# EDGAR Filing Document

**Accession Number:** 0001227523
**File Stem:** 0000940400-26-008233
**Filing Date:** 2026-2
**Character Count:** 295988
**Document Hash:** abd3b207571a00bccb75817902a56aa6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008233.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008233

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OPTIMUM FUND TRUST
- **CENTRAL INDEX KEY:** 0001227523

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21335
- **FILM NUMBER:** 26683553

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354
- **BUSINESS PHONE:** 800.914.0278

**MAIL ADDRESS:**
- **STREET 1:** 100 INDEPENDENCE
- **STREET 2:** 610 MARKET STREET
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19106-2354

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BOB TRUST
- **DATE OF NAME CHANGE:** 20030415

## Series and Classes Contracts Data

### OPTIMUM INTERNATIONAL FUND (Series ID: S000002421)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000006447 | OPTIMUM INTERNATIONAL FUND CLASS A             | OAIEX           |
| C000006449 | OPTIMUM INTERNATIONAL FUND CLASS C             | OCIEX           |
| C000006450 | OPTIMUM INTERNATIONAL FUND INSTITUTIONAL CLASS | OIIEX           |

## Nport-Ex

## Schedule of investments
Optimum International Fund

December 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common Stocks — 99.17%Δ** | &nbsp;&nbsp;**Common Stocks — 99.17%Δ** | &nbsp;&nbsp;**Common Stocks — 99.17%Δ** |
| &nbsp;&nbsp;Australia — 1.97% | &nbsp;&nbsp;Australia — 1.97% | &nbsp;&nbsp;Australia — 1.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aristocrat Leisure | &nbsp;&nbsp;&nbsp;&nbsp;84763 | &nbsp;&nbsp;$3281548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EBOS Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 | &nbsp;&nbsp;&nbsp; 747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enero Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384 | &nbsp;&nbsp;&nbsp; 162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OceanaGold | &nbsp;&nbsp;&nbsp;&nbsp;71233 | &nbsp;&nbsp;&nbsp; 2018844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pro Medicus | &nbsp;&nbsp;&nbsp;&nbsp;22715 | &nbsp;&nbsp;&nbsp; 3335998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qantas Airways | &nbsp;&nbsp;&nbsp;&nbsp;130475 | &nbsp;&nbsp;&nbsp; 901411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regis Resources | &nbsp;&nbsp;&nbsp;&nbsp;104701 | &nbsp;&nbsp;&nbsp; 522194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rio Tinto | &nbsp;&nbsp;&nbsp;&nbsp;118650 | &nbsp;&nbsp;&nbsp; 9557381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;South32 | &nbsp;&nbsp;&nbsp;&nbsp;114655 | &nbsp;&nbsp;&nbsp; 271401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wagners Holding | &nbsp;&nbsp;&nbsp;&nbsp;18860 | &nbsp;&nbsp;&nbsp; 45185 |
|  |  | &nbsp;&nbsp;&nbsp; 19934871 |
| &nbsp;&nbsp;Austria — 0.08% | &nbsp;&nbsp;Austria — 0.08% | &nbsp;&nbsp;Austria — 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Erste Group Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6780 | &nbsp;&nbsp;&nbsp; 812986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raiffeisen Bank International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646 | &nbsp;&nbsp;&nbsp; 28784 |
|  |  | &nbsp;&nbsp;&nbsp; 841770 |
| &nbsp;&nbsp;Belgium — 0.39% | &nbsp;&nbsp;Belgium — 0.39% | &nbsp;&nbsp;Belgium — 0.39% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KBC Group | &nbsp;&nbsp;&nbsp;&nbsp;21230 | &nbsp;&nbsp;&nbsp; 2764911 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4155 | &nbsp;&nbsp;&nbsp; 1157693 |
|  |  | &nbsp;&nbsp;&nbsp; 3922604 |
| &nbsp;&nbsp;Brazil — 1.97% | &nbsp;&nbsp;Brazil — 1.97% | &nbsp;&nbsp;Brazil — 1.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B3 - Brasil Bolsa Balcao | 1830500 | &nbsp;&nbsp;&nbsp; 4639928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6789 | &nbsp;&nbsp;&nbsp; 13674811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Minerva | &nbsp;&nbsp;&nbsp;&nbsp;133000 | &nbsp;&nbsp;&nbsp; 139802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pagseguro Digital Class A | &nbsp;&nbsp;&nbsp;&nbsp;44778 | &nbsp;&nbsp;&nbsp; 431660 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTVS | &nbsp;&nbsp;&nbsp;&nbsp;48300 | &nbsp;&nbsp;&nbsp; 370905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yara International | &nbsp;&nbsp;&nbsp;&nbsp;16766 | &nbsp;&nbsp;&nbsp; 686098 |
|  |  | &nbsp;&nbsp;&nbsp; 19943204 |
| &nbsp;&nbsp;Canada — 5.91% | &nbsp;&nbsp;Canada — 5.91% | &nbsp;&nbsp;Canada — 5.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altius Minerals | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp; 139848 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Nova Scotia | &nbsp;&nbsp;&nbsp;&nbsp;116700 | &nbsp;&nbsp;&nbsp; 8607002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celestica † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp; 828260 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centerra Gold | &nbsp;&nbsp;&nbsp;&nbsp;28100 | &nbsp;&nbsp;&nbsp; 404543 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CES Energy Solutions | &nbsp;&nbsp;&nbsp;&nbsp;22773 | &nbsp;&nbsp;&nbsp; 203581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cogeco | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp; 144526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Software | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1904 | &nbsp;&nbsp;&nbsp; 4579699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DPM Metals | &nbsp;&nbsp;&nbsp;&nbsp;118600 | &nbsp;&nbsp;&nbsp; 3665449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DRI Healthcare Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp; 64395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-L Financial | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp; 39118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Empire Class A | &nbsp;&nbsp;&nbsp;&nbsp;68700 | &nbsp;&nbsp;&nbsp; 2388521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enerflex | &nbsp;&nbsp;&nbsp;&nbsp;43100 | &nbsp;&nbsp;&nbsp; 664454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enghouse Systems | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9713 | &nbsp;&nbsp;&nbsp; 144080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ensign Energy Services † | &nbsp;&nbsp;&nbsp;&nbsp;15700 | &nbsp;&nbsp;&nbsp; 29054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FirstService | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp; 839773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortuna Mining † | &nbsp;&nbsp;&nbsp;&nbsp;129900 | &nbsp;&nbsp;&nbsp; 1272926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hemisphere Energy | &nbsp;&nbsp;&nbsp;&nbsp;20900 | &nbsp;&nbsp;&nbsp; 29997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hudbay Minerals | &nbsp;&nbsp;&nbsp;&nbsp;14800 | &nbsp;&nbsp;&nbsp; 293833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iA Financial | &nbsp;&nbsp;&nbsp;&nbsp;41480 | &nbsp;&nbsp;&nbsp; 5374222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Imperial Metals † | &nbsp;&nbsp;&nbsp;&nbsp;12400 | &nbsp;&nbsp;&nbsp; 90343 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Canada (continued) | &nbsp;&nbsp;Canada (continued) | &nbsp;&nbsp;Canada (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinaxis † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5295 | &nbsp;&nbsp;$667705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lumine Group † | &nbsp;&nbsp;&nbsp;&nbsp;144610 | &nbsp;&nbsp;&nbsp; 2859433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magellan Aerospace | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2900 | &nbsp;&nbsp;&nbsp; 39130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Martinrea International | &nbsp;&nbsp;&nbsp;&nbsp;25979 | &nbsp;&nbsp;&nbsp; 196089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Bank of Canada | &nbsp;&nbsp;&nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp; 1307890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paramount Resources Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp; 72259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parex Resources | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8200 | &nbsp;&nbsp;&nbsp; 110225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PHX Energy Services | &nbsp;&nbsp;&nbsp;&nbsp;16900 | &nbsp;&nbsp;&nbsp; 92346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quebecor Class B | &nbsp;&nbsp;&nbsp;&nbsp;65400 | &nbsp;&nbsp;&nbsp; 2463429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify Class A † | &nbsp;&nbsp;&nbsp;&nbsp;36766 | &nbsp;&nbsp;&nbsp; 5918223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stella-Jones | &nbsp;&nbsp;&nbsp;&nbsp;44977 | &nbsp;&nbsp;&nbsp; 2789619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suncor Energy | &nbsp;&nbsp;&nbsp;&nbsp;166800 | &nbsp;&nbsp;&nbsp; 7403341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TFI International | &nbsp;&nbsp;&nbsp;&nbsp;26652 | &nbsp;&nbsp;&nbsp; 2754813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TMX Group | &nbsp;&nbsp;&nbsp;&nbsp;11240 | &nbsp;&nbsp;&nbsp; 427719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Torex Gold Resources | &nbsp;&nbsp;&nbsp;&nbsp;20173 | &nbsp;&nbsp;&nbsp; 963272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toronto-Dominion Bank | &nbsp;&nbsp;&nbsp;&nbsp;19500 | &nbsp;&nbsp;&nbsp; 1837835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Energy Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7700 | &nbsp;&nbsp;&nbsp; 83589 |
|  |  | &nbsp;&nbsp;&nbsp; 59790541 |
| &nbsp;&nbsp;Chile — 0.53% | &nbsp;&nbsp;Chile — 0.53% | &nbsp;&nbsp;Chile — 0.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lundin Mining | &nbsp;&nbsp;&nbsp;&nbsp;248033 | &nbsp;&nbsp;&nbsp; 5330934 |
|  |  | &nbsp;&nbsp;&nbsp; 5330934 |
| &nbsp;&nbsp;China — 12.43% | &nbsp;&nbsp;China — 12.43% | &nbsp;&nbsp;China — 12.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37 Interactive Entertainment Network Technology Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;225600 | &nbsp;&nbsp;&nbsp; 762193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAC Technologies Holdings | &nbsp;&nbsp;&nbsp;&nbsp;95500 | &nbsp;&nbsp;&nbsp; 478762 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural Bank of China Class H | 1946000 | &nbsp;&nbsp;&nbsp; 1447676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIA Group | &nbsp;&nbsp;&nbsp;&nbsp;872600 | &nbsp;&nbsp;&nbsp; 8981754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AInnovation Technology Group Class H † | &nbsp;&nbsp;&nbsp;&nbsp;177000 | &nbsp;&nbsp;&nbsp; 128591 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aluminum Corp. of China Class H | 1294000 | &nbsp;&nbsp;&nbsp; 2025696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anhui Huilong Agricultural Means of Production Class A | &nbsp;&nbsp;&nbsp;&nbsp;250500 | &nbsp;&nbsp;&nbsp; 216567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ATRenew ADR † | &nbsp;&nbsp;&nbsp;&nbsp;11140 | &nbsp;&nbsp;&nbsp; 59042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Autohome ADR | &nbsp;&nbsp;&nbsp;&nbsp;35867 | &nbsp;&nbsp;&nbsp; 798399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baidu Class A † | &nbsp;&nbsp;&nbsp;&nbsp;67100 | &nbsp;&nbsp;&nbsp; 1103474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baoshan Iron & Steel Class A | &nbsp;&nbsp;&nbsp;&nbsp;527500 | &nbsp;&nbsp;&nbsp; 562553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beiqi Foton Motor Class A † | 1342200 | &nbsp;&nbsp;&nbsp; 560922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bilibili Class Z † | &nbsp;&nbsp;&nbsp;&nbsp;87940 | &nbsp;&nbsp;&nbsp; 2170458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BOE Technology Group Class A | 3843489 | &nbsp;&nbsp;&nbsp; 2316099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Build King Holdings | &nbsp;&nbsp;&nbsp;&nbsp;73424 | &nbsp;&nbsp;&nbsp; 13397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canny Elevator Class A | &nbsp;&nbsp;&nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp; 196183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changhong Meiling Class A | &nbsp;&nbsp;&nbsp;&nbsp;150400 | &nbsp;&nbsp;&nbsp; 140967 |

---

NQ- OPTIE [1225] 0226 (5191660) 1

------

Optimum International Fund

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;China (continued) | &nbsp;&nbsp;China (continued) | &nbsp;&nbsp;China (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changjiang & Jinggong Steel Building Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;349100 | &nbsp;&nbsp;$207157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chengdu Easton Bio Pharmaceutical Class A | &nbsp;&nbsp;&nbsp;&nbsp;28132 | &nbsp;&nbsp;&nbsp; 247763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chenguang Biotech Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;210200 | &nbsp;&nbsp;&nbsp; 373286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Construction Bank Class H | 5784000 | &nbsp;&nbsp;&nbsp; 5725067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Merchants Bank Class H | &nbsp;&nbsp;&nbsp;&nbsp;69000 | &nbsp;&nbsp;&nbsp; 469400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Nonferrous Mining | &nbsp;&nbsp;&nbsp;&nbsp;170000 | &nbsp;&nbsp;&nbsp; 322527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Taiping Insurance Holdings | &nbsp;&nbsp;&nbsp;&nbsp;124800 | &nbsp;&nbsp;&nbsp; 300526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Yuchai International | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2239 | &nbsp;&nbsp;&nbsp; 79485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMOC Group Class H | &nbsp;&nbsp;&nbsp;&nbsp;969000 | &nbsp;&nbsp;&nbsp; 2407502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dah Sing Financial Holdings | &nbsp;&nbsp;&nbsp;&nbsp;30000 | &nbsp;&nbsp;&nbsp; 136303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DBAPP Security Class A † | &nbsp;&nbsp;&nbsp;&nbsp;30142 | &nbsp;&nbsp;&nbsp; 221709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dongguan Aohai Technology Class A | &nbsp;&nbsp;&nbsp;&nbsp;24000 | &nbsp;&nbsp;&nbsp; 150391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Focus Technology Class A | &nbsp;&nbsp;&nbsp;&nbsp;75500 | &nbsp;&nbsp;&nbsp; 494713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fujian Fuxin Software Development JSC Class A | &nbsp;&nbsp;&nbsp;&nbsp;37600 | &nbsp;&nbsp;&nbsp; 480296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Futu Holdings ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3036 | &nbsp;&nbsp;&nbsp; 498542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;G-bits Network Technology Xiamen Class A | &nbsp;&nbsp;&nbsp;&nbsp;62700 | &nbsp;&nbsp;&nbsp; 3806469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guangdong Dongpeng Holdings Class A | &nbsp;&nbsp;&nbsp;&nbsp;645500 | &nbsp;&nbsp;&nbsp; 604897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guangdong Vanward New Electric Class A | &nbsp;&nbsp;&nbsp;&nbsp;231200 | &nbsp;&nbsp;&nbsp; 338120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Haitong UniTrust International Leasing Class H | &nbsp;&nbsp;&nbsp;&nbsp;340000 | &nbsp;&nbsp;&nbsp; 34076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Halo Microelectronics Class A † | &nbsp;&nbsp;&nbsp;&nbsp;29527 | &nbsp;&nbsp;&nbsp; 62117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hefei Meiya Optoelectronic Technology Class A | &nbsp;&nbsp;&nbsp;&nbsp;113000 | &nbsp;&nbsp;&nbsp; 332900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Henglin Home Furnishings Class A | &nbsp;&nbsp;&nbsp;&nbsp;34200 | &nbsp;&nbsp;&nbsp; 156657 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huayu Automotive Systems Class A | &nbsp;&nbsp;&nbsp;&nbsp;316600 | &nbsp;&nbsp;&nbsp; 906004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huishang Bank Class H | &nbsp;&nbsp;&nbsp;&nbsp;264000 | &nbsp;&nbsp;&nbsp; 108560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jacobson Pharma | &nbsp;&nbsp;&nbsp;&nbsp;208796 | &nbsp;&nbsp;&nbsp; 34877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JD.com Class A | &nbsp;&nbsp;&nbsp;&nbsp;288650 | &nbsp;&nbsp;&nbsp; 4150567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jiangxi Copper Class H | &nbsp;&nbsp;&nbsp;&nbsp;41000 | &nbsp;&nbsp;&nbsp; 226619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JinkoSolar Holding ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7738 | &nbsp;&nbsp;&nbsp; 199718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JOYY ADR | &nbsp;&nbsp;&nbsp;&nbsp;17282 | &nbsp;&nbsp;&nbsp; 1119182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kanzhun ADR | &nbsp;&nbsp;&nbsp;&nbsp;133992 | &nbsp;&nbsp;&nbsp; 2730757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keshun Waterproof Technologies Class A | &nbsp;&nbsp;&nbsp;&nbsp;300700 | &nbsp;&nbsp;&nbsp; 236527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kuaishou Technology | &nbsp;&nbsp;&nbsp;&nbsp;599800 | &nbsp;&nbsp;&nbsp; 4958193 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;China (continued) | &nbsp;&nbsp;China (continued) | &nbsp;&nbsp;China (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kweichow Moutai Class A | &nbsp;&nbsp;&nbsp;&nbsp;13600 | &nbsp;&nbsp;$2681702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lee & Man Paper Manufacturing | &nbsp;&nbsp;&nbsp;&nbsp;148409 | &nbsp;&nbsp;&nbsp; 53450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lenovo Group | 1762000 | &nbsp;&nbsp;&nbsp; 2095363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Li Ning | &nbsp;&nbsp;&nbsp;&nbsp;320500 | &nbsp;&nbsp;&nbsp; 770104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Linklogis Class B | &nbsp;&nbsp;&nbsp;&nbsp;312500 | &nbsp;&nbsp;&nbsp; 89895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Luolai Lifestyle Technology Class A | &nbsp;&nbsp;&nbsp;&nbsp;467821 | &nbsp;&nbsp;&nbsp; 687842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meituan Class B 144A † | &nbsp;&nbsp;&nbsp;&nbsp;223890 | &nbsp;&nbsp;&nbsp; 2967035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Midea Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;637200 | &nbsp;&nbsp;&nbsp; 7124616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Natural Food International Holding | &nbsp;&nbsp;&nbsp;&nbsp;344000 | &nbsp;&nbsp;&nbsp; 48114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NetEase | &nbsp;&nbsp;&nbsp;&nbsp;256400 | &nbsp;&nbsp;&nbsp; 7057460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newborn Town † | &nbsp;&nbsp;&nbsp;&nbsp;382000 | &nbsp;&nbsp;&nbsp; 549882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Niu Technologies ADR † | &nbsp;&nbsp;&nbsp;&nbsp;10738 | &nbsp;&nbsp;&nbsp; 32536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opple Lighting Class A | &nbsp;&nbsp;&nbsp;&nbsp;24899 | &nbsp;&nbsp;&nbsp; 65127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PDD Holdings ADR † | &nbsp;&nbsp;&nbsp;&nbsp;28361 | &nbsp;&nbsp;&nbsp; 3215854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perfect World Class A | &nbsp;&nbsp;&nbsp;&nbsp;539800 | &nbsp;&nbsp;&nbsp; 1267353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ping An Insurance Group Co. of China Class H | &nbsp;&nbsp;&nbsp;&nbsp;446000 | &nbsp;&nbsp;&nbsp; 3746268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Postal Savings Bank of China Class H | 2409000 | &nbsp;&nbsp;&nbsp; 1648173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shenzhen Bingchuan Network Class A | &nbsp;&nbsp;&nbsp;&nbsp;47600 | &nbsp;&nbsp;&nbsp; 236480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shenzhen VMAX New Energy Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;76881 | &nbsp;&nbsp;&nbsp; 362740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silergy | &nbsp;&nbsp;&nbsp;&nbsp;193000 | &nbsp;&nbsp;&nbsp; 1170492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SITC International Holdings | &nbsp;&nbsp;&nbsp;&nbsp;55000 | &nbsp;&nbsp;&nbsp; 196812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skyworth Group † | &nbsp;&nbsp;&nbsp;&nbsp;100741 | &nbsp;&nbsp;&nbsp; 60761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stanley Agricultural Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;146200 | &nbsp;&nbsp;&nbsp; 208706 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suzhou Nanomicro Technology Class A | &nbsp;&nbsp;&nbsp;&nbsp;60179 | &nbsp;&nbsp;&nbsp; 222269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Holdings | &nbsp;&nbsp;&nbsp;&nbsp;244100 | &nbsp;&nbsp;&nbsp; 18733098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Music Entertainment Group ADR | &nbsp;&nbsp;&nbsp;&nbsp;374056 | &nbsp;&nbsp;&nbsp; 6557202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tiangong International | &nbsp;&nbsp;&nbsp;&nbsp;226000 | &nbsp;&nbsp;&nbsp; 89414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TS Lines | &nbsp;&nbsp;&nbsp;&nbsp;93000 | &nbsp;&nbsp;&nbsp; 99265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Universal Scientific Industrial Shanghai Class A | &nbsp;&nbsp;&nbsp;&nbsp;301000 | &nbsp;&nbsp;&nbsp; 1291526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vatti Class A | &nbsp;&nbsp;&nbsp;&nbsp;515100 | &nbsp;&nbsp;&nbsp; 457088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vipshop Holdings ADR | &nbsp;&nbsp;&nbsp;&nbsp;217713 | &nbsp;&nbsp;&nbsp; 3851343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weichai Power Co. Ltd. Class H | &nbsp;&nbsp;&nbsp;&nbsp;64000 | &nbsp;&nbsp;&nbsp; 155316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XD | &nbsp;&nbsp;&nbsp;&nbsp;15800 | &nbsp;&nbsp;&nbsp; 131774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xiamen Jihong Technology Class A | &nbsp;&nbsp;&nbsp;&nbsp;203300 | &nbsp;&nbsp;&nbsp; 476597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xiamen Xiangyu Class A | &nbsp;&nbsp;&nbsp;&nbsp;400800 | &nbsp;&nbsp;&nbsp; 488585 |

