# EDGAR Filing Document

**Accession Number:** 0001065698
**File Stem:** 0001410368-26-050741
**Filing Date:** 2026-5
**Character Count:** 103316
**Document Hash:** aa8c7a94e204ecfaedbfe21acca3d967
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-050741.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001410368-26-050741

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS VARIABLE INSURANCE TRUST III
- **CENTRAL INDEX KEY:** 0001065698

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08879
- **FILM NUMBER:** 261016327

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 617-954-5000

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUN CAPITAL ADVISERS TRUST
- **DATE OF NAME CHANGE:** 19980709

## Series and Classes Contracts Data

### MFS Blended Research Small Cap Equity Portfolio (Series ID: S000008071)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000021905 | Initial Class |  |
| C000021906 | Service Class |  |

## Nport-Ex

VSC-Q1

![](img134140781.gif)

**Quarterly Report**

March 31, 2026

MFS<sup>®</sup> Blended Research<sup>®</sup> <br>

Small Cap Equity Portfolio

![](imgfdb88a6f2.gif)

MFS<sup>®</sup> Variable Insurance Trust III

------

**Portfolio of Investments**

3/31/26 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – 99.6%  | Common Stocks – 99.6%  | Common Stocks – 99.6%  |
| Aerospace & Defense – 2.4% | Aerospace & Defense – 2.4% |  |
| CACI International, Inc., "A" (a) | 1058 | &nbsp;&nbsp;&nbsp; $575415 |
| Hexcel Corp. | 1441 | &nbsp;&nbsp;&nbsp; 116620 |
| Karman Holdings, Inc. (a) | 9442 | &nbsp;&nbsp;&nbsp; 755832 |
| Kratos Defense & Security Solutions, Inc. (a) | 2175 | &nbsp;&nbsp;&nbsp; 153359 |
| Standard Aero, Inc. (a) | 6476 | &nbsp;&nbsp;&nbsp; 167275 |
| York Space Systems, Inc. (a)(l) | 4866 | &nbsp;&nbsp;&nbsp; 107879 |
|  |  | &nbsp;&nbsp;&nbsp; $1876380 |
| Apparel, Footwear, & Accessories – 0.2% | Apparel, Footwear, & Accessories – 0.2% |  |
| Columbia Sportswear Co.  | 3034 | &nbsp;&nbsp;&nbsp; $166293 |
| Auto & Auto Components – 2.7% | Auto & Auto Components – 2.7% |  |
| Goodyear Tire & Rubber Co. (a) | 38865 | &nbsp;&nbsp;&nbsp; $257675 |
| Methode Electronics, Inc. | 29741 | &nbsp;&nbsp;&nbsp; 164170 |
| Modine Manufacturing Co. (a) | 4726 | &nbsp;&nbsp;&nbsp; 1024172 |
| Visteon Corp. | 7746 | &nbsp;&nbsp;&nbsp; 705738 |
|  |  | &nbsp;&nbsp;&nbsp; $2151755 |
| Brokerage & Asset Managers – 0.8% | Brokerage & Asset Managers – 0.8% |  |
| GCM Grosvenor, Inc., "A" | 40599 | &nbsp;&nbsp;&nbsp; $397870 |
| Hamilton Lane, Inc., "A" | 1527 | &nbsp;&nbsp;&nbsp; 151784 |
| PJT Partners, Inc. | 653 | &nbsp;&nbsp;&nbsp; 91237 |
|  |  | &nbsp;&nbsp;&nbsp; $640891 |
| Business Services – 1.5% | Business Services – 1.5% |  |
| BlueLinx Holdings, Inc. (a) | 3744 | &nbsp;&nbsp;&nbsp; $202850 |
| Concentrix Corp. | 2131 | &nbsp;&nbsp;&nbsp; 58304 |
| GigaCloud Technology, Inc. (a) | 2713 | &nbsp;&nbsp;&nbsp; 123116 |
| Power Solutions International, Inc. (a) | 1774 | &nbsp;&nbsp;&nbsp; 108001 |
| TriNet Group, Inc. | 17320 | &nbsp;&nbsp;&nbsp; 630968 |
| World Fuel Services Corp. | 3751 | &nbsp;&nbsp;&nbsp; 86535 |
|  |  | &nbsp;&nbsp;&nbsp; $1209774 |
| Chemicals – 3.0% | Chemicals – 3.0% |  |
| Avient Corp. | 32243 | &nbsp;&nbsp;&nbsp; $1170421 |
| BioLife Solutions, Inc. (a) | 7747 | &nbsp;&nbsp;&nbsp; 147812 |
| Element Solutions, Inc. | 30020 | &nbsp;&nbsp;&nbsp; 1024883 |
|  |  | &nbsp;&nbsp;&nbsp; $2343116 |
| Construction – 0.7% | Construction – 0.7% |  |
| Simpson Manufacturing Co., Inc. | 2386 | &nbsp;&nbsp;&nbsp; $409485 |
| SiteOne Landscape Supply, Inc. (a) | 514 | &nbsp;&nbsp;&nbsp; 68419 |
| SPX Technologies, Inc. (a) | 181 | &nbsp;&nbsp;&nbsp; 36189 |
|  |  | &nbsp;&nbsp;&nbsp; $514093 |
| Consumer Products – 1.7% | Consumer Products – 1.7% |  |
| e.l.f. Beauty, Inc. (a) | 2571 | &nbsp;&nbsp;&nbsp; $155828 |
| Herbalife Ltd. (a) | 11992 | &nbsp;&nbsp;&nbsp; 176522 |
| Newell Brands, Inc. | 180529 | &nbsp;&nbsp;&nbsp; 619215 |
| Prestige Consumer Healthcare, Inc. (a) | 6803 | &nbsp;&nbsp;&nbsp; 403214 |
|  |  | &nbsp;&nbsp;&nbsp; $1354779 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Consumer Services – 3.0% | Consumer Services – 3.0% |  |
| Adtalem Global Education, Inc. (a) | 8432 | &nbsp;&nbsp;&nbsp; $971788 |
| Grand Canyon Education, Inc. (a) | 5682 | &nbsp;&nbsp;&nbsp; 966111 |
| Phoenix Educations Partners, Inc. | 13470 | &nbsp;&nbsp;&nbsp; 423766 |
|  |  | &nbsp;&nbsp;&nbsp; $2361665 |
