# EDGAR Filing Document

**Accession Number:** 0001593547
**File Stem:** 0002048251-25-000211
**Filing Date:** 2025-9
**Character Count:** 380674
**Document Hash:** 955224af6905729f7e97d8813c5acdb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000211.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002048251-25-000211

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisors' Inner Circle Fund III
- **CENTRAL INDEX KEY:** 0001593547

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22920
- **FILM NUMBER:** 251346855

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456
- **BUSINESS PHONE:** (800) 342-5734

**MAIL ADDRESS:**
- **STREET 1:** ONE FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19456

## Series and Classes Contracts Data

### PineBridge Dynamic Asset Allocation Fund (Series ID: S000052180)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000164186 | Investor Servicing Shares | PDAVX           |
| C000164187 | Institutional Shares      | PDAIX           |

## Nport-Ex

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**SCHEDULE OF INVESTMENTS**<br> **COMMON STOCK — 80.0%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Australia — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Energy — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boss Energy \* | 14990 | $16503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paladin Energy \* | 8437 | 33042 |
|  |  | 49545 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WiseTech Global | 1346 | 101946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xero \* | 843 | 97080 |
|  |  | 199026 |
| Total Australia |  | 248571 |
| **Belgium — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UCB | 662 | 142234 |
| **Brazil — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TIM | 41406 | 152549 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre \* | 30 | 71217 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rumo | 11463 | 33962 |
| Total Brazil |  | 257728 |
| **Canada — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;**Energy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco | 598 | 44897 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Denison Mines \* | 24312 | 50007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy Fuels \* | 7912 | 71777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NexGen Energy \* | 6448 | 43278 |
|  |  | 209959 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify, Cl A \* | 1400 | 171094 |
| Total Canada |  | 381053 |
| **China — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding | 55286 | 831213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BYD, Cl A | 300 | 4363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gree Electric Appliances of Zhuhai, Cl A | 4400 | 27877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAIC Motor, Cl A | 4200 | 10004 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **China — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sailun Group, Cl A | 5300 | $9475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weifu High-Technology Group, Cl A | 8100 | 21677 |
|  |  | 904609 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fujian Sunner Development, Cl A | 10500 | 23251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guangdong Haid Group, Cl A | 4200 | 32945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inner Mongolia Yili Industrial Group, Cl A | 5700 | 21698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kweichow Moutai, Cl A | 100 | 19729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wellhope Foods, Cl A | 10100 | 11973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yifeng Pharmacy Chain, Cl A | 2700 | 8880 |
|  |  | 118476 |
| &nbsp;&nbsp;&nbsp;**Financials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agricultural Bank of China, Cl A | 44800 | 39220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Minsheng Banking, Cl A | 30200 | 20510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrial & Commercial Bank of China, Cl A | 26200 | 27527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrial Bank, Cl A | 12700 | 39915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ping An Insurance Group of China, Cl A | 1700 | 13846 |
|  |  | 141018 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guangxi LiuYao Group, Cl A | 4000 | 10022 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huadong Medicine, Cl A | 5100 | 31430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jiangsu Hengrui Pharmaceuticals, Cl A | 2800 | 24473 |
|  |  | 65925 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beijing Career International, Cl A | 5000 | 24824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China State Construction Engineering, Cl A | 39800 | 31278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contemporary Amperex Technology, Cl A | 1100 | 40273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guangxi Liugong Machinery, Cl A | 9800 | 14570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Han's Laser Technology Industry Group, Cl A | 5100 | 19082 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nantong Jianghai Capacitor, Cl A | 4200 | 13887 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ningbo Orient Wires & Cables, Cl A | 1300 | 8552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sieyuan Electric, Cl A | 2200 | 23821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sungrow Power Supply, Cl A | 10963 | 109431 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunwoda Electronic, Cl A | 4800 | 14316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suzhou Gold Mantis Construction Decoration, Cl A | 18000 | 9039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YTO Express Group, Cl A | 12200 | 24946 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yutong Bus, Cl A | 10900 | 37722 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **China — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zhejiang Sanhua Intelligent Controls, Cl A | 4200 | $15389 |
|  |  | 387130 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huaqin Technology, Cl A | 1200 | 13693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LONGi Green Energy Technology, Cl A \* | 6700 | 14650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Luxshare Precision Industry, Cl A | 5300 | 26821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zhejiang Dahua Technology, Cl A | 6400 | 14433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zhongji Innolight, Cl A | 1400 | 41984 |
|  |  | 111581 |
| &nbsp;&nbsp;&nbsp;**Materials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anhui Conch Cement, Cl A | 5800 | 18973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baoshan Iron & Steel, Cl A | 23500 | 23958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wanhua Chemical Group, Cl A | 1600 | 13828 |
|  |  | 56759 |
| &nbsp;&nbsp;&nbsp;**Real Estate — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Vanke, Cl A \* | 9500 | 8490 |
| &nbsp;&nbsp;&nbsp;**Utilities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SDIC Power Holdings, Cl A | 2000 | 4378 |
| Total China |  | 1798366 |
| **Denmark — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novo Nordisk, Cl B | 2733 | 127106 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DSV | 165 | 36974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vestas Wind Systems | 2032 | 37101 |
|  |  | 74075 |
| Total Denmark |  | 201181 |
| **Finland — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordea Bank Abp | 1154 | 16839 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kone, Cl B | 281 | 17256 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Finland — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Utilities — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortum | 2385 | $43754 |
| Total Finland |  | 77849 |
| **France — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton | 287 | 154065 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L'Oreal | 532 | 235401 |
| &nbsp;&nbsp;&nbsp;**Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AXA | 643 | 31230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BNP Paribas | 372 | 33919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Societe Generale | 262 | 16723 |
|  |  | 81872 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sanofi | 2111 | 189506 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Airbus | 1091 | 219351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alstom \* | 977 | 22917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cie de Saint-Gobain | 1920 | 220257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dassault Aviation | 52 | 16191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eiffage | 177 | 23760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Legrand | 2691 | 397479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nexans | 324 | 46566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rexel | 547 | 16533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safran | 678 | 223572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schneider Electric | 684 | 177015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thales | 287 | 77201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vinci | 1006 | 139742 |
|  |  | 1580584 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capgemini | 120 | 17865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;STMicroelectronics | 1913 | 48617 |
|  |  | 66482 |
| &nbsp;&nbsp;&nbsp;**Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Liquide | 669 | 131617 |
| Total France |  | 2439527 |
| **Germany — 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CTS Eventim & KGaA | 378 | 42686 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Germany — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Telekom | 3357 | $120402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freenet | 1551 | 50303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Scout24 | 574 | 76710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Internet | 750 | 21497 |
|  |  | 311598 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zalando \* | 1886 | 54992 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Redcare Pharmacy \* | 275 | 30440 |
| &nbsp;&nbsp;&nbsp;**Financials — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allianz | 406 | 160442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commerzbank | 5161 | 188201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Bank | 6019 | 198245 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Boerse | 68 | 19678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DWS Group GmbH & KGaA | 273 | 16348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;flatexDEGIRO | 1444 | 43642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Muenchener Rueckversicherungs-Gesellschaft in Muenchen | 206 | 134862 |
|  |  | 761418 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carl Zeiss Meditec | 555 | 30604 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brenntag | 738 | 45785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daimler Truck Holding | 1070 | 52051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Lufthansa | 10873 | 93234 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deutsche Post | 2864 | 128324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fraport Frankfurt Airport Services Worldwide \* | 782 | 58193 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GEA Group | 285 | 20472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hensoldt | 611 | 66967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MTU Aero Engines | 147 | 63410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordex \* | 884 | 21699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rational | 27 | 20843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RENK Group | 384 | 29809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rheinmetall | 182 | 360269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siemens | 746 | 190009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siemens Energy \* | 785 | 90886 |
|  |  | 1241951 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bechtle | 960 | 41668 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Germany — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infineon Technologies | 1539 | $60457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SAP | 1522 | 435225 |
|  |  | 537350 |
| &nbsp;&nbsp;&nbsp;**Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BASF | 510 | 24995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Heidelberg Materials | 207 | 47754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;thyssenkrupp | 7656 | 88620 |
|  |  | 161369 |
| &nbsp;&nbsp;&nbsp;**Real Estate — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aroundtown \* | 7406 | 26707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LEG Immobilien | 1322 | 104932 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TAG Immobilien | 2464 | 39616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vonovia | 4087 | 126843 |
|  |  | 298098 |
| &nbsp;&nbsp;&nbsp;**Utilities — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E.ON | 7886 | 143866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RWE | 3285 | 134768 |
|  |  | 278634 |
| Total Germany |  | 3706454 |
| **Greece — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JUMBO | 2441 | 82334 |
| &nbsp;&nbsp;&nbsp;**Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Piraeus Financial Holdings | 17113 | 131590 |
| Total Greece |  | 213924 |
| **Hong Kong — 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baidu, Cl A \* | 27700 | 303075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bilibili, Cl Z \* | 8720 | 199505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Literature \* | 15200 | 59734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloud Music \* | 1750 | 56701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kingsoft | 35000 | 159154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kuaishou Technology, Cl B \* | 35100 | 342718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NetEase | 13700 | 358149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tencent Holdings | 15778 | 1104653 |
|  |  | 2583689 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Geely Automobile Holdings | 34343 | 77032 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Hong Kong — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JD.com, Cl A | 13200 | $208058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meituan, Cl B \* | 28534 | 440210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tongcheng Travel Holdings | 46800 | 117264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trip.com Group | 6197 | 384725 |
|  |  | 1227289 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Health Information Technology \* | 162000 | 100462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;East Buy Holding \* | 18500 | 51736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JD Health International \* | 37950 | 242669 |
|  |  | 394867 |
| &nbsp;&nbsp;&nbsp;**Financials — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Construction Bank, Cl H | 180099 | 184206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Everbright Bank, Cl H | 69000 | 32424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guotai Junan Securities, Cl H | 5000 | 10794 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ping An Insurance Group of China, Cl H | 10667 | 73233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ZhongAn Online P&C Insurance, Cl H \* | 28400 | 72679 |
|  |  | 373336 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Railway Group, Cl H | 21000 | 10566 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;China Railway Signal & Communication, Cl H | 53000 | 23170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lenovo Group | 81304 | 104252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xiaomi, Cl B \* | 18587 | 125052 |
|  |  | 252474 |
| Total Hong Kong |  | 4842221 |
| **Hungary — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;OTP Bank Nyrt | 1575 | 127805 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Richter Gedeon Nyrt | 2892 | 86725 |
| Total Hungary |  | 214530 |
| **India — 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indian Hotels, Cl A | 13625 | 114601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mahindra & Mahindra | 2021 | 73622 |
|  |  | 188223 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chaman Lal Setia Exports | 2800 | 10177 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **India — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dodla Dairy | 2270 | $32845 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emami | 13100 | 89473 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hindustan Unilever | 1684 | 48364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honasa Consumer \* | 6582 | 20381 |
|  |  | 201240 |
| &nbsp;&nbsp;&nbsp;**Energy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reliance Industries | 5479 | 86527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waaree Energies \* | 2400 | 81448 |
|  |  | 167975 |
| &nbsp;&nbsp;&nbsp;**Financials — 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bajaj Finance | 6900 | 69051 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of Baroda | 90166 | 243636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of India | 76700 | 97027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Insurance Corp of India | 7000 | 31141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HDFC Bank | 15378 | 352899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICICI Bank | 10156 | 171020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICICI Bank ADR | 3500 | 117950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indian Bank | 27900 | 197257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indian Energy Exchange | 8000 | 12288 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Punjab National Bank | 46400 | 55492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Bank of India | 68500 | 101730 |
|  |  | 1449491 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caplin Point Laboratories | 1700 | 39808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gland Pharma | 2450 | 57439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Granules India | 1800 | 9701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Orchid Pharma \* | 550 | 4601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sun Pharmaceutical Industries | 1650 | 32043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zydus Lifesciences | 4000 | 44051 |
|  |  | 187643 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AIA Engineering | 1016 | 36291 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amara Raja Energy & Mobility | 7381 | 80839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bharat Electronics | 12300 | 53435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMS Info Systems | 5400 | 28174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;eClerx Services | 400 | 17133 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elecon Engineering | 5200 | 33719 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InterGlobe Aviation \* | 200 | 13422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KSB | 2800 | 26753 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **India — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Polycab India | 1100 | $85249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shakti Pumps India | 2300 | 23255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Transformers & Rectifiers India | 6500 | 37629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Updater Services \* | 2300 | 7564 |
|  |  | 443463 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PG Electroplast | 6800 | 62575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tata Consultancy Services | 1900 | 65524 |
|  |  | 128099 |
| &nbsp;&nbsp;&nbsp;**Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dhanuka Agritech | 600 | 13027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GHCL | 2000 | 13559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Aluminium | 45400 | 95231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shree Cement | 150 | 52582 |
|  |  | 174399 |
| &nbsp;&nbsp;&nbsp;**Utilities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NHPC | 31500 | 29727 |
| Total India |  | 2970260 |
| **Indonesia — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank Central Asia | 157649 | 79013 |
| **Ireland — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kerry Group, Cl A | 2309 | 213283 |
| **Italy — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intesa Sanpaolo | 5495 | 33109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UniCredit | 503 | 37008 |
|  |  | 70117 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iveco Group | 1221 | 25238 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leonardo | 1289 | 69481 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Italy — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prysmian | 821 | $65568 |
|  |  | 160287 |
| Total Italy |  | 230404 |
| **Japan — 8.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nippon Telegraph & Telephone | 287200 | 290032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SKY Perfect JSAT Holdings | 11000 | 104173 |
|  |  | 394205 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asics | 900 | 21158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pan Pacific International Holdings | 4600 | 153899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saizeriya | 1600 | 56131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sony Group | 14500 | 348773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Suzuki Motor | 11300 | 124160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyota Motor | 15800 | 281044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasure Factory | 5000 | 57486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yonex | 1300 | 25526 |
|  |  | 1068177 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ajinomoto | 7100 | 187841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fuji Oil Holdings | 5000 | 94086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kobe Bussan | 3400 | 90540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morinaga Milk Industry | 4500 | 97862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rohto Pharmaceutical | 3600 | 51387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toyo Suisan Kaisha | 1700 | 108611 |
|  |  | 630327 |