---

2 NQ- OPTIE [1225] 0226 (5191660)

------

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;China (continued) | &nbsp;&nbsp;China (continued) | &nbsp;&nbsp;China (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yangzijiang Shipbuilding Holdings | &nbsp;&nbsp;&nbsp;&nbsp;510800 | &nbsp;&nbsp;$1379922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yixintang Pharmaceutical Group Class A | &nbsp;&nbsp;&nbsp;&nbsp;193720 | &nbsp;&nbsp;&nbsp; 356525 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yutong Heavy Industries Class A | &nbsp;&nbsp;&nbsp;&nbsp;73400 | &nbsp;&nbsp;&nbsp; 119439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZBOM Home Collection Class A | &nbsp;&nbsp;&nbsp;&nbsp;324200 | &nbsp;&nbsp;&nbsp; 424588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zhejiang Semir Garment Class A | &nbsp;&nbsp;&nbsp;&nbsp;34478 | &nbsp;&nbsp;&nbsp; 26727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zhejiang Taotao Vehicles Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp; 255128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zhihu ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5037 | &nbsp;&nbsp;&nbsp; 16521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zijin Mining Group Class H | &nbsp;&nbsp;&nbsp;&nbsp;38000 | &nbsp;&nbsp;&nbsp; 173981 |
|  |  | &nbsp;&nbsp;&nbsp; 125726713 |
| &nbsp;&nbsp;Côte d'Ivoire — 0.20% | &nbsp;&nbsp;Côte d'Ivoire — 0.20% | &nbsp;&nbsp;Côte d'Ivoire — 0.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endeavour Mining | &nbsp;&nbsp;&nbsp;&nbsp;38485 | &nbsp;&nbsp;&nbsp; 2010745 |
|  |  | &nbsp;&nbsp;&nbsp; 2010745 |
| &nbsp;&nbsp;Czech Republic — 0.03% | &nbsp;&nbsp;Czech Republic — 0.03% | &nbsp;&nbsp;Czech Republic — 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Komercni Banka | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5365 | &nbsp;&nbsp;&nbsp; 302477 |
|  |  | &nbsp;&nbsp;&nbsp; 302477 |
| &nbsp;&nbsp;Denmark — 2.90% | &nbsp;&nbsp;Denmark — 2.90% | &nbsp;&nbsp;Denmark — 2.90% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AP Moller - Maersk Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1409 | &nbsp;&nbsp;&nbsp; 3233023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bavarian Nordic † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp; 10737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demant † | &nbsp;&nbsp;&nbsp;&nbsp;113265 | &nbsp;&nbsp;&nbsp; 3816406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DSV | &nbsp;&nbsp;&nbsp;&nbsp;44564 | &nbsp;&nbsp;&nbsp; 11223734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genmab † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1247 | &nbsp;&nbsp;&nbsp; 386550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novo Nordisk Class B | &nbsp;&nbsp;&nbsp;&nbsp;77359 | &nbsp;&nbsp;&nbsp; 3923531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novonesis Novozymes Class B | &nbsp;&nbsp;&nbsp;&nbsp;104842 | &nbsp;&nbsp;&nbsp; 6707847 |
|  |  | &nbsp;&nbsp;&nbsp; 29301828 |
| &nbsp;&nbsp;Finland — 0.75% | &nbsp;&nbsp;Finland — 0.75% | &nbsp;&nbsp;Finland — 0.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kone Class B | &nbsp;&nbsp;&nbsp;&nbsp;42712 | &nbsp;&nbsp;&nbsp; 3025844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orion Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311 | &nbsp;&nbsp;&nbsp; 23089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orion Class B | &nbsp;&nbsp;&nbsp;&nbsp;38854 | &nbsp;&nbsp;&nbsp; 2898806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wartsila | &nbsp;&nbsp;&nbsp;&nbsp;47574 | &nbsp;&nbsp;&nbsp; 1684339 |
|  |  | &nbsp;&nbsp;&nbsp; 7632078 |
| &nbsp;&nbsp;France — 4.32% | &nbsp;&nbsp;France — 4.32% | &nbsp;&nbsp;France — 4.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas | &nbsp;&nbsp;&nbsp;&nbsp;89877 | &nbsp;&nbsp;&nbsp; 8502997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danone | &nbsp;&nbsp;&nbsp;&nbsp;107389 | &nbsp;&nbsp;&nbsp; 9686390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dassault Aviation | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3177 | &nbsp;&nbsp;&nbsp; 1018564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edenred | &nbsp;&nbsp;&nbsp;&nbsp;191524 | &nbsp;&nbsp;&nbsp; 4233823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ipsen | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3264 | &nbsp;&nbsp;&nbsp; 455424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Klepierre | &nbsp;&nbsp;&nbsp;&nbsp;18069 | &nbsp;&nbsp;&nbsp; 714906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6969 | &nbsp;&nbsp;&nbsp; 5252785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nexans | &nbsp;&nbsp;&nbsp;&nbsp;21876 | &nbsp;&nbsp;&nbsp; 3215774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sartorius Stedim Biotech | &nbsp;&nbsp;&nbsp;&nbsp;11334 | &nbsp;&nbsp;&nbsp; 2783875 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;France (continued) | &nbsp;&nbsp;France (continued) | &nbsp;&nbsp;France (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Societe Generale | &nbsp;&nbsp;&nbsp;&nbsp;96672 | &nbsp;&nbsp;$7782484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VIEL & Cie | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2063 | &nbsp;&nbsp;&nbsp; 41147 |
|  |  | &nbsp;&nbsp;&nbsp; 43688169 |
| &nbsp;&nbsp;Germany — 3.98% | &nbsp;&nbsp;Germany — 3.98% | &nbsp;&nbsp;Germany — 3.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aumovio † | &nbsp;&nbsp;&nbsp;&nbsp;17272 | &nbsp;&nbsp;&nbsp; 871598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BioNTech ADR † | &nbsp;&nbsp;&nbsp;&nbsp;20727 | &nbsp;&nbsp;&nbsp; 1973210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continental | &nbsp;&nbsp;&nbsp;&nbsp;18024 | &nbsp;&nbsp;&nbsp; 1430438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Bank | &nbsp;&nbsp;&nbsp;&nbsp;123928 | &nbsp;&nbsp;&nbsp; 4776078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Boerse | &nbsp;&nbsp;&nbsp;&nbsp;36389 | &nbsp;&nbsp;&nbsp; 9563808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DWS Group & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4493 | &nbsp;&nbsp;&nbsp; 295298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fresenius & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8675 | &nbsp;&nbsp;&nbsp; 497006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GEA Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;743 | &nbsp;&nbsp;&nbsp; 50214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HOCHTIEF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2221 | &nbsp;&nbsp;&nbsp; 869481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rational | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4583 | &nbsp;&nbsp;&nbsp; 3538496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAP | &nbsp;&nbsp;&nbsp;&nbsp;26545 | &nbsp;&nbsp;&nbsp; 6449600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scout24 | &nbsp;&nbsp;&nbsp;&nbsp;78876 | &nbsp;&nbsp;&nbsp; 7922300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siemens Energy † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6203 | &nbsp;&nbsp;&nbsp; 870210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Talanx | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8226 | &nbsp;&nbsp;&nbsp; 1092733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;thyssenkrupp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4720 | &nbsp;&nbsp;&nbsp; 50743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trivago ADR † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3049 | &nbsp;&nbsp;&nbsp; 8842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westwing Group † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp; 27 |
|  |  | &nbsp;&nbsp;&nbsp; 40260082 |
| &nbsp;&nbsp;Greece — 0.21% | &nbsp;&nbsp;Greece — 0.21% | &nbsp;&nbsp;Greece — 0.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ElvalHalcor | &nbsp;&nbsp;&nbsp;&nbsp;40767 | &nbsp;&nbsp;&nbsp; 180139 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eurobank | &nbsp;&nbsp;&nbsp;&nbsp;131858 | &nbsp;&nbsp;&nbsp; 530158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HELLENiQ ENERGY Holdings S.A. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2040 | &nbsp;&nbsp;&nbsp; 20019 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Bank of Greece | &nbsp;&nbsp;&nbsp;&nbsp;89175 | &nbsp;&nbsp;&nbsp; 1360137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thrace Plastics Holding and Co. | &nbsp;&nbsp;&nbsp;&nbsp;12866 | &nbsp;&nbsp;&nbsp; 61084 |
|  |  | &nbsp;&nbsp;&nbsp; 2151537 |
| &nbsp;&nbsp;Hungary — 0.56% | &nbsp;&nbsp;Hungary — 0.56% | &nbsp;&nbsp;Hungary — 0.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MOL Hungarian Oil & Gas | &nbsp;&nbsp;&nbsp;&nbsp;157107 | &nbsp;&nbsp;&nbsp; 1407942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OTP Bank | &nbsp;&nbsp;&nbsp;&nbsp;38678 | &nbsp;&nbsp;&nbsp; 4147217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Richter Gedeon | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4713 | &nbsp;&nbsp;&nbsp; 142473 |
|  |  | &nbsp;&nbsp;&nbsp; 5697632 |
| &nbsp;&nbsp;India — 2.24% | &nbsp;&nbsp;India — 2.24% | &nbsp;&nbsp;India — 2.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acevector Limited =, †, π | &nbsp;&nbsp;&nbsp;&nbsp;227200 | &nbsp;&nbsp;&nbsp; 82306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acevector Limited Series G =, †, π | &nbsp;&nbsp;&nbsp;&nbsp;75200 | &nbsp;&nbsp;&nbsp; 27242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bharat Petroleum | &nbsp;&nbsp;&nbsp;&nbsp;422339 | &nbsp;&nbsp;&nbsp; 1806650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canara Bank | &nbsp;&nbsp;&nbsp;&nbsp;407472 | &nbsp;&nbsp;&nbsp; 702742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coal India | &nbsp;&nbsp;&nbsp;&nbsp;555184 | &nbsp;&nbsp;&nbsp; 2466191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HDFC Bank | &nbsp;&nbsp;&nbsp;&nbsp;718420 | &nbsp;&nbsp;&nbsp; 7936311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hindustan Petroleum | &nbsp;&nbsp;&nbsp;&nbsp;77718 | &nbsp;&nbsp;&nbsp; 432004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICICI Lombard General Insurance | &nbsp;&nbsp;&nbsp;&nbsp;199511 | &nbsp;&nbsp;&nbsp; 4362241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indian Oil | &nbsp;&nbsp;&nbsp;&nbsp;116212 | &nbsp;&nbsp;&nbsp; 215442 |

---

NQ- OPTIE [1225] 0226 (5191660) 3

------

Optimum International Fund

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;India (continued) | &nbsp;&nbsp;India (continued) | &nbsp;&nbsp;India (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infosys | &nbsp;&nbsp;&nbsp;&nbsp;194341 | &nbsp;&nbsp;$3499864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infosys ADR | &nbsp;&nbsp;&nbsp;&nbsp;36998 | &nbsp;&nbsp;&nbsp; 659304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intellect Design Arena | &nbsp;&nbsp;&nbsp;&nbsp;35930 | &nbsp;&nbsp;&nbsp; 388540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kirloskar Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1307 | &nbsp;&nbsp;&nbsp; 46189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nucleus Software Exports | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2228 | &nbsp;&nbsp;&nbsp; 22710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rupa & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp; 579 |
|  |  | &nbsp;&nbsp;&nbsp; 22648315 |
| &nbsp;&nbsp;Indonesia — 0.13% | &nbsp;&nbsp;Indonesia — 0.13% | &nbsp;&nbsp;Indonesia — 0.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Akasha Wira International † | &nbsp;&nbsp;&nbsp;&nbsp;37900 | &nbsp;&nbsp;&nbsp; 35059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asuransi Tugu Pratama Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;107400 | &nbsp;&nbsp;&nbsp; 7500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank OCBC Nisp | &nbsp;&nbsp;&nbsp;&nbsp;83751 | &nbsp;&nbsp;&nbsp; 6875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Bird | &nbsp;&nbsp;&nbsp;&nbsp;479300 | &nbsp;&nbsp;&nbsp; 48864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Resources | &nbsp;&nbsp;&nbsp;&nbsp;24300 | &nbsp;&nbsp;&nbsp; 39506 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indo-Rama Synthetics † | &nbsp;&nbsp;&nbsp;&nbsp;28097 | &nbsp;&nbsp;&nbsp; 4715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perusahaan Gas Negara | 2926720 | &nbsp;&nbsp;&nbsp; 334437 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samudera Indonesia | &nbsp;&nbsp;&nbsp;&nbsp;42480 | &nbsp;&nbsp;&nbsp; 996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Tractors | &nbsp;&nbsp;&nbsp;&nbsp;482700 | &nbsp;&nbsp;&nbsp; 853423 |
|  |  | &nbsp;&nbsp;&nbsp; 1331375 |
| &nbsp;&nbsp;Ireland — 3.52% | &nbsp;&nbsp;Ireland — 3.52% | &nbsp;&nbsp;Ireland — 3.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CRH | &nbsp;&nbsp;&nbsp;&nbsp;72379 | &nbsp;&nbsp;&nbsp; 8993923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Experian | &nbsp;&nbsp;&nbsp;&nbsp;141393 | &nbsp;&nbsp;&nbsp; 6374927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingspan Group | &nbsp;&nbsp;&nbsp;&nbsp;92668 | &nbsp;&nbsp;&nbsp; 7985104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ryanair Holdings ADR | &nbsp;&nbsp;&nbsp;&nbsp;170239 | &nbsp;&nbsp;&nbsp; 12289554 |
|  |  | &nbsp;&nbsp;&nbsp; 35643508 |
| &nbsp;&nbsp;Israel — 0.82% | &nbsp;&nbsp;Israel — 0.82% | &nbsp;&nbsp;Israel — 0.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Hapoalim | &nbsp;&nbsp;&nbsp;&nbsp;17255 | &nbsp;&nbsp;&nbsp; 390257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Leumi Le-Israel | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1292 | &nbsp;&nbsp;&nbsp; 28473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check Point Software Technologies † | &nbsp;&nbsp;&nbsp;&nbsp;20902 | &nbsp;&nbsp;&nbsp; 3878575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Israel Discount Bank Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2858 | &nbsp;&nbsp;&nbsp; 30351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nice ADR † | &nbsp;&nbsp;&nbsp;&nbsp;13559 | &nbsp;&nbsp;&nbsp; 1532709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phoenix Financial | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;679 | &nbsp;&nbsp;&nbsp; 28083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wix.com † | &nbsp;&nbsp;&nbsp;&nbsp;23163 | &nbsp;&nbsp;&nbsp; 2406404 |
|  |  | &nbsp;&nbsp;&nbsp; 8294852 |
| &nbsp;&nbsp;Italy — 1.67% | &nbsp;&nbsp;Italy — 1.67% | &nbsp;&nbsp;Italy — 1.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A2A | &nbsp;&nbsp;&nbsp;&nbsp;212563 | &nbsp;&nbsp;&nbsp; 575171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banca Mediolanum | &nbsp;&nbsp;&nbsp;&nbsp;64936 | &nbsp;&nbsp;&nbsp; 1474471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FinecoBank Banca Fineco | &nbsp;&nbsp;&nbsp;&nbsp;352023 | &nbsp;&nbsp;&nbsp; 9120759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hera | &nbsp;&nbsp;&nbsp;&nbsp;29491 | &nbsp;&nbsp;&nbsp; 139061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Italgas | &nbsp;&nbsp;&nbsp;&nbsp;34801 | &nbsp;&nbsp;&nbsp; 388156 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leonardo | &nbsp;&nbsp;&nbsp;&nbsp;28554 | &nbsp;&nbsp;&nbsp; 1633305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Technoprobe † | &nbsp;&nbsp;&nbsp;&nbsp;252509 | &nbsp;&nbsp;&nbsp; 3593096 |
|  |  | &nbsp;&nbsp;&nbsp; 16924019 |
| &nbsp;&nbsp;Japan — 10.37% | &nbsp;&nbsp;Japan — 10.37% | &nbsp;&nbsp;Japan — 10.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A&D HOLON Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp; 23475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Achilles | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp; 1432 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Japan (continued) | &nbsp;&nbsp;Japan (continued) | &nbsp;&nbsp;Japan (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ad-sol Nissin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;$29097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advantest | &nbsp;&nbsp;&nbsp;&nbsp;18300 | &nbsp;&nbsp;&nbsp; 2313997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Airtrip | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp; 23741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Akatsuki | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp; 45694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alps Alpine | &nbsp;&nbsp;&nbsp;&nbsp;26800 | &nbsp;&nbsp;&nbsp; 342087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anest Iwata | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp; 75107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asahi Diamond Industrial | &nbsp;&nbsp;&nbsp;&nbsp;10900 | &nbsp;&nbsp;&nbsp; 57854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Astellas Pharma | &nbsp;&nbsp;&nbsp;&nbsp;72900 | &nbsp;&nbsp;&nbsp; 970264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avant Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp; 22354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axell | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1200 | &nbsp;&nbsp;&nbsp; 9252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Saga | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp; 64560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp; 28609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BIPROGY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6700 | &nbsp;&nbsp;&nbsp; 231439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BML | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3400 | &nbsp;&nbsp;&nbsp; 83730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brother Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7600 | &nbsp;&nbsp;&nbsp; 151831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Buffalo | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp; 52526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business Brain Showa-Ota | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp; 40938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business Engineering | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp; 59903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Computer Engineering & Consulting | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4100 | &nbsp;&nbsp;&nbsp; 64134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daikyonishikawa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp; 26463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daiwa Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4700 | &nbsp;&nbsp;&nbsp; 47831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Hearts Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp; 20321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Doshisha | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp; 69643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Double Standard | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300 | &nbsp;&nbsp;&nbsp; 25485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eisai | &nbsp;&nbsp;&nbsp;&nbsp;102600 | &nbsp;&nbsp;&nbsp; 3046282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elecom | &nbsp;&nbsp;&nbsp;&nbsp;23100 | &nbsp;&nbsp;&nbsp; 254522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;en Japan | &nbsp;&nbsp;&nbsp;&nbsp;24100 | &nbsp;&nbsp;&nbsp; 237535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fabrica Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp; 32606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fujitsu | &nbsp;&nbsp;&nbsp;&nbsp;167010 | &nbsp;&nbsp;&nbsp; 4589922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Furuno Electric | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp; 91395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galilei | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp; 53469 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hisamitsu Pharmaceutical | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4900 | &nbsp;&nbsp;&nbsp; 137374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Horiba | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp; 183732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ichiken | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3100 | &nbsp;&nbsp;&nbsp; 94741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ichikoh Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9200 | &nbsp;&nbsp;&nbsp; 30200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ID Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp; 41793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iriso Electronics | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp; 51324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Itfor | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8900 | &nbsp;&nbsp;&nbsp; 97444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JAC Recruitment | &nbsp;&nbsp;&nbsp;&nbsp;21439 | &nbsp;&nbsp;&nbsp; 145687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan Exchange Group | &nbsp;&nbsp;&nbsp;&nbsp;108000 | &nbsp;&nbsp;&nbsp; 1152745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan Medical Dynamic Marketing | &nbsp;&nbsp;&nbsp;&nbsp;14400 | &nbsp;&nbsp;&nbsp; 44699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan Post Bank | &nbsp;&nbsp;&nbsp;&nbsp;98100 | &nbsp;&nbsp;&nbsp; 1380961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan Post Holdings | &nbsp;&nbsp;&nbsp;&nbsp;134000 | &nbsp;&nbsp;&nbsp; 1413889 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan System Techniques | &nbsp;&nbsp;&nbsp;&nbsp;19600 | &nbsp;&nbsp;&nbsp; 315211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JK Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp; 31027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kanamoto | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp; 97551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keyence | &nbsp;&nbsp;&nbsp;&nbsp;12800 | &nbsp;&nbsp;&nbsp; 4630080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kita-Nippon Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp; 63484 |

