# EDGAR Filing Document

**Accession Number:** 0001131042
**File Stem:** 0000894189-26-006847
**Filing Date:** 2026-2
**Character Count:** 225800
**Document Hash:** ff2cd79ce84f382de91246a1777467b7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-006847.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000894189-26-006847

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GPS Funds I
- **CENTRAL INDEX KEY:** 0001131042

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10267
- **FILM NUMBER:** 26696391

**BUSINESS ADDRESS:**
- **STREET 1:** 1655 GRANT STREET
- **STREET 2:** 10TH FLOOR
- **CITY:** CONCORD
- **STATE:** CA
- **ZIP:** 94520
- **BUSINESS PHONE:** 800-664-5345

**MAIL ADDRESS:**
- **STREET 1:** 1655 GRANT STREET
- **STREET 2:** 10TH FLOOR
- **CITY:** CONCORD
- **STATE:** CA
- **ZIP:** 94520

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASSETMARK FUNDS
- **DATE OF NAME CHANGE:** 20010102

## Series and Classes Contracts Data

### GuideMark(R) Emerging Markets Fund (Series ID: S000006183)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000017031 | Service Shares | GMLVX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **GuideMark Emerging Markets Fund** | **GuideMark Emerging Markets Fund** | **GuideMark Emerging Markets Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 94.4%** | **Shares** | **Value**  |
| **Australia - 0.2%** | **Australia - 0.2%** | |
| MMG Ltd. <sup>(a)</sup> | 98117 | $110859 |
| **Bermuda - 0.2%** | **Bermuda - 0.2%** |  |
| Orient Overseas International Ltd. | 6702 | 108064 |
| **Brazil - 2.5%** | **Brazil - 2.5%** |  |
| Ambev SA | 46035 | 115877 |
| Banco Bradesco SA | 7467 | 21127 |
| Banco BTG Pactual SA | 3937 | 37716 |
| Banco do Brasil SA | 7505 | 29955 |
| BB Seguridade Participacoes SA | 20744 | 137028 |
| Caixa Seguridade Participacoes S/A | 4130 | 12512 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 4907 | 118132 |
| CPFL Energia SA | 6099 | 59272 |
| JBS NV - Class A <sup>(a)</sup> | 6501 | 93744 |
| MBRF Global Foods Co. SA | 6485 | 23592 |
| NU Holdings Ltd. - Class A <sup>(a)(b)</sup> | 6049 | 101260 |
| Petroleo Brasileiro SA - Petrobras | 15748 | 93494 |
| Porto Seguro SA | 13585 | 119653 |
| Telefonica Brasil SA | 32018 | 191700 |
| TIM SA | 34142 | 132504 |
| TOTVS SA | 13624 | 104119 |
| Ultrapar Participacoes SA | 5596 | 21131 |
|  |  | 1412816 |
| **Canada - 0.1%** | **Canada - 0.1%** |  |
| China Gold International Resources Corp. Ltd. | 3831 | 77278 |
| **Cayman Islands - 0.2%** | **Cayman Islands - 0.2%** |  |
| Chow Tai Fook Jewellery Group Ltd. | 83238 | 132985 |
| **Chile - 2.0%** | **Chile - 2.0%** |  |
| Banco de Chile | 729253 | 140857 |
| Banco de Credito e Inversiones SA | 1460 | 94567 |
| Banco Santander Chile | 1941850 | 153192 |
| Cencosud SA | 94178 | 302374 |
| Falabella SA | 34428 | 240160 |
| Latam Airlines Group SA | 8312937 | 225048 |
|  |  | 1156198 |
| **China - 23.7%** | **China - 23.7%** |  |
| 37 Interactive Entertainment Network Technology Group Co. Ltd. - Class A | 24292 | 82071 |
| 3SBio, Inc. <sup>(c)</sup> | 33926 | 105341 |
| AAC Technologies Holdings, Inc. | 8738 | 43805 |
| Agricultural Bank of China Ltd. - Class A | 65990 | 72523 |
| Agricultural Bank of China Ltd. - Class H | 263791 | 196241 |
| Aluminum Corp. of China Ltd. - Class A | 15984 | 27892 |
| Aluminum Corp. of China Ltd. - Class H | 142350 | 222842 |
| Anker Innovations Technology Co. Ltd. - Class A | 7307 | 119630 |
| ANTA Sports Products Ltd. | 10011 | 103960 |
| Bank of Changsha Co. Ltd. - Class A | 24055 | 33396 |
| Bank of Chengdu Co. Ltd. - Class A | 29100 | 67119 |
| Bank of China Ltd. - Class H | 450197 | 258110 |
| Bank of Communications Co. Ltd. - Class H | 12430 | 10317 |
| Bank of Hangzhou Co. Ltd. - Class A | 12500 | 27326 |
| Bank of Nanjing Co. Ltd. - Class A | 26580 | 43484 |
| Bank of Ningbo Co. Ltd. - Class A | 2858 | 11487 |
| Bank of Shanghai Co. Ltd. | 12907 | 18655 |
| Bilibili, Inc. - Class Z <sup>(a)</sup> | 2795 | 68984 |
| BYD Co. Ltd. - Class H | 2060 | 25175 |
| China CITIC Bank Corp. Ltd. - Class H | 140742 | 125593 |
| China CITIC Financial Asset Management Co. Ltd. - Class H <sup>(a)(c)</sup> | 1035297 | 110484 |
| China Construction Bank Corp. - Class H | 612816 | 606572 |
| China Hongqiao Group Ltd. | 79603 | 334311 |
| China Life Insurance Co. Ltd. - Class H | 80508 | 284590 |
| China Mengniu Dairy Co. Ltd. | 72120 | 138438 |
| China Merchants Bank Co. Ltd. - Class H | 10938 | 74410 |
| China Nonferrous Mining Corp. Ltd. | 62052 | 117726 |
| China Oilfield Services Ltd. - Class H | 47996 | 43129 |
| China Pacific Insurance Group Co. Ltd. - Class A | 18741 | 112476 |
| China Pacific Insurance Group Co. Ltd. - Class H | 46240 | 209698 |
| China Tower Corp. Ltd. <sup>(c)</sup> | 81218 | 120743 |
| CITIC Ltd. | 27384 | 42558 |
| CMOC Group Ltd. - Class A | 21300 | 60973 |
| CMOC Group Ltd. - Class H | 44447 | 110430 |
| COSCO SHIPPING Holdings Co. Ltd. - Class A | 15887 | 34503 |
| COSCO SHIPPING Holdings Co. Ltd. - Class H | 39115 | 69059 |
| CSPC Pharmaceutical Group Ltd. | 160737 | 174407 |
| Ecovacs Robotics Co. Ltd. - Class A | 16200 | 187279 |
| Eoptolink Technology, Inc. Ltd. | 900 | 55144 |
| Haier Smart Home Co. Ltd. - Class H | 6176 | 19286 |
| Hansoh Pharmaceutical Group Co. Ltd. <sup>(c)</sup> | 15434 | 71511 |
| Industrial & Commercial Bank of China Ltd. - Class H | 340194 | 275287 |
| Industrial Bank Co. Ltd. - Class A | 4034 | 12159 |
| Innovent Biologics, Inc. <sup>(a)(c)</sup> | 6506 | 63672 |
| J&T Global Express Ltd. <sup>(a)</sup> | 18236 | 24546 |
| JD Health International, Inc. <sup>(a)(c)</sup> | 6715 | 48091 |
| JD Logistics, Inc. <sup>(a)(c)</sup> | 87235 | 128349 |
| JD.com, Inc. - Class A | 18057 | 259646 |
| Kanzhun Ltd. - ADR | 2812 | 57309 |
| Kingdee International Software Group Co. Ltd. <sup>(a)</sup> | 21727 | 37248 |
| Kingnet Network Co. Ltd. | 11900 | 37278 |
| Kingsoft Corp. Ltd. | 8987 | 32970 |
| Kuaishou Technology <sup>(c)</sup> | 32405 | 267873 |
| Laopu Gold Co. Ltd. - Class H | 369 | 29491 |
| Lenovo Group Ltd. | 70579 | 83932 |
| Li Ning Co. Ltd. | 48074 | 115513 |
| Meitu, Inc. <sup>(c)</sup> | 48011 | 43231 |
| Meituan - Class B <sup>(a)(c)</sup> | 29315 | 388488 |
| NetEase, Inc. | 14708 | 404841 |
| New China Life Insurance Co. Ltd. - Class A | 17600 | 175603 |
| New China Life Insurance Co. Ltd. - Class H | 45123 | 316167 |
| New Oriental Education & Technology Group, Inc. | 17164 | 94285 |
| People's Insurance Co. Group of China Ltd. - Class A | 127472 | 163288 |
| People's Insurance Co. Group of China Ltd. - Class H | 291337 | 253083 |
| PetroChina Co. Ltd. - Class A | 89500 | 133266 |
| PetroChina Co. Ltd. - Class H | 326814 | 352273 |
| PICC Property & Casualty Co. Ltd. - Class H | 109707 | 230649 |
| Ping An Insurance Group Co. of China Ltd. - Class A | 3476 | 34051 |
| Ping An Insurance Group Co. of China Ltd. - Class H | 27447 | 230547 |
| Pop Mart International Group Ltd. <sup>(c)</sup> | 10117 | 244090 |
| Qfin Holdings, Inc. - ADR | 7506 | 144641 |
| Rockchip Electronics Co. Ltd. - Class A | 970 | 24775 |
| Seres Group Co. Ltd. - Class A | 5218 | 90216 |
| Shandong Weigao Group Medical Polymer Co. Ltd. - Class H | 66946 | 43165 |
| Shanghai Allist Pharmaceuticals Co. Ltd. - Class A | 5500 | 81995 |
| Sungrow Power Supply Co. Ltd. - Class A | 1000 | 24476 |
| Tencent Holdings Ltd. | 36364 | 2790702 |
| Tingyi Cayman Islands Holding Corp. | 72878 | 110494 |
| Tongcheng Travel Holdings Ltd. | 42484 | 122634 |
| Vipshop Holdings Ltd. - ADR | 12961 | 229280 |
| WuXi AppTec Co. Ltd. - Class H <sup>(c)</sup> | 2482 | 31473 |
| Wuxi Biologics Cayman, Inc. <sup>(a)(c)</sup> | 3888 | 15722 |
| Xiaomi Corp. - Class B <sup>(a)(c)</sup> | 96436 | 486696 |
| Yum China Holdings, Inc. | 540 | 25568 |
| Yunnan Aluminium Co. Ltd. - Class A | 6600 | 30986 |
| Yunnan Yuntianhua Co. Ltd. - Class A | 2021 | 9661 |
| Yunnan Yuntianhua Co. Ltd. - Class A | 4700 | 22467 |
| Zijin Mining Group Co. Ltd. - Class H | 9098 | 41655 |
|  |  | 13505510 |
| **Colombia - 0.5%** | **Colombia - 0.5%** |  |
| Grupo Cibest SA | 15244 | 272087 |
| **Czech Republic - 0.7%** | **Czech Republic - 0.7%** |  |
| CEZ AS | 1226 | 77161 |
| Komercni Banka AS | 2493 | 140554 |
| Moneta Money Bank AS <sup>(c)</sup> | 21920 | 205999 |
|  |  | 423714 |
| **Egypt - 0.6%** | **Egypt - 0.6%** |  |
| Commercial International Bank - Egypt (CIB) | 151422 | 326912 |
| **Hong Kong - 4.1%** | **Hong Kong - 4.1%** |  |
| Alibaba Group Holding Ltd. | 92643 | 1701015 |
| Bosideng International Holdings Ltd. | 152538 | 87523 |
| Far East Horizon Ltd. | 13084 | 13518 |
| Geely Automobile Holdings Ltd. | 95196 | 220177 |
| Sino Biopharmaceutical Ltd. | 345512 | 274902 |
| Want Want China Holdings, Ltd. | 105975 | 63182 |
|  |  | 2360317 |
| **Hungary - 1.1%** | **Hungary - 1.1%** |  |
| MOL Hungarian Oil & Gas PLC | 7214 | 64650 |
| OTP Bank Nyrt | 3932 | 421605 |
| Richter Gedeon Nyrt | 4153 | 125545 |
|  |  | 611800 |
| **India - 11.4%** | **India - 11.4%** |  |
| Aurobindo Pharma Ltd. | 3596 | 47333 |
| Axis Bank Ltd. | 5745 | 81237 |
| Bajaj Finance Ltd. | 4020 | 44208 |
| Bank of Baroda | 54300 | 178950 |
| Bharat Electronics Ltd. | 10354 | 46088 |
| Bharat Petroleum Corp. Ltd. | 25364 | 108500 |
| Bharti Airtel Ltd. | 14540 | 341275 |
| BSE Ltd. | 2218 | 65048 |
| Canara Bank | 170556 | 294148 |
| Cipla Ltd. | 4975 | 83619 |
| Coromandel International Ltd. | 3337 | 84207 |
| Dr Reddy's Laboratories Ltd. | 6150 | 86970 |
| Fortis Healthcare Ltd. | 2900 | 28522 |
| HCL Technologies Ltd. | 8681 | 156895 |
| HDFC Asset Management Co. Ltd. <sup>(c)</sup> | 978 | 29091 |
| HDFC Bank Ltd. | 50060 | 553008 |
| Hero MotoCorp Ltd. | 513 | 32964 |
| Hindalco Industries Ltd. | 10807 | 106657 |
| Hindustan Petroleum Corp. Ltd. | 11984 | 66614 |
| ICICI Bank Ltd. | 26570 | 397662 |
| Indian Oil Corp. Ltd. | 11856 | 21979 |
| Indus Towers Ltd. <sup>(a)</sup> | 29114 | 135780 |
| Infosys Ltd. | 14205 | 255816 |
| InterGlobe Aviation Ltd. <sup>(c)</sup> | 2520 | 142142 |
| Kotak Mahindra Bank Ltd. | 703 | 17245 |
| Larsen & Toubro Ltd. | 891 | 40494 |
| LTIMindtree Ltd. <sup>(c)</sup> | 309 | 20870 |
| Lupin Ltd. | 1842 | 43267 |
| Marico Ltd. | 3328 | 27780 |
| Mphasis Ltd. | 2884 | 89513 |
| MRF Ltd. | 13 | 22122 |
| Muthoot Finance Ltd. | 4646 | 197065 |
| Oil & Natural Gas Corp. Ltd. | 66358 | 177572 |
| Persistent Systems Ltd. | 1572 | 109748 |
