Jones Inc                                                       | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               | CORP              | CA        |       360 | NS      | $12900.44     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Wincanton PLC                   | Wincanton PLC                                                          | CUSIP: N/A<br>LEI: 213800Z5WTW8QKOHWQ82       | Long             | EC               | CORP              | GB        |      4300 | NS      | $17489.41     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Coface SA                       | Coface SA                                                              | CUSIP: N/A<br>LEI: 96950025N07LTJYFSN57       | Long             | EC               | CORP              | FR        |      2500 | NS      | $32457.79     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| FUCHS PETROLUB SE               | FUCHS PETROLUB SE                                                      | CUSIP: N/A<br>LEI: 529900SNF9E1P5ZO4P98       | Long             | EC               | CORP              | DE        |      1200 | NS      | $35603.46     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Marks & Spencer Group PLC       | Marks & Spencer Group PLC                                              | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |     13800 | NS      | $20358.55     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Eco Animal Health Group PLC     | Eco Animal Health Group PLC                                            | CUSIP: N/A<br>LEI: 2138009XN9DJ3YP7OB55       | Long             | EC               | CORP              | GB        |      7700 | NS      | $9402.05      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Rana Gruber ASA                 | Rana Gruber ASA                                                        | CUSIP: N/A<br>LEI: 5493003MBTQHX9VNKN13       | Long             | EC               | CORP              | NO        |      2600 | NS      | $13517.58     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Iyogin Holdings Inc             | Iyogin Holdings Inc                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3400 | NS      | $18411.61     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Wynnstay Group PLC              | Wynnstay Group PLC                                                     | CUSIP: N/A<br>LEI: 213800TOLA726AITR960       | Long             | EC               | CORP              | GB        |      1500 | NS      | $10826.75     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Basellandschaftliche Kantonalb  | Basellandschaftliche Kantonalbank                                      | CUSIP: N/A<br>LEI: 529900TPRILCY8WVKI23       | Long             | EC               | CORP              | CH        |        12 | NS      | $11809.87     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sparebanken More                | Sparebanken More                                                       | CUSIP: N/A<br>LEI: 5967007LIEEXZX5PU005       | Long             | EC               | CORP              | NO        |      3900 | NS      | $33602.71     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EQB Inc                         | EQB Inc                                                                | CUSIP: 26886R104<br>LEI: 549300QAXPCRULOPD247 | Long             | EC               | CORP              | CA        |       370 | NS      | $15502.29     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| mBank SA                        | mBank SA                                                               | CUSIP: N/A<br>LEI: 259400DZXF7UJKK2AY35       | Long             | EC               | CORP              | PL        |       330 | NS      | $22364.17     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Caisse Regionale de Credit Agr  | Caisse Regionale de Credit Agricole Mutuel d'Ille-et-Vilaine           | CUSIP: N/A<br>LEI: 969500I60Z80FT66CR93       | Long             | EC               | CORP              | FR        |       110 | NS      | $5663.73      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Healthcare Ltd            | Regis Healthcare Ltd                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     23100 | NS      | $29646.64     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Inwido AB                       | Inwido AB                                                              | CUSIP: N/A<br>LEI: 529900A9NKQW5UTHBG13       | Long             | EC               | CORP              | SE        |      2000 | NS      | $21281.37     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| MJ Gleeson PLC                  | MJ Gleeson PLC                                                         | CUSIP: N/A<br>LEI: 21380064K7N2W7FD6434       | Long             | EC               | CORP              | GB        |      2400 | NS      | $9907.33      | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Estia Health Ltd                | Estia Health Ltd                                                       | CUSIP: N/A<br>LEI: 529900T7KJPM2U5FGD48       | Long             | EC               | CORP              | AU        |     21100 | NS      | $29599.42     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| ANDRITZ AG                      | ANDRITZ AG                                                             | CUSIP: A11123105<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |       360 | NS      | $20607.09     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Gruppo MutuiOnline SpA          | Gruppo MutuiOnline SpA                                                 | CUSIP: N/A<br>LEI: 8156004E40D6A02C5046       | Long             | EC               | CORP              | IT        |       500 | NS      | $14097.00     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Takemoto Yohki Co Ltd           | Takemoto Yohki Co Ltd                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1600 | NS      | $8974.50      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoist Finance AB                | Hoist Finance AB                                                       | CUSIP: N/A<br>LEI: 549300NPK3FB2BEL4D08       | Long             | EC               | CORP              | SE        |     10900 | NS      | $30839.94     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiscox Ltd                      | Hiscox Ltd                                                             | CUSIP: N/A<br>LEI: 5493007JXOLJ0QCY2D70       | Long             | EC               | CORP              | BM        |      1100 | NS      | $14502.95     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Komplett Bank ASA               | Komplett Bank ASA                                                      | CUSIP: N/A<br>LEI: 5967007LIEEXZXF0PK63       | Long             | EC               | CORP              | NO        |     11000 | NS      | $5389.51      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AEM Holdings Ltd                | AEM Holdings Ltd                                                       | CUSIP: Y0019D103<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |      4800 | NS      | $12272.68     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Direct Line Insurance Group PL  | Direct Line Insurance Group PLC                                        | CUSIP: N/A<br>LEI: 213800FF2R23ALJQOP04       | Long             | EC               | CORP              | GB        |     11900 | NS      | $31718.17     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| CRCAM de Brie Picardie          | Caisse Regionale de Credit Agricole Mutuel Brie Picardie               | CUSIP: N/A<br>LEI: 969500FYEXW795NPJO79       | Long             | EC               | CORP              | FR        |      1400 | NS      | $26189.96     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fountaine Pajot SA              | Fountaine Pajot SA                                                     | CUSIP: N/A<br>LEI: 969500YFSB44H6OIWV39       | Long             | EC               | CORP              | FR        |       100 | NS      | $12160.27     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Itoham Yonekyu Holdings Inc     | Itoham Yonekyu Holdings Inc                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5800 | NS      | $30777.13     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Viva Energy Group Ltd           | Viva Energy Group Ltd                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      