| Diversified Financial Services – 2.2% | Diversified Financial Services – 2.2% |  |
| Bread Financial Holdings, Inc. | 7917 | &nbsp;&nbsp;&nbsp; $592904 |
| Bullish (a)(l) | 2847 | &nbsp;&nbsp;&nbsp; 101723 |
| Gold.com, Inc. | 4445 | &nbsp;&nbsp;&nbsp; 178156 |
| PROG Holdings, Inc. | 11362 | &nbsp;&nbsp;&nbsp; 325976 |
| SLM Corp. | 26129 | &nbsp;&nbsp;&nbsp; 559422 |
|  |  | &nbsp;&nbsp;&nbsp; $1758181 |
| Energy - Independent – 2.6% | Energy - Independent – 2.6% |  |
| National Gas Fuel Co. | 356 | &nbsp;&nbsp;&nbsp; $33450 |
| Par Pacific Holdings, Inc. (a) | 11101 | &nbsp;&nbsp;&nbsp; 695367 |
| Peabody Energy Corp. | 1240 | &nbsp;&nbsp;&nbsp; 40858 |
| Permian Resources Corp. | 39331 | &nbsp;&nbsp;&nbsp; 838537 |
| SM Energy Co. | 12986 | &nbsp;&nbsp;&nbsp; 404903 |
|  |  | &nbsp;&nbsp;&nbsp; $2013115 |
| Energy - Renewables – 1.7% | Energy - Renewables – 1.7% |  |
| Bloom Energy Corp. (a) | 7119 | &nbsp;&nbsp;&nbsp; $964554 |
| Green Plains, Inc. (a) | 11074 | &nbsp;&nbsp;&nbsp; 182167 |
| Nextpower, Inc. "A" (a) | 973 | &nbsp;&nbsp;&nbsp; 117295 |
| Shoals Technologies Group, Inc. (a) | 8495 | &nbsp;&nbsp;&nbsp; 55897 |
|  |  | &nbsp;&nbsp;&nbsp; $1319913 |
| Engineering - Construction – 5.1% | Engineering - Construction – 5.1% |  |
| APi Group, Inc. (a) | 16229 | &nbsp;&nbsp;&nbsp; $657599 |
| Centuri Holdings, Inc. (a) | 7176 | &nbsp;&nbsp;&nbsp; 209611 |
| Dycom Industries, Inc. (a) | 101 | &nbsp;&nbsp;&nbsp; 34221 |
| Legence Corp., "A" (a) | 13233 | &nbsp;&nbsp;&nbsp; 747135 |
| MYR Group, Inc. (a) | 4493 | &nbsp;&nbsp;&nbsp; 1268464 |
| Primoris Services Corp. | 3336 | &nbsp;&nbsp;&nbsp; 477181 |
| Sterling Infrastructure, Inc. (a) | 710 | &nbsp;&nbsp;&nbsp; 289162 |
| Tutor Perini Corp. | 4500 | &nbsp;&nbsp;&nbsp; 347355 |
|  |  | &nbsp;&nbsp;&nbsp; $4030728 |
| Entertainment & Leisure – 2.5% | Entertainment & Leisure – 2.5% |  |
| Brunswick Corp. | 13644 | &nbsp;&nbsp;&nbsp; $992737 |
| Corsair Gaming, Inc. (a) | 144299 | &nbsp;&nbsp;&nbsp; 800860 |
| Quad/Graphics, Inc. | 28410 | &nbsp;&nbsp;&nbsp; 187790 |
|  |  | &nbsp;&nbsp;&nbsp; $1981387 |
| Food & Beverages – 0.5% | Food & Beverages – 0.5% |  |
| Once Upon a Farm PBC (a)(l)  | 21829 | &nbsp;&nbsp;&nbsp; $356904 |
| Hardware, Peripherals, & Assembly – 1.6% | Hardware, Peripherals, & Assembly – 1.6% |  |
| Adtran Holdings, Inc. (a) | 11810 | &nbsp;&nbsp;&nbsp; $148570 |
| Credo Technology Group Holdings Ltd. (a) | 2158 | &nbsp;&nbsp;&nbsp; 202572 |
| IonQ, Inc. (a) | 1532 | &nbsp;&nbsp;&nbsp; 44168 |
| Pitney Bowes, Inc. | 8606 | &nbsp;&nbsp;&nbsp; 95096 |
| Q2 Holdings, Inc. (a) | 13288 | &nbsp;&nbsp;&nbsp; 628522 |
| ScanSource, Inc. (a) | 3551 | &nbsp;&nbsp;&nbsp; 128901 |
|  |  | &nbsp;&nbsp;&nbsp; $1247829 |
| Health Maintenance Organizations – 0.0% | Health Maintenance Organizations – 0.0% |  |
| Molina Healthcare, Inc. (a)  | 272 | &nbsp;&nbsp;&nbsp; $36258 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Insurance – 4.3% | Insurance – 4.3% |  |
| AXIS Capital Holdings Ltd. | 7056 | &nbsp;&nbsp;&nbsp; $715549 |
| Hanover Insurance Group, Inc. | 4650 | &nbsp;&nbsp;&nbsp; 806078 |
| Lincoln National Corp. | 26398 | &nbsp;&nbsp;&nbsp; 937129 |
| Voya Financial, Inc. | 13748 | &nbsp;&nbsp;&nbsp; 939263 |
|  |  | &nbsp;&nbsp;&nbsp; $3398019 |
| Internet – 0.4% | Internet – 0.4% |  |
| CarGurus, Inc. (a)  | 9067 | &nbsp;&nbsp;&nbsp; $308731 |
| Machinery & Tools – 3.1% | Machinery & Tools – 3.1% |  |
| AGCO Corp. | 8582 | &nbsp;&nbsp;&nbsp; $994396 |
| Flowserve Corp. | 15392 | &nbsp;&nbsp;&nbsp; 1131466 |
| Kadant, Inc. | 1142 | &nbsp;&nbsp;&nbsp; 333864 |
|  |  | &nbsp;&nbsp;&nbsp; $2459726 |
| Medical & Health Technology & Services – 1.8% | Medical & Health Technology & Services – 1.8% |  |
| Accendra Health, Inc. (a) | 17082 | &nbsp;&nbsp;&nbsp; $38947 |
| AMN Healthcare Services, Inc. (a) | 5191 | &nbsp;&nbsp;&nbsp; 95203 |
| Azenta, Inc. (a) | 2489 | &nbsp;&nbsp;&nbsp; 52593 |
| Ensign Group, Inc. | 191 | &nbsp;&nbsp;&nbsp; 38486 |
| GeneDX Holdings Corp. (a) | 6455 | &nbsp;&nbsp;&nbsp; 414540 |
| Ginkgo Bioworks Holdings, Inc. (a) | 8554 | &nbsp;&nbsp;&nbsp; 52436 |
| Guardant Health, Inc. (a) | 627 | &nbsp;&nbsp;&nbsp; 57916 |
| Nutex Health, Inc. (a)(l) | 803 | &nbsp;&nbsp;&nbsp; 76317 |
| Option Care Health, Inc. (a) | 7831 | &nbsp;&nbsp;&nbsp; 210810 |
| Phreesia, Inc. (a) | 2327 | &nbsp;&nbsp;&nbsp; 19500 |
| Schrodinger, Inc. (a) | 6219 | &nbsp;&nbsp;&nbsp; 70648 |
