# EDGAR Filing Document

**Accession Number:** 0001323737
**File Stem:** 0001752724-23-071884
**Filing Date:** 2023-3
**Character Count:** 168634
**Document Hash:** c4ce34715f34b8d2a71f7194c00dcd93
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-071884.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-071884

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Managed Account Series
- **CENTRAL INDEX KEY:** 0001323737
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0412

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21763
- **FILM NUMBER:** 23774006

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### BlackRock GA Disciplined Volatility Equity Fund (Series ID: S000057851)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000186831 | Class K       |  |
| C000206473 | Institutional |  |

## Nport-Ex

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund**<br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
|  **Common Stocks** |  |  |
| **Argentina — 0.1%** |  |  |
|  MercadoLibre, Inc.<sup>(a)</sup> | 99 | $116987 |
| **Brazil — 0.8%** |  |  |
|  Ambev SA | 143455 | 386028 |
|  Lojas Renner SA | 96222 | 410000 |
|  |  | 796028 |
| **Canada — 2.9%** |  |  |
|  Brookfield Asset Management Ltd., Class A<sup>(a)</sup> | 9304 | 303758 |
|  Canadian Imperial Bank of Commerce | 3909 | 178447 |
|  Franco-Nevada Corp. | 3199 | 469241 |
|  George Weston Ltd. | 808 | 103946 |
|  Lululemon Athletica, Inc.<sup>(a)</sup> | 1218 | 373780 |
|  Nuvei Corp.<sup>(a)(b)</sup> | 3532 | 124684 |
|  Ritchie Bros Auctioneers, Inc. | 1326 | 80185 |
|  Suncor Energy, Inc. | 6699 | 232505 |
|  TC Energy Corp. | 14474 | 623648 |
|  TELUS Corp. | 18489 | 398391 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2888585 |
| **China — 8.9%** |  |  |
|  Agricultural Bank of China Ltd., Class H | 908000 | 326819 |
|  Bank of China Ltd., Class H | 1639000 | 623909 |
|  Bank of Communications Co. Ltd., Class H | 277000 | 171213 |
|  Bank of Jiangsu Co. Ltd., Class A | 182900 | 201441 |
|  BOC Hong Kong Holdings Ltd. | 87500 | 305803 |
|  BYD Co. Ltd., Class A | 4752 | 203038 |
|  BYD Co. Ltd., Class H | 20500 | 649185 |
|  China Construction Bank Corp., Class H | 908000 | 587740 |
|  China Longyuan Power Group Corp. Ltd., Class H | 79000 | 109055 |
|  China Merchants Bank Co. Ltd., Class H | 41500 | 269174 |
|  China Resources Gas Group Ltd. | 31600 | 132885 |
|  COSCO SHIPPING Holdings Co. Ltd., Class H | 157000 | 162853 |
|  CRRC Corp. Ltd., Class H | 283000 | 128274 |
|  Datang International Power Generation Co. Ltd., Class A<sup>(a)</sup> | 417300 | 171377 |
|  Dongfang Electric Corp. Ltd., Class A | 32200 | 102342 |
|  Fosun International Ltd. | 137000 | 127197 |
|  GoodWe Technologies Co. Ltd., Class A | 3468 | 209936 |
|  Greentown China Holdings Ltd. | 80000 | 117950 |
|  Industrial & Commercial Bank of China Ltd., Class H | 665000 | 355721 |
|  Kingboard Holdings Ltd. | 57500 | 234878 |
|  Koolearn Technology Holding Ltd.<sup>(a)(b)</sup> | 9500 | 77161 |
|  Kunlun Energy Co. Ltd. | 128000 | 100948 |
|  Lenovo Group Ltd. | 74000 | 59353 |
|  Li Auto, Inc., Class A<sup>(a)</sup> | 12900 | 157847 |
|  LONGi Green Energy Technology Co. Ltd., Class A<sup>(a)</sup> | 42200 | 302593 |
|  Meituan, Class B<sup>(a)(b)</sup> | 4160 | 93000 |
|  NetEase, Inc. | 16600 | 294519 |
|  Ningbo Deye Technology Co. Ltd., Class A | 5600 | 290201 |
|  Nongfu Spring Co. Ltd., Class H<sup>(b)</sup> | 17800 | 100762 |
|  PetroChina Co. Ltd., Class H | 768000 | 410842 |
|  Pharmaron Beijing Co. Ltd., Class H<sup>(b)</sup> | 6300 | 46178 |
|  PICC Property & Casualty Co. Ltd., Class H | 114000 | 107177 |
|  Porton Pharma Solutions Ltd., Class A | 33000 | 232088 |
|  Postal Savings Bank of China Co. Ltd., Class H<sup>(b)</sup> | 385000 | 261995 |
|  Pylon Technologies Co. Ltd., Class A | 2727 | 124335 |
|  Shandong Weifang Rainbow Chemical Co. Ltd., Class A | 16600 | 201622 |
|  Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H | 24500 | 78999 |
|  Suzhou TA&A Ultra Clean Technology Co. Ltd., Class A | 7600 | 71751 |
|  Tencent Holdings Ltd. | 2100 | 102331 |
|  Wilmar International Ltd. | 26600 | 82700 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **China (continued)** |  |  |
|  Yadea Group Holdings Ltd.<sup>(b)</sup> | 52000 | $118553 |
|  Zangge Mining Co. Ltd., Class A | 29840 | 123794 |
|  Zijin Mining Group Co. Ltd., Class H | 92000 | 152173 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8781712 |
| **Denmark — 0.9%** |  |  |
|  Novo Nordisk A/S, Class B | 6706 | 928042 |
| **Finland — 0.1%** |  |  |
|  Kone OYJ, Class B | 1057 | 57645 |
| **France — 3.1%** |  |  |
|  Hermes International | 287 | 537123 |
|  L'Oreal SA | 1161 | 479390 |
|  LVMH Moet Hennessy Louis Vuitton SE | 1836 | 1602783 |
|  Societe Generale SA | 3068 | 91324 |
|  TotalEnergies SE | 5101 | 315348 |
|  |  | 3025968 |
| **Germany — 0.4%** |  |  |
|  Symrise AG | 3937 | 418541 |
| **Hong Kong — 1.9%** |  |  |
|  China Resources Power Holdings Co. Ltd. | 24000 | 49991 |
|  CLP Holdings Ltd. | 21500 | 159743 |
|  Hang Seng Bank Ltd. | 6700 | 111576 |
|  HK Electric Investments & HK Electric Investments Ltd., Class SS | 206500 | 142739 |
|  HKT Trust & HKT Ltd., Class SS | 306000 | 400914 |
|  Hong Kong & China Gas Co. Ltd. | 58350 | 58585 |
|  Kingboard Laminates Holdings Ltd. | 137000 | 167047 |
|  Link REIT | 11500 | 92050 |
|  MTR Corp. Ltd. | 53000 | 283630 |
|  Orient Overseas International Ltd. | 18000 | 299211 |
|  SITC International Holdings Co. Ltd. | 65000 | 141999 |
|  |  | 1907485 |
| **India — 2.7%** |  |  |
|  AU Small Finance Bank Ltd.<sup>(b)</sup> | 13835 | 105181 |
|  Bandhan Bank Ltd.<sup>(a)(b)</sup> | 67713 | 202954 |
|  Bharat Electronics Ltd. | 212584 | 247350 |
|  HCL Technologies Ltd. | 20099 | 277157 |
|  Indian Oil Corp. Ltd. | 191178 | 191240 |
|  Infosys Ltd. | 5547 | 104479 |
|  Oil & Natural Gas Corp. Ltd. | 58458 | 104164 |
|  Pidilite Industries Ltd. | 4761 | 132823 |
|  Power Grid Corp. of India Ltd. | 88897 | 235910 |
|  Samvardhana Motherson International Ltd. | 213994 | 198249 |
|  Sun Pharmaceutical Industries Ltd. | 18112 | 229324 |
|  Tata Consultancy Services Ltd. | 10290 | 424706 |
|  Torrent Pharmaceuticals Ltd. | 7462 | 138967 |
|  UPL Ltd. | 8526 | 79078 |
|  |  | 2671582 |
| **Indonesia — 0.0%** |  |  |
|  Bank Central Asia Tbk PT | 50200 | 28382 |
| **Ireland — 0.8%** |  |  |
|  Allegion PLC | 1311 | 154108 |
|  Kingspan Group PLC | 4768 | 306659 |
|  Trane Technologies PLC | 1743 | 312206 |
|  |  | 772973 |
| **Italy — 0.8%** |  |  |
|  Ferrari NV | 3037 | 758898 |
| **Japan — 7.4%** |  |  |
|  Astellas Pharma, Inc. | 34800 | 512261 |