9100 | NS      | $16845.05     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Strabag SE                      | Strabag SE                                                             | CUSIP: N/A<br>LEI: 529900TYYSRJH2VJSP60       | Long             | EC               | CORP              | AT        |       300 | NS      | $12560.63     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| u-blox Holding AG               | u-blox Holding AG                                                      | CUSIP: N/A<br>LEI: 506700B2W2NUXS9X8479       | Long             | EC               | CORP              | CH        |       240 | NS      | $28649.05     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Seven Bank Ltd                  | Seven Bank Ltd                                                         | CUSIP: N/A<br>LEI: 353800WMG1NLGHB7B594       | Long             | EC               | CORP              | JP        |      6200 | NS      | $12361.76     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CI Financial Corp               | CI Financial Corp                                                      | CUSIP: 125491100<br>LEI: 549300M9W7JJQSVCEM78 | Long             | EC               | CORP              | CA        |      1600 | NS      | $15964.55     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GRENKE AG                       | GRENKE AG                                                              | CUSIP: N/A<br>LEI: 529900BHRYZ464GFD289       | Long             | EC               | CORP              | DE        |       500 | NS      | $10443.09     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Pilipinas Shell Petroleum Corp  | Pilipinas Shell Petroleum Corp                                         | CUSIP: N/A<br>LEI: 54930056H8W5F37SB423       | Long             | EC               | CORP              | PH        |     34700 | NS      | $10523.17     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Anicom Holdings Inc             | Anicom Holdings Inc                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4100 | NS      | $17981.73     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Redde Northgate PLC             | Redde Northgate PLC                                                    | CUSIP: N/A<br>LEI: 213800B3ZUTDOZYVJB41       | Long             | EC               | CORP              | GB        |      4500 | NS      | $22386.29     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Norma Group SE                  | Norma Group SE                                                         | CUSIP: N/A<br>LEI: 5299000LM9HC76W5XD46       | Long             | EC               | CORP              | DE        |      1100 | NS      | $19875.19     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bulten AB                       | Bulten AB                                                              | CUSIP: N/A<br>LEI: 549300HUR75YN61F4108       | Long             | EC               | CORP              | SE        |      2000 | NS      | $11409.71     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA            | Banca Mediolanum SpA                                                   | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |      1500 | NS      | $12498.63     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Sparekassen Sjaelland-Fyn A/S   | Sparekassen Sjaelland-Fyn A/S                                          | CUSIP: N/A<br>LEI: 5493002DPKDEC2JN1Y86       | Long             | EC               | CORP              | DK        |       500 | NS      | $13932.98     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Jupiter Fund Management PLC     | Jupiter Fund Management PLC                                            | CUSIP: N/A<br>LEI: 5493003DJ1G01IMQ7S28       | Long             | EC               | CORP              | GB        |     18950 | NS      | $30419.08     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Financial Partners Group Co Lt  | Financial Partners Group Co Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3400 | NS      | $28588.56     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| BRIGHT SMART                    | Bright Smart Securities & Commodities Group Ltd                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |     70000 | NS      | $17345.50     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Arctic Paper SA                 | Arctic Paper SA                                                        | CUSIP: N/A<br>LEI: 259400OI92UBLS9RJK55       | Long             | EC               | CORP              | PL        |      4000 | NS      | $17937.01     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Vermilion Energy Inc            | Vermilion Energy Inc                                                   | CUSIP: 923725105<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | EC               | CORP              | CA        |      1200 | NS      | $21243.72     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Inchcape PLC                    | Inchcape PLC                                                           | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |      2100 | NS      | $20734.00     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| TOMONY Holdings Inc             | TOMONY Holdings Inc                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4900 | NS      | $13743.52     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bird Construction Inc           | Bird Construction Inc                                                  | CUSIP: 09076P104<br>LEI: 549300P1WGG3QPKID017 | Long             | EC               | CORP              | CA        |      2530 | NS      | $15172.53     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bank of Toyama Ltd/The    | First Bank of Toyama Ltd/The                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      9300 | NS      | $41325.00     | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Siltronic AG                    | Siltronic AG                                                           | CUSIP: N/A<br>LEI: 5299003NKV26NNGHHR90       | Long             | EC               | CORP              | DE        |       460 | NS      | $33460.50     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Wajax Corp                      | Wajax Corp                                                             | CUSIP: 930783105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2000 | NS      | $29143.28     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Point Energy Corp      | Crescent Point Energy Corp                                             | CUSIP: 22576C101<br>LEI: 549300FTKUHZK8OC7N74 | Long             | EC               | CORP              | CA        |      3600 | NS      | $25683.90     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Furyu Corp                      | Furyu Corp                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3400 | NS      | $27994.30     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Norcros PLC                     | Norcros PLC                                                            | CUSIP: N/A<br>LEI: 213800EIMJZZA1GBIE18       | Long             | EC               | CORP              | GB        |      5300 | NS      | $11554.39     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Forterra PLC                    | Forterra PLC                                                           | CUSIP: N/A<br>LEI: 213800O5DD6ATBVJAD23       | Long             | EC               | CORP              | GB        |     10700 | NS      | $24138.26     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sparebank 1 Oestlandet          | Sparebank 1 Oestlandet                                                 | CUSIP: N/A<br>LEI: 549300VRM6G42M8OWN49       | Long             | EC               | CORP              | NO        |      1400 | NS      | $17259.50     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| SmartCentres Real Estate Inves  | SmartCentres Real Estate Investment Trust                              | CUSIP: 83179X108<br>LEI: 549300HKEP2IYWZ14H97 | Long             | EC               | CORP              | CA        |      1400 | NS      | $27689.81     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pirelli & C SpA                 | Pirelli & C SpA                                                        | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |      4500 | NS      | $19289.43     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Premier