| &nbsp;&nbsp;&nbsp;**Financials — 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chiba Bank | 15500 | 144471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concordia Financial Group | 43000 | 285143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dai-ichi Life Holdings | 51900 | 410642 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan Post Bank | 23600 | 263407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Japan Post Insurance | 6600 | 168990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M&A Capital Partners | 3900 | 76008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi UFJ Financial Group | 42500 | 585768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mizuho Financial Group | 9600 | 281584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rakuten Bank \* | 3600 | 167694 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resona Holdings | 26600 | 242167 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shizuoka Financial Group | 11900 | 140755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Mitsui Financial Group | 19100 | 481828 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Japan — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Mitsui Trust Holdings | 7600 | $199232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T&D Holdings | 7200 | 175815 |
|  |  | 3623504 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chugai Pharmaceutical | 6181 | 296298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hoya | 600 | 75698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JCR Pharmaceuticals | 6600 | 24701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JMDC | 2700 | 69767 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sawai Group Holdings | 4600 | 59048 |
|  |  | 525512 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fuji Electric | 1200 | 59662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fujikura | 700 | 47518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GS Yuasa | 6400 | 114856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hitachi | 23093 | 706661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insource | 12100 | 73033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ITOCHU | 5900 | 309470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kanematsu | 3000 | 56364 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MINEBEA MITSUMI | 6000 | 94430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi Heavy Industries | 1700 | 40590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raito Kogyo | 2500 | 51655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Takasago Thermal Engineering | 3700 | 179526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tokyu | 8400 | 94556 |
|  |  | 1828321 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advantest | 2700 | 179548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FUJIFILM Holdings | 6200 | 128602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fujitsu | 3000 | 65352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keyence | 1068 | 386329 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meiko Electronics | 2100 | 102907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micronics Japan | 2800 | 102013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NEC | 9500 | 272801 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NTT Data Group | 2300 | 59979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obic | 2600 | 92567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle Japan | 800 | 86516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tokyo Electron | 400 | 63592 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trend Micro | 3900 | 237816 |
|  |  | 1778022 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Japan — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Materials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsubishi Gas Chemical | 6900 | $119199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oji Holdings | 14300 | 69696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Osaka Soda | 9500 | 115690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shin-Etsu Chemical | 5300 | 152518 |
|  |  | 457103 |
| &nbsp;&nbsp;&nbsp;**Real Estate — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mitsui Fudosan | 18100 | 161783 |
| Total Japan |  | 10466954 |
| **Mexico — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arca Continental | 6226 | 64910 |
| &nbsp;&nbsp;&nbsp;**Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gentera | 39679 | 89980 |
| &nbsp;&nbsp;&nbsp;**Materials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grupo Mexico, Cl B | 10449 | 65186 |
| Total Mexico |  | 220076 |
| **Netherlands — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adyen \* | 8 | 13721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ING Groep | 1131 | 26358 |
|  |  | 40079 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Argenx ADR \* | 321 | 215176 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;InPost \* | 3053 | 43849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wolters Kluwer | 193 | 30062 |
|  |  | 73911 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASM International | 379 | 183458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding | 432 | 299408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BE Semiconductor Industries | 390 | 52694 |
|  |  | 535560 |
| Total Netherlands |  | 864726 |
| **Norway — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kongsberg Gruppen | 2315 | 69179 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Portugal — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Energy — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galp Energia SGPS | 4308 | $82262 |
| **South Africa — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FirstRand | 17079 | 72527 |
| **South Korea — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Woori Financial Group | 7948 | 141023 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Doosan Enerbility \* | 959 | 44928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HD Hyundai Electric | 165 | 58717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KEPCO Engineering & Construction | 603 | 39828 |
|  |  | 143473 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsung Electronics | 4321 | 220215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SK Hynix | 1723 | 333945 |
|  |  | 554160 |
| Total South Korea |  | 838656 |
| **Spain — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Bilbao Vizcaya Argentaria | 2117 | 35308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banco Santander | 5475 | 47035 |
|  |  | 82343 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aena SME | 600 | 16157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferrovial | 387 | 19839 |
|  |  | 35996 |
| &nbsp;&nbsp;&nbsp;**Utilities — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endesa | 1383 | 40009 |
| Total Spain |  | 158348 |
| **Sweden — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investor, Cl B | 639 | 18518 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assa Abloy, Cl B | 829 | 27432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlas Copco, Cl A | 3484 | 53056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlas Copco, Cl B | 1280 | 17322 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Sweden — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saab, Cl B | 1514 | $82352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sandvik | 1718 | 41919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SKF, Cl B | 908 | 21149 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trelleborg, Cl B | 382 | 13880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Volvo, Cl B | 1336 | 38370 |
|  |  | 295480 |
| Total Sweden |  | 313998 |
| **Switzerland — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nestle | 2419 | 211365 |
| &nbsp;&nbsp;&nbsp;**Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Swiss Re | 108 | 19332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UBS Group | 1209 | 44931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zurich Insurance Group | 53 | 36152 |
|  |  | 100415 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lonza Group | 150 | 104546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novartis | 2197 | 250210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roche Holding | 756 | 235927 |
|  |  | 590683 |
| &nbsp;&nbsp;&nbsp;**Industrials — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ABB | 4639 | 302918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Geberit | 56 | 42902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VAT Group | 135 | 47275 |
|  |  | 393095 |
| &nbsp;&nbsp;&nbsp;**Materials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amrize \* | 200 | 10110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holcim | 200 | 15950 |
|  |  | 26060 |
| Total Switzerland |  | 1321618 |
| **Taiwan — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accton Technology | 4000 | 118137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asustek Computer | 1832 | 40215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hon Hai Precision Industry | 21605 | 127048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Largan Precision | 1083 | 84943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MediaTek | 3906 | 176881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing | 19680 | 757666 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Taiwan — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wiwynn | 2000 | $182533 |
|  |  | 1487423 |
| Total Taiwan |  | 1487423 |
| **Turkey — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Akbank | 14017 | 23240 |
| **United Kingdom — 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coats Group | 32141 | 31349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compass Group | 3014 | 105911 |
|  |  | 137260 |
| &nbsp;&nbsp;&nbsp;**Energy — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yellow Cake \* | 6148 | 39643 |
| &nbsp;&nbsp;&nbsp;**Financials — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3i Group | 351 | 19179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Barclays | 5319 | 26000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HSBC Holdings | 6518 | 79409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lloyds Banking Group | 21785 | 22339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;London Stock Exchange Group | 177 | 21575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NatWest Group | 2790 | 19367 |
|  |  | 187869 |
| &nbsp;&nbsp;&nbsp;**Health Care — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AstraZeneca | 1648 | 240430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GSK | 13304 | 244715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hikma Pharmaceuticals | 3652 | 94395 |
|  |  | 579540 |
| &nbsp;&nbsp;&nbsp;**Industrials — 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ashtead Group | 365 | 24386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BAE Systems | 8179 | 195157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Experian | 740 | 38991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Melrose Industries | 3677 | 24826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RELX | 1504 | 78150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RELX ADR | 2578 | 133772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rolls-Royce Holdings | 17249 | 244816 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spirax Group | 1157 | 96689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weir Group | 12535 | 440368 |
|  |  | 1277155 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United Kingdom — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARM Holdings ADR \* | 594 | $83977 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sage Group | 5689 | 91347 |
|  |  | 175324 |
| Total United Kingdom |  | 2396791 |
| **United States — 50.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Communication Services — 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Cl A | 9260 | 1776994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AT&T | 2021 | 55396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Comcast, Cl A | 5346 | 177647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Electronic Arts | 349 | 53219 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fox, Cl A | 2460 | 137170 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Match Group | 821 | 28136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Cl A | 2133 | 1649747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omnicom Group | 1476 | 106346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pinterest, Cl A \* | 2163 | 83492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spotify Technology \* | 80 | 50123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verizon Communications | 1292 | 55246 |
|  |  | 4173516 |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Airbnb, Cl A \* | 988 | 130821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com \* | 6563 | 1536464 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aramark | 3618 | 153982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings | 20 | 110081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Darden Restaurants | 133 | 26822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deckers Outdoor \* | 790 | 83874 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoorDash, Cl A \* | 348 | 87087 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DR Horton | 731 | 104416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;eBay | 683 | 62665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Etsy \* | 442 | 25755 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expedia Group | 1027 | 185086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grand Canyon Education \* | 163 | 27487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H&R Block | 496 | 26953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings | 202 | 54152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home Depot | 603 | 221608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Las Vegas Sands | 2866 | 150178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's | 1116 | 249504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lululemon Athletica \* | 246 | 49330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marriott International, Cl A | 204 | 53821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McDonald's | 464 | 139233 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Consumer Discretionary — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NIKE, Cl B | 1107 | $82682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVR \* | 10 | 75495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O'Reilly Automotive \* | 584 | 57419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pool | 90 | 27733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PulteGroup | 1154 | 130310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ralph Lauren, Cl A | 96 | 28680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ross Stores | 411 | 56118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Starbucks | 870 | 77569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tapestry | 785 | 84804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tesla \* | 1672 | 515428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TJX | 663 | 82563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Williams-Sonoma | 156 | 29180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yum! Brands | 374 | 53912 |
|  |  | 4781212 |
| &nbsp;&nbsp;&nbsp;**Consumer Staples — 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria Group | 930 | 57604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Church & Dwight | 283 | 26537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clorox | 215 | 26995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Colgate-Palmolive | 628 | 52658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Costco Wholesale | 263 | 247125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ingredion | 207 | 27229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kimberly-Clark | 432 | 53836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monster Beverage \* | 925 | 54344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Philip Morris International | 493 | 80876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procter & Gamble | 1231 | 185229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walmart | 2791 | 273462 |
|  |  | 1085895 |
| &nbsp;&nbsp;&nbsp;**Energy — 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centrus Energy, Cl A \* | 262 | 56435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron | 737 | 111759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 596 | 56823 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coterra Energy | 1174 | 28634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EOG Resources | 469 | 56289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil | 2294 | 256102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uranium Energy \* | 6735 | 58392 |
|  |  | 624434 |
| &nbsp;&nbsp;&nbsp;**Financials — 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aflac | 541 | 53754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allstate | 141 | 28658 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameriprise Financial | 104 | $53892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aon, Cl A | 157 | 55846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apollo Global Management | 1241 | 180342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arch Capital Group | 312 | 26851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ares Management, Cl A | 686 | 127274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur J Gallagher | 178 | 51130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America | 14729 | 696240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway, Cl B \* | 578 | 272747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackRock Funding | 101 | 111707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone | 2610 | 451426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl Capital, Cl A | 3300 | 63855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield | 3510 | 235345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown & Brown | 537 | 49066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carlyle Group | 767 | 46526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cboe Global Markets | 117 | 28202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chubb | 298 | 79280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citigroup | 3645 | 341537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CME Group, Cl A | 670 | 186448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commerce Bancshares | 428 | 26194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FactSet Research Systems | 67 | 26994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity National Information Services | 2492 | 197890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FS KKR Capital | 594 | 12420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Goldman Sachs Group | 780 | 564400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hartford Financial Services Group | 226 | 28112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange | 307 | 56743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase | 4055 | 1201253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KKR | 1901 | 278649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Main Street Capital | 189 | 12228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marsh & McLennan | 394 | 78485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Cl A | 446 | 252646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moody's | 167 | 86127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Morgan Stanley | 3129 | 445757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progressive | 225 | 54459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&P Global | 161 | 88727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street | 2782 | 310888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TPG, Cl A | 802 | 45770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Travelers | 208 | 54130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Cl A | 865 | 298831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;W R Berkley | 403 | 27730 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Financials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo | 6305 | $508372 |
|  |  | 7796931 |
| &nbsp;&nbsp;&nbsp;**Health Care — 2.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 1106 | 139566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AbbVie | 1036 | 195825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agilent Technologies | 240 | 27554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alcon | 2228 | 195061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Align Technology \* | 289 | 37284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amgen | 456 | 134566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bristol-Myers Squibb | 1157 | 50110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cardinal Health | 618 | 95926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centene \* | 1970 | 51358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cigna Group | 550 | 147059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DaVita \* | 193 | 27091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elevance Health | 293 | 82943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gilead Sciences | 1001 | 112402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hologic \* | 422 | 28198 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Humana | 359 | 89703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEXX Laboratories \* | 369 | 197160 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incyte \* | 1204 | 90168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 1326 | 218445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medpace Holdings \* | 59 | 25205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merck | 3729 | 291309 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mettler-Toledo International \* | 23 | 28375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Molina Healthcare \* | 303 | 47835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Penumbra \* | 119 | 30020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals | 50 | 27273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ResMed | 208 | 56564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royalty Pharma, Cl A | 4633 | 170494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tenet Healthcare \* | 340 | 54835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific | 440 | 205779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Therapeutics \* | 371 | 101914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UnitedHealth Group | 580 | 144745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veeva Systems, Cl A \* | 391 | 111122 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zoetis, Cl A | 370 | 53942 |
|  |  | 3269831 |
| &nbsp;&nbsp;&nbsp;**Industrials — 5.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Acuity Brands | 95 | 29578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AerCap Holdings | 157 | 16838 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |
|  | **ASSET ALLOCATION FUND** |
|  | **JULY 31, 2025 (UNAUDITED)** |