| Petronet LNG Ltd. | 11793 | 37275 |
| Polycab India Ltd. | 753 | 63910 |
| Power Finance Corp. Ltd. | 53163 | 210498 |
| Punjab National Bank | 71777 | 98736 |
| REC Ltd. | 43653 | 173583 |
| Reliance Industries Ltd. | 13320 | 233082 |
| Samvardhana Motherson International Ltd. | 93367 | 124728 |
| Shree Cement Ltd. | 259 | 76620 |
| Shriram Finance Ltd. <sup>(a)</sup> | 17372 | 192788 |
| Solar Industries India Ltd. | 268 | 36543 |
| State Bank of India | 19070 | 208608 |
| Tata Consultancy Services Ltd. | 1095 | 39123 |
| Tata Motors Ltd. <sup>(a)</sup> | 0<br> <sup>(d)</sup>  | 0 |
| Tata Motors Passenger Vehicles Ltd. | 40145 | 164292 |
| Tata Steel Ltd. | 31850 | 63804 |
| Tech Mahindra Ltd. | 5345 | 94674 |
| Torrent Pharmaceuticals Ltd. | 710 | 30390 |
| UltraTech Cement Ltd. | 87 | 11416 |
| Union Bank of India Ltd. | 143819 | 246317 |
| UPL Ltd. | 20508 | 181605 |
| Vedanta Ltd. | 8446 | 56828 |
| Zydus Lifesciences Ltd. | 2071 | 21098 |
|  |  | 6500307 |
| **Indonesia - 0.4%** | **Indonesia - 0.4%** |  |
| Astra International Tbk PT | 68845 | 27631 |
| Indofood Sukses Makmur Tbk PT | 166561 | 67545 |
| Telkom Indonesia Persero Tbk PT | 335570 | 70213 |
| United Tractors Tbk PT | 44743 | 79107 |
|  |  | 244496 |
| **Ireland - 0.8%** | **Ireland - 0.8%** |  |
| PDD Holdings, Inc. - ADR <sup>(a)(b)</sup> | 4122 | 467394 |
| **Mexico - 3.1%** | **Mexico - 3.1%** |  |
| America Movil SAB de CV | 151931 | 156846 |
| Arca Continental SAB de CV | 6518 | 70401 |
| Cemex SAB de CV | 209488 | 240578 |
| Gruma SAB de CV - Class B | 4597 | 79020 |
| Grupo Aeroportuario del Centro Norte SAB de CV | 2468 | 33499 |
| Grupo Bimbo SAB de CV - Class A | 14517 | 47564 |
| Grupo Comercial Chedraui SAB de CV | 7076 | 48442 |
| Grupo Financiero Banorte SAB de CV | 29499 | 273309 |
| Grupo Mexico SAB de CV - Class B | 13354 | 126217 |
| Industrias Penoles SAB de CV <sup>(a)</sup> | 7764 | 407863 |
| Sigma Foods SAB de CV - Class A | 239784 | 209724 |
| Wal-Mart de Mexico SAB de CV | 16000 | 49766 |
|  |  | 1743229 |
| **Peru - 0.4%** | **Peru - 0.4%** |  |
| Credicorp Ltd. <sup>(b)</sup> | 737 | 211519 |
| **Poland - 2.7%** | **Poland - 2.7%** |  |
| Bank Polska Kasa Opieki SA | 4917 | 278900 |
| CCC SA <sup>(a)</sup> | 1228 | 40734 |
| Dino Polska SA <sup>(a)(c)</sup> | 10144 | 116466 |
| LPP SA | 11 | 63561 |
| mBank SA <sup>(a)</sup> | 442 | 130715 |
| ORLEN SA | 7904 | 211011 |
| PGE Polska Grupa Energetyczna SA <sup>(a)</sup> | 37923 | 92682 |
| Powszechna Kasa Oszczednosci Bank Polski SA | 13326 | 314520 |
| Powszechny Zaklad Ubezpieczen SA | 12597 | 233164 |
| Santander Bank Polska SA | 469 | 70898 |
|  |  | 1552651 |
| **Qatar - 0.8%** | **Qatar - 0.8%** |  |
| Commercial Bank PSQC | 31681 | 36545 |
| Ooredoo QPSC | 35088 | 125460 |
| Qatar Islamic Bank QPSC | 9928 | 65336 |
| Qatar National Bank QPSC | 42018 | 215341 |
|  |  | 442682 |
| **Russia - 0.0% <sup>(e)</sup>** | **Russia - 0.0% <sup>(e)</sup>** |  |
| Magnit PJSC <sup>(a)(f)</sup> | 1813 | 0 |
| PhosAgro PJSC - GDR <sup>(a)(f)</sup> | 33 | 0 |
| PhosAgro PJSC - GDR <sup>(a)(f)</sup> | 5197 | 0 |
| Polyus PJSC - GDR <sup>(a)(f)</sup> | 994 | 0 |
| Rosneft Oil Co. PJSC <sup>(a)(f)</sup> | 13382 | 0 |
| Sberbank of Russia PJSC <sup>(a)(f)</sup> | 120116 | 0 |
| VTB Bank PJSC <sup>(a)(f)</sup> | 25684 | 0 |
|  |  | 0 |
| **Singapore - 0.1%** | **Singapore - 0.1%** |  |
| Trip.com Group Ltd. | 920 | 65965 |
| **South Africa - 3.8%** | **South Africa - 3.8%** |  |
| Absa Group Ltd. | 9939 | 143647 |
| Bid Corp. Ltd. | 2981 | 75942 |
| Capitec Bank Holdings Ltd. | 66 | 16567 |
| Clicks Group Ltd. | 830 | 16913 |
| Discovery Ltd. | 943 | 12960 |
| FirstRand Ltd. | 22026 | 120702 |
| Gold Fields Ltd. | 5360 | 233709 |
| Harmony Gold Mining Co. Ltd. | 11173 | 224154 |
| MTN Group Ltd. | 33613 | 344120 |
| Nedbank Group Ltd. | 754 | 12123 |
| OUTsurance Group Ltd. | 12734 | 55104 |
| Pepkor Holdings Ltd. <sup>(c)</sup> | 129595 | 207046 |
| Sanlam Ltd. | 24345 | 144791 |
| Sasol Ltd. <sup>(a)</sup> | 14971 | 95522 |
| Shoprite Holdings Ltd. | 973 | 15875 |
| Standard Bank Group Ltd. | 12380 | 217151 |
| Vodacom Group Ltd. | 24568 | 209644 |
|  |  | 2145970 |
| **South Korea - 14.6%** | **South Korea - 14.6%** |  |
| Amorepacific Corp. | 865 | 71639 |
| APR Corp. | 176 | 28220 |
| Coway Co. Ltd. | 1727 | 103962 |
| DB Insurance Co. Ltd. | 1936 | 175797 |
| Doosan Bobcat, Inc. | 1480 | 59200 |
| Hana Financial Group, Inc. | 1840 | 120054 |
| Hanwha Aerospace Co. Ltd. | 17 | 11102 |
| HD Hyundai Co. Ltd. | 1444 | 189006 |
| HD Hyundai Electric Co. Ltd. | 317 | 170244 |
| HD Hyundai Marine Solution Co. Ltd. | 179 | 23985 |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | 619 | 174664 |
| Hyundai Glovis Co. Ltd. | 1378 | 172967 |
| Hyundai Mobis Co. Ltd. | 230 | 59681 |
| Hyundai Rotem Co. Ltd. | 872 | 113727 |
| Industrial Bank of Korea | 6411 | 93187 |
| KB Financial Group, Inc. | 2208 | 190075 |
| Kia Corp. | 2971 | 251862 |
| Korea Electric Power Corp. | 4222 | 138565 |
| Korea Investment Holdings Co. Ltd. | 2721 | 306372 |
| Krafton, Inc. <sup>(a)</sup> | 320 | 54524 |
| LG Display Co. Ltd. <sup>(a)</sup> | 13509 | 110990 |
| LG Electronics, Inc. | 2643 | 168645 |
| LG H&H Co. Ltd. | 381 | 68315 |
| LG Uplus Corp. | 40676 | 415640 |
| Meritz Financial Group, Inc. | 2408 | 188706 |
| Mirae Asset Securities Co. Ltd. | 7963 | 129172 |
| NH Investment & Securities Co. Ltd. | 2021 | 29599 |
| Samsung Electro-Mechanics Co. Ltd. | 453 | 80171 |
| Samsung Electronics Co. Ltd. | 27403 | 2296780 |
| Samsung Fire & Marine Insurance Co. Ltd. | 164 | 56503 |
| Samyang Foods Co. Ltd. | 12 | 10246 |
| Shinhan Financial Group Co. Ltd. | 1492 | 79449 |
| SK hynix, Inc. | 3814 | 1727277 |
| SK Telecom Co. Ltd. | 7091 | 263279 |
| Woori Financial Group, Inc. | 7595 | 147414 |
|  |  | 8281019 |
| **Taiwan - 16.6%** | **Taiwan - 16.6%** |  |
| Accton Technology Corp. | 2994 | 112985 |
| Alchip Technologies Ltd. | 239 | 26679 |
| Asustek Computer, Inc. | 4409 | 76640 |
| Bizlink Holding, Inc. | 846 | 40871 |
| Chroma ATE, Inc. | 1065 | 26341 |
| CTBC Financial Holding Co. Ltd. | 129841 | 207459 |
| Delta Electronics, Inc. | 11973 | 365224 |
| Elite Material Co. Ltd. | 790 | 41390 |
| Eva Airways Corp. | 57142 | 66446 |
| Evergreen Marine Corp. Taiwan Ltd. | 19270 | 116245 |
| Far EasTone Telecommunications Co. Ltd. | 7885 | 22142 |
| Feng TAY Enterprise Co. Ltd. | 8068 | 29879 |
| Fubon Financial Holding Co. Ltd. | 51747 | 158379 |
| Gold Circuit Electronics Ltd. | 1344 | 29358 |
| Hon Hai Precision Industry Co. Ltd. | 15264 | 111890 |
| International Games System Co. Ltd. | 1852 | 42492 |
| King Slide Works Co. Ltd. | 977 | 116663 |
| MediaTek, Inc. | 11421 | 518573 |
| Nien Made Enterprise Co. Ltd. | 2520 | 28944 |
| Realtek Semiconductor Corp. | 10632 | 165080 |
| Taiwan Mobile Co. Ltd. | 7015 | 24203 |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 140393 | 6901339 |
| Uni-President Enterprises Corp. | 55603 | 136335 |
| Zhen Ding Technology Holding Ltd. | 18957 | 85430 |
|  |  | 9450987 |
| **Thailand - 0.3%** | **Thailand - 0.3%** |  |
| Advanced Info Service PCL - NVDR | 7075 | 70255 |
| Delta Electronics Thailand PCL - NVDR | 6990 | 38148 |
| Gulf Development PCL <sup>(a)</sup> | 0<br> <sup>(d)</sup>  | 0<br> <sup>(d)</sup>  |
| Krung Thai Bank PCL - NVDR | 69808 | 62550 |
|  |  | 170953 |
| **Turkey - 0.8%** | **Turkey - 0.8%** |  |
| Akbank TAS | 87056 | 141246 |
| BIM Birlesik Magazalar AS | 8417 | 105075 |
| Turkcell Iletisim Hizmetleri AS | 57286 | 124038 |
| Turkiye Is Bankasi AS - Class C | 49195 | 16106 |
| Yapi ve Kredi Bankasi AS <sup>(a)</sup> | 110231 | 92819 |
|  |  | 479284 |
| **United Arab Emirates - 2.0%** | **United Arab Emirates - 2.0%** |  |
| Abu Dhabi Commercial Bank PJSC | 30887 | 120187 |
| Abu Dhabi Islamic Bank PJSC | 39356 | 222269 |
| Dubai Islamic Bank PJSC | 73648 | 185841 |
| Emaar Development PJSC | 17286 | 71279 |
| Emaar Properties PJSC | 44271 | 168962 |
| Emirates NBD Bank PJSC | 32478 | 246053 |
| First Abu Dhabi Bank PJSC | 25944 | 123176 |
|  |  | 1137767 |
| **United Kingdom - 0.4%** | **United Kingdom - 0.4%** |  |
| Anglogold Ashanti PLC | 2585 | 222620 |
| **United States - 0.3%** | **United States - 0.3%** |  |
| BeOne Medicines Ltd. <sup>(a)</sup> | 6177 | 142172 |
| **TOTAL COMMON STOCKS** (Cost $32,442,342) | **TOTAL COMMON STOCKS** (Cost $32,442,342) | 53757555 |
| **INVESTMENT COMPANIES - 3.2%** | **Shares** | **Value**  |
| **United States – 3.2%** | **United States – 3.2%** |  |
| iShares Core MSCI Emerging Markets ETF | 7760 | 521627 |
| iShares MSCI Saudi Arabia ETF <sup>(b)</sup> | 35828 | 1304498 |
| **TOTAL INVESTMENT COMPANIES** (Cost $1,620,230) | **TOTAL INVESTMENT COMPANIES** (Cost $1,620,230) | 1826125 |
| **PREFERRED STOCKS - 2.2%** | **Shares** | **Value**  |
| **Brazil - 1.1%** | **Brazil - 1.1%** |  |
|  Banco Bradesco SA - Preference Shares, 0.00% | 27313 | 89419 |
|  Itau Unibanco Holding SA - Preference Shares, 0.00% | 50479 | 360769 |
|  Itausa SA, 0.00% | 20291 | 43219 |
|  Petroleo Brasileiro SA - Petrobras, 0.00% | 20661 | 115979 |
|  |  | 609386 |
| **Colombia - 0.6%** | **Colombia - 0.6%** |  |
|  Grupo Cibest SA, 0.00% | 20400 | 324720 |
| **India - 0.0% <sup>(e)</sup>** | **India - 0.0% <sup>(e)</sup>** |  |
|  TVS Motor Co. Ltd., 0.00% <sup>(f)</sup> | 2608 | 0 |
| **South Korea - 0.5%** | **South Korea - 0.5%** |  |
|  Samsung Electronics Co. Ltd., 0.00% | 4965 | 308182 |
| **TOTAL PREFERRED STOCKS** (Cost $750,106) | **TOTAL PREFERRED STOCKS** (Cost $750,106) | 1242288 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.7%** | **Units** | **Value**  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.86% <sup>(g)</sup> | 2108790 | 2108790 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $2,108,790) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $2,108,790) | 2108790 |
| **MONEY MARKET FUNDS - 0.7%** | **Shares** | **Value**  |
| JPMorgan U.S. Government Money Market Fund - Class IM, 3.72% <sup>(g)</sup> | 407819 | 407819 |
| **TOTAL MONEY MARKET FUNDS** (Cost $407,819) | **TOTAL MONEY MARKET FUNDS** (Cost $407,819) | 407819 |
| **TOTAL INVESTMENTS - 104.2% (**Cost $37,329,287**)** | **TOTAL INVESTMENTS - 104.2% (**Cost $37,329,287**)** | 59342577 |
| Liabilities in Excess of Other Assets - (4.2)% | Liabilities in Excess of Other Assets - (4.2)% | (2413707) |
| **TOTAL NET ASSETS - 100.0%** |  | $56928870 |