---

------

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund** <br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **Japan (continued)** |  |  |
|  Chugai Pharmaceutical Co. Ltd. | 11600 | $300731 |
|  Daiwa Securities Group, Inc. | 65300 | 308157 |
|  East Japan Railway Co. | 1800 | 100365 |
|  Hoya Corp. | 1100 | 120969 |
|  Kakaku.com, Inc. | 7900 | 131709 |
|  Kansai Electric Power Co., Inc. | 13900 | 133678 |
|  Kao Corp. | 2400 | 97012 |
|  KDDI Corp. | 8500 | 265569 |
|  Keio Corp. | 8200 | 300977 |
|  Keyence Corp. | 400 | 184148 |
|  Kikkoman Corp. | 1900 | 100495 |
|  Kobayashi Pharmaceutical Co. Ltd. | 4000 | 287168 |
|  Konami Group Corp. | 5300 | 260619 |
|  Mitsubishi Heavy Industries Ltd. | 3400 | 133314 |
|  MS&AD Insurance Group Holdings, Inc. | 11900 | 381677 |
|  Nippon Sanso Holdings Corp. | 6600 | 107652 |
|  Nissan Chemical Corp. | 2400 | 113303 |
|  Nomura Research Institute Ltd. | 15600 | 374518 |
|  Odakyu Electric Railway Co. Ltd. | 11900 | 156454 |
|  Osaka Gas Co. Ltd. | 12900 | 208166 |
|  Otsuka Holdings Co. Ltd. | 19700 | 631984 |
|  Recruit Holdings Co. Ltd. | 5100 | 164017 |
|  Secom Co. Ltd. | 3500 | 208515 |
|  Shimadzu Corp. | 6000 | 184386 |
|  Shionogi & Co. Ltd. | 2400 | 114371 |
|  SoftBank Corp. | 22300 | 255159 |
|  Suntory Beverage & Food Ltd. | 8300 | 280272 |
|  Terumo Corp. | 22100 | 643339 |
|  Tobu Railway Co. Ltd. | 7900 | 185359 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7246344 |
| **Mexico — 0.7%** |  |  |
|  Fomento Economico Mexicano SAB de CV | 12022 | 105303 |
|  Grupo Aeroportuario del Sureste SAB de CV, Class B | 8016 | 217720 |
|  Grupo Financiero Banorte SAB de CV, Class O | 7070 | 58642 |
|  Wal-Mart de Mexico SAB de CV | 70311 | 275412 |
|  |  | 657077 |
| **Netherlands — 1.3%** |  |  |
|  ASML Holding NV | 1889 | 1249853 |
| **Saudi Arabia — 0.9%** |  |  |
|  ACWA Power Co. | 2068 | 83955 |
|  Arabian Internet & Communications Services Co. | 3969 | 268757 |
|  Dr Sulaiman Al Habib Medical Services Group Co. | 2202 | 137631 |
|  SABIC Agri-Nutrients Co. | 5762 | 211265 |
|  Saudi Telecom Co. | 15687 | 154818 |
|  |  | 856426 |
| **Singapore — 1.2%** |  |  |
|  Capitaland Investment Ltd. | 74400 | 225403 |
|  DBS Group Holdings Ltd. | 1100 | 29966 |
|  Keppel Corp. Ltd. | 51300 | 296189 |
|  Oversea-Chinese Banking Corp. Ltd. | 33200 | 328027 |
|  Singapore Technologies Engineering Ltd. | 94200 | 264847 |
|  |  | 1144432 |
| **South Africa — 0.5%** |  |  |
|  Anglo American Platinum Ltd. | 2270 | 168822 |
|  Kumba Iron Ore Ltd. | 9281 | 284185 |
|  Spar Group Ltd. | 11344 | 89611 |
|  |  | 542618 |
| **South Korea — 1.1%** |  |  |
|  Celltrion Healthcare Co. Ltd. | 4409 | 206343 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **South Korea (continued)** |  |  |
|  Cheil Worldwide, Inc. | 18042 | $322424 |
|  Hyundai Heavy Industries Co. Ltd. | 911 | 82694 |
|  Hyundai Mipo Dockyard Co. Ltd. | 968 | 63569 |
|  Korea Shipbuilding & Offshore Engineering Co. Ltd. | 6469 | 420147 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1095177 |
| **Sweden — 1.0%** |  |  |
|  Atlas Copco AB, A Shares | 15715 | 186475 |
|  Epiroc AB, Class A | 9520 | 185228 |
|  Hexagon AB, B Shares | 37214 | 426603 |
|  Swedbank AB, A Shares | 9558 | 183862 |
|  |  | 982168 |
| **Switzerland — 1.6%** |  |  |
|  Lonza Group AG, Registered Shares | 1555 | 887036 |
|  Nestle SA, Registered Shares | 4011 | 489378 |
|  STMicroelectronics NV | 4017 | 189154 |
|  |  | 1565568 |
| **Taiwan — 3.3%** |  |  |
|  Chunghwa Telecom Co. Ltd. | 113000 | 422294 |
|  CTBC Financial Holding Co. Ltd. | 218000 | 166688 |
|  Far EasTone Telecommunications Co. Ltd. | 220000 | 489395 |
|  Globalwafers Co. Ltd. | 5000 | 87725 |
|  Hua Nan Financial Holdings Co. Ltd. | 256432 | 195099 |
|  Lite-On Technology Corp. | 46000 | 102217 |
|  Nan Ya Printed Circuit Board Corp. | 19000 | 156020 |
|  Taiwan Cooperative Financial Holding Co. Ltd. | 260755 | 230421 |
|  Taiwan Mobile Co. Ltd. | 46000 | 145139 |
|  Taiwan Semiconductor Manufacturing Co. Ltd. | 26000 | 458816 |
|  Unimicron Technology Corp. | 108000 | 497232 |
|  Wiwynn Corp. | 12000 | 301412 |
|  |  | 3252458 |
| **United Kingdom — 1.7%** |  |  |
|  Auto Trader Group PLC<sup>(b)</sup> | 39857 | 309230 |
|  Ferguson PLC | 1886 | 268453 |
|  Linde PLC<sup>(a)</sup> | 712 | 235629 |
|  London Stock Exchange Group PLC | 2443 | 223644 |
|  Spirax-Sarco Engineering PLC | 4437 | 633790 |
|  |  | 1670746 |
| **United States — 55.1%** |  |  |
|  Adobe, Inc.<sup>(a)</sup> | 548 | 202946 |
|  Advance Auto Parts, Inc. | 1399 | 213040 |
|  Airbnb, Inc., Class A<sup>(a)</sup> | 1201 | 133443 |
|  Akamai Technologies, Inc.<sup>(a)</sup> | 3275 | 291311 |
|  Alliant Energy Corp. | 9882 | 533924 |
|  Alphabet, Inc., Class C<sup>(a)</sup> | 5261 | 525416 |
|  Altria Group, Inc. | 7936 | 357437 |
|  American Electric Power Co., Inc. | 2725 | 256041 |
|  AmerisourceBergen Corp. | 1966 | 332175 |
|  Amgen, Inc. | 3380 | 853112 |
|  ANSYS, Inc.<sup>(a)</sup> | 2703 | 719971 |
|  Aspen Technology, Inc.<sup>(a)</sup> | 827 | 164366 |
|  AT&T, Inc. | 25090 | 511083 |
|  AutoZone, Inc.<sup>(a)</sup> | 334 | 814576 |
|  Baker Hughes Co. | 5609 | 178030 |
|  Baxter International, Inc. | 11871 | 542386 |
|  Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | 1159 | 361052 |
|  Bill.com Holdings, Inc.<sup>(a)</sup> | 970 | 112151 |
|  BioMarin Pharmaceutical, Inc.<sup>(a)</sup> | 2066 | 238313 |
|  Booking Holdings, Inc.<sup>(a)</sup> | 201 | 489254 |
|  Booz Allen Hamilton Holding Corp., Class A | 2511 | 237641 |
|  Boston Scientific Corp.<sup>(a)</sup> | 5475 | 253219 |

---

S C H E D U L E O F I N V E S T M E N T S 2

------

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund**<br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **United States (continued)** |  |  |
|  Bristol-Myers Squibb Co. | 3225 | $234296 |
|  Brown-Forman Corp., Class B | 5441 | 362262 |
|  Cadence Design Systems, Inc.<sup>(a)</sup> | 6379 | 1166273 |
|  Cardinal Health, Inc. | 2883 | 222712 |
|  Carrier Global Corp. | 5004 | 227832 |
|  CDW Corp. | 1319 | 258564 |
|  Centene Corp.<sup>(a)</sup> | 2898 | 220944 |
|  Ceridian HCM Holding, Inc.<sup>(a)</sup> | 1712 | 123743 |
|  Cheniere Energy, Inc. | 1290 | 197099 |
|  Chevron Corp. | 659 | 114679 |
|  Cigna Corp. | 1140 | 361004 |
|  Cintas Corp. | 379 | 168177 |
|  Cisco Systems, Inc. | 21759 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1059011 |
|  CME Group, Inc., Class A | 2697 | 476452 |
|  CMS Energy Corp. | 1947 | 123031 |
|  Coca-Cola Co. | 6322 | 387665 |
|  Colgate-Palmolive Co. | 6586 | 490855 |
|  Comcast Corp., Class A | 12996 | 511393 |
|  Consolidated Edison, Inc. | 63 | 6005 |
|  Copart, Inc.<sup>(a)</sup> | 6760 | 450284 |
|  Costco Wholesale Corp. | 1730 | 884272 |
|  Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 4007 | 424341 |
|  Datadog, Inc., Class A<sup>(a)</sup> | 4036 | 301933 |
|  Delta Air Lines, Inc.<sup>(a)</sup> | 12299 | 480891 |
|  Dollar General Corp. | 409 | 95542 |
|  Duke Energy Corp. | 2130 | 218219 |
|  eBay, Inc. | 6783 | 335759 |
|  Edison International | 1810 | 124709 |
|  Eli Lilly & Co. | 1149 | 395428 |
|  Entergy Corp. | 789 | 85433 |
|  Eversource Energy | 8888 | 731749 |
|  Expedia Group, Inc.<sup>(a)</sup> | 1181 | 134988 |
|  Expeditors International of Washington, Inc. | 2350 | 254153 |
|  Exxon Mobil Corp. | 1832 | 212530 |
|  FactSet Research Systems, Inc. | 388 | 164101 |
|  Fastenal Co. | 6453 | 326199 |
|  Fidelity National Information Services, Inc. | 2325 | 174468 |
|  FleetCor Technologies, Inc.<sup>(a)</sup> | 1188 | 248066 |
|  Floor & Decor Holdings, Inc., Class A<sup>(a)</sup> | 2361 | 214308 |
|  Fortinet, Inc.<sup>(a)</sup> | 4179 | 218729 |
|  Gartner, Inc.<sup>(a)</sup> | 1025 | 346594 |
|  Gen Digital, Inc. | 13547 | 311716 |
|  General Mills, Inc. | 4298 | 336791 |
|  Genuine Parts Co. | 1493 | 250555 |
|  Gilead Sciences, Inc. | 17013 | 1428071 |
|  Healthpeak Properties, Inc. | 7330 | 201428 |
|  Hershey Co. | 1032 | 231787 |
|  Hewlett Packard Enterprise Co. | 5382 | 86812 |
|  Hilton Worldwide Holdings, Inc. | 2405 | 348941 |
|  Honeywell International, Inc. | 723 | 150731 |
|  Hormel Foods Corp. | 3231 | 146397 |
|  HubSpot, Inc.<sup>(a)</sup> | 454 | 157543 |
|  Humana, Inc. | 587 | 300368 |
|  Incyte Corp.<sup>(a)</sup> | 3408 | 290157 |
|  Intuit, Inc. | 1684 | 711776 |
|  Intuitive Surgical, Inc.<sup>(a)</sup> | 2363 | 580565 |
|  Johnson & Johnson | 1473 | 240718 |
|  JPMorgan Chase & Co. | 561 | 78518 |
|  Kellogg Co. | 4236 | 290505 |
|  Keurig Dr. Pepper, Inc. | 13282 | 468589 |
|  Keysight Technologies, Inc.<sup>(a)</sup> | 1007 | 180605 |
|  Kimberly-Clark Corp. | 2264 | 294343 |
|  Kinder Morgan, Inc. | 8794 | 160930 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **United States (continued)** |  |  |
|  Kroger Co. | 17172 | $766386 |
|  Liberty Broadband Corp., Class C<sup>(a)</sup> | 3738 | 335598 |
|  Loews Corp. | 5980 | 367650 |
|  Lowe's Cos., Inc. | 381 | 79343 |
|  Lumen Technologies, Inc.<sup>(a)</sup> | 21416 | 112434 |
|  Marathon Oil Corp. | 10272 | 282172 |
|  Marathon Petroleum Corp. | 1130 | 145228 |
|  Marsh & McLennan Cos., Inc. | 2814 | 492197 |
|  Masimo Corp.<sup>(a)</sup> | 1746 | 296960 |
|  Mastercard, Inc., Class A | 4745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1758497 |
|  McDonald's Corp. | 41 | 10963 |
|  McKesson Corp. | 952 | 360503 |
|  Merck & Co., Inc. | 9957 | 1069481 |
|  MetLife, Inc. | 3045 | 222346 |
|  MGM Resorts International | 7553 | 312770 |
|  Microsoft Corp. | 4129 | 1023208 |
|  Motorola Solutions, Inc. | 264 | 67851 |
|  Newmont Corp. | 15364 | 813217 |
|  NextEra Energy, Inc. | 3375 | 251876 |
|  NIKE, Inc., Class B | 3609 | 459534 |
|  NRG Energy, Inc. | 6449 | 220685 |
|  ONEOK, Inc. | 1378 | 94365 |
|  Otis Worldwide Corp. | 2462 | 202450 |
|  Palo Alto Networks, Inc.<sup>(a)</sup> | 2359 | 374232 |
|  Paychex, Inc. | 1576 | 182595 |
|  Paycom Software, Inc.<sup>(a)</sup> | 946 | 306447 |
|  Paylocity Holding Corp.<sup>(a)</sup> | 479 | 99771 |
|  PepsiCo, Inc. | 7080 | 1210822 |
|  Philip Morris International, Inc. | 2964 | 308967 |
|  Procter & Gamble Co. | 1673 | 238202 |
|  Progressive Corp. | 1251 | 170574 |
|  Public Storage | 1262 | 384077 |
|  Regeneron Pharmaceuticals, Inc.<sup>(a)</sup> | 102 | 77364 |
|  Republic Services, Inc. | 3500 | 436870 |
|  S&P Global, Inc. | 2260 | 847364 |
|  Salesforce, Inc.<sup>(a)</sup> | 1954 | 328213 |
|  Schlumberger Ltd. | 6721 | 382963 |
|  Seagen, Inc.<sup>(a)</sup> | 2604 | 363206 |
|  Sealed Air Corp. | 3500 | 191660 |
|  ServiceNow, Inc.<sup>(a)</sup> | 312 | 142001 |
|  Snowflake, Inc., Class A<sup>(a)</sup> | 1570 | 245611 |
|  Southern Co. | 6103 | 413051 |
|  Southwest Airlines Co. | 6243 | 223312 |
|  Splunk, Inc.<sup>(a)</sup> | 3469 | 332226 |
|  Thermo Fisher Scientific, Inc. | 1069 | 609683 |
|  TransDigm Group, Inc. | 526 | 377537 |
|  Travelers Cos., Inc. | 1399 | 267377 |
|  UnitedHealth Group, Inc. | 1465 | 731313 |
|  VeriSign, Inc.<sup>(a)</sup> | 3795 | 827500 |
|  Verisk Analytics, Inc. | 3502 | 636629 |
|  Verizon Communications, Inc. | 10872 | 451949 |
|  Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 2384 | 770270 |
|  VF Corp. | 8014 | 247953 |
|  Viatris, Inc. | 19 | 231 |
|  Visa, Inc., Class A | 358 | 82415 |
|  Walgreens Boots Alliance, Inc. | 13683 | 504355 |
|  Walmart, Inc. | 1215 | 174802 |
|  Walt Disney Co.<sup>(a)</sup> | 1519 | 164796 |
|  Warner Bros Discovery, Inc., Class A<sup>(a)</sup> | 606 | 8981 |
|  Waste Management, Inc. | 1592 | 246330 |
|  WEC Energy Group, Inc. | 9378 | 881438 |
|  West Pharmaceutical Services, Inc. | 1025 | 272240 |
|  Workday, Inc., Class A<sup>(a)</sup> | 2121 | 384813 |