---

4 NQ- OPTIE [1225] 0226 (5191660)

------

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Japan (continued) | &nbsp;&nbsp;Japan (continued) | &nbsp;&nbsp;Japan (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kitz | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8000 | &nbsp;&nbsp;$89143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNT-CT Holdings † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5100 | &nbsp;&nbsp;&nbsp; 53374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Koa | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500 | &nbsp;&nbsp;&nbsp; 56782 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lasertec | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp; 95271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LIFULL | &nbsp;&nbsp;&nbsp;&nbsp;13500 | &nbsp;&nbsp;&nbsp; 15334 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MarkLines | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp; 19246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvelous | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9000 | &nbsp;&nbsp;&nbsp; 29161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maxell | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9300 | &nbsp;&nbsp;&nbsp; 142589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mazda Motor | &nbsp;&nbsp;&nbsp;&nbsp;69000 | &nbsp;&nbsp;&nbsp; 532833 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Miroku Jyoho Service | &nbsp;&nbsp;&nbsp;&nbsp;14900 | &nbsp;&nbsp;&nbsp; 189276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitani Sangyo | &nbsp;&nbsp;&nbsp;&nbsp;10400 | &nbsp;&nbsp;&nbsp; 37567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi Materials | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6900 | &nbsp;&nbsp;&nbsp; 161946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi Research Institute | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6400 | &nbsp;&nbsp;&nbsp; 203785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MIXI | &nbsp;&nbsp;&nbsp;&nbsp;19200 | &nbsp;&nbsp;&nbsp; 333842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;99000 | &nbsp;&nbsp;&nbsp; 3612962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Forward † | &nbsp;&nbsp;&nbsp;&nbsp;102900 | &nbsp;&nbsp;&nbsp; 3061354 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MonotaRO | &nbsp;&nbsp;&nbsp;&nbsp;266200 | &nbsp;&nbsp;&nbsp; 4238759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moriroku | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp; 71694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NEC | &nbsp;&nbsp;&nbsp;&nbsp;44400 | &nbsp;&nbsp;&nbsp; 1502296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NEOJAPAN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500 | &nbsp;&nbsp;&nbsp; 40501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nexon | &nbsp;&nbsp;&nbsp;&nbsp;27000 | &nbsp;&nbsp;&nbsp; 659515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nihon M&A Center Holdings | &nbsp;&nbsp;&nbsp;&nbsp;845900 | &nbsp;&nbsp;&nbsp; 3884047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nintendo | &nbsp;&nbsp;&nbsp;&nbsp;37700 | &nbsp;&nbsp;&nbsp; 2545299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nippon Paint Holdings | &nbsp;&nbsp;&nbsp;&nbsp;461600 | &nbsp;&nbsp;&nbsp; 3090751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nippon Shinyaku | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5400 | &nbsp;&nbsp;&nbsp; 194587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nisso Holdings | &nbsp;&nbsp;&nbsp;&nbsp;14500 | &nbsp;&nbsp;&nbsp; 65995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nitto Seiko | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000 | &nbsp;&nbsp;&nbsp; 27203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nomura Holdings | &nbsp;&nbsp;&nbsp;&nbsp;314200 | &nbsp;&nbsp;&nbsp; 2617434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Okinawa Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp; 112412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Olympus | &nbsp;&nbsp;&nbsp;&nbsp;243400 | &nbsp;&nbsp;&nbsp; 3086131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ono Pharmaceutical | &nbsp;&nbsp;&nbsp;&nbsp;32400 | &nbsp;&nbsp;&nbsp; 448883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optex Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5200 | &nbsp;&nbsp;&nbsp; 84954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Optim † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3900 | &nbsp;&nbsp;&nbsp; 12559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oro | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1600 | &nbsp;&nbsp;&nbsp; 21440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Osaki Electric | &nbsp;&nbsp;&nbsp;&nbsp;12200 | &nbsp;&nbsp;&nbsp; 96852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Otsuka | &nbsp;&nbsp;&nbsp;&nbsp;47700 | &nbsp;&nbsp;&nbsp; 982887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PR Times | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp; 38929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Recruit Holdings | &nbsp;&nbsp;&nbsp;&nbsp;142500 | &nbsp;&nbsp;&nbsp; 8007300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rheon Automatic Machinery | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp; 41803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ricoh | &nbsp;&nbsp;&nbsp;&nbsp;109900 | &nbsp;&nbsp;&nbsp; 967014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCREEN Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4800 | &nbsp;&nbsp;&nbsp; 467541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seiko Epson | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5500 | &nbsp;&nbsp;&nbsp; 69708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sekisui Kasei † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7100 | &nbsp;&nbsp;&nbsp; 18105 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SEMITEC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | &nbsp;&nbsp;&nbsp; 26720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SERAKU | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1100 | &nbsp;&nbsp;&nbsp; 10751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shikoku Bank | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500 | &nbsp;&nbsp;&nbsp; 50557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shimano | &nbsp;&nbsp;&nbsp;&nbsp;39500 | &nbsp;&nbsp;&nbsp; 4130555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shindengen Electric Manufacturing | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp; 30099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SMC | &nbsp;&nbsp;&nbsp;&nbsp;13400 | &nbsp;&nbsp;&nbsp; 4636412 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Japan (continued) | &nbsp;&nbsp;Japan (continued) | &nbsp;&nbsp;Japan (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SMK | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300 | &nbsp;&nbsp;$21893 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Socionext | &nbsp;&nbsp;&nbsp;&nbsp;10000 | &nbsp;&nbsp;&nbsp; 140106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sodick | &nbsp;&nbsp;&nbsp;&nbsp;12100 | &nbsp;&nbsp;&nbsp; 74299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Softcreate Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2100 | &nbsp;&nbsp;&nbsp; 28986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sony Financial Group † | 2360500 | &nbsp;&nbsp;&nbsp; 2501551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sony Group | &nbsp;&nbsp;&nbsp;&nbsp;388700 | &nbsp;&nbsp;&nbsp; 9970539 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SRA Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | &nbsp;&nbsp;&nbsp; 67092 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Metal Mining | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3800 | &nbsp;&nbsp;&nbsp; 152166 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Mitsui Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;104700 | &nbsp;&nbsp;&nbsp; 3367300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;System Research | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp; 54397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;System Support Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2800 | &nbsp;&nbsp;&nbsp; 25836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tachi-S | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500 | &nbsp;&nbsp;&nbsp; 33272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tamura | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8600 | &nbsp;&nbsp;&nbsp; 33343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taoka Chemical | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3300 | &nbsp;&nbsp;&nbsp; 26030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TIS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3700 | &nbsp;&nbsp;&nbsp; 124304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tochigi Bank | &nbsp;&nbsp;&nbsp;&nbsp;15400 | &nbsp;&nbsp;&nbsp; 71405 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tokyo Electron | &nbsp;&nbsp;&nbsp;&nbsp;37000 | &nbsp;&nbsp;&nbsp; 8240913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toli | &nbsp;&nbsp;&nbsp;&nbsp;12100 | &nbsp;&nbsp;&nbsp; 57449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Topy Industries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | &nbsp;&nbsp;&nbsp; 59356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyo Kanetsu | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5800 | &nbsp;&nbsp;&nbsp; 91944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trend Micro † | &nbsp;&nbsp;&nbsp;&nbsp;34500 | &nbsp;&nbsp;&nbsp; 1432863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tsubakimoto Chain | &nbsp;&nbsp;&nbsp;&nbsp;13800 | &nbsp;&nbsp;&nbsp; 203771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ubicom Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4200 | &nbsp;&nbsp;&nbsp; 27940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uchida Yoko | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp; 41031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unicharm | &nbsp;&nbsp;&nbsp;&nbsp;563800 | &nbsp;&nbsp;&nbsp; 3221406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unipres | &nbsp;&nbsp;&nbsp;&nbsp;11000 | &nbsp;&nbsp;&nbsp; 90203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;V Technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1700 | &nbsp;&nbsp;&nbsp; 32290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ValueCommerce | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400 | &nbsp;&nbsp;&nbsp; 10199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vector | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp; 55099 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yamaichi Electronics | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000 | &nbsp;&nbsp;&nbsp; 149183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yokogawa Electric | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8200 | &nbsp;&nbsp;&nbsp; 262979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yokowo | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3600 | &nbsp;&nbsp;&nbsp; 51856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yushin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6700 | &nbsp;&nbsp;&nbsp; 30430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zenrin | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7200 | &nbsp;&nbsp;&nbsp; 48452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZIGExN | &nbsp;&nbsp;&nbsp;&nbsp;29300 | &nbsp;&nbsp;&nbsp; 89920 |
|  |  | &nbsp;&nbsp;&nbsp; 104903401 |
| &nbsp;&nbsp;Kazakhstan — 0.34% | &nbsp;&nbsp;Kazakhstan — 0.34% | &nbsp;&nbsp;Kazakhstan — 0.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kaspi.KZ JSC ADR † | &nbsp;&nbsp;&nbsp;&nbsp;43566 | &nbsp;&nbsp;&nbsp; 3403812 |
|  |  | &nbsp;&nbsp;&nbsp; 3403812 |
| &nbsp;&nbsp;Malaysia — 0.02% | &nbsp;&nbsp;Malaysia — 0.02% | &nbsp;&nbsp;Malaysia — 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 Speed Mart Retail Holdings | &nbsp;&nbsp;&nbsp;&nbsp;141200 | &nbsp;&nbsp;&nbsp; 132468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hap Seng Plantations Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6900 | &nbsp;&nbsp;&nbsp; 3690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lingkaran Trans Kota Holdings =, † | &nbsp;&nbsp;&nbsp;&nbsp;42600 | &nbsp;&nbsp;&nbsp; 39 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magni-Tech Industries | &nbsp;&nbsp;&nbsp;&nbsp;23269 | &nbsp;&nbsp;&nbsp; 11915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petronas Dagangan | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp; 27529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ta Ann Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2931 | &nbsp;&nbsp;&nbsp; 3002 |
|  |  | &nbsp;&nbsp;&nbsp; 178643 |

---

NQ- OPTIE [1225] 0226 (5191660) 5

------

Optimum International Fund

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Mexico — 0.31% | &nbsp;&nbsp;Mexico — 0.31% | &nbsp;&nbsp;Mexico — 0.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cemex ADR | &nbsp;&nbsp;&nbsp;&nbsp;72011 | &nbsp;&nbsp;$827406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fresnillo | &nbsp;&nbsp;&nbsp;&nbsp;51712 | &nbsp;&nbsp;&nbsp; 2305862 |
|  |  | &nbsp;&nbsp;&nbsp; 3133268 |
| &nbsp;&nbsp;Monaco — 0.03% | &nbsp;&nbsp;Monaco — 0.03% | &nbsp;&nbsp;Monaco — 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costamare | &nbsp;&nbsp;&nbsp;&nbsp;20632 | &nbsp;&nbsp;&nbsp; 325779 |
|  |  | &nbsp;&nbsp;&nbsp; 325779 |
| &nbsp;&nbsp;Netherlands — 5.15% | &nbsp;&nbsp;Netherlands — 5.15% | &nbsp;&nbsp;Netherlands — 5.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ABN AMRO Bank CVA | &nbsp;&nbsp;&nbsp;&nbsp;190169 | &nbsp;&nbsp;&nbsp; 6644294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adyen † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4392 | &nbsp;&nbsp;&nbsp; 7082428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7596 | &nbsp;&nbsp;&nbsp; 8184843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3562 | &nbsp;&nbsp;&nbsp; 3810841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Euronext | &nbsp;&nbsp;&nbsp;&nbsp;12441 | &nbsp;&nbsp;&nbsp; 1868862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HAL Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349 | &nbsp;&nbsp;&nbsp; 57930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMCD | &nbsp;&nbsp;&nbsp;&nbsp;48841 | &nbsp;&nbsp;&nbsp; 4432927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ING Groep | &nbsp;&nbsp;&nbsp;&nbsp;347125 | &nbsp;&nbsp;&nbsp; 9757071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magnum Ice Cream † | &nbsp;&nbsp;&nbsp;&nbsp;165577 | &nbsp;&nbsp;&nbsp; 2628057 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NN Group | &nbsp;&nbsp;&nbsp;&nbsp;49301 | &nbsp;&nbsp;&nbsp; 3803308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Topicus.com † | &nbsp;&nbsp;&nbsp;&nbsp;30452 | &nbsp;&nbsp;&nbsp; 2821006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wolters Kluwer | &nbsp;&nbsp;&nbsp;&nbsp;10175 | &nbsp;&nbsp;&nbsp; 1053891 |
|  |  | &nbsp;&nbsp;&nbsp; 52145458 |
| &nbsp;&nbsp;Norway — 0.34% | &nbsp;&nbsp;Norway — 0.34% | &nbsp;&nbsp;Norway — 0.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norsk Hydro | &nbsp;&nbsp;&nbsp;&nbsp;10837 | &nbsp;&nbsp;&nbsp; 83653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salmar | &nbsp;&nbsp;&nbsp;&nbsp;54714 | &nbsp;&nbsp;&nbsp; 3344018 |
|  |  | &nbsp;&nbsp;&nbsp; 3427671 |
| &nbsp;&nbsp;Panama — 0.34% | &nbsp;&nbsp;Panama — 0.34% | &nbsp;&nbsp;Panama — 0.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copa Holdings Class A | &nbsp;&nbsp;&nbsp;&nbsp;28836 | &nbsp;&nbsp;&nbsp; 3477910 |
|  |  | &nbsp;&nbsp;&nbsp; 3477910 |
| &nbsp;&nbsp;Peru — 0.10% | &nbsp;&nbsp;Peru — 0.10% | &nbsp;&nbsp;Peru — 0.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credicorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2859 | &nbsp;&nbsp;&nbsp; 820533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercorp Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5386 | &nbsp;&nbsp;&nbsp; 228151 |
|  |  | &nbsp;&nbsp;&nbsp; 1048684 |
| &nbsp;&nbsp;Philippines — 0.02% | &nbsp;&nbsp;Philippines — 0.02% | &nbsp;&nbsp;Philippines — 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ginebra San Miguel | &nbsp;&nbsp;&nbsp;&nbsp;31190 | &nbsp;&nbsp;&nbsp; 156394 |
|  |  | &nbsp;&nbsp;&nbsp; 156394 |
| &nbsp;&nbsp;Poland — 1.61% | &nbsp;&nbsp;Poland — 1.61% | &nbsp;&nbsp;Poland — 1.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11 bit studios † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913 | &nbsp;&nbsp;&nbsp; 36548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asseco Poland | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3648 | &nbsp;&nbsp;&nbsp; 231100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Polska Kasa Opieki | &nbsp;&nbsp;&nbsp;&nbsp;49953 | &nbsp;&nbsp;&nbsp; 2833417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CD Projekt | &nbsp;&nbsp;&nbsp;&nbsp;20292 | &nbsp;&nbsp;&nbsp; 1355626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KGHM Polska Miedz † | &nbsp;&nbsp;&nbsp;&nbsp;33191 | &nbsp;&nbsp;&nbsp; 2578877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ORLEN | &nbsp;&nbsp;&nbsp;&nbsp;207952 | &nbsp;&nbsp;&nbsp; 5551639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PGE Polska Grupa Energetyczna † | &nbsp;&nbsp;&nbsp;&nbsp;494362 | &nbsp;&nbsp;&nbsp; 1208203 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Powszechny Zaklad Ubezpieczen | &nbsp;&nbsp;&nbsp;&nbsp;88044 | &nbsp;&nbsp;&nbsp; 1629646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tauron Polska Energia † | &nbsp;&nbsp;&nbsp;&nbsp;109198 | &nbsp;&nbsp;&nbsp; 262242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unimot | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192 | &nbsp;&nbsp;&nbsp; 6953 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Poland (continued) | &nbsp;&nbsp;Poland (continued) | &nbsp;&nbsp;Poland (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XTB | &nbsp;&nbsp;&nbsp;&nbsp;31993 | &nbsp;&nbsp;$638638 |
|  |  | &nbsp;&nbsp;&nbsp; 16332889 |
| &nbsp;&nbsp;Russia — 0.00% | &nbsp;&nbsp;Russia — 0.00% | &nbsp;&nbsp;Russia — 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GMK Norilskiy Nickel =, † | 1009500 | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MMC Norilsk Nickel PJSC ADR =, † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp; 0 |
|  |  | &nbsp;&nbsp;&nbsp; 0 |
| &nbsp;&nbsp;Singapore — 1.67% | &nbsp;&nbsp;Singapore — 1.67% | &nbsp;&nbsp;Singapore — 1.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Addvalue Technologies † | 1013900 | &nbsp;&nbsp;&nbsp; 55947 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CNMC Goldmine Holdings | &nbsp;&nbsp;&nbsp;&nbsp;174700 | &nbsp;&nbsp;&nbsp; 140487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSE Global | &nbsp;&nbsp;&nbsp;&nbsp;322000 | &nbsp;&nbsp;&nbsp; 246022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hafnia | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4045 | &nbsp;&nbsp;&nbsp; 21788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samudera Shipping Line | &nbsp;&nbsp;&nbsp;&nbsp;237400 | &nbsp;&nbsp;&nbsp; 221350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sea ADR † | &nbsp;&nbsp;&nbsp;&nbsp;43834 | &nbsp;&nbsp;&nbsp; 5591903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore Exchange | &nbsp;&nbsp;&nbsp;&nbsp;221097 | &nbsp;&nbsp;&nbsp; 2910507 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore Telecommunications | &nbsp;&nbsp;&nbsp;&nbsp;848900 | &nbsp;&nbsp;&nbsp; 3003407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Overseas Bank | &nbsp;&nbsp;&nbsp;&nbsp;171000 | &nbsp;&nbsp;&nbsp; 4657276 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UOB-Kay Hian Holdings | &nbsp;&nbsp;&nbsp;&nbsp;26500 | &nbsp;&nbsp;&nbsp; 52931 |
|  |  | &nbsp;&nbsp;&nbsp; 16901618 |
| &nbsp;&nbsp;South Africa — 1.25% | &nbsp;&nbsp;South Africa — 1.25% | &nbsp;&nbsp;South Africa — 1.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Discovery | &nbsp;&nbsp;&nbsp;&nbsp;541382 | &nbsp;&nbsp;&nbsp; 7440079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gold Fields | &nbsp;&nbsp;&nbsp;&nbsp;29273 | &nbsp;&nbsp;&nbsp; 1276373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Harmony Gold Mining ADR | &nbsp;&nbsp;&nbsp;&nbsp;38834 | &nbsp;&nbsp;&nbsp; 772797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impala Platinum Holdings | &nbsp;&nbsp;&nbsp;&nbsp;32635 | &nbsp;&nbsp;&nbsp; 512864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kumba Iron Ore | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3385 | &nbsp;&nbsp;&nbsp; 71844 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sasol † | &nbsp;&nbsp;&nbsp;&nbsp;94884 | &nbsp;&nbsp;&nbsp; 605404 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sibanye Stillwater † | &nbsp;&nbsp;&nbsp;&nbsp;294377 | &nbsp;&nbsp;&nbsp; 1073240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sibanye Stillwater ADR † | &nbsp;&nbsp;&nbsp;&nbsp;61405 | &nbsp;&nbsp;&nbsp; 875021 |
|  |  | &nbsp;&nbsp;&nbsp; 12627622 |
| &nbsp;&nbsp;South Korea — 5.88% | &nbsp;&nbsp;South Korea — 5.88% | &nbsp;&nbsp;South Korea — 5.88% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNK Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;55107 | &nbsp;&nbsp;&nbsp; 606376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coupang † | &nbsp;&nbsp;&nbsp;&nbsp;155646 | &nbsp;&nbsp;&nbsp; 3671689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crown Confectionery | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1504 | &nbsp;&nbsp;&nbsp; 9179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DIT | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4456 | &nbsp;&nbsp;&nbsp; 45082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dongkuk Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8958 | &nbsp;&nbsp;&nbsp; 46327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eugene Technology | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3281 | &nbsp;&nbsp;&nbsp; 170197 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exem † | &nbsp;&nbsp;&nbsp;&nbsp;20232 | &nbsp;&nbsp;&nbsp; 27626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hana Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;56438 | &nbsp;&nbsp;&nbsp; 3682387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hansol IONES † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4890 | &nbsp;&nbsp;&nbsp; 40655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hyundai Glovis | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1701 | &nbsp;&nbsp;&nbsp; 213510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JB Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;22329 | &nbsp;&nbsp;&nbsp; 397583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jin Air † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8976 | &nbsp;&nbsp;&nbsp; 43142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KB Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;18646 | &nbsp;&nbsp;&nbsp; 1605135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KG Chemical | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7227 | &nbsp;&nbsp;&nbsp; 26429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Korea Electric Power | &nbsp;&nbsp;&nbsp;&nbsp;26843 | &nbsp;&nbsp;&nbsp; 880979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Korean Reinsurance | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1886 | &nbsp;&nbsp;&nbsp; 15111 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KT | &nbsp;&nbsp;&nbsp;&nbsp;14694 | &nbsp;&nbsp;&nbsp; 536112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KT ADR | &nbsp;&nbsp;&nbsp;&nbsp;51337 | &nbsp;&nbsp;&nbsp; 973863 |