---

---

| |
|:---|
| Percentages are stated as a percent of net assets. |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.<br>*For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or they may be defined by Fund management. This definition may not apply for purposes of this report, which may combine sub-classifications for reporting ease. Industries are shown as a percentage of net assets.* |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| GDR - Global Depositary Receipt |
| LLC - Limited Liability Company |
| NVDR - Non-Voting Depositary Receipt |
| PCL - Public Company Limited |
| PJSC - Public Joint Stock Company |
| PLC - Public Limited Company |

---

(a) Non-income producing security.

(b) All or a portion of this security is on loan as of December 31, 2025. The fair value of these securities was $2,063,520.

(c) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of December 31, 2025, the value of these securities total $2,847,378 or 5.0% of the Fund's net assets.

(d) Rounds to zero.

(e) Represents less than 0.05% of net assets.

(f) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or
 0.0% of net assets as of December 31, 2025.

(g) The rate shown represents the 7-day annualized yield as of December 31, 2025.

------

---

| |
|:---|
| **Sector Classification as of December 31, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| Financials | $15778522 | 27.8% |
| Information Technology | 14861128 | 26.1 |
| Communication Services | 6572808 | 11.4 |
| Consumer Discretionary | 6169681 | 10.9 |
| Materials | 3335423 | 5.8 |
| Consumer Staples | 2141060 | 3.6 |
| Industrials | 2017127 | 3.7 |
| Energy | 1926937 | 3.3 |
| Health Care | 1471104 | 2.7 |
| Utilities | 485812 | 0.9 |
| Real Estate | 240241 | 0.4 |
| Investment Companies | 1826125 | 3.2 |
| Investments Purchased with Proceeds from Securities Lending | 2108790 | 3.7 |
| Money Market Funds | 407819 | 0.7 |
| Liabilities in Excess of Other Assets | (2413707) | (4.2) |
|  | $**56928870** | 100.0<br> **%** |

---

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| The Funds have adopted authoritative fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs, if any, during the period. In addition, these standards require expanded disclosure for each major category of assets. These inputs are summarized in the three broad levels listed below: | The Funds have adopted authoritative fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs, if any, during the period. In addition, these standards require expanded disclosure for each major category of assets. These inputs are summarized in the three broad levels listed below: | The Funds have adopted authoritative fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs, if any, during the period. In addition, these standards require expanded disclosure for each major category of assets. These inputs are summarized in the three broad levels listed below: | The Funds have adopted authoritative fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs, if any, during the period. In addition, these standards require expanded disclosure for each major category of assets. These inputs are summarized in the three broad levels listed below: | The Funds have adopted authoritative fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs, if any, during the period. In addition, these standards require expanded disclosure for each major category of assets. These inputs are summarized in the three broad levels listed below: |
| Level 1 - Quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts). | Level 1 - Quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts). | Level 1 - Quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts). | Level 1 - Quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts). | Level 1 - Quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts). |
| Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). | Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). | Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). | Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). | Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). |
| Level 3 - Significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments). | Level 3 - Significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments). | Level 3 - Significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments). | Level 3 - Significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments). |  |
| During the period, certain securities and other instruments held by the Funds were categorized as Level 2 or Level 3 based upon the inputs and methodologies used to determine the fair value of the security or instrument. Descriptions of the inputs and valuation methodologies used to determine the fair values of each class of investments within Level 2 and Level 3 are set forth below. | During the period, certain securities and other instruments held by the Funds were categorized as Level 2 or Level 3 based upon the inputs and methodologies used to determine the fair value of the security or instrument. Descriptions of the inputs and valuation methodologies used to determine the fair values of each class of investments within Level 2 and Level 3 are set forth below. | During the period, certain securities and other instruments held by the Funds were categorized as Level 2 or Level 3 based upon the inputs and methodologies used to determine the fair value of the security or instrument. Descriptions of the inputs and valuation methodologies used to determine the fair values of each class of investments within Level 2 and Level 3 are set forth below. | During the period, certain securities and other instruments held by the Funds were categorized as Level 2 or Level 3 based upon the inputs and methodologies used to determine the fair value of the security or instrument. Descriptions of the inputs and valuation methodologies used to determine the fair values of each class of investments within Level 2 and Level 3 are set forth below. | During the period, certain securities and other instruments held by the Funds were categorized as Level 2 or Level 3 based upon the inputs and methodologies used to determine the fair value of the security or instrument. Descriptions of the inputs and valuation methodologies used to determine the fair values of each class of investments within Level 2 and Level 3 are set forth below. |
| <u>Level 2 Investments.</u> The Funds' investments that were categorized as Level 2 include: (1) certain fixed income securities, including asset-backed securities, collateralized mortgage obligations, corporate obligations, U.S. and foreign government obligations, mortgage-backed securities and municipal bonds; (2) certain foreign common stocks, preferred stocks, participatory notes, and real estate investment trusts; and (3) certain over-the-counter derivative instruments, including forward currency contracts, options written, and swaps. | <u>Level 2 Investments.</u> The Funds' investments that were categorized as Level 2 include: (1) certain fixed income securities, including asset-backed securities, collateralized mortgage obligations, corporate obligations, U.S. and foreign government obligations, mortgage-backed securities and municipal bonds; (2) certain foreign common stocks, preferred stocks, participatory notes, and real estate investment trusts; and (3) certain over-the-counter derivative instruments, including forward currency contracts, options written, and swaps. | <u>Level 2 Investments.</u> The Funds' investments that were categorized as Level 2 include: (1) certain fixed income securities, including asset-backed securities, collateralized mortgage obligations, corporate obligations, U.S. and foreign government obligations, mortgage-backed securities and municipal bonds; (2) certain foreign common stocks, preferred stocks, participatory notes, and real estate investment trusts; and (3) certain over-the-counter derivative instruments, including forward currency contracts, options written, and swaps. | <u>Level 2 Investments.</u> The Funds' investments that were categorized as Level 2 include: (1) certain fixed income securities, including asset-backed securities, collateralized mortgage obligations, corporate obligations, U.S. and foreign government obligations, mortgage-backed securities and municipal bonds; (2) certain foreign common stocks, preferred stocks, participatory notes, and real estate investment trusts; and (3) certain over-the-counter derivative instruments, including forward currency contracts, options written, and swaps. | <u>Level 2 Investments.</u> The Funds' investments that were categorized as Level 2 include: (1) certain fixed income securities, including asset-backed securities, collateralized mortgage obligations, corporate obligations, U.S. and foreign government obligations, mortgage-backed securities and municipal bonds; (2) certain foreign common stocks, preferred stocks, participatory notes, and real estate investment trusts; and (3) certain over-the-counter derivative instruments, including forward currency contracts, options written, and swaps. |
| Fixed income securities are normally valued by pricing vendors that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The service providers' internal models typically use inputs that are observable such as institutional-sized trading in similar groups of securities, yield, credit quality, coupon rate, maturity, type of issue, trading characteristics and other market data. | Fixed income securities are normally valued by pricing vendors that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The service providers' internal models typically use inputs that are observable such as institutional-sized trading in similar groups of securities, yield, credit quality, coupon rate, maturity, type of issue, trading characteristics and other market data. | Fixed income securities are normally valued by pricing vendors that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The service providers' internal models typically use inputs that are observable such as institutional-sized trading in similar groups of securities, yield, credit quality, coupon rate, maturity, type of issue, trading characteristics and other market data. | Fixed income securities are normally valued by pricing vendors that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The service providers' internal models typically use inputs that are observable such as institutional-sized trading in similar groups of securities, yield, credit quality, coupon rate, maturity, type of issue, trading characteristics and other market data. | Fixed income securities are normally valued by pricing vendors that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models. The service providers' internal models typically use inputs that are observable such as institutional-sized trading in similar groups of securities, yield, credit quality, coupon rate, maturity, type of issue, trading characteristics and other market data. |
| Certain common stocks that trade on foreign exchanges are subject to valuation adjustments. These valuation adjustments are applied to the foreign exchange-traded common stocks to account for the market movement between the close of the foreign market in which the security is traded and the close of the New York Stock Exchange. These securities are valued using pricing vendors that consider the correlation patterns of price movements of the foreign security to the intraday trading in the U.S. markets. | Certain common stocks that trade on foreign exchanges are subject to valuation adjustments. These valuation adjustments are applied to the foreign exchange-traded common stocks to account for the market movement between the close of the foreign market in which the security is traded and the close of the New York Stock Exchange. These securities are valued using pricing vendors that consider the correlation patterns of price movements of the foreign security to the intraday trading in the U.S. markets. | Certain common stocks that trade on foreign exchanges are subject to valuation adjustments. These valuation adjustments are applied to the foreign exchange-traded common stocks to account for the market movement between the close of the foreign market in which the security is traded and the close of the New York Stock Exchange. These securities are valued using pricing vendors that consider the correlation patterns of price movements of the foreign security to the intraday trading in the U.S. markets. | Certain common stocks that trade on foreign exchanges are subject to valuation adjustments. These valuation adjustments are applied to the foreign exchange-traded common stocks to account for the market movement between the close of the foreign market in which the security is traded and the close of the New York Stock Exchange. These securities are valued using pricing vendors that consider the correlation patterns of price movements of the foreign security to the intraday trading in the U.S. markets. | Certain common stocks that trade on foreign exchanges are subject to valuation adjustments. These valuation adjustments are applied to the foreign exchange-traded common stocks to account for the market movement between the close of the foreign market in which the security is traded and the close of the New York Stock Exchange. These securities are valued using pricing vendors that consider the correlation patterns of price movements of the foreign security to the intraday trading in the U.S. markets. |
| Forward currency contracts and swaps derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued using pricing vendors. Depending upon the instrument, its value may be provided by a pricing vendor using a series of techniques, including pricing models. The pricing models typically use inputs that are observed from active markets such as indices, spreads, interest rates, curves, dividends and exchange rates. | Forward currency contracts and swaps derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued using pricing vendors. Depending upon the instrument, its value may be provided by a pricing vendor using a series of techniques, including pricing models. The pricing models typically use inputs that are observed from active markets such as indices, spreads, interest rates, curves, dividends and exchange rates. | Forward currency contracts and swaps derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued using pricing vendors. Depending upon the instrument, its value may be provided by a pricing vendor using a series of techniques, including pricing models. The pricing models typically use inputs that are observed from active markets such as indices, spreads, interest rates, curves, dividends and exchange rates. | Forward currency contracts and swaps derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued using pricing vendors. Depending upon the instrument, its value may be provided by a pricing vendor using a series of techniques, including pricing models. The pricing models typically use inputs that are observed from active markets such as indices, spreads, interest rates, curves, dividends and exchange rates. | Forward currency contracts and swaps derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. These instruments are normally valued using pricing vendors. Depending upon the instrument, its value may be provided by a pricing vendor using a series of techniques, including pricing models. The pricing models typically use inputs that are observed from active markets such as indices, spreads, interest rates, curves, dividends and exchange rates. |
| <u>Level 3 Investments.</u> The Funds' investments that were categorized as Level 3 include: fair valued securities for which observable inputs are not available.. | <u>Level 3 Investments.</u> The Funds' investments that were categorized as Level 3 include: fair valued securities for which observable inputs are not available.. | <u>Level 3 Investments.</u> The Funds' investments that were categorized as Level 3 include: fair valued securities for which observable inputs are not available.. | <u>Level 3 Investments.</u> The Funds' investments that were categorized as Level 3 include: fair valued securities for which observable inputs are not available.. | <u>Level 3 Investments.</u> The Funds' investments that were categorized as Level 3 include: fair valued securities for which observable inputs are not available.. |
| Fair valued securities are normally valued by pricing vendors using relevant observable inputs, as described above. In certain circumstances, the types of observable inputs that are typically used by a pricing service may be unavailable or deemed by the pricing service to be unreliable. In these instances, the pricing vendor may value the security based upon significant unobservable inputs, or the pricing vendor may not provide a value for the security. To the extent that a pricing vendor does not provide a value for a particular security, or the pricing vendor provides a value that the Valuation Committee does not believe accurately reflects the value of the security, the security will be valued by the Valuation Committee based upon the information available to the Committee at the time of valuation and in accordance with procedures approved by the Board. These methodologies may require subjective judgments and determinations about the value of a particular security. When significant unobservable inputs are used to value a security, the security is categorized as Level 3. | Fair valued securities are normally valued by pricing vendors using relevant observable inputs, as described above. In certain circumstances, the types of observable inputs that are typically used by a pricing service may be unavailable or deemed by the pricing service to be unreliable. In these instances, the pricing vendor may value the security based upon significant unobservable inputs, or the pricing vendor may not provide a value for the security. To the extent that a pricing vendor does not provide a value for a particular security, or the pricing vendor provides a value that the Valuation Committee does not believe accurately reflects the value of the security, the security will be valued by the Valuation Committee based upon the information available to the Committee at the time of valuation and in accordance with procedures approved by the Board. These methodologies may require subjective judgments and determinations about the value of a particular security. When significant unobservable inputs are used to value a security, the security is categorized as Level 3. | Fair valued securities are normally valued by pricing vendors using relevant observable inputs, as described above. In certain circumstances, the types of observable inputs that are typically used by a pricing service may be unavailable or deemed by the pricing service to be unreliable. In these instances, the pricing vendor may value the security based upon significant unobservable inputs, or the pricing vendor may not provide a value for the security. To the extent that a pricing vendor does not provide a value for a particular security, or the pricing vendor provides a value that the Valuation Committee does not believe accurately reflects the value of the security, the security will be valued by the Valuation Committee based upon the information available to the Committee at the time of valuation and in accordance with procedures approved by the Board. These methodologies may require subjective judgments and determinations about the value of a particular security. When significant unobservable inputs are used to value a security, the security is categorized as Level 3. | Fair valued securities are normally valued by pricing vendors using relevant observable inputs, as described above. In certain circumstances, the types of observable inputs that are typically used by a pricing service may be unavailable or deemed by the pricing service to be unreliable. In these instances, the pricing vendor may value the security based upon significant unobservable inputs, or the pricing vendor may not provide a value for the security. To the extent that a pricing vendor does not provide a value for a particular security, or the pricing vendor provides a value that the Valuation Committee does not believe accurately reflects the value of the security, the security will be valued by the Valuation Committee based upon the information available to the Committee at the time of valuation and in accordance with procedures approved by the Board. These methodologies may require subjective judgments and determinations about the value of a particular security. When significant unobservable inputs are used to value a security, the security is categorized as Level 3. | Fair valued securities are normally valued by pricing vendors using relevant observable inputs, as described above. In certain circumstances, the types of observable inputs that are typically used by a pricing service may be unavailable or deemed by the pricing service to be unreliable. In these instances, the pricing vendor may value the security based upon significant unobservable inputs, or the pricing vendor may not provide a value for the security. To the extent that a pricing vendor does not provide a value for a particular security, or the pricing vendor provides a value that the Valuation Committee does not believe accurately reflects the value of the security, the security will be valued by the Valuation Committee based upon the information available to the Committee at the time of valuation and in accordance with procedures approved by the Board. These methodologies may require subjective judgments and determinations about the value of a particular security. When significant unobservable inputs are used to value a security, the security is categorized as Level 3. |
| To verify Level 3 unobservable inputs, the Valuation Committee uses a variety of techniques as appropriate to substantiate these valuation approaches including a regular review of key inputs and assumptions, transaction back-testing or disposition analysis and review of related market activity. | To verify Level 3 unobservable inputs, the Valuation Committee uses a variety of techniques as appropriate to substantiate these valuation approaches including a regular review of key inputs and assumptions, transaction back-testing or disposition analysis and review of related market activity. | To verify Level 3 unobservable inputs, the Valuation Committee uses a variety of techniques as appropriate to substantiate these valuation approaches including a regular review of key inputs and assumptions, transaction back-testing or disposition analysis and review of related market activity. | To verify Level 3 unobservable inputs, the Valuation Committee uses a variety of techniques as appropriate to substantiate these valuation approaches including a regular review of key inputs and assumptions, transaction back-testing or disposition analysis and review of related market activity. | To verify Level 3 unobservable inputs, the Valuation Committee uses a variety of techniques as appropriate to substantiate these valuation approaches including a regular review of key inputs and assumptions, transaction back-testing or disposition analysis and review of related market activity. |
| The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. | The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. | The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. | The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. |  |