---

3.0 ------

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund**<br> **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares* | *Value* |
| **United States (continued)** |  |  |
|  Zoetis, Inc. | 910 | $150596 |
|  Zscaler, Inc.<sup>(a)</sup> | 2723 | 338088 |
|  |  | 54237964 |
|  **Total Common Stocks — 99.2%<br>(Cost: $91,055,502)** |  | 97653659 |
|  **Preferred Securities** |  |  |
| **Preferred Stocks — 0.2%** |  |  |
| **Brazil — 0.2%** |  |  |
|  Cia Energetica de Minas Gerais, Preference Shares | 85946 | 194028 |
|  **Total Preferred Securities — 0.2%<br>(Cost: $188,583)** |  | 194028 |
| **Total Long-Term Investments — 99.4%<br>(Cost: $91,244,085)** |  | 97847687 |
|  **Short-Term Securities** |  |  |
| **Money Market Funds —** |  |  |
|  BlackRock Liquidity Funds, T-Fund, Institutional Class, 4.07%<sup>(c)(d)</sup> | 5604 | 5604 |
|  **Total Short-Term Securities — 0.0%<br>(Cost: $5,604)** |  | 5604 |
|  **Total Investments — 99.4%<br>(Cost: $91,249,689)** |  | 97853291 |
|  **Other Assets Less Liabilities — 0.6%** |  | 606279 |
|  **Net Assets — 100.0%** |  | $&nbsp;&nbsp;&nbsp;&nbsp;98459570 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

<sup>(c)</sup> Affiliate of the Fund.

<sup>(d)</sup> Annualized 7-day yield as of period end.

**Affiliates** 

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at<br>04/30/22* | *Purchases<br>at Cost* | *Proceeds<br>from Sales* | *Net<br>Realized<br>Gain (Loss)* | *Change in<br>Unrealized<br>Appreciation<br>(Depreciation)* | *Value at<br>01/31/23* | *Shares<br>Held at<br>01/31/23* | *Income* | *Capital Gain<br>Distributions<br>from<br>Underlying<br>Funds* |
|  BlackRock Liquidity Funds, T-Fund, Institutional Class | $8460212 | $— | $(8454608)<sup>(a)</sup> | $— | $– $| 5604 | 5604 | $100231 | $— |
|  iShares Gold Trust<sup>(b)</sup> |  | 121432 | (124815) | 3383 | – |  |  |  |  |
|  |  |  |  | $3383 | $– $| 5604 |  | $100231 | $— |

---

<sup>(a)</sup> Represents net amount purchased (sold). 

<sup>(b)</sup> As of period end, the entity is no longer held.

**Derivative Financial Instruments Outstanding as of Period End** 

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of<br>Contracts* | *Expiration<br>Date* | *Notional<br>Amount (000)* | *Value/<br>Unrealized<br>Appreciation<br>(Depreciation)* |
|  Short Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 E-Mini Index | 1 | 03/17/23 | $205 | $(2115) |

---

S C H E D U L E O F I N V E S T M E N T S 4

------

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund** |

---

**Forward Foreign Currency Exchange Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| *Currency Purchased* | *Currency Purchased* | *Currency Sold* | *Currency Sold* | *Counterparty* | *Settlement Date* | *Unrealized<br>Appreciation<br>(Depreciation)* |
| JPY | 306213326 | USD | 2283987 | Bank of America N.A. | 02/16/23 | $72983 |
| INR | 224899589 | USD | 2711103 | Citibank N.A. | 03/15/23 | 31245 |
|  |  |  |  |  |  | 104228 |
| USD | 4069285 | EUR | 3806465 | JPMorgan Chase Bank N.A. | 02/16/23 | (72814) |
| HKD | 10484276 | USD | 1347153 | JPMorgan Chase Bank N.A. | 03/15/23 | (7305) |
|  |  |  |  |  |  | (80119) |
|  |  |  |  |  |  | $24109 |

---

**OTC Total Return Swaps** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| *Reference Entity* | *Payment<br>Frequency* | *Counterparty<sup>(a)</sup>* | *Termination*<br> *Date* | *Net Notional* | *Accrued<br>Unrealized<br>Appreciation*<br> *(Depreciation)* | *Net Value of<br>Reference<br>Entity* | *Gross<br>Notional<br>Amount<br>Net Asset<br>Percentage* |
|  Equity Securities Long/Short | Monthly | Citibank N.A.<sup>(b)</sup> | 02/24/23 – 08/12/25 | $(3043061) | $(152415)<sup>(c)</sup> | $(3195474) | 14.7% |
|  | Monthly | JPMorgan Chase Bank N.A.<sup>(d)</sup> | 02/08/23 | (4605233) | (483948)<sup>(e)</sup> | (5089182) | 14.0 |
|  |  |  |  |  | $(636363) | $(8284656) |  |

---

<sup>(a)</sup> The Fund receives the total return on a portfolio of long positions underlying the total return swap. The Fund pays the total return on a portfolio of short positions underlying the total return swap. In addition, the Fund pays or receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon the country and/or currency of the individual underlying positions. 

<sup>(c)</sup> Amount includes $12,824 of net dividends and financing fees. 

<sup>(e)</sup> Amount includes $(12384) of net dividends and financing fees. 

The following are the specified benchmarks (plus or minus a range) used in determining the variable rate of interest:

---

| | | |
|:---|:---|:---|
|  | (b) | (d) |
| Range: | 15-232 basis points | 15-107 basis points |
| Benchmarks: | USD - 1D Overnight Bank Funding Rate (OBFR01) | USD - 1D Overnight Bank Funding Rate (OBFR01) |

---

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with Citibank N.A. as of period end, termination dates on February 24, 2023, June 5, 2025, June 26, 2025, July 3, 2025 and August 12, 2025:

---

| | | | |
|:---|:---|:---|:---|
| *Security* | *Shares* | *Value* | *% of<br>Basket<br>Value* |
|  **Reference Entity — Long** |  |  |  |
| **Common Stocks** |  |  |  |
| **Belgium** |  |  |  |
|  KBC Group NV | 1512 | $&nbsp;&nbsp;&nbsp;&nbsp;111990 | (3.5)% |
| **Denmark** |  |  |  |
|  Brenntag SE | 1850 | 138099 | (4.3) |
|  Coloplast A/S, Class B | 2056 | 248230 | (7.8) |
|  Nemetschek SE | 1008 | 53892 | (1.7) |
|  Novozymes A/S | 4187 | 217877 | (6.8) |
|  Orsted A/S | 2552 | 227261 | (7.1) |
|  |  | 885359 |  |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* | *Shares* | *Value* | *% of<br>Basket<br>Value* |
|  **Finland** |  |  |  |
|  Kesko OYJ, B Shares | 5119 | $&nbsp;&nbsp;&nbsp;&nbsp;119239 | (3.7)% |
| **France** |  |  |  |
|  Carrefour SA | 8198 | 155934 | (4.9) |
|  Dassault Systemes SE | 6386 | 237501 | (7.4) |
|  Teleperformance | 588 | 163456 | (5.1) |
|  |  | 556891 |  |
| **Germany** |  |  |  |
|  Scout24 SE | 4907 | 285676 | (8.9) |
| **Italy** |  |  |  |
|  Snam SpA | 94314 | 480391 | (15.0) |
| **Netherlands** |  |  |  |
|  ASML Holding NV | 130 | 86014 | (2.7) |
|  EXOR NV | 1077 | 85609 | (2.7) |
|  Heineken Holding NV | 3279 | 270734 | (8.5) |
|  |  | 442357 |  |