---

6 NQ- OPTIE [1225] 0226 (5191660)

------

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;South Korea (continued) | &nbsp;&nbsp;South Korea (continued) | &nbsp;&nbsp;South Korea (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LG Electronics | &nbsp;&nbsp;&nbsp;&nbsp;22703 | &nbsp;&nbsp;$1448639 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LG Innotek | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6596 | &nbsp;&nbsp;&nbsp; 1240496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LOT Vacuum † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3978 | &nbsp;&nbsp;&nbsp; 34265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Namuga | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2527 | &nbsp;&nbsp;&nbsp; 30585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAVER | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4367 | &nbsp;&nbsp;&nbsp; 734100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NCSoft | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1283 | &nbsp;&nbsp;&nbsp; 179653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neowiz † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1294 | &nbsp;&nbsp;&nbsp; 21804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PSK | &nbsp;&nbsp;&nbsp;&nbsp;24845 | &nbsp;&nbsp;&nbsp; 636569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sambo Corrugated Board † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;807 | &nbsp;&nbsp;&nbsp; 5406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics | &nbsp;&nbsp;&nbsp;&nbsp;349335 | &nbsp;&nbsp;&nbsp; 29279478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SeAH Holdings | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268 | &nbsp;&nbsp;&nbsp; 26790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seoul Semiconductor † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6520 | &nbsp;&nbsp;&nbsp; 28085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shinhan Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;27704 | &nbsp;&nbsp;&nbsp; 1475232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SK Hynix | &nbsp;&nbsp;&nbsp;&nbsp;20520 | &nbsp;&nbsp;&nbsp; 9293060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TES | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3012 | &nbsp;&nbsp;&nbsp; 92959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Semiconductor Equipment & Materials | &nbsp;&nbsp;&nbsp;&nbsp;20200 | &nbsp;&nbsp;&nbsp; 135209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WiSoL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9881 | &nbsp;&nbsp;&nbsp; 39366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WONIK IPS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4138 | &nbsp;&nbsp;&nbsp; 194896 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Woori Financial Group | &nbsp;&nbsp;&nbsp;&nbsp;82927 | &nbsp;&nbsp;&nbsp; 1609565 |
|  |  | &nbsp;&nbsp;&nbsp; 59497539 |
| &nbsp;&nbsp;Spain — 2.18% | &nbsp;&nbsp;Spain — 2.18% | &nbsp;&nbsp;Spain — 2.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Bilbao Vizcaya Argentaria | &nbsp;&nbsp;&nbsp;&nbsp;572684 | &nbsp;&nbsp;&nbsp; 13433575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Santander | &nbsp;&nbsp;&nbsp;&nbsp;74259 | &nbsp;&nbsp;&nbsp; 874065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CaixaBank | &nbsp;&nbsp;&nbsp;&nbsp;535224 | &nbsp;&nbsp;&nbsp; 6543715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endesa | &nbsp;&nbsp;&nbsp;&nbsp;26831 | &nbsp;&nbsp;&nbsp; 965819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Logista Integral | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5763 | &nbsp;&nbsp;&nbsp; 203787 |
|  |  | &nbsp;&nbsp;&nbsp; 22020961 |
| &nbsp;&nbsp;Sweden — 1.77% | &nbsp;&nbsp;Sweden — 1.77% | &nbsp;&nbsp;Sweden — 1.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlas Copco Class B | &nbsp;&nbsp;&nbsp;&nbsp;383882 | &nbsp;&nbsp;&nbsp; 6137013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boliden † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1362 | &nbsp;&nbsp;&nbsp; 75450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Careium † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276 | &nbsp;&nbsp;&nbsp; 714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MIPS | &nbsp;&nbsp;&nbsp;&nbsp;41887 | &nbsp;&nbsp;&nbsp; 1598352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paradox Interactive | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skandinaviska Enskilda Banken Class A | &nbsp;&nbsp;&nbsp;&nbsp;176408 | &nbsp;&nbsp;&nbsp; 3719332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telefonaktiebolaget LM Ericsson ADR | &nbsp;&nbsp;&nbsp;&nbsp;656336 | &nbsp;&nbsp;&nbsp; 6333642 |
|  |  | &nbsp;&nbsp;&nbsp; 17864573 |
| &nbsp;&nbsp;Switzerland — 8.06% | &nbsp;&nbsp;Switzerland — 8.06% | &nbsp;&nbsp;Switzerland — 8.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ABB | &nbsp;&nbsp;&nbsp;&nbsp;126555 | &nbsp;&nbsp;&nbsp; 9329325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cie Financiere Richemont Class A | &nbsp;&nbsp;&nbsp;&nbsp;21937 | &nbsp;&nbsp;&nbsp; 4730737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galderma Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9728 | &nbsp;&nbsp;&nbsp; 1980941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Logitech International | &nbsp;&nbsp;&nbsp;&nbsp;70957 | &nbsp;&nbsp;&nbsp; 7203416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novartis | &nbsp;&nbsp;&nbsp;&nbsp;119435 | &nbsp;&nbsp;&nbsp; 16457665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roche Holding | &nbsp;&nbsp;&nbsp;&nbsp;62786 | &nbsp;&nbsp;&nbsp; 25928752 |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Switzerland (continued) | &nbsp;&nbsp;Switzerland (continued) | &nbsp;&nbsp;Switzerland (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sandoz Group | &nbsp;&nbsp;&nbsp;&nbsp;112278 | &nbsp;&nbsp;$8152076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schindler Holding | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1460 | &nbsp;&nbsp;&nbsp; 549055 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Temenos | &nbsp;&nbsp;&nbsp;&nbsp;11284 | &nbsp;&nbsp;&nbsp; 1122215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UBS Group | &nbsp;&nbsp;&nbsp;&nbsp;114307 | &nbsp;&nbsp;&nbsp; 5278080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zehnder Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7783 | &nbsp;&nbsp;&nbsp; 794330 |
|  |  | &nbsp;&nbsp;&nbsp; 81526592 |
| &nbsp;&nbsp;Taiwan — 8.25% | &nbsp;&nbsp;Taiwan — 8.25% | &nbsp;&nbsp;Taiwan — 8.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anpec Electronics | &nbsp;&nbsp;&nbsp;&nbsp;19000 | &nbsp;&nbsp;&nbsp; 130319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcadyan Technology | &nbsp;&nbsp;&nbsp;&nbsp;207000 | &nbsp;&nbsp;&nbsp; 1144199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asustek Computer | &nbsp;&nbsp;&nbsp;&nbsp;231000 | &nbsp;&nbsp;&nbsp; 4015410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Azurewave Technologies | &nbsp;&nbsp;&nbsp;&nbsp;16000 | &nbsp;&nbsp;&nbsp; 30664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ChipMOS Technologies | 1161000 | &nbsp;&nbsp;&nbsp; 1740402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delta Electronics | &nbsp;&nbsp;&nbsp;&nbsp;87000 | &nbsp;&nbsp;&nbsp; 2653845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elan Microelectronics | &nbsp;&nbsp;&nbsp;&nbsp;46000 | &nbsp;&nbsp;&nbsp; 173229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ennoconn | &nbsp;&nbsp;&nbsp;&nbsp;25000 | &nbsp;&nbsp;&nbsp; 227794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evergreen Marine Taiwan | &nbsp;&nbsp;&nbsp;&nbsp;458000 | &nbsp;&nbsp;&nbsp; 2762864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everlight Electronics | &nbsp;&nbsp;&nbsp;&nbsp;59000 | &nbsp;&nbsp;&nbsp; 103656 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genesys Logic | &nbsp;&nbsp;&nbsp;&nbsp;51000 | &nbsp;&nbsp;&nbsp; 151528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hon Hai Precision Industry | &nbsp;&nbsp;&nbsp;&nbsp;123000 | &nbsp;&nbsp;&nbsp; 901630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Games System | &nbsp;&nbsp;&nbsp;&nbsp;52000 | &nbsp;&nbsp;&nbsp; 1193069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ITE Technology | &nbsp;&nbsp;&nbsp;&nbsp;136000 | &nbsp;&nbsp;&nbsp; 496763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kinsus Interconnect Technology | &nbsp;&nbsp;&nbsp;&nbsp;109000 | &nbsp;&nbsp;&nbsp; 548401 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MediaTek | &nbsp;&nbsp;&nbsp;&nbsp;251000 | &nbsp;&nbsp;&nbsp; 11396703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MPI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | &nbsp;&nbsp;&nbsp; 357472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novatek Microelectronics | &nbsp;&nbsp;&nbsp;&nbsp;118000 | &nbsp;&nbsp;&nbsp; 1402969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nuvoton Technology | &nbsp;&nbsp;&nbsp;&nbsp;28000 | &nbsp;&nbsp;&nbsp; 45389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parade Technologies | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp;&nbsp; 222435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pegatron | &nbsp;&nbsp;&nbsp;&nbsp;86000 | &nbsp;&nbsp;&nbsp; 187603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phison Electronics | &nbsp;&nbsp;&nbsp;&nbsp;40000 | &nbsp;&nbsp;&nbsp; 1843153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pixart Imaging | &nbsp;&nbsp;&nbsp;&nbsp;26000 | &nbsp;&nbsp;&nbsp; 167035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Radiant Opto-Electronics | &nbsp;&nbsp;&nbsp;&nbsp;11000 | &nbsp;&nbsp;&nbsp; 43337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realtek Semiconductor | &nbsp;&nbsp;&nbsp;&nbsp;184000 | &nbsp;&nbsp;&nbsp; 2856907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Silicon Motion Technology ADR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2181 | &nbsp;&nbsp;&nbsp; 202179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sitronix Technology | &nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp; 114391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sonix Technology | &nbsp;&nbsp;&nbsp;&nbsp;20000 | &nbsp;&nbsp;&nbsp; 20875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Puritic | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6201 | &nbsp;&nbsp;&nbsp; 98350 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing | &nbsp;&nbsp;&nbsp;&nbsp;944000 | &nbsp;&nbsp;&nbsp; 46404477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ventec International Group | &nbsp;&nbsp;&nbsp;&nbsp;12000 | &nbsp;&nbsp;&nbsp; 35257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weblink International | &nbsp;&nbsp;&nbsp;&nbsp;27298 | &nbsp;&nbsp;&nbsp; 46564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Winbond Electronics † | &nbsp;&nbsp;&nbsp;&nbsp;343000 | &nbsp;&nbsp;&nbsp; 902396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zhen Ding Technology Holding | &nbsp;&nbsp;&nbsp;&nbsp;185000 | &nbsp;&nbsp;&nbsp; 833702 |
|  |  | &nbsp;&nbsp;&nbsp; 83454967 |
| &nbsp;&nbsp;Thailand — 0.93% | &nbsp;&nbsp;Thailand — 0.93% | &nbsp;&nbsp;Thailand — 0.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bangkok Bank NVDR | &nbsp;&nbsp;&nbsp;&nbsp;887100 | &nbsp;&nbsp;&nbsp; 4769609 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kasikornbank NVDR | &nbsp;&nbsp;&nbsp;&nbsp;230747 | &nbsp;&nbsp;&nbsp; 1423186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PTT Exploration & Production NVDR | &nbsp;&nbsp;&nbsp;&nbsp;905000 | &nbsp;&nbsp;&nbsp; 3236070 |

---

NQ- OPTIE [1225] 0226 (5191660) 7

------

Optimum International Fund

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** | &nbsp;&nbsp;**Common StocksΔ (continued)** |
| &nbsp;&nbsp;Thailand (continued) | &nbsp;&nbsp;Thailand (continued) | &nbsp;&nbsp;Thailand (continued) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Susco NVDR | &nbsp;&nbsp;&nbsp;&nbsp;219300 | &nbsp;&nbsp;$14479 |
|  |  | &nbsp;&nbsp;&nbsp; 9443344 |
| &nbsp;&nbsp;Türkiye — 0.06% | &nbsp;&nbsp;Türkiye — 0.06% | &nbsp;&nbsp;Türkiye — 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eldorado Gold † | &nbsp;&nbsp;&nbsp;&nbsp;16877 | &nbsp;&nbsp;&nbsp; 606566 |
|  |  | &nbsp;&nbsp;&nbsp; 606566 |
| &nbsp;&nbsp;United Arab Emirates — 1.50% | &nbsp;&nbsp;United Arab Emirates — 1.50% | &nbsp;&nbsp;United Arab Emirates — 1.50% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abu Dhabi Commercial Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp;502384 | &nbsp;&nbsp;&nbsp; 1956052 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abu Dhabi National Oil for Distribution PJSC | &nbsp;&nbsp;&nbsp;&nbsp;191888 | &nbsp;&nbsp;&nbsp; 203761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Arabia PJSC | &nbsp;&nbsp;&nbsp;&nbsp;40391 | &nbsp;&nbsp;&nbsp; 51183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dubai Investments PJSC | &nbsp;&nbsp;&nbsp;&nbsp;34308 | &nbsp;&nbsp;&nbsp; 33370 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dubai Islamic Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp;395091 | &nbsp;&nbsp;&nbsp; 996958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emaar Properties PJSC | 1850414 | &nbsp;&nbsp;&nbsp; 7062186 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emirates NBD Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp;344711 | &nbsp;&nbsp;&nbsp; 2613900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emirates Telecommunications Group PJSC | &nbsp;&nbsp;&nbsp;&nbsp;31347 | &nbsp;&nbsp;&nbsp; 156532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Abu Dhabi Bank PJSC | &nbsp;&nbsp;&nbsp;&nbsp;439515 | &nbsp;&nbsp;&nbsp; 2087031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orascom Construction | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1344 | &nbsp;&nbsp;&nbsp; 12116 |
|  |  | &nbsp;&nbsp;&nbsp; 15173089 |
| &nbsp;&nbsp;United Kingdom — 2.71% | &nbsp;&nbsp;United Kingdom — 2.71% | &nbsp;&nbsp;United Kingdom — 2.71% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AngloGold Ashanti | &nbsp;&nbsp;&nbsp;&nbsp;22984 | &nbsp;&nbsp;&nbsp; 1960075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AstraZeneca ADR | &nbsp;&nbsp;&nbsp;&nbsp;19746 | &nbsp;&nbsp;&nbsp; 1815250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barclays ADR | &nbsp;&nbsp;&nbsp;&nbsp;307308 | &nbsp;&nbsp;&nbsp; 7820989 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centrica | &nbsp;&nbsp;&nbsp;&nbsp;142103 | &nbsp;&nbsp;&nbsp; 324003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costain Group | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9855 | &nbsp;&nbsp;&nbsp; 21201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gem Diamonds † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5047 | &nbsp;&nbsp;&nbsp; 202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greggs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;&nbsp; 428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Consolidated Airlines Group | &nbsp;&nbsp;&nbsp;&nbsp;319205 | &nbsp;&nbsp;&nbsp; 1770121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investec | &nbsp;&nbsp;&nbsp;&nbsp;289188 | &nbsp;&nbsp;&nbsp; 2133460 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NatWest Group | &nbsp;&nbsp;&nbsp;&nbsp;426077 | &nbsp;&nbsp;&nbsp; 3737668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sage Group | &nbsp;&nbsp;&nbsp;&nbsp;29901 | &nbsp;&nbsp;&nbsp; 434895 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Standard Chartered | &nbsp;&nbsp;&nbsp;&nbsp;57911 | &nbsp;&nbsp;&nbsp; 1413054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unilever | &nbsp;&nbsp;&nbsp;&nbsp;91401 | &nbsp;&nbsp;&nbsp; 5971884 |
|  |  | &nbsp;&nbsp;&nbsp; 27403230 |
| &nbsp;&nbsp;United States — 1.67% | &nbsp;&nbsp;United States — 1.67% | &nbsp;&nbsp;United States — 1.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlassian Class A † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2832 | &nbsp;&nbsp;&nbsp; 459180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP ADR | &nbsp;&nbsp;&nbsp;&nbsp;67250 | &nbsp;&nbsp;&nbsp; 2335593 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GSK ADR | &nbsp;&nbsp;&nbsp;&nbsp;96988 | &nbsp;&nbsp;&nbsp; 4756292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monday.com † | &nbsp;&nbsp;&nbsp;&nbsp;21256 | &nbsp;&nbsp;&nbsp; 3136535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spotify Technology † | &nbsp;&nbsp;&nbsp;&nbsp;10731 | &nbsp;&nbsp;&nbsp; 6231599 |
|  |  | &nbsp;&nbsp;&nbsp; 16919199 |
| &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $803,886,234)** | &nbsp;&nbsp;&nbsp;**Total Common Stocks<br> (cost $803,886,234)** | &nbsp;&nbsp;&nbsp;**1003350463** |

---

---

| | | |
|:---|:---|:---|
|  | **Number of<br> shares** | &nbsp;&nbsp;**Value (US $)** |
| &nbsp;&nbsp;**Exchange-Traded Funds — 0.10%** | &nbsp;&nbsp;**Exchange-Traded Funds — 0.10%** | &nbsp;&nbsp;**Exchange-Traded Funds — 0.10%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI Canada ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3307 | &nbsp;&nbsp;$178347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iShares MSCI Emerging Markets ETF | &nbsp;&nbsp;&nbsp;&nbsp;14720 | &nbsp;&nbsp;&nbsp; 805331 |
| &nbsp;&nbsp;&nbsp;**Total Exchange-Traded Funds<br> (cost $758,022)** | &nbsp;&nbsp;&nbsp;**Total Exchange-Traded Funds<br> (cost $758,022)** | &nbsp;&nbsp;&nbsp; **983678** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Warrants — 0.00%Δ** | &nbsp;&nbsp;**Warrants — 0.00%Δ** | &nbsp;&nbsp;**Warrants — 0.00%Δ** |
| &nbsp;&nbsp;Canada — 0.00% | &nbsp;&nbsp;Canada — 0.00% | &nbsp;&nbsp;Canada — 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Software =, † | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2870 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp;**Total Warrants<br> (cost $0)** | &nbsp;&nbsp;&nbsp;**Total Warrants<br> (cost $0)** | &nbsp;&nbsp; **0** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Short-Term Investments — 0.53%** | &nbsp;&nbsp;**Short-Term Investments — 0.53%** | &nbsp;&nbsp;**Short-Term Investments — 0.53%** |
| &nbsp;&nbsp;Money Market Mutual Funds — 0.53% | &nbsp;&nbsp;Money Market Mutual Funds — 0.53% | &nbsp;&nbsp;Money Market Mutual Funds — 0.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 3.65%) | 1331840 | &nbsp;&nbsp;&nbsp; 1331840 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 3.67%) | 1331839 | &nbsp;&nbsp;&nbsp; 1331839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 3.68%) | 1331839 | &nbsp;&nbsp;&nbsp; 1331839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 3.69%) | 1331839 | &nbsp;&nbsp;&nbsp; 1331839 |
| &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $5,327,357)** | &nbsp;&nbsp;&nbsp;**Total Short-Term Investments<br> (cost $5,327,357)** | &nbsp;&nbsp;&nbsp; **5327357** |
| &nbsp;&nbsp;&nbsp;**Total Value of Securities—99.80%<br> (cost $809,971,613)** |  | &nbsp;&nbsp;&nbsp;**1009661498** |
| &nbsp;&nbsp;&nbsp;**Receivables and Other Assets Net of Liabilities — 0.20%** |  | &nbsp;&nbsp;&nbsp; **2070131** |
| &nbsp;&nbsp;&nbsp;**Net Assets Applicable to 64,248,119 Shares Outstanding — 100.00%** |  | &nbsp;&nbsp;**$1011731629** |

---

Δ Securities have been classified by country of risk. <br> † Non-income producing security. <br> = The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security.