| The following is a summary of the inputs used to value the Funds' net assets as of December 31, 2025: | The following is a summary of the inputs used to value the Funds' net assets as of December 31, 2025: | The following is a summary of the inputs used to value the Funds' net assets as of December 31, 2025: |  |  |
| **GuideMark Large Cap Core Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Common Stocks** | $**740917355** | $**-** | $**3538** | $**740920893** |
| **Investment Companies** | **20493354** | **-** | **-** | **20493354** |
| **Real Estate Investment Trusts** | **2137929** | **-** | **-** | **2137929** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **35651730** |
| **Money Market Funds** | **4336835** | **-** | **-** | **4336835** |
| **Total Investments in Securities** | $**767885473** | $**-** | $**3538** | $**803540741** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. |
| **<u>Description</u>** |  |  |  | **Common Stock** |
| Balance as of April 1, 2025 |  |  |  | $3538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchases |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales proceeds and paydowns |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Accreted discounts, net |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Actions |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Realized gain (loss) |  |  |  | - |
| Change in unrealized appreciation (depreciation) | Change in unrealized appreciation (depreciation) |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers into/(out of) Level 3 |  |  |  | - |
| **Balance as of December 31, 2025** |  |  |  | $**3538** |
| Change in unrealized appreciation (depreciation) during the | Change in unrealized appreciation (depreciation) during the |  |  |  |
| period for Level 3 investments held at December 31, 2025. | period for Level 3 investments held at December 31, 2025. |  |  | $**-** |
| Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. |
| **GuideMark Emerging Markets Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Common Stocks** |  |  |  |  |
| Australia | $- | $110859 | $- | $110859 |
| Bermuda | - | 108064 | - | 108064 |
| Brazil | 195004 | 1217812 | - | 1412816 |
| Canada | - | 77278 | - | 77278 |
| Cayman Islands | - | 132985 | - | 132985 |
| Chile | 381017 | 775181 | - | 1156198 |
| China | 522408 | 12983102 | - | 13505510 |
| Colombia | - | 272087 | - | 272087 |
| Czech Republic | - | 423714 | - | 423714 |
| Egypt | - | 326912 | - | 326912 |
| Hong Kong | 63182 | 2297135 | - | 2360317 |
| Hungary | - | 611800 | - | 611800 |
| India | - | 6500307 | - | 6500307 |
| Indonesia | - | 244496 | - | 244496 |
| Ireland | 467394 | - | - | 467394 |
| Mexico | 1743229 | - | - | 1743229 |
| Peru | 211519 | - | - | 211519 |
| Poland | - | 1552651 | - | 1552651 |
| Qatar | 251886 | 190796 | - | 442682 |
| Russia | - | - | 0 | - |
| Singapore | - | 65965 | - | 65965 |
| South Africa | 510564 | 1635406 | - | 2145970 |
| South Korea | 415640 | 7865379 | - | 8281019 |
| Taiwan | - | 9450987 | - | 9450987 |
| Thailand | - | 170953 | - | 170953 |
| Turkey | - | 479284 | - | 479284 |
| United Arab Emirates | - | 1137767 | - | 1137767 |
| United Kingdom | - | 222620 | - | 222620 |
| United States | - | 142172 | - | 142172 |
| **Total Common Stocks** | **4761843** | **48995712** | **0** | **53757555** |
| **Investment Companies** |  |  |  |  |
| United States | 1826125 | - | - | 1826125 |
| **Total Investment Companies** | **1826125** | **-** | **-** | **1826125** |
| **Preferred Stocks** |  |  |  |  |
| Brazil | - | 609386 | - | 609386 |
| Colombia | - | 324720 | **-** | 324720 |
| India | - | - | 0 | - |
| South Korea | - | 308182 | **-** | 308182 |
| **Total Preferred Stocks** | **-** | **1242288** | **0** | **1242288** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | - | **-** | **-** | **2108790** |
| **Money Market Funds** | **407819** | **-** | **-** | **407819** |
| **Total Investments in Securities** | $**6995787** | $**50238000** | $**0** | $**59342577** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |
| Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. |
| **<u>Description</u>** |  |  | **Common Stock** |  |
| Balance as of April 1, 2025 |  |  | $0 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchases |  |  | - |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales proceeds and paydowns |  |  | - |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Accreted discounts, net |  |  | - |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Actions |  |  | - |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Realized gain (loss) |  |  | - |  |
| Change in unrealized appreciation (depreciation) | Change in unrealized appreciation (depreciation) |  | - |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers into/(out of) Level 3 |  |  | - |  |
| **Balance as of December 31, 2025** |  |  | $**0** |  |
| Change in unrealized appreciation (depreciation) during the | Change in unrealized appreciation (depreciation) during the |  |  |  |
| period for Level 3 investments held at December 31, 2025. | period for Level 3 investments held at December 31, 2025. |  | $**-** |  |
| Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. |
| **GuideMark Small/Mid Cap Core Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Common Stocks** | $**90766569** | $**-** | $**4469** | $**90771038** |
| **Real Estate Investment Trusts** | **2575522** | **-** | **-** | **2575522** |
| **Investment Companies** | **2184564** | **-** | **-** | **2184564** |
| **Rights** | **-** | **-** | **15812** | **15812** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **3081939** |
| **Money Market Funds** | **843230** | **-** | **-** | **843230** |
| **Total Investments in Securities** | $**96369885** | $**-** | $**20281** | $**99472105** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |
| Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. |  |
| **<u>Description</u>** |  |  |  | **Common Stocks** |
| Balance as of April 1, 2025 |  |  |  | $5013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchases |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales proceeds and paydowns |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Accreted discounts, net |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Actions |  |  |  | 5553 |
| &nbsp;&nbsp;&nbsp;&nbsp; Realized gain (loss) |  |  |  | (31551) |
| Change in unrealized appreciation (depreciation) | Change in unrealized appreciation (depreciation) |  |  | 41267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers into/(out of) Level 3 |  |  |  | - |
| **Balance as of December 31, 2025** |  |  |  | $**20282** |
| Change in unrealized appreciation (depreciation) during the | Change in unrealized appreciation (depreciation) during the |  |  |  |
| period for Level 3 investments held at December 31, 2025. | period for Level 3 investments held at December 31, 2025. |  |  | $**10244** |
| Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. |
| **GuideMark World ex-US Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Common Stocks** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Australia | $- | $5850597 | $- | $5850597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Austria | - | 836008 | - | 836008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belgium | - | 1965108 | - | 1965108 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | 22133922 | - | - | 22133922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denmark | - | 3416932 | - | 3416932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Finland | - | 1913802 | - | 1913802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France | - | 11800355 | - | 11800355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Germany | - | 17338024 | - | 17338024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hong Kong | 76193 | 5441730 | - | 5517923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ireland | - | 852501 | - | 852501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Israel | 994472 | 3678051 | - | 4672523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Italy | - | 9412585 | - | 9412585 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan | 1353472 | 28667469 | - | 30020941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mexico | - | 1755743 | - | 1755743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netherlands | 120870 | 5979345 | - | 6100215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norway | - | 2471006 | - | 2471006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Poland | - | 405503 | - | 405503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portugal | - | 948681 | - | 948681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Singapore | 290604 | 1492173 | - | 1782777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spain | - | 9043569 | - | 9043569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sweden | 586517 | 4270496 | - | 4857013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Switzerland | - | 14008119 | - | 14008119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Kingdom | - | 18644830 | - | 18644830 |
| **Total Common Stocks** | **25556050** | **150192627** | **-** | **175748677** |
| **Investment Companies** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United States | 2435988 | - | - | 2435988 |
| **Total Investment Companies** | **2435988** | **-** | **-** | **2435988** |
| **Real Estate Investment Trusts** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;France | - | 200529 | - | 200529 |
| **Total Real Esate Investment Truts** | **-** | **200529** | **-** | **200529** |
| **Warrants** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada | - | - | 0 | 0 |
| **Total Warrants** | **-** | **-** | **0** | **0** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **1767516** |
| **Money Market Funds** | **888631** | **-** | **-** | **888631** |
| **Total Investments in Securities** | $**28880669** | $**150393156** | $**0** | $**181041341** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. | Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. |
| **Description** |  |  |  | **Warrants** |
| Balance as of April 1, 2025 |  |  |  | $0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Purchases |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Sales proceeds and paydowns |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Accreted discounts, net |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate Actions |  |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Realized gain (loss) |  |  |  | - |
| Change in unrealized appreciation (depreciation) | Change in unrealized appreciation (depreciation) |  |  | - |
| &nbsp;&nbsp;&nbsp;&nbsp; Transfers into/(out of) Level 3 |  |  |  | - |
| **Balance as of December 31, 2025** |  |  |  | $**0** |
| Change in unrealized appreciation (depreciation) during the | Change in unrealized appreciation (depreciation) during the |  |  |  |
| period for Level 3 investments held at December 31, 2025. | period for Level 3 investments held at December 31, 2025. |  |  | $**-** |
| Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. | Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets. |
| **GuideMark Core Fixed Income Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Fixed Income** |  |  |  |  |
| U.S. Treasury Securities | $- | $61718704 | $- | $61718704 |
| Mortgage Backed Securities | - | 47022763 | - | 47022763 |
| Corporate Obligations | - | 41729266 | - | 41729266 |
| Collateralized Mortgage Obligations | - | 20276658 | - | 20276658 |
| Asset Backed Securities | - | 11535923 | - | 11535923 |
| Foreign Government Debt Obligations | - | 2532459 | - | 2532459 |
| Municipal Bonds | - | 1469021 | - | 1469021 |
| **Total Fixed Income** | **-** | **186284794** | **-** | **186284794** |
| **Money Market Funds** | **842794** | **-** | **-** | **842794** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **542005** |
| **Total Investments in Securities** | $**842794** | $**186284794** | $**-** | $**187669593** |
| **Other Financial Instruments\*\*** |  |  |  |  |
| **Futures** | $**53239** | $**-** | $**-** | $**53239** |
| **Swaps** | **-** | **448922** | **-** | **448922** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| \*\*Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures and swaps. Futures and swaps are reflected as the unrealized appreciation (depreciation) on the instrument. | \*\*Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures and swaps. Futures and swaps are reflected as the unrealized appreciation (depreciation) on the instrument. | \*\*Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures and swaps. Futures and swaps are reflected as the unrealized appreciation (depreciation) on the instrument. | \*\*Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures and swaps. Futures and swaps are reflected as the unrealized appreciation (depreciation) on the instrument. | \*\*Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures and swaps. Futures and swaps are reflected as the unrealized appreciation (depreciation) on the instrument. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |
| **GuidePath Growth Allocation Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Investment Companies** | $**1477950538** | $**-** | $**-** | $**1477950538** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **91980970** |
| **Money Market Funds** | **15326870** | **-** | **-** | **15326870** |
| **Total Investments in Securities** | $**1493277408** | $**-** | $**-** | $**1585258378** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| **GuidePath Conservative Allocation Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Investment Companies** | $**574130783** | $**-** | $**-** | $**574130783** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **85752639** |
| **Money Market Funds** | **5917227** | **-** | **-** | **5917227** |
| **Total Investments in Securities** | $**580048010** | $**-** | $**-** | $**665800649** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| **GuidePath Tactical Allocation Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Common Stocks** | $**530230871** | $**-** | $**-** | $**530230871** |
| **Investment Companies** | **202713363** | **-** | **-** | **202713363** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **39538282** |
| **Money Market Funds** | **15166182** | **-** | **-** | **15166182** |
| **Total Investments in Securities** | $**748110416** | $**-** | $**-** | $**787648698** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| **GuidePath Absolute Return Allocation Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Investment Companies** | $**283812375** | $**-** | $**-** | $**283812375** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **19419618** |
| **Money Market Funds** | **7448148** | **-** | **-** | **7448148** |
| **Total Investments in Securities** | $**291260523** | $**-** | $**-** | $**310680141** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| **GuidePath Multi-Asset Income Allocation Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Investment Companies** | $**108283720** | $**-** | $**-** | $**108283720** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **18951260** |
| **Money Market Funds** | **1786054** | **-** | **-** | **1786054** |
| **Total Investments in Securities** | $**110069774** | $**-** | $**-** | $**129021034** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| **GuidePath Flexible Income Allocation Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Investment Companies** | $**368005234** | $**-** | $**-** | $**368005234** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **34382140** |
| **Money Market Funds** | **9601731** | **-** | **-** | **9601731** |
| **Total Investments in Securities** | $**377606965** | $**-** | $**-** | $**411989105** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| **GuidePath Managed Futures Strategy Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Certificates of Deposit** | $**-** | $**17007048** | $**-** | $**17007048** |
| **Money Market Funds** | **7038565** | **-** | **-** | **7038565** |
| **U.S. Treasury Bills** | **-** | **24943299** | **-** | **24943299** |
| **Total Investments in Securities** | $**7038565** | $**41950347** | $**-** | $**48988912** |
| **Other Financial Instruments\*** |  |  |  |  |
| **Futures** | $**1294409** | $**-** | $**-** | $**1294409** |
| **Forward Currency Contracts** | $**-** | $**90998** | $**-** | $**90998** |
| \*Other financial instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures and forward currency contracts. Futures and forward currency contracts are reflected as the unrealized appreciation (depreciation) on the instrument. | \*Other financial instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures and forward currency contracts. Futures and forward currency contracts are reflected as the unrealized appreciation (depreciation) on the instrument. | \*Other financial instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures and forward currency contracts. Futures and forward currency contracts are reflected as the unrealized appreciation (depreciation) on the instrument. | \*Other financial instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures and forward currency contracts. Futures and forward currency contracts are reflected as the unrealized appreciation (depreciation) on the instrument. | \*Other financial instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures and forward currency contracts. Futures and forward currency contracts are reflected as the unrealized appreciation (depreciation) on the instrument. |
| For further information regarding security characteristics, see the Consolidated Schedule of Investments. | For further information regarding security characteristics, see the Consolidated Schedule of Investments. | For further information regarding security characteristics, see the Consolidated Schedule of Investments. |  |  |
| **GuidePath Conservative Income Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Investment Companies** | $**8858328** | $**-** | $**-** | $**8858328** |
| **U.S. Treasury Securities** | **-** | **2463732** | **-** | **2463732** |
| **Money Market Funds** | **9046669** | **-** | **-** | **9046669** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **1316703** |
| **Total Investments in Securities** | $**17904997** | $**2463732** | $**-** | $**21685432** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| **GuidePath Income Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Investment Companies** | $**91885686** | $**-** | $**-** | $**91885686** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **27040423** |
| **Money Market Funds** | **2901558** | **-** | **-** | **2901558** |
| **Total Investments in Securities** | $**94787244** | $**-** | $**-** | $**121827667** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |
| **GuidePath Growth & Income Fund** |  |  |  |  |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Common Stocks** | $**61479148** | $**-** | $**-** | $**61479148** |
| **Investment Companies** | **60162809** | **-** | **-** | **60162809** |
| **Investments Purchased with Proceeds from Securities Lending Collateral\*** | **-** | **-** | **-** | **30544128** |
| **Money Market Funds** | **2488151** | **-** | **-** | **2488151** |
| **Total Investments in Securities** | $**124130108** | $**-** | $**-** | $**154674236** |
| \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. | \* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |  |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| 8. Transactions with Affiliates |  |  |  |  |
| The GuidePath<sup>®</sup> Absolute Return Allocation Fund owned 5% or more of the voting securities of the following company during the period ended December 31, 2025. As a result, this company is deemed to be an affiliated company. The below table represents fair value: | The GuidePath<sup>®</sup> Absolute Return Allocation Fund owned 5% or more of the voting securities of the following company during the period ended December 31, 2025. As a result, this company is deemed to be an affiliated company. The below table represents fair value: | The GuidePath<sup>®</sup> Absolute Return Allocation Fund owned 5% or more of the voting securities of the following company during the period ended December 31, 2025. As a result, this company is deemed to be an affiliated company. The below table represents fair value: | The GuidePath<sup>®</sup> Absolute Return Allocation Fund owned 5% or more of the voting securities of the following company during the period ended December 31, 2025. As a result, this company is deemed to be an affiliated company. The below table represents fair value: | The GuidePath<sup>®</sup> Absolute Return Allocation Fund owned 5% or more of the voting securities of the following company during the period ended December 31, 2025. As a result, this company is deemed to be an affiliated company. The below table represents fair value: |
| **Issuer** | **Value as of April 1, 2025** | **Purchases** | **Sales** | **Realized Gain (Loss)** |
| AltShares Merger Arbitrage ETF | $- | $7618829 | $472610 | $(1986) |
| First Trust Alternative Absolute Return Strategy ETF | $- | $31100749 | $20791335 | $(145025) |
|  | $- | $38719578 | $21263945 | $(147011) |
| **Issuer** | **Change in Unrealized Appreciation (Depreciation)** | **Dividend Income** | **Fair Value as of**<br> **December 31, 2025** | **Share Balance as of**<br> **December 31, 2025** |
| AltShares Merger Arbitrage ETF | $(8856) | $31541 | $7135377 | 245455 |
| First Trust Alternative Absolute Return Strategy ETF | $(958845) | $827209 | $9205544 | 339688 |
|  | $(967701) | $858750 | $16340921 | 585143 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GPS Funds I

- **b. Investment Company Act file number:** 811-10267

- **c. CIK number of Registrant:** 0001131042

- **d. LEI of Registrant:** 549300C07FJ85ION4I28

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

  - **Street Address 1:** 1655 Grant Street

  - **City:** Concord

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94520

  - **Telephone number:** 800-664-5345

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

- **a. Name of Series:** GuideMark Emerging Markets Fund

- **b. EDGAR series identifier (if any):** S000006183

- **c. LEI of Series:** 549300W867OHK6SP4K79

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $59467927.90

**Total Liabilities:** $2546229.70

**Net Assets:** $56921698.20

**Cash Not Reported:** $26656.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017031 | 3.57%                | -1.47%               | 2.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $45981.81                | $2062173.91                                |
| Month 2  | $703503.51               | $-1580593.84                               |
| Month 3  | $5016.26                 | $1490706.74                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Latam Airlines Group SA                   | Latam Airlines Group SA                                      | CUSIP: N/A<br>LEI: 549300HX3UUDPEFTG707       | Long             | EC               | CORP              | CL        |   8312937 | NS      | $225048.27    | 0.40%             |  |  |  | No            | 2                  | On Loan: No      |
| Mphasis Ltd                               | Mphasis Ltd                                                  | CUSIP: N/A<br>LEI: 335800NSYTIQLQKUYP62       | Long             | EC               | CORP              | IN        |      2884 | NS      | $89513.54     | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| MRF Ltd                                   | MRF Ltd                                                      | CUSIP: N/A<br>LEI: 335800EQP78LTJ76DZ82       | Long             | EC               | CORP              | IN        |        13 | NS      | $22121.91     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Lenovo Group Ltd                          | Lenovo Group Ltd                                             | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | CN        |     70579 | NS      | $83932.23     | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| MTN Group Ltd                             | MTN Group Ltd                                                | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |     33613 | NS      | $344119.77    | 0.60%             |  |  |  | No            | 2                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   2108790 | NS      | $2108790.00   | 3.70%             |  |  |  | No            | N/A                | On Loan: No      |
| Larsen & Toubro Ltd                       | Larsen & Toubro Ltd                                          | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               | CORP              | IN        |       891 | NS      | $40494.29     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| LG Display Co Ltd                         | LG Display Co Ltd                                            | CUSIP: N/A<br>LEI: 988400P37K91W0SABO95       | Long             | EC               | CORP              | KR        |     13509 | NS      | $110990.49    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Absa Group Ltd                            | Absa Group Ltd                                               | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |      9939 | NS      | $143647.11    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Financiero Banorte SAB d            | Grupo Financiero Banorte SAB de CV                           | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     29499 | NS      | $273309.07    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Industrias Penoles SAB de CV              | Industrias Penoles SAB de CV                                 | CUSIP: P55409141<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |      7764 | NS      | $407862.76    | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Kotak Mahindra Bank Ltd                   | Kotak Mahindra Bank Ltd                                      | CUSIP: N/A<br>LEI: 335800E6GTTXKHXE2I75       | Long             | EC               | CORP              | IN        |       703 | NS      | $17244.91     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| CSPC Pharmaceutical Group Ltd             | CSPC Pharmaceutical Group Ltd                                | CUSIP: N/A<br>LEI: 529900M3XQCW234H8O91       | Long             | EC               | CORP              | CN        |    160737 | NS      | $174406.47    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Infosys Ltd                               | Infosys Ltd                                                  | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     14205 | NS      | $255816.18    | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| Elite Material Co Ltd                     | Elite Material Co Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       790 | NS      | $41389.63     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Feng TAY Enterprise Co Ltd                | Feng TAY Enterprise Co Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      8068 | NS      | $29879.19     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Krung Thai Bank PCL                       | Krung Thai Bank PCL                                          | CUSIP: N/A<br>LEI: 54930007ZQMYCRFQGE36       | Long             | EC               | CORP              | TH        |     69808 | NS      | $62549.74     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Far EasTone Telecommunications            | Far EasTone Telecommunications Co Ltd                        | CUSIP: N/A<br>LEI: 529900L7W7BWDLVZL253       | Long             | EC               | CORP              | TW        |      7885 | NS      | $22141.70     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Industrial Bank of Korea                  | Industrial Bank of Korea                                     | CUSIP: N/A<br>LEI: 988400RBIWE3YA18PK12       | Long             | EC               | CORP              | KR        |      6411 | NS      | $93187.21     | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| CTBC Financial Holding Co Ltd             | CTBC Financial Holding Co Ltd                                | CUSIP: N/A<br>LEI: 549300IWDYIFW6JXM387       | Long             | EC               | CORP              | TW        |    129841 | NS      | $207458.70    | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| Samyang Foods Co Ltd                      | Samyang Foods Co Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        12 | NS      | $10246.19     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| TINGYI                                    | Tingyi Cayman Islands Holding Corp                           | CUSIP: N/A<br>LEI: 5299009MPI9B60VN4P25       | Long             | EC               | CORP              | CN        |     72878 | NS      | $110493.82    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Santander Bank Polska SA                  | Santander Bank Polska SA                                     | CUSIP: N/A<br>LEI: 259400LGXW3K0GDAG361       | Long             | EC               | CORP              | PL        |       469 | NS      | $70897.66     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Petronet LNG Ltd                          | Petronet LNG Ltd                                             | CUSIP: N/A<br>LEI: 335800KIIKNA7GRD9351       | Long             | EC               | CORP              | IN        |     11793 | NS      | $37274.88     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Emaar Properties PJSC                     | Emaar Properties PJSC                                        | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |     44271 | NS      | $168962.22    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Communications Co Ltd             | Bank of Communications Co Ltd                                | CUSIP: N/A<br>LEI: 549300AX1UM10U30HK09       | Long             | EC               | CORP              | CN        |     12430 | NS      | $10317.44     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Sanlam Ltd                                | Sanlam Ltd                                                   | CUSIP: N/A<br>LEI: 37890014418406D9FC23       | Long             | EC               | CORP              | ZA        |     24345 | NS      | $144791.01    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Bank of China Ltd                         | Bank of China Ltd                                            | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |    450197 | NS      | $258110.32    | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| ANTA Sports Products Ltd                  | ANTA Sports Products Ltd                                     | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | CN        |     10011 | NS      | $103959.94    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| CPIC                                      | China Pacific Insurance Group Co Ltd                         | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |     46240 | NS      | $209697.85    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Comercial Chedraui SA de            | Grupo Comercial Chedraui SA de CV                            | CUSIP: P4612W104<br>LEI: 4469000001BRXSV0JO96 | Long             | EC               | CORP              | MX        |      7076 | NS      | $48442.55     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| PGE Polska Grupa Energetyczna             | PGE Polska Grupa Energetyczna SA                             | CUSIP: N/A<br>LEI: 259400MP9VXR0E69MJ89       | Long             | EC               | CORP              | PL        |     37923 | NS      | $92682.43     | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Rosneft Oil Co PJSC                       | Rosneft Oil Co PJSC                                          | CUSIP: N/A<br>LEI: 253400JT3MQWNDKMJE44       | Long             | EC               | CORP              | RU        |     13382 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| AAC Technologies Holdings Inc             | AAC Technologies Holdings Inc                                | CUSIP: N/A<br>LEI: 549300SKEDE1VKS0A552       | Long             | EC               | CORP              | CN        |      8738 | NS      | $43805.44     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Telkom Indonesia Persero Tbk P            | Telkom Indonesia Persero Tbk PT                              | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |    335570 | NS      | $70213.10     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| SANQI HUYU                                | 37 Interactive Entertainment Network Technology Group Co Ltd | CUSIP: N/A<br>LEI: 300300BE4IFCPHCUMI94       | Long             | EC               | CORP              | CN        |     24292 | NS      | $82070.93     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Ecovacs Robotics Co Ltd                   | Ecovacs Robotics Co Ltd                                      | CUSIP: N/A<br>LEI: 836800LJ92X4OLLS2612       | Long             | EC               | CORP              | CN        |     16200 | NS      | $187279.21    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Emaar Development PJSC                    | Emaar Development PJSC                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |     17286 | NS      | $71278.97     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Chengdu Co Ltd                    | Bank of Chengdu Co Ltd                                       | CUSIP: N/A<br>LEI: 30030030JPOKGL9K5418       | Long             | EC               | CORP              | CN        |     29100 | NS      | $67118.65     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Kuaishou Technology                       | Kuaishou Technology                                          | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | CN        |     32405 | NS      | $267873.05    | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| PhosAgro PJSC                             | PhosAgro PJSC                                                | CUSIP: 71922G407<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |        33 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| PhosAgro PJSC                             | PhosAgro PJSC                                                | CUSIP: 71922G308<br>LEI: 25340053KRUNNYUWF472 | Long             | EC               | CORP              | RU        |      5197 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Krafton Inc                               | Krafton Inc                                                  | CUSIP: N/A<br>LEI: 988400CE024EWSCICK17       | Long             | EC               | CORP              | KR        |       320 | NS      | $54524.07     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Tencent Holdings Ltd                      | Tencent Holdings Ltd                                         | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | CN        |     36364 | NS      | $2790702.07   | 4.90%             |  |  |  | No            | 2                  | On Loan: No      |
| TIM SA/Brazil                             | TIM SA/Brazil                                                | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |     34142 | NS      | $132503.96    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| APR Corp/Korea                            | APR Corp/Korea                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       176 | NS      | $28220.20     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Anker Innovations Technology C            | Anker Innovations Technology Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      7307 | NS      | $119630.41    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Industrial Bank Co Ltd                    | Industrial Bank Co Ltd                                       | CUSIP: N/A<br>LEI: 300300C1030935001303       | Long             | EC               | CORP              | CN        |      4034 | NS      | $12159.40     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Anglogold Ashanti Plc                     | Anglogold Ashanti Plc                                        | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |      2585 | NS      | $222619.71    | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Cibest SA                           | Grupo Cibest SA                                              | CUSIP: N/A<br>LEI: 529900OSSJBGZREZ2C28       | Long             | EP               | CORP              | CO        |     20400 | NS      | $324720.17    | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| 3SBio Inc                                 | 3SBio Inc                                                    | CUSIP: N/A<br>LEI: 529900P0TQC1E9Y7FN31       | Long             | EC               | CORP              | CN        |     33926 | NS      | $105341.47    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Zydus Lifesciences Ltd                    | Zydus Lifesciences Ltd                                       | CUSIP: N/A<br>LEI: 335800R9O14ORBXLPN13       | Long             | EC               | CORP              | IN        |      2071 | NS      | $21098.12     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Hangzhou Co Ltd                   | Bank of Hangzhou Co Ltd                                      | CUSIP: N/A<br>LEI: 300300C1092033000075       | Long             | EC               | CORP              | CN        |     12500 | NS      | $27326.18     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Credicorp Ltd                             | Credicorp Ltd                                                | CUSIP: N/A<br>LEI: 529900UYAEYQCQ2BKB17       | Long             | EC               | CORP              | PE        |       737 | NS      | $211519.00    | 0.37%             |  |  |  | No            | 1                  | On Loan: —       |
| Grupo Bimbo SAB de CV                     | Grupo Bimbo SAB de CV                                        | CUSIP: P4949B104<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |     14517 | NS      | $47563.68     | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Gruma SAB de CV                           | Gruma SAB de CV                                              | CUSIP: P4948K121<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |      4597 | NS      | $79020.15     | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Cemex SAB de CV                           | Cemex SAB de CV                                              | CUSIP: P2253T133<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |    209488 | NS      | $240578.19    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Itausa SA                                 | Itausa SA                                                    | CUSIP: P5887P427<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |     20291 | NS      | $43219.09     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Komercni Banka AS                         | Komercni Banka AS                                            | CUSIP: N/A<br>LEI: IYKCAVNFR8QGF00HV840       | Long             | EC               | CORP              | CZ        |      2493 | NS      | $140554.41    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares Core MSCI Emerging Mar            | iShares Core MSCI Emerging Markets ETF                       | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |      7760 | NS      | $521627.20    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares MSCI Saudi Arabia ETF             | iShares MSCI Saudi Arabia ETF                                | CUSIP: 46434V423<br>LEI: 5493004P512V6ELEIL59 | Long             | EC               | RF                | US        |     35828 | NS      | $1304497.48   | 2.29%             |  |  |  | No            | 1                  | On Loan: —       |
| JPMorgan US Government Money M            | JPMorgan US Government Money Market Fund                     | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |    395505 | NS      | $395505.36    | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Kanzhun Ltd                               | Kanzhun Ltd                                                  | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | CN        |      2812 | NS      | $57308.56     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| CEZ AS                                    | CEZ AS                                                       | CUSIP: N/A<br>LEI: 529900S5R9YHJHYKKG94       | Long             | EC               | CORP              | CZ        |      1226 | NS      | $77160.95     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Hindustan Petroleum Corp Ltd              | Hindustan Petroleum Corp Ltd                                 | CUSIP: N/A<br>LEI: 335800DWLXIP7HFFY564       | Long             | EC               | CORP              | IN        |     11984 | NS      | $66614.41     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Clicks Group Ltd                          | Clicks Group Ltd                                             | CUSIP: N/A<br>LEI: 378900E967958A677472       | Long             | EC               | CORP              | ZA        |       830 | NS      | $16912.47     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Gold Circuit Electronics Ltd              | Gold Circuit Electronics Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1344 | NS      | $29358.47     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Vedanta Ltd                               | Vedanta Ltd                                                  | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |      8446 | NS      | $56827.69     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Commercial Bank PSQC/The                  | Commercial Bank PSQC/The                                     | CUSIP: N/A<br>LEI: 2138004FUUD4I7X8H721       | Long             | EC               | CORP              | QA        |     31681 | NS      | $36544.96     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| DB Insurance Co Ltd                       | DB Insurance Co Ltd                                          | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |      1936 | NS      | $175796.75    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Coway Co Ltd                              | Coway Co Ltd                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1727 | NS      | $103961.67    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Discovery Ltd                             | Discovery Ltd                                                | CUSIP: N/A<br>LEI: 378900245A26169C8132       | Long             | EC               | CORP              | ZA        |       943 | NS      | $12959.42     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIC Ltd                                 | CITIC Ltd                                                    | CUSIP: N/A<br>LEI: 2549006I3Q3M98KHOT11       | Long             | EC               | CORP              | CN        |     27384 | NS      | $42558.00     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Chroma ATE Inc                            | Chroma ATE Inc                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1065 | NS      | $26341.15     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Commercial International Bank             | Commercial International Bank - Egypt (CIB)                  | CUSIP: N/A<br>LEI: 213800FIIXJAMEVRIH48       | Long             | EC               | CORP              | EG        |    151422 | NS      | $326912.48    | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| Indian Oil Corp Ltd                       | Indian Oil Corp Ltd                                          | CUSIP: N/A<br>LEI: 335800J8OBWE4VFUDG88       | Long             | EC               | CORP              | IN        |     11856 | NS      | $21979.49     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Delta Electronics Inc                     | Delta Electronics Inc                                        | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     11973 | NS      | $365223.93    | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| Gold Fields Ltd                           | Gold Fields Ltd                                              | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |      5360 | NS      | $233708.85    | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Indofood Sukses Makmur Tbk PT             | Indofood Sukses Makmur Tbk PT                                | CUSIP: N/A<br>LEI: 529900E61EV2GTYWZ485       | Long             | EC               | CORP              | ID        |    166561 | NS      | $67544.98     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Hero MotoCorp Ltd                         | Hero MotoCorp Ltd                                            | CUSIP: N/A<br>LEI: 335800Q49FBMZJTRLK49       | Long             | EC               | CORP              | IN        |       513 | NS      | $32963.95     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| KINGDEE INT'L                             | Kingdee International Software Group Co Ltd                  | CUSIP: N/A<br>LEI: 529900SWRZN94C5SZO63       | Long             | EC               | CORP              | CN        |     21727 | NS      | $37248.24     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Fubon Financial Holding Co Ltd            | Fubon Financial Holding Co Ltd                               | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476       | Long             | EC               | CORP              | TW        |     51747 | NS      | $158379.38    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Delta Electronics Thailand PCL            | Delta Electronics Thailand PCL                               | CUSIP: N/A<br>LEI: 529900JKLVG9Y2SVWL93       | Long             | EC               | CORP              | TH        |      6990 | NS      | $38147.92     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Aluminum Corp of China Ltd                | Aluminum Corp of China Ltd                                   | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |    142350 | NS      | $222842.16    | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| Hon Hai Precision Industry Co             | Hon Hai Precision Industry Co Ltd                            | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |     15264 | NS      | $111890.09    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Capitec Bank Holdings Ltd                 | Capitec Bank Holdings Ltd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |        66 | NS      | $16567.38     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyundai Mobis Co Ltd                      | Hyundai Mobis Co Ltd                                         | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |       230 | NS      | $59680.72     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Kia Corp                                  | Kia Corp                                                     | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      2971 | NS      | $251862.10    | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| Korea Electric Power Corp                 | Korea Electric Power Corp                                    | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602       | Long             | EC               | CORP              | KR        |      4222 | NS      | $138564.70    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Geely Automobile Holdings Ltd             | Geely Automobile Holdings Ltd                                | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | HK        |     95196 | NS      | $220176.62    | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| China Oilfield Services Ltd               | China Oilfield Services Ltd                                  | CUSIP: N/A<br>LEI: 529900J4X53VL8QQW675       | Long             | EC               | CORP              | CN        |     47996 | NS      | $43129.04     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| FirstRand Ltd                             | FirstRand Ltd                                                | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |     22026 | NS      | $120702.34    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| First Abu Dhabi Bank PJSC                 | First Abu Dhabi Bank PJSC                                    | CUSIP: N/A<br>LEI: 2138002Y3WMK6RZS8H90       | Long             | EC               | CORP              | AE        |     25944 | NS      | $123175.88    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Korea Investment Holdings Co L            | Korea Investment Holdings Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2721 | NS      | $306371.64    | 0.54%             |  |  |  | No            | 2                  | On Loan: No      |
| China Life Insurance Co Ltd               | China Life Insurance Co Ltd                                  | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |     80508 | NS      | $284590.39    | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| International Games System Co             | International Games System Co Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1852 | NS      | $42491.62     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Vipshop Holdings Ltd                      | Vipshop Holdings Ltd                                         | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | CN        |     12961 | NS      | $229280.09    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Cencosud SA                               | Cencosud SA                                                  | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |     94178 | NS      | $302373.56    | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| Cipla Ltd/India                           | Cipla Ltd/India                                              | CUSIP: N/A<br>LEI: 335800KMJJYEDDK82Q34       | Long             | EC               | CORP              | IN        |      4975 | NS      | $83618.82     | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| China Mengniu Dairy Co Ltd                | China Mengniu Dairy Co Ltd                                   | CUSIP: N/A<br>LEI: 2549005Q343BSJ8RSS21       | Long             | EC               | CORP              | CN        |     72120 | NS      | $138437.90    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| King Slide Works Co Ltd                   | King Slide Works Co Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       977 | NS      | $116663.16    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| CPFL Energia SA                           | CPFL Energia SA                                              | CUSIP: N/A<br>LEI: 529900GBWSBDXN8GGM28       | Long             | EC               | CORP              | BR        |      6099 | NS      | $59272.08     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Itau Unibanco Holding SA                  | Itau Unibanco Holding SA                                     | CUSIP: P5968U113<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |     50479 | NS      | $360768.79    | 0.63%             |  |  |  | No            | 2                  | On Loan: No      |