Foods PLC               | Premier Foods PLC                                                      | CUSIP: N/A<br>LEI: 213800ZD5I8XHNMCJA67       | Long             | EC               | CORP              | GB        |     24300 | NS      | $31904.11     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Unipol Gruppo SpA               | Unipol Gruppo SpA                                                      | CUSIP: N/A<br>LEI: 8156005CE5E7340CCA86       | Long             | EC               | CORP              | IT        |      6800 | NS      | $33107.72     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Tamarack Valley Energy Ltd      | Tamarack Valley Energy Ltd                                             | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |      8700 | NS      | $28657.31     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Crest Nicholson Holdings plc    | Crest Nicholson Holdings plc                                           | CUSIP: N/A<br>LEI: 213800ROIFXRRRKVQD25       | Long             | EC               | CORP              | GB        |      4900 | NS      | $13949.62     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| bpost SA                        | bpost SA                                                               | CUSIP: N/A<br>LEI: 5493008AAX0BESN9WN06       | Long             | EC               | CORP              | BE        |      3000 | NS      | $15423.50     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Matas A/S                       | Matas A/S                                                              | CUSIP: N/A<br>LEI: 2138004PXX8LWGHGL872       | Long             | EC               | CORP              | DK        |      1100 | NS      | $11012.76     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Beteiligungs AG        | Deutsche Beteiligungs AG                                               | CUSIP: N/A<br>LEI: 529900I88AOT7YXRMQ23       | Long             | EC               | CORP              | DE        |       700 | NS      | $20870.32     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Plus500 Ltd                     | Plus500 Ltd                                                            | CUSIP: N/A<br>LEI: 549300X8NGW9C5OJZU13       | Long             | EC               | CORP              | IL        |      1400 | NS      | $30395.73     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Just Group PLC                  | Just Group PLC                                                         | CUSIP: N/A<br>LEI: 5493006456YEZEELRR90       | Long             | EC               | CORP              | GB        |     15600 | NS      | $15429.68     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ProSiebenSat.1 Media SE         | ProSiebenSat.1 Media SE                                                | CUSIP: N/A<br>LEI: 529900NY0WWQUKOMWQ37       | Long             | EC               | CORP              | DE        |      2300 | NS      | $20400.73     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Shaver Shop Group Ltd           | Shaver Shop Group Ltd                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     16200 | NS      | $12788.70     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| IDI Insurance Co Ltd            | IDI Insurance Co Ltd                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |       400 | NS      | $8639.42      | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BFF Bank SpA                    | BFF Bank SpA                                                           | CUSIP: N/A<br>LEI: 815600522538355AE429       | Long             | EC               | CORP              | IT        |      1600 | NS      | $12694.11     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                     | Italgas SpA                                                            | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |      5600 | NS      | $31093.36     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| GPI SpA                         | GPI SpA                                                                | CUSIP: N/A<br>LEI: 815600320CCB55749A30       | Long             | EC               | CORP              | IT        |       900 | NS      | $13930.78     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Dominion Access SA       | Global Dominion Access SA                                              | CUSIP: N/A<br>LEI: 95980020140005225955       | Long             | EC               | CORP              | ES        |      4600 | NS      | $17708.87     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Resurs Holding AB               | Resurs Holding AB                                                      | CUSIP: N/A<br>LEI: 5493006KHWZ6OVF3IO54       | Long             | EC               | CORP              | SE        |     15400 | NS      | $36817.34     | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Michael Hill International Ltd  | Michael Hill International Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     15800 | NS      | $11747.05     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| International Distributions Se  | International Distributions Services PLC                               | CUSIP: N/A<br>LEI: 213800TCZZU84G8Z2M70       | Long             | EC               | CORP              | GB        |     12000 | NS      | $30759.94     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Anexo Group PLC                 | Anexo Group PLC                                                        | CUSIP: N/A<br>LEI: 213800CJHD5C8M4MEY87       | Long             | EC               | CORP              | GB        |      8700 | NS      | $11096.40     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mavi Giyim Sanayi Ve Ticaret A  | Mavi Giyim Sanayi Ve Ticaret AS                                        | CUSIP: N/A<br>LEI: 7890004V7753Z4N1L403       | Long             | EC               | CORP              | TR        |      3400 | NS      | $24049.46     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| PeopleIN Ltd                    | PeopleIN Ltd                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     14200 | NS      | $30584.82     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Harvia Oyj                      | Harvia Oyj                                                             | CUSIP: X0005X106<br>LEI: 7437002ULTBOWQQOXL69 | Long             | EC               | CORP              | FI        |      1200 | NS      | $22761.28     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Elmera Group ASA                | Elmera Group ASA                                                       | CUSIP: N/A<br>LEI: 2138006BSHJVCD9SR489       | Long             | EC               | CORP              | NO        |      7300 | NS      | $11941.34     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Redrow PLC                      | Redrow PLC                                                             | CUSIP: N/A<br>LEI: 2138008WJZBBA7EYEL28       | Long             | EC               | CORP              | GB        |      2300 | NS      | $12603.81     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Corby Spirit and Wine Ltd       | Corby Spirit and Wine Ltd                                              | CUSIP: 218349108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      1300 | NS      | $15717.13     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| City Chic Collective Ltd        | City Chic Collective Ltd                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     20200 | NS      | $6503.33      | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Bonava AB                       | Bonava AB                                                              | CUSIP: N/A<br>LEI: 213800SLYJ6HYXWP8L95       | Long             | EC               | CORP              | SE        |      4300 | NS      | $12171.82     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnipFMC PLC                  | TechnipFMC PLC                                                         | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |      2600 | NS      | $31694.00     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Engineered Carbons SA     | Orion Engineered Carbons SA                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |      1100 | NS      | $19591.00     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV         | Expro Group Holdings