8 NQ- OPTIE [1225] 0226 (5191660)

------

---

| | |
|:---|:---|
| π | Restricted security. These investments are in securities not registered under the Securities Act of 1933, as amended, and have certain restrictions on resale which may limit their liquidity. At December 31, 2025, the aggregate value of restricted securities was $109,548, which represented 0.01% of the Fund's net assets. See table below for additional details on restricted securities. |

---

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** |  |  |  |
| Investments | Date of Acquisition | Cost | Value |
| Acevector Limited | &nbsp;&nbsp;&nbsp;&nbsp;5/7/14 | &nbsp;&nbsp;$999482 | &nbsp;&nbsp;$82306 |
| Acevector Limited Series G | 10/29/14 | &nbsp;&nbsp;&nbsp;&nbsp;396443 | &nbsp;&nbsp;&nbsp;&nbsp;27242 |
| Total |  | $1395925 | $109548 |

---

---

| |
|:---|
| **Summary of abbreviations:** |
| ADR – American Depositary Receipt |
| CVA – Certified Dutch Certificate |
| ETF – Exchange-Traded Fund |
| JSC – Joint Stock Company |
| MSCI – Morgan Stanley Capital International |
| NVDR – Non-Voting Depositary Receipt |
| PJSC – Private Joint Stock Company |

---

NQ- OPTIE [1225] 0226 (5191660) 9

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Optimum Fund Trust

- **b. Investment Company Act file number:** 811-21335

- **c. CIK number of Registrant:** 0001227523

- **d. LEI of Registrant:** 54930035OPW530FG2N40

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

  - **Street Address 1:** 100 Independence

  - **City:** Philadelphia

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19106

  - **Telephone number:** 215-255-1200

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

- **a. Name of Series:** Optimum International Fund

- **b. EDGAR series identifier (if any):** S000002421

- **c. LEI of Series:** YX18FBJ0G1XPG3JCXN26

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

- **a. Date of fiscal year-end:** 2026-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1014209828.18