| CCC SA                                    | CCC SA                                                       | CUSIP: N/A<br>LEI: 259400NWPQ2HCSMZP970       | Long             | EC               | CORP              | PL        |      1228 | NS      | $40734.28     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd            | COSCO SHIPPING Holdings Co Ltd                               | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |     39115 | NS      | $69058.77     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Hindalco Industries Ltd                   | Hindalco Industries Ltd                                      | CUSIP: N/A<br>LEI: 335800KXLE5NO5B4GF90       | Long             | EC               | CORP              | IN        |     10807 | NS      | $106657.28    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| China Construction Bank Corp              | China Construction Bank Corp                                 | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |    612816 | NS      | $606572.01    | 1.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyundai Glovis Co Ltd                     | Hyundai Glovis Co Ltd                                        | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |      1378 | NS      | $172967.32    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Coromandel International Ltd              | Coromandel International Ltd                                 | CUSIP: N/A<br>LEI: 335800U73K3HJSQKT249       | Long             | EC               | CORP              | IN        |      3337 | NS      | $84206.61     | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Amorepacific Corp                         | Amorepacific Corp                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       865 | NS      | $71638.75     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| China Merchants Bank Co Ltd               | China Merchants Bank Co Ltd                                  | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |     10938 | NS      | $74410.09     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| ICBC                                      | Industrial & Commercial Bank of China Ltd                    | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |    340194 | NS      | $275287.00    | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Aeroportuario del Centro            | Grupo Aeroportuario del Centro Norte SAB de CV               | CUSIP: P49530101<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      2468 | NS      | $33498.74     | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| CMOC Group Ltd                            | CMOC Group Ltd                                               | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |     44447 | NS      | $110429.58    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| China CITIC Bank Corp Ltd                 | China CITIC Bank Corp Ltd                                    | CUSIP: N/A<br>LEI: 300300C1030211000384       | Long             | EC               | CORP              | CN        |    140742 | NS      | $125592.49    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Fortis Healthcare Ltd                     | Fortis Healthcare Ltd                                        | CUSIP: N/A<br>LEI: 3358001Q5ZJC4M83WH02       | Long             | EC               | CORP              | IN        |      2900 | NS      | $28522.07     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Cia de Saneamento Basico do Es            | Cia de Saneamento Basico do Estado de Sao Paulo SABESP       | CUSIP: N/A<br>LEI: 254900UOXRZRS2TNWP19       | Long             | EC               | CORP              | BR        |      4907 | NS      | $118132.31    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Kingsoft Corp Ltd                         | Kingsoft Corp Ltd                                            | CUSIP: G5264Y108<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | CN        |      8987 | NS      | $32969.70     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| KB Financial Group Inc                    | KB Financial Group Inc                                       | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |      2208 | NS      | $190074.99    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| China Hongqiao Group Ltd                  | China Hongqiao Group Ltd                                     | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | CN        |     79603 | NS      | $334310.65    | 0.59%             |  |  |  | No            | 2                  | On Loan: No      |
| CHOW TAI FOOK                             | Chow Tai Fook Jewellery Group Ltd                            | CUSIP: N/A<br>LEI: 254900VXRL7SRSF44G79       | Long             | EC               | CORP              | HK        |     83238 | NS      | $132985.40    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| VTB Bank PJSC                             | VTB Bank PJSC                                                | CUSIP: N/A<br>LEI: 253400V1H6ART1UQ0N98       | Long             | EC               | CORP              | RU        |     25684 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| CHINAGOLDINTL                             | China Gold International Resources Corp Ltd                  | CUSIP: 16890P103<br>LEI: 529900936ZPAXB0LZD87 | Long             | EC               | CORP              | CA        |      3831 | NS      | $77278.25     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Vodacom Group Ltd                         | Vodacom Group Ltd                                            | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |     24568 | NS      | $209643.97    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| China Nonferrous Mining Corp L            | China Nonferrous Mining Corp Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     62052 | NS      | $117726.16    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Indus Towers Ltd                          | Indus Towers Ltd                                             | CUSIP: N/A<br>LEI: 335800L6DI4VHODGDK41       | Long             | EC               | CORP              | IN        |     29114 | NS      | $135780.11    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Dino Polska SA                            | Dino Polska SA                                               | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |     10144 | NS      | $116465.84    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Kingnet Network Co Ltd                    | Kingnet Network Co Ltd                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     11900 | NS      | $37277.72     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Hyundai Rotem Co Ltd                      | Hyundai Rotem Co Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       872 | NS      | $113726.71    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Ambev SA                                  | Ambev SA                                                     | CUSIP: N/A<br>LEI: 549300TH5Q6VRP8OT012       | Long             | EC               | CORP              | BR        |     46035 | NS      | $115877.29    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Innovent Biologics Inc                    | Innovent Biologics Inc                                       | CUSIP: N/A<br>LEI: 25490058ONL9SCIE1R22       | Long             | EC               | CORP              | CN        |      6506 | NS      | $63672.32     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| HDFC Bank Ltd                             | HDFC Bank Ltd                                                | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |     50060 | NS      | $553007.57    | 0.97%             |  |  |  | No            | 2                  | On Loan: No      |
| JD.com Inc                                | JD.com Inc                                                   | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     18057 | NS      | $259645.91    | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| America Movil SAB de CV                   | America Movil SAB de CV                                      | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |    151931 | NS      | $156845.61    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| JD Health International Inc               | JD Health International Inc                                  | CUSIP: N/A<br>LEI: 254900OM3MAXYK8PCC84       | Long             | EC               | CORP              | CN        |      6715 | NS      | $48091.30     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| JD Logistics Inc                          | JD Logistics Inc                                             | CUSIP: G5074S101<br>LEI: 655600LWTFVMV3E2A890 | Long             | EC               | CORP              | CN        |     87235 | NS      | $128349.33    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| CPIC                                      | China Pacific Insurance Group Co Ltd                         | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |     18741 | NS      | $112476.23    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Aluminum Corp of China Ltd                | Aluminum Corp of China Ltd                                   | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |     15984 | NS      | $27891.76     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd            | COSCO SHIPPING Holdings Co Ltd                               | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |     15887 | NS      | $34502.86     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| CMOC Group Ltd                            | CMOC Group Ltd                                               | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |     21300 | NS      | $60973.44     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Cibest SA                           | Grupo Cibest SA                                              | CUSIP: N/A<br>LEI: 529900OSSJBGZREZ2C28       | Long             | EC               | CORP              | CO        |     15244 | NS      | $272087.20    | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| J&T Global Express Ltd                    | J&T Global Express Ltd                                       | CUSIP: N/A<br>LEI: 2549009MQXHGQY558V11       | Long             | EC               | CORP              | CN        |     18236 | NS      | $24545.80     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Canara Bank                               | Canara Bank                                                  | CUSIP: N/A<br>LEI: 335800E4RH82Z8XC3C30       | Long             | EC               | CORP              | IN        |    170556 | NS      | $294147.61    | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| ICICI Bank Ltd                            | ICICI Bank Ltd                                               | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |     26570 | NS      | $397662.07    | 0.70%             |  |  |  | No            | 2                  | On Loan: No      |
| China Tower Corp Ltd                      | China Tower Corp Ltd                                         | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |     81218 | NS      | $120742.58    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Wal-Mart de Mexico SAB de CV              | Wal-Mart de Mexico SAB de CV                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     16000 | NS      | $49765.93     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| CHINA CITIC FIN                           | China CITIC Financial Asset Management Co Ltd                | CUSIP: N/A<br>LEI: 300300D2000111000062       | Long             | EC               | CORP              | CN        |   1035297 | NS      | $110483.87    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Doosan Bobcat Inc                         | Doosan Bobcat Inc                                            | CUSIP: N/A<br>LEI: 9884007K6X0Q0112FX44       | Long             | EC               | CORP              | KR        |      1480 | NS      | $59199.82     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| InterGlobe Aviation Ltd                   | InterGlobe Aviation Ltd                                      | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19       | Long             | EC               | CORP              | IN        |      2520 | NS      | $142141.71    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| JBS NV                                    | JBS NV                                                       | CUSIP: N/A<br>LEI: 254900JSFON4WL81TW77       | Long             | EC               | CORP              | BR        |      6501 | NS      | $93744.42     | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| mBank SA                                  | mBank SA                                                     | CUSIP: N/A<br>LEI: 259400DZXF7UJKK2AY35       | Long             | EC               | CORP              | PL        |       442 | NS      | $130715.32    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| ORLEN SA                                  | ORLEN SA                                                     | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |      7904 | NS      | $211010.99    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC               | Abu Dhabi Islamic Bank PJSC                                  | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |     39356 | NS      | $222269.42    | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| Accton Technology Corp                    | Accton Technology Corp                                       | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |      2994 | NS      | $112984.58    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Oil & Natural Gas Corp Ltd                | Oil & Natural Gas Corp Ltd                                   | CUSIP: N/A<br>LEI: 335800FPDZ9MRSNO7N41       | Long             | EC               | CORP              | IN        |     66358 | NS      | $177572.03    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Lupin Ltd                                 | Lupin Ltd                                                    | CUSIP: N/A<br>LEI: 335800HHXTESDEE2FC65       | Long             | EC               | CORP              | IN        |      1842 | NS      | $43267.13     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Ooredoo QPSC                              | Ooredoo QPSC                                                 | CUSIP: N/A<br>LEI: 549300D3EIDZJB62TR20       | Long             | EC               | CORP              | QA        |     35088 | NS      | $125459.87    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Mirae Asset Securities Co Ltd             | Mirae Asset Securities Co Ltd                                | CUSIP: N/A<br>LEI: 98840072S6T63E2V1291       | Long             | EC               | CORP              | KR        |      7963 | NS      | $129172.53    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| LG Uplus Corp                             | LG Uplus Corp                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     40676 | NS      | $415640.36    | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| LG H&H Co Ltd                             | LG H&H Co Ltd                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       381 | NS      | $68314.78     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| MediaTek Inc                              | MediaTek Inc                                                 | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     11421 | NS      | $518572.69    | 0.91%             |  |  |  | No            | 2                  | On Loan: No      |
| Advanced Info Service PCL                 | Advanced Info Service PCL                                    | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |      7075 | NS      | $70255.55     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| LG Electronics Inc                        | LG Electronics Inc                                           | CUSIP: N/A<br>LEI: 988400RMQFTGZIOG0609       | Long             | EC               | CORP              | KR        |      2643 | NS      | $168645.21    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| NH Investment & Securities Co             | NH Investment & Securities Co Ltd                            | CUSIP: N/A<br>LEI: 549300LQ6NXDW1B8NT42       | Long             | EC               | CORP              | KR        |      2021 | NS      | $29598.77     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Abu Dhabi Commercial Bank PJSC            | Abu Dhabi Commercial Bank PJSC                               | CUSIP: N/A<br>LEI: 213800RWVKKIRX1AUH58       | Long             | EC               | CORP              | AE        |     30887 | NS      | $120186.48    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Nedbank Group Ltd                         | Nedbank Group Ltd                                            | CUSIP: N/A<br>LEI: 3789009E42FA3CB31065       | Long             | EC               | CORP              | ZA        |       754 | NS      | $12123.19     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| OOIL                                      | Orient Overseas International Ltd                            | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | HK        |      6702 | NS      | $108063.77    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| MMG Ltd                                   | MMG Ltd                                                      | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | AU        |     98117 | NS      | $110859.29    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| LPP SA                                    | LPP SA                                                       | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752       | Long             | EC               | CORP              | PL        |        11 | NS      | $63560.60     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| PDD Holdings Inc                          | PDD Holdings Inc                                             | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |      4122 | NS      | $467393.58    | 0.82%             |  |  |  | No            | 1                  | On Loan: —       |
| OTP Bank Nyrt                             | OTP Bank Nyrt                                                | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      3932 | NS      | $421605.48    | 0.74%             |  |  |  | No            | 2                  | On Loan: No      |
| Li Ning Co Ltd                            | Li Ning Co Ltd                                               | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | CN        |     48074 | NS      | $115513.14    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Akbank TAS                                | Akbank TAS                                                   | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               | CORP              | TR        |     87056 | NS      | $141245.72    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Marico Ltd                                | Marico Ltd                                                   | CUSIP: N/A<br>LEI: 3358003SFDQFGJPC5O84       | Long             | EC               | CORP              | IN        |      3328 | NS      | $27779.60     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Muthoot Finance Ltd                       | Muthoot Finance Ltd                                          | CUSIP: N/A<br>LEI: 335800HAMJMBFL4RRF02       | Long             | EC               | CORP              | IN        |      4646 | NS      | $197064.56    | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Alchip Technologies Ltd                   | Alchip Technologies Ltd                                      | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | TW        |       239 | NS      | $26678.49     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Meritz Financial Group Inc                | Meritz Financial Group Inc                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2408 | NS      | $188705.54    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| NCI                                       | New China Life Insurance Co Ltd                              | CUSIP: N/A<br>LEI: 300300F2001111000095       | Long             | EC               | CORP              | CN        |     45123 | NS      | $316167.02    | 0.56%             |  |  |  | No            | 2                  | On Loan: No      |
| Magnit PJSC                               | Magnit PJSC                                                  | CUSIP: N/A<br>LEI: 2534009KKPTVL99W2Y12       | Long             | EC               | CORP              | RU        |      1813 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Banco Santander Chile                     | Banco Santander Chile                                        | CUSIP: N/A<br>LEI: 3YJP8HORPAEXJ80D6368       | Long             | EC               | CORP              | CL        |   1941850 | NS      | $153191.99    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Sigma Foods SAB de CV                     | Sigma Foods SAB de CV                                        | CUSIP: N/A<br>LEI: 549300ZCGJ6T8YDJ4M34       | Long             | EC               | CORP              | MX        |    239784 | NS      | $209723.62    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Agricultural Bank of China Ltd            | Agricultural Bank of China Ltd                               | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |    263791 | NS      | $196240.48    | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| People's Insurance Co Group of            | People's Insurance Co Group of China Ltd/The                 | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |    291337 | NS      | $253083.31    | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco de Credito e Inversiones            | Banco de Credito e Inversiones SA                            | CUSIP: N/A<br>LEI: 549300E9E5Y3PKW24142       | Long             | EC               | CORP              | CL        |      1460 | NS      | $94566.82     | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco de Chile                            | Banco de Chile                                               | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |    729253 | NS      | $140857.45    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco do Brasil SA                        | Banco do Brasil SA                                           | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |      7505 | NS      | $29954.86     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Mexico SAB de CV                    | Grupo Mexico SAB de CV                                       | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |     13354 | NS      | $126216.90    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Moneta Money Bank AS                      | Moneta Money Bank AS                                         | CUSIP: N/A<br>LEI: I6USJ58BDV2BO5KP3C31       | Long             | EC               | CORP              | CZ        |     21920 | NS      | $205999.04    | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| MOL Hungarian Oil & Gas PLC               | MOL Hungarian Oil & Gas PLC                                  | CUSIP: N/A<br>LEI: 213800R83KX5FQFGXS67       | Long             | EC               | CORP              | HU        |      7214 | NS      | $64649.52     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| PETROBRAS                                 | Petroleo Brasileiro SA - Petrobras                           | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |     15748 | NS      | $93494.20     | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| PETROBRAS                                 | Petroleo Brasileiro SA - Petrobras                           | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |     20661 | NS      | $115979.66    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Falabella SA                              | Falabella SA                                                 | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |     34428 | NS      | $240159.80    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Arca Continental SAB de CV                | Arca Continental SAB de CV                                   | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |      6518 | NS      | $70401.28     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| LTIMindtree Ltd                           | LTIMindtree Ltd                                              | CUSIP: N/A<br>LEI: 335800DY1I1WFHVV6T22       | Long             | EC               | CORP              | IN        |       309 | NS      | $20869.98     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| People's Insurance Co Group of            | People's Insurance Co Group of China Ltd/The                 | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |    127472 | NS      | $163287.49    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Sberbank of Russia PJSC                   | Sberbank of Russia PJSC                                      | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |    120116 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Bank Polska Kasa Opieki SA                | Bank Polska Kasa Opieki SA                                   | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |      4917 | NS      | $278900.38    | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| Meituan                                   | Meituan                                                      | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | CN        |     29315 | NS      | $388488.22    | 0.68%             |  |  |  | No            | 2                  | On Loan: No      |
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                                    | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | HK        |     92643 | NS      | $1701014.63   | 2.99%             |  |  |  | No            | 2                  | On Loan: No      |
| Yunnan Yuntianhua Co Ltd                  | Yunnan Yuntianhua Co Ltd                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      2021 | NS      | $9661.00      | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Asustek Computer Inc                      | Asustek Computer Inc                                         | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |      4409 | NS      | $76640.44     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Realtek Semiconductor Corp                | Realtek Semiconductor Corp                                   | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     10632 | NS      | $165079.56    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| Reliance Industries Ltd                   | Reliance Industries Ltd                                      | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |     13320 | NS      | $233081.58    | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| NetEase Inc                               | NetEase Inc                                                  | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | CN        |     14708 | NS      | $404840.56    | 0.71%             |  |  |  | No            | 2                  | On Loan: No      |
| New Oriental Education & Techn            | New Oriental Education & Technology Group Inc                | CUSIP: N/A<br>LEI: 529900NHZVBZQZ8EKN29       | Long             | EC               | CORP              | CN        |     17164 | NS      | $94285.38     | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Bharat Petroleum Corp Ltd                 | Bharat Petroleum Corp Ltd                                    | CUSIP: N/A<br>LEI: 8GRDBX1TJ0PU5NCSHT72       | Long             | EC               | CORP              | IN        |     25364 | NS      | $108500.18    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Shree Cement Ltd                          | Shree Cement Ltd                                             | CUSIP: N/A<br>LEI: 335800W6FNBDUZ89L830       | Long             | EC               | CORP              | IN        |       259 | NS      | $76620.37     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| OUTsurance Group Ltd                      | OUTsurance Group Ltd                                         | CUSIP: N/A<br>LEI: 984500AC307E8L2D9X52       | Long             | EC               | CORP              | ZA        |     12734 | NS      | $55103.77     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Agricultural Bank of China Ltd            | Agricultural Bank of China Ltd                               | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |     65990 | NS      | $72523.23     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Qatar National Bank QPSC                  | Qatar National Bank QPSC                                     | CUSIP: N/A<br>LEI: 549300FFSRVBS0SQXY75       | Long             | EC               | CORP              | QA        |     42018 | NS      | $215340.81    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung Fire & Marine Insuranc            | Samsung Fire & Marine Insurance Co Ltd                       | CUSIP: N/A<br>LEI: 988400JMBDK47EW0Z936       | Long             | EC               | CORP              | KR        |       164 | NS      | $56502.74     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Eva Airways Corp                          | Eva Airways Corp                                             | CUSIP: N/A<br>LEI: 254900S1P4XOXV67GC07       | Long             | EC               | CORP              | TW        |     57142 | NS      | $66446.34     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| SK Telecom Co Ltd                         | SK Telecom Co Ltd                                            | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |      7091 | NS      | $263278.95    | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| PetroChina Co Ltd                         | PetroChina Co Ltd                                            | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |    326814 | NS      | $352272.54    | 0.62%             |  |  |  | No            | 2                  | On Loan: No      |
| United Tractors Tbk PT                    | United Tractors Tbk PT                                       | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |     44743 | NS      | $79106.55     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| NCI                                       | New China Life Insurance Co Ltd                              | CUSIP: N/A<br>LEI: 300300F2001111000095       | Long             | EC               | CORP              | CN        |     17600 | NS      | $175602.74    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Laopu Gold Co Ltd                         | Laopu Gold Co Ltd                                            | CUSIP: N/A<br>LEI: 2549003X1NWK88OCWI97       | Long             | EC               | CORP              | CN        |       369 | NS      | $29490.65     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Nien Made Enterprise Co Ltd               | Nien Made Enterprise Co Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2520 | NS      | $28943.96     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| MBRF Global Foods Co SA                   | MBRF Global Foods Co SA                                      | CUSIP: N/A<br>LEI: 391200219USWMOBN3F92       | Long             | EC               | CORP              | BR        |      6485 | NS      | $23592.44     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Dubai Islamic Bank PJSC                   | Dubai Islamic Bank PJSC                                      | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |     73648 | NS      | $185840.61    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Mobile Co Ltd                      | Taiwan Mobile Co Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      7015 | NS      | $24203.27     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Meitu Inc                                 | Meitu Inc                                                    | CUSIP: N/A<br>LEI: 529900P2POH56W116T02       | Long             | EC               | CORP              | CN        |     48011 | NS      | $43231.13     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| NU Holdings Ltd/Cayman Islands            | NU Holdings Ltd/Cayman Islands                               | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | BR        |      6049 | NS      | $101260.26    | 0.18%             |  |  |  | No            | 1                  | On Loan: —       |
| HCL Technologies Ltd                      | HCL Technologies Ltd                                         | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |      8681 | NS      | $156895.16    | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| Evergreen Marine Corp Taiwan L            | Evergreen Marine Corp Taiwan Ltd                             | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |     19270 | NS      | $116245.37    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Shinhan Financial Group Co Ltd            | Shinhan Financial Group Co Ltd                               | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54       | Long             | EC               | CORP              | KR        |      1492 | NS      | $79448.67     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Harmony Gold Mining Co Ltd                | Harmony Gold Mining Co Ltd                                   | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     11173 | NS      | $224153.89    | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| Bharti Airtel Ltd                         | Bharti Airtel Ltd                                            | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |     14540 | NS      | $341275.35    | 0.60%             |  |  |  | No            | 2                  | On Loan: No      |
| HD Korea Shipbuilding & Offsho            | HD Korea Shipbuilding & Offshore Engineering Co Ltd          | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |       619 | NS      | $174664.25    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| SK hynix Inc                              | SK hynix Inc                                                 | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      3814 | NS      | $1727277.37   | 3.03%             |  |  |  | No            | 2                  | On Loan: No      |
| BYD Co Ltd                                | BYD Co Ltd                                                   | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |      2060 | NS      | $25174.76     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Union Bank of India Ltd                   | Union Bank of India Ltd                                      | CUSIP: N/A<br>LEI: 5493000P4HD6132SQ711       | Long             | EC               | CORP              | IN        |    143819 | NS      | $246316.70    | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Uni-President Enterprises Corp            | Uni-President Enterprises Corp                               | CUSIP: N/A<br>LEI: 254900DAXBDMVEXU5959       | Long             | EC               | CORP              | TW        |     55603 | NS      | $136335.49    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| Aurobindo Pharma Ltd                      | Aurobindo Pharma Ltd                                         | CUSIP: N/A<br>LEI: 335800G4T2A353RDGM23       | Long             | EC               | CORP              | IN        |      3596 | NS      | $47332.85     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| PICC P&C                                  | PICC Property & Casualty Co Ltd                              | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |    109707 | NS      | $230648.86    | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Qatar Islamic Bank QPSC                   | Qatar Islamic Bank QPSC                                      | CUSIP: N/A<br>LEI: 254900CFGPXJI71OHT95       | Long             | EC               | CORP              | QA        |      9928 | NS      | $65335.96     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Zijin Mining Group Co Ltd                 | Zijin Mining Group Co Ltd                                    | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |      9098 | NS      | $41654.62     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| WEIGAO GROUP                              | Shandong Weigao Group Medical Polymer Co Ltd                 | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60       | Long             | EC               | CORP              | CN        |     66946 | NS      | $43164.52     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Samvardhana Motherson Internat            | Samvardhana Motherson International Ltd                      | CUSIP: N/A<br>LEI: 335800C7BQ19CKG8GH63       | Long             | EC               | CORP              | IN        |     93367 | NS      | $124728.03    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Samsung Electro-Mechanics Co L            | Samsung Electro-Mechanics Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       453 | NS      | $80171.00     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co Ltd                                   | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     27403 | NS      | $2296779.66   | 4.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Hanwha Aerospace Co Ltd                   | Hanwha Aerospace Co Ltd                                      | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25       | Long             | EC               | CORP              | KR        |        17 | NS      | $11101.84     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Samsung Electronics Co Ltd                | Samsung Electronics Co Ltd                                   | CUSIP: Y74718118<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |      4965 | NS      | $308181.60    | 0.54%             |  |  |  | No            | 2                  | On Loan: No      |
| Sasol Ltd                                 | Sasol Ltd                                                    | CUSIP: 803866102<br>LEI: 378900F4544561A97588 | Long             | EC               | CORP              | ZA        |     14971 | NS      | $95521.91     | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Shoprite Holdings Ltd                     | Shoprite Holdings Ltd                                        | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |       973 | NS      | $15875.13     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| TSMC                                      | Taiwan Semiconductor Manufacturing Co Ltd                    | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |    140393 | NS      | $6901338.74   | 12.12%            |  |  |  | No            | 2                  | On Loan: No      |
| Qfin Holdings Inc                         | Qfin Holdings Inc                                            | CUSIP: 88557W101<br>LEI: 836800R59NKEPDR6I240 | Long             | EC               | CORP              | CN        |      7506 | NS      | $144640.62    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Bradesco SA                         | Banco Bradesco SA                                            | CUSIP: P1808G117<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |     27313 | NS      | $89418.73     | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Bradesco SA                         | Banco Bradesco SA                                            | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44       | Long             | EC               | CORP              | BR        |      7467 | NS      | $21126.46     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Sino Biopharmaceutical Ltd                | Sino Biopharmaceutical Ltd                                   | CUSIP: N/A<br>LEI: 529900LPR4ADFEJAR786       | Long             | EC               | CORP              | HK        |    345512 | NS      | $274902.44    | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| PING AN                                   | Ping An Insurance Group Co of China Ltd                      | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |     27447 | NS      | $230546.70    | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| UltraTech Cement Ltd                      | UltraTech Cement Ltd                                         | CUSIP: N/A<br>LEI: 335800PC9O9B4BQHG814       | Long             | EC               | CORP              | IN        |        87 | NS      | $11415.78     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Tata Consultancy Services Ltd             | Tata Consultancy Services Ltd                                | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |      1095 | NS      | $39123.46     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Standard Bank Group Ltd                   | Standard Bank Group Ltd                                      | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |     12380 | NS      | $217151.24    | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Turkcell Iletisim Hizmetleri A            | Turkcell Iletisim Hizmetleri AS                              | CUSIP: N/A<br>LEI: 7890003EX1LTLS2FFL84       | Long             | EC               | CORP              | TR        |     57286 | NS      | $124037.79    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Turkiye Is Bankasi AS                     | Turkiye Is Bankasi AS                                        | CUSIP: N/A<br>LEI: 789000FIRX9MDN0KTM91       | Long             | EC               | CORP              | TR        |     49195 | NS      | $16106.64     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Yapi ve Kredi Bankasi AS                  | Yapi ve Kredi Bankasi AS                                     | CUSIP: N/A<br>LEI: B85ZYWEZ5IZCZ2WNIO12       | Long             | EC               | CORP              | TR        |    110231 | NS      | $92818.70     | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Powszechna Kasa Oszczednosci B            | Powszechna Kasa Oszczednosci Bank Polski SA                  | CUSIP: N/A<br>LEI: P4GTT6GF1W40CVIMFR43       | Long             | EC               | CORP              | PL        |     13326 | NS      | $314520.27    | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| Porto Seguro SA                           | Porto Seguro SA                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     13585 | NS      | $119653.24    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| BIM Birlesik Magazalar AS                 | BIM Birlesik Magazalar AS                                    | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |      8417 | NS      | $105074.74    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Ultrapar Participacoes SA                 | Ultrapar Participacoes SA                                    | CUSIP: N/A<br>LEI: 529900FU4XBXGQMLRE72       | Long             | EC               | CORP              | BR        |      5596 | NS      | $21130.63     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| UPL Ltd                                   | UPL Ltd                                                      | CUSIP: N/A<br>LEI: 335800RJSM1SLHO4UA95       | Long             | EC               | CORP              | IN        |     20508 | NS      | $181605.44    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| Hana Financial Group Inc                  | Hana Financial Group Inc                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1840 | NS      | $120053.71    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Torrent Pharmaceuticals Ltd               | Torrent Pharmaceuticals Ltd                                  | CUSIP: N/A<br>LEI: 335800NA6HK275RIJE13       | Long             | EC               | CORP              | IN        |       710 | NS      | $30389.97     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| TOTVS SA                                  | TOTVS SA                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     13624 | NS      | $104118.95    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| Power Finance Corp Ltd                    | Power Finance Corp Ltd                                       | CUSIP: N/A<br>LEI: 3358003Q6D9LIJJZ1614       | Long             | EC               | CORP              | IN        |     53163 | NS      | $210497.76    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| BOSIDENG                                  | Bosideng International Holdings Ltd                          | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | HK        |    152538 | NS      | $87522.85     | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Emirates NBD Bank PJSC                    | Emirates NBD Bank PJSC                                       | CUSIP: M4029Z107<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |     32478 | NS      | $246053.26    | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Want Want China Holdings Ltd              | Want Want China Holdings Ltd                                 | CUSIP: N/A<br>LEI: 5299005HZCEKX4O1J230       | Long             | EC               | CORP              | HK        |    105975 | NS      | $63181.67     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| REC Ltd                                   | REC Ltd                                                      | CUSIP: N/A<br>LEI: 335800B4YRYWAMIJZ374       | Long             | EC               | CORP              | IN        |     43653 | NS      | $173582.87    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Bizlink Holding Inc                       | Bizlink Holding Inc                                          | CUSIP: N/A<br>LEI: 213800YAKRFVU5XOX138       | Long             | EC               | CORP              | TW        |       846 | NS      | $40871.40     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Tata Motors Passenger Vehicles            | Tata Motors Passenger Vehicles Limited                       | CUSIP: N/A<br>LEI: 335800BO2LHWJJ8TZI32       | Long             | EC               | CORP              | IN        |     40145 | NS      | $164292.14    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| PZU                                       | Powszechny Zaklad Ubezpieczen SA                             | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |     12597 | NS      | $233163.57    | 0.41%             |  |  |  | No            | 2                  | On Loan: No      |
| Far East Horizon Ltd                      | Far East Horizon Ltd                                         | CUSIP: N/A<br>LEI: 549300S9XRGO1ZPUHE62       | Long             | EC               | CORP              | HK        |     13084 | NS      | $13518.53     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Telefonica Brasil SA                      | Telefonica Brasil SA                                         | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |     32018 | NS      | $191699.68    | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| Zhen Ding Technology Holding L            | Zhen Ding Technology Holding Ltd                             | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | TW        |     18957 | NS      | $85429.61     | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| Astra International Tbk PT                | Astra International Tbk PT                                   | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |     68845 | NS      | $27631.43     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| BB Seguridade Participacoes SA            | BB Seguridade Participacoes SA                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     20744 | NS      | $137027.59    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| TVS Motor Co Ltd                          | TVS Motor Co Ltd                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | IN        |      2608 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Richter Gedeon Nyrt                       | Richter Gedeon Nyrt                                          | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |      4153 | NS      | $125544.88    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| BSE Ltd                                   | BSE Ltd                                                      | CUSIP: N/A<br>LEI: 335800UOTLCPTZQVDA19       | Long             | EC               | CORP              | IN        |      2218 | NS      | $65048.07     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| HD Hyundai Electric Co Ltd                | HD Hyundai Electric Co Ltd                                   | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               | CORP              | KR        |       317 | NS      | $170244.30    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| HD Hyundai Co Ltd                         | HD Hyundai Co Ltd                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1444 | NS      | $189006.14    | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| Yunnan Aluminium Co Ltd                   | Yunnan Aluminium Co Ltd                                      | CUSIP: N/A<br>LEI: 3003008AXWSVMLG3MX37       | Long             | EC               | CORP              | CN        |      6600 | NS      | $30985.90     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Sungrow Power Supply Co Ltd               | Sungrow Power Supply Co Ltd                                  | CUSIP: N/A<br>LEI: 30030052IWC7RGVFG505       | Long             | EC               | CORP              | CN        |      1000 | NS      | $24475.99     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Ningbo Co Ltd                     | Bank of Ningbo Co Ltd                                        | CUSIP: N/A<br>LEI: 300300C1092133000091       | Long             | EC               | CORP              | CN        |      2858 | NS      | $11487.43     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Eoptolink Technology Inc Ltd              | Eoptolink Technology Inc Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |       900 | NS      | $55144.24     | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Shanghai Co Ltd                   | Bank of Shanghai Co Ltd                                      | CUSIP: N/A<br>LEI: 300300C1091231000098       | Long             | EC               | CORP              | CN        |     12907 | NS      | $18654.54     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Bharat Electronics Ltd                    | Bharat Electronics Ltd                                       | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |     10354 | NS      | $46087.75     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Pepkor Holdings Ltd                       | Pepkor Holdings Ltd                                          | CUSIP: N/A<br>LEI: 3789006D677C34F69875       | Long             | EC               | CORP              | ZA        |    129595 | NS      | $207046.37    | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| HDFC Asset Management Co Ltd              | HDFC Asset Management Co Ltd                                 | CUSIP: N/A<br>LEI: 3358002FLK8AK8WSEP31       | Long             | EC               | CORP              | IN        |       978 | NS      | $29090.66     | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Xiaomi Corp                               | Xiaomi Corp                                                  | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | CN        |     96436 | NS      | $486696.35    | 0.86%             |  |  |  | No            | 2                  | On Loan: No      |
| WuXi AppTec Co Ltd                        | WuXi AppTec Co Ltd                                           | CUSIP: N/A<br>LEI: 254900OEPQLZSPLN9175       | Long             | EC               | CORP              | CN        |      2482 | NS      | $31473.17     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Woori Financial Group Inc                 | Woori Financial Group Inc                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      7595 | NS      | $147414.50    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| Tongcheng Travel Holdings Ltd             | Tongcheng Travel Holdings Ltd                                | CUSIP: G8918W106<br>LEI: 2549004WGGNOPL8NUL61 | Long             | EC               | CORP              | CN        |     42484 | NS      | $122633.80    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Polycab India Ltd                         | Polycab India Ltd                                            | CUSIP: N/A<br>LEI: 335800ZAL1L11ERZVW68       | Long             | EC               | CORP              | IN        |       753 | NS      | $63909.91     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Hansoh Pharmaceutical Group Co            | Hansoh Pharmaceutical Group Co Ltd                           | CUSIP: N/A<br>LEI: 254900Q6MR00EBXTPF42       | Long             | EC               | CORP              | CN        |     15434 | NS      | $71510.88     | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Changsha Co Ltd                   | Bank of Changsha Co Ltd                                      | CUSIP: N/A<br>LEI: 300300C1086243000041       | Long             | EC               | CORP              | CN        |     24055 | NS      | $33396.11     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Rockchip Electronics Co Ltd               | Rockchip Electronics Co Ltd                                  | CUSIP: N/A<br>LEI: 8368002HC3QUMAKOPK03       | Long             | EC               | CORP              | CN        |       970 | NS      | $24774.83     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Wuxi Biologics Cayman Inc                 | Wuxi Biologics Cayman Inc                                    | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | CN        |      3888 | NS      | $15722.35     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Persistent Systems Ltd                    | Persistent Systems Ltd                                       | CUSIP: N/A<br>LEI: 3358006QYD77Z66S1J89       | Long             | EC               | CORP              | IN        |      1572 | NS      | $109747.92    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Haier Smart Home Co Ltd                   | Haier Smart Home Co Ltd                                      | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |      6176 | NS      | $19286.10     | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Bilibili Inc                              | Bilibili Inc                                                 | CUSIP: N/A<br>LEI: 5493008V60M52L3PIS45       | Long             | EC               | CORP              | CN        |      2795 | NS      | $68983.75     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Caixa Seguridade Participacoes            | Caixa Seguridade Participacoes S/A                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      4130 | NS      | $12512.12     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| Gulf Development PCL                      | Gulf Development PCL                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |         0 | NS      | $0.01         | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| Yum China Holdings Inc                    | Yum China Holdings Inc                                       | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |       540 | NS      | $25568.21     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Shanghai Allist Pharmaceutical            | Shanghai Allist Pharmaceuticals Co Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      5500 | NS      | $81995.19     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Pop Mart International Group L            | Pop Mart International Group Ltd                             | CUSIP: N/A<br>LEI: 9845000A05E8F937E337       | Long             | EC               | CORP              | CN        |     10117 | NS      | $244090.10    | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| Trip.com Group Ltd                        | Trip.com Group Ltd                                           | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               | CORP              | SG        |       920 | NS      | $65965.32     | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| PetroChina Co Ltd                         | PetroChina Co Ltd                                            | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |     89500 | NS      | $133265.94    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| PING AN                                   | Ping An Insurance Group Co of China Ltd                      | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |      3476 | NS      | $34051.19     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Nanjing Co Ltd                    | Bank of Nanjing Co Ltd                                       | CUSIP: N/A<br>LEI: 300300C1086932000062       | Long             | EC               | CORP              | CN        |     26580 | NS      | $43484.04     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Yunnan Yuntianhua Co Ltd                  | Yunnan Yuntianhua Co Ltd                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      4700 | NS      | $22467.44     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Axis Bank Ltd                             | Axis Bank Ltd                                                | CUSIP: N/A<br>LEI: 549300HVNWMJPOFVNI41       | Long             | EC               | CORP              | IN        |      5745 | NS      | $81237.10     | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Tata Steel Ltd                            | Tata Steel Ltd                                               | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |     31850 | NS      | $63803.69     | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Dr Reddy's Laboratories Ltd               | Dr Reddy's Laboratories Ltd                                  | CUSIP: N/A<br>LEI: 335800OVDPY3DVZR2798       | Long             | EC               | CORP              | IN        |      6150 | NS      | $86970.17     | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| HD Hyundai Marine Solution Co             | HD Hyundai Marine Solution Co Ltd                            | CUSIP: N/A<br>LEI: 988400NV4TGR7O3GJM74       | Long             | EC               | CORP              | KR        |       179 | NS      | $23985.46     | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Shriram Finance Ltd                       | Shriram Finance Ltd                                          | CUSIP: N/A<br>LEI: 335800TM2YO24B76XL26       | Long             | EC               | CORP              | IN        |     17372 | NS      | $192788.20    | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| Tata Motors Ltd /new                      | Tata Motors Ltd /new                                         | CUSIP: N/A<br>LEI: 335800ZFUZ3FBKQASV25       | Long             | EC               | CORP              | IN        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| State Bank of India                       | State Bank of India                                          | CUSIP: N/A<br>LEI: 5493001JZ37UBBZF6L49       | Long             | EC               | CORP              | IN        |     19070 | NS      | $208608.50    | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Punjab National Bank                      | Punjab National Bank                                         | CUSIP: N/A<br>LEI: 335800LE3GBR6I412V82       | Long             | EC               | CORP              | IN        |     71777 | NS      | $98735.80     | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Bajaj Finance Ltd                         | Bajaj Finance Ltd                                            | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               | CORP              | IN        |      4020 | NS      | $44207.89     | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| BeOne Medicines Ltd                       | BeOne Medicines Ltd                                          | CUSIP: N/A<br>LEI: 549300JFUK6FRD5MH739       | Long             | EC               | CORP              | US        |      6177 | NS      | $142171.54    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Bank of Baroda                            | Bank of Baroda                                               | CUSIP: N/A<br>LEI: 549300CQ6M9Q0TJEZR23       | Long             | EC               | CORP              | IN        |     54300 | NS      | $178949.65    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Tech Mahindra Ltd                         | Tech Mahindra Ltd                                            | CUSIP: N/A<br>LEI: 3358005FZUZ1I25XQH69       | Long             | EC               | CORP              | IN        |      5345 | NS      | $94674.17     | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| Seres Group Co Ltd                        | Seres Group Co Ltd                                           | CUSIP: N/A<br>LEI: 3003002LTJSDNVNIPU58       | Long             | EC               | CORP              | CN        |      5218 | NS      | $90216.36     | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| Polyus PJSC                               | Polyus PJSC                                                  | CUSIP: 73181M117<br>LEI: 549300FUXVT7TF6ZKV71 | Long             | EC               | CORP              | RU        |       994 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| Solar Industries India Ltd                | Solar Industries India Ltd                                   | CUSIP: N/A<br>LEI: 3358002ANWRT2YJ79L60       | Long             | EC               | CORP              | IN        |       268 | NS      | $36543.43     | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Bid Corp Ltd                              | Bid Corp Ltd                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |      2981 | NS      | $75941.70     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco BTG Pactual SA                      | Banco BTG Pactual SA                                         | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |      3937 | NS      | $37715.95     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** GPS Funds I

**Signature:** /s/ Patrick Young

**Name of Signer:** Patrick Young

**Title:** Principal Financial Officer/Treasurer