---

5.0 ------

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund** |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* | *Shares* | *Value* | *% of<br>Basket<br>Value* |
| **Sweden** |  |  |  |
|  Telia Co. AB | 199938 | $516368 | (16.2)% |
| **Switzerland** |  |  |  |
|  Coca-Cola HBC AG | 4118 | 100073 | (3.2) |
|  Kuehne & Nagel International AG, Registered Shares | 992 | 236549 | (7.4) |
|  Novartis AG, Registered Shares | 4948 | 447344 | (14.0) |
|  Swisscom AG, Registered Shares | 1191 | 703709 | (22.0) |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1487675 |  |
| **United States** |  |  |  |
|  Haleon PLC | 80560 | 322834 | (10.1) |
| **Preferred Stocks** |  |  |  |
| **Denmark** |  |  |  |
|  Dr Ing hc F Porsche AG | 4561 | 542297 | (17.0) |
|  **Total Reference Entity — Long** |  | 5751077 |  |
|  **Reference Entity — Short** |  |  |  |
| **Common Stocks** |  |  |  |
| **Brazil** |  |  |  |
|  Cosan SA | (16639) | (54739) | 1.7 |
|  Equatorial Energia SA | (50675) | (279714) | 8.7 |
|  Hapvida Participacoes e Investimentos S/A | (326212) | (330948) | 10.4 |
|  |  | (665401) |  |
| **China** |  |  |  |
|  China Traditional Chinese Medicine Holdings Co. Ltd. | (204000) | (97739) | 3.1 |
|  Innovent Biologics Inc. | (11500) | (62634) | 2.0 |
|  Longfor Group Holdings Ltd. | (21000) | (69386) | 2.2 |
|  Zhaojin Mining Industry Co.Ltd, Class H | (173500) | (199666) | 6.2 |
|  ZhongAn Online P&C Insurance Co. Ltd., Class H | (104000) | (346626) | 10.8 |
|  Zhuzhou CRRC Times Electric Co., Ltd. | (5100) | (27169) | 0.8 |
|  |  | (803220) |  |
| **Denmark** |  |  |  |
|  LEG Immobilien SE | (1725) | (134850) | 4.2 |
|  ROCKWOOL A/S, B Shares | (727) | (208440) | 6.5 |
|  Sartorius AG | (357) | (160083) | 5.0 |
|  Vestas Wind Systems A/S | (6619) | (193683) | 6.1 |
|  Zalando SE | (2059) | (96021) | 3.0 |
|  |  | (793077) |  |
| **France** |  |  |  |
|  Alstom SA | (4592) | (136544) | 4.3 |
| **Germany** |  |  |  |
|  Siemens Healthineers AG | (6051) | (324507) | 10.2 |
| **Hong Kong** |  |  |  |
|  Swire Pacific Ltd., Class A | (10000) | (91639) | 2.9 |
| **Japan** |  |  |  |
|  Hikari Tsushin, Inc. | (1400) | (199834) | 6.3 |
|  Makita Corp. | (2800) | (74583) | 2.3 |
|  |  | (274417) |  |
| **Mexico** |  |  |  |
|  Grupo Financiero Inbursa SAB de CV, Class O | (127950) | (275190) | 8.6 |
| **Morocco** |  |  |  |
|  Sands China Ltd. | (35600) | (133503) | 4.2 |
| **Netherlands** |  |  |  |
|  ASM International NV | (256) | (86581) | 2.7 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* | *Shares* | *Value* | *% of<br>Basket<br>Value* |
| **Norway** |  |  |  |
|  Adevinta ASA | (27158) | $(232821) | 7.3% |
|  Aker Bp ASA | (14194) | (432374) | 13.5 |
|  |  | (665195) |  |
| **Poland** |  |  |  |
|  KGHM Polska Miedz SA | (4188) | (136919) | 4.3 |
| **Singapore** |  |  |  |
|  Grab Holdings Ltd., Class A | (29898) | (113313) | 3.5 |
| **South Korea** |  |  |  |
|  Hanwha Solutions Corp. | (2811) | (104174) | 3.3 |
| **Spain** |  |  |  |
|  CaixaBank SA | (44090) | (195625) | 6.1 |
| **Sweden** |  |  |  |
|  Fastighets AB Balder, Class B | (98200) | (505950) | 15.8 |
| **Switzerland** |  |  |  |
|  Bachem Holding AG | (2632) | (232758) | 7.3 |
| **United Kingdom** |  |  |  |
|  Clarivate PLC | (7463) | (82989) | 2.6 |
| **United States** |  |  |  |
|  Advanced Micro Devices, Inc. | (3342) | (251151) | 7.9 |
|  Affirm Holdings, Inc. | (13441) | (217610) | 6.8 |
|  Burlington Stores, Inc. | (696) | (159962) | 5.0 |
|  Charles River Laboratories International, Inc. | (1058) | (257358) | 8.1 |
|  Coinbase Global, Inc., Class A | (6998) | (409243) | 12.8 |
|  Ford Motor Co. | (28869) | (390020) | 12.2 |
|  Match Group, Inc. | (1555) | (84157) | 2.6 |
|  Plug Power, Inc. | (18675) | (317848) | 10.0 |
|  ROBLOX Corp., Class A | (6690) | (248935) | 7.8 |
|  STERIS PLC | (501) | (103461) | 3.2 |
|  SVB Financial Group | (288) | (87103) | 2.7 |
|  Take-Two Interactive Software, Inc. | (3500) | (396305) | 12.4 |
|  Texas Pacific Land Corp. | (67) | (133722) | 4.2 |
|  Uber Technologies, Inc. | (5263) | (162785) | 5.1 |
|  Wolfspeed, Inc. | (1375) | (105889) | 3.3 |
|  |  | (3325549) |  |
|  **Total Reference Entity — Short** | **Total Reference Entity — Short** | (8946551) |  |
|  **Net Value of Reference Entity — Citibank N.A** | **Net Value of Reference Entity — Citibank N.A** | $(3195474) |  |

---

S C H E D U L E O F I N V E S T M E N T S 6

------

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund** |

---

The following table represents the individual long and short positions and related values of the equity securities underlying the total return swap with JPMorgan Chase Bank N.A. as of period end, termination date on February 8, 2023:

---

| | | | |
|:---|:---|:---|:---|
| *Security* | *Shares* | *Value* | *% of<br>Basket<br>Value* |
|  **Reference Entity — Long** |  |  |  |
| **Common Stocks** |  |  |  |
| **Australia** |  |  |  |
|  Medibank Private Ltd. | 163655 | $340941 | (6.7)% |
| **France** |  |  |  |
|  Hermes International | 64 | 119777 | (2.4) |
|  Kering SA | 346 | 215889 | (4.2) |
|  La Francaise des Jeux SAEM | 4504 | 192717 | (3.8) |
|  Ubisoft Entertainment SA | 8711 | 180375 | (3.5) |
|  |  | 708758 |  |
| **Germany** |  |  |  |
|  United Internet AG, Registered Shares | 7004 | 162607 | (3.2) |
| **Italy** |  |  |  |
|  FinecoBank Banca Fineco SpA | 4668 | 83799 | (1.7) |
| **Netherlands** |  |  |  |
|  Adyen NV | 190 | 287262 | (5.6) |
|  Koninklijke Ahold Delhaize NV | 27897 | 832641 | (16.4) |
|  |  | 1119903 |  |
| **Norway** |  |  |  |
|  Orkla ASA | 16242 | 121258 | (2.4) |
|  Telenor ASA | 26061 | 272823 | (5.3) |
|  |  | 394081 |  |
| **Poland** |  |  |  |
|  Santander Bank Polska SA | 1035 | 68809 | (1.4) |
| **Spain** |  |  |  |
|  Industria de Diseno Textil SA | 8664 | 270497 | (5.3) |
| **Switzerland** |  |  |  |
|  Roche Holding AG | 4202 | 1311740 | (25.8) |
|  Roche Holding AG | 205 | 75038 | (1.5) |
|  |  | 1386778 |  |
| **United Kingdom** |  |  |  |
|  Admiral Group PLC | 3406 | 92593 | (1.8) |
|  **Total Reference Entity — Long** |  | 4628766 |  |
|  **Reference Entity — Short** |  |  |  |
| **Common Stocks** |  |  |  |
| **Australia** |  |  |  |
|  Pilbara Minerals Ltd. | (53945) | (183516) | 3.6 |
| **Brazil** |  |  |  |
|  Localiza Rent a Car SA | (6933) | (80867) | 1.6 |
|  Petro Rio SA | (7430) | (61620) | 1.2 |
|  |  | (142487) |  |
| **Canada** |  |  |  |
|  Shaw Communications, Inc., Class B | (7745) | (230508) | 4.5 |
| **China** |  |  |  |
|  Bilibili, Inc., Class Z | (1920) | (47917) | 0.9 |
|  China Gas Holdings Ltd. | (95200) | (148209) | 2.9 |
|  Chinasoft International Ltd. | (86000) | (75609) | 1.5 |
|  Dongyue Group Ltd. | (117000) | (140069) | 2.8 |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* | *Shares* | *Value* | *% of<br>Basket<br>Value* |
| **China (continued)** |  |  |  |
|  Microport Scientific Corp. | (144600) | $(453729) | 8.9% |
|  Tongcheng Travel Holdings Ltd. | (52000) | (117822) | 2.3 |
|  Xiaomi Corp., Class B | (355200) | (587589) | 11.6 |
|  Xtep International Holdings Ltd. | (153000) | (204004) | 4.0 |
|  Yuexiu Property Co. Ltd. | (74000) | (107649) | 2.1 |
|  Zhuzhou CRRC Times Electric Co., Ltd. | (34400) | (183261) | 3.6 |
|  |  | (2065858) |  |
| **Germany** |  |  |  |
|  Covestro AG | (8897) | (409658) | 8.1 |
|  Delivery Hero SE | (1859) | (112389) | 2.2 |
|  |  | (522047) |  |
| **Hong Kong** |  |  |  |
|  Nine Dragons Paper Holdings Ltd. | (349000) | (312863) | 6.1 |
|  Techtronic Industries Co. Ltd. | (5000) | (64459) | 1.3 |
|  |  | (377322) |  |
| **Ireland** |  |  |  |
|  AerCap Holdings NV | (9514) | (601380) | 11.8 |
| **Italy** |  |  |  |
|  Telecom Italia SpA | (995778) | (286692) | 5.7 |
| **Japan** |  |  |  |
|  Lasertec Corp. | (1500) | (283984) | 5.6 |
| **Netherlands** |  |  |  |
|  Just Eat Takeaway.com NV | (6100) | (156487) | 3.1 |
| **South Korea** |  |  |  |
|  HYBE Co. Ltd. | (687) | (108088) | 2.1 |
|  Iljin Materials Co., Ltd. | (3227) | (165933) | 3.3 |
|  Kakao Corp. | (8618) | (433807) | 8.5 |
|  NCSoft Corp. | (656) | (242806) | 4.8 |
|  Posco Chemical Co., Ltd. | (653) | (119694) | 2.3 |
|  |  | (1070328) |  |
| **Sweden** |  |  |  |
|  Securitas AB, B Shares | (26382) | (241489) | 4.8 |
| **Switzerland** |  |  |  |
|  Credit Suisse Group AG, Registered Shares | (82857) | (285432) | 5.6 |
| **United Kingdom** |  |  |  |
|  Ocado Group PLC | (40265) | (322216) | 6.3 |
| **United States** |  |  |  |
|  Block, Inc. | (3954) | (323121) | 6.3 |
|  Catalent, Inc. | (2035) | (108974) | 2.1 |
|  Cleveland-Cliffs, Inc. | (3807) | (81279) | 1.6 |
|  DISH Network Corp., Class A | (18727) | (269482) | 5.3 |
|  Dr Horton Inc. | (2091) | (206361) | 4.1 |
|  Illumina, Inc. | (608) | (130234) | 2.6 |
|  Iron Mountain, Inc. | (1914) | (104466) | 2.1 |
|  KKR & Co., Inc. | (2684) | (149794) | 2.9 |
|  Novocure Ltd. | (2350) | (214273) | 4.2 |
|  Oracle Corp. | (2313) | (204608) | 4.0 |
|  Paramount Global, Class B | (8716) | (201863) | 4.0 |
|  PulteGroup, Inc. | (1628) | (92617) | 1.8 |
|  Rivian Automotive, Inc., Class A | (12373) | (240036) | 4.7 |
|  Roku, Inc. | (6409) | (368518) | 7.2 |

---

7.0 ------

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund** |

---

---

| | | | |
|:---|:---|:---|:---|
| *Security* | *Shares* | *Value* | *%of<br>Basket<br>Value* |
| **United States (continued)** |  |  |  |
|  Target Corp. | (609) | $(104833) | 2.1% |
|  Teledyne Technologies, Inc. | (348) | (147642) | 2.9 |
|  |  | (2948101) |  |
|  |  | (9717847) |  |
|  **Rights** |  |  |  |
|  **Brazil** |  |  |  |
|  Localiza Rent a Car SA | (30) | (101) | 0.0 |
|  **Total Reference Entity — Short** | **Total Reference Entity — Short** | (9717948) |  |
|  **Net Value of Reference Entity — JPMorgan Chase Bank N.A.** | **Net Value of Reference Entity — JPMorgan Chase Bank N.A.** | $(5089182) |  |