**Total Liabilities:** $2629380.89

**Net Assets:** $1011580447.29

**Cash Not Reported:** $254600.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006447 | 0.20%                | -0.39%               | 3.37%                |
| Class ID C000006449 | 0.13%                | -0.46%               | 3.29%                |
| Class ID C000006450 | 0.19%                | -0.39%               | 3.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1279326.78              | $1285323.02                                |
| Month 2  | $5945267.35              | $-9651635.11                               |
| Month 3  | $3927019.30              | $29576000.22                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NATWEST GROUP PLC                              | JPY/USD FORWARD                                              | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-221.23      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                          | Spotify Technology SA                                        | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | SE        |     10731 | NS      | $6231599.01   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegatron Corp                                  | Pegatron Corp                                                | CUSIP: 000000000<br>LEI: 529900M87JQS8TUO0L66 | Long             | EC               | CORP              | TW        |     86000 | NS      | $187603.19    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Wagners Holding Co Ltd                         | Wagners Holding Co Ltd                                       | CUSIP: 000000000<br>LEI: 549300870JR461HY2844 | Long             | EC               | CORP              | AU        |     18860 | NS      | $45184.53     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Trend Micro Inc/Japan                          | Trend Micro Inc/Japan                                        | CUSIP: 000000000<br>LEI: 3538005O5UJ5RNAGVE16 | Long             | EC               | CORP              | JP        |     34500 | NS      | $1432863.53   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Logista Integral SA                            | Logista Integral SA                                          | CUSIP: 000000000<br>LEI: 9598000ANNAL42UJ7X28 | Long             | EC               | CORP              | ES        |      5763 | NS      | $203787.53    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                | ASML Holding NV                                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3562 | NS      | $3810841.32   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ChipMOS Technologies Inc                       | ChipMOS Technologies Inc                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |   1161000 | NS      | $1740402.02   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                            | Kuaishou Technology                                          | CUSIP: 000000000<br>LEI: 300300FCDZBE6UP9ED24 | Long             | EC               | CORP              | CN        |    599800 | NS      | $4958193.40   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Hana Financial Group Inc                       | Hana Financial Group Inc                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     56438 | NS      | $3682386.70   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Ichiken Co Ltd                                 | Ichiken Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3100 | NS      | $94741.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Changhong Meiling Co Ltd                       | Changhong Meiling Co Ltd                                     | CUSIP: 000000000<br>LEI: 300300QBGXR1II3SZZ74 | Long             | EC               | CORP              | CN        |    150400 | NS      | $140967.49    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Lundin Mining Corp                             | Lundin Mining Corp                                           | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    248033 | NS      | $5330934.03   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                              | NatWest Group PLC                                            | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    426077 | NS      | $3737667.61   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Paramount Resources Ltd                        | Paramount Resources Ltd                                      | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |      4100 | NS      | $72258.93     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chengdu Easton Bio Pharmaceuti                 | Chengdu Easton Bio Pharmaceutical Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     28132 | NS      | $247762.69    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Investments PJSC                         | Dubai Investments PJSC                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |     34308 | NS      | $33370.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aristocrat Leisure Ltd                         | Aristocrat Leisure Ltd                                       | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |     84763 | NS      | $3281548.43   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co KGaA                         | Fresenius SE & Co KGaA                                       | CUSIP: 000000000<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |      8675 | NS      | $497006.37    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc                              | Suncor Energy Inc                                            | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    166800 | NS      | $7403341.23   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Pixart Imaging Inc                             | Pixart Imaging Inc                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     26000 | NS      | $167035.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ta Ann Holdings Bhd                            | Ta Ann Holdings Bhd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      2931 | NS      | $3002.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Furuno Electric Co Ltd                         | Furuno Electric Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1800 | NS      | $91394.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Galilei Co Ltd                                 | Galilei Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2200 | NS      | $53468.56     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Jin Air Co Ltd                                 | Jin Air Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8976 | NS      | $43142.15     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Kanetsu KK                                | Toyo Kanetsu KK                                              | CUSIP: 000000000<br>LEI: 353800EG0O6LMB2WP165 | Long             | EC               | CORP              | JP        |      5800 | NS      | $91943.53     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United Tractors Tbk PT                         | United Tractors Tbk PT                                       | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    482700 | NS      | $853423.60    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                 | Atlas Copco AB                                               | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    383882 | NS      | $6137012.81   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Koa Corp                                       | Koa Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6500 | NS      | $56781.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Jacobson Pharma Corp Ltd                       | Jacobson Pharma Corp Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    208796 | NS      | $34876.69     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Petroleum Corp Ltd                   | Hindustan Petroleum Corp Ltd                                 | CUSIP: 000000000<br>LEI: 335800DWLXIP7HFFY564 | Long             | EC               | CORP              | IN        |     77718 | NS      | $432004.24    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| JASPER INFOTECH PRIVATE LTD.                   | PROJECT STAR - SERIES G                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     75200 | NS      | $27242.19     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Raiffeisen Bank International                  | Raiffeisen Bank International AG                             | CUSIP: 000000000<br>LEI: 9ZHRYM6F437SQJ6OUG95 | Long             | EC               | CORP              | AT        |       646 | NS      | $28783.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ZBOM Home Collection Co Ltd                    | ZBOM Home Collection Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    324200 | NS      | $424588.08    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BIPROGY Inc                                    | BIPROGY Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6700 | NS      | $231438.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sekisui Kasei Co Ltd                           | Sekisui Kasei Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7100 | NS      | $18104.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fuxin Software                                 | Fujian Fuxin Software Development JSC Ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     37600 | NS      | $480296.29    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Xiamen Xiangyu Co Ltd                          | Xiamen Xiangyu Co Ltd                                        | CUSIP: 000000000<br>LEI: 300300J43OY0HAWA6E69 | Long             | EC               | CORP              | CN        |    400800 | NS      | $488585.02    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Thrace Plastics Holding and Co                 | Thrace Plastics Holding and Co                               | CUSIP: 000000000<br>LEI: 213800J1QD8BIB2ICW19 | Long             | EC               | CORP              | GR        |     12866 | NS      | $61084.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental AG                                 | Continental AG                                               | CUSIP: 000000000<br>LEI: 529900A7YD9C0LLXM621 | Long             | EC               | CORP              | DE        |     18024 | NS      | $1430437.86   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Taoka Chemical Co Ltd                          | Taoka Chemical Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3300 | NS      | $26030.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| 11 bit studios SA                              | 11 bit studios SA                                            | CUSIP: 000000000<br>LEI: 259400KHTY4904KMKT70 | Long             | EC               | CORP              | PL        |       913 | NS      | $36548.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Paradox Interactive AB                         | Paradox Interactive AB                                       | CUSIP: 000000000<br>LEI: 529900QNSZUY53R5WW95 | Long             | EC               | CORP              | SE        |         4 | NS      | $70.49        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd                       | United Overseas Bank Ltd                                     | CUSIP: 000000000<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |    171000 | NS      | $4657275.99   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Elan Microelectronics Corp                     | Elan Microelectronics Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     46000 | NS      | $173229.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Quebecor Inc                                   | Quebecor Inc                                                 | CUSIP: 748193208<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     65400 | NS      | $2463429.38   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                             | Deutsche Boerse AG                                           | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     36389 | NS      | $9563807.59   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| VANWARD ELECTRIC                               | Guangdong Vanward New Electric Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    231200 | NS      | $338120.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wolters Kluwer NV                              | Wolters Kluwer NV                                            | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     10175 | NS      | $1053890.98   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Copa Holdings SA                               | Copa Holdings SA                                             | CUSIP: 000000000<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |     28836 | NS      | $3477909.96   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd                     | Harmony Gold Mining Co Ltd                                   | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     38834 | NS      | $772796.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ElvalHalcor SA                                 | ElvalHalcor SA                                               | CUSIP: 000000000<br>LEI: 213800EYWS2GY56AWP42 | Long             | EC               | CORP              | GR        |     40767 | NS      | $180139.26    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| V Technology Co Ltd                            | V Technology Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1700 | NS      | $32289.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                     | Samsung Electronics Co Ltd                                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    349335 | NS      | $29279477.51  | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan System Techniques Co Ltd                 | Japan System Techniques Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19600 | NS      | $315211.12    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaki Electric Co Ltd                          | Osaki Electric Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12200 | NS      | $96852.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CRH PLC                                        | CRH PLC                                                      | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     72379 | NS      | $8993922.91   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| EBOS Group Ltd                                 | EBOS Group Ltd                                               | CUSIP: 000000000<br>LEI: 254900KJ40C7HBYTWC21 | Long             | EC               | CORP              | AU        |        47 | NS      | $747.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PGE Polska Grupa Energetyczna                  | PGE Polska Grupa Energetyczna SA                             | CUSIP: 000000000<br>LEI: 259400MP9VXR0E69MJ89 | Long             | EC               | CORP              | PL        |    494362 | NS      | $1208202.69   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Metals Corp                           | Imperial Metals Corp                                         | CUSIP: 452892102<br>LEI: 549300WQSPLDYCC4Z755 | Long             | EC               | CORP              | CA        |     12400 | NS      | $90342.79     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JHGF                                           | Xiamen Jihong Technology Co Ltd                              | CUSIP: 000000000<br>LEI: 836800P5PFS75J138506 | Long             | EC               | CORP              | CN        |    203300 | NS      | $476597.41    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co                  | Hon Hai Precision Industry Co Ltd                            | CUSIP: 000000000<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |    123000 | NS      | $901630.04    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co Ltd                    | China Merchants Bank Co Ltd                                  | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |     69000 | NS      | $469399.92    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Yara International ASA                         | Yara International ASA                                       | CUSIP: 000000000<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |     16766 | NS      | $686098.50    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yutong Heavy Industries Co Ltd                 | Yutong Heavy Industries Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     73400 | NS      | $119439.45    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA TAIPING                                  | China Taiping Insurance Holdings Co Ltd                      | CUSIP: 000000000<br>LEI: 529900C2G37NOIADYW07 | Long             | EC               | CORP              | HK        |    124800 | NS      | $300525.65    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| XD Inc                                         | XD Inc                                                       | CUSIP: 000000000<br>LEI: 655600SO97YJOKFJGL95 | Long             | EC               | CORP              | CN        |     15800 | NS      | $131773.62    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com Inc                                     | JD.com Inc                                                   | CUSIP: 000000000<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |    288650 | NS      | $4150567.18   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Kitz Corp                                      | Kitz Corp                                                    | CUSIP: 000000000<br>LEI: 52990071D57KBWPS6S92 | Long             | EC               | CORP              | JP        |      8000 | NS      | $89143.29     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinsus Interconnect Technology                 | Kinsus Interconnect Technology Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    109000 | NS      | $548400.87    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tiangong International Co Ltd                  | Tiangong International Co Ltd                                | CUSIP: 000000000<br>LEI: 254900F7I4ZE3X40W968 | Long             | EC               | CORP              | CN        |    226000 | NS      | $89414.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BP PLC                                         | BP PLC                                                       | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     67250 | NS      | $2335592.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MOL Hungarian Oil & Gas PLC                    | MOL Hungarian Oil & Gas PLC                                  | CUSIP: 000000000<br>LEI: 213800R83KX5FQFGXS67 | Long             | EC               | CORP              | HU        |    157107 | NS      | $1407941.73   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Canada                        | National Bank of Canada                                      | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |     10400 | NS      | $1307889.69   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp                              | FirstService Corp                                            | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |      5400 | NS      | $839772.69    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIGExN Co Ltd                                  | ZIGExN Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800CPG4PKAGE5BY88 | Long             | EC               | CORP              | JP        |     29300 | NS      | $89920.09     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Marvelous Inc                                  | Marvelous Inc                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      9000 | NS      | $29161.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokowo Co Ltd                                  | Yokowo Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3600 | NS      | $51855.91     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ubicom Holdings Inc                            | Ubicom Holdings Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4200 | NS      | $27939.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzhou Nanomicro Technology Co                 | Suzhou Nanomicro Technology Co Ltd                           | CUSIP: 000000000<br>LEI: 300300Q08I9SJFQCCR38 | Long             | EC               | CORP              | CN        |     60179 | NS      | $222269.26    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Grou                 | Sumitomo Mitsui Financial Group Inc                          | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    104700 | NS      | $3367300.24   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bangkok Bank PCL                               | Bangkok Bank PCL                                             | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | EC               | CORP              | TH        |    887100 | NS      | $4769609.29   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                  | Credicorp Ltd                                                | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | PE        |      2859 | NS      | $820533.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UOB-Kay Hian Holdings Ltd                      | UOB-Kay Hian Holdings Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     26500 | NS      | $52931.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Exchange Ltd                         | Singapore Exchange Ltd                                       | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | Long             | EC               | CORP              | SG        |    221097 | NS      | $2910506.53   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| DRI Healthcare Trust                           | DRI Healthcare Trust                                         | CUSIP: 23344H109<br>LEI: 54930026XW2PX1DRPQ05 | Long             | EC               | CORP              | CA        |      5500 | NS      | $64394.74     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kita-Nippon Bank Ltd/The                       | Kita-Nippon Bank Ltd/The                                     | CUSIP: 000000000<br>LEI: 353800BEJYJ7JD023D06 | Long             | EC               | CORP              | JP        |      2200 | NS      | $63484.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SRA Holdings                                   | SRA Holdings                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2000 | NS      | $67091.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Parade Technologies Ltd                        | Parade Technologies Ltd                                      | CUSIP: 000000000<br>LEI: 529900D9FDQHQKAQLY02 | Long             | EC               | CORP              | US        |     12000 | NS      | $222435.31    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PSK Inc                                        | PSK Inc                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     24845 | NS      | $636569.15    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd                                | Nintendo Co Ltd                                              | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     37700 | NS      | $2545299.20   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.KZ JSC                                   | Kaspi.KZ JSC                                                 | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     43566 | NS      | $3403811.58   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Aumovio SE                                     | Aumovio SE                                                   | CUSIP: 000000000<br>LEI: 391200IGI9RQ7VTOK384 | Long             | EC               | CORP              | DE        |     17272 | NS      | $871598.46    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chenguang Biotech Group Co Ltd                 | Chenguang Biotech Group Co Ltd                               | CUSIP: 000000000<br>LEI: 655600XIK27S3214IO50 | Long             | EC               | CORP              | CN        |    210200 | NS      | $373286.49    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire Co Ltd                                  | Empire Co Ltd                                                | CUSIP: 291843407<br>LEI: 549300TX0ZUSTEF7C719 | Long             | EC               | CORP              | CA        |     68700 | NS      | $2388520.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                                      | Baidu Inc                                                    | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |     67100 | NS      | $1103474.26   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sasol Ltd                                      | Sasol Ltd                                                    | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |     94884 | NS      | $605403.82    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| OceanaGold Corp                                | OceanaGold Corp                                              | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |     71233 | NS      | $2018843.54   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Financial Ltd                          | Phoenix Financial Ltd                                        | CUSIP: 000000000<br>LEI: 254900IUA68QTCFYHE30 | Long             | EC               | CORP              | IL        |       679 | NS      | $28082.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                               | Novo Nordisk A/S                                             | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     77359 | NS      | $3923530.80   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| System Support Holdings Inc                    | System Support Holdings Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2800 | NS      | $25836.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ITE Technology Inc                             | ITE Technology Inc                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    136000 | NS      | $496762.75    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Aluminum Corp of China Ltd                     | Aluminum Corp of China Ltd                                   | CUSIP: 000000000<br>LEI: 529900TKZUWQLIQN6T48 | Long             | EC               | CORP              | CN        |   1294000 | NS      | $2025695.51   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Kumba Iron Ore Ltd                             | Kumba Iron Ore Ltd                                           | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |      3385 | NS      | $71844.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Oyj                                      | Orion Oyj                                                    | CUSIP: 000000000<br>LEI: 74370029VAHCXDR7B745 | Long             | EC               | CORP              | FI        |     38854 | NS      | $2898805.80   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Lombard General Insuranc                 | ICICI Lombard General Insurance Co Ltd                       | CUSIP: 000000000<br>LEI: 335800ZZITZ7ZZZ2ZX87 | Long             | EC               | CORP              | IN        |    199511 | NS      | $4362240.48   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                   | China Construction Bank Corp                                 | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |   5784000 | NS      | $5725066.77   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Sonix Technology Co Ltd                        | Sonix Technology Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     20000 | NS      | $20874.59     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JAC Recruitment Co Ltd                         | JAC Recruitment Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     21439 | NS      | $145687.53    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Erste Group Bank AG                            | Erste Group Bank AG                                          | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      6780 | NS      | $812986.18    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Neowiz                                         | Neowiz                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1294 | NS      | $21804.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurobank SA                                    | Eurobank SA                                                  | CUSIP: 000000000<br>LEI: 213800KGF4EFNUQKAT69 | Long             | EC               | CORP              | GR        |    131858 | NS      | $530157.59    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Tachi-S Co Ltd                                 | Tachi-S Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2500 | NS      | $33271.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Temenos AG                                     | Temenos AG                                                   | CUSIP: 000000000<br>LEI: 5067007NW6550481FH64 | Long             | EC               | CORP              | CH        |     11284 | NS      | $1122214.84   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| LOT Vacuum Co Ltd                              | LOT Vacuum Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3978 | NS      | $34264.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Shinyaku Co Ltd                         | Nippon Shinyaku Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5400 | NS      | $194586.54    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| DPM Metals Inc                                 | DPM Metals Inc                                               | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    118600 | NS      | $3665448.98   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodick Co Ltd                                  | Sodick Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12100 | NS      | $74298.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| OTP Bank Nyrt                                  | OTP Bank Nyrt                                                | CUSIP: 000000000<br>LEI: 529900W3MOO00A18X956 | Long             | EC               | CORP              | HU        |     38678 | NS      | $4147216.89   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| A&D HOLON Holdings Co Ltd                      | A&D HOLON Holdings Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1800 | NS      | $23475.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                     | Constellation Software Inc/Canada                            | CUSIP: 21037X134<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      2870 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Asustek Computer Inc                           | Asustek Computer Inc                                         | CUSIP: 000000000<br>LEI: 254900B3WB4OGRB7HM13 | Long             | EC               | CORP              | TW        |    231000 | NS      | $4015409.79   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Zehnder Group AG                               | Zehnder Group AG                                             | CUSIP: 000000000<br>LEI: 8945000LUWFSSFRPU761 | Long             | EC               | CORP              | CH        |      7783 | NS      | $794330.28    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Bank Co Ltd                         | Japan Post Bank Co Ltd                                       | CUSIP: 000000000<br>LEI: 5493006JVO6N2HC2XZ76 | Long             | EC               | CORP              | JP        |     98100 | NS      | $1380961.09   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc                       | Japan Exchange Group Inc                                     | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |    108000 | NS      | $1152744.78   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Banca Mediolanum SpA                           | Banca Mediolanum SpA                                         | CUSIP: 000000000<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |     64936 | NS      | $1474470.88   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Everlight Electronics Co Ltd                   | Everlight Electronics Co Ltd                                 | CUSIP: 000000000<br>LEI: 2549005XKYNKN91J5J47 | Long             | EC               | CORP              | TW        |     59000 | NS      | $103655.45    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iA Financial Corp Inc                          | iA Financial Corp Inc                                        | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |     41480 | NS      | $5374222.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Taotao Vehicles Co Lt                 | Zhejiang Taotao Vehicles Co Ltd                              | CUSIP: 000000000<br>LEI: 83680067S33I2RRA0395 | Long             | EC               | CORP              | CN        |      7100 | NS      | $255127.70    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| WONIK IPS Co Ltd                               | WONIK IPS Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4138 | NS      | $194896.17    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CaixaBank SA                                   | CaixaBank SA                                                 | CUSIP: 000000000<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |    535224 | NS      | $6543715.55   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Cogeco Inc                                     | Cogeco Inc                                                   | CUSIP: 19238T100<br>LEI: 5493000KSZQCX0QM2V25 | Long             | EC               | CORP              | CA        |      3100 | NS      | $144525.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vatti Corp Ltd                                 | Vatti Corp Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    515100 | NS      | $457087.55    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TFI International Inc                          | TFI International Inc                                        | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     26652 | NS      | $2754813.48   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| YIXINTANG                                      | Yixintang Pharmaceutical Group Co Ltd                        | CUSIP: 000000000<br>LEI: 300300NE1YJT00E9JD69 | Long             | EC               | CORP              | CN        |    193720 | NS      | $356524.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexans SA                                      | Nexans SA                                                    | CUSIP: 000000000<br>LEI: 96950015FU78G84UIV14 | Long             | EC               | CORP              | FR        |     21876 | NS      | $3215773.93   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA                    | FinecoBank Banca Fineco SpA                                  | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |    352023 | NS      | $9120759.51   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Celestica Inc                                  | Celestica Inc                                                | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      2800 | NS      | $828259.81    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Socionext Inc                                  | Socionext Inc                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10000 | NS      | $140106.22    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CNMC Goldmine Holdings Ltd                     | CNMC Goldmine Holdings Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    174700 | NS      | $140487.26    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC                 | Abu Dhabi Commercial Bank PJSC                               | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | EC               | CORP              | AE        |    502384 | NS      | $1956052.33   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SingTel                                        | Singapore Telecommunications Ltd                             | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    848900 | NS      | $3003407.41   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinaxis Inc                                    | Kinaxis Inc                                                  | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |      5295 | NS      | $667705.07    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc                              | Centerra Gold Inc                                            | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |     28100 | NS      | $404543.37    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Samudera Shipping Line Ltd                     | Samudera Shipping Line Ltd                                   | CUSIP: 000000000<br>LEI: 254900YRA2OBY5SUJW72 | Long             | EC               | CORP              | SG        |    237400 | NS      | $221349.55    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                   | KBC Group NV                                                 | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |     21230 | NS      | $2764910.83   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Yamaichi Electronics Co Ltd                    | Yamaichi Electronics Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4000 | NS      | $149183.32    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Winbond Electronics Corp                       | Winbond Electronics Corp                                     | CUSIP: 000000000<br>LEI: 254900STBMBTLA91J410 | Long             | EC               | CORP              | TW        |    343000 | NS      | $902396.30    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken                  | Skandinaviska Enskilda Banken AB                             | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |    176408 | NS      | $3719332.10   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| SMK Corp                                       | SMK Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1300 | NS      | $21892.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STANLEY                                        | Stanley Agricultural Group Co Ltd                            | CUSIP: 000000000<br>LEI: 300300GFE3PKZMAYRI51 | Long             | EC               | CORP              | CN        |    146200 | NS      | $208706.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi National Oil Co for                  | Abu Dhabi National Oil Co for Distribution PJSC              | CUSIP: 000000000<br>LEI: 213800YI1ZIOJB3HLB11 | Long             | EC               | CORP              | AE        |    191888 | NS      | $203761.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Canny Elevator Co Ltd                          | Canny Elevator Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    170000 | NS      | $196182.50    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| PSBC                                           | Postal Savings Bank of China Co Ltd                          | CUSIP: 000000000<br>LEI: 300300C1040311005298 | Long             | EC               | CORP              | CN        |   2409000 | NS      | $1648173.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| NEOJAPAN Inc                                   | NEOJAPAN Inc                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3500 | NS      | $40501.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ValueCommerce Co Ltd                           | ValueCommerce Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2400 | NS      | $10198.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Orion Oyj                                      | Orion Oyj                                                    | CUSIP: 000000000<br>LEI: 74370029VAHCXDR7B745 | Long             | EC               | CORP              | FI        |       311 | NS      | $23088.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Parex Resources Inc                            | Parex Resources Inc                                          | CUSIP: 69946Q104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      8200 | NS      | $110225.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates Telecommunications Gr                 | Emirates Telecommunications Group Co PJSC                    | CUSIP: 000000000<br>LEI: 529900XDPQPWEQ9BGB80 | Long             | EC               | CORP              | AE        |     31347 | NS      | $156532.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemisphere Energy Corp                         | Hemisphere Energy Corp                                       | CUSIP: 423630102<br>LEI: 549300CG6PCKBXM8GM11 | Long             | EC               | CORP              | CA        |     20900 | NS      | $29997.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius Stedim Biotech                       | Sartorius Stedim Biotech                                     | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |     11334 | NS      | $2783875.37   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Intercorp Financial Services I                 | Intercorp Financial Services Inc                             | CUSIP: 000000000<br>LEI: 5299004181WFTEWB1398 | Long             | EC               | CORP              | PE        |      5386 | NS      | $228150.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axell Corp                                     | Axell Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1200 | NS      | $9251.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                         | SAP SE                                                       | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     26545 | NS      | $6449599.67   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Sibanye Stillwater Ltd                         | Sibanye Stillwater Ltd                                       | CUSIP: 000000000<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |    294377 | NS      | $1073239.70   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                    | Cie Financiere Richemont SA                                  | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     21937 | NS      | $4730736.98   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                                    | Rational AG                                                  | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      4583 | NS      | $3538496.01   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp                                     | NAVER Corp                                                   | CUSIP: 000000000<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |      4367 | NS      | $734099.67    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Intellect Design Arena Ltd                     | Intellect Design Arena Ltd                                   | CUSIP: 000000000<br>LEI: 3358004QZC2VU3T3ZI04 | Long             | EC               | CORP              | IN        |     35930 | NS      | $388540.31    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Halo Microelectronics Co Ltd                   | Halo Microelectronics Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     29527 | NS      | $62117.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ORLEN SA                                       | ORLEN SA                                                     | CUSIP: 000000000<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |    207952 | NS      | $5551639.28   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Shindengen Electric Manufactur                 | Shindengen Electric Manufacturing Co Ltd                     | CUSIP: 000000000<br>LEI: 353800ZRD3NQDG2I7X35 | Long             | EC               | CORP              | JP        |      1400 | NS      | $30099.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AInnovation Technology Group C                 | AInnovation Technology Group Co Ltd                          | CUSIP: 000000000<br>LEI: 83680037CPV87M152N26 | Long             | EC               | CORP              | CN        |    177000 | NS      | $128591.10    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hera SpA                                       | Hera SpA                                                     | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |     29491 | NS      | $139061.08    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandoz Group AG                                | Sandoz Group AG                                              | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |    112278 | NS      | $8152076.37   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvoton Technology Corp                        | Nuvoton Technology Corp                                      | CUSIP: 000000000<br>LEI: 25490081WZAX02O6MB63 | Long             | EC               | CORP              | TW        |     28000 | NS      | $45389.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                   | SK hynix Inc                                                 | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     20520 | NS      | $9293060.23   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN                                        | Ping An Insurance Group Co of China Ltd                      | CUSIP: 000000000<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    446000 | NS      | $3746268.37   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                             | Tokyo Electron Ltd                                           | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     37000 | NS      | $8240913.01   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens Energy AG                              | Siemens Energy AG                                            | CUSIP: 000000000<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |      6203 | NS      | $870210.05    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Ensign Energy Services Inc                     | Ensign Energy Services Inc                                   | CUSIP: 293570107<br>LEI: 984500EN54370LB9D232 | Long             | EC               | CORP              | CA        |     15700 | NS      | $29053.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc                       | Sony Financial Group Inc                                     | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |   2360500 | NS      | $2501551.33   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Iriso Electronics Co Ltd                       | Iriso Electronics Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2500 | NS      | $51323.90     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                  | HDFC Bank Ltd                                                | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    718420 | NS      | $7936310.44   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Cemex SAB de CV                                | Cemex SAB de CV                                              | CUSIP: 151290889<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |     72011 | NS      | $827406.39    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Materials Corp                      | Mitsubishi Materials Corp                                    | CUSIP: 000000000<br>LEI: 35380076QOBOSOUBRT89 | Long             | EC               | CORP              | JP        |      6900 | NS      | $161946.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Jiangxi Copper Co Ltd                          | Jiangxi Copper Co Ltd                                        | CUSIP: 000000000<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |     41000 | NS      | $226619.19    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Uchida Yoko Co Ltd                             | Uchida Yoko Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       600 | NS      | $41031.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PHX Energy Services Corp                       | PHX Energy Services Corp                                     | CUSIP: 69338U101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     16900 | NS      | $92346.