---

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allison Transmission Holdings | 320 | $28822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AMETEK | 543 | 100374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automatic Data Processing | 714 | 220983 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Booz Allen Hamilton Holding, Cl A | 545 | 58495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadridge Financial Solutions | 282 | 69798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies | 315 | 47858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carlisle | 133 | 47177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Carrier Global | 1513 | 103822 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caterpillar | 453 | 198423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CH Robinson Worldwide | 1410 | 162601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cintas | 251 | 55860 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Clean Harbors \* | 122 | 28769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Copart \* | 1192 | 54033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSX | 3356 | 119272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cummins | 307 | 112859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delta Air Lines | 1992 | 105994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eaton | 1000 | 384720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EMCOR Group | 216 | 135538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerson Electric | 914 | 132996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expeditors International of Washington | 242 | 28130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fastenal | 2414 | 111358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE Vernova | 323 | 213274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graco | 317 | 26622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Honeywell International | 2130 | 473606 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hubbell, Cl B | 150 | 65622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illinois Tool Works | 215 | 55034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ingersoll Rand | 1136 | 96140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | 125 | 30438 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lockheed Martin | 131 | 55148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MasTec \* | 610 | 115418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NANO Nuclear Energy \* | 1360 | 48185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Norfolk Southern | 426 | 118428 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NuScale Power \* | 1224 | 61457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;nVent Electric | 857 | 67206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old Dominion Freight Line | 573 | 85520 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PACCAR | 1071 | 105772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parker-Hannifin | 180 | 131742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paychex | 1049 | 151402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paycom Software | 119 | 27553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta Services | 578 | 234743 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Industrials — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Republic Services, Cl A | 229 | $52819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rockwell Automation | 716 | 251824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rollins | 499 | 28578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RTX | 1260 | 198538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trane Technologies | 289 | 126605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Pacific | 2228 | 494549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Airlines Holdings \* | 919 | 81157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Rentals | 139 | 122729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verisk Analytics, Cl A | 185 | 51561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vertiv Holdings, Cl A | 949 | 138174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Management | 770 | 176453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Watsco | 59 | 26602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WESCO International | 327 | 67676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westinghouse Air Brake Technologies | 744 | 142885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WW Grainger | 149 | 154892 |
|  |  | 6632650 |
| &nbsp;&nbsp;&nbsp;**Information Technology — 23.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accenture, Cl A | 1031 | 275380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adobe \* | 676 | 241798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices \* | 1093 | 192707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Akamai Technologies \* | 4392 | 335154 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amdocs | 309 | 26376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amphenol, Cl A | 2915 | 310477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices | 688 | 154545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Appian, Cl A \* | 2989 | 82526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple | 11893 | 2468630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Materials | 1042 | 187623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AppLovin, Cl A \* | 385 | 150419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APTIV \* | 1191 | 81750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arista Networks \* | 1467 | 180764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asana, Cl A \* | 6257 | 91853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlassian, Cl A \* | 867 | 166273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Autodesk \* | 405 | 122760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AvePoint \* | 4719 | 90039 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bentley Systems, Cl B | 479 | 27772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Box, Cl A \* | 2740 | 87954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom | 2793 | 820304 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems \* | 588 | 214367 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CCC Intelligent Solutions Holdings \* | 15288 | 147835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check Point Software Technologies \* | 1428 | 265894 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cirrus Logic \* | 265 | $26688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems | 2423 | 164958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cloudflare, Cl A \* | 2657 | 551806 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cognizant Technology Solutions, Cl A | 1445 | 103693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Confluent, Cl A \* | 3684 | 65299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CoreWeave, Cl A \* | 466 | 53185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Credo Technology Group Holding \* | 572 | 63807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crowdstrike Holdings, Cl A \* | 1492 | 678218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CyberArk Software \* | 781 | 321358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Datadog, Cl A \* | 3386 | 473972 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DigitalOcean Holdings \* | 3054 | 85084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DocuSign, Cl A \* | 2494 | 188646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dropbox, Cl A \* | 999 | 27143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dynatrace \* | 5825 | 306453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elastic \* | 661 | 55326 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F5 \* | 93 | 29148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fabrinet \* | 188 | 60861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortinet \* | 5846 | 584015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freshworks, Cl A \* | 6325 | 82162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gartner \* | 155 | 52491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gen Digital | 10541 | 310854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gitlab, Cl A \* | 2072 | 90774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBALFOUNDRIES \* | 1461 | 54627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GoDaddy, Cl A \* | 748 | 120862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guidewire Software \* | 433 | 97953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HubSpot \* | 270 | 140305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Business Machines | 595 | 150624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intuit | 444 | 348598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jabil | 625 | 139481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keysight Technologies \* | 732 | 119982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA | 180 | 158225 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lam Research | 1671 | 158478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manhattan Associates \* | 604 | 132675 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvell Technology | 2208 | 177457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology | 857 | 57925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micron Technology | 711 | 77599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft | 6737 | 3594190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monday.com \* | 303 | 79474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MongoDB, Cl A \* | 414 | 98486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems | 78 | 55477 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Information Technology — continued** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions | 714 | $313432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NetApp | 1039 | 108191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nutanix, Cl A \* | 1669 | 125459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA | 25850 | 4597939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Okta, Cl A \* | 3044 | 297703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ON Semiconductor \* | 2781 | 156737 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle | 844 | 214182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palantir Technologies, Cl A \* | 1979 | 313375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palo Alto Networks \* | 3672 | 637459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pegasystems | 2318 | 136090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progress Software | 1819 | 87458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PTC \* | 274 | 58858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pure Storage, Cl A \* | 2238 | 133206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM | 2517 | 369395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RingCentral, Cl A \* | 1000 | 25490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roper Technologies | 784 | 431514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rubrik, Cl A \* | 1083 | 102831 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SailPoint \* | 12522 | 279741 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce | 1198 | 309479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsara, Cl A \* | 1564 | 59479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seagate Technology Holdings | 688 | 108023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SentinelOne, Cl A \* | 13117 | 240566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ServiceNow \* | 404 | 381020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ServiceTitan, Cl A \* | 820 | 95702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skyworks Solutions | 381 | 26114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowflake, Cl A \* | 763 | 170530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synopsys \* | 723 | 457999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TE Connectivity | 1383 | 284552 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teradata \* | 1260 | 26372 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments | 451 | 81658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Twilio, Cl A \* | 965 | 124485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyler Technologies \* | 50 | 29228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UiPath, Cl A \* | 7169 | 84236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VeriSign | 97 | 26080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Digital | 1455 | 114494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wix.com \* | 606 | 82434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Workday, Cl A \* | 573 | 131435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zoom Video Communications, Cl A \* | 3142 | 232665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zscaler \* | 1527 | 436050 |
|  |  | 28753220 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

**COMMON STOCK — continued**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — continued** |  |  |
| &nbsp;&nbsp;&nbsp;**Materials — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amcor | 8607 | $80475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CF Industries Holdings | 300 | 27849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CRH | 1167 | 111390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan | 2674 | 107602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Linde | 691 | 318040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Martin Marietta Materials | 168 | 96580 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nucor | 815 | 116602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern Copper | 278 | 26176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vulcan Materials | 355 | 97508 |
|  |  | 982222 |
| &nbsp;&nbsp;&nbsp;**Real Estate — 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Tower ‡ | 1505 | 313627 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crown Castle ‡ | 2271 | 238659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust ‡ | 1508 | 266072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinix ‡ | 364 | 285802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Host Hotels & Resorts ‡ | 1689 | 26551 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain ‡ | 2035 | 198128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lamar Advertising, Cl A ‡ | 222 | 27140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mid-America Apartment Communities ‡ | 182 | 25922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prologis ‡ | 3736 | 398930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Storage ‡ | 192 | 52212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rexford Industrial Realty ‡ | 4254 | 155399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SBA Communications, Cl A ‡ | 822 | 184720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group ‡ | 336 | 55033 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weyerhaeuser ‡ | 1065 | 26678 |
|  |  | 2254873 |
| &nbsp;&nbsp;&nbsp;**Utilities — 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consolidated Edison | 267 | 27635 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Energy | 144 | 50089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Fuel Gas | 312 | 27079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NRG Energy | 726 | 121387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oklo, Cl A \* | 853 | 65331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Service Enterprise Group | 533 | 47858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sempra | 1306 | 106674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;UGI | 743 | 26882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WEC Energy Group | 504 | 54976 |
|  |  | 527911 |
| Total United States |  | 60882695 |
| &nbsp;&nbsp;&nbsp;TOTAL COMMON STOCK |  |  |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

---

| | | |
|:---|:---|:---|
| **COMMON STOCK — continued** | | |
|  |<br>**Shares** |<br>**Value** |
| United States — continued |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $74,061,706) |  | $97215091 |

---

**CORPORATE OBLIGATIONS — 4.5%**

---

| | | |
|:---|:---|:---|
|  | **Face Amount(1)** | |
| **Australia — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;NCIG Holdings Pty |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.500%, 08/26/2031(A) | $100000 | 108878 |
| **China — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Fortune Star BVI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, 05/18/2026 | 275000 | 271994 |
| &nbsp;&nbsp;&nbsp;GLP China Holdings MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.950%, 03/29/2026 | 200000 | 192581 |
| &nbsp;&nbsp;&nbsp;Yanlord Land HK |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, 05/20/2026 | 365000 | 362763 |
|  |  | 827338 |
| **Hong Kong — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Bank of East Asia MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.825%, H15T5Y + 5.527%, (B) (C) | 250000 | 249750 |
| &nbsp;&nbsp;&nbsp;Elect Global Investments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.850%, (C) | 200000 | 132392 |
| &nbsp;&nbsp;&nbsp;Melco Resorts Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, 07/21/2028 | 270000 | 264355 |
| &nbsp;&nbsp;&nbsp;NWD Finance BVI |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, H15T5Y + 7.889%, (C) | 200000 | 54999 |
| &nbsp;&nbsp;&nbsp;NWD MTN |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.625%, 02/08/2028 | 200000 | 132416 |
|  |  | 833912 |
| **India — 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Clean Renewable Power Mauritius Pte |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, 03/25/2027 | 161000 | 156655 |
| &nbsp;&nbsp;&nbsp;Greenko Dutch |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.850%, 03/29/2026 | 220000 | 216512 |
| &nbsp;&nbsp;&nbsp;India Cleantech Energy |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.700%, 08/10/2026 | 197500 | 194300 |
| &nbsp;&nbsp;&nbsp;Magnum Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.375%, 10/31/2026 | 200000 | 198734 |
| &nbsp;&nbsp;&nbsp;ReNew Wind Energy AP2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 07/14/2028 | 300000 | 284088 |
| &nbsp;&nbsp;&nbsp;SAEL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.800%, 07/31/2031(D) | 194250 | 189457 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

**CORPORATE OBLIGATIONS — continued**

---

| | | |
|:---|:---|:---|
|  | **Face Amount(1)** | **Value** |
| **India — continued** |  |  |
| &nbsp;&nbsp;&nbsp;Vedanta Resources Finance II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.875%, 09/17/2029 | $200000 | $204372 |
|  |  | 1444118 |
| **Indonesia — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Bukit Makmur Mandiri Utama |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 02/10/2026 | 200000 | 199502 |
| &nbsp;&nbsp;&nbsp;Minejesa Capital BV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.625%, 08/10/2037 | 200000 | 195646 |
|  |  | 395148 |
| **Japan — 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Nomura Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.000%, H15T5Y + 3.084%, (B) (C) | 200000 | 202511 |
| &nbsp;&nbsp;&nbsp;Rakuten Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.125%, H15T5Y + 4.578%, (B) (C) | 350000 | 344393 |
| &nbsp;&nbsp;&nbsp;SoftBank Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.875%, USISOA05 + 4.854%, (B) (C) | 200000 | 197773 |
| &nbsp;&nbsp;&nbsp;Sumitomo Mitsui Financial Group |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.796%, SOFRRATE + 1.780%, 07/08/2046(B) | 110000 | 109242 |
|  |  | 853919 |
| **Macau — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Champion Path Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.850%, 01/27/2028 | 200000 | 194132 |
| &nbsp;&nbsp;&nbsp;Studio City Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.500%, 01/15/2028 | 230000 | 227688 |
|  |  | 421820 |
| **Nigeria — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;IHS Netherlands Holdco |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.000%, 09/18/2027 | 137495 | 138072 |
| **South Korea — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Hanwha Life Insurance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.300%, H15T5Y + 2.292%, 06/24/2055(B),(D) | 200000 | 205890 |
| **United Kingdom — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Standard Chartered |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, H15T5Y + 4.976%, (B) (C) | 200000 | 208043 |
| &nbsp;&nbsp;&nbsp;TOTAL CORPORATE OBLIGATIONS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Cost $5,474,811) |  | 5437138 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

**EXCHANGE-TRADED FUNDS — 3.1%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **United States — 3.1%** |  |  |
| **Domestic Commodity — 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Invesco DB Precious Metals Fund | 50275 | $3768111 |
| **International Equity — 0.0%** |  |  |
| &nbsp;&nbsp;&nbsp;iShares MSCI Saudi Arabia ETF | 2005 | 75308 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL EXCHANGE-TRADED FUNDS |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $2,913,889) |  | 3843419 |

---

**SOVEREIGN DEBT — 1.3%**

---

| | | |
|:---|:---|:---|
|  | **Face Amount(1)** | |
| **Japan — 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Japan Government Thirty Year Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, 03/20/2055 | 177550000 | 1030965 |
| **Mongolia — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;City of Ulaanbaatar Mongolia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.750%, 08/21/2027 | $200000 | 203000 |
| **Pakistan — 0.2%** |  |  |
| &nbsp;&nbsp;&nbsp;Pakistan Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.000%, 04/08/2026 | 200000 | 199000 |
| **Sri Lanka — 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Sri Lanka Government International Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.600%, 02/15/2038(A),(D) | 200000 | 167400 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL SOVEREIGN DEBT |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,688,139) |  | 1600365 |

---

**CONVERTIBLE BOND — 0.2%**

---

| | | |
|:---|:---|:---|
| **Macau — 0.2%** | | |
| &nbsp;&nbsp;&nbsp;Wynn Macau |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, 03/07/2029(D) | 200000 | 206400 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL CONVERTIBLE BONDS |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $209,803) |  | 206400 |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

**PREFERRED STOCK — 0.0%**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| Germany — 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Jungheinrich 0.000%\*\* | 381 | $14607 |
| TOTAL PREFERRED STOCK |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $15,733) |  | 14607 |

---

**U.S. TREASURY OBLIGATIONS — 4.0%**

---

| | | |
|:---|:---|:---|
|  | **Face Amount(1)** | |
| &nbsp;&nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.335%, 08/12/2025(E) | $2428000 | 2424828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.276%, 08/28/2025(E) | 2440000 | 2432154 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL U.S. TREASURY OBLIGATIONS |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $4,857,061) |  | 4856982 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOTAL INVESTMENTS — 93.1% |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $89,221,142) |  | $113174002 |

---

*Percentages are based on Net Assets of $121,543,068.*

---

| | |
|:---|:---|
| *‡* | *Real Estate Investment Trust.* |
| *\** | *Non-income producing security.* |
| *\*\** | *There is currently no rate available.* |
| *(1)* | *In U.S. dollars unless otherwise indicated.* |
| *(A)* | *Step Bonds - The rate reflected on the Schedule of Investments is the effective yield on July 31, 2025. The coupon on a step bond changes on a specified date.* |
| *(B)* | *Variable or floating rate security. The rate shown is the effective interest rate as of period end. The rates on certain securities are not based on published reference rates and spreads and are either determined by the issuer or agent based on current market conditions; by using a formula based on the rates of underlying loans; or by adjusting periodically based on prevailing interest rates.* |
| *(C)* | *Perpetual security with no stated maturity date.* |
| *(D)* | *Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors". The total value of such securities as of July 31, 2025 was $769,147 and represents 0.63% of Net Assets.* |
| *(E)* | *Interest rate represents the security's effective yield at the time of purchase.* |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