---

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Fund
has the ability to access;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in
markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves,
volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market–corroborated inputs); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable
inputs are not available (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
|  Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Argentina | $116987 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $116987 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil | 796028 |  |  | 796028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp;&nbsp;2888585 |  |  | 2888585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China |  | &nbsp;&nbsp;&nbsp;&nbsp;8781712 |  | &nbsp;&nbsp;&nbsp;&nbsp;8781712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Denmark |  | 928042 |  | 928042 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Finland |  | 57645 |  | 57645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France |  | 3025968 |  | 3025968 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany |  | 418541 |  | 418541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hong Kong |  | 1907485 |  | 1907485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India |  | 2671582 |  | 2671582 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Indonesia |  | 28382 |  | 28382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ireland | 466314 | 306659 |  | 772973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy |  | 758898 |  | 758898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 7246344 |  | 7246344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico | 657077 |  |  | 657077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Netherlands |  | 1249853 |  | 1249853 |

---

S C H E D U L E O F I N V E S T M E N T S 8

------

---

| | |
|:---|:---|
| Consolidated Schedule of Investments (unaudited) (continued)<br> January 31, 2023 | **BlackRock GA Disciplined Volatility Equity Fund** |

---

**Fair Value Hierarchy as of Period End (continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saudi Arabia | $— | $856426 | $— | $856426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Singapore |  | 1144432 |  | 1144432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa | 89611 | 453007 |  | 542618 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Korea |  | 1095177 |  | 1095177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sweden |  | 982168 |  | 982168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Switzerland |  | 1565568 |  | 1565568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taiwan |  | 3252458 |  | 3252458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 504082 | 1166664 |  | 1670746 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States | 54237964 |  |  | 54237964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | 194028 |  |  | 194028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | 5604 |  |  | 5604 |
|  | $59956280 | $37897011 | $— | $97853291 |
|  Derivative Financial Instruments<sup>(a)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts | $— | $104228 | $— | $104228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | (2115) | (636363) |  | (638478) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign Currency Exchange Contracts |  | (80119) |  | (80119) |
|  | $(2115) | $(612254) | $— | $(614369) |

---

<sup>(a)</sup> Derivative financial instruments are futures contracts and forward foreign currency exchange contracts. Futures contracts and forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

---

| | |
|:---|:---|
| **Currency Abbreviation** | **Currency Abbreviation** |
| EUR | Euro |
| HKD | Hong Kong Dollar |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| USD | United States Dollar |

---

9.0

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Managed Account Series

- **b. Investment Company Act file number:** 811-21763

- **c. CIK number of Registrant:** 0001323737

- **d. LEI of Registrant:** 549300KJ2GS7UP2OCO54

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

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock GA Disciplined Volatility Equity Fund

- **b. EDGAR series identifier (if any):** S000057851

- **c. LEI of Series:** 549300SPAUVNNEG4N946

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $109195880.47

**Total Liabilities:** $11010919.51

**Net Assets:** $98184960.96

**Amount of Assets Invested in Other Investment Companies:** $124815.20

**Cash Not Reported:** $2058659.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206473 | 7.55%                | -2.24%               | 3.84%                |
| Class ID C000186831 | 7.54%                | -2.21%               | 3.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-460771.06              | $8497434.08                                |
| Month 2  | $-101447.99              | $-3351427.36                               |
| Month 3  | $358610.71               | $5387571.30                                |