| Teladoc Health, Inc. (a) | 49177 | &nbsp;&nbsp;&nbsp; 268015 |
|  |  | &nbsp;&nbsp;&nbsp; $1395411 |
| Medical Equipment – 4.3% | Medical Equipment – 4.3% |  |
| Anika Therapeutics, Inc. (a) | 13036 | &nbsp;&nbsp;&nbsp; $189022 |
| AtriCure, Inc. (a) | 20818 | &nbsp;&nbsp;&nbsp; 593938 |
| Avantor, Inc. (a) | 14456 | &nbsp;&nbsp;&nbsp; 113335 |
| Billiontoone, Inc., "A" (a)(l) | 1051 | &nbsp;&nbsp;&nbsp; 82966 |
| Bio-Rad Laboratories, Inc., "A" (a) | 705 | &nbsp;&nbsp;&nbsp; 196519 |
| Caris Life Sciences, Inc. (a) | 4648 | &nbsp;&nbsp;&nbsp; 83106 |
| Embecta Corp. | 40608 | &nbsp;&nbsp;&nbsp; 358975 |
| Envista Holdings Corp. (a) | 47605 | &nbsp;&nbsp;&nbsp; 1207739 |
| iRhythm Technologies, Inc. (a) | 2667 | &nbsp;&nbsp;&nbsp; 314759 |
| MiMedx Group, Inc. (a) | 10925 | &nbsp;&nbsp;&nbsp; 43154 |
| Myriad Genetics, Inc. (a) | 24135 | &nbsp;&nbsp;&nbsp; 108607 |
| TransMedics Group, Inc. (a) | 564 | &nbsp;&nbsp;&nbsp; 56067 |
|  |  | &nbsp;&nbsp;&nbsp; $3348187 |
| Metals & Mining – 1.7% | Metals & Mining – 1.7% |  |
| Caledonia Mining Corp. PLC | 17002 | &nbsp;&nbsp;&nbsp; $384075 |
| Coeur Mining, Inc. (a) | 6460 | &nbsp;&nbsp;&nbsp; 121254 |
| Ferroglobe PLC | 35216 | &nbsp;&nbsp;&nbsp; 145090 |
| Hecla Mining Co. | 33826 | &nbsp;&nbsp;&nbsp; 630179 |
| Ryerson Holding Corp. | 3084 | &nbsp;&nbsp;&nbsp; 69328 |
|  |  | &nbsp;&nbsp;&nbsp; $1349926 |
| Non-Global Systemically Important Banks – 10.2% | Non-Global Systemically Important Banks – 10.2% |  |
| Banc of California, Inc. | 17645 | &nbsp;&nbsp;&nbsp; $310199 |
| Berkshire Hills Bancorp, Inc. | 36686 | &nbsp;&nbsp;&nbsp; 1100580 |
| Cathay General Bancorp, Inc. | 16729 | &nbsp;&nbsp;&nbsp; 834108 |
| Columbia Banking System, Inc. | 28342 | &nbsp;&nbsp;&nbsp; 777421 |
| Eagle Bancorp, Inc. | 2631 | &nbsp;&nbsp;&nbsp; 65433 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Non-Global Systemically Important Banks – continued | Non-Global Systemically Important Banks – continued |  |
| East West Bancorp, Inc. | 6879 | &nbsp;&nbsp;&nbsp; $734402 |
| Metro Bank Holdings PLC | 1875 | &nbsp;&nbsp;&nbsp; 156169 |
| Popular, Inc. | 10092 | &nbsp;&nbsp;&nbsp; 1354043 |
| Texas Capital Bancshares, Inc. (a) | 12042 | &nbsp;&nbsp;&nbsp; 1142545 |
| UMB Financial Corp. | 10362 | &nbsp;&nbsp;&nbsp; 1168730 |
| United Community Bank, Inc. | 10481 | &nbsp;&nbsp;&nbsp; 330047 |
|  |  | &nbsp;&nbsp;&nbsp; $7973677 |
| Oil Services – 3.7% | Oil Services – 3.7% |  |
| Expro Group Holdings N.V. (a) | 62920 | &nbsp;&nbsp;&nbsp; $1095437 |
| Oil States International, Inc. (a) | 52308 | &nbsp;&nbsp;&nbsp; 608865 |
| Weatherford International PLC | 12224 | &nbsp;&nbsp;&nbsp; 1156146 |
|  |  | &nbsp;&nbsp;&nbsp; $2860448 |
| Pharmaceuticals & Biotechnology – 10.8% | Pharmaceuticals & Biotechnology – 10.8% |  |
| ACADIA Pharmaceuticals, Inc. (a) | 10343 | &nbsp;&nbsp;&nbsp; $230235 |
| Amneal Pharmaceuticals, Inc. (a) | 22206 | &nbsp;&nbsp;&nbsp; 276021 |
| Arcturus Therapeutics Holdings, Inc. (a) | 10439 | &nbsp;&nbsp;&nbsp; 80589 |
| Arcus Biosciences, Inc. (a) | 3948 | &nbsp;&nbsp;&nbsp; 85277 |
| Arvinas, Inc. (a) | 14209 | &nbsp;&nbsp;&nbsp; 150615 |
| Bioage Labs, Inc. (a) | 3155 | &nbsp;&nbsp;&nbsp; 55181 |
| BridgeBio Pharma, Inc. (a) | 564 | &nbsp;&nbsp;&nbsp; 41883 |
| Capricor Therapeutics, Inc. (a) | 1834 | &nbsp;&nbsp;&nbsp; 55754 |
| Catalyst Pharmaceuticals, Inc. (a) | 6436 | &nbsp;&nbsp;&nbsp; 159355 |
| Cogent Biosciences, Inc. (a) | 4384 | &nbsp;&nbsp;&nbsp; 168740 |
| Collegium Pharmaceutical, Inc. (a) | 3764 | &nbsp;&nbsp;&nbsp; 124475 |
| Corvus Pharmaceuticals, Inc. (a) | 7237 | &nbsp;&nbsp;&nbsp; 105877 |
| Cytokinetics, Inc. (a) | 6245 | &nbsp;&nbsp;&nbsp; 411608 |
| Day One Biopharmaceuticals, Inc. (a) | 25683 | &nbsp;&nbsp;&nbsp; 550643 |
| Erasca, Inc. (a) | 7398 | &nbsp;&nbsp;&nbsp; 119700 |
| Exelixis, Inc. (a) | 6095 | &nbsp;&nbsp;&nbsp; 261415 |
| GRAIL, Inc. (a) | 423 | &nbsp;&nbsp;&nbsp; 21861 |
| Harmony Biosciences Holdings (a) | 4016 | &nbsp;&nbsp;&nbsp; 112488 |
| Indivior Pharmaceuticals, Inc. (a) | 9525 | &nbsp;&nbsp;&nbsp; 290322 |
| Intellia Theraputics, Inc. (a) | 6023 | &nbsp;&nbsp;&nbsp; 77215 |
| Ionis Pharmaceuticals, Inc. (a) | 4209 | &nbsp;&nbsp;&nbsp; 316054 |
| Jazz Pharmaceuticals PLC (a) | 1077 | &nbsp;&nbsp;&nbsp; 203607 |
| Keros Therapuetics, Inc. (a) | 8560 | &nbsp;&nbsp;&nbsp; 94502 |
| Kiniksa Pharmaceuticals International PLC (a) | 5437 | &nbsp;&nbsp;&nbsp; 261792 |
| Kymera Therapeutics, Inc. (a) | 4762 | &nbsp;&nbsp;&nbsp; 396627 |
| Mirum Pharmaceuticals, Inc. (a) | 3386 | &nbsp;&nbsp;&nbsp; 312799 |
| Monte Rosa Therapeutics, Inc. | 9869 | &nbsp;&nbsp;&nbsp; 162345 |
| Neurocrine Biosciences, Inc. (a) | 1469 | &nbsp;&nbsp;&nbsp; 193526 |
| Novavax, Inc. (a) | 28752 | &nbsp;&nbsp;&nbsp; 234041 |
| Nurix Therapeutics, Inc. (a) | 7452 | &nbsp;&nbsp;&nbsp; 115506 |
| Olema Pharmaceuticals, Inc. (a) | 8214 | &nbsp;&nbsp;&nbsp; 122471 |
| Organon & Co. | 40547 | &nbsp;&nbsp;&nbsp; 242877 |
| Palvella Therapeutics, Inc. (a) | 373 | &nbsp;&nbsp;&nbsp; 46494 |
| Phibro Animal Health Corp., "A" | 5129 | &nbsp;&nbsp;&nbsp; 283685 |
| Praxis Precision Medicines, Inc. (a) | 1291 | &nbsp;&nbsp;&nbsp; 415947 |
| Prothena Corp. PLC (a) | 23070 | &nbsp;&nbsp;&nbsp; 224240 |
| PTC Therapeutics, Inc. (a) | 5865 | &nbsp;&nbsp;&nbsp; 399582 |
| REGENXBIO, Inc. (a) | 19557 | &nbsp;&nbsp;&nbsp; 163888 |
| Rigel Pharmaceuticals, Inc. (a) | 7693 | &nbsp;&nbsp;&nbsp; 208019 |
| Septerna, Inc. (a) | 1814 | &nbsp;&nbsp;&nbsp; 43590 |
| Stoke Theraputics, Inc. (a) | 3956 | &nbsp;&nbsp;&nbsp; 128807 |
| Tango Therapeutics, Inc. (a) | 4767 | &nbsp;&nbsp;&nbsp; 99726 |
| Terns Pharmaceuticals, Inc. (a) | 1905 | &nbsp;&nbsp;&nbsp; 100432 |
| Ultragenyx Pharmaceutical, Inc. (a) | 3717 | &nbsp;&nbsp;&nbsp; 77871 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Pharmaceuticals & Biotechnology – continued | Pharmaceuticals & Biotechnology – continued |  |
| Vanda Pharmaceuticals, Inc. (a) | 17620 | &nbsp;&nbsp;&nbsp; $121754 |
| Zenas Biopharma, Inc. (a) | 1633 | &nbsp;&nbsp;&nbsp; 31925 |
| Zymeworks, Inc. (a) | 4776 | &nbsp;&nbsp;&nbsp; 119591 |
|  |  | &nbsp;&nbsp;&nbsp; $8500952 |
| Real Estate – 3.1% | Real Estate – 3.1% |  |
| Cushman & Wakefield Ltd. (a) | 30723 | &nbsp;&nbsp;&nbsp; $376664 |
| Essential Properties Realty Trust, REIT | 33343 | &nbsp;&nbsp;&nbsp; 1012293 |
| NNN REIT, Inc. | 24286 | &nbsp;&nbsp;&nbsp; 1020741 |
|  |  | &nbsp;&nbsp;&nbsp; $2409698 |
| Real Estate - Storage & Office – 2.0% | Real Estate - Storage & Office – 2.0% |  |
| Cousins Properties, Inc., REIT | 5169 | &nbsp;&nbsp;&nbsp; $116665 |
| Highwoods Properties, Inc., REIT | 30308 | &nbsp;&nbsp;&nbsp; 648894 |
| Piedmont Office Realty Trust, Inc., REIT (a) | 119895 | &nbsp;&nbsp;&nbsp; 787710 |
|  |  | &nbsp;&nbsp;&nbsp; $1553269 |
| Restaurants – 0.9% | Restaurants – 0.9% |  |
| Chefs' Warehouse, Inc. (a)  | 12105 | &nbsp;&nbsp;&nbsp; $719642 |
| Retail & E-commerce – 0.5% | Retail & E-commerce – 0.5% |  |
| Bath & Body Works, Inc. | 14082 | &nbsp;&nbsp;&nbsp; $262911 |
| Genesco, Inc. (a) | 3935 | &nbsp;&nbsp;&nbsp; 114076 |
|  |  | &nbsp;&nbsp;&nbsp; $376987 |
| Semiconductor & Electronic Components – 6.8% | Semiconductor & Electronic Components – 6.8% |  |
| Advanced Energy Industries, Inc. | 4079 | &nbsp;&nbsp;&nbsp; $1316334 |
| Allegro MicroSystems, Inc. (a) | 12108 | &nbsp;&nbsp;&nbsp; 381765 |
| Alpha and Omega Semiconductor Ltd. (a) | 4844 | &nbsp;&nbsp;&nbsp; 107343 |
| Cirrus Logic, Inc. (a) | 3022 | &nbsp;&nbsp;&nbsp; 437042 |
| Fabrinet (a) | 471 | &nbsp;&nbsp;&nbsp; 245636 |
| Formfactor, Inc. (a) | 12545 | &nbsp;&nbsp;&nbsp; 1216739 |
| Kimball Electronics, Inc. (a) | 10685 | &nbsp;&nbsp;&nbsp; 253128 |
| Photronics, Inc. (a) | 14424 | &nbsp;&nbsp;&nbsp; 582874 |
| Sanmina Corp. (a) | 1572 | &nbsp;&nbsp;&nbsp; 203794 |
| TTM Technologies, Inc. (a) | 4549 | &nbsp;&nbsp;&nbsp; 443164 |
| VICOR Corp. (a) | 887 | &nbsp;&nbsp;&nbsp; 142807 |
|  |  | &nbsp;&nbsp;&nbsp; $5330626 |
| Software – 5.6% | Software – 5.6% |  |
| ACI Worldwide, Inc. (a) | 11296 | &nbsp;&nbsp;&nbsp; $463249 |
| Alkami Technology, Inc. (a) | 14004 | &nbsp;&nbsp;&nbsp; 219443 |
| BILL Holdings, Inc. (a) | 13810 | &nbsp;&nbsp;&nbsp; 528923 |
| Cerence, Inc. (a) | 35366 | &nbsp;&nbsp;&nbsp; 223159 |
| Clear Secure, Inc., "A" | 17631 | &nbsp;&nbsp;&nbsp; 853517 |
| Consensus Cloud Solutions, Inc. (a) | 3804 | &nbsp;&nbsp;&nbsp; 90307 |
| D-Wave Quantum, Inc. (a) | 7247 | &nbsp;&nbsp;&nbsp; 104574 |
| Elastic N.V. (a) | 8893 | &nbsp;&nbsp;&nbsp; 444561 |
| Five9, Inc. (a) | 43301 | &nbsp;&nbsp;&nbsp; 656876 |
| Netskope, Inc., "A" (a) | 6758 | &nbsp;&nbsp;&nbsp; 57375 |
| Pegasystems, Inc. | 5050 | &nbsp;&nbsp;&nbsp; 214928 |
| SentinelOne, Inc., "A" (a) | 16030 | &nbsp;&nbsp;&nbsp; 206466 |
| Thryv, Inc. (a) | 15697 | &nbsp;&nbsp;&nbsp; 43010 |
| Upwork, Inc. (a) | 23363 | &nbsp;&nbsp;&nbsp; 256059 |
|  |  | &nbsp;&nbsp;&nbsp; $4362447 |

---

------

*Portfolio of Investments (unaudited) – continued*

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | **Value ($)** |
| Common Stocks – continued  | Common Stocks – continued  | Common Stocks – continued  |
| Telecom Services – 1.9% | Telecom Services – 1.9% |  |
| EchoStar Corp., "A" (a) | 8733 | &nbsp;&nbsp;&nbsp; $1022372 |
| Globalstar, Inc. (a) | 5154 | &nbsp;&nbsp;&nbsp; 342329 |
| Lumen Technologies, Inc. (a) | 17593 | &nbsp;&nbsp;&nbsp; 122271 |
|  |  | &nbsp;&nbsp;&nbsp; $1486972 |
| Tobacco – 0.6% | Tobacco – 0.6% |  |
| Mativ Holdings, Inc.  | 57428 | &nbsp;&nbsp;&nbsp; $499624 |
| Transportation & Logistics – 1.1% | Transportation & Logistics – 1.1% |  |
| RXO, Inc. (a) | 37899 | &nbsp;&nbsp;&nbsp; $554084 |
| Saia, Inc. (a) | 901 | &nbsp;&nbsp;&nbsp; 316503 |
|  |  | &nbsp;&nbsp;&nbsp; $870587 |
| Travel, Gaming, & Lodging – 0.7% | Travel, Gaming, & Lodging – 0.7% |  |
| Brightstar Lottery PLC | 22306 | &nbsp;&nbsp;&nbsp; $284179 |
| Super Group SGHC Ltd. | 21483 | &nbsp;&nbsp;&nbsp; 232016 |
|  |  | &nbsp;&nbsp;&nbsp; $516195 |
| Utilities – 3.9% | Utilities – 3.9% |  |
| Hawaiian Electric Industries, Inc. (a) | 2600 | &nbsp;&nbsp;&nbsp; $38584 |
| Portland General Electric Co. | 25223 | &nbsp;&nbsp;&nbsp; 1331018 |
| Southwest Gas Holdings, Inc. | 8887 | &nbsp;&nbsp;&nbsp; 772280 |
| Spire, Inc. | 8277 | &nbsp;&nbsp;&nbsp; 749400 |
| UGI Corp. | 4158 | &nbsp;&nbsp;&nbsp; 151434 |
|  |  | &nbsp;&nbsp;&nbsp; $3042716 |
| **Total Common Stocks**  |  | &nbsp;&nbsp; **$78126901** |
| Mutual Funds (h) – 0.4%  | Mutual Funds (h) – 0.4%  | Mutual Funds (h) – 0.4%  |
| Money Market Funds – 0.4% | Money Market Funds – 0.4% |  |
| MFS Institutional Money Market Portfolio, 3.71% (v)  | 313920 | &nbsp;&nbsp;&nbsp; $313920 |
| Collateral for Securities Loaned – 0.8%  | Collateral for Securities Loaned – 0.8%  | Collateral for Securities Loaned – 0.8%  |
| JPMorgan U.S. Government Money Market Fund - Class IM Shares, 3.6% (j)  | 612740 | &nbsp;&nbsp;&nbsp; $612740 |
| Other Assets, Less Liabilities – (0.8)% |  | &nbsp;&nbsp;&nbsp; (604095)<br>|
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp; **$78449466** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more
 of the outstanding voting securities, or a company which is under common control. At period end, the aggregate values of the fund's investments in affiliated
 issuers and in unaffiliated issuers were $313,920 and $78,739,641, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(j) The rate quoted is the annualized seven-day yield of the fund at period end.

&nbsp;&nbsp;&nbsp;&nbsp;(l) A portion of this security is on loan.

&nbsp;&nbsp;&nbsp;&nbsp;(v) Affiliated issuer that is available only to investment companies managed by MFS. The
 rate quoted for the MFS Institutional Money Market Portfolio is the annualized seven-day yield of the fund at period end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following abbreviations are used in this report and are defined: <br> REIT Real Estate Investment Trust

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

**Supplemental Information**

3/31/26 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial

Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

**(1) Investment Valuations**

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. In accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, equity securities, including restricted equity securities, are generally valued at the last sale or official closing price on their primary market or exchange as provided by a third-party pricing service. Equity securities, for which there were no sales reported that day, are generally valued at the last quoted daily bid quotation on their primary market or exchange as provided

by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which

approximates market value. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. Events that occur after foreign markets close (such as developments in foreign markets and significant movements in the U.S. markets) and prior to the determination of the fund's net asset value may be deemed to have a material effect on the value of securities traded in foreign markets. Accordingly, the fund's foreign equity securities may often be valued at fair value. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to

sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk). Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. The following is a summary of the levels used as of March 31, 2026 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Equity Securities | &nbsp;&nbsp;&nbsp; $78126901 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $78126901 |
| Investment Companies | &nbsp;&nbsp;&nbsp; 926660 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 926660 |
| Total | &nbsp;&nbsp;&nbsp; $79053561 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $79053561 |

---

For further information regarding security characteristics, see the Portfolio of Investments.

------

*Supplemental Information (unaudited) – continued*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**(2) Investments in Affiliated Issuers**

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. The following were affiliated issuers for the period ended March 31, 2026:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | **Beginning** <br>**Value**<br>| **Purchases** | **Sales** <br>**Proceeds**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation or** <br>**Depreciation**<br>| **Ending** <br>**Value**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $386950 | &nbsp;&nbsp; $2645048 | &nbsp;&nbsp; $2717959 | &nbsp;&nbsp; $(75)<br>| &nbsp;&nbsp; $(44)<br>| &nbsp;&nbsp; $313920<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| MFS Institutional Money Market Portfolio  | &nbsp;&nbsp; $5553 | &nbsp;&nbsp; $— |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS VARIABLE INSURANCE TRUST III

- **b. Investment Company Act file number:** 811-08879

- **c. CIK number of Registrant:** 0001065698

- **d. LEI of Registrant:** 549300QPPZUNGK3D0K61

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

  - **Street Address 1:** 111 HUNTINGTON AVENUE

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Blended Research Small Cap Equity Portfolio

- **b. EDGAR series identifier (if any):** S000008071

- **c. LEI of Series:** 549300LCT4OBD7GTZH63

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $79161181.95

**Total Liabilities:** $672718.60

**Net Assets:** $78488463.35

**Cash Not Reported:** $21.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021905 | 4.61%                | 2.54%                | -5.73%               |
| Class ID C000021906 | 4.68%                | 2.39%                | -5.69%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1132269.04              | $2489945.90                                |
| Month 2  | $44549.75                | $1914077.21                                |
| Month 3  | $1918332.16              | $-6732930.12                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGCO Corp                                 | AGCO Corp                                 | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      8582 | NS      | $994396.34    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc               | AMN Healthcare Services Inc               | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |      5191 | NS      | $95202.94     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold.com Inc                              | Gold.com Inc                              | CUSIP: 00181T107<br>LEI: XP6XYFDZQGKLUMOFGT37 | Long             | EC               | CORP              | US        |      4445 | NS      | $178155.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                            | API Group Corp                            | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     16229 | NS      | $657599.08    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA Pharmaceuticals Inc                | ACADIA Pharmaceuticals Inc                | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     10343 | NS      | $230235.18    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                         | ACI Worldwide Inc                         | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     11296 | NS      | $463248.96    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc                       | ADTRAN Holdings Inc                       | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |     11810 | NS      | $148569.80    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Covista Inc                               | Covista Inc                               | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      8432 | NS      | $971788.00    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc            | Advanced Energy Industries Inc            | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      4079 | NS      | $1316334.09   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc                     | Alkami Technology Inc                     | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     14004 | NS      | $219442.68    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                  | Allegro MicroSystems Inc                  | CUSIP: 01749D105<br>LEI: 54930004TGPV6DR3LE12 | Long             | EC               | CORP              | US        |     12108 | NS      | $381765.24    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc              | Bread Financial Holdings Inc              | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |      7917 | NS      | $592904.13    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Amneal Pharmaceuticals Inc                | Amneal Pharmaceuticals Inc                | CUSIP: 03168L105<br>LEI: 549300VV176ZO5WQHZ61 | Long             | EC               | CORP              | US        |     22206 | NS      | $276020.58    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Anika Therapeutics Inc                    | Anika Therapeutics Inc                    | CUSIP: 035255108<br>LEI: 529900R9LS3Z0O6QH455 | Long             | EC               | CORP              | US        |     13036 | NS      | $189022.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcus Biosciences Inc                     | Arcus Biosciences Inc                     | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3948 | NS      | $85276.80     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcturus Therapeutics Holdings Inc        | Arcturus Therapeutics Holdings Inc        | CUSIP: 03969T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10439 | NS      | $80589.08     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Arvinas Inc                               | Arvinas Inc                               | CUSIP: 04335A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14209 | NS      | $150615.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AtriCure Inc                              | AtriCure Inc                              | CUSIP: 04963C209<br>LEI: 254900B2I6GPHK2EXM59 | Long             | EC               | CORP              | US        |     20818 | NS      | $593937.54    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                               | Avantor Inc                               | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14456 | NS      | $113335.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                               | Avient Corp                               | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     32243 | NS      | $1170420.90   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc                    | Banc of California Inc                    | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     17645 | NS      | $310199.10    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                     | Bath & Body Works Inc                     | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     14082 | NS      | $262910.94    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Financial Corp                     | Beacon Financial Corp                     | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     36686 | NS      | $1100580.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                         | BILL Holdings Inc                         | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |     13810 | NS      | $528923.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Billiontoone Inc                          | Billiontoone Inc                          | CUSIP: 090168105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1051 | NS      | $82965.94     | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Bio-Rad Laboratories Inc                  | Bio-Rad Laboratories Inc                  | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |       705 | NS      | $196518.75    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                     | BioLife Solutions Inc                     | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |      7747 | NS      | $147812.76    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BioAge Labs Inc                           | BioAge Labs Inc                           | CUSIP: 09077V100<br>LEI: 529900NG0C40250Z7875 | Long             | EC               | CORP              | US        |      3155 | NS      | $55180.95     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                         | Bloom Energy Corp                         | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      7119 | NS      | $964553.31    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc                     | BlueLinx Holdings Inc                     | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |      3744 | NS      | $202849.92    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                      | Bridgebio Pharma Inc                      | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |       564 | NS      | $41882.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                | Azenta Inc                                | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |      2489 | NS      | $52592.57     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                         | Brunswick Corp/DE                         | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     13644 | NS      | $992737.44    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                    | CACI International Inc                    | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1058 | NS      | $575414.46    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Capricor Therapeutics Inc                 | Capricor Therapeutics Inc                 | CUSIP: 14070B309<br>LEI: 5493002ZI5PDLXV4DX14 | Long             | EC               | CORP              | US        |      1834 | NS      | $55753.60     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                              | Cargurus Inc                              | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |      9067 | NS      | $308731.35    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Caris Life Sciences Inc                   | Caris Life Sciences Inc                   | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |      4648 | NS      | $83106.24     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc              | Catalyst Pharmaceuticals Inc              | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |      6436 | NS      | $159355.36    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                    | Cathay General Bancorp                    | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     16729 | NS      | $834107.94    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings Inc                      | Centuri Holdings Inc                      | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7176 | NS      | $209610.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc                               | Cerence Inc                               | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |     35366 | NS      | $223159.46    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The                  | Chefs' Warehouse Inc/The                  | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     12105 | NS      | $719642.25    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                          | Cirrus Logic Inc                          | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      3022 | NS      | $437041.64    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                          | Clear Secure Inc                          | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17631 | NS      | $853516.71    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                          | Coeur Mining Inc                          | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |      6460 | NS      | $121254.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Biosciences Inc                    | Cogent Biosciences Inc                    | CUSIP: 19240Q201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4384 | NS      | $168740.16    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc              | Collegium Pharmaceutical Inc              | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |      3764 | NS      | $124475.48    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc               | Columbia Banking System Inc               | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     28342 | NS      | $777421.06    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                    | Columbia Sportswear Co                    | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |      3034 | NS      | $166293.54    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                           | Concentrix Corp                           | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      2131 | NS      | $58304.16     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions Inc             | Consensus Cloud Solutions Inc             | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3804 | NS      | $90306.96     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Corsair Gaming Inc                        | Corsair Gaming Inc                        | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |    144299 | NS      | $800859.45    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Corvus Pharmaceuticals Inc                | Corvus Pharmaceuticals Inc                | CUSIP: 221015100<br>LEI: 549300I3AVJ8F75NCX65 | Long             | EC               | CORP              | US        |      7237 | NS      | $105877.31    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                    | Cousins Properties Inc                    | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |      5169 | NS      | $116664.33    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                          | Cytokinetics Inc                          | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      6245 | NS      | $411607.95    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Day One Biopharmaceuticals Inc            | Day One Biopharmaceuticals Inc            | CUSIP: 23954D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25683 | NS      | $550643.52    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc                        | D-Wave Quantum Inc                        | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |      7247 | NS      | $104574.21    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                      | Dycom Industries Inc                      | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |       101 | NS      | $34220.82     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                            | elf Beauty Inc                            | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      2571 | NS      | $155828.31    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                         | Eagle Bancorp Inc                         | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |      2631 | NS      | $65432.97     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                     | East West Bancorp Inc                     | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |      6879 | NS      | $734402.04    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                             | EchoStar Corp                             | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      8733 | NS      | $1022372.31   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                     | Element Solutions Inc                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     30020 | NS      | $1024882.80   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp                              | Embecta Corp                              | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     40608 | NS      | $358974.72    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                      | Ensign Group Inc/The                      | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |       191 | NS      | $38486.50     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                     | Envista Holdings Corp                     | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     47605 | NS      | $1207738.85   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Erasca Inc                                | Erasca Inc                                | CUSIP: 29479A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7398 | NS      | $119699.64    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc     | Essential Properties Realty Trust Inc     | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     33343 | NS      | $1012293.48   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                              | Exelixis Inc                              | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      6095 | NS      | $261414.55    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc                                 | Five9 Inc                                 | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |     43301 | NS      | $656876.17    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                            | Flowserve Corp                            | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     15392 | NS      | $1131465.92   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                            | FormFactor Inc                            | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     12545 | NS      | $1216739.55   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc                         | GCM Grosvenor Inc                         | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40599 | NS      | $397870.20    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesco Inc                               | Genesco Inc                               | CUSIP: 371532102<br>LEI: 549300VY2Q511P1K5P56 | Long             | EC               | CORP              | US        |      3935 | NS      | $114075.65    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ginkgo Bioworks Holdings Inc              | Ginkgo Bioworks Holdings Inc              | CUSIP: 37611X209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8554 | NS      | $52436.02     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Globalstar Inc                            | Globalstar Inc                            | CUSIP: 378973507<br>LEI: 549300NEX8I0MSOW0R64 | Long             | EC               | CORP              | US        |      5154 | NS      | $342328.68    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The             | Goodyear Tire & Rubber Co/The             | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     38865 | NS      | $257674.95    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL Inc                                 | GRAIL Inc                                 | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |       423 | NS      | $21860.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                | Grand Canyon Education Inc                | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      5682 | NS      | $966110.46    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Plains Inc                          | Green Plains Inc                          | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     11074 | NS      | $182167.30    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                       | Guardant Health Inc                       | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |       627 | NS      | $57915.99     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                         | Hamilton Lane Inc                         | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      1527 | NS      | $151783.80    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/The           | Hanover Insurance Group Inc/The           | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      4650 | NS      | $806077.50    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc          | Harmony Biosciences Holdings Inc          | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4016 | NS      | $112488.16    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries Inc          | Hawaiian Electric Industries Inc          | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |      2600 | NS      | $38584.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                           | Hecla Mining Co                           | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     33826 | NS      | $630178.38    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                               | Hexcel Corp                               | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      1441 | NS      | $116620.13    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                  | Highwoods Properties Inc                  | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     30308 | NS      | $648894.28    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| IRhythm Holdings Inc                      | IRhythm Holdings Inc                      | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |      2667 | NS      | $314759.34    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Indivior Pharmaceuticals Inc              | Indivior Pharmaceuticals Inc              | CUSIP: 45579U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9525 | NS      | $290322.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Intellia Therapeutics Inc                 | Intellia Therapeutics Inc                 | CUSIP: 45826J105<br>LEI: 5493002T5BCPE5DZC723 | Long             | EC               | CORP              | US        |      6023 | NS      | $77214.86     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                 | Ionis Pharmaceuticals Inc                 | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |      4209 | NS      | $316053.81    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                                  | IonQ Inc                                  | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |      1532 | NS      | $44167.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                | Kadant Inc                                | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      1142 | NS      | $333863.70    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                       | Karman Holdings Inc                       | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9442 | NS      | $755832.10    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Keros Therapeutics Inc                    | Keros Therapeutics Inc                    | CUSIP: 492327101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8560 | NS      | $94502.40     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc                   | Kimball Electronics Inc                   | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     10685 | NS      | $253127.65    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc   | Kratos Defense & Security Solutions Inc   | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      2175 | NS      | $153359.25    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kymera Therapeutics Inc                   | Kymera Therapeutics Inc                   | CUSIP: 501575104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4762 | NS      | $396626.98    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp                              | Legence Corp                              | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13233 | NS      | $747135.18    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                     | Lincoln National Corp                     | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     26398 | NS      | $937129.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                    | Lumen Technologies Inc                    | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |     17593 | NS      | $122271.35    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Institutional Money Market Portfolio  | MFS Institutional Money Market Portfolio  | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | EC               | RF                | US        |    311854 | NS      | $311853.72    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                             | MYR Group Inc                             | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      4493 | NS      | $1268463.76   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc                   | Methode Electronics Inc                   | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |     29741 | NS      | $164170.32    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp            | Metropolitan Bank Holding Corp            | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1875 | NS      | $156168.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MiMedx Group Inc                          | MiMedx Group Inc                          | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10925 | NS      | $43153.75     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc                 | Mirum Pharmaceuticals Inc                 | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |      3386 | NS      | $312798.68    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                   | Modine Manufacturing Co                   | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      4726 | NS      | $1024171.46   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                     | Molina Healthcare Inc                     | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       272 | NS      | $36257.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Monte Rosa Therapeutics Inc               | Monte Rosa Therapeutics Inc               | CUSIP: 61225M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9869 | NS      | $162345.05    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics Inc                       | Myriad Genetics Inc                       | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |     24135 | NS      | $108607.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                      | National Fuel Gas Co                      | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |       356 | NS      | $33449.76     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                              | NNN REIT Inc                              | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     24286 | NS      | $1020740.58   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Netskope Inc                              | Netskope Inc                              | CUSIP: 64119N608<br>LEI: 254900CS525VJG6KO570 | Long             | EC               | CORP              | US        |      6758 | NS      | $57375.42     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                | Neurocrine Biosciences Inc                | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      1469 | NS      | $193526.06    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Newell Brands Inc                         | Newell Brands Inc                         | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |    180529 | NS      | $619214.47    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                             | Nextpower Inc                             | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       973 | NS      | $117295.15    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Novavax Inc                               | Novavax Inc                               | CUSIP: 670002401<br>LEI: 529900J4GJHPEPQ23205 | Long             | EC               | CORP              | US        |     28752 | NS      | $234041.28    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutex Health Inc                          | Nutex Health Inc                          | CUSIP: 67079U306<br>LEI: 254900RSD2OET3HENJ50 | Long             | EC               | CORP              | US        |       803 | NS      | $76317.12     | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Nurix Therapeutics Inc                    | Nurix Therapeutics Inc                    | CUSIP: 67080M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7452 | NS      | $115506.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International Inc              | Oil States International Inc              | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |     52308 | NS      | $608865.12    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Olema Pharmaceuticals Inc                 | Olema Pharmaceuticals Inc                 | CUSIP: 68062P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8214 | NS      | $122470.74    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Once Upon a Farm PBC                      | Once Upon a Farm PBC                      | CUSIP: 68237F108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21829 | NS      | $356904.15    | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Option Care Health Inc                    | Option Care Health Inc                    | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |      7831 | NS      | $210810.52    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                              | Organon & Co                              | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |     40547 | NS      | $242876.53    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Accendra Health Inc                       | Accendra Health Inc                       | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     17082 | NS      | $38946.96     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT Partners Inc                          | PJT Partners Inc                          | CUSIP: 69343T107<br>LEI: 549300W3WBEQUBKYTN87 | Long             | EC               | CORP              | US        |       653 | NS      | $91237.16     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics Inc                      | PTC Therapeutics Inc                      | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |      5865 | NS      | $399582.45    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Palvella Therapeutics Inc                 | Palvella Therapeutics Inc                 | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               | CORP              | US        |       373 | NS      | $46494.45     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc                  | Par Pacific Holdings Inc                  | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     11101 | NS      | $695366.64    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                       | Peabody Energy Corp                       | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |      1240 | NS      | $40858.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                           | Pegasystems Inc                           | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      5050 | NS      | $214928.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | Permian Resources Corp                    | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     39331 | NS      | $838536.92    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corp                 | Phibro Animal Health Corp                 | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |      5129 | NS      | $283684.99    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Education Partners Inc            | Phoenix Education Partners Inc            | CUSIP: 718968100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13470 | NS      | $423766.20    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                            | Photronics Inc                            | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     14424 | NS      | $582873.84    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                              | Phreesia Inc                              | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |      2327 | NS      | $19500.26     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Realty Trust Inc                 | Piedmont Realty Trust Inc                 | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119895 | NS      | $787710.15    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc                          | Pitney Bowes Inc                          | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |      8606 | NS      | $95096.30     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                               | Popular Inc                               | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     10092 | NS      | $1354043.64   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co              | Portland General Electric Co              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     25223 | NS      | $1331017.71   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Solutions International Inc         | Power Solutions International Inc         | CUSIP: 73933G202<br>LEI: 549300JWGWDXC70SNH31 | Long             | EC               | CORP              | US        |      1774 | NS      | $108001.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Praxis Precision Medicines Inc            | Praxis Precision Medicines Inc            | CUSIP: 74006W207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1291 | NS      | $415947.29    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc          | Prestige Consumer Healthcare Inc          | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6803 | NS      | $403213.81    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                    | Primoris Services Corp                    | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      3336 | NS      | $477181.44    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                         | PROG Holdings Inc                         | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     11362 | NS      | $325975.78    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Quad/Graphics Inc                         | Quad/Graphics Inc                         | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |     28410 | NS      | $187790.10    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                           | Q2 Holdings Inc                           | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     13288 | NS      | $628522.40    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                                   | RXO Inc                                   | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     37899 | NS      | $554083.38    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENXBIO Inc                             | REGENXBIO Inc                             | CUSIP: 75901B107<br>LEI: 549300EOES47LATSET33 | Long             | EC               | CORP              | US        |     19557 | NS      | $163887.66    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigel Pharmaceuticals Inc                 | Rigel Pharmaceuticals Inc                 | CUSIP: 766559702<br>LEI: 529900KPTNUS5J8K9K66 | Long             | EC               | CORP              | US        |      7693 | NS      | $208018.72    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp                      | Ryerson Holding Corp                      | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |      3084 | NS      | $69328.32     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                  | SLM Corp                                  | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26129 | NS      | $559421.89    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                              | SM Energy Co                              | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     12986 | NS      | $404903.48    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                      | SPX Technologies Inc                      | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |       181 | NS      | $36189.14     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                  | Saia Inc                                  | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |       901 | NS      | $316503.28    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                              | Sanmina Corp                              | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      1572 | NS      | $203794.08    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc                            | ScanSource Inc                            | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |      3551 | NS      | $128901.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Schrodinger Inc/United States             | Schrodinger Inc/United States             | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |      6219 | NS      | $70647.84     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                        | Mativ Holdings Inc                        | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |     57428 | NS      | $499623.60    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                      | GeneDx Holdings Corp                      | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6455 | NS      | $414540.10    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                           | SentinelOne Inc                           | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |     16030 | NS      | $206466.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Septerna Inc                              | Septerna Inc                              | CUSIP: 81734D104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1814 | NS      | $43590.42     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc             | Shoals Technologies Group Inc             | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8495 | NS      | $55897.10     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc              | Simpson Manufacturing Co Inc              | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      2386 | NS      | $409485.32    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc              | SiteOne Landscape Supply Inc              | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |       514 | NS      | $68418.54     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                | Southwest Gas Holdings Inc                | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      8887 | NS      | $772280.30    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                 | Spire Inc                                 | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      8277 | NS      | $749399.58    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                          | StandardAero Inc                          | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6476 | NS      | $167275.08    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc               | Sterling Infrastructure Inc               | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       710 | NS      | $289161.70    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoke Therapeutics Inc                    | Stoke Therapeutics Inc                    | CUSIP: 86150R107<br>LEI: 549300RD25SS2DIJHJ67 | Long             | EC               | CORP              | US        |      3956 | NS      | $128807.36    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                      | TTM Technologies Inc                      | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      4549 | NS      | $443163.58    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tango Therapeutics Inc                    | Tango Therapeutics Inc                    | CUSIP: 87583X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4767 | NS      | $99725.64     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc                        | Teladoc Health Inc                        | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |     49177 | NS      | $268014.65    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Terns Pharmaceuticals Inc                 | Terns Pharmaceuticals Inc                 | CUSIP: 880881107<br>LEI: 254900S1ZDQMF4MYP709 | Long             | EC               | CORP              | US        |      1905 | NS      | $100431.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares Inc              | Texas Capital Bancshares Inc              | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     12042 | NS      | $1142544.96   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                        | Thryv Holdings Inc                        | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15697 | NS      | $43009.78     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                     | TransMedics Group Inc                     | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |       564 | NS      | $56067.24     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                          | TriNet Group Inc                          | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |     17320 | NS      | $630967.60    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp                         | Tutor Perini Corp                         | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |      4500 | NS      | $347355.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                  | UGI Corp                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |      4158 | NS      | $151434.36    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                        | UMB Financial Corp                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     10362 | NS      | $1168729.98   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc             | Ultragenyx Pharmaceutical Inc             | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |      3717 | NS      | $77871.15     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc/GA             | United Community Banks Inc/GA             | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     10481 | NS      | $330046.69    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                | Upwork Inc                                | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     23363 | NS      | $256058.48    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanda Pharmaceuticals Inc                 | Vanda Pharmaceuticals Inc                 | CUSIP: 921659108<br>LEI: 529900AY8VOOQBKJ0O70 | Long             | EC               | CORP              | US        |     17620 | NS      | $121754.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                | Vicor Corp                                | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |       887 | NS      | $142807.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                              | Visteon Corp                              | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      7746 | NS      | $705738.06    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                        | Voya Financial Inc                        | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     13748 | NS      | $939263.36    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan US Government Money Market Fund | JP Morgan US Government Money Market Fund | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |    612740 | NS      | $612740.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                         | World Kinect Corp                         | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |      3751 | NS      | $86535.57     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| York Space Systems Inc                    | York Space Systems Inc                    | CUSIP: 987084100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4866 | NS      | $107879.22    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Zenas Biopharma Inc                       | Zenas Biopharma Inc                       | CUSIP: 98937L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1633 | NS      | $31925.15     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zymeworks Inc                             | Zymeworks Inc                             | CUSIP: 98985Y108<br>LEI: 894500AHOYAGYLYZJL67 | Long             | EC               | CORP              | US        |      4776 | NS      | $119591.04    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                 | Axis Capital Holdings Ltd                 | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      7056 | NS      | $715548.96    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                                   | Bullish                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      2847 | NS      | $101723.31    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Caledonia Mining Corp PLC                 | Caledonia Mining Corp PLC                 | CUSIP: 000000000<br>LEI: 21380093ZBI4BFM75Y51 | Long             | EC               | CORP              | JE        |     17002 | NS      | $384075.18    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd        | Credo Technology Group Holding Ltd        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      2158 | NS      | $202571.46    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield Ltd                   | Cushman & Wakefield Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     30723 | NS      | $376663.98    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                  | Fabrinet                                  | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |       471 | NS      | $245635.92    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe PLC                            | Ferroglobe PLC                            | CUSIP: 000000000<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |     35216 | NS      | $145089.92    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GigaCloud Technology Inc                  | GigaCloud Technology Inc                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      2713 | NS      | $123115.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Ltd                             | Herbalife Ltd                             | CUSIP: 000000000<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | KY        |     11992 | NS      | $176522.24    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightstar Lottery PLC                    | Brightstar Lottery PLC                    | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |     22306 | NS      | $284178.44    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC             | Weatherford International PLC             | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     12224 | NS      | $1156145.92   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                  | Jazz Pharmaceuticals PLC                  | CUSIP: 000000000<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      1077 | NS      | $203606.85    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiniksa Pharmaceuticals International Plc | Kiniksa Pharmaceuticals International Plc | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      5437 | NS      | $261791.55    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd           | Alpha & Omega Semiconductor Ltd           | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |      4844 | NS      | $107343.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Prothena Corp PLC                         | Prothena Corp PLC                         | CUSIP: 000000000<br>LEI: 5299009ZXQ8NIIJ8OL30 | Long             | EC               | CORP              | IE        |     23070 | NS      | $224240.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Group SGHC Ltd                      | Super Group SGHC Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |     21483 | NS      | $232016.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                | Elastic NV                                | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |      8893 | NS      | $444561.07    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPRO GROUP HOLDINGS NV                   | Expro Group Holdings NV                   | CUSIP: 000000000<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |     62920 | NS      | $1095437.20   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-29

**Name of Applicant:** MFS VARIABLE INSURANCE TRUST III

**Signature:** James Byrne

**Name of Signer:** James Byrne

**Title:** Assistant Treasurer