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exem Co Ltd                                    | Exem Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     20232 | NS      | $27626.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA                      | Logitech International SA                                    | CUSIP: 000000000<br>LEI: 549300SN6PRK6IJJC215 | Long             | EC               | CORP              | CH        |     70957 | NS      | $7203416.42   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Unipres Corp                                   | Unipres Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11000 | NS      | $90202.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC Corp                                       | NEC Corp                                                     | CUSIP: 000000000<br>LEI: 5493000QYMPFRTEY4K28 | Long             | EC               | CORP              | JP        |     44400 | NS      | $1502296.52   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BioNTech SE                                    | BioNTech SE                                                  | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |     20727 | NS      | $1973210.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Tbk PT                               | Blue Bird Tbk PT                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |    479300 | NS      | $48864.17     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Unimot SA                                      | Unimot SA                                                    | CUSIP: 000000000<br>LEI: 259400QHBII9NV5JQT83 | Long             | EC               | CORP              | PL        |       192 | NS      | $6952.65      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Seiko Co Ltd                             | Nitto Seiko Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6000 | NS      | $27202.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corp                         | Yokogawa Electric Corp                                       | CUSIP: 000000000<br>LEI: 529900MV0U7C9WWF4L22 | Long             | EC               | CORP              | JP        |      8200 | NS      | $262978.64    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                     | National Bank of Greece SA                                   | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |     89175 | NS      | $1360137.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Ltd                                    | Wix.com Ltd                                                  | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     23163 | NS      | $2406404.07   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirloskar Industries Ltd                       | Kirloskar Industries Ltd                                     | CUSIP: 000000000<br>LEI: 335800HG2N7DQPMGJ436 | Long             | EC               | CORP              | IN        |      1307 | NS      | $46188.83     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avant Group Corp                               | Avant Group Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2000 | NS      | $22353.85     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Opple Lighting Co Ltd                          | Opple Lighting Co Ltd                                        | CUSIP: 000000000<br>LEI: 8368000JEBQ057H9J754 | Long             | EC               | CORP              | CN        |     24899 | NS      | $65126.63     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Investec PLC                                   | Investec PLC                                                 | CUSIP: 000000000<br>LEI: 2138007Z3U5GWDN3MY22 | Long             | EC               | CORP              | ZA        |    289188 | NS      | $2133460.02   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Paint Holdings Co Ltd                   | Nippon Paint Holdings Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900RYRJUN78A7PL87 | Long             | EC               | CORP              | JP        |    461600 | NS      | $3090751.35   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Ad-sol Nissin Corp                             | Ad-sol Nissin Corp                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2800 | NS      | $29097.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                        | Bank of Nova Scotia/The                                      | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |    116700 | NS      | $8607002.29   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Opto-Electronics Corp                  | Radiant Opto-Electronics Corp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     11000 | NS      | $43337.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tochigi Bank Ltd/The                           | Tochigi Bank Ltd/The                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15400 | NS      | $71404.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Vipshop Holdings Ltd                           | Vipshop Holdings Ltd                                         | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | CN        |    217713 | NS      | $3851342.97   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Perfect World Co Ltd/China                     | Perfect World Co Ltd/China                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    539800 | NS      | $1267353.21   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Anest Iwata Corp                               | Anest Iwata Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7200 | NS      | $75107.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhejiang Semir Garment Co Ltd                  | Zhejiang Semir Garment Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     34478 | NS      | $26726.88     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Research Institute                  | Mitsubishi Research Institute Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6400 | NS      | $203784.97    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM Polska Miedz SA                           | KGHM Polska Miedz SA                                         | CUSIP: 000000000<br>LEI: G30CO71KTT9JDYJESN22 | Long             | EC               | CORP              | PL        |     33191 | NS      | $2578877.48   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Novatek Microelectronics Corp                  | Novatek Microelectronics Corp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    118000 | NS      | $1402969.35   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| HELLENiQ ENERGY Holdings S.A.                  | HELLENiQ ENERGY Holdings S.A.                                | CUSIP: 000000000<br>LEI: 213800YUBJMZYR1SNG35 | Long             | EC               | CORP              | GR        |      2040 | NS      | $20018.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SCREEN Holdings Co Ltd                         | SCREEN Holdings Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |      4800 | NS      | $467540.89    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ono Pharmaceutical Co Ltd                      | Ono Pharmaceutical Co Ltd                                    | CUSIP: 000000000<br>LEI: 529900G26L4NG4GFJZ86 | Long             | EC               | CORP              | JP        |     32400 | NS      | $448882.88    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Asseco Poland SA                               | Asseco Poland SA                                             | CUSIP: 000000000<br>LEI: 259400O79EWIK4XZPL40 | Long             | EC               | CORP              | PL        |      3648 | NS      | $231099.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Polska Kasa Opieki SA                     | Bank Polska Kasa Opieki SA                                   | CUSIP: 000000000<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |     49953 | NS      | $2833416.90   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Martinrea International Inc                    | Martinrea International Inc                                  | CUSIP: 573459104<br>LEI: 5493004U3PUN21MLJG41 | Long             | EC               | CORP              | CA        |     25979 | NS      | $196089.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CD Projekt SA                                  | CD Projekt SA                                                | CUSIP: 000000000<br>LEI: 259400TYO5Q8SH8TL437 | Long             | EC               | CORP              | PL        |     20292 | NS      | $1355625.83   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Oro Co Ltd                                     | Oro Co Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1600 | NS      | $21440.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Korean Reinsurance Co                          | Korean Reinsurance Co                                        | CUSIP: 000000000<br>LEI: 988400GFST66YNV5UF89 | Long             | EC               | CORP              | KR        |      1886 | NS      | $15110.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TMX Group Ltd                                  | TMX Group Ltd                                                | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |     11240 | NS      | $427718.63    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HASCO                                          | Huayu Automotive Systems Co Ltd                              | CUSIP: 000000000<br>LEI: 3003001J2BNVV78BOT83 | Long             | EC               | CORP              | CN        |    316600 | NS      | $906004.03    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd                                        | Sea Ltd                                                      | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |     43834 | NS      | $5591903.38   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                        | GSK PLC                                                      | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     96988 | NS      | $4756291.52   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CES Energy Solutions Corp                      | CES Energy Solutions Corp                                    | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |     22773 | NS      | $203580.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Double Standard Inc                            | Double Standard Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2300 | NS      | $25484.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA Group AG                                   | GEA Group AG                                                 | CUSIP: 000000000<br>LEI: 549300PHUU0ZZWO8EO07 | Long             | EC               | CORP              | DE        |       743 | NS      | $50213.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ABN AMRO Bank NV                               | ABN AMRO Bank NV                                             | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |    190169 | NS      | $6644294.20   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanzhun Ltd                                    | Kanzhun Ltd                                                  | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | CN        |    133992 | NS      | $2730756.96   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BML Inc                                        | BML Inc                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3400 | NS      | $83730.49     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Okinawa Financial Group Inc                    | Okinawa Financial Group Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3700 | NS      | $112412.40    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Genmab A/S                                     | Genmab A/S                                                   | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      1247 | NS      | $386550.15    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Careium AB                                     | Careium AB                                                   | CUSIP: 000000000<br>LEI: 6367001JL5KLOOP2CW41 | Long             | EC               | CORP              | SE        |       276 | NS      | $713.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mazda Motor Corp                               | Mazda Motor Corp                                             | CUSIP: 000000000<br>LEI: 52990044YZJLICDQKK92 | Long             | EC               | CORP              | JP        |     69000 | NS      | $532832.71    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Ricoh Co Ltd                                   | Ricoh Co Ltd                                                 | CUSIP: 000000000<br>LEI: 549300HFIB2GRUMDID72 | Long             | EC               | CORP              | JP        |    109900 | NS      | $967013.75    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Genesys Logic Inc                              | Genesys Logic Inc                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     51000 | NS      | $151528.14    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Arabia PJSC                                | Air Arabia PJSC                                              | CUSIP: 000000000<br>LEI: 21380058Y5RCZI2HBX17 | Long             | EC               | CORP              | AE        |     40391 | NS      | $51182.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Topicus.com Inc                                | Topicus.com Inc                                              | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |     30452 | NS      | $2821006.01   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dongguan Aohai Technology Co L                 | Dongguan Aohai Technology Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     24000 | NS      | $150391.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                          | Emaar Properties PJSC                                        | CUSIP: 000000000<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |   1850414 | NS      | $7062186.46   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Beiqi Foton Motor Co Ltd                       | Beiqi Foton Motor Co Ltd                                     | CUSIP: 000000000<br>LEI: 3003001SZQ9DJEIWZK14 | Long             | EC               | CORP              | CN        |   1342200 | NS      | $560921.54    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Seoul Semiconductor Co Ltd                     | Seoul Semiconductor Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      6520 | NS      | $28085.19     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Galderma Group AG                              | Galderma Group AG                                            | CUSIP: 000000000<br>LEI: 89450001OK6O8ELQ4584 | Long             | EC               | CORP              | CH        |      9728 | NS      | $1980940.47   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| en Inc/Japan                                   | en Inc/Japan                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     24100 | NS      | $237535.02    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Natural Food International Hol                 | Natural Food International Holding Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    344000 | NS      | $48114.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp                                   | Keyence Corp                                                 | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     12800 | NS      | $4630080.01   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Leumi Le-Israel BM                        | Bank Leumi Le-Israel BM                                      | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | EC               | CORP              | IL        |      1292 | NS      | $28472.72     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                    | Infosys Ltd                                                  | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     36998 | NS      | $659304.36    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                | Sony Group Corp                                              | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    388700 | NS      | $9970539.23   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Demant A/S                                     | Demant A/S                                                   | CUSIP: 000000000<br>LEI: 213800RM6L9LN78BVA56 | Long             | EC               | CORP              | DK        |    113265 | NS      | $3816405.99   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                            | Societe Generale SA                                          | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     96672 | NS      | $7782484.44   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Magellan Aerospace Corp                        | Magellan Aerospace Corp                                      | CUSIP: 558912200<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2900 | NS      | $39130.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Richter Gedeon Nyrt                            | Richter Gedeon Nyrt                                          | CUSIP: 000000000<br>LEI: 549300J6ZJW5IH4WEE46 | Long             | EC               | CORP              | HU        |      4713 | NS      | $142473.63    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zenrin Co Ltd                                  | Zenrin Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800AOWZ4V1DJ17N16 | Long             | EC               | CORP              | JP        |      7200 | NS      | $48452.02     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Nisso Holdings Co Ltd                          | Nisso Holdings Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14500 | NS      | $65995.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Autohome Inc                                   | Autohome Inc                                                 | CUSIP: 05278C107<br>LEI: 529900NYB6ZGZN3MVT56 | Long             | EC               | CORP              | CN        |     35867 | NS      | $798399.42    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                    | Shopify Inc                                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     36766 | NS      | $5918223.02   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Israel Discount Bank Ltd                       | Israel Discount Bank Ltd                                     | CUSIP: 465074201<br>LEI: 549300XWZ7BG5G23OF51 | Long             | EC               | CORP              | IL        |      2858 | NS      | $30350.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                           | Ryanair Holdings PLC                                         | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    170239 | NS      | $12289553.41  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| thyssenkrupp AG                                | thyssenkrupp AG                                              | CUSIP: 000000000<br>LEI: 549300UDG16DOYUPR330 | Long             | EC               | CORP              | DE        |      4720 | NS      | $50742.82     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| First Abu Dhabi Bank PJSC                      | First Abu Dhabi Bank PJSC                                    | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |    439515 | NS      | $2087030.59   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd                         | Sibanye Stillwater Ltd                                       | CUSIP: 82575P107<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |     61405 | NS      | $875021.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| G-BITS NETWORK TECHNOLOGY XIAM                 | G-bits Network Technology Xiamen Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     62700 | NS      | $3806468.65   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                | Norsk Hydro ASA                                              | CUSIP: 000000000<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     10837 | NS      | $83652.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Medical Dynamic Marketin                 | Japan Medical Dynamic Marketing Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14400 | NS      | $44699.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                      | Danone SA                                                    | CUSIP: 000000000<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |    107389 | NS      | $9686390.36   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                       | TOTVS SA                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     48300 | NS      | $370904.51    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Softcreate Holdings Corp                       | Softcreate Holdings Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2100 | NS      | $28985.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                          | Delta Electronics Inc                                        | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     87000 | NS      | $2653844.67   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| cjjg                                           | Changjiang & Jinggong Steel Building Group Co Ltd            | CUSIP: 000000000<br>LEI: 300300OK2IKL9E903S46 | Long             | EC               | CORP              | CN        |    349100 | NS      | $207156.93    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LUOLAI                                         | Luolai Lifestyle Technology Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    467821 | NS      | $687841.71    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                | AstraZeneca PLC                                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     19746 | NS      | $1815249.78   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hafnia Ltd                                     | Hafnia Ltd                                                   | CUSIP: 000000000<br>LEI: 5493001KCFT0SCGJ2647 | Long             | EC               | CORP              | SG        |      4045 | NS      | $21788.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                  | Rio Tinto PLC                                                | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    118650 | NS      | $9557381.39   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| PR Times Corp                                  | PR Times Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2200 | NS      | $38929.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Regis Resources Ltd                            | Regis Resources Ltd                                          | CUSIP: 000000000<br>LEI: 213800XH9YUXBLYBD749 | Long             | EC               | CORP              | AU        |    104701 | NS      | $522194.52    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SeAH Holdings Corp                             | SeAH Holdings Corp                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       268 | NS      | $26789.77     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                  | AIA Group Ltd                                                | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    872600 | NS      | $8981753.52   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Ericsson                                       | Telefonaktiebolaget LM Ericsson                              | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |    656336 | NS      | $6333642.40   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Namuga Co Ltd                                  | Namuga Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2527 | NS      | $30585.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                   | MediaTek Inc                                                 | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    251000 | NS      | $11396702.91  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Tauron Polska Energia SA                       | Tauron Polska Energia SA                                     | CUSIP: 000000000<br>LEI: 259400NAPDFBOTNCRL54 | Long             | EC               | CORP              | PL        |    109198 | NS      | $262242.13    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Software Inc/Can                 | Constellation Software Inc/Canada                            | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      1904 | NS      | $4579698.81   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Base Co Ltd                                    | Base Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1400 | NS      | $28608.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Confectionery Co Ltd                     | Crown Confectionery Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1504 | NS      | $9179.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SEMITEC Corp                                   | SEMITEC Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1800 | NS      | $26720.41     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Saga Ltd/The                           | Bank of Saga Ltd/The                                         | CUSIP: 000000000<br>LEI: 353800F5W4TG8U8OOA26 | Long             | EC               | CORP              | JP        |      2500 | NS      | $64560.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| 99 Speed Mart Retail Holdings                  | 99 Speed Mart Retail Holdings Bhd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    141200 | NS      | $132468.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI Canada ETF                        | iShares MSCI Canada ETF                                      | CUSIP: 464286509<br>LEI: 549300DXCD53F4JK3H45 | Long             | EC               | RF                | US        |      3307 | NS      | $178346.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                           | Tencent Holdings Ltd                                         | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    244100 | NS      | $18733098.00  | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Costain Group PLC                              | Costain Group PLC                                            | CUSIP: 000000000<br>LEI: 213800PKIJBZ2EDTKC88 | Long             | EC               | CORP              | GB        |      9855 | NS      | $21201.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MIPS AB                                        | MIPS AB                                                      | CUSIP: 000000000<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |     41887 | NS      | $1598352.08   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Focus Technology Co Ltd                        | Focus Technology Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     75500 | NS      | $494713.46    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| JOYY Inc                                       | JOYY Inc                                                     | CUSIP: 46591M109<br>LEI: 549300N6CHVU5CQZPW24 | Long             | EC               | CORP              | SG        |     17282 | NS      | $1119182.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BINGCHUAN                                      | Shenzhen Bingchuan Network Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     47600 | NS      | $236479.88    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Westwing Group SE                              | Westwing Group SE                                            | CUSIP: 000000000<br>LEI: 529900BN8B4KAHILIX84 | Long             | EC               | CORP              | DE        |         2 | NS      | $26.90        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Itfor Inc                                      | Itfor Inc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8900 | NS      | $97444.19     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtrip Corp                                   | Airtrip Corp                                                 | CUSIP: 000000000<br>LEI: 98450015973AV3E4D516 | Long             | EC               | CORP              | JP        |      4900 | NS      | $23740.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Seiko Epson Corp                               | Seiko Epson Corp                                             | CUSIP: 000000000<br>LEI: 549300NIOFQDR749W206 | Long             | EC               | CORP              | JP        |      5500 | NS      | $69708.35     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Brother Industries Ltd                         | Brother Industries Ltd                                       | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |      7600 | NS      | $151830.74    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Diamond Industrial Co Lt                 | Asahi Diamond Industrial Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10900 | NS      | $57854.43     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nice Ltd                                       | Nice Ltd                                                     | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     13559 | NS      | $1532709.36   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                               | Roche Holding AG                                             | CUSIP: 000000000<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     62786 | NS      | $25928751.78  | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                         | Standard Chartered PLC                                       | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |     57911 | NS      | $1413053.95   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Futu Holdings Ltd                              | Futu Holdings Ltd                                            | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | HK        |      3036 | NS      | $498541.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Business Brain Showa-Ota Inc                   | Business Brain Showa-Ota Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1800 | NS      | $40938.16     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Technoprobe SpA                                | Technoprobe SpA                                              | CUSIP: 000000000<br>LEI: 8156007154CD8334D053 | Long             | EC               | CORP              | IT        |    252509 | NS      | $3593095.57   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Alps Alpine Co Ltd                             | Alps Alpine Co Ltd                                           | CUSIP: 000000000<br>LEI: 529900PWNU4ASLY9VI90 | Long             | EC               | CORP              | JP        |     26800 | NS      | $342087.30    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Nexon Co Ltd                                   | Nexon Co Ltd                                                 | CUSIP: 000000000<br>LEI: 5299005SFO0GAJFLKN43 | Long             | EC               | CORP              | JP        |     27000 | NS      | $659515.42    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Yushin Co                                      | Yushin Co                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6700 | NS      | $30430.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Phison Electronics Corp                        | Phison Electronics Corp                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     40000 | NS      | $1843153.08   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlassian Corp                                 | Atlassian Corp                                               | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |      2832 | NS      | $459180.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                 | BNP Paribas SA                                               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     89877 | NS      | $8502997.13   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Novonesis Novozymes B                          | Novonesis Novozymes B                                        | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |    104842 | NS      | $6707846.67   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| TSMC                                           | Taiwan Semiconductor Manufacturing Co Ltd                    | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    944000 | NS      | $46404477.24  | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangdong Dongpeng Holdings Co                 | Guangdong Dongpeng Holdings Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    645500 | NS      | $604897.46    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Sitronix Technology Corp                       | Sitronix Technology Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     20000 | NS      | $114391.19    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CKS                                            | Keshun Waterproof Technologies Co Ltd                        | CUSIP: 000000000<br>LEI: 300300M9TMHSAZ9MEQ43 | Long             | EC               | CORP              | CN        |    300700 | NS      | $236526.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CMOC Group Ltd                                 | CMOC Group Ltd                                               | CUSIP: 000000000<br>LEI: 2549008KG3638J59U652 | Long             | EC               | CORP              | CN        |    969000 | NS      | $2407502.39   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Check Point Software Technolog                 | Check Point Software Technologies Ltd                        | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     20902 | NS      | $3878575.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                   | Sumitomo Metal Mining Co Ltd                                 | CUSIP: 000000000<br>LEI: 353800CF81IXL9974H84 | Long             | EC               | CORP              | JP        |      3800 | NS      | $152165.56    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Semiconductor Equipment                  | Union Semiconductor Equipment & Materials Co Ltd             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     20200 | NS      | $135209.31    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Akasha Wira International Tbk                  | Akasha Wira International Tbk PT                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |     37900 | NS      | $35058.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ID Holdings Corp                               | ID Holdings Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3000 | NS      | $41793.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Greggs PLC                                     | Greggs PLC                                                   | CUSIP: 000000000<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |        19 | NS      | $428.28       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd                 | Shinhan Financial Group Co Ltd                               | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |     27704 | NS      | $1475231.80   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharat Petroleum Corp Ltd                      | Bharat Petroleum Corp Ltd                                    | CUSIP: 000000000<br>LEI: 8GRDBX1TJ0PU5NCSHT72 | Long             | EC               | CORP              | IN        |    422339 | NS      | $1806649.51   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| JinkoSolar Holding Co Ltd                      | JinkoSolar Holding Co Ltd                                    | CUSIP: 47759T100<br>LEI: 529900Y93WNCS05FG852 | Long             | EC               | CORP              | CN        |      7738 | NS      | $199717.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt                 | LVMH Moet Hennessy Louis Vuitton SE                          | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      6969 | NS      | $5252784.48   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Moriroku Co Ltd                                | Moriroku Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4500 | NS      | $71694.40     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheon Automatic Machinery Co L                 | Rheon Automatic Machinery Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4500 | NS      | $41802.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dubai Islamic Bank PJSC                        | Dubai Islamic Bank PJSC                                      | CUSIP: 000000000<br>LEI: 5493003E7YRAQY3JGW88 | Long             | EC               | CORP              | AE        |    395091 | NS      | $996957.85    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates NBD Bank PJSC                         | Emirates NBD Bank PJSC                                       | CUSIP: 000000000<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |    344711 | NS      | $2613900.03   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                             | Banco Santander SA                                           | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     74259 | NS      | $874064.86    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| TES Co Ltd/Korea                               | TES Co Ltd/Korea                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3012 | NS      | $92958.86     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Shikoku Bank Ltd/The                           | Shikoku Bank Ltd/The                                         | CUSIP: 000000000<br>LEI: 353800WDXTE9PTGKDW46 | Long             | EC               | CORP              | JP        |      4500 | NS      | $50557.25     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| China Nonferrous Mining Corp L                 | China Nonferrous Mining Corp Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    170000 | NS      | $322527.03    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Talanx AG                                      | Talanx AG                                                    | CUSIP: 000000000<br>LEI: 5299006ZIILJ6VJVSJ32 | Long             | EC               | CORP              | DE        |      8226 | NS      | $1092733.41   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MYGD                                           | Hefei Meiya Optoelectronic Technology Inc                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    113000 | NS      | $332899.86    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanamoto Co Ltd                                | Kanamoto Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3900 | NS      | $97550.74     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp                                        | KT Corp                                                      | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     51337 | NS      | $973862.89    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Ltd                               | Lenovo Group Ltd                                             | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | CN        |   1762000 | NS      | $2095362.51   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Linklogis Inc                                  | Linklogis Inc                                                | CUSIP: 000000000<br>LEI: 254900PYFTBGPA68BN15 | Long             | EC               | CORP              | CN        |    312500 | NS      | $89894.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Weichai Power Co Ltd                           | Weichai Power Co Ltd                                         | CUSIP: 000000000<br>LEI: 529900OKTPKBG85F9502 | Long             | EC               | CORP              | CN        |     64000 | NS      | $155316.13    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| AAC Technologies Holdings Inc                  | AAC Technologies Holdings Inc                                | CUSIP: 000000000<br>LEI: 549300SKEDE1VKS0A552 | Long             | EC               | CORP              | CN        |     95500 | NS      | $478761.71    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Leonardo SpA                                   | Leonardo SpA                                                 | CUSIP: 000000000<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |     28554 | NS      | $1633304.56   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                       | GMK Norilskiy Nickel PAO                                     | CUSIP: 000000000<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |   1009500 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LEE & MAN PAPER                                | Lee & Man Paper Manufacturing Ltd                            | CUSIP: 000000000<br>LEI: 30030066PNKQVCCC5G24 | Long             | EC               | CORP              | HK        |    148409 | NS      | $53449.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Haitong UniTrust International                 | Haitong UniTrust International Leasing Co Ltd                | CUSIP: 000000000<br>LEI: 300300CF1TC4X94X7E53 | Long             | EC               | CORP              | CN        |    340000 | NS      | $34075.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                      | Zijin Mining Group Co Ltd                                    | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |     38000 | NS      | $173980.61    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund               | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   1331839 | NS      | $1331839.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp                                   | Olympus Corp                                                 | CUSIP: 000000000<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    243400 | NS      | $3086130.62   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| NCSoft Corp                                    | NCSoft Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1283 | NS      | $179652.89    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Sage Group PLC/The                             | Sage Group PLC/The                                           | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |     29901 | NS      | $434894.75    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Perusahaan Gas Negara Tbk PT                   | Perusahaan Gas Negara Tbk PT                                 | CUSIP: 000000000<br>LEI: 549300OX1VFDX7ZPN240 | Long             | EC               | CORP              | ID        |   2926720 | NS      | $334436.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ATRenew Inc                                    | ATRenew Inc                                                  | CUSIP: 00138L108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     11140 | NS      | $59042.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Salmar ASA                                     | Salmar ASA                                                   | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGDBK67 | Long             | EC               | CORP              | NO        |     54714 | NS      | $3344018.29   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| HAL Trust                                      | HAL Trust                                                    | CUSIP: 000000000<br>LEI: 5493000O3IE3DNOY3R07 | Long             | EC               | CORP              | CW        |       349 | NS      | $57929.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Huishang Bank Corp Ltd                         | Huishang Bank Corp Ltd                                       | CUSIP: 000000000<br>LEI: 300300C1080434000035 | Long             | EC               | CORP              | CN        |    264000 | NS      | $108560.46    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd                 | Agricultural Bank of China Ltd                               | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |   1946000 | NS      | $1447676.28   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc                     | Mizuho Financial Group Inc                                   | CUSIP: 000000000<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |     99000 | NS      | $3612961.73   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Magni-Tech Industries Bhd                      | Magni-Tech Industries Bhd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     23269 | NS      | $11914.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DBAPP Security Ltd                             | DBAPP Security Ltd                                           | CUSIP: 000000000<br>LEI: 300300KBAFBD6UY4BK16 | Long             | EC               | CORP              | CN        |     30142 | NS      | $221709.44    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Maxell Ltd                                     | Maxell Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      9300 | NS      | $142588.65    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Baoshan Iron & Steel Co Ltd                    | Baoshan Iron & Steel Co Ltd                                  | CUSIP: 000000000<br>LEI: 300300PYAP4PEHORZT21 | Long             | EC               | CORP              | CN        |    527500 | NS      | $562553.39    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Petronas Dagangan Bhd                          | Petronas Dagangan Bhd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      5600 | NS      | $27529.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lasertec Corp                                  | Lasertec Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       500 | NS      | $95271.32     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Arcadyan Technology Corp                       | Arcadyan Technology Corp                                     | CUSIP: 000000000<br>LEI: 254900R5W61G3GO1Q067 | Long             | EC               | CORP              | TW        |    207000 | NS      | $1144198.91   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| WiSoL Co Ltd                                   | WiSoL Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9881 | NS      | $39365.56     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Indo-Rama Synthetics Tbk PT                    | Indo-Rama Synthetics Tbk PT                                  | CUSIP: 000000000<br>LEI: 25490008PE85CK9CUC92 | Long             | EC               | CORP              | ID        |     28097 | NS      | $4715.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| International Games System Co                  | International Games System Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     52000 | NS      | $1193069.17   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Doshisha Co Ltd                                | Doshisha Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3300 | NS      | $69642.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Enerflex Ltd                                   | Enerflex Ltd                                                 | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |     43100 | NS      | $664453.