**Designated Index Information**

- **Index Name:** MSCI ACWI Minimum Volatility (USD) Index

- **Index Identifier:** MXWDMVOL

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| HCL Technologies Ltd                                  | HCL Technologies Ltd                                            | CUSIP: 000000000<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |     20099 | NS      | $277157.18    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Honeywell International Inc                           | Honeywell International Inc                                     | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       723 | NS      | $150731.04    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                             | Zijin Mining Group Co Ltd                                       | CUSIP: 000000000<br>LEI: 836800JRNL2393Z2I561 | Long             | EC               | CORP              | CN        |     92000 | NS      | $152172.67    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Orient Overseas International Ltd                     | Orient Overseas Intl Ltd.                                       | CUSIP: 000000000<br>LEI: 529900DQ426GJO276W95 | Long             | EC               | CORP              | BM        |     18000 | NS      | $299211.03    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp                               | Lite-On Technology Corp                                         | CUSIP: 000000000<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |     46000 | NS      | $102216.45    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                   | LVMH Moet Hennessy Louis Vuitton SE                             | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      1836 | NS      | $1602783.24   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| LONGi Green Energy Technology Co Ltd                  | LONGi Green Energy Technology Co Ltd                            | CUSIP: 000000000<br>LEI: 300300NRGAITUP1EZ248 | Long             | EC               | CORP              | CN        |     42200 | NS      | $302592.89    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Hong Kong Holdings Ltd                            | BOC Hong Kong Holdings Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     87500 | NS      | $305802.62    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                     | Cisco Systems Inc                                               | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |     21759 | NS      | $1059010.53   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                        | Salesforce Inc                                                  | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1954 | NS      | $328213.38    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                            | Intuit Inc                                                      | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1684 | NS      | $711776.28    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone Oyj                                              | Kone Oyj                                                        | CUSIP: 000000000<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |      1057 | NS      | $57644.63     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Warner Bros Discovery Inc                             | Warner Bros Discovery Inc                                       | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |       606 | NS      | $8980.92      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                                   | Dollar General Corp                                             | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |       409 | NS      | $95542.40     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Corp                                         | SoftBank Corp                                                   | CUSIP: 000000000<br>LEI: 353800M1YCTS9JRBJ535 | Long             | EC               | CORP              | JP        |     22300 | NS      | $255158.67    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Oreal SA                                            | L'Oreal SA                                                      | CUSIP: 000000000<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      1161 | NS      | $479390.37    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                        | American Electric Power Co Inc                                  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      2725 | NS      | $256041.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD Insurance Group Holdings Inc                    | MS&AD Insurance Group Holdings Inc                              | CUSIP: 000000000<br>LEI: 529900CXROT5S2HMMP26 | Long             | EC               | CORP              | JP        |     11900 | NS      | $381677.19    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Expeditors International of Washington Inc            | Expeditors International of Washington Inc                      | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      2350 | NS      | $254152.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd                          | Chugai Pharmaceutical Co Ltd                                    | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     11600 | NS      | $300730.94    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                      | Genuine Parts Co                                                | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |      1493 | NS      | $250555.26    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                           | Viatris Inc                                                     | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |        19 | NS      | $231.04       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                  | Progressive Corp/The                                            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1251 | NS      | $170573.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                            | Vertex Pharmaceuticals Inc                                      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      2384 | NS      | $770270.40    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                                | Liberty Broadband Corp                                          | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      3738 | NS      | $335597.64    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                     | Johnson & Johnson                                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1473 | NS      | $240717.66    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                       | McDonald's Corp                                                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |        41 | NS      | $10963.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                | UnitedHealth Group Inc                                          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1465 | NS      | $731313.35    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                       | ASML Holding NV                                                 | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1889 | NS      | $1249852.40   | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                       | Philip Morris International Inc                                 | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      2964 | NS      | $308967.36    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Telecom Co                                      | Saudi Telecom Co                                                | CUSIP: 000000000<br>LEI: 21380028ATJ79OTA9W17 | Long             | EC               | CORP              | SA        |     15687 | NS      | $154818.01    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Cooperative Financial Holding Co Ltd           | Taiwan Cooperative Financial Holding Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    260755 | NS      | $230421.27    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp                               | Marathon Petroleum Corp                                         | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      1130 | NS      | $145227.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Mobile Co Ltd                                  | Taiwan Mobile Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     46000 | NS      | $145139.23    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                    | NextEra Energy Inc                                              | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3375 | NS      | $251876.25    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                         | Hilton Worldwide Holdings Inc                                   | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      2405 | NS      | $348941.45    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                                     | General Mills Inc                                               | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      4298 | NS      | $336791.28    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                           | Paychex Inc                                                     | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1576 | NS      | $182595.36    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Oil Corp                                     | Marathon Oil Corp                                               | CUSIP: 565849106<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | EC               | CORP              | US        |     10272 | NS      | $282171.84    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd                                      | Schlumberger Ltd                                                | CUSIP: 000000000<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |      6721 | NS      | $382962.58    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Far EasTone Telecommunications Co Ltd                 | Far EasTone Telecommunications Co Ltd                           | CUSIP: 000000000<br>LEI: 529900L7W7BWDLVZL253 | Long             | EC               | CORP              | TW        |    220000 | NS      | $489395.13    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Zscaler Inc                                           | Zscaler Inc                                                     | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      2723 | NS      | $338087.68    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Arabian Internet & Communications Services Co         | Arabian Internet & Communications Services Co                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      3969 | NS      | $268756.99    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Heavy Industries Co Ltd                       | Hyundai Heavy Industries Co Ltd                                 | CUSIP: 000000000<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |       911 | NS      | $82694.10     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kakaku.com Inc                                        | Kakaku.com Inc                                                  | CUSIP: 000000000<br>LEI: 353800KA15Y0DCPWYY65 | Long             | EC               | CORP              | JP        |      7900 | NS      | $131709.47    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson PLC                                          | Ferguson PLC                                                    | CUSIP: 000000000<br>LEI: 213800DU1LGY3R2S2X42 | Long             | EC               | CORP              | JE        |      1886 | NS      | $268453.24    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Zangge Mining Co Ltd                                  | Zangge Mining Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     29840 | NS      | $123793.53    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| PICC Property & Casualty Co Ltd                       | PICC Property & Casualty Co Ltd                                 | CUSIP: 000000000<br>LEI: 300300F1000311000017 | Long             | EC               | CORP              | CN        |    114000 | NS      | $107177.30    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Greentown China Holdings Ltd                          | Greentown China Holdings Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     80000 | NS      | $117949.76    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                          | Thermo Fisher Scientific Inc                                    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1069 | NS      | $609682.77    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                 | Costco Wholesale Corp                                           | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1730 | NS      | $884272.20    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                     | Expedia Group Inc                                               | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      1181 | NS      | $134988.30    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MTR Corp Ltd                                          | MTR Corp Ltd                                                    | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | EC               | CORP              | HK        |     53000 | NS      | $283629.88    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Brown-Forman Corp                                     | Brown-Forman Corp                                               | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |      5441 | NS      | $362261.78    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP Holdings Ltd                                      | CLP Holdings Ltd                                                | CUSIP: 000000000<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |     21500 | NS      | $159743.48    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV             | Grupo Aeroportuario del Sureste SAB de CV                       | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      8016 | NS      | $217720.36    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                              | eBay Inc                                                        | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      6783 | NS      | $335758.50    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                                  | WEC Energy Group Inc                                            | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      9378 | NS      | $881438.22    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ritchie Bros Auctioneers Inc                          | Ritchie Bros Auctioneers Inc                                    | CUSIP: 767744105<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |      1326 | NS      | $80184.86     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                              | NIKE Inc                                                        | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      3609 | NS      | $459533.97    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries Ltd                       | Mitsubishi Heavy Industries Ltd                                 | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |      3400 | NS      | $133313.86    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BioMarin Pharmaceutical Inc                           | BioMarin Pharmaceutical Inc                                     | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |      2066 | NS      | $238313.10    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                                            | Splunk Inc                                                      | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |      3469 | NS      | $332226.13    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Shandong Weifang Rainbow Chemical Co Ltd              | Shandong Weifang Rainbow Chemical Co Ltd                        | CUSIP: 000000000<br>LEI: 836800HYCYNXCHID8V57 | Long             | EC               | CORP              | CN        |     16600 | NS      | $201621.61    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                           | Infosys Ltd                                                     | CUSIP: 000000000<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |      5547 | NS      | $104479.36    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Koolearn Technology Holding Ltd                       | Koolearn Technology Holding Ltd                                 | CUSIP: 000000000<br>LEI: 3003007X0QPXFVRDX034 | Long             | EC               | CORP              | KY        |      9500 | NS      | $77161.52     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| HubSpot Inc                                           | HubSpot Inc                                                     | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       454 | NS      | $157542.54    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                      | Novo Nordisk A/S                                                | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      6706 | NS      | $928041.78    | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                             | Linde PLC                                                       | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |       712 | NS      | $235629.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc                          | Walgreens Boots Alliance Inc                                    | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |     13683 | NS      | $504355.38    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank N.A.                              | PURCHASED HKD / SOLD USD                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | HK        |         1 | NC      | $-7304.44     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Hang Seng Bank Ltd                                    | Hang Seng Bank Ltd                                              | CUSIP: 000000000<br>LEI: 5493009Z5F07LWZYMK62 | Long             | EC               | CORP              | HK        |      6700 | NS      | $111576.53    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co Ltd                                            | BYD Co Ltd                                                      | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |      4752 | NS      | $203037.78    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                   | Cheniere Energy Inc                                             | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1290 | NS      | $197099.10    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Pidilite Industries Ltd                               | Pidilite Industries Ltd                                         | CUSIP: 000000000<br>LEI: 335800APXGEBZ349GN74 | Long             | EC               | CORP              | IN        |      4761 | NS      | $132823.15    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegion plc                                          | Allegion plc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1311 | NS      | $154108.05    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                          | Comcast Corp                                                    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     12996 | NS      | $511392.60    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kikkoman Corp                                         | Kikkoman Corp                                                   | CUSIP: 000000000<br>LEI: 529900T9K5UH9HXOND47 | Long             | EC               | CORP              | JP        |      1900 | NS      | $100494.98    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                         | Tata Consultancy Services Ltd                                   | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     10290 | NS      | $424705.90    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Torrent Pharmaceuticals Ltd                           | Torrent Pharmaceuticals Ltd                                     | CUSIP: 000000000<br>LEI: 335800NA6HK275RIJE13 | Long             | EC               | CORP              | IN        |      7462 | NS      | $138966.69    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                    | Canadian Imperial Bank of Commerce                              | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |      3909 | NS      | $178447.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bill.com Holdings Inc                                 | Bill.com Holdings Inc                                           | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |       970 | NS      | $112151.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingboard Holdings Ltd                                | Kingboard Holdings Ltd                                          | CUSIP: 000000000<br>LEI: 529900G89MY26MMSDR76 | Long             | EC               | CORP              | KY        |     57500 | NS      | $234878.16    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Yadea Group Holdings Ltd                              | Yadea Group Holdings Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     52000 | NS      | $118552.55    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Nongfu Spring Co Ltd                                  | Nongfu Spring Co Ltd                                            | CUSIP: 000000000<br>LEI: 300300P08GGT4SKR9G93 | Long             | EC               | CORP              | CN        |     17800 | NS      | $100762.32    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                   | Societe Generale SA                                             | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |      3068 | NS      | $91323.83     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hua Nan Financial Holdings Co Ltd                     | Hua Nan Financial Holdings Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    256432 | NS      | $195098.75    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Seagen Inc                                            | Seagen Inc                                                      | CUSIP: 81181C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2604 | NS      | $363205.92    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                           | Cintas Corp                                                     | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       379 | NS      | $168177.46    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FleetCor Technologies Inc                             | FleetCor Technologies Inc                                       | CUSIP: 339041105<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1188 | NS      | $248066.28    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                                   | Paycom Software Inc                                             | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |       946 | NS      | $306447.24    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                           | PepsiCo Inc                                                     | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      7080 | NS      | $1210821.60   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                         | CME Group Inc                                                   | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      2697 | NS      | $476452.02    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                          | Centene Corp                                                    | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |      2898 | NS      | $220943.52    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd                               | Chunghwa Telecom Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    113000 | NS      | $422294.22    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Lumen Technologies Inc                                | Lumen Technologies Inc                                          | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |     21416 | NS      | $112434.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong & China Gas Co Ltd                          | Hong Kong & China Gas Co Ltd                                    | CUSIP: 000000000<br>LEI: 254900P7BETXGC7YU827 | Long             | EC               | CORP              | HK        |     58350 | NS      | $58584.56     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Visa Inc                                              | Visa Inc                                                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       358 | NS      | $82415.18     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co                         | Hewlett Packard Enterprise Co                                   | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      5382 | NS      | $86811.66     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                       | Southern Co/The                                                 | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      6103 | NS      | $413051.04    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                            | Zoetis Inc                                                      | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       910 | NS      | $150595.90    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                                        | NRG Energy Inc                                                  | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      6449 | NS      | $220684.78    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                                | Boston Scientific Corp                                          | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      5475 | NS      | $253218.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America N.A.                                  | PURCHASED JPY / SOLD USD                                        | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | JP        |         1 | NC      | $72982.86     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Otsuka Holdings Co Ltd                                | Otsuka Holdings Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19700 | NS      | $631984.04    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Tobu Railway Co Ltd                                   | Tobu Railway Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7900 | NS      | $185358.47    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                           | Swedbank AB                                                     | CUSIP: 000000000<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |      9558 | NS      | $183861.65    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Baker Hughes Co                                       | Baker Hughes Co                                                 | CUSIP: 05722G100<br>LEI: 5493004XSDPHVQ2URI81 | Long             | EC               | CORP              | US        |      5609 | NS      | $178029.66    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HKT Trust & HKT Ltd                                   | HKT Trust & HKT Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | XX        |    306000 | NS      | $400913.84    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Dongfang Electric Corp Ltd                            | Dongfang Electric Corp Ltd                                      | CUSIP: 000000000<br>LEI: 529900ISAW6T566F0R12 | Long             | EC               | CORP              | CN        |     32200 | NS      | $102342.41    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Edison International                                  | Edison International                                            | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |      1810 | NS      | $124709.