NV                                                | CUSIP: N/A<br>LEI: 724500LJYA8QIT73H017       | Long             | EC               | CORP              | US        |      1633 | NS      | $29606.29     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Caisse Regionale De Credit Agr  | Caisse Regionale De Credit Agricole Mutuel Toulouse 31                 | CUSIP: N/A<br>LEI: 969500VME9AAR39CTQ60       | Long             | EC               | CORP              | FR        |       180 | NS      | $13583.96     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Danieli & C Officine Meccanich  | Danieli & C Officine Meccaniche SpA                                    | CUSIP: N/A<br>LEI: 815600B4B8C6A353E566       | Long             | EC               | CORP              | IT        |      2000 | NS      | $30679.60     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| EVN AG                          | EVN AG                                                                 | CUSIP: N/A<br>LEI: 529900P4JZBFEVNEAE60       | Long             | EC               | CORP              | AT        |       700 | NS      | $12657.96     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| FBD Holdings PLC                | FBD Holdings PLC                                                       | CUSIP: N/A<br>LEI: 635400HNBZBITDHQJG48       | Long             | EC               | CORP              | IE        |      1100 | NS      | $13011.27     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ABG Sundal Collier Holding ASA  | ABG Sundal Collier Holding ASA                                         | CUSIP: N/A<br>LEI: 5967007LIEEXZXIEMG82       | Long             | EC               | CORP              | NO        |     30600 | NS      | $17585.13     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Savencia SA                     | Savencia SA                                                            | CUSIP: N/A<br>LEI: 5299006UH636V4UOZS07       | Long             | EC               | CORP              | FR        |       500 | NS      | $31257.02     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Guerbet                         | Guerbet                                                                | CUSIP: N/A<br>LEI: 969500WV1U1WQ059L135       | Long             | EC               | CORP              | FR        |       900 | NS      | $16349.35     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| H+H International A/S           | H+H International A/S                                                  | CUSIP: N/A<br>LEI: 213800GJODT6FV8QM841       | Long             | EC               | CORP              | DK        |      1900 | NS      | $28461.46     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| UNIQA Insurance Group AG        | UNIQA Insurance Group AG                                               | CUSIP: N/A<br>LEI: 529900OOW8ELHOXWZP82       | Long             | EC               | CORP              | AT        |      1700 | NS      | $12707.45     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Trigano SA                      | Trigano SA                                                             | CUSIP: N/A<br>LEI: 969500KLZPNMO8TUM811       | Long             | EC               | CORP              | FR        |       280 | NS      | $38224.95     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Kabe Group AB                   | Kabe Group AB                                                          | CUSIP: N/A<br>LEI: 529900KQ5CM6BA63KT70       | Long             | EC               | CORP              | SE        |       500 | NS      | $9311.93      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Mayr Melnhof Karton AG          | Mayr Melnhof Karton AG                                                 | CUSIP: N/A<br>LEI: 5299001AMHDLKUM80611       | Long             | EC               | CORP              | AT        |        80 | NS      | $12924.07     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| AKWEL                           | AKWEL                                                                  | CUSIP: N/A<br>LEI: 969500SVR0D7W9RQ6751       | Long             | EC               | CORP              | FR        |       700 | NS      | $13038.03     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Miquel y Costas & Miquel SA     | Miquel y Costas & Miquel SA                                            | CUSIP: N/A<br>LEI: 95980020140005204809       | Long             | EC               | CORP              | ES        |      1000 | NS      | $12524.22     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NCC AB                          | NCC AB                                                                 | CUSIP: N/A<br>LEI: 213800WRGLW3CY4MHW53       | Long             | EC               | CORP              | SE        |      1400 | NS      | $13082.41     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Deceuninck NV                   | Deceuninck NV                                                          | CUSIP: N/A<br>LEI: 549300R6YGQQ24P6WW72       | Long             | EC               | CORP              | BE        |      5400 | NS      | $14169.95     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Rothschild & Co                 | Rothschild & Co                                                        | CUSIP: N/A<br>LEI: 549300ILF3L0BBIDPZ11       | Long             | EC               | CORP              | FR        |       760 | NS      | $30358.22     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Mecano AG               | Phoenix Mecano AG                                                      | CUSIP: N/A<br>LEI: 529900SWF06EKVI1JY11       | Long             | EC               | CORP              | CH        |        34 | NS      | $12131.83     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Rottneros AB                    | Rottneros AB                                                           | CUSIP: N/A<br>LEI: 213800DM8OBVX8QWUR14       | Long             | EC               | CORP              | SE        |     11500 | NS      | $13467.37     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sparebanken Vest                | Sparebanken Vest                                                       | CUSIP: N/A<br>LEI: 213800M7T3CYVZ3ZRT12       | Long             | EC               | CORP              | NO        |      3300 | NS      | $31151.41     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Sulzer AG                       | Sulzer AG                                                              | CUSIP: N/A<br>LEI: 529900NZ6MAST5IJF669       | Long             | EC               | CORP              | CH        |       410 | NS      | $31894.21     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd               | Kosmos Energy Ltd                                                      | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |      4200 | NS      | $26712.00     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc  | Kulicke & Soffa Industries Inc                                         | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | SG        |       700 | NS      | $30982.00     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Chargeurs SA                    | Chargeurs SA                                                           | CUSIP: N/A<br>LEI: 969500ZPQQLG72TQND21       | Long             | EC               | CORP              | FR        |      2100 | NS      | $31645.43     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| HOCHTIEF AG                     | HOCHTIEF AG                                                            | CUSIP: N/A<br>LEI: 529900Y25S8NZIYTT924       | Long             | EC               | CORP              | DE        |       330 | NS      | $18534.70     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Duerr AG                        | Duerr AG                                                               | CUSIP: N/A<br>LEI: 5299003APZ54EDTSRO20       | Long             | EC               | CORP              | DE        |       840 | NS      | $28142.11     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Bertrandt AG                    | Bertrandt AG                                                           | CUSIP: N/A<br>LEI: 529900DRBK1K538NYX30       | Long             | EC               | CORP              | DE        |       560 | NS      | $23878.50     | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| DAH SING                        | Dah Sing Financial Holdings Ltd                                        | CUSIP: N/A<br>LEI: 529900J55QMXMR5KMH32       | Long             | EC               | CORP              | HK        |     12400 | NS      | $28639.10     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai Nippon Toryo Co Ltd         | Dai Nippon Toryo Co Ltd                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5500 | NS      | $31356.84     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| SCREEN Holdings Co Ltd          | SCREEN Holdings Co Ltd                                                 | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |       500 | NS      | $31883.70     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Nisshin Group Holdings Co Ltd   | Nisshin Group Holdings Co Ltd                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      5200 | NS      | $16935.66     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Infomedia Ltd                   | Infomedia Ltd                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     20500 | NS      | $16721.34     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| V Technology Co Ltd             | V Technology Co Ltd                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1500 | NS      | $28563.68     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Fleetwood Ltd                   | Fleetwood Ltd                                                          | CUSIP: N/A<br>LEI: 549300LT0ZUXCGI95197       | Long             | EC               | CORP              | AU        |      9900 | NS      | $9594.00      | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuso Chemical Co Ltd            | Fuso Chemical Co Ltd                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1200 | NS      | $30774.51     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| UMS Holdings Ltd                | UMS Holdings Ltd                                                       | CUSIP: Y9050L106<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     15625 | NS      | $13764.07     | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| FALCO HOLDINGS Co Ltd           | FALCO HOLDINGS Co Ltd                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2300 | NS      | $30661.29     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukuda Corp                     | Fukuda Corp                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $16887.24     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Great Eagle Holdings Ltd        | Great Eagle Holdings Ltd                                               | CUSIP: N/A<br>LEI: 529900V6LG3TC9XC5S67       | Long             | EC               | CORP              | HK        |     13000 | NS      | $28537.97     | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Hachijuni Bank Ltd/The          | Hachijuni Bank Ltd/The                                                 | CUSIP: N/A<br>LEI: FE70I3MHDCWOZWK19W48       | Long             | EC               | CORP              | JP        |      4900 | NS      | $20354.52     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Elematec Corp                   | Elematec Corp                                                          | CUSIP: N/A<br>LEI: 353800YNKFBFAAJK2232       | Long             | EC               | CORP              | JP        |      1800 | NS      | $21065.75     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiroshima Gas Co Ltd            | Hiroshima Gas Co Ltd                                                   | CUSIP: N/A<br>LEI: 353800YNE9JERP7XZ791       | Long             | EC               | CORP              | JP        |      7200 | NS      | $18824.67     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Hodogaya Chemical Co Ltd        | Hodogaya Chemical Co Ltd                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1400 | NS      | $29801.53     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Horiba Ltd                      | Horiba Ltd                                                             | CUSIP: N/A<br>LEI: 529900OOTWPYSNW0EC84       | Long             | EC               | CORP              | JP        |       700 | NS      | $30346.95     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Holdings Ltd/The        | Phoenix Holdings Ltd/The                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |      1100 | NS      | $11732.97     | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Downer EDI Ltd                  | Downer EDI Ltd                                                         | CUSIP: N/A<br>LEI: 254900DIW3F7OMWAO951       | Long             | EC               | CORP              | AU        |      9100 | NS      | $22869.23     | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Aviation Electronics Ind  | Japan Aviation Electronics Industry Ltd                                | CUSIP: N/A<br>LEI: 353800OSHAMOO6TCTF61       | Long             | EC               | CORP              | JP        |      1900 | NS      | $30308.68     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Regis Resources Ltd             | Regis Resources Ltd                                                    | CUSIP: N/A<br>LEI: 213800XH9YUXBLYBD749       | Long             | EC               | CORP              | AU        |     10800 | NS      | $15199.95     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanto Denka Kogyo Co Ltd        | Kanto Denka Kogyo Co Ltd                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4200 | NS      | $29307.45     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Kawai Musical Instruments Manu  | Kawai Musical Instruments Manufacturing Co Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1500 | NS      | $29586.00     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| G-Tekt Corp                     | G-Tekt Corp                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3000 | NS      | $32686.76     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumagai Gumi Co Ltd             | Kumagai Gumi Co Ltd                                                    | CUSIP: N/A<br>LEI: 529900M993KYZI2Q1Q47       | Long             | EC               | CORP              | JP        |       900 | NS      | $17927.32     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyudenko Corp                   | Kyudenko Corp                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       500 | NS      | $12368.21     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Macmahon Holdings Ltd           | Macmahon Holdings Ltd                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    123800 | NS      | $12199.54     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeuchi Manufacturing Co Ltd   | Takeuchi Manufacturing Co Ltd                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1400 | NS      | $30739.24     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Danamon Indonesia Tbk PT   | Bank Danamon Indonesia Tbk PT                                          | CUSIP: N/A<br>LEI: 254900XB9K06L7PWEP97       | Long             | EC               | CORP              | ID        |    128100 | NS      | $22447.24     | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuno Corp                     | Mizuno Corp                                                            | CUSIP: N/A<br>LEI: 353800HVH84K5YH37819       | Long             | EC               | CORP              | JP        |      1500 | NS      | $32118.44     | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Motors Corp          | Mitsubishi Motors Corp                                                 | CUSIP: N/A<br>LEI: 5299006ZTN6MO1N5BR16       | Long             | EC               | CORP              | JP        |      4900 | NS      | $18608.23     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Morita Holdings Corp            | Morita Holdings Corp                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3100 | NS      | $27243.15     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon Parkerizing Co Ltd        | Nihon Parkerizing Co Ltd                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      4100 | NS      | $29065.68     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Pillar Packing Co Ltd    | Nippon Pillar Packing Co Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1000 | NS      | $20641.89     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Fuji Flour Milling Co Lt  | Nitto Fuji Flour Milling Co Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       400 | NS      | $13463.59     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Nitto Kogyo Corp                | Nitto Kogyo Corp                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1000 | NS      | $17867.30     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Subsea 7 SA                     | Subsea 7 SA                                                            | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | GB        |      2800 | NS      | $32423.00     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Sixt SE                         | Sixt SE                                                                | CUSIP: N/A<br>LEI: 5299004ZME6CSBR7WP07       | Long             | EC               | CORP              | DE        |       180 | NS      | $16479.41     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| KNOW IT AB                      | KNOW IT AB                                                             | CUSIP: N/A<br>LEI: 549300CM6KSG2GY3HV62       | Long             | EC               | CORP              | SE        |      1400 | NS      | $27353.36     | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| PostNL NV                       | PostNL NV                                                              | CUSIP: N7203C108<br>LEI: 724500Q41FHN0P1GPC53 | Long             | EC               | CORP              | NL        |      6526 | NS      | $11899.72     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Feintool International Holding  | Feintool International Holding AG                                      | CUSIP: N/A<br>LEI: 529900AUNJ8C37482692       | Long             | EC               | CORP              | CH        |       500 | NS      | $10912.27     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Sopra Steria Group SACA         | Sopra Steria Group SACA                                                | CUSIP: N/A<br>LEI: 96950020QIOHAAK9V551       | Long             | EC               | CORP              | FR        |       120 | NS      | $18168.32     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Schouw & Co A/S                 | Schouw & Co A/S                                                        | CUSIP: N/A<br>LEI: 213800V2R9WMMZASKK57       | Long             | EC               | CORP              | DK        |       160 | NS      | $12046.13     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ACEA SpA                        | ACEA SpA                                                               | CUSIP: N/A<br>LEI: 549300Q3448N041CTH56       | Long             | EC               | CORP              | IT        |      1400 | NS      | $19348.50     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Semperit AG Holding             | Semperit AG Holding                                                    | CUSIP: N/A<br>LEI: 529900PG9O7YFYX5UM88       | Long             | EC               | CORP              | AT        |       600 | NS      | $12710.85     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuestenrot & Wuerttembergische  | Wuestenrot & Wuerttembergische AG                                      | CUSIP: N/A<br>LEI: 5299003H07ZT0Z5ZNN35       | Long             | EC               | CORP              | DE        |       800 | NS      | $13199.72     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Buzzi Unicem SpA                | Buzzi Unicem SpA                                                       | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |      1000 | NS      | $19270.06     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Vopak NV            | Koninklijke Vopak NV                                                   | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |       550 | NS      | $16360.46     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Bekaert SA                      | Bekaert SA                                                             | CUSIP: N/A<br>LEI: 5493008SR6XZECH6BN71       | Long             | EC               | CORP              | BE        |       400 | NS      | $15545.15     | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Rieter Holding AG               | Rieter Holding AG                                                      | CUSIP: N/A<br>LEI: 529900SNR4JQCSACBN29       | Long             | EC               | CORP              | CH        |       320 | NS      | $36198.52     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Adbri Ltd                       | Adbri Ltd                                                              | CUSIP: N/A<br>LEI: 529900XNYGV6JJJ38J47       | Long             | EC               | CORP              | AU        |     12000 | NS      | $13493.38     | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Alps Alpine Co Ltd              | Alps Alpine Co Ltd                                                     | CUSIP: N/A<br>LEI: 529900PWNU4ASLY9VI90       | Long             | EC               | CORP              | JP        |      3600 | NS      | $32539.72     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ASAHI YUKIZAI CORP              | ASAHI YUKIZAI CORP                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1700 | NS      | $35981.04     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Awa Bank Ltd/The                | Awa Bank Ltd/The                                                       | CUSIP: N/A<br>LEI: 353800YH8XWV0XAHXR13       | Long             | EC               | CORP              | JP        |      1300 | NS      | $21008.39     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of East Asia Ltd/The       | Bank of East Asia Ltd/The                                              | CUSIP: N/A<br>LEI: CO6GC26LCGGRTUESIP55       | Long             | EC               | CORP              | HK        |     24800 | NS      | $29980.53     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuji Seal International Inc     | Fuji Seal International Inc                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1400 | NS      | $17871.49     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| C Uyemura & Co Ltd              | C Uyemura & Co Ltd                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       400 | NS      | $18446.60     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Grange Resources Ltd            | Grange Resources Ltd                                                   | CUSIP: N/A<br>LEI: 529900NMGGZAKQ0JZU73       | Long             | EC               | CORP              | AU        |     21000 | NS      | $12045.33     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Daitron Co Ltd                  | Daitron Co Ltd                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1900 | NS      | $32801.12     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Clal Insurance Enterprises Hol  | Clal Insurance Enterprises Holdings Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |       900 | NS      | $15143.51     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| CTI Engineering Co Ltd          | CTI Engineering Co Ltd                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $19440.62     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| CSR Ltd                         | CSR Ltd                                                                | CUSIP: N/A<br>LEI: 549300TOGR54OMW2T093       | Long             | EC               | CORP              | AU        |      5600 | NS      | $17907.59     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Zeon Corp                       | Zeon Corp                                                              | CUSIP: N/A<br>LEI: 529900UEFURDYZ4F4U10       | Long             | EC               | CORP              | JP        |      3000 | NS      | $30188.46     | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Okamura Corp                    | Okamura Corp                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1700 | NS      | $18229.34     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Dai-Dan Co Ltd                  | Dai-Dan Co Ltd                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1100 | NS      | $18277.55     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Century Corp              | Tokyo Century Corp                                                     | CUSIP: N/A<br>LEI: 35380096ZLHOF84DXR74       | Long             | EC               | CORP              | JP        |       350 | NS      | $11797.53     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Hazama Ando Corp                | Hazama Ando Corp                                                       | CUSIP: N/A<br>LEI: 353800YSSP5B2GMQ6E51       | Long             | EC               | CORP              | JP        |      2800 | NS      | $17870.63     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Ebara Foods Industry Inc        | Ebara Foods Industry Inc                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1200 | NS      | $27646.19     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Tocalo Co Ltd                   | Tocalo Co Ltd                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3400 | NS      | $29511.99     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| S Foods Inc                     | S Foods Inc                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $20260.95     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Suruga Bank Ltd                 | Suruga Bank Ltd                                                        | CUSIP: N/A<br>LEI: 3538003A9JIMKE5G3M02       | Long             | EC               | CORP              | JP        |     10500 | NS      | $33693.05     | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Takuma Co Ltd                   | Takuma Co Ltd                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1900 | NS      | $17707.73     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tobishima Corp                  | Tobishima Corp                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2200 | NS      | $16819.31     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Seimitsu Co Ltd           | Tokyo Seimitsu Co Ltd                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       900 | NS      | $29077.46     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Toagosei Co Ltd                 | Toagosei Co Ltd                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2000 | NS      | $16788.12     | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Yurtec Corp                     | Yurtec Corp                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3300 | NS      | $18357.77     | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Boshoku Corp             | Toyota Boshoku Corp                                                    | CUSIP: N/A<br>LEI: 529900KS87U6EY7PWG26       | Long             | EC               | CORP              | JP        |      2100 | NS      | $27872.19     | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsugami Corp                    | Tsugami Corp                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      3300 | NS      | $28916.64     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsumura & Co                    | Tsumura & Co                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $17545.01     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Yushiro Chemical                | Yushiro Chemical Industry Co Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1500 | NS      | $8939.14      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Groupe Crit                     | Groupe Crit                                                            | CUSIP: N/A<br>LEI: 969500KI179R130T7Q32       | Long             | EC               | CORP              | FR        |       440 | NS      | $28746.04     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Caisse Regionale de Credit Agr  | Caisse Regionale de Credit Agricole Mutuel de Paris et d'Ile-de-France | CUSIP: N/A<br>LEI: 969500PI25OKPKTD9364       | Long             | EC               | CORP              | FR        |       380 | NS      | $27302.37     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Caisse Regionale de Credit Agr  | Caisse Regionale de Credit Agricole Mutuel de Normandie-Seine          | CUSIP: N/A<br>LEI: 9695003BBN1S4HV82514       | Long             | EC               | CORP              | FR        |       160 | NS      | $11646.45     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Bank Polska SA        | Santander Bank Polska SA                                               | CUSIP: N/A<br>LEI: 259400LGXW3K0GDAG361       | Long             | EC               | CORP              | PL        |       530 | NS      | $31552.76     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca IFIS SpA                  | Banca IFIS SpA                                                         | CUSIP: N/A<br>LEI: 8156005420362AE59184       | Long             | EC               | CORP              | IT        |      2400 | NS      | $34164.26     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Schoeller-Bleckmann Oilfield E  | Schoeller-Bleckmann Oilfield Equipment AG                              | CUSIP: N/A<br>LEI: 549300ZD9ED8GSG3JW36       | Long             | EC               | CORP              | AT        |       330 | NS      | $20692.40     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Picanol                         | Picanol                                                                | CUSIP: N/A<br>LEI: 549300TLMDDUQR3DJ408       | Long             | EC               | CORP              | BE        |       170 | NS      | $14448.96     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| McMillan Shakespeare Ltd        | McMillan Shakespeare Ltd                                               | CUSIP: N/A<br>LEI: 254900GPJQUGWJEAZ102       | Long             | EC               | CORP              | AU        |      1200 | NS      | $10962.82     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Halfords Group PLC              | Halfords Group PLC                                                     | CUSIP: N/A<br>LEI: 54930086FKBWWJIOBI79       | Long             | EC               | CORP              | GB        |     14200 | NS      | $35713.49     | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding SpA              | Azimut Holding SpA                                                     | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |      1100 | NS      | $24613.29     | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Super Retail Group Ltd          | Super Retail Group Ltd                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      1700 | NS      | $12338.51     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Canaccord Genuity Group Inc     | Canaccord Genuity Group Inc                                            | CUSIP: 134801109<br>LEI: 5493002DR5KW4JP7YS87 | Long             | EC               | CORP              | CA        |      3100 | NS      | $19209.01     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| APG SGA SA                      | APG SGA SA                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |       170 | NS      | $29560.93     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Western Forest Products Inc     | Western Forest Products Inc                                            | CUSIP: 958211203<br>LEI: 54930025VS2JPY0XAU56 | Long             | EC               | CORP              | CA        |     11700 | NS      | $10023.63     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HS Holdings Co Ltd              | HS Holdings Co Ltd                                                     | CUSIP: N/A<br>LEI: 549300QL9Z6XV46RXT40       | Long             | EC               | CORP              | JP        |      3600 | NS      | $32974.75     | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica PLC                    | Centrica PLC                                                           | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |     26470 | NS      | $30786.40     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Clas Ohlson AB                  | Clas Ohlson AB                                                         | CUSIP: N/A<br>LEI: 549300MH8OETHBBKJU80       | Long             | EC               | CORP              | SE        |      1600 | NS      | $11039.02     | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Numis Corp PLC                  | Numis Corp PLC                                                         | CUSIP: N/A<br>LEI: 213800ARWWDZZCNBHD25       | Long             | EC               | CORP              | GB        |     13100 | NS      | $30249.29     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GungHo Online Entertainment In  | GungHo Online Entertainment