# EDGAR Filing Document

**Accession Number:** 0000811161
**File Stem:** 0001145549-25-053157
**Filing Date:** 2025-8
**Character Count:** 222022
**Document Hash:** db80bef8b9496409e34831abd0ad19a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-053157.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001145549-25-053157

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05038
- **FILM NUMBER:** 251249827

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** St. Paul

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55101

  - **Telephone number:** 6512280935

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1195013748.52

**Total Liabilities:** $3004165.82

**Net Assets:** $1192009582.70

**Cash Not Reported:** $5391310.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000073549 | 4.18%                | 5.85%                | 4.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1048147.12             | $42125060.86                               |
| Month 2  | $8500725.26              | $51472607.83                               |
| Month 3  | $7022571.62              | $37100483.02                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Royal Philips NV                                             | Royal Philips NV EUR0.20                                                  | CUSIP: N7637U112<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |    483274 | NS      | $11618854.86  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo S.A.                                                  | Sodexo S.A. EUR4 (PRIME FIDELITE 2025/2026)                               | CUSIP: F8494Z128<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |      4719 | NS      | $290166.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                | Alimentation Couche-Tard Inc. COM                                         | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     95415 | NS      | $4742898.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Anhui Conch Cement Co Ltd.                                   | Anhui Conch Cement Co Ltd. 'H'CNY1                                        | CUSIP: Y01373102<br>LEI: 300300JVKW56SSAEQZ33 | Long             | EC               | CORP              | CN        |    426262 | NS      | $1083852.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                                   | Garmin Ltd COM CHF10.00                                                   | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     39581 | NS      | $8261346.32   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo S.A.                                                  | Sodexo S.A. EUR4 (PRIME DE FIDELITE)(REGD)                                | CUSIP: F84941701<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |      7150 | NS      | $439646.31    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  35065556 | NS      | $35065555.81  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM Firmenich AG                                             | DSM Firmenich AG EUR0.01                                                  | CUSIP: H0245V108<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |     23513 | NS      | $2499943.91   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                                        | Tencent Holdings Ltd. HKD0.00002                                          | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     88900 | NS      | $5696431.19   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                                            | Compass Group PLC ORD GBP0.1105                                           | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    158462 | NS      | $5366042.59   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                               | Rheinmetall AG NPV                                                        | CUSIP: D65111102<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      2468 | NS      | $5224203.95   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari N V                                                  | Ferrari N V COM EUR0.01                                                   | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |     11880 | NS      | $5822923.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc.                                       | Waste Connections Inc. COM NPV                                            | CUSIP: 94106B101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     23677 | NS      | $4420969.44   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries Ltd.                             | Mitsubishi Heavy Industries Ltd. NPV                                      | CUSIP: J44002178<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |    525800 | NS      | $13181056.21  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd.                                             | Nintendo Co Ltd. NPV                                                      | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     79500 | NS      | $7662650.60   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                                             | Mercadolibre Inc COM USD0.001                                             | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      2931 | NS      | $7660549.53   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                 | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10                        | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    390000 | NS      | $14151718.47  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                                           | Deutsche Boerse AG NPV(REGD)                                              | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |     17290 | NS      | $5639555.05   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                             | Philip Morris International Inc. COM NPV                                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     67824 | NS      | $12352785.12  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                            | ASML Holding N.V. NY REGISTRY SHS                                         | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      8653 | NS      | $6934427.67   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                                     | Rolls-Royce Holdings PLC ORD GBP0.20                                      | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |   1086471 | NS      | $14430249.20  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                 | UBS Group AG USD0.10 (REGD)                                               | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    163692 | NS      | $5539265.49   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                                            | HSBC Holdings PLC ORD USD0.50                                             | CUSIP: G4634U169<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     76081 | NS      | $920886.57    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Group PLC                                            | Ashtead Group PLC ORD GBP0.10                                             | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |      6043 | NS      | $387290.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingfisher PLC                                               | Kingfisher PLC ORD GBP0.157142857                                         | CUSIP: G5256E441<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |     21288 | NS      | $84974.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Admiral Group PLC                                            | Admiral Group PLC ORD GBP0.001                                            | CUSIP: G0110T106<br>LEI: 213800FGVM7Z9EJB2685 | Long             | EC               | CORP              | GB        |      2834 | NS      | $127205.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                              | BAE Systems PLC ORD GBP0.025                                              | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     40350 | NS      | $1044865.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                                             | Severn Trent PLC ORD GBP0.9789                                            | CUSIP: G8056D159<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |      4954 | NS      | $185914.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                              | AstraZeneca PLC ORD USD0.25                                               | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      1735 | NS      | $241012.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                                    | Nestle SA CHF0.10 (REGD)                                                  | CUSIP: H57312649<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     37330 | NS      | $3708770.43   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group AG                                         | Julius Baer Group AG CHF0.02 (REGD)                                       | CUSIP: H4414N103<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |      3711 | NS      | $250876.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd.                                 | Northern Star Resources Ltd. NPV                                          | CUSIP: Q6951U101<br>LEI: 254900XFXCRYYZAX6M78 | Long             | EC               | CORP              | AU        |     26749 | NS      | $326570.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC PLC                                                      | DCC PLC ORD EUR0.25 (CDI)                                                 | CUSIP: G2689P101<br>LEI: 213800UPS1QEE4TD3T45 | Long             | EC               | CORP              | IE        |      3568 | NS      | $231559.26    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sulzer AG                                                    | Sulzer AG CHF0.01 (REGD)                                                  | CUSIP: H83580284<br>LEI: 529900NZ6MAST5IJF669 | Long             | EC               | CORP              | CH        |       635 | NS      | $114603.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast AS                                                 | Coloplast AS SER'B'DKK1                                                   | CUSIP: K16018192<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |      1500 | NS      | $142474.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Canada                                      | National Bank of Canada COM NPV                                           | CUSIP: 633067103<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | EC               | CORP              | CA        |     19328 | NS      | $1994470.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                                         | Royal Bank of Canada COM NPV                                              | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |      4906 | NS      | $645384.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CCL Industries Inc                                           | CCL Industries Inc CLASS'B'NON VTG COM NPV                                | CUSIP: 124900309<br>LEI: 549300TD3EMSRRC0YH75 | Long             | EC               | CORP              | CA        |     13725 | NS      | $800368.83    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                                                    | Emera Inc COM NPV                                                         | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     10842 | NS      | $496657.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                                | Enbridge Inc. COM NPV                                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     31464 | NS      | $1425948.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toronto-Dominion Bank                                    | The Toronto-Dominion Bank COM NPV                                         | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |      1400 | NS      | $102830.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd.                                            | Imperial Oil Ltd. COM NPV                                                 | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |      3196 | NS      | $254018.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Loblaws Companies Ltd.                                       | Loblaws Companies Ltd. COM NPV                                            | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |      2635 | NS      | $435861.02    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc                                      | Magna International Inc COM NPV                                           | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      6840 | NS      | $264408.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Limited                           | Fairfax Financial Holdings Limited SUB-VTG COM NPV                        | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       332 | NS      | $599270.06    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Metro Inc.                                                   | Metro Inc. COM NPV                                                        | CUSIP: 59162N109<br>LEI: 549300KQ7DCG4IXSNW78 | Long             | EC               | CORP              | CA        |      3000 | NS      | $235660.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                             | Novo Nordisk A/S ADR-REP 1 CLASS'B'DKK1                                   | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      1214 | NS      | $83790.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Onex Corp.                                                   | Onex Corp. SUB-VTG NPV                                                    | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |      3028 | NS      | $249266.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                                     | AIA Group Ltd, Hong Kong NPV                                              | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |    176800 | NS      | $1585579.53   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc                                       | Whitecap Resources Inc COM NPV                                            | CUSIP: 96467A200<br>LEI: 5493004AMPGZA0JO5Q37 | Long             | EC               | CORP              | CA        |     39808 | NS      | $267481.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis (Novozymes) B                                      | Novonesis (Novozymes) B SER'B'DKK2                                        | CUSIP: K7317J133<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |      2460 | NS      | $176370.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kesko Oyj                                                    | Kesko Oyj SER'B'EUR2                                                      | CUSIP: X44874109<br>LEI: 743700OX6HSVMCAHPB95 | Long             | EC               | CORP              | FI        |      5584 | NS      | $137736.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mediobanca - Banca di Credito Finanziario SpA                | Mediobanca - Banca di Credito Finanziario SpA EUR0.5                      | CUSIP: T10584117<br>LEI: PSNL19R2RXX5U3QWHI44 | Long             | EC               | CORP              | IT        |     30086 | NS      | $699404.58    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Group PLC                                              | Kerry Group PLC 'A'ORD EUR0.125                                           | CUSIP: G52416107<br>LEI: 635400TLVVBNXLFHWC59 | Long             | EC               | CORP              | IE        |       920 | NS      | $101598.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                                                    | Thales SA EUR3                                                            | CUSIP: F9156M108<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |      1413 | NS      | $415445.09    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                                             | Pernod Ricard SA EUR1.55                                                  | CUSIP: F72027109<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      2260 | NS      | $225219.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Renault S.A.                                                 | Renault S.A. EUR3.81                                                      | CUSIP: F77098105<br>LEI: 969500F7JLTX36OUI695 | Long             | EC               | CORP              | FR        |      2858 | NS      | $131734.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                                        | Schneider Electric SE EUR4.00                                             | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |      7138 | NS      | $1898573.31   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                       | SAP SE ORD NPV                                                            | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      5454 | NS      | $1658494.95   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                          | LVMH Moet Hennessy Louis Vuitton SE EUR0.30                               | CUSIP: F58485115<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      3788 | NS      | $1983838.52   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal S.A.                                                 | L'Oreal S.A. EUR0.20                                                      | CUSIP: F58149133<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |      4321 | NS      | $1848150.81   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                                           | Publicis Groupe SA EUR0.40                                                | CUSIP: F7607Z165<br>LEI: 2138004KW8BV57III342 | Long             | EC               | CORP              | FR        |      1591 | NS      | $179315.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                                            | Hannover Rueck SE ORD NPV(REGD)                                           | CUSIP: D3015J135<br>LEI: 529900KIN5BE45V5KB18 | Long             | EC               | CORP              | DE        |      2246 | NS      | $706924.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                                       | RWE AG NPV                                                                | CUSIP: D6629K109<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |      3230 | NS      | $134803.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Holdings Inc                                             | SBI Holdings Inc NPV                                                      | CUSIP: J6991H100<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |     13620 | NS      | $475737.65    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co. Ltd.                               | Techtronic Industries Co. Ltd. NPV                                        | CUSIP: Y8563B159<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |      7000 | NS      | $76955.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd.                                               | Fortescue Ltd. NPV                                                        | CUSIP: Q39360104<br>LEI: 529900VEJFORCO6I4826 | Long             | EC               | CORP              | AU        |     97180 | NS      | $977293.82    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd.                                       | Daiichi Sankyo Co Ltd. NPV                                                | CUSIP: J11257102<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |     29100 | NS      | $679986.81    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Chemical Group Corp.                              | Mitsubishi Chemical Group Corp. NPV                                       | CUSIP: J44046100<br>LEI: 353800YNKX4RQUGAR072 | Long             | EC               | CORP              | JP        |      4500 | NS      | $23686.68     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSL Ltd.                                                     | CSL Ltd. ORD NPV                                                          | CUSIP: Q3018U109<br>LEI: 529900ECSECK5ZDQTE14 | Long             | EC               | CORP              | AU        |      9576 | NS      | $1509309.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cochlear Ltd                                                 | Cochlear Ltd ORD NPV                                                      | CUSIP: Q25953102<br>LEI: 5493001OLLWY8KV5UC08 | Long             | EC               | CORP              | AU        |       971 | NS      | $191987.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fast Retailing Co Ltd.                                       | Fast Retailing Co Ltd. NPV                                                | CUSIP: J1346E100<br>LEI: 353800ZCXKHDPY0N5218 | Long             | EC               | CORP              | JP        |      3300 | NS      | $1134793.93   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Subaru Corp.                                                 | Subaru Corp. NPV                                                          | CUSIP: J7676H100<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |      5700 | NS      | $99568.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Ltd.                                                 | Fujitsu Ltd. NPV                                                          | CUSIP: J15708159<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |     18500 | NS      | $451564.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Henderson Land Development Co Ltd.                           | Henderson Land Development Co Ltd. NPV                                    | CUSIP: Y31476107<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |     25331 | NS      | $88578.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd.                                                 | Hitachi Ltd. NPV                                                          | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     72200 | NS      | $2108267.07   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp.                                                 | ITOCHU Corp. NPV                                                          | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     18200 | NS      | $954961.29    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kajima Corp.                                                 | Kajima Corp. NPV                                                          | CUSIP: J29223120<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3500 | NS      | $91458.63     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kikkoman Corp                                                | Kikkoman Corp NPV                                                         | CUSIP: J32620106<br>LEI: 529900T9K5UH9HXOND47 | Long             | EC               | CORP              | JP        |     30000 | NS      | $278740.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Konami Group Corp.                                           | Konami Group Corp. NPV                                                    | CUSIP: J3600L101<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |      2300 | NS      | $364393.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KYOCERA Corp.                                                | KYOCERA Corp. NPV                                                         | CUSIP: J37479110<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1600 | NS      | $19260.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Marubeni Corp.                                               | Marubeni Corp. NPV                                                        | CUSIP: J39788138<br>LEI: 4P4N3ORD02UGQT1T1W12 | Long             | EC               | CORP              | JP        |     10000 | NS      | $202284.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrivarden AB (publ)                                     | Industrivarden AB (publ) SER'C'NPV                                        | CUSIP: W45430126<br>LEI: 549300TM1DLIQI3B3T37 | Long             | EC               | CORP              | SE        |      8270 | NS      | $298688.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                                                     | Volvo AB SER'B'NPV                                                        | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     15300 | NS      | $429200.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                                     | Vinci SA EUR2.50                                                          | CUSIP: F5879X108<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      6739 | NS      | $993069.53    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Oriental Land Co Ltd.                                        | Oriental Land Co Ltd. NPV                                                 | CUSIP: J6174U100<br>LEI: 353800PIFKBZ6KTU5994 | Long             | EC               | CORP              | JP        |     24000 | NS      | $553980.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp.                                                | Olympus Corp. NPV                                                         | CUSIP: J61240107<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |     13500 | NS      | $160775.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Santos Ltd.                                                  | Santos Ltd. NPV                                                           | CUSIP: Q82869118<br>LEI: 5299000RK70B5O2M7077 | Long             | EC               | CORP              | AU        |     20500 | NS      | $103349.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                                | Goodman Group NPV (STAPLED UNITS)                                         | CUSIP: Q4229W132<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     19923 | NS      | $448965.94    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House Ltd                                            | Sekisui House Ltd NPV                                                     | CUSIP: J70746136<br>LEI: 529900GMNDOYQSAJAE76 | Long             | EC               | CORP              | JP        |      6000 | NS      | $132620.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co. KGaA                                      | Fresenius SE & Co. KGaA NPV                                               | CUSIP: D27348263<br>LEI: XDFJ0CYCOO1FXRFTQS51 | Long             | EC               | CORP              | DE        |      6137 | NS      | $308537.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Realty & Development Co Ltd.                        | Sumitomo Realty & Development Co Ltd. NPV                                 | CUSIP: J77841112<br>LEI: 353800SO2DCLOI3LNZ64 | Long             | EC               | CORP              | JP        |      1600 | NS      | $61853.41     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Corp.                                               | Sumitomo Corp. NPV                                                        | CUSIP: J77282119<br>LEI: V82KK8NH1P0JS71FJC05 | Long             | EC               | CORP              | JP        |     13500 | NS      | $349581.61    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuki Motor Corp.                                           | Suzuki Motor Corp. NPV                                                    | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     23200 | NS      | $280806.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysmex Corp.                                                 | Sysmex Corp. NPV                                                          | CUSIP: J7864H102<br>LEI: 5299001ZO4CKWACMZI55 | Long             | EC               | CORP              | JP        |      7800 | NS      | $136170.27    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Gas Co Ltd                                             | Tokyo Gas Co Ltd NPV                                                      | CUSIP: J87000113<br>LEI: 353800678EIJLOQSWZ83 | Long             | EC               | CORP              | JP        |      8200 | NS      | $272868.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Industries Corp.                                      | Toyota Industries Corp. NPV                                               | CUSIP: J92628106<br>LEI: 35380000WKGEAHEMW830 | Long             | EC               | CORP              | JP        |      4000 | NS      | $452762.06    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Tsusho Corp.                                          | Toyota Tsusho Corp. NPV                                                   | CUSIP: J92719111<br>LEI: 549300CEE2ENIUJNXB84 | Long             | EC               | CORP              | JP        |      5100 | NS      | $115773.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd.                                    | United Overseas Bank Ltd. NPV                                             | CUSIP: Y9T10P105<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | EC               | CORP              | SG        |      4600 | NS      | $130239.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Airlines Ltd.                                      | Singapore Airlines Ltd. NPV                                               | CUSIP: Y7992P128<br>LEI: 549300ZG62N2599PWR15 | Long             | EC               | CORP              | SG        |     51700 | NS      | $283404.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yakult Honsha Co Ltd                                         | Yakult Honsha Co Ltd NPV                                                  | CUSIP: J95468120<br>LEI: 353800YJPSPGG7KI0S71 | Long             | EC               | CORP              | JP        |      2600 | NS      | $48973.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SEGRO PLC                                                    | SEGRO PLC ORD GBP0.10                                                     | CUSIP: G80277141<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |     16135 | NS      | $150515.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Altagas Ltd                                                  | Altagas Ltd COM NPV                                                       | CUSIP: 021361100<br>LEI: 2549008X5V70MOS4HM10 | Long             | EC               | CORP              | CA        |     11882 | NS      | $344920.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                                  | Pandora A/S DKK1                                                          | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |      2802 | NS      | $491939.85    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sage Group PLC                                           | The Sage Group PLC GBP0.01051948                                          | CUSIP: G7771K142<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |     24928 | NS      | $427888.84    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurazeo                                                      | Eurazeo NPV                                                               | CUSIP: F3296A108<br>LEI: 969500C656AA39O94N60 | Long             | EC               | CORP              | FR        |      2901 | NS      | $206913.47    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo S.A.                                                  | Sodexo S.A. EUR4                                                          | CUSIP: F84941123<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |      1293 | NS      | $79505.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                  | Novartis AG CHF0.49 (REGD)                                                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      7796 | NS      | $944913.13    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                             | Roche Holding AG GENUSSCHEINE NPV                                         | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |     11183 | NS      | $3641927.28   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Baloise Holding AG                                           | Baloise Holding AG CHF0.10 (REGD) (VINKULIERT)                            | CUSIP: H04530202<br>LEI: 529900G5XKBZN48T6283 | Long             | EC               | CORP              | CH        |       458 | NS      | $108056.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Skanska AB                                                   | Skanska AB SER'B'NPV                                                      | CUSIP: W83567110<br>LEI: 549300UINV5RINHGMG07 | Long             | EC               | CORP              | SE        |      2634 | NS      | $61305.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel S.p.A.                                                  | Enel S.p.A. EUR1                                                          | CUSIP: T3679P115<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     37920 | NS      | $359844.34    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole S.A.                                         | Credit Agricole S.A. EUR3                                                 | CUSIP: F22797108<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |     43315 | NS      | $819683.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                                               | Lonza Group AG CHF1 (REGD)                                                | CUSIP: H50524133<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |       897 | NS      | $638735.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie de Saint-Gobain SA                                 | Compagnie de Saint-Gobain SA EUR4                                         | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     10899 | NS      | $1279225.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Yara International ASA                                       | Yara International ASA NOK1.7                                             | CUSIP: R9900C106<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | EC               | CORP              | NO        |      2400 | NS      | $88576.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                                          | EssilorLuxottica SA EUR0.18                                               | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |      2068 | NS      | $567344.58    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Caixabank S.A.                                               | Caixabank S.A. EUR1                                                       | CUSIP: E2427M123<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | EC               | CORP              | ES        |     60498 | NS      | $524072.69    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Diploma PLC                                                  | Diploma PLC ORD GBP0.05                                                   | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     30752 | NS      | $2063309.59   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group PLC                              | Babcock International Group PLC ORD GBP0.60                               | CUSIP: G0689Q152<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |    301527 | NS      | $4751469.30   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cranswick PLC                                                | Cranswick PLC ORD GBP0.10                                                 | CUSIP: G2504J108<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |     43225 | NS      | $3174304.73   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Games Workshop Group PLC                                     | Games Workshop Group PLC ORD GBP0.05                                      | CUSIP: G3715N102<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |      5927 | NS      | $1319610.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings S.A                               | Piraeus Financial Holdings S.A EUR0.93(POST CONS & WTOF)                  | CUSIP: X06397248<br>LEI: M6AD1Y1KW32H8THQ6F76 | Long             | EC               | CORP              | GR        |    539280 | NS      | $3736510.66   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemnet Group Ab                                              | Hemnet Group Ab NPV                                                       | CUSIP: W3995N162<br>LEI: 5493008VIU67J3HUAR07 | Long             | EC               | CORP              | SE        |     68701 | NS      | $2008550.62   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Baltic Classifieds Group PLC                                 | Baltic Classifieds Group PLC ORD GBP0.01                                  | CUSIP: G07167102<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | GB        |   1001752 | NS      | $5128954.93   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Netease Cloud Music Inc.                                     | Netease Cloud Music Inc. USD0.0001                                        | CUSIP: G2215N109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     58850 | NS      | $1806743.99   | 0.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Apotea AB                                                    | Apotea AB NPV                                                             | CUSIP: W05022111<br>LEI: 6367005D3D7BO6FIEV09 | Long             | EC               | CORP              | SE        |    322307 | NS      | $3004732.89   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Rotem Co Ltd                                         | Hyundai Rotem Co Ltd KRW5000                                              | CUSIP: Y3R36Z108<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |     16986 | NS      | $2473139.45   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuros Biosciences AG                                         | Kuros Biosciences AG CHF0.10(POST SPLIT)                                  | CUSIP: H4769G117<br>LEI: 5299006U5POB2AVTT709 | Long             | EC               | CORP              | CH        |     57965 | NS      | $1988540.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Truecaller AB                                                | Truecaller AB SER'B'NPV                                                   | CUSIP: W9679Z116<br>LEI: 549300TEYF1FA5G5GK26 | Long             | EC               | CORP              | SE        |    322296 | NS      | $2285835.55   | 0.19%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CI&T Inc                                                     | CI&T Inc COM CL A                                                         | CUSIP: G21307106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    160193 | NS      | $956352.21    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Technology Holdings PLC                              | Ashtead Technology Holdings PLC ORD GBP0.05                               | CUSIP: G0609Y103<br>LEI: 213800LHEWVY66RPGR58 | Long             | EC               | CORP              | GB        |    301833 | NS      | $1833326.56   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Corp.                                               | Integral Corp. NPV                                                        | CUSIP: J2401C104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    119800 | NS      | $2657970.21   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Renk Group AG                                                | Renk Group AG NPV                                                         | CUSIP: D6S2UZ108<br>LEI: 894500H8CNSZ53EI6K63 | Long             | EC               | CORP              | DE        |     30121 | NS      | $2407743.02   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Timee Inc.                                                   | Timee Inc. NPV                                                            | CUSIP: J83432104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    329945 | NS      | $4719882.64   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Jentech Precision Industrial Co., Ltd                        | Jentech Precision Industrial Co., Ltd TWD10                               | CUSIP: Y4432G115<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     40000 | NS      | $2067643.43   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vend Marketplaces ASA                                        | Vend Marketplaces ASA SER'A'NOK0.50                                       | CUSIP: R75677105<br>LEI: 5967007LIEEXZXHT0O36 | Long             | EC               | CORP              | NO        |     66788 | NS      | $2352296.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Bank Ltd.                                            | Federal Bank Ltd. INR2                                                    | CUSIP: Y24781182<br>LEI: 335800J8VWGE2HGWF417 | Long             | EC               | CORP              | IN        |    553539 | NS      | $1375585.72   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cartrade Tech Ltd                                            | Cartrade Tech Ltd INR10                                                   | CUSIP: Y6191F105<br>LEI: 984500F5CDO5D86C1326 | Long             | EC               | CORP              | IN        |     59939 | NS      | $1188645.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter & Co Inc.                                              | Inter & Co Inc. CLASS A COM                                               | CUSIP: G4R20B107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    281550 | NS      | $2091916.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Muthoot Microfin Limited                                     | Muthoot Microfin Limited INR10                                            | CUSIP: Y6S914101<br>LEI: 3358009ADOTPMXO2DC72 | Long             | EC               | CORP              | IN        |     70486 | NS      | $117934.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exail Technologies                                           | Exail Technologies EUR1.00                                                | CUSIP: F4606F100<br>LEI: 549300EWC06TYV07XE53 | Long             | EC               | CORP              | FR        |     30068 | NS      | $3506441.74   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB24 Ltd.                                                   | HUB24 Ltd. NPV                                                            | CUSIP: Q4970M176<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     45008 | NS      | $2641395.21   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Poly Medicure Ltd                                            | Poly Medicure Ltd INR5                                                    | CUSIP: Y7062A142<br>LEI: 335800XM9YRKFWFVXO61 | Long             | EC               | CORP              | IN        |     53940 | NS      | $1398565.58   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc.                                                 | Life360 Inc. NPV CDI 3:1                                                  | CUSIP: U5295P104<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |    129725 | NS      | $2747480.54   | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Freshworks Inc                                               | Freshworks Inc CLASS A COM                                                | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               | CORP              | US        |    106288 | NS      | $1584754.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Globaltrans Investment PLC                                   | Globaltrans Investment PLC SPONS GDR RG S                                 | CUSIP: 37949E204<br>LEI: 213800D6EVVEJJW3MD09 | Long             | EC               | CORP              | CY        |      3168 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Vista Energy S.A.B. de C.V.                                  | Vista Energy S.A.B. de C.V. SPON ADS EA REP 1 ORD SHS                     | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |     42286 | NS      | $2021693.66   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Exosens SA                                                   | Exosens SA EUR0.425                                                       | CUSIP: F33896105<br>LEI: 969500R3AKTPEDO9EG76 | Long             | EC               | CORP              | FR        |     55071 | NS      | $2617540.40   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FPT Corp.                                                    | FPT Corp. VND10000                                                        | CUSIP: Y26333107<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    369884 | NS      | $1673792.19   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Definity Financial Corporation                               | Definity Financial Corporation COM                                        | CUSIP: 24477T100<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |     59225 | NS      | $3451946.58   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifedrink Co Inc                                             | Lifedrink Co Inc NPV                                                      | CUSIP: J38829107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    117800 | NS      | $1732581.51   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alk-Abello A/S                                               | Alk-Abello A/S SER'B'DKK0.50                                              | CUSIP: K03294137<br>LEI: 529900SGCREUZCZ7P020 | Long             | EC               | CORP              | DK        |     72672 | NS      | $2144447.89   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Outsurance Group Ltd.                                        | Outsurance Group Ltd. ZAR0.0001                                           | CUSIP: S6815J126<br>LEI: 984500AC307E8L2D9X52 | Long             | EC               | CORP              | ZA        |    431010 | NS      | $1906997.86   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakuten Bank Ltd.                                            | Rakuten Bank Ltd. NPV                                                     | CUSIP: J6S87A100<br>LEI: 3538007HFAF2NOCBUE44 | Long             | EC               | CORP              | JP        |     30000 | NS      | $1378077.15   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nebius Group N.V.                                            | Nebius Group N.V. COM USD0.01 CL 'A'                                      | CUSIP: N97284108<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | EC               | CORP              | NL        |     54703 | NS      | $3026716.99   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                                     | Icon PLC ORD EUR0.06                                                      | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     22342 | NS      | $3249643.90   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                                   | Scout24 SE NPV                                                            | CUSIP: D345XT105<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     45774 | NS      | $6313972.00   | 0.53%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Mips AB                                                      | Mips AB NPV                                                               | CUSIP: W5648N127<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |     38413 | NS      | $1799473.79   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto1 Group                                                  | Auto1 Group NPV                                                           | CUSIP: D0R06D102<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |     89601 | NS      | $2887725.05   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Melrose Industries PLC                                       | Melrose Industries PLC ORD GBP0.001                                       | CUSIP: G5973J210<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |    458794 | NS      | $3342785.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group SpA                                        | Lottomatica Group SpA NPV                                                 | CUSIP: T64384109<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |    160990 | NS      | $4467875.65   | 0.37%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Apr Co. Ltd.                                                 | Apr Co. Ltd. KRW100                                                       | CUSIP: Y0R9CJ118<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     14133 | NS      | $1614781.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkinsrealis Group Inc                                       | Atkinsrealis Group Inc COM                                                | CUSIP: 04764T104<br>LEI: UL01OYG5OMLM5G6CFM03 | Long             | EC               | CORP              | CA        |     31627 | NS      | $2218244.74   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingfisher PLC                                               | Kingfisher PLC ORD GBP0.157142857                                         | CUSIP: G5256E441<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |   1144382 | NS      | $4567991.15   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Essentra PLC                                                 | Essentra PLC ORD GBP0.25                                                  | CUSIP: G3198T105<br>LEI: 5493007MOZNA03BVNE96 | Long             | EC               | CORP              | GB        |   2395924 | NS      | $3518978.78   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Idox                                                         | Idox ORD GBP0.01                                                          | CUSIP: G4706D103<br>LEI: 213800Z3FE6PWVSUGE70 | Long             | EC               | CORP              | GB        |   1116793 | NS      | $1011757.54   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Elementis PLC                                                | Elementis PLC ORD GBP0.05                                                 | CUSIP: G2996U108<br>LEI: 549300LQIH685LI2ML36 | Long             | EC               | CORP              | GB        |   2577005 | NS      | $5659721.70   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lsl Property Services PLC                                    | Lsl Property Services PLC ORD GBP0.002                                    | CUSIP: G571AR102<br>LEI: 213800T4VM5VR3C7S706 | Long             | EC               | CORP              | GB        |    300682 | NS      | $1308357.79   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Blox Holding Ag                                            | U-Blox Holding Ag CHF10.50 (REGD)                                         | CUSIP: H89210100<br>LEI: 506700B2W2NUXS9X8479 | Long             | EC               | CORP              | CH        |     40576 | NS      | $5088300.46   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FDM Group (Holdings) PLC                                     | FDM Group (Holdings) PLC ORD GBP0.01                                      | CUSIP: G3405Y129<br>LEI: 213800YR62D7GUZLMZ71 | Long             | EC               | CORP              | GB        |   1421945 | NS      | $4167163.22   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Steadfast Group Ltd.                                         | Steadfast Group Ltd. NPV                                                  | CUSIP: Q8744R106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   1322005 | NS      | $5229166.56   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Alten SA                                                     | Alten SA NPV                                                              | CUSIP: F02626103<br>LEI: 969500Y7G9TY7Y24GN07 | Long             | EC               | CORP              | FR        |     96293 | NS      | $8444740.54   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Care Ratings Limited                                         | Care Ratings Limited INR10                                                | CUSIP: Y1R7BV106<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |    103469 | NS      | $2157454.13   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitra Adiperkasa Tbk PT                                      | Mitra Adiperkasa Tbk PT IDR50                                             | CUSIP: Y71299104<br>LEI: 254900Z2B7Y7F69ZZZ04 | Long             | EC               | CORP              | ID        |  35288900 | NS      | $2564884.63   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Paint Co Ltd.                                         | Kansai Paint Co Ltd. NPV                                                  | CUSIP: J30255129<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |    421311 | NS      | $5785510.94   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Corp                                                    | Lion Corp NPV                                                             | CUSIP: J38933107<br>LEI: 529900MPGS2GM7VPG855 | Long             | EC               | CORP              | JP        |    279800 | NS      | $2895052.26   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sato Corp (Japan)                                            | Sato Corp (Japan) NPV                                                     | CUSIP: J69682102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    322200 | NS      | $4618039.65   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Famous Brands Ltd                                            | Famous Brands Ltd ZAR0.01                                                 | CUSIP: S2699W101<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    581685 | NS      | $2060108.71   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zuken Inc                                                    | Zuken Inc NPV                                                             | CUSIP: J98974108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    348531 | NS      | $12972647.89  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight Therapeutics Inc                                      | Knight Therapeutics Inc COM NPV                                           | CUSIP: 499053106<br>LEI: 549300LNW93V3HRS7610 | Long             | EC               | CORP              | CA        |    534840 | NS      | $2289786.82   | 0.19%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Pets At Home Group PLC                                       | Pets At Home Group PLC ORD GBP0.01                                        | CUSIP: G7041J107<br>LEI: 2138003Y9ULD24PD3J93 | Long             | EC               | CORP              | GB        |    268670 | NS      | $966229.51    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  19404254 | NS      | $19404253.95  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated British Foods PLC                                 | Associated British Foods PLC ORD 5 15/22P                                 | CUSIP: G05600138<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |    225914 | NS      | $6381875.80   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                                         | Rentokil Initial PLC ORD GBP0.01                                          | CUSIP: G7494G105<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | GB        |    109546 | NS      | $529446.87    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                                 | Unilever PLC ORD GBP0.031111                                              | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    231328 | NS      | $14050808.37  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                                   | Diageo PLC ORD GBP0.28 101/108                                            | CUSIP: G42089113<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |    338074 | NS      | $8482967.36   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Relx PLC                                                     | Relx PLC ORD GBP0.1444                                                    | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    153139 | NS      | $8275820.34   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Pearson PLC                                                  | Pearson PLC ORD GBP0.25                                                   | CUSIP: G69651100<br>LEI: 2138004JBXWWJKIURC57 | Long             | EC               | CORP              | GB        |    270651 | NS      | $3980720.13   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC                                     | Lloyds Banking Group PLC ORD GBP0.1                                       | CUSIP: G5533W248<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |   7258506 | NS      | $7641919.11   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                                           | Suncor Energy Inc. COM NPV 'NEW'                                          | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |    227563 | NS      | $8524316.97   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Corp                                                   | Nokia Corp SPON ADR-REP 1 ORD NPV                                         | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    728842 | NS      | $3775401.56   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                                      | Arch Capital Group Ltd. COM USD0.01                                       | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |    150561 | NS      | $13708579.05  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                                 | Capgemini SE EUR8                                                         | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |     23637 | NS      | $4038657.08   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                                    | Safran SA EUR0.20                                                         | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     30273 | NS      | $9838616.95   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                                    | Fresenius Medical Care AG NPV                                             | CUSIP: D2734Z107<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     55214 | NS      | $3164163.72   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Corp                                                   | Nokia Corp NPV                                                            | CUSIP: X61873133<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    431362 | NS      | $2238789.53   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alstom SA                                                    | Alstom SA EUR7.00                                                         | CUSIP: F0259M475<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |     34240 | NS      | $798593.62    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Barry Callebaut AG                                           | Barry Callebaut AG CHF0.02 (REGD)                                         | CUSIP: H05072105<br>LEI: 213800Y5RWKLDPUTT265 | Long             | EC               | CORP              | CH        |      4564 | NS      | $4969810.32   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| HCL Technologies Ltd.                                        | HCL Technologies Ltd. INR2                                                | CUSIP: Y3121G147<br>LEI: 549300C1F8OLYSOQYB65 | Long             | EC               | CORP              | IN        |    471620 | NS      | $9506090.63   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group N.V                                    | Universal Music Group N.V EUR10.00                                        | CUSIP: N90313102<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    136338 | NS      | $4413270.41   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Pluxee NV                                                    | Pluxee NV EUR0.01                                                         | CUSIP: N8000Y103<br>LEI: 213800RQNIQT48SEEO85 | Long             | EC               | CORP              | NL        |    108799 | NS      | $2369674.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkeley Group Holdings PLC                                  | Berkeley Group Holdings PLC ORD GBP0.05611047                             | CUSIP: G1191G153<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |     61812 | NS      | $3275065.07   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize Ltd.                                                  | Amrize Ltd. USD0.01                                                       | CUSIP: H2927K103<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | CH        |     71632 | NS      | $3573249.18   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated British Foods PLC                                 | Associated British Foods PLC ORD 5 15/22P                                 | CUSIP: G05600138<br>LEI: GBQKSY6W7G0OHCQ8OQ72 | Long             | EC               | CORP              | GB        |      2735 | NS      | $77261.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                                       | Standard Chartered PLC ORD USD0.50                                        | CUSIP: G84228157<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |    108800 | NS      | $1802586.02   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunzl PLC                                                    | Bunzl PLC ORD GBP0.32142857                                               | CUSIP: G16968110<br>LEI: 213800Q1Q9DV4L78UM09 | Long             | EC               | CORP              | GB        |      5069 | NS      | $161424.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                                 | 3i Group PLC ORD GBP0.738636                                              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     27355 | NS      | $1547012.30   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Informa PLC                                                  | Informa PLC ORD GBP0.001                                                  | CUSIP: G4770L106<br>LEI: 5493006VM2LKUPSEDU20 | Long             | EC               | CORP              | GB        |     25000 | NS      | $276520.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                                | Koninklijke Ahold Delhaize NV EUR0.01                                     | CUSIP: N0074E105<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     17656 | NS      | $738324.98    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank ABP                                              | Nordea Bank ABP NPV                                                       | CUSIP: X5S8VL105<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |     46541 | NS      | $692637.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosus NV                                                    | Prosus NV EUR0.05 (N SHARES)                                              | CUSIP: N7163R103<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | EC               | CORP              | NL        |      2587 | NS      | $144658.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Thungela Resources Limited                                   | Thungela Resources Limited NPV                                            | CUSIP: S84485101<br>LEI: 213800EGYK3BN3SRIF27 | Long             | EC               | CORP              | ZA        |      5284 | NS      | $25131.93     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwool A/S                                                 | Rockwool A/S SER'B'DKK1                                                   | CUSIP: K8254S250<br>LEI: 213800QRC7LNX935OZ09 | Long             | EC               | CORP              | DK        |      2450 | NS      | $114652.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial N.V.                                          | CNH Industrial N.V. COM EUR0.01                                           | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     10667 | NS      | $139222.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands International Inc                          | Restaurant Brands International Inc COM NPV                               | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      1306 | NS      | $86574.74     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| South32 Ltd.                                                 | South32 Ltd. NPV                                                          | CUSIP: Q86668102<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |     57859 | NS      | $110812.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                                            | Compass Group PLC ORD GBP0.1105                                           | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     29675 | NS      | $1004892.74   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Electrolux Professional AB                                   | Electrolux Professional AB SER'B'NPV                                      | CUSIP: W2457W116<br>LEI: 254900KI62Q46ZWD8084 | Long             | EC               | CORP              | SE        |      7501 | NS      | $53120.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DnB Bank ASA                                                 | DnB Bank ASA NOK12.50                                                     | CUSIP: R1R15X100<br>LEI: 549300GKFG0RYRRQ1414 | Long             | EC               | CORP              | NO        |     12068 | NS      | $333565.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                                    | Shell PLC SPON ADS                                                        | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      7350 | NS      | $517513.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Amadeus IT Group SA                                          | Amadeus IT Group SA EUR0.01                                               | CUSIP: E04648114<br>LEI: 9598004A3FTY3TEHHN09 | Long             | EC               | CORP              | ES        |      5299 | NS      | $446175.13    | 0.04%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Pembina Pipeline Corporation                                 | Pembina Pipeline Corporation COM NPV                                      | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     23037 | NS      | $864117.87    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                                  | Shopify Inc COM NPV CL A                                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      4544 | NS      | $524090.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                                                | Assa Abloy AB SER'B'NPV                                                   | CUSIP: W0817X204<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     22200 | NS      | $692686.74    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Concordia Financial Group Ltd.                               | Concordia Financial Group Ltd. NPV                                        | CUSIP: J08613101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     55900 | NS      | $363803.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                                                    | Essity AB SER'B'NPV                                                       | CUSIP: W3R06F100<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |      8600 | NS      | $238159.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd.                                       | CK Asset Holdings Ltd. HKD1                                               | CUSIP: G2177B101<br>LEI: 5299006GJZSGP78B8S35 | Long             | EC               | CORP              | HK        |     44544 | NS      | $196335.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel N.V.                                              | Akzo Nobel N.V. EUR0.50(POST REV SPLIT)                                   | CUSIP: N01803308<br>LEI: 724500XYIJUGXAA5QD70 | Long             | EC               | CORP              | NL        |       459 | NS      | $32116.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                                               | TC Energy Corp COM NPV                                                    | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     20043 | NS      | $977897.97    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                               | Atlas Copco AB SER'B'NPV                                                  | CUSIP: W1R924229<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     15920 | NS      | $226241.06    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Generale des Etablissements Michelin               | Compagnie Generale des Etablissements Michelin EUR0.50 (POST SUBDIVISION) | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |      8124 | NS      | $301827.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| South Bow Corp.                                              | South Bow Corp. COM                                                       | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |      1080 | NS      | $27982.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                                           | Kinross Gold Corp. COM NPV                                                | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     34300 | NS      | $536109.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                                    | Airbus SE EUR1                                                            | CUSIP: N0280G100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      6167 | NS      | $1287690.77   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                                                       | EDP SA EUR1(REGD)                                                         | CUSIP: X67925119<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |     20567 | NS      | $89203.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc                                           | Cenovus Energy Inc COM NPV                                                | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     16224 | NS      | $220767.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria De Diseno Textil SA                                | Industria De Diseno Textil SA EUR0.03 (POST SUBD)                         | CUSIP: E6282J125<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     12493 | NS      | $650158.65    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Mediolanum SpA                                         | Banca Mediolanum SpA NPV                                                  | CUSIP: T1R88K108<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |     25272 | NS      | $435225.04    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Demant A/S                                                   | Demant A/S DKK0.20                                                        | CUSIP: K3008M105<br>LEI: 213800RM6L9LN78BVA56 | Long             | EC               | CORP              | DK        |      3896 | NS      | $162514.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| M&G PLC                                                      | M&G PLC ORD GBP0.05                                                       | CUSIP: G6107R102<br>LEI: 254900TWUJUQ44TQJY84 | Long             | EC               | CORP              | GB        |      9085 | NS      | $32049.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Valterra Platinum Ltd.                                       | Valterra Platinum Ltd. ZAR0.10                                            | CUSIP: S9122P108<br>LEI: 529900RORCZ0E5S5FX81 | Long             | EC               | CORP              | ZA        |      5407 | NS      | $237501.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UPM-Kymmene Corporation                                      | UPM-Kymmene Corporation NPV                                               | CUSIP: X9518S108<br>LEI: 213800EC6PW5VU4J9U64 | Long             | EC               | CORP              | FI        |     11934 | NS      | $325575.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Stora Enso Oyj                                               | Stora Enso Oyj SER'R'NPV                                                  | CUSIP: X8T9CM113<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     15829 | NS      | $171988.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                                          | Erste Group Bank AG NPV                                                   | CUSIP: A19494102<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      1727 | NS      | $147081.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International                                         | Hermes International NPV                                                  | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |       376 | NS      | $1018248.33   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                                       | ASM International N.V. EUR0.04                                            | CUSIP: N07045201<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |       444 | NS      | $284203.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Randstad N.V                                                 | Randstad N.V EUR0.10                                                      | CUSIP: N7291Y137<br>LEI: 7245009EAAUUQJ0U4T57 | Long             | EC               | CORP              | NL        |       209 | NS      | $9650.71      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                                | Beiersdorf AG NPV                                                         | CUSIP: D08792109<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |       828 | NS      | $103971.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                                      | Heidelberg Materials AG NPV                                               | CUSIP: D31709104<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |      4440 | NS      | $1043143.13   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                                   | Allianz SE NPV(REGD)(VINKULIERT)                                          | CUSIP: D03080112<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      6391 | NS      | $2590480.82   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Reinsurance AG                                        | Munich Reinsurance AG NPV(REGD)                                           | CUSIP: D55535104<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      2810 | NS      | $1822507.89   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                               | Rheinmetall AG NPV                                                        | CUSIP: D65111102<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       662 | NS      | $1401305.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona SA                                                   | Acciona SA EUR1                                                           | CUSIP: E0008Z109<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |      1260 | NS      | $226788.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                                       | UCB SA NPV                                                                | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |      2245 | NS      | $441498.93    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                                    | Repsol SA EUR1                                                            | CUSIP: E8471S130<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |     20840 | NS      | $305260.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                                        | Banco Santander, S.A. EUR0.50(REGD)                                       | CUSIP: E19790109<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     51052 | NS      | $422580.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Naturgy Energy Group S.A.                                    | Naturgy Energy Group S.A. EUR1                                            | CUSIP: E7S90S109<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |     10622 | NS      | $337829.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                                   | Siemens AG NPV(REGD)                                                      | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |     12193 | NS      | $3126051.56   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                                          | Deutsche Telekom AG NPV(REGD)                                             | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     17468 | NS      | $637252.11    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo S.p.A.                                              | Leonardo S.p.A. NPV                                                       | CUSIP: T6S996112<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |     10070 | NS      | $566764.33    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                                     | Infineon Technologies AG ORD NPV (REGD)                                   | CUSIP: D35415104<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     20563 | NS      | $874784.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                       | Chocoladefabriken Lindt & Spruengli AG CHF100 (REGD)                      | CUSIP: H49983176<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |         3 | NS      | $499842.46    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG                       | Chocoladefabriken Lindt & Spruengli AG CHF10 (PTG CERT)                   | CUSIP: H49983184<br>LEI: 529900JYJNNOKKAGK736 | Long             | EP               | CORP              | CH        |        34 | NS      | $572058.73    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale S.A.                                        | Societe Generale S.A. EUR1.25                                             | CUSIP: F8591M517<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |     14443 | NS      | $825987.62    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN N.V.                                         | Koninklijke KPN N.V. EUR0.04                                              | CUSIP: N4297B146<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |     65970 | NS      | $321405.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Givaudan SA                                                  | Givaudan SA CHF10                                                         | CUSIP: H3238Q102<br>LEI: 213800SVRMQA1TD91D41 | Long             | EC               | CORP              | CH        |       140 | NS      | $677723.86    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                                    | Zurich Insurance Group AG CHF0.10                                         | CUSIP: H9870Y105<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |      2334 | NS      | $1631402.61   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ACS Actividades De Construccion Y Servicios S.A.             | ACS Actividades De Construccion Y Servicios S.A. EUR0.5                   | CUSIP: E7813W163<br>LEI: 95980020140005558665 | Long             | EC               | CORP              | ES        |      5734 | NS      | $398169.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.                      | TERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22                       | CUSIP: T9471R100<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |     34652 | NS      | $356180.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                                                    | Neste Oyj NPV                                                             | CUSIP: X5688A109<br>LEI: 5493009GY1X8GQ66AM14 | Long             | EC               | CORP              | FI        |     21225 | NS      | $288022.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kone Oyj                                                     | Kone Oyj SER'B'NPV                                                        | CUSIP: X4551T105<br>LEI: 2138001CNF45JP5XZK38 | Long             | EC               | CORP              | FI        |      3256 | NS      | $214322.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Avolta AG                                                    | Avolta AG CHF5 (REGD)                                                     | CUSIP: H2082J107<br>LEI: 549300X53WDBVW7TIF57 | Long             | EC               | CORP              | CH        |       384 | NS      | $20820.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                                         | Schindler Holding AG CHF0.10 (PTG CERT)                                   | CUSIP: H7258G209<br>LEI: 5299007DRLI319H7Q933 | Long             | EP               | CORP              | CH        |       755 | NS      | $280704.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                                              | Norsk Hydro ASA NOK1.098                                                  | CUSIP: R61115102<br>LEI: 549300N1SDN71ZZ8BO45 | Long             | EC               | CORP              | NO        |     23955 | NS      | $136751.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc.                                  | Constellation Software Inc. COM STK NPV                                   | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       307 | NS      | $1125692.97   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                                            | Wolters Kluwer NV EUR0.12                                                 | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |      6193 | NS      | $1035531.63   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                                         | Galp Energia SGPS SA EUR1                                                 | CUSIP: X3078L108<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |     14452 | NS      | $265059.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC                                   | United Utilities Group PLC ORD GBP0.05                                    | CUSIP: G92755100<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |      8137 | NS      | $127497.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Treasury Wine Estates Ltd.                                   | Treasury Wine Estates Ltd. NPV                                            | CUSIP: Q9194S107<br>LEI: 529900LVOPJGAX6ILK66 | Long             | EC               | CORP              | AU        |     12261 | NS      | $63023.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ageas SA/NV                                                  | Ageas SA/NV NPV                                                           | CUSIP: B0148L138<br>LEI: 5493005DJBML6LY3RV36 | Long             | EC               | CORP              | BE        |      7120 | NS      | $480994.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                            | ASML Holding N.V. EUR0.09                                                 | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      1853 | NS      | $1479025.66   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                                        | Schneider Electric SE EUR4.00                                             | CUSIP: F86921107<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |       278 | NS      | $73918.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                                             | UniCredit S.p.A. NPV                                                      | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     61398 | NS      | $4115946.31   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Alleima AB                                                   | Alleima AB NPV                                                            | CUSIP: W74925103<br>LEI: 529900EBHTYGLA6PGP77 | Long             | EC               | CORP              | SE        |      2065 | NS      | $16315.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX Ltd.                                                     | ASX Ltd. NPV                                                              | CUSIP: Q0604U105<br>LEI: 549300VSBVYUCBIQKT71 | Long             | EC               | CORP              | AU        |       288 | NS      | $13222.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aisin Corp.                                                  | Aisin Corp. NPV                                                           | CUSIP: J00714105<br>LEI: 3538004IOK08PDY6I723 | Long             | EC               | CORP              | JP        |      6900 | NS      | $88499.01     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ajinomoto Co Inc.                                            | Ajinomoto Co Inc. NPV                                                     | CUSIP: J00882126<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     30000 | NS      | $814346.72    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MTR Corp Ltd.                                                | MTR Corp Ltd. NPV                                                         | CUSIP: Y6146T101<br>LEI: 254900IH4U9NHH9AQM97 | Long             | EC               | CORP              | HK        |     16500 | NS      | $59274.26     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Group Holdings Ltd                                     | Asahi Group Holdings Ltd NPV                                              | CUSIP: J02100113<br>LEI: 353800KAJ02XNHLCJW79 | Long             | EC               | CORP              | JP        |     16500 | NS      | $220851.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Kasei Corp.                                            | Asahi Kasei Corp. NPV                                                     | CUSIP: J0242P110<br>LEI: 353800GPI4Z3MGDGN142 | Long             | EC               | CORP              | JP        |     13000 | NS      | $92712.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC Hong Kong (Holdings) Ltd.                                | BOC Hong Kong (Holdings) Ltd. NPV                                         | CUSIP: Y0920U103<br>LEI: 254900JB98W77JDJMW15 | Long             | EC               | CORP              | HK        |     46000 | NS      | $199822.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ANZ Group Holdings Ltd.                                      | ANZ Group Holdings Ltd. NPV                                               | CUSIP: Q0429F119<br>LEI: 9845005D9C6BAA10BK72 | Long             | EC               | CORP              | AU        |     10590 | NS      | $203239.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd.                            | Oversea-Chinese Banking Corp Ltd. NPV                                     | CUSIP: Y64248209<br>LEI: 5493007O3QFXCPOGWK22 | Long             | EC               | CORP              | SG        |      5200 | NS      | $66702.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Link Real Estate Investment Trust                            | Link Real Estate Investment Trust UNITS                                   | CUSIP: Y5281M111<br>LEI: 529900XUE70U36QX5M62 | Long             | EC               | CORP              | HK        |     40500 | NS      | $216173.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brother Industries Ltd                                       | Brother Industries Ltd NPV                                                | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |      5100 | NS      | $88219.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| City Developments Ltd.                                       | City Developments Ltd. NPV                                                | CUSIP: V23130111<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |      5000 | NS      | $20408.97     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RIO Tinto Limited                                            | RIO Tinto Limited NPV                                                     | CUSIP: Q81437107<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |     16999 | NS      | $1198558.91   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KDDI Corp                                                    | KDDI Corp NPV                                                             | CUSIP: J31843105<br>LEI: 5299003FU7V4I45FU310 | Long             | EC               | CORP              | JP        |     59524 | NS      | $1025099.96   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi HC Capital Inc.                                   | Mitsubishi HC Capital Inc. NPV                                            | CUSIP: J4706D100<br>LEI: 353800MZ3QX9RLMH7B09 | Long             | EC               | CORP              | JP        |     12900 | NS      | $94999.83     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Redeia Corporacion S.A.                                      | Redeia Corporacion S.A. EUR0.5                                            | CUSIP: E42807110<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |      3164 | NS      | $67645.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                                      | Sika AG CHF0.01 (REG)                                                     | CUSIP: H7631K273<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |      3517 | NS      | $954769.42    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Parkland Corporation                                         | Parkland Corporation COM                                                  | CUSIP: 70137W108<br>LEI: 549300UY5C6HUV0XLS53 | Long             | EC               | CORP              | CA        |      7809 | NS      | $220894.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                                    | Shell PLC ORD EUR0.07                                                     | CUSIP: G80827101<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     11396 | NS      | $399436.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Life Holding AG                                        | Swiss Life Holding AG CHF0.1 (REGD)                                       | CUSIP: H8404J162<br>LEI: 5493000KUC3Z24U77V93 | Long             | EC               | CORP              | CH        |       743 | NS      | $751568.21    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                                              | Iberdrola, S.A. EUR0.75                                                   | CUSIP: E6165F166<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     71017 | NS      | $1362731.51   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Macquarie Group Ltd.                                         | Macquarie Group Ltd. NPV                                                  | CUSIP: Q57085286<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | EC               | CORP              | AU        |      7819 | NS      | $1177061.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Getlink SE                                                   | Getlink SE EUR0.40                                                        | CUSIP: F4R053105<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | EC               | CORP              | FR        |      6524 | NS      | $125956.27    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollarama Inc                                                | Dollarama Inc COM NPV                                                     | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      7013 | NS      | $988128.74    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Edenred SA                                                   | Edenred SA EUR2                                                           | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |      1697 | NS      | $52553.22     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Adidas AG                                                    | Adidas AG NPV (REGD)                                                      | CUSIP: D0066B185<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      1793 | NS      | $418083.17    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                            | ASML Holding N.V. NY REGISTRY SHS                                         | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       204 | NS      | $163483.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Recruit Holdings Co Ltd.                                     | Recruit Holdings Co Ltd. NPV                                              | CUSIP: J6433A101<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      2400 | NS      | $142245.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Handelsbanken AB                                     | Svenska Handelsbanken AB SER'A'NPV                                        | CUSIP: W9112U104<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | EC               | CORP              | SE        |     12497 | NS      | $167029.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| International Petroleum Corp                                 | International Petroleum Corp COM NPV                                      | CUSIP: 46016U108<br>LEI: 54930025D80LU0SMR645 | Long             | EC               | CORP              | CA        |      1100 | NS      | $17882.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group N.V                                    | Universal Music Group N.V EUR10.00                                        | CUSIP: N90313102<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |      9292 | NS      | $300782.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Iveco Group NV                                               | Iveco Group NV EUR0.01                                                    | CUSIP: N47017103<br>LEI: 549300ZWF2ZJDD9EOR96 | Long             | EC               | CORP              | NL        |      2133 | NS      | $41959.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                               | Atlas Copco AB SER'A'NPV                                                  | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     38416 | NS      | $620647.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                                     | Rolls-Royce Holdings PLC ORD GBP0.20                                      | CUSIP: G76225104<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    120868 | NS      | $1605340.01   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa                            | Compagnie Financiere Richemont Sa CHF1 (REGD)                             | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |       630 | NS      | $118663.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmet Oyj                                                   | Valmet Oyj NPV                                                            | CUSIP: X96478114<br>LEI: 213800D9O7FUQDH83V62 | Long             | EC               | CORP              | FI        |      1849 | NS      | $57216.84     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                                  | Shopify Inc COM NPV CL A                                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |       795 | NS      | $91703.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                                    | Flutter Entertainment PLC ORD EUR0.09 (DI)                                | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      2158 | NS      | $611393.71    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                            | National Grid PLC ORD GBP0.12431289                                       | CUSIP: G6S9A7120<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     30507 | NS      | $444507.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Trisura Group Ltd                                            | Trisura Group Ltd COM NPV (POST REV SPLIT)                                | CUSIP: 89679A209<br>LEI: 549300S7H452RZFP8305 | Long             | EC               | CORP              | CA        |       416 | NS      | $13527.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Relx PLC                                                     | Relx PLC ORD GBP0.1444                                                    | CUSIP: G7493L105<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      9953 | NS      | $538372.38    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EssilorLuxottica SA                                          | EssilorLuxottica SA EUR0.18                                               | CUSIP: F31665106<br>LEI: 549300M3VH1A3ER1TB49 | Long             | EC               | CORP              | FR        |       591 | NS      | $162346.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG                                     | Daimler Truck Holding AG NPV                                              | CUSIP: D1T3RZ100<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |      5205 | NS      | $246291.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sampo PLC                                                    | Sampo PLC NPV A                                                           | CUSIP: X75653232<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |     20310 | NS      | $216255.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                                           | Anglo American PLC ORD USD0.623855311355311                               | CUSIP: G03764142<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |     46545 | NS      | $1373634.93   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC                             | Sensata Technologies Holding PLC COM EUR0.01                              | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     94502 | NS      | $2845455.22   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                                            | Compass Group PLC ORD GBP0.1105                                           | CUSIP: G23296208<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    243260 | NS      | $8237580.74   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Gruma S.A.B.de C.V.                                          | Gruma S.A.B.de C.V. SER'B' NPV                                            | CUSIP: P4948K121<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |     80829 | NS      | $1394655.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson Public Limited Company                  | Willis Towers Watson Public Limited Company COM USD0.000304635            | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     24128 | NS      | $7395232.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER Corp.                                                  | NAVER Corp. KRW100                                                        | CUSIP: Y62579100<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |     14975 | NS      | $2912668.57   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven & i Holdings Co Ltd.                                   | Seven & i Holdings Co Ltd. NPV                                            | CUSIP: J7165H108<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |    158992 | NS      | $2564761.06   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd.                                       | Daikin Industries Ltd. NPV                                                | CUSIP: J10038115<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |     19700 | NS      | $2329033.71   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Olympus Corp.                                                | Olympus Corp. NPV                                                         | CUSIP: J61240107<br>LEI: 5299000Y52IFDI1I2A21 | Long             | EC               | CORP              | JP        |    193600 | NS      | $2305642.17   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                                                    | Danone SA EUR0.25                                                         | CUSIP: F12033134<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |    187455 | NS      | $15315564.35  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.                                  | Samsung Electronics Co Ltd. KRW100                                        | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    279056 | NS      | $12364810.91  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial N.V.                                          | CNH Industrial N.V. COM EUR0.01                                           | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    222270 | NS      | $2880619.20   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo S.A.                                                  | Sodexo S.A. EUR4                                                          | CUSIP: F84941123<br>LEI: 969500LCBOG12HXPYM84 | Long             | EC               | CORP              | FR        |     51917 | NS      | $3192324.15   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                  | Novartis AG CHF0.49 (REGD)                                                | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    113830 | NS      | $13796749.76  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Groupe Bruxelles Lambert SA                                  | Groupe Bruxelles Lambert SA NPV                                           | CUSIP: B4746J115<br>LEI: 549300KV0ZEHT2KVU152 | Long             | EC               | CORP              | BE        |     49440 | NS      | $4210596.74   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                                    | Holcim AG CHF2 (REGD)                                                     | CUSIP: H3816Q102<br>LEI: 529900EHPFPYHV6IQO98 | Long             | EC               | CORP              | CH        |     71632 | NS      | $5317442.56   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd.                                                     | ABB Ltd. CHF0.12 (REGD)                                                   | CUSIP: H0010V101<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |    212943 | NS      | $12696872.30  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                                                  | Brenntag SE NPV                                                           | CUSIP: D12459117<br>LEI: NNROIXVWJ7CPSR27SV97 | Long             | EC               | CORP              | DE        |    124681 | NS      | $8253981.35   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                                   | Alibaba Group Holding Ltd. USD0.000003125                                 | CUSIP: G01719114<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |    422076 | NS      | $5903724.84   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                                     | Icon PLC ORD EUR0.06                                                      | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |     46117 | NS      | $6707717.65   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Financiere Richemont Sa                            | Compagnie Financiere Richemont Sa CHF1 (REGD)                             | CUSIP: H25662182<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     40668 | NS      | $7660007.06   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung C&T Corporation                                      | Samsung C&T Corporation KRW100                                            | CUSIP: Y7T71K106<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |     12327 | NS      | $1474198.13   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                                 | UBS Group AG USD0.10 (REGD)                                               | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |    302372 | NS      | $10232135.86  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                                         | Ryanair Holdings PLC ORD EUR0.006                                         | CUSIP: G7727C186<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    213568 | NS      | $6042770.14   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon AB                                                   | Hexagon AB SER'B'NPV                                                      | CUSIP: W4R431112<br>LEI: 549300WJFW6ILNI4TA80 | Long             | EC               | CORP              | SE        |     25557 | NS      | $257058.43    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                                                    | Epiroc AB SER'A'NPV                                                       | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |      9604 | NS      | $208506.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Investor AB                                                  | Investor AB SER'B'NPV                                                     | CUSIP: W5R777115<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |     43812 | NS      | $1295480.03   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                                                    | Epiroc AB SER'B'NPV                                                       | CUSIP: W25918157<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |      4000 | NS      | $76525.49     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                                                 | Experian PLC ORD USD0.10                                                  | CUSIP: G32655105<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |     96653 | NS      | $4977806.39   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                              | AstraZeneca PLC ORD USD0.25                                               | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     38991 | NS      | $5416325.04   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited                           | Canadian Natural Resources Limited COM NPV                                | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    133230 | NS      | $4187438.22   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                              | ICICI Bank Ltd. SPON ADR EACH REP 2 ORD SHS                               | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    196801 | NS      | $6620385.64   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Barratt Redrow PLC                                           | Barratt Redrow PLC ORD GBP0.10                                            | CUSIP: G08288105<br>LEI: 2138006R85VEOF5YNK29 | Long             | EC               | CORP              | GB        |     15447 | NS      | $96665.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sainsbury (J) PLC                                            | Sainsbury (J) PLC ORD GBP0.28571428                                       | CUSIP: G77732173<br>LEI: 213800VGZAAJIKJ9Y484 | Long             | EC               | CORP              | GB        |    216546 | NS      | $861406.97    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC                              | London Stock Exchange Group PLC ORD GBP0.06918604                         | CUSIP: G5689U103<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      6030 | NS      | $880267.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                                 | Unilever PLC ORD GBP0.031111                                              | CUSIP: G92087165<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |      5720 | NS      | $347431.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitbread Group PLC                                          | Whitbread Group PLC ORD GBP0.76797385                                     | CUSIP: G9606P197<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |      2756 | NS      | $106794.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                                  | Reckitt Benckiser Group PLC ORD GBP0.10                                   | CUSIP: G74079107<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |      8289 | NS      | $563774.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Burberry Group PLC                                           | Burberry Group PLC ORD GBP0.0005                                          | CUSIP: G1700D105<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |      8193 | NS      | $132929.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                                           | Deutsche Boerse AG NPV(REGD)                                              | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |       910 | NS      | $296818.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axa SA                                                       | Axa SA EUR2.29                                                            | CUSIP: F06106102<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     21399 | NS      | $1050373.78   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                               | BNP Paribas SA EUR2                                                       | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     14067 | NS      | $1264639.49   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Strabag SE                                                   | Strabag SE NPV (BR)                                                       | CUSIP: A8363A118<br>LEI: 529900TYYSRJH2VJSP60 | Long             | EC               | CORP              | AT        |       391 | NS      | $37168.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IQE PLC                                                      | IQE PLC ORD GBP0.01                                                       | CUSIP: G49356119<br>LEI: 213800Y33WHD3ESJJP16 | Long             | EC               | CORP              | GB        |  16957926 | NS      | $2397561.71   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| M&C Saatchi PLC                                              | M&C Saatchi PLC ORD GBP0.01                                               | CUSIP: G5941C107<br>LEI: 213800XBLFQZ1T1KBA87 | Long             | EC               | CORP              | GB        |   3267476 | NS      | $8678670.67   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| FD Technologies PLC                                          | FD Technologies PLC ORD GBP0.005                                          | CUSIP: G3466Z106<br>LEI: 213800MKQAJ5R7WIU633 | Long             | EC               | CORP              | GB        |     30000 | NS      | $1004779.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitzrocell Co Ltd                                            | Vitzrocell Co Ltd KRW500                                                  | CUSIP: Y9385M100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    202913 | NS      | $4247400.90   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Matters Incorporation                                   | Real Matters Incorporation COM                                            | CUSIP: 75601Y100<br>LEI: 54930038CQZBR1KZYE22 | Long             | EC               | CORP              | CA        |    368823 | NS      | $1505897.47   | 0.13%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Impro Precision Industries Limited                           | Impro Precision Industries Limited HKD0.1                                 | CUSIP: G4723A108<br>LEI: 2549009NAG20HWV31U35 | Long             | EC               | CORP              | KY        |  15246670 | NS      | $5729676.81   | 0.48%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Allfunds Group Plc                                           | Allfunds Group Plc EUR0.0025                                              | CUSIP: G0236L102<br>LEI: 9598005U8TZQ8Q64SC71 | Long             | EC               | CORP              | GB        |    382519 | NS      | $2928823.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sesa S.p.A. (Gia/ Made In Italy 1 SpA)                       | Sesa S.p.A. (Gia/ Made In Italy 1 SpA) NPV                                | CUSIP: T8T09M129<br>LEI: 81560005C031D4E76707 | Long             | EC               | CORP              | IT        |     22228 | NS      | $2255706.34   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxfer Holdings PLC                                          | Luxfer Holdings PLC ORD GBP0.50                                           | CUSIP: G5698W116<br>LEI: 21380045UF5SJYZOXE41 | Long             | EC               | CORP              | GB        |    312700 | NS      | $3808686.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Advancedadvt Limited                                         | Advancedadvt Limited ORD NPV (DI)                                         | CUSIP: G0103J107<br>LEI: 254900WYO35S1T334A28 | Long             | EC               | CORP              | VG        |   1927022 | NS      | $4364459.32   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Spir Group ASA                                               | Spir Group ASA NOK0.02                                                    | CUSIP: R7787E104<br>LEI: 549300VZZ36ASJJOMO23 | Long             | EC               | CORP              | NO        |   1456173 | NS      | $1349351.73   | 0.11%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Permanent TSB Group Holdings PLC                             | Permanent TSB Group Holdings PLC ORD EUR0.50                              | CUSIP: G7015D110<br>LEI: 635400DTNHVYGZODKQ93 | Long             | EC               | CORP              | IE        |      6141 | NS      | $14322.91     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Glenveagh Properties PLC                                     | Glenveagh Properties PLC ORD EUR0.001                                     | CUSIP: G39155109<br>LEI: 635400QUQ2YYGMOAK834 | Long             | EC               | CORP              | IE        |   9285265 | NS      | $18768885.18  | 1.57%             |  |  |  | Yes           |                  1 | On Loan: No      |
| IQE PLC 0%                                                   | IQE PLC 0%                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2053408 | PA      | $2577055.67   | 0.22%             | 2026-03-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Sabre Insurance Group PLC                                    | Sabre Insurance Group PLC ORD GBP0.001                                    | CUSIP: G7739M107<br>LEI: 2138006RXRQ8P8VKGV98 | Long             | EC               | CORP              | GB        |   2262271 | NS      | $4589642.89   | 0.39%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Medmix Ag                                                    | Medmix Ag CHF0.01                                                         | CUSIP: H5316Q102<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |    187268 | NS      | $2851090.10   | 0.24%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Signify NV                                                   | Signify NV EUR0.01                                                        | CUSIP: N8063K107<br>LEI: 549300072P3J1X8NZO35 | Long             | EC               | CORP              | NL        |    293284 | NS      | $7938990.57   | 0.67%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Pluxee NV                                                    | Pluxee NV EUR0.01                                                         | CUSIP: N8000Y103<br>LEI: 213800RQNIQT48SEEO85 | Long             | EC               | CORP              | NL        |     95563 | NS      | $2081390.54   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                                 | Ferrovial SE EUR0.01                                                      | CUSIP: N3168P101<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |        39 | NS      | $2079.25      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SGS SA                                                       | SGS SA CHF0.04 (REGD)                                                     | CUSIP: H63838116<br>LEI: 2138007JNS19JHNA2336 | Long             | EC               | CORP              | CH        |       367 | NS      | $37234.23     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                                       | Agnico Eagle Mines Ltd COM NPV                                            | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |      9900 | NS      | $1177407.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Corporation of Canada                                  | Power Corporation of Canada SUB-VTG NPV                                   | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |      2253 | NS      | $88002.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                             | TotalEnergies SE SPON ADS EA REP 1 ORD SHS                                | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      3356 | NS      | $206024.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                              | AstraZeneca PLC SPON ADR EACH REP 0.50 ORD                                | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     29537 | NS      | $2064045.56   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Intact Financial Corp.                                       | Intact Financial Corp. COM NPV                                            | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |       415 | NS      | $96500.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                                                  | Aker BP ASA NOK1                                                          | CUSIP: R0139K100<br>LEI: 549300NFTY73920OYK69 | Long             | EC               | CORP              | NO        |     30933 | NS      | $791170.84    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sompo Holdings Inc.                                          | Sompo Holdings Inc. NPV                                                   | CUSIP: J7621A101<br>LEI: 353800CWW4SRGEYEB512 | Long             | EC               | CORP              | JP        |       800 | NS      | $24138.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kion Group AG                                                | Kion Group AG NPV                                                         | CUSIP: D4S14D103<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |      1916 | NS      | $106618.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumine Group Inc                                             | Lumine Group Inc SUB VTG SHS                                              | CUSIP: 55027C106<br>LEI: 984500E3C44B9D44M738 | Long             | EC               | CORP              | CA        |       921 | NS      | $32349.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intertek Group PLC                                           | Intertek Group PLC ORD GBP0.01                                            | CUSIP: G4911B108<br>LEI: 2138003GAT25WW1RN369 | Long             | EC               | CORP              | GB        |      1567 | NS      | $101954.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Next PLC                                                     | Next PLC ORD GBP0.10                                                      | CUSIP: G6500M106<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |      2141 | NS      | $365592.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Group NV                                                 | KBC Group NV NPV                                                          | CUSIP: B5337G162<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      3413 | NS      | $352423.33    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                                 | Capgemini SE EUR8                                                         | CUSIP: F4973Q101<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      3062 | NS      | $523178.41    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                                                   | Merck KGaA NPV                                                            | CUSIP: D5357W103<br>LEI: 529900OAREIS0MOPTW25 | Long             | EC               | CORP              | DE        |      2159 | NS      | $279751.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                                    | Safran SA EUR0.20                                                         | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      2684 | NS      | $872290.42    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement S.A.                                    | Veolia Environnement S.A. EUR5                                            | CUSIP: F9686M107<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     13514 | NS      | $481544.23    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Danske Bank A/S                                              | Danske Bank A/S DKK10                                                     | CUSIP: K22272114<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EC               | CORP              | DK        |     12005 | NS      | $489582.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                             | Deutsche Post AG NPV(REGD)                                                | CUSIP: D19225107<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |     17828 | NS      | $823429.38    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg A/S                                                | Carlsberg A/S SER'B'DKK20                                                 | CUSIP: K36628137<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |      1300 | NS      | $184191.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller-Maersk                                             | AP Moller-Maersk SER'B'DKK1000                                            | CUSIP: K0514G101<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |        65 | NS      | $120840.73    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller-Maersk                                             | AP Moller-Maersk SER'A'DKK1000                                            | CUSIP: K0514G135<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |        54 | NS      | $99751.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB (publ)                      | Skandinaviska Enskilda Banken AB (publ) SER'A'NPV                         | CUSIP: W25381141<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EC               | CORP              | SE        |     35236 | NS      | $614895.37    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedbank AB (publ)                                           | Swedbank AB (publ) SER'A'NPV                                              | CUSIP: W94232100<br>LEI: M312WZV08Y7LYUC71685 | Long             | EC               | CORP              | SE        |     12741 | NS      | $337348.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG                                  | Bayerische Motoren Werke AG NON VTG PREF EUR1                             | CUSIP: D12096125<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EP               | CORP              | DE        |      1521 | PA      | $125953.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                                            | NatWest Group PLC ORD GBP1.0769                                           | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |         1 | NS      | $7.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                | Alimentation Couche-Tard Inc. COM                                         | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     15776 | NS      | $784194.93    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                                     | Adyen NV EUR0.01                                                          | CUSIP: N3501V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      4308 | NS      | $7908270.67   | 0.66%             |  |  |  | Yes           |                  1 | On Loan: No      |
| USS Co Ltd.                                                  | USS Co Ltd. NPV                                                           | CUSIP: J9446Z105<br>LEI: 5299000RRQD6UZXG4W72 | Long             | EC               | CORP              | JP        |      1600 | NS      | $17649.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                                      | DBS Group Holdings Ltd. NPV                                               | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     31020 | NS      | $1095641.53   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                                      | Spotify Technology S.A. COM EUR0.000625                                   | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     18653 | NS      | $14313193.02  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                      | Aon PLC SHS CL A                                                          | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     11700 | NS      | $4174092.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Transurban Group                                             | Transurban Group STAPLED UNITS NPV                                        | CUSIP: Q9194A106<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |     13099 | NS      | $120523.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                          | Mitsubishi UFJ Financial Group Inc. NPV                                   | CUSIP: J44497105<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     16900 | NS      | $232719.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute Ltd                                | Nomura Research Institute Ltd NPV                                         | CUSIP: J5900F106<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |      9801 | NS      | $393591.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Resona Holdings Inc.                                         | Resona Holdings Inc. NPV                                                  | CUSIP: J6448E106<br>LEI: 52990067JE75XZCYYT81 | Long             | EC               | CORP              | JP        |     45300 | NS      | $419010.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                    | Linde PLC COM EUR0.001                                                    | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     11568 | NS      | $5427474.24   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.                            | Canadian Pacific Kansas City Ltd. COM                                     | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     96325 | NS      | $7635682.75   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc.                                   | Tokio Marine Holdings Inc. NPV                                            | CUSIP: J86298106<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     18400 | NS      | $780822.89    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizrahi Tefahot Bank Limited                                 | Mizrahi Tefahot Bank Limited ILS0.01                                      | CUSIP: M7031A135<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |     29044 | NS      | $1892693.05   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                                   | Steris PLC ORD USD0.001                                                   | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     11962 | NS      | $2873511.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                            | Siemens Energy AG NPV                                                     | CUSIP: D6T47E106<br>LEI: 5299005CHJZ14D4FDJ62 | Long             | EC               | CORP              | DE        |    159601 | NS      | $18435477.38  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Hapoalim BM                                             | Bank Hapoalim BM ILS1                                                     | CUSIP: M1586M115<br>LEI: B6ARUI4946ST4S7WOU88 | Long             | EC               | CORP              | IL        |     48641 | NS      | $933165.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Seek Ltd.                                                    | Seek Ltd. NPV                                                             | CUSIP: Q8382E102<br>LEI: 549300209NEKXBC8QO27 | Long             | EC               | CORP              | AU        |      5884 | NS      | $93134.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc.                                                 | Coupang Inc. CL A                                                         | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    274745 | NS      | $8231360.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.Com Limited                                           | Monday.Com Limited SHS                                                    | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |     21777 | NS      | $6848430.96   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven & i Holdings Co Ltd.                                   | Seven & i Holdings Co Ltd. NPV                                            | CUSIP: J7165H108<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |     12800 | NS      | $206481.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bandai Namco Holdings Inc.                                   | Bandai Namco Holdings Inc. NPV                                            | CUSIP: Y0606D102<br>LEI: 3538008EFEM34VRJDQ95 | Long             | EC               | CORP              | JP        |      4500 | NS      | $161588.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgestone Corp.                                            | Bridgestone Corp. NPV                                                     | CUSIP: J04578126<br>LEI: 549300DHPOF90OYYD780 | Long             | EC               | CORP              | JP        |     13800 | NS      | $565397.03    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel REIT MTN Pte. Ltd.                                    | Keppel REIT MTN Pte. Ltd. NPV (REIT)                                      | CUSIP: Y4740G104<br>LEI: 549300ZD5HZLQCF55J25 | Long             | EC               | CORP              | SG        |     13480 | NS      | $9382.46      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brambles Ltd.                                                | Brambles Ltd. NPV                                                         | CUSIP: Q6634U106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     17400 | NS      | $268201.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chiba Bank Ltd.                                              | Chiba Bank Ltd. NPV                                                       | CUSIP: J05670104<br>LEI: FGJPAKKCTZVSKZXNBS63 | Long             | EC               | CORP              | JP        |     32500 | NS      | $301178.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd.                                | Chugai Pharmaceutical Co Ltd. NPV                                         | CUSIP: J06930101<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |     13500 | NS      | $705444.26    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth Bank of Australia                               | Commonwealth Bank of Australia ORD NPV                                    | CUSIP: Q26915100<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | EC               | CORP              | AU        |     11330 | NS      | $1377651.16   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                                        | Atlassian Corporation CL A                                                | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     19958 | NS      | $4053270.22   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                                     | Sea Ltd. ADS EACH REP ONE CL A SHS                                        | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     93603 | NS      | $14970863.82  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co Ltd.                                 | Daiwa House Industry Co Ltd. NPV                                          | CUSIP: J11508124<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |      7400 | NS      | $254571.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corp.                                      | FUJIFILM Holdings Corp. NPV                                               | CUSIP: J14208102<br>LEI: 529900UBKMFM0ST6H474 | Long             | EC               | CORP              | JP        |     26100 | NS      | $569467.73    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA Corp.                                                   | HOYA Corp. NPV                                                            | CUSIP: J22848105<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      5300 | NS      | $631377.38    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Entertainment Group Ltd.                              | Galaxy Entertainment Group Ltd. NPV                                       | CUSIP: Y2679D118<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |     18000 | NS      | $79911.34     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan LLC                                                  | Meituan LLC USD0.00001 B CLASS                                            | CUSIP: G59669104<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |    380800 | NS      | $6078285.85   | 0.51%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   9116806 | NS      | $9116805.63   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Keisei Electric Railway Co Ltd.                              | Keisei Electric Railway Co Ltd. NPV                                       | CUSIP: J32233108<br>LEI: 529900VNP95IIHXPCY17 | Long             | EC               | CORP              | JP        |      7200 | NS      | $67572.65     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp.                                                | Keyence Corp. NPV                                                         | CUSIP: J32491102<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      3924 | NS      | $1576085.27   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd.                                             | Nu Holdings Ltd. ORD SHS CL A                                             | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    407047 | NS      | $5584684.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                             | Novo Nordisk A/S SER'B'DKK0.1                                             | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     78428 | NS      | $5443370.64   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel Ltd.                                                  | Keppel Ltd. NPV                                                           | CUSIP: Y4722Z120<br>LEI: 254900SQ7IPDOY6IDW33 | Long             | EC               | CORP              | SG        |     39200 | NS      | $228756.59    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kubota Corporation                                           | Kubota Corporation NPV                                                    | CUSIP: J36662138<br>LEI: 549300CSY4INHEHQQT13 | Long             | EC               | CORP              | JP        |     13000 | NS      | $146425.47    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Corp.                                             | Mitsubishi Corp. NPV                                                      | CUSIP: J43830116<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |     52500 | NS      | $1052880.11   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co Ltd.                                             | Mitsui & Co Ltd. NPV                                                      | CUSIP: J44690139<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |     28000 | NS      | $573007.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Chemicals Inc.                                        | Mitsui Chemicals Inc. NPV                                                 | CUSIP: J4466L136<br>LEI: 353800H2UB5ZEZRZQC02 | Long             | EC               | CORP              | JP        |      4200 | NS      | $97267.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV AS                                                       | DSV AS DKK1                                                               | CUSIP: K31864117<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |      2447 | NS      | $588014.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd.                                 | Murata Manufacturing Co Ltd. NPV                                          | CUSIP: J46840104<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     22500 | NS      | $336550.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa Aktiebolaget SCA (publ)                    | Svenska Cellulosa Aktiebolaget SCA (publ) SER'B'NPV                       | CUSIP: W90152120<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |      8600 | NS      | $111807.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Niterra Co Ltd.                                              | Niterra Co Ltd. NPV                                                       | CUSIP: J49119100<br>LEI: 549300RG3XQGTFM4HH31 | Long             | EC               | CORP              | JP        |      3000 | NS      | $99996.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Australia Bank Ltd.                                 | National Australia Bank Ltd. NPV                                          | CUSIP: Q65336119<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |     44772 | NS      | $1159809.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd.                                             | Nintendo Co Ltd. NPV                                                      | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     26000 | NS      | $2506024.10   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp.                                                  | Denso Corp. NPV                                                           | CUSIP: J12075107<br>LEI: 549300RYPA10CQM3QK38 | Long             | EC               | CORP              | JP        |     32800 | NS      | $444265.13    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC Corp.                                                    | NEC Corp. NPV                                                             | CUSIP: J48818207<br>LEI: 5493000QYMPFRTEY4K28 | Long             | EC               | CORP              | JP        |     22500 | NS      | $659195.86    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nidec Corp.                                                  | Nidec Corp. NPV                                                           | CUSIP: J52968104<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |     12000 | NS      | $233741.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT Inc.                                                     | NTT INC NPV                                                               | CUSIP: J59396101<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |    760000 | NS      | $812749.56    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp.                                            | Nitto Denko Corp. NPV                                                     | CUSIP: J58472119<br>LEI: 3538009GX5P09USH2J25 | Long             | EC               | CORP              | JP        |     16000 | NS      | $310155.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                                | Nippon Yusen Kabushiki Kaisha NPV                                         | CUSIP: J56515232<br>LEI: 353800YPW4XM0ZN5I149 | Long             | EC               | CORP              | JP        |      9300 | NS      | $335046.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitori Holdings Co Ltd.                                      | Nitori Holdings Co Ltd. NPV                                               | CUSIP: J58214131<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2700 | NS      | $260990.94    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik AB                                                   | Sandvik AB NPV                                                            | CUSIP: W74857165<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |      1190 | NS      | $27281.87     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide S.A.(L')                                         | Air Liquide S.A.(L') EUR5.50                                              | CUSIP: F01764103<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |       194 | NS      | $40023.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC Corp.                                                    | SMC Corp. NPV                                                             | CUSIP: J75734103<br>LEI: 353800O40V08DOZ70X62 | Long             | EC               | CORP              | JP        |       600 | NS      | $216825.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Softbank Group Corp.                                         | Softbank Group Corp. NPV                                                  | CUSIP: J7596P109<br>LEI: 5493003BZYYYCDIO0R13 | Long             | EC               | CORP              | JP        |     34400 | NS      | $2511829.45   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Secom Co Ltd                                                 | Secom Co Ltd NPV                                                          | CUSIP: J69972107<br>LEI: 529900TYCL9N3E9PGE47 | Long             | EC               | CORP              | JP        |      2400 | NS      | $86380.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui Chemical Co Ltd.                                     | Sekisui Chemical Co Ltd. NPV                                              | CUSIP: J70703137<br>LEI: 529900KQIVT7NWFNMI70 | Long             | EC               | CORP              | JP        |     12700 | NS      | $230355.89    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimadzu Corporation                                         | Shimadzu Corporation NPV                                                  | CUSIP: J72165129<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4000 | NS      | $99218.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd.                                   | Shin-Etsu Chemical Co Ltd. NPV                                            | CUSIP: J72810120<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     31100 | NS      | $1030583.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co Ltd.                                           | Shionogi & Co Ltd. NPV                                                    | CUSIP: J74229105<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     12000 | NS      | $216159.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimano Inc.                                                 | Shimano Inc. NPV                                                          | CUSIP: J72262108<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |      1500 | NS      | $217752.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Healthcare Ltd.                                        | Sonic Healthcare Ltd. NPV                                                 | CUSIP: Q8563C107<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |     14904 | NS      | $262784.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stockland Corp Ltd.                                          | Stockland Corp Ltd. NPV (STAPLED)                                         | CUSIP: Q8773B105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     82719 | NS      | $291806.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Pacific Ltd.                                           | Swire Pacific Ltd. 'A' NPV                                                | CUSIP: Y83310105<br>LEI: 549300KZOZHII0DGF611 | Long             | EC               | CORP              | HK        |     49500 | NS      | $424063.21    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TDK Corp.                                                    | TDK Corp. NPV                                                             | CUSIP: J82141136<br>LEI: 3538005O8WNU39U8NX03 | Long             | EC               | CORP              | JP        |     18000 | NS      | $211930.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Taisei Corp.                                                 | Taisei Corp. NPV                                                          | CUSIP: J79561148<br>LEI: 529900TF7XJKIOWMLQ79 | Long             | EC               | CORP              | JP        |      2200 | NS      | $128328.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Terumo Corp.                                                 | Terumo Corp. NPV                                                          | CUSIP: J83173104<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     23200 | NS      | $426929.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd.                                          | Tokyo Electron Ltd. NPV                                                   | CUSIP: J86957115<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      8600 | NS      | $1653053.71   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                                       | Toyo Suisan Kaisha Ltd NPV                                                | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      1000 | NS      | $66560.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp.                                           | Toyota Motor Corp. NPV                                                    | CUSIP: J92676113<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |     28400 | NS      | $491657.93    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Unicharm Corp.                                               | Unicharm Corp. NPV                                                        | CUSIP: J94104114<br>LEI: 353800UQ4BZIJTAQEG85 | Long             | EC               | CORP              | JP        |     13500 | NS      | $97543.49     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesfarmers Ltd.                                              | Wesfarmers Ltd. ORD NPV                                                   | CUSIP: Q95870103<br>LEI: 5493003L32ZX9557ST85 | Long             | EC               | CORP              | AU        |      8635 | NS      | $481644.89    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamaha Motor Co Ltd.                                         | Yamaha Motor Co Ltd. NPV                                                  | CUSIP: J95776126<br>LEI: 3538004LR5NXILJDHY88 | Long             | EC               | CORP              | JP        |     13800 | NS      | $103448.49    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Astellas Pharma Inc.                                         | Astellas Pharma Inc. NPV                                                  | CUSIP: J03393105<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |     29000 | NS      | $285257.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Exor Nv                                                      | Exor Nv EUR0.01                                                           | CUSIP: N3140A107<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |      3610 | NS      | $364005.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken N.V.                                                | Heineken N.V. EUR1.60                                                     | CUSIP: N39427211<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |      2822 | NS      | $246055.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken Holding N.V.                                        | Heineken Holding N.V. EUR1.60                                             | CUSIP: N39338194<br>LEI: 724500M1WJLFM9TYBS04 | Long             | EC               | CORP              | NL        |       980 | NS      | $73015.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonova Holding AG                                            | Sonova Holding AG CHF0.05 (REGD)                                          | CUSIP: H8024W106<br>LEI: 5299004A0QNX7FBNHS61 | Long             | EC               | CORP              | CH        |      1308 | NS      | $389704.71    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                                                 | Klepierre SA EUR1.40                                                      | CUSIP: F5396X102<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               | CORP              | FR        |       671 | NS      | $26431.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandoz Group AG                                              | Sandoz Group AG SPONSORED ADS                                             | CUSIP: 799926100<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |       773 | NS      | $42256.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                             | Novo Nordisk A/S SER'B'DKK0.1                                             | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     12451 | NS      | $864173.61    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkeley Group Holdings PLC                                  | Berkeley Group Holdings PLC ORD GBP0.05611047                             | CUSIP: G1191G153<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |      6393 | NS      | $338728.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                              | BAE Systems PLC ORD GBP0.025                                              | CUSIP: G06940103<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    542929 | NS      | $14059169.99  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                                 | 3i Group PLC ORD GBP0.738636                                              | CUSIP: G88473148<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |    171525 | NS      | $9700284.61   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                                      | Arch Capital Group Ltd. COM USD0.01                                       | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     75597 | NS      | $6883106.85   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                       | SAP SE ORD NPV                                                            | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     39398 | NS      | $11980451.80  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                                    | Safran SA EUR0.20                                                         | CUSIP: F4035A557<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     31138 | NS      | $10119738.86  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                                       | ASM International N.V. EUR0.04                                            | CUSIP: N07045201<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      8659 | NS      | $5542609.28   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.                                  | Samsung Electronics Co Ltd. N/VTG PFD KRW100                              | CUSIP: Y74718118<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |     89794 | PA      | $3293422.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Rushydro Public Joint Stock Co.                              | Rushydro Public Joint Stock Co. RUB1(RUB)                                 | CUSIP: X2393H107<br>LEI: 2534005TJN9DX4YWVT97 | Long             | EC               | CORP              | RU        |  25740000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Genus PLC                                                    | Genus PLC ORD GBP0.10                                                     | CUSIP: G3827X105<br>LEI: 54930022EOITNKSIGH56 | Long             | EC               | CORP              | GB        |     45889 | NS      | $1288136.06   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| St James's Place PLC                                         | St James's Place PLC ORD GBP0.15                                          | CUSIP: G5005D124<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |    199472 | NS      | $3241854.19   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Energy Exchange Ltd                                   | Indian Energy Exchange Ltd INR1(POST SUBDIVISION)                         | CUSIP: Y39237139<br>LEI: 335800JRG8ZOKN1KAE97 | Long             | EC               | CORP              | IN        |    701195 | NS      | $1578915.19   | 0.13%             |  |  |  | Yes           |                  1 | On Loan: No      |
| BAWAG Group AG                                               | BAWAG Group AG NPV                                                        | CUSIP: A0997C107<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     21175 | NS      | $2703831.31   | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bank Syariah Indonesia Tbk                                   | Bank Syariah Indonesia Tbk IDR500                                         | CUSIP: Y0R8KR105<br>LEI: 9845009CD3B814E04066 | Long             | EC               | CORP              | ID        |  12041900 | NS      | $1913649.65   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Planisware SA                                                | Planisware SA EUR0.1                                                      | CUSIP: F7S918135<br>LEI: 969500356FAUM2X41Q59 | Long             | EC               | CORP              | FR        |     63780 | NS      | $1780572.87   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Forward Inc.                                           | Money Forward Inc. NPV                                                    | CUSIP: J4659A103<br>LEI: 35380017JS3GIGP6WN95 | Long             | EC               | CORP              | JP        |     69800 | NS      | $2377479.95   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV                               | BE Semiconductor Industries NV EUR0.01                                    | CUSIP: N13107144<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     19986 | NS      | $2991075.97   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Marine Solution Co Ltd.                           | HD Hyundai Marine Solution Co Ltd. KRW500                                 | CUSIP: Y3820S103<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     11109 | NS      | $1691537.86   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Puig Brand SA                                                | Puig Brand SA EUR0                                                        | CUSIP: E8S64T107<br>LEI: 549300OVHNSX30L1AQ94 | Long             | EC               | CORP              | ES        |    119438 | NS      | $2357997.97   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Raysearch Laboratories AB                                    | Raysearch Laboratories AB SER'B'NPV                                       | CUSIP: W72195105<br>LEI: 549300TYFVYGS0JFWM28 | Long             | EC               | CORP              | SE        |     90915 | NS      | $3219199.55   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Triveni Turbine Ltd.                                         | Triveni Turbine Ltd. INR1                                                 | CUSIP: Y89735107<br>LEI: 335800CN8OF2ECX4NK89 | Long             | EC               | CORP              | IN        |    205990 | NS      | $1471065.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Prairiesky Royalty Ltd.                                      | Prairiesky Royalty Ltd. COM NPV                                           | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |    133902 | NS      | $2322574.07   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpost S.A                                                   | Inpost S.A EUR0.01                                                        | CUSIP: L5125Z108<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |    167670 | NS      | $2784847.18   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustpilot Group PLC                                         | Trustpilot Group PLC ORD GBP0.01                                          | CUSIP: G91044100<br>LEI: 2138002ILUNMGNPSGG46 | Long             | EC               | CORP              | GB        |    841844 | NS      | $2798759.58   | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Buzzi S.p.A.                                                 | Buzzi S.p.A. NPV                                                          | CUSIP: T2320M109<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |     52790 | NS      | $2926378.35   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                                    | CTS Eventim AG & Co. KGaA NPV                                             | CUSIP: D1648T108<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     21965 | NS      | $2727085.22   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                                                 | Embraer S.A. COM NPV                                                      | CUSIP: P3700H201<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |    210400 | NS      | $2982257.64   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Limited                                              | Wix.com Limited COM ILS0.01                                               | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     14242 | NS      | $2256787.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakus Co Ltd.                                                | Rakus Co Ltd. NPV                                                         | CUSIP: J6S879103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    148900 | NS      | $2395242.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| E Ink Holdings Inc.                                          | E Ink Holdings Inc. TWD10                                                 | CUSIP: Y2266Z100<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |    262000 | NS      | $1982130.63   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Samyang Foods Co., Ltd                                       | Samyang Foods Co., Ltd KSWN5000                                           | CUSIP: Y7498J105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1465 | NS      | $1514282.01   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V.          | Grupo Aeroportuario del Centro Norte S.A.B. de C.V. SER'B' NPV            | CUSIP: P49530101<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |    137062 | NS      | $1800516.03   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                                | Fujikura Ltd. NPV                                                         | CUSIP: J14784128<br>LEI: 353800PSDZ8VRCKVPL51 | Long             | EC               | CORP              | JP        |     66800 | NS      | $3511980.83   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruwa Co Ltd                                                | Maruwa Co Ltd NPV                                                         | CUSIP: J40573107<br>LEI: 3538009BXGIG8PFXNI29 | Long             | EC               | CORP              | JP        |      8800 | NS      | $2526245.62   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Protector Forsikring ASA                                     | Protector Forsikring ASA NOK1                                             | CUSIP: R7049B138<br>LEI: 5967007LIEEXZXAIO813 | Long             | EC               | CORP              | NO        |     43857 | NS      | $1866644.15   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| IHI Corp.                                                    | IHI Corp. NPV                                                             | CUSIP: J2398N113<br>LEI: 549300ETQIESIUQ2OE26 | Long             | EC               | CORP              | JP        |     29700 | NS      | $3225638.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift Inc.                                                   | Shift Inc. NPV                                                            | CUSIP: J7167W103<br>LEI: 353800HJXMOPLJ7BO262 | Long             | EC               | CORP              | JP        |    185300 | NS      | $2249258.01   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Meitu Inc                                                    | Meitu Inc USD0.00001                                                      | CUSIP: G5966D105<br>LEI: 529900P2POH56W116T02 | Long             | EC               | CORP              | KY        |   2369500 | NS      | $2725696.98   | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bonesupport Holding Ab                                       | Bonesupport Holding Ab NPV                                                | CUSIP: W2R933137<br>LEI: 549300COLY053IGTLD63 | Long             | EC               | CORP              | SE        |     61101 | NS      | $1808314.22   | 0.15%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Marex Group Plc                                              | Marex Group Plc ORD                                                       | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     52812 | NS      | $2084489.64   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Redcare Pharmacy N.V                                         | Redcare Pharmacy N.V EUR0.02                                              | CUSIP: N7975Z103<br>LEI: 529900JK6UXHY1YKZ082 | Long             | EC               | CORP              | NL        |     17239 | NS      | $1901720.74   | 0.16%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds GOVT SELECT PT                               | CUSIP: 665278701<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |    560931 | NS      | $560931.01    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -661052 | NC      | $6270.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -629656 | NC      | $5641.02      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -796167 | NC      | $8413.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -624887 | NC      | $9456.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -563027 | NC      | $4999.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -505050 | NC      | $4536.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -533137 | NC      | $5704.96      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -1710197 | NC      | $44538.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -749685 | NC      | $9208.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -840309 | NC      | $1356.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - CNH                                      | CURRENCY CONTRACT - CNH                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |   -650680 | NC      | $1757.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        | -52891393 | NC      | $-105102.67   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5718346 | NC      | $-10206.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -4865860 | NC      | $-12087.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5139280 | NC      | $-12887.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5641832 | NC      | $-7910.19     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -8211741 | NC      | $-10537.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5708574 | NC      | $-7001.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -5475996 | NC      | $-4166.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -3377322 | NC      | $-8202.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CURRENCY CONTRACT - USD                                      | CURRENCY CONTRACT - USD                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | XX        |  -3486969 | NC      | $-6894.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE IN                                    | CONSTELLATION SOFTWARE IN                                                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | CA        |       307 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fidelity Investments-Money Market Funds-Government Portfolio | FIDELITY GOVERNMENT  #2642                                                | CUSIP: 31607A703<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   8104664 | NS      | $8104664.46   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Rushydro Public Joint Stock Co.                              | Rushydro Public Joint Stock Co. RUB1(RUB)                                 | CUSIP: X2393H107<br>LEI: 2534005TJN9DX4YWVT97 | N/A              | EC               | CORP              | RU        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |

### Signature

**Date Signed:** 2025-07-23

**Name of Applicant:** Clearwater Investment Trust

**Signature:** Jason Mitchell

**Name of Signer:** Jason Mitchell

**Title:** CCO