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                               | Procter & Gamble Co/The                                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      1673 | NS      | $238201.74    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                      | TotalEnergies SE                                                | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      5101 | NS      | $315347.68    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Akamai Technologies Inc                               | Akamai Technologies Inc                                         | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |      3275 | NS      | $291311.25    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                           | S+P500 EMINI FUT MAR23                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        -1 | NC      | $-2114.80     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Unimicron Technology Corp                             | Unimicron Technology Corp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    108000 | NS      | $497231.33    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Lowe's Cos Inc                                        | Lowe's Cos Inc                                                  | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       381 | NS      | $79343.25     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| China Longyuan Power Group Corp Ltd                   | China Longyuan Power Group Corp Ltd                             | CUSIP: 000000000<br>LEI: 5299008UYLF3O6V9T464 | Long             | EC               | CORP              | CN        |     79000 | NS      | $109054.80    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ACWA Power Co                                         | ACWA Power Co                                                   | CUSIP: 000000000<br>LEI: 558600Y0TFKRV2QZ1A74 | Long             | EC               | CORP              | SA        |      2068 | NS      | $83954.78     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Workday Inc                                           | Workday Inc                                                     | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      2121 | NS      | $384813.03    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kao Corp                                              | Kao Corp                                                        | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |      2400 | NS      | $97012.41     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| CDW Corp/DE                                           | CDW Corp/DE                                                     | CUSIP: 12514G108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1319 | NS      | $258563.57    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                                       | Sealed Air Corp                                                 | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |      3500 | NS      | $191660.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                        | Microsoft Corp                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      4129 | NS      | $1023207.49   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                                     | Suncor Energy Inc                                               | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      6699 | NS      | $232505.22    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV                          | Wal-Mart de Mexico SAB de CV                                    | CUSIP: 000000000<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | MX        |     70311 | NS      | $275411.67    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV                                 | STMicroelectronics NV                                           | CUSIP: 000000000<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | NL        |      4017 | NS      | $189153.74    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sun Pharmaceutical Industries Ltd                     | Sun Pharmaceutical Industries Ltd                               | CUSIP: 000000000<br>LEI: 335800KJ7GE29LB4SS73 | Long             | EC               | CORP              | IN        |     18112 | NS      | $229323.69    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel Corp Ltd                                       | Keppel Corp Ltd                                                 | CUSIP: 000000000<br>LEI: 254900SQ7IPDOY6IDW33 | Long             | EC               | CORP              | SG        |     51300 | NS      | $296188.66    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Kellogg Co                                            | Kellogg Co                                                      | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |      4236 | NS      | $290504.88    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                                | Trane Technologies PLC                                          | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      1743 | NS      | $312206.16    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa Securities Group Inc                            | Daiwa Securities Group Inc                                      | CUSIP: 000000000<br>LEI: 353800WRC7Y23PWFJG38 | Long             | EC               | CORP              | JP        |     65300 | NS      | $308157.07    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp                                          | Newmont Corp                                                    | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     15364 | NS      | $813216.52    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland Investment Ltd/Singapore                   | Capitaland Investment Ltd/Singapore                             | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |     74400 | NS      | $225403.01    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp                                          | Chevron Corp                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       659 | NS      | $114679.18    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax-Sarco Engineering PLC                          | Spirax-Sarco Engineering PLC                                    | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |      4437 | NS      | $633789.69    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimadzu Corp                                         | Shimadzu Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6000 | NS      | $184386.36    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Adobe Inc                                             | Adobe Inc                                                       | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       548 | NS      | $202946.32    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Jiangsu Co Ltd                                | Bank of Jiangsu Co Ltd                                          | CUSIP: 000000000<br>LEI: 300300C1086832000046 | Long             | EC               | CORP              | CN        |    182900 | NS      | $201441.21    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Communications Co Ltd                         | Bank of Communications Co Ltd                                   | CUSIP: 000000000<br>LEI: 549300AX1UM10U30HK09 | Long             | EC               | CORP              | CN        |    277000 | NS      | $171213.39    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of China Ltd                                     | Bank of China Ltd                                               | CUSIP: 000000000<br>LEI: 54930053HGCFWVHYZX42 | Long             | EC               | CORP              | CN        |   1639000 | NS      | $623909.23    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Waste Management Inc                                  | Waste Management Inc                                            | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      1592 | NS      | $246330.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                          | Entergy Corp                                                    | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       789 | NS      | $85432.92     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharat Electronics Ltd                                | Bharat Electronics Ltd                                          | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    212584 | NS      | $247350.11    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Shipbuilding & Offshore Engineering Co Ltd      | Korea Shipbuilding & Offshore Engineering Co Ltd                | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |      6469 | NS      | $420146.46    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                                          | Alphabet Inc                                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5261 | NS      | $525416.07    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Keio Corp                                             | Keio Corp                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      8200 | NS      | $300976.73    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Cigna Corp                                            | Cigna Corp                                                      | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1140 | NS      | $361003.80    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SITC International Holdings Co Ltd                    | SITC International Holdings Co Ltd                              | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | KY        |     65000 | NS      | $141998.96    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ceridian HCM Holding Inc                              | Ceridian HCM Holding Inc                                        | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |      1712 | NS      | $123743.36    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd                        | COSCO SHIPPING Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: 529900Y39B9BA9NHFF69 | Long             | EC               | CORP              | CN        |    157000 | NS      | $162852.98    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Oil & Natural Gas Corp Ltd                            | Oil & Natural Gas Corp Ltd                                      | CUSIP: 000000000<br>LEI: 335800FPDZ9MRSNO7N41 | Long             | EC               | CORP              | IN        |     58458 | NS      | $104163.79    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Pylon Technologies Co Ltd                             | Pylon Technologies Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2727 | NS      | $124334.92    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp of India Ltd                          | Power Grid Corp of India Ltd                                    | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |     88897 | NS      | $235909.98    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co/The                                    | Walt Disney Co/The                                              | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      1519 | NS      | $164796.31    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Suntory Beverage & Food Ltd                           | Suntory Beverage & Food Ltd                                     | CUSIP: 000000000<br>LEI: 549300FONLMVK7YYYH41 | Long             | EC               | CORP              | JP        |      8300 | NS      | $280272.26    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Gartner Inc                                           | Gartner Inc                                                     | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      1025 | NS      | $346593.50    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                              | Marsh & McLennan Cos Inc                                        | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      2814 | NS      | $492196.74    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                           | Walmart Inc                                                     | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      1215 | NS      | $174802.05    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                            | Symrise AG                                                      | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |      3937 | NS      | $418541.12    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Astellas Pharma Inc                                   | Astellas Pharma Inc                                             | CUSIP: 000000000<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |     34800 | NS      | $512260.54    | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co/The                                      | Coca-Cola Co/The                                                | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      6322 | NS      | $387665.04    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                          | Fortinet Inc                                                    | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      4179 | NS      | $218728.86    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                        | Public Storage                                                  | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |      1262 | NS      | $384077.08    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Commercial Bank of China Ltd             | Industrial & Commercial Bank of China Ltd                       | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | EC               | CORP              | CN        |    665000 | NS      | $355720.96    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbnb Inc                                            | Airbnb Inc                                                      | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |      1201 | NS      | $133443.11    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                      | Exxon Mobil Corp                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      1832 | NS      | $212530.32    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                                    | Kingspan Group PLC                                              | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |      4768 | NS      | $306658.87    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                             | Nestle SA                                                       | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      4011 | NS      | $489378.29    | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                       | CMS Energy Corp                                                 | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      1947 | NS      | $123030.93    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                                          | Keyence Corp                                                    | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |       400 | NS      | $184147.50    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Gas Co Ltd                                      | Osaka Gas Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800024KMNOPQRWZ02 | Long             | EC               | CORP              | JP        |     12900 | NS      | $208165.80    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Shanghai Fosun Pharmaceutical Group Co Ltd            | Shanghai Fosun Pharmaceutical Group Co Ltd                      | CUSIP: 000000000<br>LEI: 300300DMUYLW3FP1OT73 | Long             | EC               | CORP              | CN        |     24500 | NS      | $78998.60     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Consolidated Edison Inc                               | Consolidated Edison Inc                                         | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |        63 | NS      | $6004.53      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                           | NetEase Inc                                                     | CUSIP: 000000000<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     16600 | NS      | $294519.07    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| GoodWe Technologies Co Ltd                            | GoodWe Technologies Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3468 | NS      | $209935.74    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Secom Co Ltd                                          | Secom Co Ltd                                                    | CUSIP: 000000000<br>LEI: 529900TYCL9N3E9PGE47 | Long             | EC               | CORP              | JP        |      3500 | NS      | $208515.17    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Link REIT                                             | Link REIT                                                       | CUSIP: 000000000<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               |  | HK        |     11500 | NS      | $92050.14     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                       | London Stock Exchange Group PLC                                 | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      2123 | NS      | $194349.76    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvei Corp                                            | Nuvei Corp                                                      | CUSIP: 67079A102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      3532 | NS      | $124683.81    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Ltd                                      | Lenovo Group Ltd                                                | CUSIP: 000000000<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | HK        |     74000 | NS      | $59353.09     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Incyte Corp                                           | Incyte Corp                                                     | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      3408 | NS      | $290157.12    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute Ltd                         | Nomura Research Institute Ltd                                   | CUSIP: 000000000<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |     15600 | NS      | $374518.13    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| CTBC Financial Holding Co Ltd                         | CTBC Financial Holding Co Ltd                                   | CUSIP: 000000000<br>LEI: 549300IWDYIFW6JXM387 | Long             | EC               | CORP              | TW        |    218000 | NS      | $166688.15    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc                                | Berkshire Hathaway Inc                                          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1159 | NS      | $361051.68    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                                        | Hershey Co/The                                                  | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      1032 | NS      | $231787.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd                               | Recruit Holdings Co Ltd                                         | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      5100 | NS      | $164017.33    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                        | Atlas Copco AB                                                  | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     15715 | NS      | $186475.15    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| East Japan Railway Co                                 | East Japan Railway Co                                           | CUSIP: 000000000<br>LEI: 353800SENYJ2DSM6PS44 | Long             | EC               | CORP              | JP        |      1800 | NS      | $100364.77    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc.                         | TRS: BlackRock GA Disciplined Volatility Equity Fund - CITI CFD | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DE               |  | US        |   1002243 | OU      | $-3195473.81  | -3.25%            |  |  |  | No            |                  2 | On Loan: No      |
| TransDigm Group Inc                                   | TransDigm Group Inc                                             | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       526 | NS      | $377536.50    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                            | Cadence Design Systems Inc                                      | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      6379 | NS      | $1166272.57   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                | Intuitive Surgical Inc                                          | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      2363 | NS      | $580565.47    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Gas Group Ltd                         | China Resources Gas Group Ltd                                   | CUSIP: 000000000<br>LEI: 529900A0E1J5JSOKEK83 | Long             | EC               | CORP              | BM        |     31600 | NS      | $132885.46    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard Inc                                        | Mastercard Inc                                                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      4745 | NS      | $1758497.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheil Worldwide Inc                                   | Cheil Worldwide Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     18042 | NS      | $322424.13    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic Services Inc                                 | Republic Services Inc                                           | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      3500 | NS      | $436870.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                              | AT&T Inc                                                        | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     25090 | NS      | $511083.30    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                                 | Southwest Airlines Co                                           | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      6243 | NS      | $223312.11    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp                      | Booz Allen Hamilton Holding Corp                                | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      2511 | NS      | $237641.04    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Adani Enterprises Ltd                                 | Adani Enterprises Ltd                                           | CUSIP: 000000000<br>LEI: 335800OTN96B3M38HC30 | Long             | EC               | CORP              | IN        |      3534 | NS      | $128883.62    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Amgen Inc                                             | Amgen Inc                                                       | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      3380 | NS      | $853112.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                                     | Hormel Foods Corp                                               | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |      3231 | NS      | $146396.61    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandhan Bank Ltd                                      | Bandhan Bank Ltd                                                | CUSIP: 000000000<br>LEI: 335800Q13QAC32IOCH33 | Long             | EC               | CORP              | IN        |     67713 | NS      | $202954.59    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Alliant Energy Corp                                   | Alliant Energy Corp                                             | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      9882 | NS      | $533924.46    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilmar International Ltd                              | Wilmar International Ltd                                        | CUSIP: 000000000<br>LEI: 549300H2EAI4YRLWBB20 | Long             | EC               | CORP              | SG        |     26600 | NS      | $82699.94     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC                                 | Auto Trader Group PLC                                           | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |     39857 | NS      | $309229.83    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Pharmaron Beijing Co Ltd                              | Pharmaron Beijing Co Ltd                                        | CUSIP: 000000000<br>LEI: 300300JYXHGVS5SNGG54 | Long             | EC               | CORP              | CN        |      6300 | NS      | $46178.46     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Odakyu Electric Railway Co Ltd                        | Odakyu Electric Railway Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11900 | NS      | $156453.66    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                       | Lojas Renner SA                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     96222 | NS      | $409999.78    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                  | Fomento Economico Mexicano SAB de CV                            | CUSIP: 000000000<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     12022 | NS      | $105303.03    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                                | Paylocity Holding Corp                                          | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |       479 | NS      | $99770.91     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                                        | Lonza Group AG                                                  | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      1555 | NS      | $887036.29    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Asset Management Ltd                       | Brookfield Asset Management Ltd                                 | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |      9304 | NS      | $303758.42    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Power Holdings Co Ltd                 | China Resources Power Holdings Co Ltd                           | CUSIP: 000000000<br>LEI: 529900K60FC0AI053735 | Long             | EC               | CORP              | HK        |     24000 | NS      | $49990.82     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                     | Kinder Morgan Inc                                               | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      8794 | NS      | $160930.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroChina Co Ltd                                     | PetroChina Co Ltd                                               | CUSIP: 000000000<br>LEI: 529900RPY4YG47TRSV05 | Long             | EC               | CORP              | CN        |    768000 | NS      | $410841.58    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| ServiceNow Inc                                        | ServiceNow Inc                                                  | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       312 | NS      | $142000.56    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc                          | FactSet Research Systems Inc                                    | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |       388 | NS      | $164100.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc            | Fidelity National Information Services Inc                      | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      2325 | NS      | $174468.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SABIC Agri-Nutrients Co                               | SABIC Agri-Nutrients Co                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      5762 | NS      | $211264.59    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| MetLife Inc                                           | MetLife Inc                                                     | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      3045 | NS      | $222345.90    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                             | MGM Resorts International                                       | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      7553 | NS      | $312769.73    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                     | Eversource Energy                                               | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      8888 | NS      | $731749.04    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                      | Duke Energy Corp                                                | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      2130 | NS      | $218218.50    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                         | Snowflake Inc                                                   | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      1570 | NS      | $245610.80    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                                             | Hoya Corp                                                       | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      1100 | NS      | $120969.11    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| VeriSign Inc                                          | VeriSign Inc                                                    | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      3795 | NS      | $827499.75    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                               | Lululemon Athletica Inc                                         | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      1218 | NS      | $373779.84    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| UPL Ltd                                               | UPL Ltd                                                         | CUSIP: 000000000<br>LEI: 335800RJSM1SLHO4UA95 | Long             | EC               | CORP              | IN        |      8526 | NS      | $79078.54     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Kobayashi Pharmaceutical Co Ltd                       | Kobayashi Pharmaceutical Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900WBSL04KD6TKP95 | Long             | EC               | CORP              | JP        |      4000 | NS      | $287168.42    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| CRRC Corp Ltd                                         | CRRC Corp Ltd                                                   | CUSIP: 000000000<br>LEI: 30030099HATQH2XC0B72 | Long             | EC               | CORP              | CN        |    283000 | NS      | $128274.22    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications Inc                            | Verizon Communications Inc                                      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     10872 | NS      | $451949.04    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| George Weston Ltd                                     | George Weston Ltd                                               | CUSIP: 961148509<br>LEI: 549300GEHU6LUSPS7Q65 | Long             | EC               | CORP              | CA        |       808 | NS      | $103946.01    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissan Chemical Corp                                  | Nissan Chemical Corp                                            | CUSIP: 000000000<br>LEI: 3538002E4L1CUGJFFU25 | Long             | EC               | CORP              | JP        |      2400 | NS      | $113303.13    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                              | Crowdstrike Holdings Inc                                        | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      4007 | NS      | $424341.30    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                       | Gen Digital Inc                                                 | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     13547 | NS      | $311716.47    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                            | Ferrari NV                                                      | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |      3037 | NS      | $758898.22    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Konami Group Corp                                     | Konami Group Corp                                               | CUSIP: 000000000<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |      5300 | NS      | $260619.41    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                                   | Cardinal Health Inc                                             | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      2883 | NS      | $222711.75    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AmerisourceBergen Corp                                | AmerisourceBergen Corp                                          | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1966 | NS      | $332175.36    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp                                           | Wiwynn Corp                                                     | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     12000 | NS      | $301411.72    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc                                | Advance Auto Parts Inc                                          | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      1399 | NS      | $213039.72    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                                   | Carrier Global Corp                                             | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |      5004 | NS      | $227832.12    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International                                  | Hermes International                                            | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       287 | NS      | $537123.11    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American Platinum Ltd                           | Anglo American Platinum Ltd                                     | CUSIP: 000000000<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |      2270 | NS      | $168822.34    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Altria Group Inc                                      | Altria Group Inc                                                | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      7936 | NS      | $357437.44    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                | Palo Alto Networks Inc                                          | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2359 | NS      | $374231.76    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                        | TC Energy Corp                                                  | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     14474 | NS      | $623647.68    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Nan Ya Printed Circuit Board Corp                     | Nan Ya Printed Circuit Board Corp                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     19000 | NS      | $156020.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| TELUS Corp                                            | TELUS Corp                                                      | CUSIP: 87971M103<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | EC               | CORP              | CA        |     16848 | NS      | $363031.95    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. Morgan Securities LLC                            | TRS: BlackRock GA Disciplined Volatility Equity Fund - JP CFD   | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | N/A              | DE               |  | US        |   2524108 | OU      | $-5089182.50  | -5.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Datadog Inc                                           | Datadog Inc                                                     | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      4036 | NS      | $301933.16    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AU Small Finance Bank Ltd                             | AU Small Finance Bank Ltd                                       | CUSIP: 000000000<br>LEI: 3358006J6L5P5MWKCU97 | Long             | EC               | CORP              | IN        |     13835 | NS      | $105180.61    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                                             | Epiroc AB                                                       | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |      9520 | NS      | $185228.31    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Singapore Technologies Engineering Ltd                | Singapore Technologies Engineering Ltd                          | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |     94200 | NS      | $264847.19    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Cia Energetica de Minas Gerais                        | Cia Energetica de Minas Gerais                                  | CUSIP: 000000000<br>LEI: 254900W703PXLDSEM056 | Long             | EP               | CORP              | BR        |     85946 | NS      | $194027.37    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon AB                                            | Hexagon AB                                                      | CUSIP: 000000000<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |     37214 | NS      | $426602.74    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd                      | Oversea-Chinese Banking Corp Ltd                                | CUSIP: 000000000<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |     33200 | NS      | $328027.55    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzhou TA&A Ultra Clean Technology Co Ltd             | Suzhou TA&A Ultra Clean Technology Co Ltd                       | CUSIP: 000000000<br>LEI: 8368000VRYF7HAR81G71 | Long             | EC               | CORP              | CN        |      7600 | NS      | $71750.53     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| AutoZone Inc                                          | AutoZone Inc                                                    | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       334 | NS      | $814575.90    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                           | Masimo Corp                                                     | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      1746 | NS      | $296959.68    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Terumo Corp                                           | Terumo Corp                                                     | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     22100 | NS      | $643338.80    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp                                   | Otis Worldwide Corp                                             | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      2462 | NS      | $202450.26    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                            | Copart Inc                                                      | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      6760 | NS      | $450283.60    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                         | McKesson Corp                                                   | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       952 | NS      | $360503.36    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                                  | Verisk Analytics Inc                                            | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3502 | NS      | $636628.58    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                            | Humana Inc                                                      | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       587 | NS      | $300367.90    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                             | Keysight Technologies Inc                                       | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      1007 | NS      | $180605.45    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                                         | Kroger Co/The                                                   | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     17172 | NS      | $766386.36    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| HK Electric Investments & HK Electric Investments Ltd | HK Electric Investments & HK Electric Investments Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | XX        |    206500 | NS      | $142739.54    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Datang International Power Generation Co Ltd          | Datang International Power Generation Co Ltd                    | CUSIP: 000000000<br>LEI: 213800VW156IS7SJUL96 | Long             | EC               | CORP              | CN        |    417300 | NS      | $171377.20    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd             | Taiwan Semiconductor Manufacturing Co Ltd                       | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     26000 | NS      | $458816.32    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| ANSYS Inc                                             | ANSYS Inc                                                       | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |      2703 | NS      | $719971.08    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                                             | KDDI Corp                                                       | CUSIP: 000000000<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |      8500 | NS      | $265569.18    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                         | Regeneron Pharmaceuticals Inc                                   | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       102 | NS      | $77363.94     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Savings Bank of China Co Ltd                   | Postal Savings Bank of China Co Ltd                             | CUSIP: 000000000<br>LEI: 300300C1040311005298 | Long             | EC               | CORP              | CN        |    385000 | NS      | $261995.22    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Shionogi & Co Ltd                                     | Shionogi & Co Ltd                                               | CUSIP: 000000000<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |      2400 | NS      | $114370.77    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Ningbo Deye Technology Co Ltd                         | Ningbo Deye Technology Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5600 | NS      | $290200.60    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Globalwafers Co Ltd                                   | Globalwafers Co Ltd                                             | CUSIP: 000000000<br>LEI: 529900V6RTNF3U5EGX67 | Long             | EC               | CORP              | TW        |      5000 | NS      | $87725.26     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Fosun International Ltd                               | Fosun International Ltd                                         | CUSIP: 000000000<br>LEI: 213800Z99WQEXDF82F09 | Long             | EC               | CORP              | HK        |    137000 | NS      | $127197.03    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Kunlun Energy Co Ltd                                  | Kunlun Energy Co Ltd                                            | CUSIP: 000000000<br>LEI: 5299007GRIKP15GM4927 | Long             | EC               | CORP              | BM        |    128000 | NS      | $100947.82    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                      | MercadoLibre Inc                                                | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        99 | NS      | $116987.31    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co Ltd                           | China Merchants Bank Co Ltd                                     | CUSIP: 000000000<br>LEI: 549300MKO5B60FFIHF58 | Long             | EC               | CORP              | CN        |     41500 | NS      | $269174.27    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Oil Corp Ltd                                   | Indian Oil Corp Ltd                                             | CUSIP: 000000000<br>LEI: 335800J8OBWE4VFUDG88 | Long             | EC               | CORP              | IN        |    191178 | NS      | $191239.70    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Agricultural Bank of China Ltd                        | Agricultural Bank of China Ltd                                  | CUSIP: 000000000<br>LEI: 549300E7TSGLCOVSY746 | Long             | EC               | CORP              | CN        |    908000 | NS      | $326819.21    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Samvardhana Motherson International Ltd               | Samvardhana Motherson International Ltd                         | CUSIP: 000000000<br>LEI: 335800C7BQ19CKG8GH63 | Long             | EC               | CORP              | IN        |    213994 | NS      | $198248.77    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Porton Pharma Solutions Ltd                           | Porton Pharma Solutions Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     33000 | NS      | $232087.96    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Celltrion Healthcare Co Ltd                           | Celltrion Healthcare Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4409 | NS      | $206343.17    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp                                    | Franco-Nevada Corp                                              | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      3199 | NS      | $469241.16    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SPAR Group Ltd/The                                    | SPAR Group Ltd/The                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     11344 | NS      | $89611.08     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                                   | Kimberly-Clark Corp                                             | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      2264 | NS      | $294342.64    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                                 | Travelers Cos Inc/The                                           | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      1399 | NS      | $267376.88    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                                  | Tencent Holdings Ltd                                            | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |      2100 | NS      | $102330.71    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                   | Delta Air Lines Inc                                             | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     12299 | NS      | $480890.90    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd                                    | Kumba Iron Ore Ltd                                              | CUSIP: 000000000<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |      9281 | NS      | $284184.61    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Sulaiman Al Habib Medical Services Group Co        | Dr Sulaiman Al Habib Medical Services Group Co                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |      2202 | NS      | $137631.47    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                  | Booking Holdings Inc                                            | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       201 | NS      | $489254.10    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                                  | Keurig Dr Pepper Inc                                            | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     13282 | NS      | $468588.96    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                        | Merck & Co Inc                                                  | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      9957 | NS      | $1069481.37   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                             | Healthpeak Properties Inc                                       | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               |  | US        |      7330 | NS      | $201428.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                               | VF Corp                                                         | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |      8014 | NS      | $247953.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                                              | Ambev SA                                                        | CUSIP: 000000000<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    143455 | NS      | $386028.27    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                                  | Colgate-Palmolive Co                                            | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      6586 | NS      | $490854.58    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                        | S&P Global Inc                                                  | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      2260 | NS      | $847364.40    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc                      | West Pharmaceutical Services Inc                                | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      1025 | NS      | $272240.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Electric Power Co Inc/The                      | Kansai Electric Power Co Inc/The                                | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |     13900 | NS      | $133677.59    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                        | Eli Lilly & Co                                                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1149 | NS      | $395428.35    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                   | JPMorgan Chase & Co                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       701 | NS      | $98111.96     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Mipo Dockyard Co Ltd                          | Hyundai Mipo Dockyard Co Ltd                                    | CUSIP: 000000000<br>LEI: 988400L1JDH871AJTA03 | Long             | EC               | CORP              | KR        |       968 | NS      | $63568.99     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Loews Corp                                            | Loews Corp                                                      | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      5980 | NS      | $367650.40    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                               | Meituan                                                         | CUSIP: 000000000<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |      4160 | NS      | $93000.45     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                | Motorola Solutions Inc                                          | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       264 | NS      | $67850.64     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank N.A.                                         | PURCHASED INR / SOLD USD                                        | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | IN        |         1 | NC      | $31245.23     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK Inc                                             | ONEOK Inc                                                       | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      1378 | NS      | $94365.44     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                            | Floor & Decor Holdings Inc                                      | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |      2361 | NS      | $214307.97    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                              | Baxter International Inc                                        | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     11871 | NS      | $542385.99    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                               | Bristol-Myers Squibb Co                                         | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      3225 | NS      | $234296.25    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank N.A.                              | PURCHASED USD / SOLD EUR                                        | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-72814.27    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Kingboard Laminates Holdings Ltd                      | Kingboard Laminates Holdings Ltd                                | CUSIP: 000000000<br>LEI: 529900B76JV9QCZINB33 | Long             | EC               | CORP              | KY        |    137000 | NS      | $167046.61    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Aspen Technology Inc                                  | Aspen Technology Inc                                            | CUSIP: 29109X106<br>LEI: 254900545H80W6GA2J08 | Long             | EC               | CORP              | US        |       827 | NS      | $164366.25    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                            | BYD Co Ltd                                                      | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     20500 | NS      | $649184.62    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Fastenal Co                                           | Fastenal Co                                                     | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      6453 | NS      | $326199.15    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                   | Gilead Sciences Inc                                             | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     17013 | NS      | $1428071.22   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp                          | China Construction Bank Corp                                    | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |    908000 | NS      | $587740.02    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Auto Inc                                           | Li Auto Inc                                                     | CUSIP: 000000000<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |     12900 | NS      | $157847.35    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Sanso Holdings Corp                            | Nippon Sanso Holdings Corp                                      | CUSIP: 000000000<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |      6600 | NS      | $107651.71    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** Managed Account Series

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer