# EDGAR Filing Document

**Accession Number:** 0000802716
**File Stem:** 0001004726-26-004285
**Filing Date:** 2026-5
**Character Count:** 79428
**Document Hash:** 6fdabe3903c00baaf2ce45d854551fbe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-004285.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001004726-26-004285

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000802716

**ORGANIZATION NAME:**
- **EIN:** 316364605
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04852
- **FILM NUMBER:** 261032949

**BUSINESS ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144
- **BUSINESS PHONE:** 6144708000

**MAIL ADDRESS:**
- **STREET 1:** 4900 TIEDEMAN ROAD
- **CITY:** BROOKLYN
- **STATE:** OH
- **ZIP:** 44144

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOCIETY FUNDS
- **DATE OF NAME CHANGE:** 19940906

## Series and Classes Contracts Data

### Victory Trivalent International Fund - Core Equity (Series ID: S000046399)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000144995 | Class A      | MAICX           |
| C000144997 | Class I      | MICIX           |
| C000144998 | Class Y      | MICYX           |
| C000155527 | Class R6     | MAIRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios

- **b. Investment Company Act file number:** 811-04852

- **c. CIK number of Registrant:** 0000802716

- **d. LEI of Registrant:** 549300V07N3HJP1EW330

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

  - **Street Address 1:** 15935 La Cantera Parkway Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-539-3863

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

- **a. Name of Series:** Victory Trivalent International Fund - Core Equity

- **b. EDGAR series identifier (if any):** S000046399

- **c. LEI of Series:** 549300ZTXG8QP2J0Y703

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

- **a. Date of fiscal year-end:** 2026-06-30

- **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:** $292934426.51

**Total Liabilities:** $5280076.23

**Net Assets:** $287654350.28

**Cash Not Reported:** $3655950.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144998 | 6.57%                | 6.26%                | -9.16%               |
| Class ID C000144995 | 6.56%                | 6.35%                | -9.22%               |
| Class ID C000155527 | 6.56%                | 6.34%                | -9.17%               |
| Class ID C000144997 | 6.61%                | 6.29%                | -9.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1618918.30              | $15320766.29                               |
| Month 2  | $543968.30               | $17564868.06                               |
| Month 3  | $1198766.25              | $-31286372.12                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Galp Energia, SGPS, S.A.                                                  | GALP ENERGIA SGPS SA                          | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |     50001 | NS      | $1198742.23   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| UNILEVER PLC                                                              | UNILEVER PLC                                  | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     35140 | NS      | $1928870.48   | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| ASML Holding N.V.                                                         | ASML HOLDING N V                              | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      4245 | NS      | $5644057.46   | 1.96%             |  |  |  | No            | 2                  | On Loan: No      |
| NATIONAL BANK OF GREECE S.A.                                              | NATIONAL BANK OF GREECE SA                    | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |     79751 | NS      | $1231819.16   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| BRAZILIAN REAL                                                            | BRAZILIAN REAL                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | BR        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| ELITE MATERIAL CO., LTD.                                                  | ELITE MATERIAL CO LTD                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     27000 | NS      | $2304714.43   | 0.80%             |  |  |  | No            | 2                  | On Loan: No      |
| CENTRAIS ELETRICAS BRASILEIRAS SA ELETROBRAS                              | AXIA ENERGIA                                  | CUSIP: N/A<br>LEI: 254900I8KYDELP4B4Z08       | Long             | EC               | CORP              | BR        |     82339 | NS      | $930969.79    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| STANDARD CHARTERED PLC                                                    | STANDARD CHARTERED PLC                        | CUSIP: N/A<br>LEI: U4LOSYZ7YG4W3S5F2G91       | Long             | EC               | CORP              | GB        |    153859 | NS      | $3205911.86   | 1.11%             |  |  |  | No            | 2                  | On Loan: No      |
| WuXi AppTec Co., Ltd.                                                     | WUXI APPTEC CO LTD                            | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |     55500 | NS      | $850028.84    | 0.30%             |  |  |  | Yes           | 2                  | On Loan: No      |
| INFORMA PLC                                                               | INFORMA PLC                                   | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |     84759 | NS      | $851166.01    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| PERSISTENT SYSTEMS LIMITED                                                | PERSISTENT SYSTEMS LTD                        | CUSIP: N/A<br>LEI: 3358006QYD77Z66S1J89       | Long             | EC               | CORP              | IN        |     10461 | NS      | $549232.60    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Hong Kong Exchanges and Clearing Limited                                  | HONG KONG EXCHANGES CLEARING LTD              | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     17800 | NS      | $897996.83    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| QANTAS AIRWAYS LIMITED                                                    | QANTAS AIRWAYS LIMITED                        | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |    171505 | NS      | $1007241.11   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Raia Drogasil S/A                                                         | RAIA DROGASIL SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    248414 | NS      | $1128565.91   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                                      | HSBC US GOVT MMKT-I                           | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    633144 | NS      | $633144.30    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| POWER FINANCE CORPORATION LIMITED                                         | POWER FINANCE CORP LTD                        | CUSIP: N/A<br>LEI: 3358003Q6D9LIJJZ1614       | Long             | EC               |  | IN        |    254402 | NS      | $1028413.00   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| UCB SA                                                                    | UCB SA                                        | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               | CORP              | BE        |      4219 | NS      | $1271000.77   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| MTU Aero Engines AG                                                       | MTU AERO ENGINES AG                           | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |      2108 | NS      | $768934.83    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Central Japan Railway Company                                             | CENTRAL JAPAN RAILWAY CO                      | CUSIP: N/A<br>LEI: 353800YAR3OVUITHTG64       | Long             | EC               | CORP              | JP        |     48000 | NS      | $1248174.99   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Brookfield Corporation                                                    | BROOKFIELD CORP                               | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     18306 | NS      | $741900.37    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                                  | ROLLS ROYCE HOLDINGS PLC                      | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    168263 | NS      | $2555934.28   | 0.89%             |  |  |  | No            | 2                  | On Loan: No      |
| TOYO SUISAN KAISHA, LTD.                                                  | TOYO SUISAN KAISHA LTD                        | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11500 | NS      | $808821.98    | 0.28%             |  |  |  | No            | 2                  | On Loan: —       |
| UNION BANK OF INDIA LIMITED                                               | UNION BANK OF INDIA LTD                       | CUSIP: N/A<br>LEI: 5493000P4HD6132SQ711       | Long             | EC               | CORP              | IN        |    821892 | NS      | $1441142.21   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| DISCOVERY LIMITED                                                         | DISCOVERY LTD                                 | CUSIP: N/A<br>LEI: 378900245A26169C8132       | Long             | EC               | CORP              | ZA        |     54773 | NS      | $805397.38    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF IRELAND GROUP PUBLIC LIMITED COMPANY                              | BANK OF IRELAND GROUP PLC                     | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |     67852 | NS      | $1230889.47   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| RELX PLC                                                                  | RELX PLC                                      | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     28115 | NS      | $920973.33    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                                    | DBS GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     37080 | NS      | $1650449.53   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Sony Group Corporation                                                    | SONY GROUP CORP                               | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     89000 | NS      | $1855177.28   | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED                                | NIPPON LIFE INDIA ASSET MANAGEMENT LTD        | CUSIP: N/A<br>LEI: 335800ZQXV958RZSRU89       | Long             | EC               | CORP              | IN        |     94551 | NS      | $805486.75    | 0.28%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen | MUENCHENER RUECKVERSICHERUNGS GESELLSCHAFT AG | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      2693 | NS      | $1700512.87   | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| ARISTOCRAT LEISURE LIMITED                                                | ARISTOCRAT LEISURE LTD                        | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |     23331 | NS      | $741418.27    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| RIO TINTO LIMITED                                                         | RIO TINTO LIMITED                             | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     15168 | NS      | $1722910.43   | 0.60%             |  |  |  | No            | 2                  | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                                             | MAHINDRA MAHINDRA LTD                         | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               | CORP              | IN        |     20056 | NS      | $629137.71    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Asahi Group Holdings, Ltd.                                                | ASAHI BREWERIES LTD                           | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |     64800 | NS      | $647064.93    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                                   | VEOLIA ENVIRONNEMENT                          | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |     31993 | NS      | $1218322.24   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Company Limited                        | TAIWAN SEMICONDUCTOR MANUFACTU                | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    189000 | NS      | $10932435.00  | 3.80%             |  |  |  | No            | 2                  | On Loan: No      |
| NEC Corporation                                                           | NEC CORP                                      | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |     53000 | NS      | $1318927.82   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| SUZUKI MOTOR CORPORATION                                                  | SUZUKI MOTOR CO                               | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |     66300 | NS      | $808188.74    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Norsk Hydro ASA                                                           | NORSK HYDRO ASA                               | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    270797 | NS      | $2888259.96   | 1.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Recruit Holdings Co.,Ltd.                                                 | RECRUIT HOLDINGS CO LTD                       | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     23000 | NS      | $1002203.28   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Amrize AG                                                                 | AMRIZE LTD                                    | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               | CORP              | CH        |     16661 | NS      | $923698.06    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE                                   | CANADIAN IMPERIAL BANK OF COMM                | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     20274 | NS      | $1921722.74   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| argenx SE                                                                 | ARGENX SE                                     | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |      1772 | NS      | $1285837.25   | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| Lundin Mining Corporation                                                 | LUNDIN MINING CORP                            | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |     98090 | NS      | $2446431.88   | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| DISCO CORPORATION                                                         | DISCO CORP                                    | CUSIP: N/A<br>LEI: 529900X0YGDYM51H4Q86       | Long             | EC               | CORP              | JP        |      2700 | NS      | $1100578.54   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| ENI S.P.A.                                                                | ENI SPA                                       | CUSIP: N/A<br>LEI: BUCRF72VH5RBN7X3VL35       | Long             | EC               | CORP              | IT        |     62252 | NS      | $1769822.52   | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| ENGIE SA                                                                  | ENGIE                                         | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     51951 | NS      | $1674023.45   | 0.58%             |  |  |  | No            | 2                  | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                                                | BHARAT ELECTRONICS LTD                        | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |    186710 | NS      | $799041.93    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Bumrungrad Hospital Public Company Limited                                | BUMRUNGRAD HOSPITAL PCL NVDR                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | TH        |    138000 | NS      | $689327.44    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Nutrien Ltd.                                                              | NUTRIEN LTD                                   | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |     20308 | NS      | $1533210.93   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| HD HYUNDAI ELECTRIC CO., LTD.                                             | HYUNDAI ELECTRIC ENERGY SYSTEMS CO LTD        | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |      1318 | NS      | $747114.02    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Santander, S.A.                                                     | BANCO SANTANDER SA                            | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |    333621 | NS      | $3739630.51   | 1.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Mizuho Financial Group, Inc.                                              | MIZUHO FINANCIAL GROUP INC                    | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |     60510 | NS      | $2449903.66   | 0.85%             |  |  |  | No            | 2                  | On Loan: No      |
| ITOCHU Corporation                                                        | ITOCHU CORPORATION                            | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |    186200 | NS      | $2368777.32   | 0.82%             |  |  |  | No            | 2                  | On Loan: No      |
| Siemens Energy AG                                                         | SIEMENS ENERGY AG                             | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |     18895 | NS      | $3257995.69   | 1.13%             |  |  |  | No            | 2                  | On Loan: No      |
| ASICS Corporation                                                         | ASICS CORP                                    | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     46500 | NS      | $1250275.08   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| ORIX CORPORATION                                                          | ORIX CORP                                     | CUSIP: N/A<br>LEI: 35380016EMHNBOVYE123       | Long             | EC               | CORP              | JP        |     37500 | NS      | $1112780.36   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| IPSEN SA                                                                  | IPSEN SA                                      | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |      6833 | NS      | $1276804.46   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| Wiwynn Corporation                                                        | WIWYNN CORP                                   | CUSIP: Y9673D101<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |     11000 | NS      | $1183850.15   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| SBM Offshore N.V.                                                         | SBM OFFSHORE NV                               | CUSIP: N/A<br>LEI: 549300RDGCRYZ5QE6513       | Long             | EC               | CORP              | NL        |     25112 | NS      | $1001277.09   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| NN Group N.V.                                                             | NN GROUP NV                                   | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |     14977 | NS      | $1169485.59   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Emaar Development PJSC                                                    | EMAAR DEVELOPMENT PJSC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |    250159 | NS      | $947027.09    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Titan SA                                                                  | TITAN CEMENT INTERNATIONAL SA                 | CUSIP: N/A<br>LEI: 213800H2CDP9I374WH83       | Long             | EC               | CORP              | BE        |     20552 | NS      | $1077386.01   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| HARMONY GOLD MINING COMPANY LIMITED                                       | HARMONY GOLD MINING CO LTD                    | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     52039 | NS      | $795346.95    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| KIA CORPORATION                                                           | KIA CORP                                      | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      9416 | NS      | $929924.08    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| SPIE SA                                                                   | SPIE SA                                       | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |     17507 | NS      | $876556.29    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Telia Company AB                                                          | TELIA CO AB                                   | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |    319917 | NS      | $1639913.39   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| PRIO S.A.                                                                 | PETRO RIO SA                                  | CUSIP: N/A<br>LEI: 549300IQAZIWK5RVZX23       | Long             | EC               | CORP              | BR        |     91800 | NS      | $1173532.72   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| INFOSYS LIMITED                                                           | INFOSYS LIMITED                               | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     55224 | NS      | $744911.92    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| GREAT BRITISH POUND                                                       | GREAT BRITISH POUND                           | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | GB        |      6500 | NS      | $8601.70      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| ENDEAVOUR MINING PLC                                                      | ENDEAVOUR MINING PLC                          | CUSIP: N/A<br>LEI: 529900NI5MXQ91GHXR07       | Long             | EC               | CORP              | GB        |     22104 | NS      | $1331558.30   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| Galaxy Entertainment Group Limited                                        | GALAXY ENTERTAINMENT GROUP LTD                | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |    173000 | NS      | $781960.66    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Etihad Etisalat Company SJSC                                              | ETIHAD ETISALAT CO                            | CUSIP: N/A<br>LEI: 2549007BA9ABDE3HVK79       | Long             | EC               | CORP              | SA        |     40903 | NS      | $712351.53    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| PUBLICIS GROUPE S.A.                                                      | PUBLICIS GROUPE                               | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |     12229 | NS      | $1012052.36   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| E.ON SE                                                                   | E ON SE                                       | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     61345 | NS      | $1343365.22   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| LONDONMETRIC PROPERTY PLC                                                 | LONDONMETRIC PROPERTY PLC                     | CUSIP: N/A<br>LEI: 213800OCERWWPQDURL87       | Long             | EC               | CORP              | GB        |    304310 | NS      | $734977.33    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| Suncor Energy Inc.                                                        | SUNCOR ENERGY INC                             | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     20973 | NS      | $1387393.58   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Saudi Awwal Bank SJSC                                                     | SAUDI AWWAL BANK                              | CUSIP: M8234F111<br>LEI: 558600TQS0WENZUC5190 | Long             | EC               | CORP              | SA        |    149485 | NS      | $1494134.73   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| NATIONAL GRID PLC                                                         | NATIONAL GRID PLC                             | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |     84973 | NS      | $1434134.42   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| ORANGE SA                                                                 | ORANGE SA                                     | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |     80569 | NS      | $1651689.29   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Euronext N.V.                                                             | EURONEXT NV                                   | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |      9609 | NS      | $1542824.05   | 0.54%             |  |  |  | Yes           | 2                  | On Loan: No      |
| HINDALCO INDUSTRIES LIMITED                                               | HINDALCO INDUSTRIES LTD                       | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |    128302 | NS      | $1213380.13   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| Samsung Electronics Co., Ltd.                                             | SAMSUNG ELECTRONICS CO LTD                    | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     28177 | NS      | $3296586.90   | 1.15%             |  |  |  | No            | 2                  | On Loan: No      |
| AXA SA                                                                    | AXA SA                                        | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     20941 | NS      | $962142.08    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| HONG KONG DOLLAR                                                          | HONG KONG DOLLAR                              | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | HK        |       119 | NS      | $15.19        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Fujikura Ltd.                                                             | FUJIKURA LTD                                  | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |    102600 | NS      | $2821974.52   | 0.98%             |  |  |  | No            | 2                  | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                     | SUMITOMO MITSUI FINANCIAL GROUP INC           | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     96375 | NS      | $3169139.30   | 1.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Yokogawa Electric Corporation                                             | YOKOGAWA ELECTRIC CORP                        | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |     43100 | NS      | $1332077.53   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| GEA Group Aktiengesellschaft                                              | MG TECHNOLOGIES AG                            | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |     11272 | NS      | $808293.36    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| CTBC Financial Holding Co., Ltd.                                          | CTBC FINANCIAL HOLDING CO LTD                 | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |    587000 | NS      | $954093.04    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| GOODMAN GROUP                                                             | GOODMAN GROUP                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |     36437 | NS      | $654027.55    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                                    | ISHARES CORE MSCI EMERGING                    | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             |  | RF                | US        |     16936 | NS      | $1181286.00   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| ArcelorMittal SA                                                          | ARCELORMITTAL                                 | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |     25448 | NS      | $1319594.61   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| ASAHI KASEI CORPORATION                                                   | ASAHI KASEI CORP                              | CUSIP: N/A<br>LEI: 353800GPI4Z3MGDGN142       | Long             | EC               | CORP              | JP        |    104400 | NS      | $1021596.01   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Bradesco S.A.                                                       | BANCO BRADESCO SA                             | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |    284900 | NS      | $1054492.50   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| LUKOIL PJSC                                                               | LUKOIL PJSC                                   | CUSIP: 69343P105<br>LEI: N/A                  | Long             |  | CORP              | RU        |      8489 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Bora Pharmaceuticals Co., LTD.                                            | BORA PHARMACEUTICALS CO LTD                   | CUSIP: N/A<br>LEI: 254900MK7O5C2UX1SY03       | Long             | EC               | CORP              | TW        |     32194 | NS      | $452671.62    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| HANWHA AEROSPACE CO., LTD.                                                | HANWHA AEROSPACE CO LTD                       | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |      1898 | NS      | $1618912.78   | 0.56%             |  |  |  | No            | 2                  | On Loan: No      |
| UBS Group AG                                                              | UBS GROUP AG                                  | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     20965 | NS      | $817701.06    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| EIFFAGE SA                                                                | EIFFAGE SA                                    | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |      6292 | NS      | $964859.58    | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| ASTRAZENECA PLC                                                           | ASTRAZENECA PLC                               | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     21984 | NS      | $4298095.99   | 1.49%             |  |  |  | No            | 2                  | On Loan: No      |
| ADVANCED INFO SERVICE PUBLIC COMPANY LIMITED                              | ADVANCED INFO SERVICE NVDR                    | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             |  | CORP              | TH        |     76100 | NS      | $868757.28    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| AerCap Holdings N.V.                                                      | AERCAP HOLDINGS NV                            | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     12781 | NS      | $1753297.58   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Zijin Mining Group Company Limited                                        | ZIJIN MINING GROUP CO LTD                     | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |    322000 | NS      | $1448552.30   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| GENMAB A/S                                                                | GENMAB A S                                    | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      3752 | NS      | $1010634.48   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Vista Energy, S.A.B. de C.V.                                              | VISTA OIL GAS SAB DE CV ADR                   | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             |  | CORP              | MX        |     19444 | NS      | $1467438.68   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Boliden AB                                                                | BOLIDEN AB                                    | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |     25880 | NS      | $1357415.42   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| Otsuka Holdings Co., Ltd.                                                 | OTSUKA HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     23700 | NS      | $1682168.05   | 0.58%             |  |  |  | No            | 2                  | On Loan: No      |
| ANHEUSER-BUSCH INBEV SA                                                   | ANHEUSER BUSCH INBEV SA NV                    | CUSIP: N/A<br>LEI: 5493008H3828EMEXB082       | Long             | EC               | CORP              | BE        |     35646 | NS      | $2465875.99   | 0.86%             |  |  |  | No            | 2                  | On Loan: No      |
| BRAMBLES LIMITED                                                          | BRAMBLES LTD                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     66264 | NS      | $1039735.86   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Laopu Gold Co Ltd                                                         | LAOPU GOLD CO LTD                             | CUSIP: N/A<br>LEI: 2549003X1NWK88OCWI97       | Long             | EC               | CORP              | CN        |     11135 | NS      | $901453.29    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| International Consolidated Airlines Group, S.A.                           | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA  | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |    163155 | NS      | $767696.09    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| HARBOUR ENERGY PLC                                                        | HARBOUR ENERGY PLC                            | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |    285694 | NS      | $1135870.93   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| DELTA ELECTRONICS, INC.                                                   | DELTA ELECTRONICS INC                         | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     39000 | NS      | $1758798.54   | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| OBAYASHI CORPORATION                                                      | OBAYASHI CORPORATION                          | CUSIP: N/A<br>LEI: 529900YT4O5S0LCXWD54       | Long             | EC               | CORP              | JP        |     58000 | NS      | $1404919.86   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| Konecranes Oyj                                                            | KONECRANES OYJ                                | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |     26211 | NS      | $860147.86    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| MatsukiyoCocokara & Co.                                                   | MATSUKIYOCOCOKARA CO                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     58500 | NS      | $934474.42    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                              | BARCLAYS PLC                                  | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | RF                | GB        |    295970 | NS      | $1548718.96   | 0.54%             |  |  |  | No            | 2                  | On Loan: No      |
| SOUTH AFRICAN RAND                                                        | SOUTH AFRICAN RAND                            | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | ZA        |        51 | NS      | $2.99         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Industria de Diseno Textil, S.A.                                          | INDUSTRIA DE DISENO TEXTIL SA INDITEX         | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     31755 | NS      | $1848172.73   | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| APR Co Ltd                                                                | APR CORP KOREA                                | CUSIP: Y0R9CJ118<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      5169 | NS      | $1179753.37   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| 3I GROUP PLC                                                              | 3I GROUP PLC                                  | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     36091 | NS      | $1176063.06   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| SWEDISH KRONE                                                             | SWEDISH KRONE                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SE        |    934804 | NS      | $98800.79     | 0.03%             |  |  |  | No            | N/A                | On Loan: No      |
| TINGYI (CAYMAN ISLANDS) HOLDING CORP.                                     | TINGYI CAYMAN ISLANDS HOLDING CORP            | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | KY        |    356000 | NS      | $594367.98    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| SANLAM LIMITED                                                            | SANLAM LTD                                    | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |     36225 | NS      | $190758.40    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| ABB Ltd                                                                   | ABB LIMITED                                   | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     35289 | NS      | $2869993.31   | 1.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Element Fleet Management Corp.                                            | ELEMENT FINANCIAL CORP                        | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |     42877 | NS      | $930044.64    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                                       | CHINA CONSTRUCTION BANK CORP                  | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |   1134000 | NS      | $1223859.51   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| BIZLINK HOLDING INC.                                                      | BIZLINK HOLDING INC                           | CUSIP: N/A<br>LEI: 213800YAKRFVU5XOX138       | Long             | EC               | CORP              | KY        |     16000 | NS      | $918888.09    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokio Marine Holdings, Inc.                                               | TOKIO MARINE HOLDINGS INC                     | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     30800 | NS      | $1445917.36   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| KUNLUN ENERGY COMPANY LIMITED                                             | KUNLUN ENERGY CO LTD                          | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | BM        |    648000 | NS      | $592122.81    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF MONTREAL                                                          | BANK OF MONTREAL                              | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | RF                | CA        |      8753 | NS      | $1185736.04   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| SK hynix Inc.                                                             | SK HYNIX INC                                  | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      8392 | NS      | $4762724.34   | 1.66%             |  |  |  | No            | 2                  | On Loan: No      |
| HUNGARIAN FORINT                                                          | HUNGARIAN FORINT                              | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | HU        |         7 | NS      | $0.02         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| INDIAN RUPEE                                                              | INDIA RUPEE                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IN        |    946098 | NS      | $9975.60      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Shionogi & Co., Ltd.                                                      | SHIONOGI CO LTD                               | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     68300 | NS      | $1511003.25   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| Hana Financial Group Inc.                                                 | HANA FINANCIAL GROUP INC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     27817 | NS      | $2028366.76   | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| SHOPIFY INC.                                                              | SHOPIFY INC                                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      5715 | NS      | $678206.84    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Endesa, Sociedad Anonima                                                  | ENDESA SA                                     | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |     28361 | NS      | $1185155.67   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| VALLOUREC SA                                                              | VALLOUREC SACA                                | CUSIP: N/A<br>LEI: 969500P2Q1B47H4MCJ34       | Long             | EC               | CORP              | FR        |     46019 | NS      | $1164750.80   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| Novartis AG                                                               | NOVARTIS AG                                   | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     32031 | NS      | $4917806.50   | 1.71%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                            | GLDMN SCHS FIN SQ GV-FST                      | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    622556 | NS      | $622556.25    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Roche Holding AG                                                          | ROCHE HOLDING AG                              | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      3806 | NS      | $1519319.76   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| Henkel AG & Co. KGaA                                                      | HENKEL AG CO KGAA                             | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |     16176 | NS      | $1249414.74   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| DPM Metals Inc.                                                           | DPM METALS INC                                | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |     88790 | NS      | $3126705.15   | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| POWER GRID CORPORATION OF INDIA LIMITED                                   | POWER GRID CORP OF INDIA LTD                  | CUSIP: N/A<br>LEI: 3358009SHWZ3DZEQ4Z56       | Long             | EC               |  | IN        |    301876 | NS      | $950468.38    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Headwater Exploration Inc.                                                | HEADWATER EXPLORATION INC                     | CUSIP: 422096107<br>LEI: 549300XIU4JQ0GKLRG88 | Long             | EC               | CORP              | CA        |    135557 | NS      | $1252359.95   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| WHITECAP RESOURCES INC.                                                   | WHITECAP RESOURCES INC                        | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |    111192 | NS      | $1255096.99   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO                                                                      | EURO                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |      7052 | NS      | $8149.84      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| HON HAI PRECISION INDUSTRY CO., LTD.                                      | HON HAI PRECISION INDUSTRY CO LTD             | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    120000 | NS      | $733646.41    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| QBE INSURANCE GROUP LIMITED                                               | QBE INSURANCE GROUP LTD                       | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |     63893 | NS      | $942645.08    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| ISRAELI SHEKEL                                                            | ISRAELI SHEKEL                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IL        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                   | ROYAL BANK OF CANADA                          | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     10867 | NS      | $1756971.00   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Essity Aktiebolag (publ)                                                  | ESSITY AKTIEBOLAG B                           | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |     39087 | NS      | $1007929.94   | 0.35%             |  |  |  | No            | 2                  | On Loan: —       |
| PICC Property and Casualty Company Limited                                | PICC PROPERTY CASUALTY CO LTD                 | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |    690000 | NS      | $1270168.53   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| FUYAO GLASS INDUSTRY GROUP CO., LTD.                                      | FUYAO GLASS INDUSTRY GROUP CO LTD             | CUSIP: N/A<br>LEI: 549300AS5CSLWETN0P64       | Long             | EC               | CORP              | CN        |     96400 | NS      | $725183.08    | 0.25%             |  |  |  | Yes           | 2                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                     | INVESCO GVT & AGNCY-INST                      | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    622556 | NS      | $622556.25    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| VESTAS WIND SYSTEMS A/S                                                   | VESTAS WIND SYSTEMS A S                       | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |     31140 | NS      | $939653.12    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| DAIWA HOUSE INDUSTRY CO., LTD.                                            | DAIWA HOUSE INDUSTRY CO LTD                   | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |     25000 | NS      | $784397.60    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED                                        | FAIRFAX FINANCIAL HOLDINGS LTD                | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      1189 | NS      | $2026249.54   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| ANZ GROUP HOLDINGS LIMITED                                                | ANZ GROUP HOLDINGS LTD                        | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     86940 | NS      | $2185645.32   | 0.76%             |  |  |  | No            | 2                  | On Loan: No      |
| KUAISHOU TECHNOLOGY                                                       | KUAISHOU TECHNOLOGY                           | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |     88100 | NS      | $518950.95    | 0.18%             |  |  |  | Yes           | 2                  | On Loan: No      |
| BANK OF CHINA LIMITED                                                     | BANK OF CHINA LTD                             | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |   2313275 | NS      | $1477146.70   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| KLEPIERRE SA                                                              | KLEPIERRE SA                                  | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |     22983 | NS      | $862716.16    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Swedbank AB                                                               | SWEDBANK AB A SHARES                          | CUSIP: N/A<br>LEI: M312WZV08Y7LYUC71685       | Long             | EC               | CORP              | SE        |     36905 | NS      | $1258536.53   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| LOTTOMATICA GROUP S.P.A.                                                  | LOTTOMATICA GROUP SPA                         | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | EC               | CORP              | IT        |     33522 | NS      | $967812.86    | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| MSILF Government Portfolio                                                | MSILF GOVERNMENT-INST                         | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    622556 | NS      | $622556.25    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| SCREEN Holdings Co.,Ltd.                                                  | SCREEN HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |     19600 | NS      | $1167810.71   | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Sandoz Group AG                                                           | SANDOZ GROUP AG                               | CUSIP: N/A<br>LEI: 5493000JWK6XWFEUD320       | Long             | EC               | CORP              | CH        |     17349 | NS      | $1359649.60   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                                           | KONINKLIJKE AHOLD DELHAIZE NV                 | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     30135 | NS      | $1406541.08   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| SAP SE                                                                    | SAP SE                                        | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      4878 | NS      | $831502.51    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| JD Health International Inc                                               | JD HEALTH INTERNATIONAL INC                   | CUSIP: G5074A100<br>LEI: 254900OM3MAXYK8PCC84 | Long             | EC               | CORP              | KY        |     91650 | NS      | $559435.62    | 0.19%             |  |  |  | Yes           | 2                  | On Loan: No      |
| SINGAPORE TECHNOLOGIES ENGINEERING LTD                                    | SINGAPORE TECHNOLOGIES ENGINEERING LTD        | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |    179300 | NS      | $1522116.06   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                                        | AGRICULTURAL BANK OF CHINA LTD                | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |   1392000 | NS      | $995729.18    | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Kioxia Holdings Corporation                                               | KIOXIA HOLDINGS CORP                          | CUSIP: J3343A107<br>LEI: 35380080RTKRARNH4R73 | Long             | EC               | CORP              | JP        |      6800 | NS      | $888164.68    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| GILDAN ACTIVEWEAR INC.                                                    | GILDAN ACTIVEWEAR INC                         | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     12606 | NS      | $702125.83    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPGEMINI SE                                                              | CAPGEMINI SA                                  | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |     11120 | NS      | $1311966.73   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| Tencent Holdings Limited                                                  | TENCENT HOLDINGS LTD                          | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |     52100 | NS      | $3286152.62   | 1.14%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares Core MSCI EAFE ETF                                                | ISHARES CORE MSCI EAFE ETF                    | CUSIP: 46432F842<br>LEI: N/A                  | Long             |  | RF                | US        |     22146 | NS      | $2004877.38   | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| BOC HONG KONG (HOLDINGS) LIMITED                                          | BOC HONG KONG HOLDINGS LTD                    | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    271000 | NS      | $1495146.12   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| BANKINTER, S.A.                                                           | BANKINTER SA                                  | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |     86311 | NS      | $1366756.26   | 0.48%             |  |  |  | No            | 2                  | On Loan: —       |
| Zurich Insurance Group AG                                                 | ZURICH INSURANCE GROUP AG                     | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      2826 | NS      | $1997968.73   | 0.69%             |  |  |  | No            | 2                  | On Loan: No      |
| TOYOTA MOTOR CORPORATION                                                  | TOYOTA MOTOR CORP                             | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |    119900 | NS      | $2492636.85   | 0.87%             |  |  |  | No            | 2                  | On Loan: No      |
| Allianz SE                                                                | ALLIANZ SE                                    | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      2737 | NS      | $1155730.53   | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| On Holding AG                                                             | ON HOLDING AG                                 | CUSIP: H5919C104<br>LEI: 506700FB3467B9W95526 | Long             | EC               | CORP              | CH        |     20863 | NS      | $709759.26    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Alibaba Group Holding Limited                                             | ALIBABA GROUP HOLDING LTD                     | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |    194900 | NS      | $3055035.00   | 1.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Sumitomo Electric Industries, Ltd.                                        | SUMITOMO ELECTRIC INDUSTRIES LTD              | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |     45600 | NS      | $2591239.13   | 0.90%             |  |  |  | No            | 2                  | On Loan: No      |
| FINNING INTERNATIONAL INC.                                                | FINNING INTERNATIONAL INC                     | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |     22841 | NS      | $1413583.49   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| CELESTICA INC.                                                            | CELESTICA INC                                 | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      5913 | NS      | $1668257.57   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Repsol S.A.                                                               | REPSOL SA                                     | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     59148 | NS      | $1664702.41   | 0.58%             |  |  |  | No            | 2                  | On Loan: No      |
| KONAMI GROUP CORPORATION                                                  | KONAMI GROUP CORP                             | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |     11900 | NS      | $1466552.42   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| Coca-Cola HBC AG                                                          | COCA COLA HBC AG                              | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     29919 | NS      | $1685057.54   | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| BYD COMPANY LIMITED                                                       | BYD CO LTD                                    | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     75200 | NS      | $1028110.20   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Holcim AG                                                                 | HOLCIM LTD                                    | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |     19594 | NS      | $1620083.10   | 0.56%             |  |  |  | No            | 2                  | On Loan: No      |
| ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED                             | ADANI PORTS SPECIAL ECONOMIC ZONE LTD         | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | EC               | CORP              | IN        |     50591 | NS      | $707729.68    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| IBIDEN CO.,LTD.                                                           | IBIDEN CO LTD                                 | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |     33200 | NS      | $1661501.87   | 0.58%             |  |  |  | No            | 2                  | On Loan: No      |
| DRAX GROUP PLC                                                            | DRAX GROUP PLC                                | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |    119545 | NS      | $1412539.35   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| BNP PARIBAS SA                                                            | BNP PARIBAS                                   | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |     16010 | NS      | $1524966.25   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                     | SCHNEIDER ELECTRIC SA                         | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      8863 | NS      | $2413794.75   | 0.84%             |  |  |  | No            | 2                  | On Loan: No      |
| Prosus N.V.                                                               | PROSUS NV                                     | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     39184 | NS      | $1813801.32   | 0.63%             |  |  |  | No            | 2                  | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                                               | RELIANCE INDUSTRIES LTD                       | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    100429 | NS      | $1444440.98   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| CHARTER HALL GROUP                                                        | CHARTER HALL GROUP                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |     66936 | NS      | $872018.64    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| BANCA MEDIOLANUM SPA                                                      | BANCA MEDIOLANUM SPA                          | CUSIP: N/A<br>LEI: 7LVZJ6XRIE7VNZ4UBX81       | Long             | EC               | CORP              | IT        |     47046 | NS      | $953080.79    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Siemens Aktiengesellschaft                                                | SIEMENS AG                                    | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |      9147 | NS      | $2228222.48   | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                                                   | SBERBANK OF RUSSIA PJSC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    220230 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Gentera, S.A.B. de C.V.                                                   | GENTERA SAB DE CV                             | CUSIP: N/A<br>LEI: 4469000001ECOWXFNE33       | Long             | EC               | CORP              | MX        |    485291 | NS      | $1372192.80   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Victory Portfolios

**Signature:** Carol D. Trevino

**Name of Signer:** Carol D. Trevino

**Title:** Treasurer