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank/The                      | Toronto-Dominion Bank/The                                    | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     19500 | NS      | $1837834.69   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Achilles Corp                                  | Achilles Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       155 | NS      | $1431.57      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dassault Aviation SA                           | Dassault Aviation SA                                         | CUSIP: 000000000<br>LEI: 969500CVFTUT88V8QN95 | Long             | EC               | CORP              | FR        |      3177 | NS      | $1018564.18   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Anpec Electronics Corp                         | Anpec Electronics Corp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     19000 | NS      | $130319.09    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                                   | Unilever PLC                                                 | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     91401 | NS      | $5971884.08   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| VIEL & Cie SA                                  | VIEL & Cie SA                                                | CUSIP: 000000000<br>LEI: 9695004FALTKA67E3T78 | Long             | EC               | CORP              | FR        |      2063 | NS      | $41147.22     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                           | Endeavour Mining PLC                                         | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |     38485 | NS      | $2010744.79   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd                                    | Fujitsu Ltd                                                  | CUSIP: 000000000<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |    167010 | NS      | $4589921.66   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Build King Holdings Ltd                        | Build King Holdings Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     73424 | NS      | $13396.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SERAKU Co Ltd                                  | SERAKU Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1100 | NS      | $10750.73     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT Exploration & Production P                 | PTT Exploration & Production PCL                             | CUSIP: 000000000<br>LEI: 2549001O8YYGP5N7Q076 | Long             | EC               | CORP              | TH        |    905000 | NS      | $3236069.70   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| System Research Co Ltd                         | System Research Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4200 | NS      | $54396.65     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hap Seng Plantations Holdings                  | Hap Seng Plantations Holdings Bhd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |      6900 | NS      | $3689.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Ltd                                  | Discovery Ltd                                                | CUSIP: 000000000<br>LEI: 378900245A26169C8132 | Long             | EC               | CORP              | ZA        |    541382 | NS      | $7440079.44   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Hearts Holdings Co Ltd                 | Digital Hearts Holdings Co Ltd                               | CUSIP: 000000000<br>LEI: 353800YFGI3U64VW0H08 | Long             | EC               | CORP              | JP        |      3500 | NS      | $20320.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Centrica PLC                                   | Centrica PLC                                                 | CUSIP: 000000000<br>LEI: E26EDV109X6EEPBKVH76 | Long             | EC               | CORP              | GB        |    142103 | NS      | $324003.38    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Money Forward Inc                              | Money Forward Inc                                            | CUSIP: 000000000<br>LEI: 35380017JS3GIGP6WN95 | Long             | EC               | CORP              | JP        |    102900 | NS      | $3061353.89   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Lumine Group Inc                               | Lumine Group Inc                                             | CUSIP: 55027C106<br>LEI: 984500E3C44B9D44M738 | Long             | EC               | CORP              | CA        |    144610 | NS      | $2859433.46   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Trivago NV                                     | Trivago NV                                                   | CUSIP: 89686D303<br>LEI: 391200MJ56OU7D3JM080 | Long             | EC               | CORP              | DE        |      3049 | NS      | $8842.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Engineering & Consult                 | Computer Engineering & Consulting Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4100 | NS      | $64134.36     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                                        | DSV A/S                                                      | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |     44564 | NS      | $11223734.26  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiwa Industries Ltd                           | Daiwa Industries Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4700 | NS      | $47831.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VENTEC                                         | Ventec International Group Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     12000 | NS      | $35257.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Boliden AB                                     | Boliden AB                                                   | CUSIP: 000000000<br>LEI: 21380059QU7IM1ONDJ56 | Long             | EC               | CORP              | SE        |      1362 | NS      | $75449.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kweichow Moutai Co Ltd                         | Kweichow Moutai Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13600 | NS      | $2681702.38   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Ipsen SA                                       | Ipsen SA                                                     | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |      3264 | NS      | $455424.23    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BOE Technology Group Co Ltd                    | BOE Technology Group Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   3843489 | NS      | $2316099.02   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Ichikoh Industries Ltd                         | Ichikoh Industries Ltd                                       | CUSIP: 000000000<br>LEI: 353800KP9IZ3RU1GNE32 | Long             | EC               | CORP              | JP        |      9200 | NS      | $30199.99     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Klepierre SA                                   | Klepierre SA                                                 | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |     18069 | NS      | $714905.61    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Tamura Corp                                    | Tamura Corp                                                  | CUSIP: 000000000<br>LEI: 353800W98D8AI066OC02 | Long             | EC               | CORP              | JP        |      8600 | NS      | $33343.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Innotek Co Ltd                              | LG Innotek Co Ltd                                            | CUSIP: 000000000<br>LEI: 988400KTHH2LMUX7EB48 | Long             | EC               | CORP              | KR        |      6596 | NS      | $1240495.78   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Tsubakimoto Chain Co                           | Tsubakimoto Chain Co                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13800 | NS      | $203771.22    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| XTB SA                                         | XTB SA                                                       | CUSIP: 000000000<br>LEI: 259400AVUPSABLEXNT19 | Long             | EC               | CORP              | PL        |     31993 | NS      | $638637.96    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Impala Platinum Holdings Ltd                   | Impala Platinum Holdings Ltd                                 | CUSIP: 000000000<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |     32635 | NS      | $512864.15    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Enero Group Ltd                                | Enero Group Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |       384 | NS      | $161.72       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Glovis Co Ltd                          | Hyundai Glovis Co Ltd                                        | CUSIP: 000000000<br>LEI: 988400U6RDXNJ5ZRN304 | Long             | EC               | CORP              | KR        |      1701 | NS      | $213510.46    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresnillo PLC                                  | Fresnillo PLC                                                | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | MX        |     51712 | NS      | $2305861.99   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| KG Chemical Corp                               | KG Chemical Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7227 | NS      | $26429.01     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol IONES Co Ltd                            | Hansol IONES Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4890 | NS      | $40654.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Addvalue Technologies Ltd                      | Addvalue Technologies Ltd                                    | CUSIP: 000000000<br>LEI: 529900WGJ4F6XFXYQP19 | Long             | EC               | CORP              | SG        |   1013900 | NS      | $55946.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Buffalo Inc /Japan                             | Buffalo Inc /Japan                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1700 | NS      | $52525.60     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HOCHTIEF AG                                    | HOCHTIEF AG                                                  | CUSIP: 000000000<br>LEI: 529900Y25S8NZIYTT924 | Long             | EC               | CORP              | DE        |      2221 | NS      | $869480.84    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Electronics Inc                             | LG Electronics Inc                                           | CUSIP: 000000000<br>LEI: 988400RMQFTGZIOG0609 | Long             | EC               | CORP              | KR        |     22703 | NS      | $1448638.74   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhen Ding Technology Holding L                 | Zhen Ding Technology Holding Ltd                             | CUSIP: 000000000<br>LEI: 549300H7R4K33675UP38 | Long             | EC               | CORP              | TW        |    185000 | NS      | $833701.47    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| A2A SpA                                        | A2A SpA                                                      | CUSIP: 000000000<br>LEI: 81560076E3944316DB24 | Long             | EC               | CORP              | IT        |    212563 | NS      | $575170.55    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Newborn Town Inc                               | Newborn Town Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    382000 | NS      | $549882.19    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Elecom Co Ltd                                  | Elecom Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800BXFUVR7EPC0G35 | Long             | EC               | CORP              | JP        |     23100 | NS      | $254521.67    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                           | Schindler Holding AG                                         | CUSIP: 000000000<br>LEI: 5299007DRLI319H7Q933 | Long             | EC               | CORP              | CH        |      1460 | NS      | $549055.08    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Henglin Home Furnishings Co Lt                 | Henglin Home Furnishings Co Ltd                              | CUSIP: 000000000<br>LEI: 300300A16Q0LUZAWZS68 | Long             | EC               | CORP              | CN        |     34200 | NS      | $156656.91    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                       | Adyen NV                                                     | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      4392 | NS      | $7082428.53   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                                   | Barclays PLC                                                 | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    307308 | NS      | $7820988.60   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Ginebra San Miguel Inc                         | Ginebra San Miguel Inc                                       | CUSIP: 000000000<br>LEI: 549300FYQJAVLTUPRN13 | Long             | EC               | CORP              | PH        |     31190 | NS      | $156394.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MIXI Inc                                       | MIXI Inc                                                     | CUSIP: 000000000<br>LEI: 529900IL3THMH0SFYQ49 | Long             | EC               | CORP              | JP        |     19200 | NS      | $333841.76    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd                                | Pro Medicus Ltd                                              | CUSIP: 000000000<br>LEI: 98450085A903D1BMFF27 | Long             | EC               | CORP              | AU        |     22715 | NS      | $3335997.69   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Vector Inc                                     | Vector Inc                                                   | CUSIP: 000000000<br>LEI: 3538004PSULH92CK5D85 | Long             | EC               | CORP              | JP        |      7200 | NS      | $55099.36     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Bilibili Inc                                   | Bilibili Inc                                                 | CUSIP: 000000000<br>LEI: 5493008V60M52L3PIS45 | Long             | EC               | CORP              | CN        |     87940 | NS      | $2170458.32   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                    | NN Group NV                                                  | CUSIP: 000000000<br>LEI: 724500OHYNDT9OY6Q215 | Long             | EC               | CORP              | NL        |     49301 | NS      | $3803307.70   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                         | UCB SA                                                       | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      4155 | NS      | $1157693.49   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co                 | SITC International Holdings Co Ltd                           | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | HK        |     55000 | NS      | $196811.73    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Daikyonishikawa Corp                           | Daikyonishikawa Corp                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5200 | NS      | $26463.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Asuransi Tugu Pratama Indonesi                 | Asuransi Tugu Pratama Indonesia Tbk PT                       | CUSIP: 000000000<br>LEI: 254900B7G41QVRP9Y389 | Long             | EC               | CORP              | ID        |    107400 | NS      | $7499.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BBVA                                           | Banco Bilbao Vizcaya Argentaria SA                           | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    572684 | NS      | $13433574.57  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                               | MercadoLibre Inc                                             | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      6789 | NS      | $13674811.14  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio                  | Fidelity Government Portfolio                                | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   1331839 | NS      | $1331839.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DAH SING                                       | Dah Sing Financial Holdings Ltd                              | CUSIP: 000000000<br>LEI: 529900J55QMXMR5KMH32 | Long             | EC               | CORP              | HK        |     30000 | NS      | $136302.54    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Stella-Jones Inc                               | Stella-Jones Inc                                             | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               | CORP              | CA        |     44977 | NS      | $2789619.33   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TS Lines Ltd                                   | TS Lines Ltd                                                 | CUSIP: 000000000<br>LEI: 8368006B8C0EXQ2JDM96 | Long             | EC               | CORP              | HK        |     93000 | NS      | $99265.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MPI Corp                                       | MPI Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      5000 | NS      | $357471.69    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| PZU                                            | Powszechny Zaklad Ubezpieczen SA                             | CUSIP: 000000000<br>LEI: QLPCKOOKVX32FUELX240 | Long             | EC               | CORP              | PL        |     88044 | NS      | $1629646.22   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglogold Ashanti Plc                          | Anglogold Ashanti Plc                                        | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     22984 | NS      | $1960075.52   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                             | Eldorado Gold Corp                                           | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |     16877 | NS      | $606566.18    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Litrak                                         | Lingkaran Trans Kota Holdings Bhd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |     42600 | NS      | $38.84        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sambo Corrugated Board Co Ltd                  | Sambo Corrugated Board Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       807 | NS      | $5406.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSE Global Ltd                                 | CSE Global Ltd                                               | CUSIP: 000000000<br>LEI: 549300CNUGIB5L3RNJ48 | Long             | EC               | CORP              | SG        |    322000 | NS      | $246021.63    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nucleus Software Exports Ltd                   | Nucleus Software Exports Ltd                                 | CUSIP: 000000000<br>LEI: 335800N8NQ6E17EJOI96 | Long             | EC               | CORP              | IN        |      2228 | NS      | $22709.57     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DIT Corp                                       | DIT Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4456 | NS      | $45081.98     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Miroku Jyoho Service Co Ltd                    | Miroku Jyoho Service Co Ltd                                  | CUSIP: 000000000<br>LEI: 3538009FEB7DY7VJDQ12 | Long             | EC               | CORP              | JP        |     14900 | NS      | $189276.39    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Toli Corp                                      | Toli Corp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12100 | NS      | $57449.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Minerva SA/Brazil                              | Minerva SA/Brazil                                            | CUSIP: 000000000<br>LEI: 391200UHL6YHY0OA1P30 | Long             | EC               | CORP              | BR        |    133000 | NS      | $139802.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworth Group Ltd                             | Skyworth Group Ltd                                           | CUSIP: 000000000<br>LEI: 529900LRFQSJWSSXY627 | Long             | EC               | CORP              | HK        |    100741 | NS      | $60761.05     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhihu Inc                                      | Zhihu Inc                                                    | CUSIP: 98955N207<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5037 | NS      | $16521.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                                   | Experian PLC                                                 | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | IE        |    141393 | NS      | $6374927.10   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| JASPER INFOTECH PRIVATE LTD.                   | PROJECT STAR                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    227200 | NS      | $82306.20     | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Silergy Corp                                   | Silergy Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    193000 | NS      | $1170492.50   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Topy Industries Ltd                            | Topy Industries Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3000 | NS      | $59355.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Weblink International Inc                      | Weblink International Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     27298 | NS      | $46564.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SE                                     | Edenred SE                                                   | CUSIP: 000000000<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |    191524 | NS      | $4233822.51   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Altius Minerals Corp                           | Altius Minerals Corp                                         | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |      4700 | NS      | $139847.73    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Resources Ltd                            | First Resources Ltd                                          | CUSIP: 000000000<br>LEI: 5493007RRD817HUP4O49 | Long             | EC               | CORP              | SG        |     24300 | NS      | $39505.71     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                    | Italgas SpA                                                  | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |     34801 | NS      | $388156.35    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Business Engineering Corp                      | Business Engineering Corp                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5500 | NS      | $59903.19     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group Inc                         | KB Financial Group Inc                                       | CUSIP: 000000000<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     18646 | NS      | $1605135.12   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Yangzijiang Shipbuilding Holdi                 | Yangzijiang Shipbuilding Holdings Ltd                        | CUSIP: 000000000<br>LEI: 254900Z3JEM14YIGLM66 | Long             | EC               | CORP              | CN        |    510800 | NS      | $1379922.19   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| USISH                                          | Universal Scientific Industrial Shanghai Co Ltd              | CUSIP: 000000000<br>LEI: 655600ZQ6P2GFIBK8C07 | Long             | EC               | CORP              | CN        |    301000 | NS      | $1291526.41   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp                     | Realtek Semiconductor Corp                                   | CUSIP: 000000000<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |    184000 | NS      | $2856907.31   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Optex Group Co Ltd                             | Optex Group Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5200 | NS      | $84953.73     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Corp                                        | KT Corp                                                      | CUSIP: 000000000<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |     14694 | NS      | $536112.04    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Gold Fields Ltd                                | Gold Fields Ltd                                              | CUSIP: 000000000<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     29273 | NS      | $1276372.95   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                             | Midea Group Co Ltd                                           | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    637200 | NS      | $7124616.35   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Horiba Ltd                                     | Horiba Ltd                                                   | CUSIP: 000000000<br>LEI: 529900OOTWPYSNW0EC84 | Long             | EC               | CORP              | JP        |      1800 | NS      | $183732.47    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Canara Bank                                    | Canara Bank                                                  | CUSIP: 000000000<br>LEI: 335800E4RH82Z8XC3C30 | Long             | EC               | CORP              | IN        |    407472 | NS      | $702742.30    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| China Yuchai International Ltd                 | China Yuchai International Ltd                               | CUSIP: 000000000<br>LEI: 529900DHISUGAY2ARU76 | Long             | EC               | CORP              | SG        |      2239 | NS      | $79484.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Unicharm Corp                                  | Unicharm Corp                                                | CUSIP: 000000000<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |    563800 | NS      | $3221405.77   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Coal India Ltd                                 | Coal India Ltd                                               | CUSIP: 000000000<br>LEI: 335800NLJQZNHM9LBB31 | Long             | EC               | CORP              | IN        |    555184 | NS      | $2466191.24   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Hapoalim BM                               | Bank Hapoalim BM                                             | CUSIP: 000000000<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     17255 | NS      | $390257.52    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GMK Norilskiy Nickel PAO                       | GMK Norilskiy Nickel PAO                                     | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |         4 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kasikornbank PCL                               | Kasikornbank PCL                                             | CUSIP: 000000000<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |    230747 | NS      | $1423186.31   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| TIS Inc                                        | TIS Inc                                                      | CUSIP: 000000000<br>LEI: 35380064HYEZXBQHDF07 | Long             | EC               | CORP              | JP        |      3700 | NS      | $124303.69    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortuna Mining Corp                            | Fortuna Mining Corp                                          | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |    129900 | NS      | $1272926.31   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| E-L Financial Corp Ltd                         | E-L Financial Corp Ltd                                       | CUSIP: 268575107<br>LEI: 5493008YS2NMV2UCI287 | Long             | EC               | CORP              | CA        |      3300 | NS      | $39117.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Puritic Corp                            | Taiwan Puritic Corp                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      6201 | NS      | $98349.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Post Holdings Co Ltd                     | Japan Post Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: 5299003D9N4JBS256X18 | Long             | EC               | CORP              | JP        |    134000 | NS      | $1413889.26   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| KNT-CT Holdings Co Ltd                         | KNT-CT Holdings Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5100 | NS      | $53374.13     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Costamare Inc                                  | Costamare Inc                                                | CUSIP: 000000000<br>LEI: 5299003L6NPTZ25LN818 | Long             | EC               | CORP              | MC        |     20632 | NS      | $325779.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA                                      | Endesa SA                                                    | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |     26831 | NS      | $965818.76    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| International Consolidated Air                 | International Consolidated Airlines Group SA                 | CUSIP: 000000000<br>LEI: 959800TZHQRUSH1ESL13 | Long             | EC               | CORP              | GB        |    319205 | NS      | $1770120.78   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Corp                                    | Otsuka Corp                                                  | CUSIP: 000000000<br>LEI: 529900RG9DJ58J3UIE72 | Long             | EC               | CORP              | JP        |     47700 | NS      | $982887.27    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingspan Group PLC                             | Kingspan Group PLC                                           | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     92668 | NS      | $7985104.35   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| SMC Corp                                       | SMC Corp                                                     | CUSIP: 000000000<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |     13400 | NS      | $4636411.89   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Niu Technologies                               | Niu Technologies                                             | CUSIP: 65481N100<br>LEI: 549300NJKNSC80EVQ065 | Long             | EC               | CORP              | CN        |     10738 | NS      | $32536.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OCBC Nisp Tbk PT                          | Bank OCBC Nisp Tbk PT                                        | CUSIP: 000000000<br>LEI: 549300RBYAFM3PQZB872 | Long             | EC               | CORP              | ID        |     83751 | NS      | $6874.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Coupang Inc                                    | Coupang Inc                                                  | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    155646 | NS      | $3671689.14   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd                             | Qantas Airways Ltd                                           | CUSIP: 000000000<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |    130475 | NS      | $901410.91    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kone Oyj                                       | Kone Oyj                                                     | CUSIP: 000000000<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |     42712 | NS      | $3025844.10   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| LIFULL Co Ltd                                  | LIFULL Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13500 | NS      | $15333.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                    | B3 SA - Brasil Bolsa Balcao                                  | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |   1830500 | NS      | $4639927.92   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Music Entertainment Gr                 | Tencent Music Entertainment Group                            | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | CN        |    374056 | NS      | $6557201.68   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio                     | MSILF Government Portfolio                                   | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1331839 | NS      | $1331839.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hisamitsu Pharmaceutical Co In                 | Hisamitsu Pharmaceutical Co Inc                              | CUSIP: 000000000<br>LEI: 5299006QL3IBQ4CN7E12 | Long             | EC               | CORP              | JP        |      4900 | NS      | $137374.35    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| South32 Ltd                                    | South32 Ltd                                                  | CUSIP: 000000000<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |    114655 | NS      | $271400.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wartsila OYJ Abp                               | Wartsila OYJ Abp                                             | CUSIP: 000000000<br>LEI: 743700G7A9J1PHM3X223 | Long             | EC               | CORP              | FI        |     47574 | NS      | $1684339.25   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund                    | BlackRock Liquidity FedFund                                  | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |   1331839 | NS      | $1331839.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SANQI HUYU                                     | 37 Interactive Entertainment Network Technology Group Co Ltd | CUSIP: 000000000<br>LEI: 300300BE4IFCPHCUMI94 | Long             | EC               | CORP              | CN        |    225600 | NS      | $762193.38    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| HUILONG AGRI                                   | Anhui Huilong Agricultural Means of Production Co Ltd        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    250500 | NS      | $216567.26    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Enghouse Systems Ltd                           | Enghouse Systems Ltd                                         | CUSIP: 292949104<br>LEI: 549300LKRHABBMOTY018 | Long             | EC               | CORP              | CA        |      9713 | NS      | $144079.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bavarian Nordic A/S                            | Bavarian Nordic A/S                                          | CUSIP: 000000000<br>LEI: 2138006JCDVYIN6INP51 | Long             | EC               | CORP              | DK        |       360 | NS      | $10736.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Torex Gold Resources Inc                       | Torex Gold Resources Inc                                     | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |     20173 | NS      | $963271.59    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc                            | Nomura Holdings Inc                                          | CUSIP: 000000000<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |    314200 | NS      | $2617433.60   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Silicon Motion Technology Corp                 | Silicon Motion Technology Corp                               | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | TW        |      2181 | NS      | $202178.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                                    | Euronext NV                                                  | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     12441 | NS      | $1868861.74   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| PDD Holdings Inc                               | PDD Holdings Inc                                             | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |     28361 | NS      | $3215853.79   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagseguro Digital Ltd                          | Pagseguro Digital Ltd                                        | CUSIP: 000000000<br>LEI: 391200VY4YW47I4HGH62 | Long             | EC               | CORP              | BR        |     44778 | NS      | $431659.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Eisai Co Ltd                                   | Eisai Co Ltd                                                 | CUSIP: 000000000<br>LEI: 353800HDEE0ZYEX4QV91 | Long             | EC               | CORP              | JP        |    102600 | NS      | $3046282.03   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Susco PCL                                      | Susco PCL                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    219300 | NS      | $14478.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                                        | ABB Ltd                                                      | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |    126555 | NS      | $9329324.64   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Total Energy Services Inc                      | Total Energy Services Inc                                    | CUSIP: 89154B102<br>LEI: 549300R3W0R3EV800D58 | Long             | EC               | CORP              | CA        |      7700 | NS      | $83588.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MarkLines Co Ltd                               | MarkLines Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2000 | NS      | $19245.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Optim Corp                                     | Optim Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3900 | NS      | $12559.18     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma Inc                            | Astellas Pharma Inc                                          | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |     72900 | NS      | $970263.80    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Azurewave Technologies Inc                     | Azurewave Technologies Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     16000 | NS      | $30664.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp                                 | Advantest Corp                                               | CUSIP: 000000000<br>LEI: 353800EMK32PDKS9XR54 | Long             | EC               | CORP              | JP        |     18300 | NS      | $2313996.95   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Akatsuki Inc                                   | Akatsuki Inc                                                 | CUSIP: 000000000<br>LEI: 353800EZN28NUOR4N912 | Long             | EC               | CORP              | JP        |      2700 | NS      | $45693.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gem Diamonds Ltd                               | Gem Diamonds Ltd                                             | CUSIP: 000000000<br>LEI: 213800RC2PGGMZQG8L67 | Long             | EC               | CORP              | GB        |      5047 | NS      | $202.39       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BNK Financial Group Inc                        | BNK Financial Group Inc                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     55107 | NS      | $606375.54    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                    | Infosys Ltd                                                  | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |    194341 | NS      | $3499864.27   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Woori Financial Group Inc                      | Woori Financial Group Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     82927 | NS      | $1609564.49   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp Ltd                            | Indian Oil Corp Ltd                                          | CUSIP: 000000000<br>LEI: 335800J8OBWE4VFUDG88 | Long             | EC               | CORP              | IN        |    116212 | NS      | $215441.97    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan                                        | Meituan                                                      | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | CN        |    223890 | NS      | $2967034.89   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co NV/The                     | Magnum Ice Cream Co NV/The                                   | CUSIP: 000000000<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |    165577 | NS      | $2628056.56   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                                        | IMCD NV                                                      | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     48841 | NS      | $4432927.01   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon M&A Center Holdings Inc                  | Nihon M&A Center Holdings Inc                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    845900 | NS      | $3884047.28   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                   | UBS Group AG                                                 | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    114307 | NS      | $5278080.34   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                    | NetEase Inc                                                  | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |    256400 | NS      | $7057459.83   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| MonotaRO Co Ltd                                | MonotaRO Co Ltd                                              | CUSIP: 000000000<br>LEI: 5299005JUER5ANXWTC33 | Long             | EC               | CORP              | JP        |    266200 | NS      | $4238758.72   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| AP Moller - Maersk A/S                         | AP Moller - Maersk A/S                                       | CUSIP: 000000000<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |      1409 | NS      | $3233023.15   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Samudera Indonesia Tbk PT                      | Samudera Indonesia Tbk PT                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |     42480 | NS      | $995.92       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitani Sangyo Co Ltd                           | Mitani Sangyo Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10400 | NS      | $37567.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Financial Group Co Ltd                      | JB Financial Group Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     22329 | NS      | $397583.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                     | Scout24 SE                                                   | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     78876 | NS      | $7922300.19   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Orascom Construction PLC                       | Orascom Construction PLC                                     | CUSIP: 000000000<br>LEI: 254900ZIYKZ3Y4EANH33 | Long             | EC               | CORP              | AE        |      1344 | NS      | $12115.72     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co Ltd                                 | Li Ning Co Ltd                                               | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | CN        |    320500 | NS      | $770103.64    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                        | Recruit Holdings Co Ltd                                      | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |    142500 | NS      | $8007300.38   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Monday.com Ltd                                 | Monday.com Ltd                                               | CUSIP: 000000000<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |     21256 | NS      | $3136535.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Rupa & Co Ltd                                  | Rupa & Co Ltd                                                | CUSIP: 000000000<br>LEI: 3358004HHMERQJZSS122 | Long             | EC               | CORP              | IN        |       325 | NS      | $579.11       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eugene Technology Co Ltd                       | Eugene Technology Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3281 | NS      | $170197.26    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI Emerging Markets ETF              | iShares MSCI Emerging Markets ETF                            | CUSIP: 464287234<br>LEI: 549300BPYHDEDI59G670 | Long             | EC               | RF                | US        |     14720 | NS      | $805331.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dongkuk Holdings Co Ltd                        | Dongkuk Holdings Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8958 | NS      | $46326.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                    | Novartis AG                                                  | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    119435 | NS      | $16457664.57  | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                   | ING Groep NV                                                 | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |    347125 | NS      | $9757070.66   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Ennoconn Corp                                  | Ennoconn Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     25000 | NS      | $227793.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JK Holdings Co Ltd                             | JK Holdings Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3600 | NS      | $31026.54     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fabrica Holdings Co Ltd                        | Fabrica Holdings Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2500 | NS      | $32605.91     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergreen Marine Corp Taiwan L                 | Evergreen Marine Corp Taiwan Ltd                             | CUSIP: 000000000<br>LEI: 254900EIJA0A39C5SO15 | Long             | EC               | CORP              | TW        |    458000 | NS      | $2762863.47   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimano Inc                                    | Shimano Inc                                                  | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |     39500 | NS      | $4130554.78   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen VMAX New Energy Group                 | Shenzhen VMAX New Energy Group Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     76881 | NS      | $362739.72    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hudbay Minerals Inc                            | Hudbay Minerals Inc                                          | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |     14800 | NS      | $293832.65    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                               | Deutsche Bank AG                                             | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |    123928 | NS      | $4776078.22   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                | ASML Holding NV                                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      7596 | NS      | $8184843.20   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| DWS Group GmbH & Co KGaA                       | DWS Group GmbH & Co KGaA                                     | CUSIP: 000000000<br>LEI: 529900VM3464806ERS69 | Long             | EC               | CORP              | DE        |      4493 | NS      | $295297.62    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Komercni Banka AS                              | Komercni Banka AS                                            | CUSIP: 000000000<br>LEI: IYKCAVNFR8QGF00HV840 | Long             | EC               | CORP              | CZ        |      5365 | NS      | $302476.71    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp                      | Korea Electric Power Corp                                    | CUSIP: 000000000<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |     26843 | NS      | $880978.75    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Optimum Fund Trust

**Signature:** Dan Geatens

**Name of Signer:** Dan Geatens

**Title:** Division Director - Head of US Fund Administration