Inc                                        | CUSIP: N/A<br>LEI: 529900TH7FB4RV6F5S47       | Long             | EC               | CORP              | JP        |      1900 | NS      | $30688.88     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Raiffeisen Bank International   | Raiffeisen Bank International AG                                       | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |      2100 | NS      | $34242.79     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Atresmedia Corp de Medios de C  | Atresmedia Corp de Medios de Comunicacion SA                           | CUSIP: N/A<br>LEI: 95980020140005491929       | Long             | EC               | CORP              | ES        |      6000 | NS      | $20497.50     | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bucher Industries AG            | Bucher Industries AG                                                   | CUSIP: N/A<br>LEI: 52990014AQ91A29HPB27       | Long             | EC               | CORP              | CH        |        50 | NS      | $20866.45     | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Frencken Group Ltd              | Frencken Group Ltd                                                     | CUSIP: Y22860103<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     28500 | NS      | $20140.01     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| EVS Broadcast Equipment SA      | EVS Broadcast Equipment SA                                             | CUSIP: N/A<br>LEI: 549300J0AJACIPKLTD62       | Long             | EC               | CORP              | BE        |       500 | NS      | $11932.85     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| System Research Co Ltd          | System Research Co Ltd                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       800 | NS      | $12867.97     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Esprinet SpA                    | Esprinet SpA                                                           | CUSIP: N/A<br>LEI: 8156007E3375956ADD08       | Long             | EC               | CORP              | IT        |      2600 | NS      | $18771.78     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Plastic Omnium SA           | Cie Plastic Omnium SA                                                  | CUSIP: N/A<br>LEI: 9695001VLC2KYXX0DW73       | Long             | EC               | CORP              | FR        |       700 | NS      | $10173.14     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Birchcliff Energy Ltd           | Birchcliff Energy Ltd                                                  | CUSIP: 090697103<br>LEI: 5493000BBN3EF2L0XW29 | Long             | EC               | CORP              | CA        |      3500 | NS      | $24375.92     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vienna Insurance                | Vienna Insurance Group AG Wiener Versicherung Gruppe                   | CUSIP: N/A<br>LEI: 549300JCRU23I1THU176       | Long             | EC               | CORP              | AT        |      1200 | NS      | $28678.09     | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| SThree PLC                      | SThree PLC                                                             | CUSIP: N/A<br>LEI: 2138003NEBX5VRP3EX50       | Long             | EC               | CORP              | GB        |      2600 | NS      | $12667.44     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Elekta AB                       | Elekta AB                                                              | CUSIP: N/A<br>LEI: 54930044O54BK617EP80       | Long             | EC               | CORP              | SE        |      2900 | NS      | $17492.66     | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Britvic PLC                     | Britvic PLC                                                            | CUSIP: N/A<br>LEI: 635400L3NVMYD4BVCI53       | Long             | EC               | CORP              | GB        |      3200 | NS      | $29813.59     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Lancashire Holdings Ltd         | Lancashire Holdings Ltd                                                | CUSIP: N/A<br>LEI: 5493002UNUYXLHOWF752       | Long             | EC               | CORP              | GB        |      4900 | NS      | $38527.92     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Caisse Regionale de Credit Agr  | Caisse Regionale de Credit Agricole Mutuel Nord de France              | CUSIP: N/A<br>LEI: 969500FF9M4SBM5VHR15       | Long             | EC               | CORP              | FR        |      1700 | NS      | $30058.77     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Airport City Ltd                | Airport City Ltd                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |      1600 | NS      | $25622.09     | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Konecranes Oyj                  | Konecranes Oyj                                                         | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |       700 | NS      | $21580.32     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Pantheon Resources PLC          | Pantheon Resources PLC                                                 | CUSIP: N/A<br>LEI: 213800SWHY5DNQS64J23       | Long             | EC               | CORP              | GB        |     15500 | NS      | $7932.89      | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Husqvarna AB                    | Husqvarna AB                                                           | CUSIP: N/A<br>LEI: 549300GYQIIJ3UXB7655       | Long             | EC               | CORP              | SE        |      2800 | NS      | $19665.60     | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaufman & Broad SA              | Kaufman & Broad SA                                                     | CUSIP: N/A<br>LEI: 969500CE0X343D8ALO86       | Long             | EC               | CORP              | FR        |       500 | NS      | $14694.98     | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Beter Bed Holding NV            | Beter Bed Holding NV                                                   | CUSIP: N/A<br>LEI: 724500OGCGS5L7N5XU05       | Long             | EC               | CORP              | NL        |      2500 | NS      | $7589.34      | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Oesterreichische Post AG        | Oesterreichische Post AG                                               | CUSIP: N/A<br>LEI: 529900MVUWACNUTK8467       | Long             | EC               | CORP              | AT        |       400 | NS      | $12592.70     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Austevoll Seafood ASA           | Austevoll Seafood ASA                                                  | CUSIP: N/A<br>LEI: 5967007LIEEXZXFFDC03       | Long             | EC               | CORP              | NO        |      2400 | NS      | $21645.92     | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Cardinal Energy Ltd             | Cardinal Energy Ltd                                                    | CUSIP: 14150G400<br>LEI: 54930032PTI7XWCLOD92 | Long             | EC               | CORP              | CA        |      4300 | NS      | $24199.41     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co. | Citigroup, Inc.                                                        | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |         9 | PA      | $9.11         | 0.00%             | 2022-12-31      | Fixed         | 1.14%                 | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co. | Brown Brothers Harriman and Co.                                        | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2022-12-31      | Fixed         | 1.01%                 | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co. | Brown Brothers Harriman and Co.                                        | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2022-12-31      | Fixed         | 0.84%                 | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co. | Australia and New Zealand Banking Group Ltd.                           | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |     44235 | PA      | $44235.07     | 0.73%             | 2022-12-31      | Fixed         | 3.68%                 | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-08

**Name of Applicant:** HOTCHKIS & WILEY FUNDS /DE/

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer