# EDGAR Filing Document

**Accession Number:** 0000811161
**File Stem:** 0002066578-26-000150
**Filing Date:** 2026-2
**Character Count:** 222785
**Document Hash:** ae8cd0302914727e79a8d953f7491bb7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-000150.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0002066578-26-000150

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CLEARWATER INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000811161

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05038
- **FILM NUMBER:** 26665130

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 WELLS FARGO PLACE
- **STREET 2:** 30 EAST 7TH STREET
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55101-4930
- **BUSINESS PHONE:** 651-228-0935

**MAIL ADDRESS:**
- **STREET 1:** 2000 WELLS FARGO PLACE
- **STREET 2:** 30 EAST 7TH STREET
- **CITY:** ST PAUL
- **STATE:** MN
- **ZIP:** 55101

## Series and Classes Contracts Data

### CLEARWATER INTERNATIONAL FUND (Series ID: S000024756)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000073549 | CLEARWATER INTERNATIONAL FUND | QCVAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Clearwater Investment Trust

- **b. Investment Company Act file number:** 811-05038

- **c. CIK number of Registrant:** 0000811161

- **d. LEI of Registrant:** 549300DJTRHSZ8F9UE31

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

  - **Street Address 1:** 2000 Wells Fargo Place

  - **City:** St. Paul

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55101

  - **Telephone number:** 6512280935

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

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

- **b. EDGAR series identifier (if any):** S000024756

- **c. LEI of Series:** 549300VE6HGFSTKRGS60

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1178931550.98

**Total Liabilities:** $5096381.22

**Net Assets:** $1173835169.76

**Cash Not Reported:** $2120334.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073549 | -0.50%               | -1.38%               | 1.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13777765.37             | $-19943652.80                              |
| Month 2  | $6766202.17              | $-23638969.79                              |
| Month 3  | $4961600.14              | $14563877.08                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Associated British Foods PLC                                 | Associated British Foods PLC ORD 5 15/22P                                 | CUSIP: G05600138<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |    220031 | NS      | $6308486.71   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Rentokil Initial PLC                                         | Rentokil Initial PLC ORD GBP0.01                                          | CUSIP: G7494G105<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |    106915 | NS      | $644919.51    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Diageo PLC                                                   | Diageo PLC ORD GBP0.28 101/108                                            | CUSIP: G42089113<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    415327 | NS      | $8977035.85   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Relx PLC                                                     | Relx PLC ORD GBP0.1444                                                    | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    146401 | NS      | $5959705.73   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Pearson PLC                                                  | Pearson PLC ORD GBP0.25                                                   | CUSIP: G69651100<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |    379655 | NS      | $5373438.13   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Sensata Technologies Holding PLC                             | Sensata Technologies Holding PLC COM EUR0.01                              | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     90851 | NS      | $3024429.79   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Suncor Energy Inc.                                           | Suncor Energy Inc. COM NPV 'NEW'                                          | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    219463 | NS      | $9740764.24   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Compass Group PLC                                            | Compass Group PLC ORD GBP0.1105                                           | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    233530 | NS      | $7441559.89   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Gruma S.A.B.de C.V.                                          | Gruma S.A.B.de C.V. SER'B' NPV                                            | CUSIP: P4948K121<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |     80829 | NS      | $1392552.49   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Nokia Corp                                                   | Nokia Corp SPON ADR-REP 1 ORD NPV                                         | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    669028 | NS      | $4328611.16   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Arch Capital Group Ltd.                                      | Arch Capital Group Ltd. COM USD0.01                                       | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |    144539 | NS      | $13864180.88  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Akzo Nobel N.V.                                              | Akzo Nobel N.V. EUR0.50(POST REV SPLIT)                                   | CUSIP: N01803308<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |     18481 | NS      | $1285757.31   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Willis Towers Watson Public Limited Company                  | Willis Towers Watson Public Limited Company COM USD0.000304635            | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     23163 | NS      | $7611361.80   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresenius Medical Care AG                                    | Fresenius Medical Care AG NPV                                             | CUSIP: D2734Z107<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     53005 | NS      | $2539468.02   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Nokia Corp                                                   | Nokia Corp NPV                                                            | CUSIP: X61873133<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    414106 | NS      | $2682174.05   | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Koninklijke Philips NV                                       | Koninklijke Philips NV EUR0.20                                            | CUSIP: N7637U112<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    463952 | NS      | $12671295.09  | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Alstom SA                                                    | Alstom SA EUR7.00                                                         | CUSIP: F0259M475<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |     55179 | NS      | $1632183.08   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Alimentation Couche-Tard Inc.                                | Alimentation Couche-Tard Inc. COM                                         | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     91515 | NS      | $4997970.49   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Anhui Conch Cement Co Ltd.                                   | Anhui Conch Cement Co Ltd. 'H'CNY1                                        | CUSIP: Y01373102<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |    426262 | NS      | $1209331.59   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Olympus Corp.                                                | Olympus Corp. NPV                                                         | CUSIP: J61240107<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    318900 | NS      | $4062219.87   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Danone SA                                                    | Danone SA EUR0.25                                                         | CUSIP: F12033134<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |    171958 | NS      | $15516091.18  | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung Electronics Co Ltd.                                  | Samsung Electronics Co Ltd. KRW100                                        | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    250983 | NS      | $20918001.37  | 1.78%             |  |  |  | No            | 2                  | On Loan: No      |
| CNH Industrial N.V.                                          | CNH Industrial N.V. COM EUR0.01                                           | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    213379 | NS      | $1967354.38   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Sodexo S.A.                                                  | Sodexo S.A. EUR4                                                          | CUSIP: F84941123<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     55746 | NS      | $2862905.27   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Novartis AG                                                  | Novartis AG CHF0.49 (REGD)                                                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    104502 | NS      | $14435718.36  | 1.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Groupe Bruxelles Lambert SA                                  | Groupe Bruxelles Lambert SA NPV                                           | CUSIP: B4746J115<br>LEI: 549300KV0ZEHT2KVU152 | Long             | EC               | CORP              | BE        |     49752 | NS      | $4440686.89   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Brenntag SE                                                  | Brenntag SE NPV                                                           | CUSIP: D12459117<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |    178791 | NS      | $10413309.61  | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Garmin Ltd                                                   | Garmin Ltd COM CHF10.00                                                   | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     38135 | NS      | $7735684.75   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Alibaba Group Holding Ltd.                                   | Alibaba Group Holding Ltd. USD0.000003125                                 | CUSIP: G01719114<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    106899 | NS      | $1961424.34   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Music Group N.V                                    | Universal Music Group N.V EUR10.00                                        | CUSIP: N90313102<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    130884 | NS      | $3419305.08   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Icon PLC                                                     | Icon PLC ORD EUR0.06                                                      | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     43950 | NS      | $8008569.00   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Compagnie Financiere Richemont Sa                            | Compagnie Financiere Richemont Sa CHF1 (REGD)                             | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     39041 | NS      | $8425680.65   | 0.72%             |  |  |  | No            | 2                  | On Loan: No      |
| Axalta Coating Systems Limited                               | Axalta Coating Systems Limited COM USD1.00                                | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     37359 | NS      | $1207069.29   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung C&T Corporation                                      | Samsung C&T Corporation KRW100                                            | CUSIP: Y7T71K106<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |     11833 | NS      | $1949378.52   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Sodexo S.A.                                                  | Sodexo S.A. EUR4 (PRIME DE FIDELITE)(REGD)                                | CUSIP: F84941701<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     11869 | NS      | $609547.28    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryanair Holdings PLC                                         | Ryanair Holdings PLC ORD EUR0.006                                         | CUSIP: G7727C186<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    193962 | NS      | $6735750.14   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| DSM Firmenich AG                                             | DSM Firmenich AG EUR0.01                                                  | CUSIP: H0245V108<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |    116659 | NS      | $9426835.91   | 0.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Berkeley Group Holdings PLC                                  | Berkeley Group Holdings PLC ORD GBP0.05611047                             | CUSIP: G1191G153<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |     59692 | NS      | $3141230.24   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Tencent Holdings Ltd.                                        | Tencent Holdings Ltd. HKD0.00002                                          | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    102600 | NS      | $7896668.25   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Teva Pharmaceutical Industries Ltd.                          | Teva Pharmaceutical Industries Ltd. SPON ADS EACH REP 1 ORD SHS           | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     63421 | NS      | $1979369.41   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Safran SA                                                    | Safran SA EUR0.20                                                         | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     29587 | NS      | $10340790.17  | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| ASM International N.V.                                       | ASM International N.V. EUR0.04                                            | CUSIP: N07045201<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      8200 | NS      | $4987925.41   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Rheinmetall AG                                               | Rheinmetall AG NPV                                                        | CUSIP: D65111102<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      2355 | NS      | $4318368.78   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Ferrari N V                                                  | Ferrari N V COM EUR0.01                                                   | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |     11304 | NS      | $4208867.85   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Monday.Com Limited                                           | Monday.Com Limited SHS                                                    | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |     20542 | NS      | $3031177.52   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Heavy Industries Ltd.                             | Mitsubishi Heavy Industries Ltd. NPV                                      | CUSIP: J44002178<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |    398400 | NS      | $9757598.15   | 0.83%             |  |  |  | No            | 2                  | On Loan: No      |
| Nintendo Co Ltd.                                             | Nintendo Co Ltd. NPV                                                      | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     91500 | NS      | $6180765.32   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| Mercadolibre Inc                                             | Mercadolibre Inc COM USD0.001                                             | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2765 | NS      | $5569428.90   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                 | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10                        | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    390000 | NS      | $19239031.84  | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Boerse AG                                           | Deutsche Boerse AG NPV(REGD)                                              | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     16429 | NS      | $4315260.63   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Rushydro Public Joint Stock Co.                              | Rushydro Public Joint Stock Co. RUB1(RUB)                                 | CUSIP: X2393H107<br>LEI: 2534005TJN9DX4YWVT97 | Long             | EC               | CORP              | RU        |  25740000 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Philip Morris International Inc.                             | Philip Morris International Inc. COM NPV                                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     64516 | NS      | $10348366.40  | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding N.V.                                            | ASML Holding N.V. NY REGISTRY SHS                                         | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     10301 | NS      | $11020627.86  | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Seagate Technology Holdings PLC                              | Seagate Technology Holdings PLC ORD SHS                                   | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     28816 | NS      | $7935638.24   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Rolls-Royce Holdings PLC                                     | Rolls-Royce Holdings PLC ORD GBP0.20                                      | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |   1032326 | NS      | $16002525.79  | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| UBS Group AG                                                 | UBS Group AG USD0.10 (REGD)                                               | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    154467 | NS      | $7140555.78   | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| Shopify Inc                                                  | Shopify Inc COM NPV CL A                                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     36936 | NS      | $5945587.92   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding N.V.                                            | ASML Holding N.V. EUR0.09                                                 | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      2413 | NS      | $2612867.34   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Aisin Corp.                                                  | Aisin Corp. NPV                                                           | CUSIP: J00714105<br>LEI: 3538004IOK08PDY6I723 | Long             | EC               | CORP              | JP        |      6900 | NS      | $129042.28    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| USS Co Ltd.                                                  | USS Co Ltd. NPV                                                           | CUSIP: J9446Z105<br>LEI: 5299000RRQD6UZXG4W72 | Long             | EC               | CORP              | JP        |      1600 | NS      | $17552.60     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokio Marine Holdings Inc.                                   | Tokio Marine Holdings Inc. NPV                                            | CUSIP: J86298106<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     18400 | NS      | $683115.80    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Mizrahi Tefahot Bank Limited                                 | Mizrahi Tefahot Bank Limited ILS0.01                                      | CUSIP: M7031A135<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |     21424 | NS      | $1496191.80   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Inpex Corp.                                                  | Inpex Corp. NPV                                                           | CUSIP: J2467E101<br>LEI: 353800VHYYADPR6MXQ47 | Long             | EC               | CORP              | JP        |     12400 | NS      | $245389.48    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Chugai Pharmaceutical Co Ltd.                                | Chugai Pharmaceutical Co Ltd. NPV                                         | CUSIP: J06930101<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     13500 | NS      | $709668.23    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Commonwealth Bank of Australia                               | Commonwealth Bank of Australia ORD NPV                                    | CUSIP: Q26915100<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     11157 | NS      | $1195543.90   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| DSV AS                                                       | DSV AS DKK1                                                               | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |      2447 | NS      | $615778.14    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Novonesis (Novozymes) B                                      | Novonesis (Novozymes) B SER'B'DKK2                                        | CUSIP: K7317J133<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |      2460 | NS      | $157538.07    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Renault S.A.                                                 | Renault S.A. EUR3.81                                                      | CUSIP: F77098105<br>LEI: 969500F7JLTX36OUI695 | Long             | EC               | CORP              | FR        |      8279 | NS      | $344618.25    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Schneider Electric SE                                        | Schneider Electric SE EUR4.00                                             | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      5479 | NS      | $1512502.66   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                                             | TotalEnergies SE EUR2.5                                                   | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      1697 | NS      | $110863.95    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Prosus NV                                                    | Prosus NV EUR0.05 (N SHARES)                                              | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |      2587 | NS      | $160676.83    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Thungela Resources Limited                                   | Thungela Resources Limited NPV                                            | CUSIP: S84485101<br>LEI: 213800EGYK3BN3SRIF27 | Long             | EC               | CORP              | ZA        |      5284 | NS      | $30270.92     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrovial SE                                                 | Ferrovial SE EUR0.01                                                      | CUSIP: N3168P101<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |        39 | NS      | $2536.39      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Restaurant Brands International Inc                          | Restaurant Brands International Inc COM NPV                               | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      1306 | NS      | $89108.38     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| South32 Ltd.                                                 | South32 Ltd. NPV                                                          | CUSIP: Q86668102<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |     57859 | NS      | $137459.45    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| DnB Bank ASA                                                 | DnB Bank ASA NOK12.50                                                     | CUSIP: R1R15X100<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |      9200 | NS      | $256208.81    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Shell PLC                                                    | Shell PLC SPON ADS                                                        | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      7350 | NS      | $540078.00    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| SGS SA                                                       | SGS SA CHF0.04 (REGD)                                                     | CUSIP: H63838116<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |       367 | NS      | $42074.50     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Helvetia Baloise Holding AG                                  | Helvetia Baloise Holding AG CHF0.02 (REGD) POST SUBD                      | CUSIP: H3701P102<br>LEI: 529900SUJBXTORH0LT80 | Long             | EC               | CORP              | CH        |       331 | NS      | $87261.55     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Hexagon AB                                                   | Hexagon AB SER'B'NPV                                                      | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |     23582 | NS      | $278929.25    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Atlas Copco AB                                               | Atlas Copco AB SER'B'NPV                                                  | CUSIP: W1R924229<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     15920 | NS      | $255315.58    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Banca Monte dei Paschi di Siena S.p.A.                       | Banca Monte dei Paschi di Siena S.p.A. NPV (POST SPLT)                    | CUSIP: T1188K429<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |     65944 | NS      | $702016.77    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Lumine Group Inc                                             | Lumine Group Inc SUB VTG SHS                                              | CUSIP: 55027C106<br>LEI: 984500E3C44B9D44M738 | Long             | EC               | CORP              | CA        |       921 | NS      | $18211.31     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| M&G PLC                                                      | M&G PLC ORD GBP0.05                                                       | CUSIP: G6107R102<br>LEI: 254900TWUJUQ44TQJY84 | Long             | EC               | CORP              | GB        |      9085 | NS      | $35072.91     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| JDE Peets N.V                                                | JDE Peets N.V EUR0.01                                                     | CUSIP: N44664105<br>LEI: 724500EHG519SE5ZRT89 | Long             | EC               | CORP              | NL        |      2991 | NS      | $111988.65    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Inpost S.A                                                   | Inpost S.A EUR0.01                                                        | CUSIP: L5125Z108<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |      6667 | NS      | $82033.07     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Epiroc AB                                                    | Epiroc AB SER'A'NPV                                                       | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |      9183 | NS      | $207782.89    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Link Real Estate Investment Trust                            | Link Real Estate Investment Trust UNITS                                   | CUSIP: Y5281M111<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               | CORP              | HK        |     40500 | NS      | $180781.73    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Investor AB                                                  | Investor AB SER'B'NPV                                                     | CUSIP: W5R777115<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |     42618 | NS      | $1520882.74   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Shell PLC                                                    | Shell PLC ORD EUR0.07                                                     | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     19012 | NS      | $702186.05    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Svenska Handelsbanken AB                                     | Svenska Handelsbanken AB SER'A'NPV                                        | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |     11299 | NS      | $164778.57    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Epiroc AB                                                    | Epiroc AB SER'B'NPV                                                       | CUSIP: W25918157<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |      4000 | NS      | $80716.45     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Universal Music Group N.V                                    | Universal Music Group N.V EUR10.00                                        | CUSIP: N90313102<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |      9292 | NS      | $242750.70    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Iveco Group NV                                               | Iveco Group NV EUR0.01                                                    | CUSIP: N47017103<br>LEI: 549300ZWF2ZJDD9EOR96 | Long             | EC               | CORP              | NL        |      2133 | NS      | $47050.62     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Atlas Copco AB                                               | Atlas Copco AB SER'A'NPV                                                  | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     36800 | NS      | $659299.99    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| UBS Group AG                                                 | UBS Group AG USD0.10 (REGD)                                               | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |      5230 | NS      | $241767.54    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| FirstService Corp.                                           | FirstService Corp. COM NPV                                                | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |       795 | NS      | $123633.20    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  10290934 | NS      | $10290934.08  | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| RB Global Inc                                                | RB Global Inc COM                                                         | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |      1781 | NS      | $183361.71    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Novo Nordisk A/S                                             | Novo Nordisk A/S SER'B'DKK0.1                                             | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      3894 | NS      | $198488.07    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Informa PLC                                                  | Informa PLC ORD GBP0.001                                                  | CUSIP: G4770L106<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |     25000 | NS      | $297896.98    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke Ahold Delhaize NV                                | Koninklijke Ahold Delhaize NV EUR0.01                                     | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     17656 | NS      | $723529.26    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Baltic Classifieds Group PLC                                 | Baltic Classifieds Group PLC ORD GBP0.01                                  | CUSIP: G07167102<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | GB        |   1108109 | NS      | $3032161.65   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| CNH Industrial N.V.                                          | CNH Industrial N.V. COM EUR0.01                                           | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     10667 | NS      | $98699.36     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Compass Group PLC                                            | Compass Group PLC ORD GBP0.1105                                           | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     29675 | NS      | $945609.94    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashtead Technology Holdings PLC                              | Ashtead Technology Holdings PLC ORD GBP0.05                               | CUSIP: G0609Y103<br>LEI: 213800LHEWVY66RPGR58 | Long             | EC               | CORP              | GB        |    277964 | NS      | $1161513.00   | 0.10%             |  |  |  | No            | 1                  | On Loan: —       |
| Shopify Inc                                                  | Shopify Inc COM NPV CL A                                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      6094 | NS      | $981220.36    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Assa Abloy AB                                                | Assa Abloy AB SER'B'NPV                                                   | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     19371 | NS      | $751003.30    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Nordea Bank ABP                                              | Nordea Bank ABP NPV                                                       | CUSIP: X5S8VL105<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |     14218 | NS      | $268419.64    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Akzo Nobel N.V.                                              | Akzo Nobel N.V. EUR0.50(POST REV SPLIT)                                   | CUSIP: N01803308<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |       459 | NS      | $31933.48     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| TC Energy Corp                                               | TC Energy Corp COM NPV                                                    | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     11656 | NS      | $641196.56    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Compagnie Generale des Etablissements Michelin               | Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION) | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |      8124 | NS      | $270284.79    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Volkswagen AG                                                | Volkswagen AG NON VTG PRF NPV                                             | CUSIP: D94523103<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |      2308 | PA      | $280707.23    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Bayerische Motoren Werke AG                                  | Bayerische Motoren Werke AG NON VTG PREF EUR1                             | CUSIP: D12096125<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EP               | CORP              | DE        |      1521 | PA      | $163468.66    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| NatWest Group PLC                                            | NatWest Group PLC ORD GBP1.0769                                           | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |         1 | NS      | $8.79         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Alimentation Couche-Tard Inc.                                | Alimentation Couche-Tard Inc. COM                                         | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     15776 | NS      | $861585.34    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| FUJIFILM Holdings Corp.                                      | FUJIFILM Holdings Corp. NPV                                               | CUSIP: J14208102<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |     26100 | NS      | $557656.82    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| HOYA Corp.                                                   | HOYA Corp. NPV                                                            | CUSIP: J22848105<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      5300 | NS      | $802786.14    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Galaxy Entertainment Group Ltd.                              | Galaxy Entertainment Group Ltd. NPV                                       | CUSIP: Y2679D118<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |     18000 | NS      | $88627.34     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Keisei Electric Railway Co Ltd.                              | Keisei Electric Railway Co Ltd. NPV                                       | CUSIP: J32233108<br>LEI: 529900VNP95IIHXPCY17 | Long             | EC               | CORP              | JP        |      7200 | NS      | $59185.18     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Keyence Corp.                                                | Keyence Corp. NPV                                                         | CUSIP: J32491102<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      3624 | NS      | $1312992.43   | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Yokohama Financial Group Inc.                                | Yokohama Financial Group Inc. NPV                                         | CUSIP: J08613101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     50900 | NS      | $419527.03    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Essity AB                                                    | Essity AB SER'B'NPV                                                       | CUSIP: W3R06F100<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |      8600 | NS      | $247746.42    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Keppel Ltd.                                                  | Keppel Ltd. NPV                                                           | CUSIP: Y4722Z120<br>LEI: 254900SQ7IPDOY6IDW33 | Long             | EC               | CORP              | SG        |     39200 | NS      | $315637.16    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Industrivarden AB (publ)                                     | Industrivarden AB (publ) SER'C'NPV                                        | CUSIP: W45430126<br>LEI: 549300TM1DLIQI3B3T37 | Long             | EC               | CORP              | SE        |      8270 | NS      | $370895.14    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Volvo AB                                                     | Volvo AB SER'B'NPV                                                        | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     15300 | NS      | $490424.83    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsui O.S.K. Lines Ltd.                                     | Mitsui O.S.K. Lines Ltd. NPV                                              | CUSIP: J45013133<br>LEI: 353800P8O843TMAZ6S09 | Long             | EC               | CORP              | JP        |      4000 | NS      | $120090.81    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Denso Corp.                                                  | Denso Corp. NPV                                                           | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     25200 | NS      | $347618.69    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| NEC Corp.                                                    | NEC Corp. NPV                                                             | CUSIP: J48818207<br>LEI: 5493000QYMPFRTEY4K28 | Long             | EC               | CORP              | JP        |     21500 | NS      | $724960.14    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Nitto Denko Corp.                                            | Nitto Denko Corp. NPV                                                     | CUSIP: J58472119<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     16000 | NS      | $380175.41    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Sandvik AB                                                   | Sandvik AB NPV                                                            | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |      1190 | NS      | $38544.33     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Olympus Corp.                                                | Olympus Corp. NPV                                                         | CUSIP: J61240107<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |     13500 | NS      | $171966.04    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Air Liquide S.A.(L')                                         | Air Liquide S.A.(L') EUR5.50                                              | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |       194 | NS      | $36537.49     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| SMC Corp.                                                    | SMC Corp. NPV                                                             | CUSIP: J75734103<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |       400 | NS      | $139278.53    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Softbank Group Corp.                                         | Softbank Group Corp. NPV                                                  | CUSIP: J7596P109<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     79200 | NS      | $2232828.20   | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Goodman Group                                                | Goodman Group NPV (STAPLED UNITS)                                         | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     19923 | NS      | $411898.14    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Sekisui Chemical Co Ltd.                                     | Sekisui Chemical Co Ltd. NPV                                              | CUSIP: J70703137<br>LEI: 529900KQIVT7NWFNMI70 | Long             | EC               | CORP              | JP        |     12700 | NS      | $213066.15    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Shimadzu Corporation                                         | Shimadzu Corporation NPV                                                  | CUSIP: J72165129<br>LEI: 353800Y64Z08WEH8PH97 | Long             | EC               | CORP              | JP        |      4000 | NS      | $106527.95    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Shin-Etsu Chemical Co Ltd.                                   | Shin-Etsu Chemical Co Ltd. NPV                                            | CUSIP: J72810120<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     26500 | NS      | $824099.71    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Shionogi & Co Ltd.                                           | Shionogi & Co Ltd. NPV                                                    | CUSIP: J74229105<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     12000 | NS      | $217129.95    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Shimano Inc.                                                 | Shimano Inc. NPV                                                          | CUSIP: J72262108<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |      1500 | NS      | $158369.13    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Sonic Healthcare Ltd.                                        | Sonic Healthcare Ltd. NPV                                                 | CUSIP: Q8563C107<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |      5811 | NS      | $87680.93     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Stockland Corp Ltd.                                          | Stockland Corp Ltd. NPV (STAPLED)                                         | CUSIP: Q8773B105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     82719 | NS      | $316310.48    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| TDK Corp.                                                    | TDK Corp. NPV                                                             | CUSIP: J82141136<br>LEI: 3538005O8WNU39U8NX03 | Long             | EC               | CORP              | JP        |     16500 | NS      | $233452.49    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Taisei Corp.                                                 | Taisei Corp. NPV                                                          | CUSIP: J79561148<br>LEI: 529900TF7XJKIOWMLQ79 | Long             | EC               | CORP              | JP        |      2200 | NS      | $208559.26    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| CK Asset Holdings Ltd.                                       | CK Asset Holdings Ltd. HKD1                                               | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |     44544 | NS      | $225046.59    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Wharf Real Estate Investment Co Ltd.                         | Wharf Real Estate Investment Co Ltd. HKD0.1                               | CUSIP: G9593A104<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | HK        |     27000 | NS      | $85273.75     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Terumo Corp.                                                 | Terumo Corp. NPV                                                          | CUSIP: J83173104<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     20800 | NS      | $303042.08    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Toyota Tsusho Corp.                                          | Toyota Tsusho Corp. NPV                                                   | CUSIP: J92719111<br>LEI: 549300CEE2ENIUJNXB84 | Long             | EC               | CORP              | JP        |      5100 | NS      | $171988.30    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Unicharm Corp.                                               | Unicharm Corp. NPV                                                        | CUSIP: J94104114<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |     13500 | NS      | $77376.44     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| United Overseas Bank Ltd.                                    | United Overseas Bank Ltd. NPV                                             | CUSIP: Y9T10P105<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |      4600 | NS      | $125467.56    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Wesfarmers Ltd.                                              | Wesfarmers Ltd. ORD NPV                                                   | CUSIP: Q95870103<br>LEI: 5493003L32ZX9557ST85 | Long             | EC               | CORP              | AU        |      2900 | NS      | $156934.70    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Yamaha Motor Co Ltd.                                         | Yamaha Motor Co Ltd. NPV                                                  | CUSIP: J95776126<br>LEI: 3538004LR5NXILJDHY88 | Long             | EC               | CORP              | JP        |     13800 | NS      | $101924.78    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| SEGRO PLC                                                    | SEGRO PLC ORD GBP0.10                                                     | CUSIP: G80277141<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |     16135 | NS      | $156681.06    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Pandora A/S                                                  | Pandora A/S DKK1                                                          | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |      2802 | NS      | $309921.75    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| The Sage Group PLC                                           | The Sage Group PLC GBP0.01051948                                          | CUSIP: G7771K142<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |     24928 | NS      | $363906.42    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Exor Nv                                                      | Exor Nv EUR0.01                                                           | CUSIP: N3140A107<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |      3610 | NS      | $307367.13    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Novartis AG                                                  | Novartis AG CHF0.49 (REGD)                                                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      7775 | NS      | $1074024.52   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| ABB Ltd.                                                     | ABB Ltd. CHF0.12 (REGD)                                                   | CUSIP: H0010V101<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |       456 | NS      | $33708.12     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| The Swatch Group AG                                          | The Swatch Group AG CHF2.25(BR)                                           | CUSIP: H83949141<br>LEI: 529900NTES2LEON1JZ55 | Long             | EC               | CORP              | CH        |       810 | NS      | $171909.85    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Credit Agricole S.A.                                         | Credit Agricole S.A. EUR3                                                 | CUSIP: F22797108<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     30927 | NS      | $637862.02    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Lonza Group AG                                               | Lonza Group AG CHF1 (REGD)                                                | CUSIP: H50524133<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       897 | NS      | $606871.88    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Compagnie de Saint-Gobain SA                                 | Compagnie de Saint-Gobain SA EUR4                                         | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |      7987 | NS      | $816234.68    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| EssilorLuxottica SA                                          | EssilorLuxottica SA EUR0.18                                               | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      2068 | NS      | $655941.71    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Caixabank S.A.                                               | Caixabank S.A. EUR1                                                       | CUSIP: E2427M123<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |     60498 | NS      | $742610.85    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| EssilorLuxottica SA                                          | EssilorLuxottica SA EUR0.18                                               | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |       591 | NS      | $188289.12    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    585278 | NS      | $585277.76    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Keppel REIT Ltd.                                             | Keppel REIT Ltd. NPV                                                      | CUSIP: 000000000<br>LEI: 549300ZD5HZLQCF55J25 | Long             | EC               | CORP              | SG        |      3100 | NS      | $36.18        | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| SAP SE                                                       | SAP SE ORD NPV                                                            | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     37178 | NS      | $9096652.31   | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| Coupang Inc.                                                 | Coupang Inc. CL A                                                         | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    259167 | NS      | $6113749.53   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Sea Ltd.                                                     | Sea Ltd. ADS EACH REP ONE CL A SHS                                        | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     88295 | NS      | $11263793.15  | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Federal Bank Ltd.                                            | Federal Bank Ltd. INR2                                                    | CUSIP: Y24781182<br>LEI: 335800J8VWGE2HGWF417 | Long             | EC               | CORP              | IN        |    715237 | NS      | $2125512.66   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Industria De Diseno Textil SA                                | Industria De Diseno Textil SA EUR0.03 (POST SUBD)                         | CUSIP: E6282J125<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     12493 | NS      | $827171.21    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Banca Mediolanum SpA                                         | Banca Mediolanum SpA NPV                                                  | CUSIP: T1R88K108<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |     22976 | NS      | $523169.60    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Demant A/S                                                   | Demant A/S DKK0.20                                                        | CUSIP: K3008M105<br>LEI: 213800RM6L9LN78BVA56 | Long             | EC               | CORP              | DK        |      3896 | NS      | $131514.53    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Coca-Cola Europacific Partners PLC                           | Coca-Cola Europacific Partners PLC COM EUR0.01                            | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |      2405 | NS      | $218133.50    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Cartrade Tech Ltd                                            | Cartrade Tech Ltd INR10                                                   | CUSIP: Y6191F105<br>LEI: 984500F5CDO5D86C1326 | Long             | EC               | CORP              | IN        |     40427 | NS      | $1271201.05   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Schneider Electric SE                                        | Schneider Electric SE EUR4.00                                             | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |       278 | NS      | $76620.64     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Cosmo Pharmaceuticals N.V.                                   | Cosmo Pharmaceuticals N.V. EUR0.26 (REGD)                                 | CUSIP: N22785104<br>LEI: 724500OX0EBQRYTVV639 | Long             | EC               | CORP              | NL        |     14222 | NS      | $1877610.49   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Capgemini SE                                                 | Capgemini SE EUR8                                                         | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     11993 | NS      | $2004896.41   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                          | LVMH Moet Hennessy Louis Vuitton SE EUR0.30                               | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      5138 | NS      | $3894624.98   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Safran SA                                                    | Safran SA EUR0.20                                                         | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     24192 | NS      | $8455213.30   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Barry Callebaut AG                                           | Barry Callebaut AG CHF0.02 (REGD)                                         | CUSIP: H05072105<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |      4279 | NS      | $7032334.78   | 0.60%             |  |  |  | No            | 2                  | On Loan: —       |
| Samsung Electronics Co Ltd.                                  | Samsung Electronics Co Ltd. N/VTG PFD KRW100                              | CUSIP: Y74718118<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |     86198 | PA      | $5289838.57   | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  42102452 | NS      | $42102452.18  | 3.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Pluxee NV                                                    | Pluxee NV EUR0.01                                                         | CUSIP: N8000Y103<br>LEI: 213800RQNIQT48SEEO85 | Long             | EC               | CORP              | NL        |    104447 | NS      | $1646025.57   | 0.14%             |  |  |  | No            | 1                  | On Loan: —       |
| UniCredit S.p.A.                                             | UniCredit S.p.A. NPV                                                      | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     47766 | NS      | $3965329.34   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| Yonex Co Ltd                                                 | Yonex Co Ltd NPV                                                          | CUSIP: J9776D104<br>LEI: 353800AI38G8HRG7UJ91 | Long             | EC               | CORP              | JP        |    110000 | NS      | $2332864.21   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Redeia Corporacion S.A.                                      | Redeia Corporacion S.A. EUR0.5                                            | CUSIP: E42807110<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |      3164 | NS      | $56407.11     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Sika AG                                                      | Sika AG CHF0.01 (REG)                                                     | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      3304 | NS      | $677173.46    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Macquarie Group Ltd.                                         | Macquarie Group Ltd. NPV                                                  | CUSIP: Q57085286<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |      7819 | NS      | $1060299.61   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Getlink SE                                                   | Getlink SE EUR0.40                                                        | CUSIP: F4R053105<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | EC               | CORP              | FR        |      6524 | NS      | $120602.00    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Dollarama Inc                                                | Dollarama Inc COM NPV                                                     | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      7013 | NS      | $1048156.22   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Recruit Holdings Co Ltd.                                     | Recruit Holdings Co Ltd. NPV                                              | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      5400 | NS      | $308054.09    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| International Petroleum Corp                                 | International Petroleum Corp COM NPV                                      | CUSIP: 46016U108<br>LEI: 54930025D80LU0SMR645 | Long             | EC               | CORP              | CA        |      1100 | NS      | $20207.83     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Definity Financial Corporation                               | Definity Financial Corporation COM                                        | CUSIP: 24477T100<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |     63985 | NS      | $3539675.09   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Norsk Hydro ASA                                              | Norsk Hydro ASA NOK1.098                                                  | CUSIP: R61115102<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     23955 | NS      | $185091.68    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Constellation Software Inc.                                  | Constellation Software Inc. COM STK NPV                                   | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       307 | NS      | $738428.33    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Wolters Kluwer NV                                            | Wolters Kluwer NV EUR0.12                                                 | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      6594 | NS      | $684570.48    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Galp Energia SGPS SA                                         | Galp Energia SGPS SA EUR1                                                 | CUSIP: X3078L108<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     14452 | NS      | $248475.81    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| United Utilities Group PLC                                   | United Utilities Group PLC ORD GBP0.05                                    | CUSIP: G92755100<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |      8137 | NS      | $130961.15    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Rolls-Royce Holdings PLC                                     | Rolls-Royce Holdings PLC ORD GBP0.20                                      | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    120868 | NS      | $1873626.44   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Nebius Group N.V.                                            | Nebius Group N.V. COM USD0.01 CL 'A'                                      | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |      1212 | NS      | $101450.46    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Ageas SA/NV                                                  | Ageas SA/NV NPV                                                           | CUSIP: B0148L138<br>LEI: 5493005DJBML6LY3RV36 | Long             | EC               | CORP              | BE        |      7120 | NS      | $500372.01    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Japan Airlines Co Ltd.                                       | Japan Airlines Co Ltd. NPV                                                | CUSIP: J25979121<br>LEI: 3538002MH5L1QZZ93477 | Long             | EC               | CORP              | JP        |     23300 | NS      | $433702.20    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Ajinomoto Co Inc.                                            | Ajinomoto Co Inc. NPV                                                     | CUSIP: J00882126<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     30000 | NS      | $634524.27    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| DBS Group Holdings Ltd.                                      | DBS Group Holdings Ltd. NPV                                               | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     31020 | NS      | $1360111.41   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Transurban Group                                             | Transurban Group STAPLED UNITS NPV                                        | CUSIP: Q9194A106<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |     13099 | NS      | $124218.39    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| HCL Technologies Ltd.                                        | HCL Technologies Ltd. INR2                                                | CUSIP: Y3121G147<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |    432093 | NS      | $7803974.74   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                          | Mitsubishi UFJ Financial Group Inc. NPV                                   | CUSIP: J44497105<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     30500 | NS      | $484349.20    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Nomura Research Institute Ltd                                | Nomura Research Institute Ltd NPV                                         | CUSIP: J5900F106<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |      9801 | NS      | $377306.08    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Resona Holdings Inc.                                         | Resona Holdings Inc. NPV                                                  | CUSIP: J6448E106<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |     45300 | NS      | $429521.16    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Asahi Group Holdings Ltd                                     | Asahi Group Holdings Ltd NPV                                              | CUSIP: J02100113<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |      9000 | NS      | $94146.29     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| BOC Hong Kong (Holdings) Ltd.                                | BOC Hong Kong (Holdings) Ltd. NPV                                         | CUSIP: Y0920U103<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |     46000 | NS      | $232993.69    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                         | Sumitomo Mitsui Financial Group Inc. NPV                                  | CUSIP: J7771X109<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |      1100 | NS      | $35401.70     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| ANZ Group Holdings Ltd.                                      | ANZ Group Holdings Ltd. NPV                                               | CUSIP: Q0429F119<br>LEI: 9845005D9C6BAA10BK72 | Long             | EC               | CORP              | AU        |     10590 | NS      | $256823.39    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank Hapoalim BM                                             | Bank Hapoalim BM ILS1                                                     | CUSIP: M1586M115<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     33212 | NS      | $751416.87    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| SBI Holdings Inc                                             | SBI Holdings Inc NPV                                                      | CUSIP: J6991H100<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |     27240 | NS      | $587875.14    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Fortescue Ltd.                                               | Fortescue Ltd. NPV                                                        | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     93264 | NS      | $1369896.53   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Seek Ltd.                                                    | Seek Ltd. NPV                                                             | CUSIP: Q8382E102<br>LEI: 549300209NEKXBC8QO27 | Long             | EC               | CORP              | AU        |      5884 | NS      | $90785.02     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Daiichi Sankyo Co Ltd.                                       | Daiichi Sankyo Co Ltd. NPV                                                | CUSIP: J11257102<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |     29100 | NS      | $619761.70    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Compagnie Financiere Richemont Sa                            | Compagnie Financiere Richemont Sa CHF1 (REGD)                             | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |       630 | NS      | $135964.21    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Valmet Oyj                                                   | Valmet Oyj NPV                                                            | CUSIP: X96478114<br>LEI: 213800D9O7FUQDH83V62 | Long             | EC               | CORP              | FI        |      1849 | NS      | $61220.03     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Bandai Namco Holdings Inc.                                   | Bandai Namco Holdings Inc. NPV                                            | CUSIP: Y0606D102<br>LEI: 3538008EFEM34VRJDQ95 | Long             | EC               | CORP              | JP        |      4500 | NS      | $119939.78    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Bridgestone Corp.                                            | Bridgestone Corp. NPV                                                     | CUSIP: J04578126<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |     27600 | NS      | $620832.46    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| BHP Group Ltd.                                               | BHP Group Ltd. NPV                                                        | CUSIP: Q1498M100<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |      9073 | NS      | $275435.89    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Keppel REIT Ltd.                                             | Keppel REIT Ltd. NPV (REIT)                                               | CUSIP: Y4740G104<br>LEI: 549300ZD5HZLQCF55J25 | Long             | EC               | CORP              | SG        |     13480 | NS      | $10224.83     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Brambles Ltd.                                                | Brambles Ltd. NPV                                                         | CUSIP: Q6634U106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     17400 | NS      | $266609.01    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| CSL Ltd.                                                     | CSL Ltd. ORD NPV                                                          | CUSIP: Q3018U109<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |      9576 | NS      | $1103327.41   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Chubu Electric Power Co Inc.                                 | Chubu Electric Power Co Inc. NPV                                          | CUSIP: J06510101<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |     38300 | NS      | $589569.86    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| City Developments Ltd.                                       | City Developments Ltd. NPV                                                | CUSIP: V23130111<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |      5000 | NS      | $31118.72     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Cochlear Ltd                                                 | Cochlear Ltd ORD NPV                                                      | CUSIP: Q25953102<br>LEI: 5493001OLLWY8KV5UC08 | Long             | EC               | CORP              | AU        |       971 | NS      | $168906.87    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| RIO Tinto Limited                                            | RIO Tinto Limited NPV                                                     | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     14595 | NS      | $1430022.94   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| KDDI Corp                                                    | KDDI Corp NPV                                                             | CUSIP: J31843105<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |     59524 | NS      | $1029667.88   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Daiwa House Industry Co Ltd.                                 | Daiwa House Industry Co Ltd. NPV                                          | CUSIP: J11508124<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |      6000 | NS      | $199257.55    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsubishi HC Capital Inc.                                   | Mitsubishi HC Capital Inc. NPV                                            | CUSIP: J4706D100<br>LEI: 353800MZ3QX9RLMH7B09 | Long             | EC               | CORP              | JP        |     12900 | NS      | $107975.10    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Fast Retailing Co Ltd.                                       | Fast Retailing Co Ltd. NPV                                                | CUSIP: J1346E100<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |      3300 | NS      | $1196752.45   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Subaru Corp.                                                 | Subaru Corp. NPV                                                          | CUSIP: J7676H100<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |      5700 | NS      | $122419.11    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Fujitsu Ltd.                                                 | Fujitsu Ltd. NPV                                                          | CUSIP: J15708159<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |     18000 | NS      | $493516.78    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Shopify Inc                                                  | Shopify Inc COM NPV CL A                                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |       795 | NS      | $127971.15    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Scout24 SE                                                   | Scout24 SE NPV                                                            | CUSIP: D345XT105<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     37393 | NS      | $3769052.48   | 0.32%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Associated British Foods PLC                                 | Associated British Foods PLC ORD 5 15/22P                                 | CUSIP: G05600138<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |      2735 | NS      | $78414.91     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Standard Chartered PLC                                       | Standard Chartered PLC ORD USD0.50                                        | CUSIP: G84228157<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    108800 | NS      | $2672090.10   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashtead Group PLC                                            | Ashtead Group PLC ORD GBP0.10                                             | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |      6043 | NS      | $414288.41    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Kingfisher PLC                                               | Kingfisher PLC ORD GBP0.157142857                                         | CUSIP: G5256E441<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |     21288 | NS      | $89729.78     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Sainsbury (J) PLC                                            | Sainsbury (J) PLC ORD GBP0.28571428                                       | CUSIP: G77732173<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |    216546 | NS      | $948652.94    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Admiral Group PLC                                            | Admiral Group PLC ORD GBP0.001                                            | CUSIP: G0110T106<br>LEI: 213800FGVM7Z9EJB2685 | Long             | EC               | CORP              | GB        |      2834 | NS      | $121326.08    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Bunzl PLC                                                    | Bunzl PLC ORD GBP0.32142857                                               | CUSIP: G16968110<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |      5069 | NS      | $141848.08    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| London Stock Exchange Group PLC                              | London Stock Exchange Group PLC ORD GBP0.06918604                         | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      6030 | NS      | $727631.04    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Severn Trent PLC                                             | Severn Trent PLC ORD GBP0.9789                                            | CUSIP: G8056D159<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |      4954 | NS      | $186242.31    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| 3i Group PLC                                                 | 3i Group PLC ORD GBP0.738636                                              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     27355 | NS      | $1203171.74   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Nestle SA                                                    | Nestle SA CHF0.10 (REGD)                                                  | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     30131 | NS      | $2994823.13   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| AstraZeneca PLC                                              | AstraZeneca PLC SPON ADR EACH REP 0.50 ORD                                | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     25964 | NS      | $2386870.52   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Amadeus IT Group SA                                          | Amadeus IT Group SA EUR0.01                                               | CUSIP: E04648114<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |      5299 | NS      | $391328.90    | 0.03%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Pembina Pipeline Corporation                                 | Pembina Pipeline Corporation COM NPV                                      | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     17760 | NS      | $675945.60    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Burberry Group PLC                                           | Burberry Group PLC ORD GBP0.0005                                          | CUSIP: G1700D105<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |      8193 | NS      | $140145.26    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Kinross Gold Corp.                                           | Kinross Gold Corp. COM NPV                                                | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     34300 | NS      | $965888.00    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| AIA Group Ltd, Hong Kong                                     | AIA Group Ltd, Hong Kong NPV                                              | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    124400 | NS      | $1277135.18   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Whitecap Resources Inc                                       | Whitecap Resources Inc COM NPV                                            | CUSIP: 96467A200<br>LEI: 5493004AMPGZA0JO5Q37 | Long             | EC               | CORP              | CA        |     70875 | NS      | $593830.83    | 0.05%             |  |  |  | No            | 1                  | On Loan: —       |
| Kesko Oyj                                                    | Kesko Oyj SER'B'EUR2                                                      | CUSIP: X44874109<br>LEI: 743700OX6HSVMCAHPB95 | Long             | EC               | CORP              | FI        |      5584 | NS      | $126317.91    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| KBC Group NV                                                 | KBC Group NV NPV                                                          | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      3413 | NS      | $446219.08    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Thales SA                                                    | Thales SA EUR3                                                            | CUSIP: F9156M108<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |      1413 | NS      | $381596.18    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Capgemini SE                                                 | Capgemini SE EUR8                                                         | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      3062 | NS      | $511881.33    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Merck KGaA                                                   | Merck KGaA NPV                                                            | CUSIP: D5357W103<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |      2050 | NS      | $294259.28    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| SAP SE                                                       | SAP SE ORD NPV                                                            | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      3952 | NS      | $966968.91    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Airbus SE                                                    | Airbus SE EUR1                                                            | CUSIP: N0280G100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      6167 | NS      | $1437895.90   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                          | LVMH Moet Hennessy Louis Vuitton SE EUR0.30                               | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      3788 | NS      | $2871319.46   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| L'Oreal S.A.                                                 | L'Oreal S.A. EUR0.20                                                      | CUSIP: F58149133<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      3768 | NS      | $1623361.29   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Safran SA                                                    | Safran SA EUR0.20                                                         | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      2684 | NS      | $938070.13    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| EDP SA                                                       | EDP SA EUR1(REGD)                                                         | CUSIP: X67925119<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |     20567 | NS      | $94626.89     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Veolia Environnement S.A.                                    | Veolia Environnement S.A. EUR5                                            | CUSIP: F9686M107<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     13514 | NS      | $472002.77    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Publicis Groupe SA                                           | Publicis Groupe SA EUR0.40                                                | CUSIP: F7607Z165<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |       943 | NS      | $98209.90     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Hannover Rueck SE                                            | Hannover Rueck SE ORD NPV(REGD)                                           | CUSIP: D3015J135<br>LEI: 529900KIN5BE45V5KB18 | Long             | EC               | CORP              | DE        |      2246 | NS      | $701747.33    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Danske Bank A/S                                              | Danske Bank A/S DKK10                                                     | CUSIP: K22272114<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     12716 | NS      | $634340.85    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Post AG                                             | Deutsche Post AG NPV(REGD)                                                | CUSIP: D19225107<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     17828 | NS      | $976479.33    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| RWE AG                                                       | RWE AG NPV                                                                | CUSIP: D6629K109<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |      2704 | NS      | $143881.95    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Carlsberg A/S                                                | Carlsberg A/S SER'B'DKK20                                                 | CUSIP: K36628137<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |      1300 | NS      | $170418.87    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| AP Moller-Maersk                                             | AP Moller-Maersk SER'B'DKK1000                                            | CUSIP: K0514G101<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |        65 | NS      | $149820.57    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| AP Moller-Maersk                                             | AP Moller-Maersk SER'A'DKK1000                                            | CUSIP: K0514G135<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |       175 | NS      | $403022.46    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Skandinaviska Enskilda Banken AB (publ)                      | Skandinaviska Enskilda Banken AB (publ) SER'A'NPV                         | CUSIP: W25381141<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |     35236 | NS      | $743850.78    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Swedbank AB (publ)                                           | Swedbank AB (publ) SER'A'NPV                                              | CUSIP: W94232100<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |      5189 | NS      | $180521.09    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Cenovus Energy Inc                                           | Cenovus Energy Inc COM NPV                                                | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     16224 | NS      | $274468.17    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| UPM-Kymmene Corporation                                      | UPM-Kymmene Corporation NPV                                               | CUSIP: X9518S108<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     11934 | NS      | $345837.24    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                           | Banco Bilbao Vizcaya Argentaria SA EUR0.49                                | CUSIP: E11805103<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |      5810 | NS      | $136899.65    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Erste Group Bank AG                                          | Erste Group Bank AG NPV                                                   | CUSIP: A19494102<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      1727 | NS      | $207774.79    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Hermes International                                         | Hermes International NPV                                                  | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |        31 | NS      | $77307.01     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| ASM International N.V.                                       | ASM International N.V. EUR0.04                                            | CUSIP: N07045201<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |       444 | NS      | $270077.91    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Randstad N.V                                                 | Randstad N.V EUR0.10                                                      | CUSIP: N7291Y137<br>LEI: 7245009EAAUUQJ0U4T57 | Long             | EC               | CORP              | NL        |      2403 | NS      | $91413.07     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Heidelberg Materials AG                                      | Heidelberg Materials AG NPV                                               | CUSIP: D31709104<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |      2860 | NS      | $748947.25    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Allianz SE                                                   | Allianz SE NPV(REGD)(VINKULIERT)                                          | CUSIP: D03080112<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      5656 | NS      | $2594227.88   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Munich Reinsurance AG                                        | Munich Reinsurance AG NPV(REGD)                                           | CUSIP: D55535104<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      1669 | NS      | $1102171.55   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Repsol SA                                                    | Repsol SA EUR1                                                            | CUSIP: E8471S130<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |     20840 | NS      | $390021.89    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens AG                                                   | Siemens AG NPV(REGD)                                                      | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     11640 | NS      | $3268931.92   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Bank AG                                             | Deutsche Bank AG ORD NPV(REGD)                                            | CUSIP: D18190898<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |     22388 | NS      | $870773.43    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Telekom AG                                          | Deutsche Telekom AG NPV(REGD)                                             | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |      8928 | NS      | $289600.67    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                       | Chocoladefabriken Lindt & Spruengli AG CHF100 (REGD)                      | CUSIP: H49983176<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |         2 | NS      | $292978.84    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                       | Chocoladefabriken Lindt & Spruengli AG CHF10 (PTG CERT)                   | CUSIP: H49983184<br>LEI: 529900JYJNNOKKAGK736 | Long             | EP               | CORP              | CH        |        34 | NS      | $497251.38    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| National Grid PLC                                            | National Grid PLC ORD GBP0.12431289                                       | CUSIP: G6S9A7120<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     30507 | NS      | $469406.67    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Trisura Group Ltd                                            | Trisura Group Ltd COM NPV (POST REV SPLIT)                                | CUSIP: 89679A209<br>LEI: 549300S7H452RZFP8305 | Long             | EC               | CORP              | CA        |       416 | NS      | $12947.81     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Relx PLC                                                     | Relx PLC ORD GBP0.1444                                                    | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      9953 | NS      | $405643.88    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Descartes Systems Group Inc.                                 | Descartes Systems Group Inc. COM NPV                                      | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     23049 | NS      | $2022024.76   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| BAWAG Group AG                                               | BAWAG Group AG NPV                                                        | CUSIP: A0997C107<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     19777 | NS      | $2972799.52   | 0.25%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Godfrey Phillips                                             | Godfrey Phillips INR2                                                     | CUSIP: Y2731H156<br>LEI: 335800G5RNAHTNVKE518 | Long             | EC               | CORP              | IN        |     43735 | NS      | $1344125.47   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Kingfisher PLC                                               | Kingfisher PLC ORD GBP0.157142857                                         | CUSIP: G5256E441<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |   1144382 | NS      | $4823616.02   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Elementis PLC                                                | Elementis PLC ORD GBP0.05                                                 | CUSIP: G2996U108<br>LEI: 549300LQIH685LI2ML36 | Long             | EC               | CORP              | GB        |   3783022 | NS      | $8464879.59   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Lsl Property Services PLC                                    | Lsl Property Services PLC ORD GBP0.002                                    | CUSIP: G571AR102<br>LEI: 213800T4VM5VR3C7S706 | Long             | EC               | CORP              | GB        |    343239 | NS      | $1216819.63   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Vitzrocell Co Ltd                                            | Vitzrocell Co Ltd KRW500                                                  | CUSIP: Y9385M100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    405826 | NS      | $4963836.12   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Svenska Cellulosa Aktiebolaget SCA (publ)                    | Svenska Cellulosa Aktiebolaget SCA (publ) SER'B'NPV                       | CUSIP: W90152120<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |      8600 | NS      | $114232.77    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Niterra Co Ltd.                                              | Niterra Co Ltd. NPV                                                       | CUSIP: J49119100<br>LEI: 549300RG3XQGTFM4HH31 | Long             | EC               | CORP              | JP        |      3000 | NS      | $132127.58    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| National Australia Bank Ltd.                                 | National Australia Bank Ltd. NPV                                          | CUSIP: Q65336119<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |     39095 | NS      | $1103870.00   | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| BizLink Holding Inc.                                         | BizLink Holding Inc. TWD10                                                | CUSIP: G11474106<br>LEI: 213800YAKRFVU5XOX138 | Long             | EC               | CORP              | KY        |     54000 | NS      | $2612307.25   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Prairiesky Royalty Ltd.                                      | Prairiesky Royalty Ltd. COM NPV                                           | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |    125288 | NS      | $2467330.62   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Nidec Corp.                                                  | Nidec Corp. NPV                                                           | CUSIP: J52968104<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |      4700 | NS      | $63647.64     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| NTT Inc.                                                     | NTT Inc. NPV                                                              | CUSIP: J59396101<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |    339700 | NS      | $342722.80    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Nitori Holdings Co Ltd.                                      | Nitori Holdings Co Ltd. NPV                                               | CUSIP: J58214131<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10500 | NS      | $183803.68    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokyo Electron Ltd.                                          | Tokyo Electron Ltd. NPV                                                   | CUSIP: J86957115<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      8600 | NS      | $1888710.88   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Toyota Motor Corp.                                           | Toyota Motor Corp. NPV                                                    | CUSIP: J92676113<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |     30800 | NS      | $658868.11    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Singapore Airlines Ltd.                                      | Singapore Airlines Ltd. NPV                                               | CUSIP: Y7992P128<br>LEI: 549300ZG62N2599PWR15 | Long             | EC               | CORP              | SG        |     19700 | NS      | $98086.20     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Altagas Ltd                                                  | Altagas Ltd COM NPV                                                       | CUSIP: 021361100<br>LEI: 2549008X5V70MOS4HM10 | Long             | EC               | CORP              | CA        |     11882 | NS      | $362290.41    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurazeo                                                      | Eurazeo NPV                                                               | CUSIP: F3296A108<br>LEI: 969500C656AA39O94N60 | Long             | EC               | CORP              | FR        |      1150 | NS      | $72033.89     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Roche Holding AG                                             | Roche Holding AG GENUSSCHEINE NPV                                         | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |     10375 | NS      | $4287656.17   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  22440829 | NS      | $22440829.32  | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| HUB24 Ltd.                                                   | HUB24 Ltd. NPV                                                            | CUSIP: Q4970M176<br>LEI: 529900O2RAS904TFIR32 | Long             | EC               | CORP              | AU        |     32153 | NS      | $2065265.67   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Rakus Co Ltd.                                                | Rakus Co Ltd. NPV                                                         | CUSIP: J6S879103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    278700 | NS      | $1852175.72   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Japan Steel Works Ltd                                        | Japan Steel Works Ltd NPV                                                 | CUSIP: J27743129<br>LEI: 529900AWFTILIHHO0936 | Long             | EC               | CORP              | JP        |     34868 | NS      | $1713557.50   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Lite-On Technology Corp.                                     | Lite-On Technology Corp. TWD10                                            | CUSIP: Y5313K109<br>LEI: 2549005GU1PQ73SZBT32 | Long             | EC               | CORP              | TW        |    394000 | NS      | $2050221.99   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| IQE PLC                                                      | IQE PLC ORD GBP0.01                                                       | CUSIP: G49356119<br>LEI: 213800Y33WHD3ESJJP16 | Long             | EC               | CORP              | GB        |  24357010 | NS      | $1641601.76   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| M&C Saatchi PLC                                              | M&C Saatchi PLC ORD GBP0.01                                               | CUSIP: G5941C107<br>LEI: 213800XBLFQZ1T1KBA87 | Long             | EC               | CORP              | GB        |   3060351 | NS      | $5404012.75   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Essentra PLC                                                 | Essentra PLC ORD GBP0.25                                                  | CUSIP: G3198T105<br>LEI: 5493007MOZNA03BVNE96 | Long             | EC               | CORP              | GB        |   2476825 | NS      | $3225122.97   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| FDM Group (Holdings) PLC                                     | FDM Group (Holdings) PLC ORD GBP0.01                                      | CUSIP: G3405Y129<br>LEI: 213800YR62D7GUZLMZ71 | Long             | EC               | CORP              | GB        |   1609250 | NS      | $2906712.95   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Real Matters Incorporation                                   | Real Matters Incorporation COM                                            | CUSIP: 75601Y100<br>LEI: 54930038CQZBR1KZYE22 | Long             | EC               | CORP              | CA        |    376923 | NS      | $1592767.77   | 0.14%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Impro Precision Industries Limited                           | Impro Precision Industries Limited HKD0.1                                 | CUSIP: G4723A108<br>LEI: 2549009NAG20HWV31U35 | Long             | EC               | CORP              | KY        |  15246670 | NS      | $9540555.71   | 0.81%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Allfunds Group Plc                                           | Allfunds Group Plc EUR0.0025                                              | CUSIP: G0236L102<br>LEI: 9598005U8TZQ8Q64SC71 | Long             | EC               | CORP              | GB        |    382519 | NS      | $3616520.16   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Sesa S.p.A. (Gia/ Made In Italy 1 SpA)                       | Sesa S.p.A. (Gia/ Made In Italy 1 SpA) NPV                                | CUSIP: T8T09M129<br>LEI: 81560005C031D4E76707 | Long             | EC               | CORP              | IT        |     22228 | NS      | $2345786.89   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Steadfast Group Ltd.                                         | Steadfast Group Ltd. NPV                                                  | CUSIP: Q8744R106<br>LEI: 9845003B6BEAA12DBD91 | Long             | EC               | CORP              | AU        |   1632888 | NS      | $5753657.51   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Luxfer Holdings PLC                                          | Luxfer Holdings PLC ORD GBP0.50                                           | CUSIP: G5698W116<br>LEI: 21380045UF5SJYZOXE41 | Long             | EC               | CORP              | GB        |    312700 | NS      | $4230831.00   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Advancedadvt Limited                                         | Advancedadvt Limited ORD NPV (DI)                                         | CUSIP: G0103J107<br>LEI: 254900WYO35S1T334A28 | Long             | EC               | CORP              | VG        |   1927022 | NS      | $4480738.53   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Spir Group ASA                                               | Spir Group ASA NOK0.02                                                    | CUSIP: R7787E104<br>LEI: 549300VZZ36ASJJOMO23 | Long             | EC               | CORP              | NO        |   1689068 | NS      | $1414259.32   | 0.12%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Alten SA                                                     | Alten SA NPV                                                              | CUSIP: F02626103<br>LEI: 969500Y7G9TY7Y24GN07 | Long             | EC               | CORP              | FR        |    115115 | NS      | $9801265.14   | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Care Ratings Limited                                         | Care Ratings Limited INR10                                                | CUSIP: Y1R7BV106<br>LEI: 335800BPDT71YUVM2E79 | Long             | EC               | CORP              | IN        |    103469 | NS      | $1841801.94   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Permanent TSB Group Holdings PLC                             | Permanent TSB Group Holdings PLC ORD EUR0.50                              | CUSIP: G7015D110<br>LEI: 635400DTNHVYGZODKQ93 | Long             | EC               | CORP              | IE        |      6141 | NS      | $20856.85     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Glenveagh Properties PLC                                     | Glenveagh Properties PLC ORD EUR0.001                                     | CUSIP: G39155109<br>LEI: 635400QUQ2YYGMOAK834 | Long             | EC               | CORP              | IE        |   9285265 | NS      | $21060246.11  | 1.79%             |  |  |  | Yes           | 1                  | On Loan: No      |
| IQE PLC 0%                                                   | IQE PLC 0%                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2053408 | PA      | $2664372.46   | 0.23%             | 2026-03-13      | Fixed         | 0.00%                 | No            | 2                  | On Loan: No      |
| Mitra Adiperkasa Tbk PT                                      | Mitra Adiperkasa Tbk PT IDR50                                             | CUSIP: Y71299104<br>LEI: 254900Z2B7Y7F69ZZZ04 | Long             | EC               | CORP              | ID        |  35288900 | NS      | $2465461.38   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Kansai Paint Co Ltd.                                         | Kansai Paint Co Ltd. NPV                                                  | CUSIP: J30255129<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |    421311 | NS      | $6656950.49   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Lion Corp                                                    | Lion Corp NPV                                                             | CUSIP: J38933107<br>LEI: 529900MPGS2GM7VPG855 | Long             | EC               | CORP              | JP        |    418500 | NS      | $4405685.01   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Sato Corp (Japan)                                            | Sato Corp (Japan) NPV                                                     | CUSIP: J69682102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    255700 | NS      | $3919405.64   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Famous Brands Ltd                                            | Famous Brands Ltd ZAR0.01                                                 | CUSIP: S2699W101<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    581685 | NS      | $1878533.44   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Zuken Inc                                                    | Zuken Inc NPV                                                             | CUSIP: J98974108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    348531 | NS      | $10869343.30  | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Knight Therapeutics Inc                                      | Knight Therapeutics Inc COM NPV                                           | CUSIP: 499053106<br>LEI: 549300LNW93V3HRS7610 | Long             | EC               | CORP              | CA        |    534840 | NS      | $2357496.63   | 0.20%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Pets At Home Group PLC                                       | Pets At Home Group PLC ORD GBP0.01                                        | CUSIP: G7041J107<br>LEI: 2138003Y9ULD24PD3J93 | Long             | EC               | CORP              | GB        |    771479 | NS      | $2059032.16   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Sabre Insurance Group PLC                                    | Sabre Insurance Group PLC ORD GBP0.001                                    | CUSIP: G7739M107<br>LEI: 2138006RXRQ8P8VKGV98 | Long             | EC               | CORP              | GB        |   2617131 | NS      | $4586090.75   | 0.39%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Medmix Ag                                                    | Medmix Ag CHF0.01                                                         | CUSIP: H5316Q102<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    187268 | NS      | $2657356.80   | 0.23%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Signify NV                                                   | Signify NV EUR0.01                                                        | CUSIP: N8063K107<br>LEI: 549300072P3J1X8NZO35 | Long             | EC               | CORP              | NL        |    293284 | NS      | $7224228.58   | 0.62%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Pluxee NV                                                    | Pluxee NV EUR0.01                                                         | CUSIP: N8000Y103<br>LEI: 213800RQNIQT48SEEO85 | Long             | EC               | CORP              | NL        |     95563 | NS      | $1506018.76   | 0.13%             |  |  |  | No            | 1                  | On Loan: —       |
| Protector Forsikring ASA                                     | Protector Forsikring ASA NOK1                                             | CUSIP: R7049B138<br>LEI: 5967007LIEEXZXAIO813 | Long             | EC               | CORP              | NO        |     44435 | NS      | $2303594.76   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| The 77 Bank Ltd                                              | The 77 Bank Ltd NPV                                                       | CUSIP: J71348106<br>LEI: 549300U6CT3EHB9XS980 | Long             | EC               | CORP              | JP        |     45000 | NS      | $2168385.09   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Shibaura Mechatronics Corporation                            | Shibaura Mechatronics Corporation NPV                                     | CUSIP: J71585103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15600 | NS      | $1892090.04   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Sinfonia Technology Co Ltd                                   | Sinfonia Technology Co Ltd NPV                                            | CUSIP: J7552H109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     31600 | NS      | $1834475.99   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Toyo Tire Corp.                                              | Toyo Tire Corp. NPV                                                       | CUSIP: J92805175<br>LEI: 529900Y41RD7VQM9RF75 | Long             | EC               | CORP              | JP        |     60800 | NS      | $1684782.39   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Meitu Inc                                                    | Meitu Inc USD0.00001                                                      | CUSIP: G5966D105<br>LEI: 529900P2POH56W116T02 | Long             | EC               | CORP              | KY        |   1715500 | NS      | $1542973.52   | 0.13%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Nkt AS                                                       | Nkt AS DKK20                                                              | CUSIP: K7037A107<br>LEI: 529900197LKWCEQ0NL18 | Long             | EC               | CORP              | DK        |     20542 | NS      | $2568008.55   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| 5N Plus Inc                                                  | 5N Plus Inc COM                                                           | CUSIP: 33833X101<br>LEI: 5493005GU1NFX4YB2S73 | Long             | EC               | CORP              | CA        |    171219 | NS      | $2210484.63   | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Hyosung Heavy Industries Corporation                         | Hyosung Heavy Industries Corporation KRW5000                              | CUSIP: Y3R1E4102<br>LEI: 988400IDLF9EQ95M0928 | Long             | EC               | CORP              | KR        |      1730 | NS      | $2116323.83   | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Mips AB                                                      | Mips AB NPV                                                               | CUSIP: W5648N127<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |     44171 | NS      | $1683772.44   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Henderson Land Development Co Ltd.                           | Henderson Land Development Co Ltd. NPV                                    | CUSIP: Y31476107<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |     25331 | NS      | $91589.59     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Hitachi Ltd.                                                 | Hitachi Ltd. NPV                                                          | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     63400 | NS      | $1966899.11   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Magnum Ice Cream Co. NV (The)                                | Magnum Ice Cream Co. NV (The) ORD EUR3.50 (DI)                            | CUSIP: N5505D105<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |     46266 | NS      | $734339.18    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Daikin Industries Ltd.                                       | Daikin Industries Ltd. NPV                                                | CUSIP: J10038115<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     20400 | NS      | $2618810.01   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Amrize Ltd.                                                  | Amrize Ltd. USD0.01                                                       | CUSIP: H2927K103<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | CH        |    106246 | NS      | $5787743.56   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| Unilever PLC                                                 | Unilever PLC ORD GBP0.035                                                 | CUSIP: G92087348<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    197400 | NS      | $12930418.00  | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| ITOCHU Corp.                                                 | ITOCHU Corp. NPV                                                          | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     91000 | NS      | $1148660.06   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Kajima Corp.                                                 | Kajima Corp. NPV                                                          | CUSIP: J29223120<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3500 | NS      | $130516.91    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Kikkoman Corp                                                | Kikkoman Corp NPV                                                         | CUSIP: J32620106<br>LEI: 529900T9K5UH9HXOND47 | Long             | EC               | CORP              | JP        |     30000 | NS      | $272041.66    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Konami Group Corp.                                           | Konami Group Corp. NPV                                                    | CUSIP: J3600L101<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |      2300 | NS      | $313497.47    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsubishi Corp.                                             | Mitsubishi Corp. NPV                                                      | CUSIP: J43830116<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     52500 | NS      | $1203003.01   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsui & Co Ltd.                                             | Mitsui & Co Ltd. NPV                                                      | CUSIP: J44690139<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |     28000 | NS      | $827559.61    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Murata Manufacturing Co Ltd.                                 | Murata Manufacturing Co Ltd. NPV                                          | CUSIP: J46840104<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     22500 | NS      | $467091.55    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Nintendo Co Ltd.                                             | Nintendo Co Ltd. NPV                                                      | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     18000 | NS      | $1215888.26   | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                                | Nippon Yusen Kabushiki Kaisha NPV                                         | CUSIP: J56515232<br>LEI: 353800YPW4XM0ZN5I149 | Long             | EC               | CORP              | JP        |      9300 | NS      | $301105.64    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Vinci SA                                                     | Vinci SA EUR2.50                                                          | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      6739 | NS      | $950756.82    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Oriental Land Co Ltd.                                        | Oriental Land Co Ltd. NPV                                                 | CUSIP: J6174U100<br>LEI: 353800PIFKBZ6KTU5994 | Long             | EC               | CORP              | JP        |     24000 | NS      | $443942.13    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Santos Ltd.                                                  | Santos Ltd. NPV                                                           | CUSIP: Q82869118<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |     20500 | NS      | $84409.77     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Sekisui House Ltd                                            | Sekisui House Ltd NPV                                                     | CUSIP: J70746136<br>LEI: 529900GMNDOYQSAJAE76 | Long             | EC               | CORP              | JP        |      6000 | NS      | $133928.33    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Sony Group Corp.                                             | Sony Group Corp. NPV                                                      | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     13000 | NS      | $332282.05    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Sumitomo Corp.                                               | Sumitomo Corp. NPV                                                        | CUSIP: J77282119<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |      2800 | NS      | $96837.54     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Suzuki Motor Corp.                                           | Suzuki Motor Corp. NPV                                                    | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     23200 | NS      | $344565.12    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Toyota Industries Corp.                                      | Toyota Industries Corp. NPV                                               | CUSIP: J92628106<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |      4000 | NS      | $454208.64    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| ABB Ltd.                                                     | ABB Ltd. CHF0.12 (REGD)                                                   | CUSIP: H0010V101<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |    195384 | NS      | $14443039.93  | 1.23%             |  |  |  | No            | 2                  | On Loan: No      |
| UBS Group AG                                                 | UBS Group AG USD0.10 (REGD)                                               | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    290181 | NS      | $13414215.44  | 1.14%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC Holdings PLC ORD USD0.50                                             | CUSIP: G4634U169<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     76081 | NS      | $1203771.75   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| BAE Systems PLC                                              | BAE Systems PLC ORD GBP0.025                                              | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     40350 | NS      | $932240.97    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| British American Tobacco PLC                                 | British American Tobacco PLC ORD GBP0.25                                  | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      1458 | NS      | $82818.22     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Whitbread Group PLC                                          | Whitbread Group PLC ORD GBP0.76797385                                     | CUSIP: G9606P197<br>LEI: 2138006LIAYQKUCYBB20 | Long             | EC               | CORP              | GB        |      2756 | NS      | $94731.24     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Reckitt Benckiser Group PLC                                  | Reckitt Benckiser Group PLC ORD GBP0.10                                   | CUSIP: G74079107<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |      8289 | NS      | $670612.99    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| AstraZeneca PLC                                              | AstraZeneca PLC ORD USD0.25                                               | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      5135 | NS      | $954505.74    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Julius Baer Group AG                                         | Julius Baer Group AG CHF0.02 (REGD)                                       | CUSIP: H4414N103<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |      3711 | NS      | $290121.03    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Cenovus Energy Inc                                           | Cenovus Energy Inc COM NPV                                                | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     14024 | NS      | $237286.08    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Northern Star Resources Ltd.                                 | Northern Star Resources Ltd. NPV                                          | CUSIP: Q6951U101<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |     23240 | NS      | $414561.31    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Sulzer AG                                                    | Sulzer AG CHF0.01 (REGD)                                                  | CUSIP: H83580284<br>LEI: 529900NZ6MAST5IJF669 | Long             | EC               | CORP              | CH        |       485 | NS      | $89931.28     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Coloplast AS                                                 | Coloplast AS SER'B'DKK1                                                   | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |      1500 | NS      | $128754.31    | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| National Bank of Canada                                      | National Bank of Canada COM NPV                                           | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |     19328 | NS      | $2430662.69   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Bank of Canada                                         | Royal Bank of Canada COM NPV                                              | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |      4710 | NS      | $803007.90    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Rogers Communications Inc.                                   | Rogers Communications Inc. CLASS'B'COM CAD1.62478                         | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |      2148 | NS      | $81044.04     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CCL Industries Inc                                           | CCL Industries Inc CLASS'B'NON VTG COM NPV                                | CUSIP: 124900309<br>LEI: 549300TD3EMSRRC0YH75 | Long             | EC               | CORP              | CA        |     10793 | NS      | $681762.49    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Utilities Limited                                   | Canadian Utilities Limited CLASS'A'COM NON-VTG NPV                        | CUSIP: 136717832<br>LEI: LWV4QIQODEH3VBHUFX07 | Long             | EC               | CORP              | CA        |     13314 | NS      | $414489.25    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Emera Inc                                                    | Emera Inc COM NPV                                                         | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     10842 | NS      | $534299.57    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Enbridge Inc.                                                | Enbridge Inc. COM NPV                                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     25833 | NS      | $1235592.39   | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Magna International Inc                                      | Magna International Inc COM NPV                                           | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |       300 | NS      | $15990.00     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| The Toronto-Dominion Bank                                    | The Toronto-Dominion Bank COM NPV                                         | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |      3444 | NS      | $324424.80    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Imperial Oil Ltd.                                            | Imperial Oil Ltd. COM NPV                                                 | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      3196 | NS      | $275846.76    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Loblaws Companies Ltd.                                       | Loblaws Companies Ltd. COM NPV                                            | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     10540 | NS      | $476490.47    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Magna International Inc                                      | Magna International Inc COM NPV                                           | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |     12181 | NS      | $649363.43    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Fairfax Financial Holdings Limited                           | Fairfax Financial Holdings Limited SUB-VTG COM NPV                        | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       332 | NS      | $632745.97    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Metro Inc.                                                   | Metro Inc. COM NPV                                                        | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |      3000 | NS      | $215926.56    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Novo Nordisk A/S                                             | Novo Nordisk A/S ADR-REP 1 CLASS'B'DKK1                                   | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      1214 | NS      | $61768.32     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                                       | Agnico Eagle Mines Ltd COM NPV                                            | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      9900 | NS      | $1678347.00   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Onex Corp.                                                   | Onex Corp. SUB-VTG NPV                                                    | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |      3028 | NS      | $249202.49    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Power Corporation of Canada                                  | Power Corporation of Canada SUB-VTG NPV                                   | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |      2253 | NS      | $119745.26    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Royal Bank of Canada                                         | Royal Bank of Canada COM NPV                                              | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |      5304 | NS      | $904216.94    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                                             | TotalEnergies SE EUR2.5                                                   | CUSIP: F92124100<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      1384 | NS      | $90541.28     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Intact Financial Corp.                                       | Intact Financial Corp. COM NPV                                            | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |       415 | NS      | $86392.44     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Aker BP ASA                                                  | Aker BP ASA NOK1                                                          | CUSIP: R0139K100<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |     27984 | NS      | $712070.77    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Sompo Holdings Inc.                                          | Sompo Holdings Inc. NPV                                                   | CUSIP: J7621A101<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |       800 | NS      | $27235.84     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| South Bow Corp.                                              | South Bow Corp. COM                                                       | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |      1080 | NS      | $29667.60     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Intertek Group PLC                                           | Intertek Group PLC ORD GBP0.01                                            | CUSIP: G4911B108<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |      1567 | NS      | $97712.12     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Next PLC                                                     | Next PLC ORD GBP0.10                                                      | CUSIP: G6500M106<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |      2141 | NS      | $394799.50    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Magnum Ice Cream Co. NV (The)                                | Magnum Ice Cream Co. NV (The) ORD EUR3.50 (DI)                            | CUSIP: N5505D105<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |       760 | NS      | $12062.81     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Stora Enso Oyj                                               | Stora Enso Oyj SER'R'NPV                                                  | CUSIP: X8T9CM113<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |      7565 | NS      | $94719.45     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Lufthansa AG                                        | Deutsche Lufthansa AG ORD NPV (REGD)(VINK)                                | CUSIP: D1908N106<br>LEI: 529900PH63HYJ86ASW55 | Long             | EC               | CORP              | DE        |     45633 | NS      | $451237.97    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Rheinmetall AG                                               | Rheinmetall AG NPV                                                        | CUSIP: D65111102<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       555 | NS      | $1017704.74   | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Acciona SA                                                   | Acciona SA EUR1                                                           | CUSIP: E0008Z109<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |      1260 | NS      | $275271.83    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| UCB SA                                                       | UCB SA NPV                                                                | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      2245 | NS      | $629504.17    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Santander SA                                           | Banco Santander SA EUR0.50(REGD)                                          | CUSIP: E19790109<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     51052 | NS      | $604162.91    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Naturgy Energy Group S.A.                                    | Naturgy Energy Group S.A. EUR1                                            | CUSIP: E7S90S109<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |      6389 | NS      | $194616.53    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Leonardo S.p.A.                                              | Leonardo S.p.A. NPV                                                       | CUSIP: T6S996112<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |      9386 | NS      | $537683.56    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Infineon Technologies AG                                     | Infineon Technologies AG ORD NPV (REGD)                                   | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     20563 | NS      | $911123.16    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Societe Generale S.A.                                        | Societe Generale S.A. EUR1.25                                             | CUSIP: F8591M517<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     14443 | NS      | $1166413.11   | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke KPN N.V.                                         | Koninklijke KPN N.V. EUR0.04                                              | CUSIP: N4297B146<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |     65970 | NS      | $308251.14    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Givaudan SA                                                  | Givaudan SA CHF10                                                         | CUSIP: H3238Q102<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |       140 | NS      | $556585.27    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Telia Company AB                                             | Telia Company AB NPV                                                      | CUSIP: W95890104<br>LEI: 213800FSR9RNDUOTXO25 | Long             | EC               | CORP              | SE        |     64209 | NS      | $274324.03    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Zurich Insurance Group AG                                    | Zurich Insurance Group AG CHF0.10                                         | CUSIP: H9870Y105<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |      1626 | NS      | $1234161.84   | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| ACS Actividades De Construccion Y Servicios S.A.             | ACS Actividades De Construccion Y Servicios S.A. EUR0.5                   | CUSIP: E7813W163<br>LEI: 95980020140005558665 | Long             | EC               | CORP              | ES        |      5680 | NS      | $566385.35    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Neste Oyj                                                    | Neste Oyj NPV                                                             | CUSIP: X5688A109<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |     21225 | NS      | $480308.14    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Kone Oyj                                                     | Kone Oyj SER'B'NPV                                                        | CUSIP: X4551T105<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |      3256 | NS      | $230942.03    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Avolta AG                                                    | Avolta AG CHF5 (REGD)                                                     | CUSIP: H2082J107<br>LEI: 549300X53WDBVW7TIF57 | Long             | EC               | CORP              | CH        |       384 | NS      | $22774.08     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Schindler Holding AG                                         | Schindler Holding AG CHF0.10 (PTG CERT)                                   | CUSIP: H7258G209<br>LEI: 5299007DRLI319H7Q933 | Long             | EP               | CORP              | CH        |       755 | NS      | $284529.72    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| SunocoCorp LLC                                               | SunocoCorp LLC COM SHS LLC                                                | CUSIP: 86765Q106<br>LEI: 529900W6BS3KGM2OOQ61 | Long             | EC               | CORP              | US        |      2110 | NS      | $103980.80    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Sandoz Group AG                                              | Sandoz Group AG SPONSORED ADS                                             | CUSIP: 799926100<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |       773 | NS      | $56255.08     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Berkeley Group Holdings PLC                                  | Berkeley Group Holdings PLC ORD GBP0.05611047                             | CUSIP: G1191G153<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |      3991 | NS      | $210022.28    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Sampo PLC                                                    | Sampo PLC NPV A                                                           | CUSIP: X75653232<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |     20310 | NS      | $245863.03    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Anglo American PLC                                           | Anglo American PLC ORD USD0.623855311355311                               | CUSIP: G03764142<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     42921 | NS      | $1784838.11   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Unilever PLC                                                 | Unilever PLC ORD GBP0.035                                                 | CUSIP: G92087348<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      3380 | NS      | $221402.29    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Experian PLC                                                 | Experian PLC ORD USD0.10                                                  | CUSIP: G32655105<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |     91206 | NS      | $4134510.57   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| BAE Systems PLC                                              | BAE Systems PLC ORD GBP0.025                                              | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    511895 | NS      | $11826753.22  | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| 3i Group PLC                                                 | 3i Group PLC ORD GBP0.738636                                              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |    161858 | NS      | $7119099.67   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| AstraZeneca PLC                                              | AstraZeneca PLC ORD USD0.25                                               | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     36964 | NS      | $6870954.26   | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Adyen NV                                                     | Adyen NV EUR0.01                                                          | CUSIP: N3501V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      4065 | NS      | $6568634.21   | 0.56%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Canadian Natural Resources Limited                           | Canadian Natural Resources Limited COM NPV                                | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    125676 | NS      | $4256804.66   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| ICICI Bank Ltd.                                              | ICICI Bank Ltd. SPON ADR EACH REP 2 ORD SHS                               | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    185643 | NS      | $5532161.40   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Arch Capital Group Ltd.                                      | Arch Capital Group Ltd. COM USD0.01                                       | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     71311 | NS      | $6840151.12   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Spotify Technology S.A.                                      | Spotify Technology S.A. COM EUR0.000625                                   | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     13153 | NS      | $7638078.63   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Aon PLC                                                      | Aon PLC SHS CL A                                                          | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     11036 | NS      | $3894383.68   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Linde PLC                                                    | Linde PLC COM EUR0.001                                                    | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     10913 | NS      | $4653194.07   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Canadian Pacific Kansas City Ltd.                            | Canadian Pacific Kansas City Ltd. COM                                     | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     90863 | NS      | $6690242.69   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Energy AG                                            | Siemens Energy AG NPV                                                     | CUSIP: D6T47E106<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |    151531 | NS      | $21415527.46  | 1.82%             |  |  |  | No            | 2                  | On Loan: No      |
| Ferguson Enterprises Inc                                     | Ferguson Enterprises Inc COMMON STOCK NEW                                 | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     24903 | NS      | $5544154.89   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Waste Connections Inc.                                       | Waste Connections Inc. COM NPV                                            | CUSIP: 94106B101<br>LEI: 549300ZX1Z8QGWASPX54 | Long             | EC               | CORP              | CA        |     22335 | NS      | $3916665.60   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Nu Holdings Ltd.                                             | Nu Holdings Ltd. ORD SHS CL A                                             | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    383968 | NS      | $6427624.32   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Novo Nordisk A/S                                             | Novo Nordisk A/S SER'B'DKK0.1                                             | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     74350 | NS      | $3789827.52   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Cranswick PLC                                                | Cranswick PLC ORD GBP0.10                                                 | CUSIP: G2504J108<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |     50060 | NS      | $3343553.94   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Grenergy Renovables Sa                                       | Grenergy Renovables Sa EUR0.35                                            | CUSIP: E5R20V102<br>LEI: 959800M1FVPL5BMW3R13 | Long             | EC               | CORP              | ES        |     20985 | NS      | $2123361.58   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Avio S.p.A.                                                  | Avio S.p.A. NPV                                                           | CUSIP: T0R27R125<br>LEI: 8156008F25C4B0E7C860 | Long             | EC               | CORP              | IT        |     92909 | NS      | $3170794.26   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank Syariah Indonesia Tbk                                   | Bank Syariah Indonesia Tbk IDR500                                         | CUSIP: Y0R8KR105<br>LEI: 9845009CD3B814E04066 | Long             | EC               | CORP              | ID        |  11268200 | NS      | $1506835.25   | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Neuren Pharmaceuticals Ltd.                                  | Neuren Pharmaceuticals Ltd. NPV                                           | CUSIP: Q6634F109<br>LEI: 984500E48D0FDEE7CE63 | Long             | EC               | CORP              | NZ        |    159483 | NS      | $1980680.64   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Cementir Holding N.V.                                        | Cementir Holding N.V. EUR1                                                | CUSIP: N19582100<br>LEI: 8156008B101B97A43B02 | Long             | EC               | CORP              | NL        |    111404 | NS      | $2443692.32   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Trustpilot Group PLC                                         | Trustpilot Group PLC ORD GBP0.01                                          | CUSIP: G91044100<br>LEI: 2138002ILUNMGNPSGG46 | Long             | EC               | CORP              | GB        |    198394 | NS      | $439647.07    | 0.04%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Globaltrans Investment PLC                                   | Globaltrans Investment PLC SPONS GDR RG S                                 | CUSIP: 37949E204<br>LEI: 213800D6EVVEJJW3MD09 | Long             | EC               | CORP              | CY        |      3168 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Bonesupport Holding Ab                                       | Bonesupport Holding Ab NPV                                                | CUSIP: W2R933137<br>LEI: 549300COLY053IGTLD63 | Long             | EC               | CORP              | SE        |     57158 | NS      | $1160518.52   | 0.10%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Alzchem Group Ag                                             | Alzchem Group Ag NPV (POST SPLIT)                                         | CUSIP: D0R02K100<br>LEI: 8945004EL7WZK3ERG181 | Long             | EC               | CORP              | DE        |       337 | NS      | $61115.93     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| Vista Energy S.A.B. de C.V.                                  | Vista Energy S.A.B. de C.V. SPON ADS EA REP 1 ORD SHS                     | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |     39458 | NS      | $1920026.28   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Pexa Group Ltd                                               | Pexa Group Ltd NPV                                                        | CUSIP: Q9131W104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    180538 | NS      | $1618073.80   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Alk-Abello A/S                                               | Alk-Abello A/S SER'B'DKK0.50                                              | CUSIP: K03294137<br>LEI: 529900SGCREUZCZ7P020 | Long             | EC               | CORP              | DK        |     68003 | NS      | $2439577.17   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Auto1 Group                                                  | Auto1 Group NPV                                                           | CUSIP: D0R06D102<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |     67914 | NS      | $2177477.01   | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Boerse AG                                           | Deutsche Boerse AG NPV(REGD)                                              | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |       910 | NS      | $239021.67    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Axa SA                                                       | Axa SA EUR2.29                                                            | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     14011 | NS      | $674436.26    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| BNP Paribas SA                                               | BNP Paribas SA EUR2                                                       | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      1192 | NS      | $113173.75    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Swiss Life Holding AG                                        | Swiss Life Holding AG CHF0.1 (REGD)                                       | CUSIP: H8404J162<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |       634 | NS      | $732463.83    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Heineken N.V.                                                | Heineken N.V. EUR1.60                                                     | CUSIP: N39427211<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |      2822 | NS      | $231286.77    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Heineken Holding N.V.                                        | Heineken Holding N.V. EUR1.60                                             | CUSIP: N39338194<br>LEI: 724500M1WJLFM9TYBS04 | Long             | EC               | CORP              | NL        |      2004 | NS      | $146958.31    | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonova Holding AG                                            | Sonova Holding AG CHF0.05 (REGD)                                          | CUSIP: H8024W106<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      1308 | NS      | $337485.08    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Klepierre SA                                                 | Klepierre SA EUR1.40                                                      | CUSIP: F5396X102<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |       671 | NS      | $26605.99     | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Iberdrola, S.A.                                              | Iberdrola, S.A. EUR0.75                                                   | CUSIP: E6165F166<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     72837 | NS      | $1580568.03   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Covivio SA                                                   | Covivio SA EUR3                                                           | CUSIP: F2R22T119<br>LEI: 969500P8M3W2XX376054 | Long             | EC               | CORP              | FR        |      1134 | NS      | $75496.15     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Adidas AG                                                    | Adidas AG NPV (REGD)                                                      | CUSIP: D0066B185<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      1793 | NS      | $352949.86    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| ASML Holding N.V.                                            | ASML Holding N.V. NY REGISTRY SHS                                         | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       204 | NS      | $218251.44    | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| St James's Place PLC                                         | St James's Place PLC ORD GBP0.15                                          | CUSIP: G5005D124<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |    147096 | NS      | $2745159.94   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Apotea AB                                                    | Apotea AB NPV                                                             | CUSIP: W05022111<br>LEI: 6367005D3D7BO6FIEV09 | Long             | EC               | CORP              | SE        |    226567 | NS      | $2262839.42   | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Secure Waste Infrastructure Corp.                            | Secure Waste Infrastructure Corp. COM                                     | CUSIP: 813921103<br>LEI: 894500UQR7AONHFERA55 | Long             | EC               | CORP              | CA        |    189789 | NS      | $2388004.83   | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| SMG Swiss Marketplace Group AG                               | SMG Swiss Marketplace Group AG CHF0.003 (REGD)                            | CUSIP: H7884J114<br>LEI: 506700N2391DVRZ4MZ72 | Long             | EC               | CORP              | CH        |     63300 | NS      | $2899142.29   | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Kuros Biosciences AG                                         | Kuros Biosciences AG CHF0.10(POST SPLIT)                                  | CUSIP: H4769G117<br>LEI: 5299006U5POB2AVTT709 | Long             | EC               | CORP              | CH        |     53953 | NS      | $1861337.90   | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Integral Corp.                                               | Integral Corp. NPV                                                        | CUSIP: J2401C104<br>LEI: 254900LBW5E2GUM0UK59 | Long             | EC               | CORP              | JP        |     78500 | NS      | $1665405.73   | 0.14%             |  |  |  | No            | 2                  | On Loan: —       |
| Tower Semiconductor Limited                                  | Tower Semiconductor Limited ORD ILS1                                      | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     21528 | NS      | $2527817.76   | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Timee Inc.                                                   | Timee Inc. NPV                                                            | CUSIP: J83432104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    259788 | NS      | $2099146.91   | 0.18%             |  |  |  | No            | 2                  | On Loan: —       |
| Burberry Group PLC                                           | Burberry Group PLC ORD GBP0.0005                                          | CUSIP: G1700D105<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |    155111 | NS      | $2653249.25   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Jentech Precision Industrial Co., Ltd                        | Jentech Precision Industrial Co., Ltd TWD10                               | CUSIP: Y4432G115<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     32000 | NS      | $2795627.06   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Raysearch Laboratories AB                                    | Raysearch Laboratories AB SER'B'NPV                                       | CUSIP: W72195105<br>LEI: 549300TYFVYGS0JFWM28 | Long             | EC               | CORP              | SE        |    106882 | NS      | $2644641.82   | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Triveni Turbine Ltd.                                         | Triveni Turbine Ltd. INR1                                                 | CUSIP: Y89735107<br>LEI: 335800CN8OF2ECX4NK89 | Long             | EC               | CORP              | IN        |    247670 | NS      | $1483191.67   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Multi Commodity Exchange Of India Ltd.                       | Multi Commodity Exchange Of India Ltd. INR10                              | CUSIP: Y5S057101<br>LEI: 254900BTZEPM27IOAM68 | Long             | EC               | CORP              | IN        |     11317 | NS      | $1402169.04   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Generation Development Group Ltd                             | Generation Development Group Ltd NPV                                      | CUSIP: Q40073100<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    411541 | NS      | $1617640.79   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Inter & Co Inc.                                              | Inter & Co Inc. CLASS A COM                                               | CUSIP: G4R20B107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    207178 | NS      | $1756869.44   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| SOL S.p.A                                                    | SOL S.p.A EUR0.52                                                         | CUSIP: T8711D103<br>LEI: 81560096A9AEBBBD4B25 | Long             | EC               | CORP              | IT        |     40271 | NS      | $2315744.14   | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Buzzi S.p.A.                                                 | Buzzi S.p.A. NPV                                                          | CUSIP: T2320M109<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |     48971 | NS      | $2976669.01   | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Nordex SE                                                    | Nordex SE NPV                                                             | CUSIP: D5736K135<br>LEI: 529900HVDYCUWVD0OE76 | Long             | EC               | CORP              | DE        |     76671 | NS      | $2623000.50   | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Exail Technologies                                           | Exail Technologies EUR1.00                                                | CUSIP: F4606F100<br>LEI: 549300EWC06TYV07XE53 | Long             | EC               | CORP              | FR        |     19690 | NS      | $1885884.78   | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Totvs SA                                                     | Totvs SA COM NPV                                                          | CUSIP: P92184103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    224600 | NS      | $1711232.73   | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Life360 Inc.                                                 | Life360 Inc. NPV CDI 3:1                                                  | CUSIP: U5295P104<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     77430 | NS      | $1732592.78   | 0.15%             |  |  |  | Yes           | 1                  | On Loan: No      |
| MDA Space Ltd                                                | MDA Space Ltd COM                                                         | CUSIP: 55293N109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     86409 | NS      | $1677123.43   | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Shawbrook Group Plc                                          | Shawbrook Group Plc ORD GBP0.005                                          | CUSIP: G8072S123<br>LEI: 21380071539WSMTM4410 | Long             | EC               | CORP              | GB        |    276698 | NS      | $1812659.03   | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| E Ink Holdings Inc.                                          | E Ink Holdings Inc. TWD10                                                 | CUSIP: Y2266Z100<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |    310000 | NS      | $1953501.69   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Lynas Rare Earths Ltd.                                       | Lynas Rare Earths Ltd. NPV                                                | CUSIP: Q5683J210<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |    178215 | NS      | $1479511.42   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Dominos Pizza Ent                                            | Dominos Pizza Ent NPV                                                     | CUSIP: Q32503106<br>LEI: 54930034RFI409JZ3179 | Long             | EC               | CORP              | AU        |    102518 | NS      | $1436723.20   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V.          | Grupo Aeroportuario del Centro Norte S.A.B. de C.V. SER'B' NPV            | CUSIP: P49530101<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |    115280 | NS      | $1559024.76   | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Furukawa Electric Co Ltd.                                    | Furukawa Electric Co Ltd. NPV                                             | CUSIP: J16464117<br>LEI: 353800TJR1DQ3P1QR918 | Long             | EC               | CORP              | JP        |     31800 | NS      | $2037590.83   | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Harbin Electric Co Llt                                       | Harbin Electric Co Llt 'H'CNY1                                            | CUSIP: Y30683109<br>LEI: 529900QH6Y4U07RU0U61 | Long             | EC               | CORP              | CN        |    943077 | NS      | $2015158.04   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Exosens SA                                                   | Exosens SA EUR0.425                                                       | CUSIP: F33896105<br>LEI: 969500R3AKTPEDO9EG76 | Long             | EC               | CORP              | FR        |     36111 | NS      | $2056104.23   | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Embraer S.A.                                                 | Embraer S.A. COM NPV                                                      | CUSIP: P3700H268<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |    196900 | NS      | $3180736.20   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Rakuten Bank Ltd.                                            | Rakuten Bank Ltd. NPV                                                     | CUSIP: J6S87A100<br>LEI: 3538007HFAF2NOCBUE44 | Long             | EC               | CORP              | JP        |     56200 | NS      | $2459253.12   | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Superloop Ltd.                                               | Superloop Ltd. NPV                                                        | CUSIP: Q8800A112<br>LEI: 529900A6RVCX545NWC88 | Long             | EC               | CORP              | AU        |   1158129 | NS      | $2001752.53   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Melrose Industries PLC                                       | Melrose Industries PLC ORD GBP0.001                                       | CUSIP: G5973J210<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |    373527 | NS      | $2962569.14   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Lottomatica Group SpA                                        | Lottomatica Group SpA NPV                                                 | CUSIP: T64384109<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |    185491 | NS      | $4867656.35   | 0.41%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Apr Co. Ltd.                                                 | Apr Co. Ltd. KRW100                                                       | CUSIP: Y0R9CJ118<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     10109 | NS      | $1615041.60   | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Genus PLC                                                    | Genus PLC ORD GBP0.10                                                     | CUSIP: G3827X105<br>LEI: 54930022EOITNKSIGH56 | Long             | EC               | CORP              | GB        |     55420 | NS      | $1938553.15   | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Babcock International Group PLC                              | Babcock International Group PLC ORD GBP0.60                               | CUSIP: G0689Q152<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |    223582 | NS      | $3746120.95   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Piraeus Bank SA                                              | Piraeus Bank SA EUR0.93                                                   | CUSIP: X5S2FJ101<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | EC               | CORP              | GR        |    418268 | NS      | $3339581.23   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Lifedrink Co Inc                                             | Lifedrink Co Inc NPV                                                      | CUSIP: J38829107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    110200 | NS      | $1222603.65   | 0.10%             |  |  |  | No            | 2                  | On Loan: —       |
| Prio SA                                                      | Prio SA COM NPV                                                           | CUSIP: P7S19Q109<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     62922 | NS      | $473532.08    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   2990009 | NS      | $2990008.63   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -661052 | NC      | $14131.23     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -629656 | NC      | $13124.53     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -796167 | NC      | $17890.60     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -624887 | NC      | $16929.16     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -563027 | NC      | $11690.44     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -505050 | NC      | $10538.98     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -533137 | NC      | $12052.27     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -1710197 | NC      | $65208.95     | 0.01%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -749685 | NC      | $18148.27     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -840309 | NC      | $11271.34     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -650680 | NC      | $9442.64      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -484715 | NC      | $6141.41      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -682147 | NC      | $9038.97      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -642079 | NC      | $7887.94      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -1008366 | NC      | $10003.18     | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -215650 | NC      | $2596.18      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -285938 | NC      | $4576.34      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -321643 | NC      | $5186.20      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -218691 | NC      | $3726.51      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -397963 | NC      | $7429.17      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -283018 | NC      | $2069.17      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -52891393 | NC      | $-193534.86   | -0.02%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5718346 | NC      | $-19767.15    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -4865860 | NC      | $-20223.04    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5139280 | NC      | $-21480.21    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5641832 | NC      | $-17343.09    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -8211741 | NC      | $-24267.66    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5708574 | NC      | $-16545.60    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5475996 | NC      | $-13321.79    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -3377322 | NC      | $-13849.12    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -3486969 | NC      | $-12725.02    | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -3722140 | NC      | $-9302.14     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| CONSTELLATION SOFTWARE IN                                    | CONSTELLATION SOFTWARE IN                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |       307 | NC      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Fidelity Investments-Money Market Funds-Government Portfolio | FIDELITY GOVERNMENT  #2642                                                | CUSIP: 31607A703<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  15656682 | NS      | $15656682.13  | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Rushydro Public Joint Stock Co.                              | Rushydro Public Joint Stock Co. RUB1(RUB)                                 | CUSIP: X2393H107<br>LEI: 2534005TJN9DX4YWVT97 | N/A              | EC               | CORP              | RU        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: —       |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Clearwater Investment Trust

**Signature:** Jason Mitchell

**Name of Signer:** Jason Mitchell

**Title:** CCO