ADR — American Depositary Receipt

AUD — Australian Dollar

CAD — Canadian Dollar

Cl — Class

CHF — Swiss Franc

CNH — Chinese Yuan Offshore

EAFE — Europe, Australasia and Far East

ETF — Exchange-Traded Fund

EUR — Euro

FTSE— Financial Times Stock Exchange

GBP — British Pound Sterling

H15T5Y — Harmonized Index of Consumer Prices 5 Year

HKD — Hong Kong Dollar

JPY — Japanese Yen

KRW — Korean Won

MSCI — Morgan Stanley Capital International

MTN — Medium Term Note

MXN — Mexican Peso

PLN — Polish Zloty

Pty — Proprietary

S&P— Standard & Poor's

SOFR — Secured Overnight Financing Rate

TOPIX — Tokyo Price Index

TSX — Toronto Stock Exchange

USD — U.S. Dollar

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

A list of the outstanding forward foreign currency contracts held by the Fund at July 31, 2025, is as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement <br> Date** | **Currency to <br> Deliver** | **Currency to <br> Deliver** | **Currency to Receive** | **Currency to Receive** | **Unrealized <br> Appreciation/ <br> (Depreciation)** |
| Jefferies | 09/17/25 | EUR | 1011000 | USD | 1190146 | $32555 |
| Morgan Stanley | 09/17/25 | JPY | 143599000 | USD | 979161 | 21574 |
| Morgan Stanley | 09/17/25 | HKD | 29646000 | USD | 3794504 | 1252 |
| Morgan Stanley | 09/17/25 | EUR | 4230000 | USD | 4968909 | 125574 |
| Morgan Stanley | 09/17/25 | USD | 3704332 | KRW | 5070119000 | (60032) |
| Morgan Stanley | 09/17/25 | USD | 16546371 | EUR | 14385000 | (75595) |
| Morgan Stanley | 09/17/25 | USD | 596137 | PLN | 2183000 | (14099) |
| Morgan Stanley | 09/17/25 | USD | 1189344 | MXN | 22793000 | 12389 |
| Morgan Stanley | 09/17/25 | USD | 4008306 | GBP | 2964000 | (91981) |
| Morgan Stanley | 09/17/25 | USD | 1659148 | AUD | 2540000 | (25281) |
| Morgan Stanley | 09/17/25 | USD | 1856143 | JPY | 265478000 | (85807) |
| Morgan Stanley | 09/17/25 | USD | 2627275 | CAD | 3579000 | (38043) |
| Morgan Stanley | 09/17/25 | USD | 1787888 | CHF | 1454000 | 13367 |
| Morgan Stanley | 09/17/25 | CNH | 5664000 | USD | 793527 | 4888 |
|  |  |  |  |  |  | $(179239) |

---

---

| | |
|:---|:---|
| **THE ADVISORS' INNER CIRCLE FUND III** | **PINEBRIDGE DYNAMIC** |

---

**ASSET ALLOCATION FUND**

**JULY 31, 2025 (UNAUDITED)**

The open futures contracts held by the Fund at July 31, 2025, are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Contract** | **Number of <br> Contracts** | **Expiration <br> Date** | **Notional <br> Amount <sup>†</sup>** | **Value** | **Unrealized <br> Appreciation/ <br> (Depreciation)** |
| **Long Contracts** |  |  |  |  |  |
| Euro-Bobl | 15 | 9/8/25 | $1997248 | $2007429 | $(11858) |
| Euro-Bund 10-Year Bond | 58 | 9/8/25 | 8550344 | 8584797 | (61481) |
| Euro-Buxl | 14 | 9/8/25 | 1899185 | 1875358 | (46602) |
| Long Gilt 10-Year Bond | 61 | 9/26/25 | 7517819 | 7424406 | 89919 |
| U.S. Ultra Long Treasury Bond | 23 | 9/19/25 | 2674065 | 2698187 | 24122 |
|  |  |  | $22638661 | $22590177 | $(5900) |
| **Short Contracts** |  |  |  |  |  |
| Euro STOXX 50 | (5) | 9/19/25 | $(311977) | $(304701) | $488 |
| FTSE 100 Index | (6) | 9/19/25 | (730126) | (722979) | (9674) |
| FTSE China A50 | (73) | 8/28/25 | (1018326) | (1005721) | 12605 |
| IFSC Nifty50 Index | (6) | 8/28/25 | (297009) | (298038) | (1029) |
| MSCI EAFE Index | (16) | 9/19/25 | (2112261) | (2090720) | 21541 |
| MSCI Emerging Markets | (131) | 9/19/25 | (7904670) | (8110865) | (206195) |
| S&P 500 Index E-MINI | (30) | 9/19/25 | (9264600) | (9561375) | (296775) |
| S&P TSX 60 Index | (2) | 9/18/25 | (468456) | (468043) | (7234) |
| TOPIX Index | (34) | 9/11/25 | (6548544) | (6648939) | (372721) |
|  |  |  | $(28655969) | $(29211381) | $(858994) |
|  |  |  | $(6017308) | $(6621204) | $(864894) |

---

&nbsp;&nbsp;&nbsp;&nbsp;† The
 foreign exchange rate for the contract notional amounts are based on prevailing exchange
 rates on the date the respective contracts were opened.

PBI-QH-001-1900

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE III

- **b. Investment Company Act file number:** 811-22920

- **c. CIK number of Registrant:** 0001593547

- **d. LEI of Registrant:** 549300TG800HOPJVWT31

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

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** PineBridge Dynamic Asset Allocation Fund

- **b. EDGAR series identifier (if any):** S000052180

- **c. LEI of Series:** 549300LOGIIZMPJP7E62

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $122151464.25

**Total Liabilities:** $603644.91

**Net Assets:** $121547819.34

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -9.01299180 | **1-Year:** -44.41844540 | **5-Year:** -224.37417046 | **10-Year:** -252.06029685 | **30-Year:** -135.80478450

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -61.14285370 | **1-Year:** -401.81188779 | **5-Year:** -240.13018082 | **10-Year:** -133.77763457 | **30-Year:** -11.24729863

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164187 | -0.57%               | 3.62%                | 3.66%                |
| Class ID C000164186 | -0.57%               | 3.53%                | 3.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1036198.90              | $-366489.20                                |
| Month 2  | $814550.53               | $3284184.48                                |
| Month 3  | $-138007.58              | $5698904.35                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RINGCENTRAL, INC.                                                                           | RINGCENTRAL INC-CLASS A COMMON STOCK                                   | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               |  | US        |      1000 | NS      | $25490.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                                                             | UNITED THERAPEUTICS CORP COMMON STOCK                                  | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               |  | US        |       371 | NS      | $101913.70    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE, INC.                                                                               | NETEASE INC COMMON STOCK                                               | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               |  | HK        |     13700 | NS      | $358148.89    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORPORATION JAPAN                                                                    | ORACLE CORP JAPAN COMMON STOCK                                         | CUSIP: N/A<br>LEI: 529900MIMKY9RU60Z323       | Long             | EC               |  | JP        |       800 | NS      | $86515.55     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentera, S.A.B. de C.V.                                                                     | GENTERA SAB DE CV COMMON STOCK                                         | CUSIP: N/A<br>LEI: 4469000001ECOWXFNE33       | Long             | EC               |  | MX        |     39679 | NS      | $89979.73     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt.                                       | RICHTER GEDEON NYRT COMMON STOCK                                       | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               |  | HU        |      2892 | NS      | $86725.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SDIC Power Holdings Co., Ltd.                                                               | SDIC POWER HOLDINGS CO LTD-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 300300LQJ91PHBNFC721       | Long             | EC               |  | CN        |      2000 | NS      | $4378.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS, INC.                                                                    | DARDEN RESTAURANTS INC COMMON STOCK                                    | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               |  | US        |       133 | NS      | $26822.11     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WATSCO, INC.                                                                                | WATSCO INC COMMON STOCK                                                | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               |  | US        |        59 | NS      | $26601.92     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Limited                                                                    | TENCENT HOLDINGS LTD COMMON STOCK                                      | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               |  | HK        |     15778 | NS      | $1104653.11   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODY'S CORPORATION                                                                         | MOODY'S CORP COMMON STOCK                                              | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               |  | US        |       167 | NS      | $86126.91     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Bank                                                                                 | INDIAN BANK COMMON STOCK                                               | CUSIP: N/A<br>LEI: 5493008JR8FCVQ6FJL94       | Long             | EC               |  | IN        |     27900 | NS      | $197256.81    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED                                                | PUBLIC SERVICE ENTERPRISE GP COMMON STOCK                              | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               |  | US        |       533 | NS      | $47858.07     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                                                                                 | BRENNTAG SE COMMON STOCK                                               | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               |  | DE        |       738 | NS      | $45784.94     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen                   | MUENCHENER RUECKVER AG-REG COMMON STOCK                                | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               |  | DE        |       206 | NS      | $134862.33    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO, INC                                                                    | FX Forward Contract: AUD/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | AU        |         1 | NC      | $-25281.06    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                                                               | UNICREDIT SPA COMMON STOCK                                             | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               |  | IT        |       503 | NS      | $37007.67     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| China State Construction Engineering Corporation Limited                                    | CHINA STATE CONSTRUCTION -A COMMON STOCK                               | CUSIP: N/A<br>LEI: 300300CWW8WOEV3BR645       | Long             | EC               |  | CN        |     39800 | NS      | $31278.29     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                                                           | SIEMENS ENERGY AG COMMON STOCK                                         | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               |  | DE        |       785 | NS      | $90886.39     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RALPH LAUREN CORPORATION                                                                    | RALPH LAUREN CORP COMMON STOCK                                         | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               |  | US        |        96 | NS      | $28680.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                                                                                  | ZALANDO SE COMMON STOCK                                                | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               |  | DE        |      1886 | NS      | $54992.19     | 0.05%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CSX Corporation                                                                             | CSX CORP COMMON STOCK                                                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               |  | US        |      3356 | NS      | $119272.24    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESS SOFTWARE CORPORATION                                                               | PROGRESS SOFTWARE CORP COMMON STOCK                                    | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               |  | US        |      1819 | NS      | $87457.52     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                                                                            | SALESFORCE INC COMMON STOCK                                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               |  | US        |      1198 | NS      | $309479.34    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                                                                             | UGI CORP COMMON STOCK                                                  | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               |  | US        |       743 | NS      | $26881.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORPORATION                                                                  | CARRIER GLOBAL CORP COMMON STOCK                                       | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               |  | US        |      1513 | NS      | $103822.06    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SAEL LIMITED                                                                                | SAEL/SPREPL/SSSPL/JGPEPL/SKREPL/UBEPL 144A 7.800000% 07/31/2031        | CUSIP: 78637MAA6<br>LEI: 335800MZQ5VPQKTJ3251 | Long             | DBT              | NUSS              | IN        |    194250 | PA      | $189456.56    | 0.16%             | 2031-07-31      | Fixed         | 7.80%                 | Yes           |                  2 | On Loan: No      |
| LEONARDO - SOCIETA PER AZIONI                                                               | LEONARDO SPA COMMON STOCK                                              | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               |  | IT        |      1289 | NS      | $69481.21     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION                                                  | COGNIZANT TECH SOLUTIONS-A COMMON STOCK                                | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               |  | US        |      1445 | NS      | $103693.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COPPER CORPORATION                                                                 | SOUTHERN COPPER CORP COMMON STOCK                                      | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               |  | US        |       278 | NS      | $26176.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MONOLITHIC POWER SYSTEMS, INC.                                                              | MONOLITHIC POWER SYSTEMS INC COMMON STOCK                              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               |  | US        |        78 | NS      | $55476.72     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aroundtown SA                                                                               | AROUNDTOWN SA COMMON STOCK                                             | CUSIP: N/A<br>LEI: 529900H4DWG3KWMBMQ39       | Long             | EC               |  | DE        |      7406 | NS      | $26706.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                                                                   | CBOE GLOBAL MARKETS INC COMMON STOCK                                   | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               |  | US        |       117 | NS      | $28201.68     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                                                                        | FX Forward Contract: CHF/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | CH        |         1 | NC      | $13366.59     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Limited                                                                      | TOKYO ELECTRON LTD COMMON STOCK                                        | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               |  | JP        |       400 | NS      | $63591.54     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                                                                        | FX Forward Contract: GBP/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | GB        |         1 | NC      | $-91981.14    | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ARCH CAPITAL GROUP LTD.                                                                     | ARCH CAPITAL GROUP LTD COMMON STOCK                                    | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               |  | US        |       312 | NS      | $26850.72     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED EDISON, INC.                                                                   | CONSOLIDATED EDISON INC COMMON STOCK                                   | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               |  | US        |       267 | NS      | $27634.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC.                                                                                  | AMGEN INC COMMON STOCK                                                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               |  | US        |       456 | NS      | $134565.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp.                                                                     | ACCTON TECHNOLOGY CORP COMMON STOCK                                    | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               |  | TW        |      4000 | NS      | $118136.85    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORPORATION                                                                        | AMPHENOL CORP-CL A COMMON STOCK                                        | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               |  | US        |      2915 | NS      | $310476.65    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                               | FX Forward Contract: USD/EUR SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $32554.65     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                                                                    | INFINEON TECHNOLOGIES AG COMMON STOCK                                  | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               |  | DE        |      1539 | NS      | $60456.83     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corporation                                                                      | SONY GROUP CORP COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               |  | JP        |     14500 | NS      | $348773.10    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| GE VERNOVA INC.                                                                             | GE VERNOVA INC COMMON STOCK                                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               |  | US        |       323 | NS      | $213273.67    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tongcheng Travel Holdings Limited                                                           | TONGCHENG TRAVEL HOLDINGS LTD COMMON STOCK                             | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               |  | HK        |     46800 | NS      | $117263.53    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                                                                         | MTU AERO ENGINES AG COMMON STOCK                                       | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               |  | DE        |       147 | NS      | $63409.78     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SHREE CEMENT LIMITED                                                                        | SHREE CEMENT LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: 335800W6FNBDUZ89L830       | Long             | EC               |  | IN        |       150 | NS      | $52581.54     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD CHARTERED PLC                                                                      | STANDARD CHARTERED PLC 7.750000% MATURITY: PERPETUAL                   | CUSIP: G84228FJ2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | NUSS              | GB        |    200000 | PA      | $208043.00    | 0.17%             | 2174-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE INC.                                                                             | BLACKSTONE INC COMMON STOCK                                            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               |  | US        |      2610 | NS      | $451425.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                                                                            | NOVO NORDISK A/S-B COMMON STOCK                                        | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               |  | DK        |      2733 | NS      | $127106.38    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                                                                | CF INDUSTRIES HOLDINGS INC COMMON STOCK                                | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               |  | US        |       300 | NS      | $27849.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle S.A.                                                                                 | NESTLE SA-REG COMMON STOCK                                             | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               |  | CH        |      2419 | NS      | $211365.16    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST, INC.                                                                  | DIGITAL REALTY TRUST INC REIT                                          | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |      1508 | NS      | $266071.52    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | IFSC NIFTY 50 FUT AUG25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | IN        |        19 | NC      | $943787.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| MinebeaMitsumi Inc.                                                                         | MINEBEA MITSUMI INC COMMON STOCK                                       | CUSIP: N/A<br>LEI: 353800CCB0CZ75YZ4010       | Long             | EC               |  | JP        |      6000 | NS      | $94430.31     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings N.V.                                                                        | AERCAP HOLDINGS NV COMMON STOCK                                        | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               |  | US        |       157 | NS      | $16838.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                                                              | CONOCOPHILLIPS COMMON STOCK                                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               |  | US        |       596 | NS      | $56822.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa, Sociedad Anonima                                                                    | ENDESA SA COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               |  | ES        |      1383 | NS      | $40009.41     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                                                                | MARRIOTT INTERNATIONAL -CL A COMMON STOCK                              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               |  | US        |       204 | NS      | $53821.32     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico, S.A.B. de C.V.                                                                | GRUPO MEXICO SAB DE CV-SER B COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | MX        |     14720 | NS      | $91831.26     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| THALES SA                                                                                   | THALES SA COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               |  | FR        |       287 | NS      | $77201.32     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PG ELECTROPLAST LIMITED                                                                     | PG ELECTROPLAST LTD COMMON STOCK                                       | CUSIP: Y6S267120<br>LEI: 335800KCTBN8PT395N87 | Long             | EC               |  | IN        |      6800 | NS      | $62575.28     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH, INC.                                                                       | ELEVANCE HEALTH INC COMMON STOCK                                       | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               |  | US        |       293 | NS      | $82942.44     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE, INC.                                                                            | CLOUDFLARE INC - CLASS A COMMON STOCK                                  | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               |  | US        |      2657 | NS      | $551805.76    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | MSCI EMGMKT       SEP25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -131 | NC      | $-8110865.00  | -6.67%            |  |  |  | No            |                  1 | On Loan: No      |
| JCR Pharmaceuticals Co., Ltd.                                                               | JCR PHARMACEUTICALS CO LTD COMMON STOCK                                | CUSIP: N/A<br>LEI: 353800IMIU9CQ1DGOS14       | Long             | EC               |  | JP        |      6600 | NS      | $24701.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LAMAR ADVERTISING COMPANY                                                                   | LAMAR ADVERTISING CO-A REIT                                            | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |       222 | NS      | $27139.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGRAND SA                                                                                  | LEGRAND SA COMMON STOCK                                                | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               |  | FR        |      2691 | NS      | $397479.42    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujian Sunner Development Co., Ltd.                                                         | FUJIAN SUNNER DEVELOPMENT-A COMMON STOCK                               | CUSIP: N/A<br>LEI: 300300O2MSF659DM5M44       | Long             | EC               |  | CN        |     10500 | NS      | $23250.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | S&P/TSX 60 IX FUT SEP25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |        -2 | NC      | $-468042.72   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| GUIDEWIRE SOFTWARE, INC.                                                                    | GUIDEWIRE SOFTWARE INC COMMON STOCK                                    | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               |  | US        |       433 | NS      | $97953.26     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC.                                                                                | SHOPIFY INC - CLASS A COMMON STOCK                                     | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               |  | US        |      1400 | NS      | $171094.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                                                          | AGRICULTURAL BANK OF CHINA-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               |  | CN        |     44800 | NS      | $39220.45     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LAS VEGAS SANDS CORP.                                                                       | LAS VEGAS SANDS CORP COMMON STOCK                                      | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               |  | US        |      2866 | NS      | $150178.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJI ELECTRIC CO., LTD.                                                                     | FUJI ELECTRIC CO LTD COMMON STOCK                                      | CUSIP: N/A<br>LEI: 5299000HVNGZZTYYM906       | Long             | EC               |  | JP        |      1200 | NS      | $59661.87     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Redcare Pharmacy N.V.                                                                       | REDCARE PHARMACY NV COMMON STOCK                                       | CUSIP: N/A<br>LEI: 529900JK6UXHY1YKZ082       | Long             | EC               |  | DE        |       275 | NS      | $30439.90     | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| YANLORD LAND (HK) CO., LIMITED                                                              | YANLORD LAND HK CO LTD 5.125000% 05/20/2026                            | CUSIP: N/A<br>LEI: 549300O56H3950RDWG19       | Long             | DBT              | NUSS              | CN        |    365000 | PA      | $362763.64    | 0.30%             | 2026-05-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                                                                 | RELX PLC - SPON ADR DEPOSITARY RECEIPT                                 | CUSIP: 759530108<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               |  | US        |      2578 | NS      | $133772.42    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HON HAI PRECISION INDUSTRY CO., LTD.                                                        | HON HAI PRECISION INDUSTRY COMMON STOCK                                | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               |  | TW        |     21605 | NS      | $127047.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize AG                                                                                   | AMRIZE LTD COMMON STOCK                                                | CUSIP: N/A<br>LEI: 529900SLCCO6K43P8146       | Long             | EC               |  | CH        |       200 | NS      | $10110.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                                                                  | AMERIPRISE FINANCIAL INC COMMON STOCK                                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               |  | US        |       104 | NS      | $53891.76     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Asana Inc                                                                                   | ASANA INC - CL A COMMON STOCK                                          | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Long             | EC               |  | US        |      6257 | NS      | $91852.76     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                                                                              | BNP PARIBAS COMMON STOCK                                               | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               |  | FR        |       372 | NS      | $33918.35     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MAIN STREET CAPITAL CORPORATION                                                             | MAIN STREET CAPITAL CORP COMMON STOCK                                  | CUSIP: 56035L104<br>LEI: 5493001FS9QJLJNF3E20 | Long             | EC               |  | US        |       189 | NS      | $12228.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR CAPITAL CORP.                                                                        | FS KKR CAPITAL CORP COMMON STOCK                                       | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               |  | US        |       594 | NS      | $12420.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Haid Group Co., Limited                                                           | GUANGDONG HAID GROUP CO-A COMMON STOCK                                 | CUSIP: N/A<br>LEI: 300300Y7LIHH4R4TWD50       | Long             | EC               |  | CN        |      4200 | NS      | $32945.24     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings, Inc.                                                                 | DIGITALOCEAN HOLDINGS INC COMMON STOCK                                 | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               |  | US        |      3054 | NS      | $85084.44     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| freenet AG                                                                                  | FREENET AG COMMON STOCK                                                | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               |  | DE        |      1551 | NS      | $50303.41     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA | AIR LIQUIDE SA COMMON STOCK                                            | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               |  | FR        |       669 | NS      | $131616.85    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORPORATION                                                                           | NUCOR CORP COMMON STOCK                                                | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               |  | US        |       815 | NS      | $116602.05    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| POOL CORPORATION                                                                            | POOL CORP COMMON STOCK                                                 | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               |  | US        |        90 | NS      | $27732.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | EURO STOXX 50     SEP25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        -5 | NC      | $-304700.60   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| MASTEC, INC.                                                                                | MASTEC INC COMMON STOCK                                                | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               |  | US        |       610 | NS      | $115418.10    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PUBLIC LIMITED COMPANY                                                                  | AON PLC-CLASS A COMMON STOCK                                           | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               |  | US        |       157 | NS      | $55846.47     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BANK OF BARODA LIMITED                                                                  | BANK OF BARODA COMMON STOCK                                            | CUSIP: Y06451119<br>LEI: 549300CQ6M9Q0TJEZR23 | Long             | EC               |  | IN        |     90166 | NS      | $243636.03    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corporation                                                                          | ITOCHU CORP COMMON STOCK                                               | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               |  | JP        |      5900 | NS      | $309470.44    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| InPost S.A.                                                                                 | INPOST SA COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 2221003M23QLERR89585       | Long             | EC               |  | NL        |      3053 | NS      | $43849.36     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| REXEL SA                                                                                    | REXEL SA COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               |  | FR        |       547 | NS      | $16532.79     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IHS Mauritius NG Holdco Limited                                                             | IHS NETHERLANDS HOLDCO BV 8.000000% 09/18/2027                         | CUSIP: N/A<br>LEI: 5493006Z6YQYCCN2XI74       | Long             | DBT              | NUSS              | NG        |    137495 | PA      | $138072.00    | 0.11%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| China Literature Ltd                                                                        | CHINA LITERATURE LTD COMMON STOCK                                      | CUSIP: N/A<br>LEI: 529900YXWIZUFHMK8W28       | Long             | EC               |  | HK        |     15200 | NS      | $59734.19     | 0.05%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Nordex SE                                                                                   | NORDEX SE COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 529900HVDYCUWVD0OE76       | Long             | EC               |  | DE        |       884 | NS      | $21698.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                               | FX Forward Contract: USD/EUR SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $125573.64    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ACCENTURE PUBLIC LIMITED COMPANY                                                            | ACCENTURE PLC-CL A COMMON STOCK                                        | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               |  | US        |      1031 | NS      | $275380.10    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Career International Co Ltd                                                         | BEIJING CAREER INTERNATION-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 300300N4J0152Y3P5E53       | Long             | EC               |  | CN        |      5000 | NS      | $24824.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance (Group) Company of China, Ltd.                                            | PING AN INSURANCE GROUP CO-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               |  | CN        |      1700 | NS      | $13845.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| C.H. ROBINSON WORLDWIDE, INC.                                                               | C.H. ROBINSON WORLDWIDE INC COMMON STOCK                               | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               |  | US        |      1410 | NS      | $162601.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEJIANG DAHUA TECHNOLOGY CO., LTD.                                                         | ZHEJIANG DAHUA TECHNOLOGY-A COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |      6400 | NS      | $14433.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT, Inc.                                                                                   | NTT INC COMMON STOCK                                                   | CUSIP: J59396101<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               |  | JP        |    287200 | NS      | $290032.25    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Inner Mongolia Yili Industrial Group Co., Ltd.                                              | INNER MONGOLIA YILI INDUS-A COMMON STOCK                               | CUSIP: N/A<br>LEI: 3003002Q2A863JPQFH06       | Long             | EC               |  | CN        |      5700 | NS      | $21698.44     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nantong Jianghai Capacitor Co., Ltd.                                                        | NANTONG JIANGHAI CAPACITOR-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 655600C7JLS3EH5G9P95       | Long             | EC               |  | CN        |      4200 | NS      | $13886.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FOX CORPORATION                                                                             | FOX CORP - CLASS A COMMON STOCK                                        | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               |  | US        |      2460 | NS      | $137169.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MAHINDRA AND MAHINDRA LIMITED                                                               | MAHINDRA & MAHINDRA LTD COMMON STOCK                                   | CUSIP: N/A<br>LEI: 3358003B573EV4KB4Z02       | Long             | EC               |  | IN        |      2021 | NS      | $73622.21     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PUNJAB NATIONAL BANK                                                                        | PUNJAB NATIONAL BANK COMMON STOCK                                      | CUSIP: N/A<br>LEI: 335800LE3GBR6I412V82       | Long             | EC               |  | IN        |     46400 | NS      | $55491.51     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISIGN, INC.                                                                              | VERISIGN INC COMMON STOCK                                              | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               |  | US        |        97 | NS      | $26080.39     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LIMITED                                                                          | ICICI BANK LTD-SPON ADR DEPOSITARY RECEIPT                             | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               |  | US        |      3500 | NS      | $117950.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HINDUSTAN UNILEVER LIMITED                                                                  | HINDUSTAN UNILEVER LTD COMMON STOCK                                    | CUSIP: N/A<br>LEI: 5493007IW5N37IKRPM32       | Long             | EC               |  | IN        |      1684 | NS      | $48363.80     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NINGBO ORIENT WIRES & CABLES CO.,LTD.                                                       | NINGBO ORIENT WIRES & CABL-A COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |      1300 | NS      | $8551.64      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                                                                      | SEMPRA COMMON STOCK                                                    | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               |  | US        |      1306 | NS      | $106674.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco Aktiebolag                                                                      | ATLAS COPCO AB-B SHS COMMON STOCK                                      | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               |  | SE        |      1280 | NS      | $17322.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD COMPANY LIMITED                                                                         | BYD CO LTD -A COMMON STOCK                                             | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               |  | CN        |       300 | NS      | $4362.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJI OIL CO., LTD.                                                                          | FUJI OIL CO LTD/OSAKA COMMON STOCK                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      5000 | NS      | $94085.69     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                                                                | PROCTER & GAMBLE CO/THE COMMON STOCK                                   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               |  | US        |      1231 | NS      | $185228.57    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The Chiba Bank, Ltd.                                                                        | CHIBA BANK LTD/THE COMMON STOCK                                        | CUSIP: N/A<br>LEI: FGJPAKKCTZVSKZXNBS63       | Long             | EC               |  | JP        |     15500 | NS      | $144471.01    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| eClerx Services Limited                                                                     | ECLERX SERVICES LTD COMMON STOCK                                       | CUSIP: N/A<br>LEI: 335800AL5EIRPWHMSY54       | Long             | EC               |  | IN        |       400 | NS      | $17133.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sungrow Power Supply Co., Ltd.                                                              | SUNGROW POWER SUPPLY CO LT-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 30030052IWC7RGVFG505       | Long             | EC               |  | CN        |     10963 | NS      | $109430.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| METTLER-TOLEDO INTERNATIONAL INC.                                                           | METTLER-TOLEDO INTERNATIONAL COMMON STOCK                              | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               |  | US        |        23 | NS      | $28374.64     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION, INC.                                                                   | ROCKWELL AUTOMATION INC COMMON STOCK                                   | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               |  | US        |       716 | NS      | $251824.36    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                               | GOLDMAN SACHS GROUP INC COMMON STOCK                                   | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               |  | US        |       780 | NS      | $564400.20    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                                                      | TRANE TECHNOLOGIES PLC COMMON STOCK                                    | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               |  | US        |       289 | NS      | $126605.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORPORATION                                                                | TENET HEALTHCARE CORP COMMON STOCK                                     | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               |  | US        |       340 | NS      | $54835.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JABIL INC.                                                                                  | JABIL INC COMMON STOCK                                                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               |  | US        |       625 | NS      | $139481.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NVENT ELECTRIC PUBLIC LIMITED COMPANY                                                       | NVENT ELECTRIC PLC COMMON STOCK                                        | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               |  | US        |       857 | NS      | $67205.94     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| M&A Capital Partners Co Ltd                                                                 | M&A CAPITAL PARTNERS CO LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      3900 | NS      | $76007.57     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALSTOM SA                                                                                   | ALSTOM COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 96950032TUYMW11FB530       | Long             | EC               |  | FR        |       977 | NS      | $22916.86     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                                                                  | ALLIANZ SE-REG COMMON STOCK                                            | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               |  | DE        |       406 | NS      | $160442.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SUZUKI MOTOR CORPORATION                                                                    | SUZUKI MOTOR CORP COMMON STOCK                                         | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               |  | JP        |     11300 | NS      | $124159.58    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SAAB Aktiebolag                                                                             | SAAB AB-B COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 549300ZHO4JCQQI13M69       | Long             | EC               |  | SE        |      1514 | NS      | $82352.54     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YUTONG BUS CO., LTD.                                                                        | YUTONG BUS CO LTD-A COMMON STOCK                                       | CUSIP: N/A<br>LEI: 300300OMPRVW0Q75F037       | Long             | EC               |  | CN        |     10900 | NS      | $37721.92     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INCORPORATED                                                                          | AFLAC INC COMMON STOCK                                                 | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               |  | US        |       541 | NS      | $53753.76     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                                                                                   | SANOFI COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               |  | FR        |      2111 | NS      | $189506.18    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECON ENGINEERING COMPANY LIMITED                                                          | ELECON ENGINEERING CO LTD COMMON STOCK                                 | CUSIP: N/A<br>LEI: 335800H65LT1IKZEIF87       | Long             | EC               |  | IN        |      5200 | NS      | $33719.18     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group, Inc.                                                                | MIZUHO FINANCIAL GROUP INC COMMON STOCK                                | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               |  | JP        |      9600 | NS      | $281583.95    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ALLSTATE CORPORATION                                                                    | ALLSTATE CORP COMMON STOCK                                             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               |  | US        |       141 | NS      | $28658.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OKTA, INC.                                                                                  | OKTA INC COMMON STOCK                                                  | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               |  | US        |      3044 | NS      | $297703.20    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PRYSMIAN S.P.A.                                                                             | PRYSMIAN SPA COMMON STOCK                                              | CUSIP: N/A<br>LEI: 529900X0H1IO3RS1A464       | Long             | EC               |  | IT        |       821 | NS      | $65567.99     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                                                                         | ABBOTT LABORATORIES COMMON STOCK                                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               |  | US        |      1106 | NS      | $139566.14    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Health International Inc                                                                 | JD HEALTH INTERNATIONAL INC COMMON STOCK                               | CUSIP: N/A<br>LEI: 254900OM3MAXYK8PCC84       | Long             | EC               |  | HK        |     37950 | NS      | $242668.94    | 0.20%             |  |  |  | Yes           |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                                                                        | FX Forward Contract: EUR/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | XX        |         1 | NC      | $-71846.50    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                                                                   | NATIONAL FUEL GAS CO COMMON STOCK                                      | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               |  | US        |       312 | NS      | $27078.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORPORATION                                                                          | NVIDIA CORP COMMON STOCK                                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               |  | US        |     25850 | NS      | $4597939.50   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INCORPORATED                                                                  | IRON MOUNTAIN INC REIT                                                 | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |      2035 | NS      | $198127.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLOVIN CORPORATION                                                                        | APPLOVIN CORP-CLASS A COMMON STOCK                                     | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               |  | US        |       385 | NS      | $150419.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDUSTRIAL REALTY, INC                                                              | REXFORD INDUSTRIAL REALTY IN REIT                                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |      4254 | NS      | $155398.62    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KONGSBERG GRUPPEN ASA                                                                       | KONGSBERG GRUPPEN ASA COMMON STOCK                                     | CUSIP: R60837151<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               |  | NO        |      2315 | NS      | $69179.46     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc.                                                                               | MEDIATEK INC COMMON STOCK                                              | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               |  | TW        |      3906 | NS      | $176881.54    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRONICS JAPAN CO.,LTD.                                                                    | MICRONICS JAPAN CO LTD COMMON STOCK                                    | CUSIP: N/A<br>LEI: 353800FFW2OP7ZVXBO86       | Long             | EC               |  | JP        |      2800 | NS      | $102012.58    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AvePoint Inc                                                                                | AVEPOINT INC COMMON STOCK                                              | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               |  | US        |      4719 | NS      | $90038.52     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADATA CORPORATION                                                                        | TERADATA CORP COMMON STOCK                                             | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               |  | US        |      1260 | NS      | $26371.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Holcim AG                                                                                   | HOLCIM LTD COMMON STOCK                                                | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               |  | CH        |       200 | NS      | $15949.99     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Updater Services Ltd                                                                        | UPDATER SERVICES LTD COMMON STOCK                                      | CUSIP: N/A<br>LEI: 335800DTN2WIQPAWUY22       | Long             | EC               |  | IN        |      2300 | NS      | $7564.40      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Treasure Factory Co Ltd                                                                     | TREASURE FACTORY CO LTD COMMON STOCK                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      5000 | NS      | $57486.36     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                                                                   | VISA INC-CLASS A SHARES COMMON STOCK                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               |  | US        |       865 | NS      | $298831.55    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RAITO KOGYO CO., LTD.                                                                       | RAITO KOGYO CO LTD COMMON STOCK                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      2500 | NS      | $51655.19     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORPORATION                                                                 | ARES MANAGEMENT CORP - A COMMON STOCK                                  | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               |  | US        |       686 | NS      | $127273.58    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| China Railway Signal & Communication Corporation Limited                                    | CHINA RAILWAY SIGNAL & COM-H COMMON STOCK                              | CUSIP: N/A<br>LEI: 529900GK68ZHDM38WD21       | Long             | EC               |  | HK        |     53000 | NS      | $23169.93     | 0.02%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PULTEGROUP, INC.                                                                            | PULTEGROUP INC COMMON STOCK                                            | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               |  | US        |      1154 | NS      | $130309.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EIFFAGE SA                                                                                  | EIFFAGE COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               |  | FR        |       177 | NS      | $23759.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| thyssenkrupp AG                                                                             | THYSSENKRUPP AG COMMON STOCK                                           | CUSIP: N/A<br>LEI: 549300UDG16DOYUPR330       | Long             | EC               |  | DE        |      7656 | NS      | $88619.49     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DECKERS OUTDOOR CORPORATION                                                                 | DECKERS OUTDOOR CORP COMMON STOCK                                      | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               |  | US        |       790 | NS      | $83874.30     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Trust Group, Inc.                                                           | SUMITOMO MITSUI TRUST GROUP COMMON STOCK                               | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               |  | JP        |      7600 | NS      | $199232.21    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                                                                                 | SWISS RE AG COMMON STOCK                                               | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               |  | CH        |       108 | NS      | $19332.15     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Baoshan Iron & Steel Co.,Ltd.                                                               | BAOSHAN IRON & STEEL CO-A COMMON STOCK                                 | CUSIP: N/A<br>LEI: 300300PYAP4PEHORZT21       | Long             | EC               |  | CN        |     23500 | NS      | $23958.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                                    | LLOYDS BANKING GROUP PLC COMMON STOCK                                  | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               |  | GB        |     21785 | NS      | $22339.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                               | FX Forward Contract: USD/JPY SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $21573.83     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY, INC.                                                                     | MICRON TECHNOLOGY INC COMMON STOCK                                     | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               |  | US        |       711 | NS      | $77598.54     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE SA                                                                         | SOCIETE GENERALE SA COMMON STOCK                                       | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Long             | EC               |  | FR        |       262 | NS      | $16723.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORPORATION                                                                   | WR BERKLEY CORP COMMON STOCK                                           | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               |  | US        |       403 | NS      | $27730.43     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                                                                  | PALANTIR TECHNOLOGIES INC-A COMMON STOCK                               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               |  | US        |      1979 | NS      | $313374.65    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS TOOL WORKS INC.                                                                    | ILLINOIS TOOL WORKS COMMON STOCK                                       | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               |  | US        |       215 | NS      | $55033.55     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ELECTRONIC ARTS INC.                                                                        | ELECTRONIC ARTS INC COMMON STOCK                                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               |  | US        |       349 | NS      | $53219.01     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                               | FX Forward Contract: USD/CNY SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $4888.24      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VAT Group AG                                                                                | VAT GROUP AG COMMON STOCK                                              | CUSIP: N/A<br>LEI: 529900MVFK7NVALR7Y83       | Long             | EC               |  | CH        |       135 | NS      | $47275.49     | 0.04%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Fraport AG Frankfurt Airport Services Worldwide                                             | FRAPORT AG FRANKFURT AIRPORT COMMON STOCK                              | CUSIP: N/A<br>LEI: 5299001ERX0K10IZUL40       | Long             | EC               |  | DE        |       782 | NS      | $58193.37     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS CO                                                                          | VERTIV HOLDINGS CO-A COMMON STOCK                                      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               |  | US        |       949 | NS      | $138174.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ANALOG DEVICES, INC.                                                                        | ANALOG DEVICES INC COMMON STOCK                                        | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               |  | US        |       688 | NS      | $154545.44    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER, INC.                                                                               | ZSCALER INC COMMON STOCK                                               | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               |  | US        |      1527 | NS      | $436050.12    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United Internet AG                                                                          | UNITED INTERNET AG-REG SHARE COMMON STOCK                              | CUSIP: N/A<br>LEI: 3VEKWPJHTD4NKMBVG947       | Long             | EC               |  | DE        |       750 | NS      | $21497.27     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bechtle AG                                                                                  | BECHTLE AG COMMON STOCK                                                | CUSIP: N/A<br>LEI: 529900HA2QT774RUXW59       | Long             | EC               |  | DE        |       960 | NS      | $41667.73     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                                                                  | KIMBERLY-CLARK CORP COMMON STOCK                                       | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               |  | US        |       432 | NS      | $53835.84     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                                     | BRISTOL-MYERS SQUIBB CO COMMON STOCK                                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               |  | US        |      1157 | NS      | $50109.67     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenko Dutch B.V.                                                                          | GREENKO DUTCH BV 3.850000% 03/29/2026                                  | CUSIP: N3700LAD7<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | NUSS              | IN        |    220000 | PA      | $216512.32    | 0.18%             | 2026-03-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Wanhua Chemical Group Co., Ltd.                                                             | WANHUA CHEMICAL GROUP CO -A COMMON STOCK                               | CUSIP: N/A<br>LEI: 3003002H0G2KDG6CR124       | Long             | EC               |  | CN        |      1600 | NS      | $13828.03     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| China Railway Group Limited                                                                 | CHINA RAILWAY GROUP LTD-H COMMON STOCK                                 | CUSIP: N/A<br>LEI: 529900TFRLG8UDJ7QA89       | Long             | EC               |  | HK        |     21000 | NS      | $10565.77     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | FTSE 100 IDX FUT  SEP25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |        -6 | NC      | $-722979.40   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                                                                | BARCLAYS PLC COMMON STOCK                                              | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               |  | GB        |      5319 | NS      | $25999.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC.                                                                    | LULULEMON ATHLETICA INC COMMON STOCK                                   | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               |  | US        |       246 | NS      | $49330.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NHPC LIMITED                                                                                | NHPC LTD COMMON STOCK                                                  | CUSIP: Y6268G101<br>LEI: 3358003ZPPTGWT595J46 | Long             | EC               |  | IN        |     31500 | NS      | $29727.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                                                                    | MOTOROLA SOLUTIONS INC COMMON STOCK                                    | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               |  | US        |       714 | NS      | $313431.72    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Elect Global Investments Limited                                                            | ELECT GLOBAL INVESTMENTS LTD 4.850000% MATURITY: PERPETUAL             | CUSIP: N/A<br>LEI: 254900MGJD77N8VPNK65       | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $132392.25    | 0.11%             | 2174-02-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ICICI BANK LIMITED                                                                          | ICICI BANK LTD COMMON STOCK                                            | CUSIP: Y3860Z132<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               |  | IN        |     10156 | NS      | $171020.02    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RESMED INC.                                                                                 | RESMED INC COMMON STOCK                                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               |  | US        |       208 | NS      | $56563.52     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AIRBNB, INC.                                                                                | AIRBNB INC-CLASS A COMMON STOCK                                        | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               |  | US        |       988 | NS      | $130821.08    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WIX.COM LTD                                                                                 | WIX.COM LTD COMMON STOCK                                               | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               |  | US        |       606 | NS      | $82434.18     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TATA CONSULTANCY SERVICES LIMITED                                                           | TATA CONSULTANCY SVCS LTD COMMON STOCK                                 | CUSIP: Y85279100<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               |  | IN        |      1900 | NS      | $65524.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HOYA CORPORATION                                                                            | HOYA CORP COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               |  | JP        |       600 | NS      | $75697.68     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SK hynix Inc.                                                                               | SK HYNIX INC COMMON STOCK                                              | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               |  | KR        |      1723 | NS      | $333944.91    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Insource Co Ltd                                                                             | INSOURCE CO LTD COMMON STOCK                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     12100 | NS      | $73032.77     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.                                                                  | CROWDSTRIKE HOLDINGS INC - A COMMON STOCK                              | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               |  | US        |      1492 | NS      | $678218.44    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Limited                                                               | ALIBABA GROUP HOLDING LTD COMMON STOCK                                 | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               |  | HK        |     55286 | NS      | $831212.78    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena, S.M.E., S.A.                                                                          | AENA SME SA COMMON STOCK                                               | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |       600 | NS      | $16156.89     | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SAP SE                                                                                      | SAP SE COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               |  | DE        |      1522 | NS      | $435225.02    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS, INC.                                                                         | CISCO SYSTEMS INC COMMON STOCK                                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               |  | US        |      2423 | NS      | $164957.84    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HOLDINGS, INC.                                                                      | MEDPACE HOLDINGS INC COMMON STOCK                                      | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               |  | US        |        59 | NS      | $25204.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOKING HOLDINGS INC.                                                                       | BOOKING HOLDINGS INC COMMON STOCK                                      | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               |  | US        |        20 | NS      | $110081.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSFORMERS AND RECTIFIERS (INDIA) LIMITED                                                 | TRANSFORMERS & RECTIFIERS IN COMMON STOCK                              | CUSIP: N/A<br>LEI: 335800CLAIFWDACD5H92       | Long             | EC               |  | IN        |      6500 | NS      | $37629.30     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DHANUKA AGRITECH LIMITED                                                                    | DHANUKA AGRITECH LTD COMMON STOCK                                      | CUSIP: N/A<br>LEI: 335800E4DLZIC7MSG125       | Long             | EC               |  | IN        |       600 | NS      | $13026.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hensoldt AG                                                                                 | HENSOLDT AG COMMON STOCK                                               | CUSIP: N/A<br>LEI: 894500686FYLLZD3M624       | Long             | EC               |  | DE        |       611 | NS      | $66967.44     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED                                                       | SUN PHARMACEUTICAL INDUS COMMON STOCK                                  | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               |  | IN        |      1650 | NS      | $32043.07     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| STARBUCKS CORPORATION                                                                       | STARBUCKS CORP COMMON STOCK                                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               |  | US        |       870 | NS      | $77569.20     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORPORATION                                                                  | AMERICAN TOWER CORP REIT                                               | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      1505 | NS      | $313626.95    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                           | HSBC HOLDINGS PLC COMMON STOCK                                         | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               |  | GB        |      6518 | NS      | $79408.91     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN POST INSURANCE Co.,Ltd.                                                               | JAPAN POST INSURANCE CO LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: 54930042SK2Z708BA841       | Long             | EC               |  | JP        |      6600 | NS      | $168990.46    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                                                                 | RELX PLC COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               |  | GB        |      1504 | NS      | $78149.78     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Path Holdings Limited                                                              | CHAMPION PATH HOLDINGS LTD 4.850000% 01/27/2028                        | CUSIP: N/A<br>LEI: 549300QWJFPV5413KI88       | Long             | DBT              | NUSS              | MO        |    200000 | PA      | $194131.96    | 0.16%             | 2028-01-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                                                                     | E.ON SE COMMON STOCK                                                   | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               |  | DE        |      7886 | NS      | $143866.38    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX, INC.                                                                               | EQUINIX INC REIT                                                       | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |       364 | NS      | $285801.88    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORPORATION                                                                         | CENTENE CORP COMMON STOCK                                              | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               |  | US        |      1970 | NS      | $51357.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COATS GROUP PLC                                                                             | COATS GROUP PLC COMMON STOCK                                           | CUSIP: N/A<br>LEI: 2138003SPYWGAITNFY17       | Long             | EC               |  | GB        |     32141 | NS      | $31349.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SKY Perfect JSAT Holdings Inc.                                                              | SKY PERFECT JSAT HOLDINGS COMMON STOCK                                 | CUSIP: N/A<br>LEI: 5299009SAF34W9TVEF26       | Long             | EC               |  | JP        |     11000 | NS      | $104172.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MONGODB, INC.                                                                               | MONGODB INC COMMON STOCK                                               | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               |  | US        |       414 | NS      | $98486.46     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CA Magnum Holdings                                                                          | CA MAGNUM HOLDINGS 5.375000% 10/31/2026                                | CUSIP: V1541CAA1<br>LEI: 549300ZRDHFR078MFZ78 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $198733.70    | 0.16%             | 2026-10-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GS Yuasa Corporation                                                                        | GS YUASA CORP COMMON STOCK                                             | CUSIP: N/A<br>LEI: 353800MW7O6PQQHLDR79       | Long             | EC               |  | JP        |      6400 | NS      | $114856.23    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangxi Liugong Machinery Co., Ltd.                                                         | GUANGXI LIUGONG MACHINERY-A COMMON STOCK                               | CUSIP: N/A<br>LEI: 8368002I2G890E1Y2387       | Long             | EC               |  | CN        |      9800 | NS      | $14569.79     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Info Systems Ltd                                                                        | CMS INFO SYSTEMS LTD COMMON STOCK                                      | CUSIP: N/A<br>LEI: 335800CJKQ8UKRCDKY63       | Long             | EC               |  | IN        |      5400 | NS      | $28174.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MELCO RESORTS FINANCE LIMITED                                                               | MELCO RESORTS FINANCE LTD 5.750000% 07/21/2028                         | CUSIP: G5975LAF3<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | NUSS              | HK        |    270000 | PA      | $264354.54    | 0.22%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JUMBO S.A.                                                                                  | JUMBO SA COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 549300TGIVUUMY40MZ05       | Long             | EC               |  | GR        |      2441 | NS      | $82334.30     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WEIFU HIGH-TECHNOLOGY GROUP CO.,LTD                                                         | WEIFU HIGH-TECHNOLOGY GRP-A COMMON STOCK                               | CUSIP: N/A<br>LEI: 836800MCS4V36YPBDO22       | Long             | EC               |  | CN        |      8100 | NS      | $21676.49     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES, INC.                                                                       | DELTA AIR LINES INC COMMON STOCK                                       | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               |  | US        |      1992 | NS      | $105994.32    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTHUR J. GALLAGHER & CO.                                                                   | ARTHUR J GALLAGHER & CO COMMON STOCK                                   | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               |  | US        |       178 | NS      | $51130.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KONE Oyj                                                                                    | KONE OYJ-B COMMON STOCK                                                | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               |  | FI        |       281 | NS      | $17255.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                                                          | MERCADOLIBRE INC COMMON STOCK                                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               |  | US        |        30 | NS      | $71216.70     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                                                                     | HEIDELBERG MATERIALS AG COMMON STOCK                                   | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               |  | DE        |       207 | NS      | $47753.84     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Minejesa Capital B.V.                                                                       | MINEJESA CAPITAL BV 5.625000% 08/10/2037                               | CUSIP: N57445AB9<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $195645.57    | 0.16%             | 2037-08-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Atlas Copco Aktiebolag                                                                      | ATLAS COPCO AB-A SHS COMMON STOCK                                      | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               |  | SE        |      3484 | NS      | $53055.70     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG                                                                    | DAIMLER TRUCK HOLDING AG COMMON STOCK                                  | CUSIP: N/A<br>LEI: 529900PW78JIYOUBSR24       | Long             | EC               |  | DE        |      1070 | NS      | $52050.51     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum Oyj                                                                                  | FORTUM OYJ COMMON STOCK                                                | CUSIP: N/A<br>LEI: 635400IUIZZIUJSAMF76       | Long             | EC               |  | FI        |      2385 | NS      | $43754.62     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AKAMAI TECHNOLOGIES, INC.                                                                   | AKAMAI TECHNOLOGIES INC COMMON STOCK                                   | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               |  | US        |      4392 | NS      | $335153.52    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Trend Micro Incorporated                                                                    | TREND MICRO INC COMMON STOCK                                           | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               |  | JP        |      3900 | NS      | $237816.01    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Boss Energy Ltd                                                                             | BOSS ENERGY LTD COMMON STOCK                                           | CUSIP: N/A<br>LEI: 9845000ED0A5F908A057       | Long             | EC               |  | AU        |     14990 | NS      | $16502.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PEGASYSTEMS INC.                                                                            | PEGASYSTEMS INC COMMON STOCK                                           | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               |  | US        |      2318 | NS      | $136089.78    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc.                                                                         | COTERRA ENERGY INC COMMON STOCK                                        | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               |  | US        |      1174 | NS      | $28633.86     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX, INC.                                                                                   | BOX INC - CLASS A COMMON STOCK                                         | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               |  | US        |      2740 | NS      | $87954.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILENT TECHNOLOGIES, INC.                                                                  | AGILENT TECHNOLOGIES INC COMMON STOCK                                  | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               |  | US        |       240 | NS      | $27554.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SHAKTI PUMPS (INDIA) LIMITED                                                                | SHAKTI PUMPS (INDIA) LTD COMMON STOCK                                  | CUSIP: N/A<br>LEI: 335800R6YAMINK91XI22       | Long             | EC               |  | IN        |      2300 | NS      | $23255.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jungheinrich AG                                                                             | Jungheinrich AG PREFERRED STOCK                                        | CUSIP: N/A<br>LEI: 529900PHZORTU6FSXE73       | Long             | EP               |  | DE        |       381 | NS      | $14606.83     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bundesrepublik Deutschland                                                                  | EURO-BUND FUTURE  SEP25 FINANCIAL COMMODITY FUTURE.                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        58 | NC      | $8584796.92   | 7.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DODLA DAIRY LIMITED                                                                         | DODLA DAIRY LTD COMMON STOCK                                           | CUSIP: N/A<br>LEI: 335800QYBDBSB7681758       | Long             | EC               |  | IN        |      2270 | NS      | $32844.88     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION                                             | WABTEC CORP COMMON STOCK                                               | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               |  | US        |       872 | NS      | $167467.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GARTNER, INC.                                                                               | GARTNER INC COMMON STOCK                                               | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               |  | US        |       155 | NS      | $52490.75     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujikura Ltd.                                                                               | FUJIKURA LTD COMMON STOCK                                              | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               |  | JP        |       700 | NS      | $47517.70     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WEIR GROUP PLC(THE)                                                                         | WEIR GROUP PLC/THE COMMON STOCK                                        | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               |  | GB        |     12535 | NS      | $440367.53    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan Pacific International Holdings Corporation                                              | PAN PACIFIC INTERNATIONAL HO COMMON STOCK                              | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763       | Long             | EC               |  | JP        |      4600 | NS      | $153898.83    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Macau, Limited                                                                         | WYNN MACAU LTD 144A 4.500000% 03/07/2029                               | CUSIP: 98313RAJ5<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | MO        |    200000 | PA      | $206400.00    | 0.17%             | 2029-03-07      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                            | PHILIP MORRIS INTERNATIONAL COMMON STOCK                               | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               |  | US        |       493 | NS      | $80876.65     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                                                                                    | OKLO INC COMMON STOCK                                                  | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               |  | US        |       853 | NS      | $65331.27     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED                                               | ALIBABA HEALTH INFORMATION T COMMON STOCK                              | CUSIP: N/A<br>LEI: 529900GE9653COPX1I86       | Long             | EC               |  | HK        |    162000 | NS      | $100462.35    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORPORATION PUBLIC LIMITED COMPANY                                                    | EATON CORP PLC COMMON STOCK                                            | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               |  | US        |      1000 | NS      | $384720.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA MINSHENG BANKING CORP., LTD.                                                          | CHINA MINSHENG BANKING-A COMMON STOCK                                  | CUSIP: N/A<br>LEI: 549300HBUGSQD1VCXG94       | Long             | EC               |  | CN        |     30200 | NS      | $20510.06     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Star (BVI) Limited                                                                  | FORTUNE STAR BVI LTD 5.000000% 05/18/2026                              | CUSIP: N/A<br>LEI: 2549008CU8NYQQRSNU62       | Long             | DBT              | NUSS              | CN        |    275000 | PA      | $271993.77    | 0.22%             | 2026-05-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC.                                                                       | FREEPORT-MCMORAN INC COMMON STOCK                                      | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               |  | US        |      2674 | NS      | $107601.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICETITAN, INC.                                                                          | SERVICETITAN INC-A COMMON STOCK                                        | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               |  | US        |       820 | NS      | $95702.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                                              | MORGAN STANLEY COMMON STOCK                                            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               |  | US        |      3129 | NS      | $445757.34    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL BANK CO.,LTD.                                                                    | INDUSTRIAL BANK CO LTD -A COMMON STOCK                                 | CUSIP: N/A<br>LEI: 300300C1030935001303       | Long             | EC               |  | CN        |     12700 | NS      | $39915.41     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OSAKA SODA CO., LTD.                                                                        | OSAKA SODA CO LTD COMMON STOCK                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      9500 | NS      | $115689.69    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KOBE BUSSAN CO., LTD.                                                                       | KOBE BUSSAN CO LTD COMMON STOCK                                        | CUSIP: N/A<br>LEI: 353800CJIFNHN2DXRD59       | Long             | EC               |  | JP        |      3400 | NS      | $90539.72     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Trelleborg AB                                                                               | TRELLEBORG AB-B SHS COMMON STOCK                                       | CUSIP: N/A<br>LEI: 213800XY16PAWG2PAD14       | Long             | EC               |  | SE        |       382 | NS      | $13879.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aktiebolaget SKF                                                                            | SKF AB-B SHARES COMMON STOCK                                           | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               |  | SE        |       908 | NS      | $21149.55     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H & R BLOCK, INC.                                                                           | H&R BLOCK INC COMMON STOCK                                             | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               |  | US        |       496 | NS      | $26952.64     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Studio City Finance Limited                                                                 | STUDIO CITY FINANCE LTD 6.500000% 01/15/2028                           | CUSIP: G85381AF1<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | NUSS              | MO        |    230000 | PA      | $227687.72    | 0.19%             | 2028-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP, INC.                                                                         | EXPEDIA GROUP INC COMMON STOCK                                         | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               |  | US        |      1027 | NS      | $185085.94    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLISON TRANSMISSION HOLDINGS, INC.                                                         | ALLISON TRANSMISSION HOLDING COMMON STOCK                              | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               |  | US        |       320 | NS      | $28822.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN, INC.                                                                              | DOCUSIGN INC COMMON STOCK                                              | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               |  | US        |      2494 | NS      | $188646.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BENTLEY SYSTEMS, INCORPORATED                                                               | BENTLEY SYSTEMS INC-CLASS B COMMON STOCK                               | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               |  | US        |       479 | NS      | $27772.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | FTSE CHINA A50    AUG25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | SG        |       -73 | NC      | $-1005721.00  | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| ASUSTEK COMPUTER INCORPORATION                                                              | ASUSTEK COMPUTER INC COMMON STOCK                                      | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               |  | TW        |      1832 | NS      | $40215.01     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LIMITED                                                                           | HDFC BANK LIMITED COMMON STOCK                                         | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               |  | IN        |     15378 | NS      | $352899.14    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings, Inc.                                                                       | NOMURA HOLDINGS INC 7.000000% MATURITY: PERPETUAL                      | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | NUSS              | JP        |    200000 | PA      | $202510.80    | 0.17%             | 2174-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SentinelOne Inc                                                                             | SENTINELONE INC -CLASS A COMMON STOCK                                  | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               |  | US        |     13117 | NS      | $240565.78    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.                                                                | CADENCE DESIGN SYS INC COMMON STOCK                                    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               |  | US        |       588 | NS      | $214367.16    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik Aktiebolag                                                                          | SANDVIK AB COMMON STOCK                                                | CUSIP: N/A<br>LEI: 5299008ZUAXN43LVZF54       | Long             | EC               |  | SE        |      1718 | NS      | $41918.63     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC                                                                                  | PACCAR INC COMMON STOCK                                                | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               |  | US        |      1071 | NS      | $105771.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                                                                              | AMDOCS LTD COMMON STOCK                                                | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               |  | US        |       309 | NS      | $26376.24     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG INC.                                                                                    | TPG INC COMMON STOCK                                                   | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               |  | US        |       802 | NS      | $45770.14     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                                                            | DEUTSCHE BANK AG-REGISTERED COMMON STOCK                               | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               |  | DE        |      6019 | NS      | $198245.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                                                                | ADVANCED MICRO DEVICES COMMON STOCK                                    | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               |  | US        |      1093 | NS      | $192706.83    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu Limited                                                                             | FUJITSU LIMITED COMMON STOCK                                           | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               |  | JP        |      3000 | NS      | $65351.75     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICENOW, INC.                                                                            | SERVICENOW INC COMMON STOCK                                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               |  | US        |       404 | NS      | $381020.48    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION                                                              | SBA COMMUNICATIONS CORP REIT                                           | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |       822 | NS      | $184719.84    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTANIX, INC.                                                                               | NUTANIX INC - A COMMON STOCK                                           | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               |  | US        |      1669 | NS      | $125458.73    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC.                                                                       | WEC ENERGY GROUP INC COMMON STOCK                                      | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               |  | US        |       504 | NS      | $54976.32     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International N.V.                                                                      | ASM INTERNATIONAL NV COMMON STOCK                                      | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               |  | NL        |       379 | NS      | $183457.96    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORPORATION                                                                          | ORACLE CORP COMMON STOCK                                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               |  | US        |       844 | NS      | $214181.88    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                                                                             | THE CIGNA GROUP COMMON STOCK                                           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               |  | US        |       550 | NS      | $147059.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sieyuan Electric Co., Ltd.                                                                  | SIEYUAN ELECTRIC CO LTD-A COMMON STOCK                                 | CUSIP: N/A<br>LEI: 836800H6UQQUWN4PSZ32       | Long             | EC               |  | CN        |      2200 | NS      | $23821.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Lufthansa Aktiengesellschaft                                                       | DEUTSCHE LUFTHANSA-REG COMMON STOCK                                    | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               |  | DE        |     10873 | NS      | $93234.29     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNATRACE, INC.                                                                             | DYNATRACE INC COMMON STOCK                                             | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               |  | US        |      5825 | NS      | $306453.25    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INCORPORATED                                                                        | HUBBELL INC COMMON STOCK                                               | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               |  | US        |       150 | NS      | $65622.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE.                                                                             | PUBLIC STORAGE REIT                                                    | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |       192 | NS      | $52212.48     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS, INC.                                                                        | UNITED RENTALS INC COMMON STOCK                                        | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               |  | US        |       139 | NS      | $122728.66    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KSB Ltd                                                                                     | KSB LTD COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 335800FDYJZZ3VY9TD41       | Long             | EC               |  | IN        |      2800 | NS      | $26752.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                                                                            | AMAZON.COM INC COMMON STOCK                                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               |  | US        |      6563 | NS      | $1536463.93   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH, INC.                                                                       | CARDINAL HEALTH INC COMMON STOCK                                       | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               |  | US        |       618 | NS      | $95925.96     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Cake PLC                                                                             | YELLOW CAKE PLC COMMON STOCK                                           | CUSIP: N/A<br>LEI: 213800CVMYUGOA9EZY95       | Long             | EC               |  | GB        |      6148 | NS      | $39642.67     | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| RATIONAL Aktiengesellschaft                                                                 | RATIONAL AG COMMON STOCK                                               | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               |  | DE        |        27 | NS      | $20842.61     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | S&P500 EMINI FUT  SEP25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-9561375.00  | -7.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                                                                       | BANCO SANTANDER SA COMMON STOCK                                        | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               |  | ES        |      5475 | NS      | $47034.61     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                                                                  | CRH PLC COMMON STOCK                                                   | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               |  | US        |      1167 | NS      | $111390.15    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| F5, INC.                                                                                    | F5 INC COMMON STOCK                                                    | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               |  | US        |        93 | NS      | $29148.06     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKYU CORPORATION                                                                           | TOKYU CORP COMMON STOCK                                                | CUSIP: N/A<br>LEI: 3538005PGNIBTZYXAE45       | Long             | EC               |  | JP        |      8400 | NS      | $94556.45     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK, INC.                                                                                | AMETEK INC COMMON STOCK                                                | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               |  | US        |       543 | NS      | $100373.55    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SoftBank Group Corp.                                                                        | SOFTBANK GROUP CORP 6.875000% MATURITY: PERPETUAL                      | CUSIP: N/A<br>LEI: 5493003BZYYYCDIO0R13       | Long             | DBT              | NUSS              | JP        |    200000 | PA      | $197773.07    | 0.16%             | 2174-01-19      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASSA ABLOY AB                                                                               | ASSA ABLOY AB-B COMMON STOCK                                           | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               |  | SE        |       829 | NS      | $27431.82     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yifeng Pharmacy Chain Co., Ltd.                                                             | YIFENG PHARMACY CHAIN CO L-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 300300CZZIF44N1EZO06       | Long             | EC               |  | CN        |      2700 | NS      | $8879.85      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED                                             | IND & COMM BK OF CHINA-A COMMON STOCK                                  | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               |  | CN        |     26200 | NS      | $27526.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES, INC.                                                                       | GILEAD SCIENCES INC COMMON STOCK                                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               |  | US        |      1001 | NS      | $112402.29    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORPORATION                                                                         | COMCAST CORP-CLASS A COMMON STOCK                                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               |  | US        |      5346 | NS      | $177647.58    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPLIN POINT LABORATORIES LIMITED                                                           | CAPLIN POINT LABORATORIES COMMON STOCK                                 | CUSIP: N/A<br>LEI: 33580043U3LXMROY5J69       | Long             | EC               |  | IN        |      1700 | NS      | $39807.56     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLOGIC, INC.                                                                               | HOLOGIC INC COMMON STOCK                                               | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               |  | US        |       422 | NS      | $28198.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMARA RAJA ENERGY & MOBILITY LIMITED                                                        | AMARA RAJA ENERGY & MOBILITY COMMON STOCK                              | CUSIP: N/A<br>LEI: 335800PV7RRC72PLCG19       | Long             | EC               |  | IN        |      7381 | NS      | $80839.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Woori Financial Group Inc.                                                                  | WOORI FINANCIAL GROUP INC COMMON STOCK                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |      7948 | NS      | $141022.83    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | MSCI EAFE         SEP25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -16 | NC      | $-2090720.00  | -1.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Freshworks Inc                                                                              | FRESHWORKS INC-CL A COMMON STOCK                                       | CUSIP: 358054104<br>LEI: 254900ULRGCUEIK0K191 | Long             | EC               |  | US        |      6325 | NS      | $82161.75     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RUBRIK, INC.                                                                                | RUBRIK INC-A COMMON STOCK                                              | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               |  | US        |      1083 | NS      | $102830.85    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| W.W. GRAINGER, INC.                                                                         | WW GRAINGER INC COMMON STOCK                                           | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               |  | US        |       149 | NS      | $154891.46    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APARTMENT COMMUNITIES, INC.                                                     | MID-AMERICA APARTMENT COMM REIT                                        | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |       182 | NS      | $25922.26     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                                                              | TEXAS INSTRUMENTS INC COMMON STOCK                                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               |  | US        |       451 | NS      | $81658.06     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                                                            | VEDANTA RESOURCES FINANCE II PLC 10.875000% 09/17/2029                 | CUSIP: G9T27HAG9<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | NUSS              | IN        |    200000 | PA      | $204372.50    | 0.17%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED                                                             | CARLISLE COS INC COMMON STOCK                                          | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               |  | US        |       133 | NS      | $47176.43     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MANHATTAN ASSOCIATES, INC.                                                                  | MANHATTAN ASSOCIATES INC COMMON STOCK                                  | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               |  | US        |       604 | NS      | $132674.64    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORPORATION                                                                | ON SEMICONDUCTOR COMMON STOCK                                          | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               |  | US        |      2781 | NS      | $156737.16    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GUOTAI HAITONG SECURITIES CO., LTD.                                                         | GUOTAI HAITONG SECURITIES-H COMMON STOCK                               | CUSIP: N/A<br>LEI: 300300E1005431000017       | Long             | EC               |  | HK        |      5000 | NS      | $10793.65     | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SAFRAN SA                                                                                   | SAFRAN SA COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               |  | FR        |       678 | NS      | $223571.63    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BILIBILI INC.                                                                               | BILIBILI INC-CLASS Z COMMON STOCK                                      | CUSIP: N/A<br>LEI: 5493008V60M52L3PIS45       | Long             | EC               |  | HK        |      8720 | NS      | $199505.53    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                                                                          | ROYALTY PHARMA PLC- CL A COMMON STOCK                                  | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               |  | US        |      4633 | NS      | $170494.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics N.V.                                                                     | STMICROELECTRONICS NV COMMON STOCK                                     | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               |  | FR        |      1913 | NS      | $48616.96     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLINS, INC.                                                                               | ROLLINS INC COMMON STOCK                                               | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               |  | US        |       499 | NS      | $28577.73     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhongji Innolight Co Ltd                                                                    | ZHONGJI INNOLIGHT CO LTD-A COMMON STOCK                                | CUSIP: N/A<br>LEI: 655600K7YZDKAI214O83       | Long             | EC               |  | CN        |      1400 | NS      | $41984.30     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| URANIUM ENERGY CORP.                                                                        | URANIUM ENERGY CORP COMMON STOCK                                       | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               |  | US        |      6735 | NS      | $58392.45     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY FUELS INCORPORATED                                                                   | ENERGY FUELS INC COMMON STOCK                                          | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               |  | CA        |      7912 | NS      | $71776.73     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY, INC.                                                                            | NRG ENERGY INC COMMON STOCK                                            | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               |  | US        |       726 | NS      | $121387.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG Immobilien AG                                                                           | TAG IMMOBILIEN AG COMMON STOCK                                         | CUSIP: N/A<br>LEI: 529900TAE68USJNXLR59       | Long             | EC               |  | DE        |      2464 | NS      | $39616.37     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                                                          | ALTRIA GROUP INC COMMON STOCK                                          | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               |  | US        |       930 | NS      | $57604.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORPORATION                                                                | MONSTER BEVERAGE CORP COMMON STOCK                                     | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               |  | US        |       925 | NS      | $54343.75     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Saudi Arabia ETF                                                               | ISHRS MSCI SAUDI ARABIA ETF MUTUAL FUND                                | CUSIP: 46434V423<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2005 | NS      | $75307.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY, INC.                                                                               | WORKDAY INC-CLASS A COMMON STOCK                                       | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               |  | US        |       573 | NS      | $131434.74    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN, INC.                                                                         | BROWN & BROWN INC COMMON STOCK                                         | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               |  | US        |       537 | NS      | $49065.69     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kweichow Moutai Co., Ltd.                                                                   | KWEICHOW MOUTAI CO LTD-A COMMON STOCK                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |       100 | NS      | $19728.96     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGSOFT CORPORATION LIMITED                                                                | KINGSOFT CORP LTD COMMON STOCK                                         | CUSIP: N/A<br>LEI: 529900UVT35D3Q7YQY41       | Long             | EC               |  | HK        |     35000 | NS      | $159153.96    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                                                                   | ZURICH INSURANCE GROUP AG COMMON STOCK                                 | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               |  | CH        |        53 | NS      | $36151.65     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                                                                | FERROVIAL SE COMMON STOCK                                              | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               |  | ES        |       387 | NS      | $19838.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MELROSE INDUSTRIES PLC                                                                      | MELROSE INDUSTRIES PLC COMMON STOCK                                    | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               |  | GB        |      3677 | NS      | $24825.86     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | TOPIX INDX FUTR   SEP25 PHYSICAL INDEX FUTURE.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |       -34 | NC      | $-6648938.99  | -5.47%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCE BANCSHARES, INC.                                                                   | COMMERCE BANCSHARES INC COMMON STOCK                                   | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               |  | US        |       428 | NS      | $26193.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Aktiengesellschaft                                                                  | SIEMENS AG-REG COMMON STOCK                                            | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               |  | DE        |       746 | NS      | $190008.84    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| COREWEAVE, INC.                                                                             | COREWEAVE INC-CL A COMMON STOCK                                        | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               |  | US        |       466 | NS      | $53184.58     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Geberit AG                                                                                  | GEBERIT AG-REG COMMON STOCK                                            | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               |  | CH        |        56 | NS      | $42901.53     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                                                                    | ALCON INC COMMON STOCK                                                 | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               |  | US        |      2228 | NS      | $195061.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORPORATION                                                                      | MCDONALD'S CORP COMMON STOCK                                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               |  | US        |       464 | NS      | $139232.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NETAPP, INC.                                                                                | NETAPP INC COMMON STOCK                                                | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               |  | US        |      1039 | NS      | $108191.07    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai                                                    | GREE ELECTRIC APPLIANCES I-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               |  | CN        |      4400 | NS      | $27877.23     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION BANK OF INDIA LIMITED                                                                 | UNION BANK OF INDIA COMMON STOCK                                       | CUSIP: Y90885115<br>LEI: 5493000P4HD6132SQ711 | Long             | EC               |  | IN        |     68500 | NS      | $101730.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                                                                   | O'REILLY AUTOMOTIVE INC COMMON STOCK                                   | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               |  | US        |       584 | NS      | $57418.88     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FACTSET RESEARCH SYSTEMS INC.                                                               | FACTSET RESEARCH SYSTEMS INC COMMON STOCK                              | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               |  | US        |        67 | NS      | $26994.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MARTIN MARIETTA MATERIALS, INC.                                                             | MARTIN MARIETTA MATERIALS COMMON STOCK                                 | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               |  | US        |       168 | NS      | $96579.84     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                                                                    | MASTERCARD INC - A COMMON STOCK                                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               |  | US        |       446 | NS      | $252645.62    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA VANKE CO., LTD.                                                                       | CHINA VANKE CO LTD -A COMMON STOCK                                     | CUSIP: N/A<br>LEI: 529900E66UJ2DWY7KW55       | Long             | EC               |  | CN        |      9500 | NS      | $8489.65      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TWILIO INC.                                                                                 | TWILIO INC - A COMMON STOCK                                            | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               |  | US        |       965 | NS      | $124485.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE Aktiengesellschaft                                                                      | RWE AG COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               |  | DE        |      3285 | NS      | $134767.99    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHUI CONCH CEMENT COMPANY LIMITED                                                          | ANHUI CONCH CEMENT CO LTD-A COMMON STOCK                               | CUSIP: N/A<br>LEI: 300300JVKW56SSAEQZ33       | Long             | EC               |  | CN        |      5800 | NS      | $18972.64     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                                       | BANCO BILBAO VIZCAYA ARGENTA COMMON STOCK                              | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               |  | ES        |      2117 | NS      | $35307.92     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC.                                                                                   | AT&T INC COMMON STOCK                                                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               |  | US        |      2021 | NS      | $55395.61     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UIPATH, INC.                                                                                | UIPATH INC - CLASS A COMMON STOCK                                      | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               |  | US        |      7169 | NS      | $84235.75     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dai-ichi Life Holdings, Inc.                                                                | DAI-ICHI LIFE HOLDINGS INC COMMON STOCK                                | CUSIP: N/A<br>LEI: 549300ZUFXI7JXZVTZ25       | Long             | EC               |  | JP        |     51900 | NS      | $410642.27    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                                                                                     | GSK PLC COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               |  | GB        |     13304 | NS      | $244714.70    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL ALUMINIUM CO LTD                                                                   | NATIONAL ALUMINIUM CO LTD COMMON STOCK                                 | CUSIP: N/A<br>LEI: 335800OM1V78CX7SSC72       | Long             | EC               |  | IN        |     45400 | NS      | $95231.15     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS, INC.                                                                      | VERISK ANALYTICS INC COMMON STOCK                                      | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               |  | US        |       185 | NS      | $51561.35     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TJX COMPANIES, INC.                                                                     | TJX COMPANIES INC COMMON STOCK                                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               |  | US        |       663 | NS      | $82563.39     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Heavy Industries, Ltd.                                                           | MITSUBISHI HEAVY INDUSTRIES COMMON STOCK                               | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               |  | JP        |      1700 | NS      | $40589.87     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RUMO S.A.                                                                                   | RUMO SA COMMON STOCK                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | BR        |     11463 | NS      | $33961.87     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL INSURANCE CORPORATION OF INDIA                                                      | GENERAL INS CORP OF INDIA COMMON STOCK                                 | CUSIP: N/A<br>LEI: 5493001L5RU4INMMUJ95       | Long             | EC               |  | IN        |      7000 | NS      | $31140.96     | 0.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| OLD DOMINION FREIGHT LINE, INC.                                                             | OLD DOMINION FREIGHT LINE COMMON STOCK                                 | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               |  | US        |       573 | NS      | $85520.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SAWAI GROUP HOLDINGS Co., Ltd.                                                              | SAWAI GROUP HOLDINGS CO LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      4600 | NS      | $59047.81     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Co.,Ltd.                                                                               | OBIC CO LTD COMMON STOCK                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      2600 | NS      | $92566.72     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, INC.                                                                                  | NIKE INC -CL B COMMON STOCK                                            | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               |  | US        |      1107 | NS      | $82681.83     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TYLER TECHNOLOGIES, INC.                                                                    | TYLER TECHNOLOGIES INC COMMON STOCK                                    | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               |  | US        |        50 | NS      | $29228.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga Milk Industry Co., Ltd.                                                            | MORINAGA MILK INDUSTRY CO COMMON STOCK                                 | CUSIP: N/A<br>LEI: 529900FB91P7MVO08949       | Long             | EC               |  | JP        |      4500 | NS      | $97862.20     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Netease Cloud Music Inc                                                                     | NETEASE CLOUD MUSIC INC COMMON STOCK                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | HK        |      1750 | NS      | $56701.28     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS, INC.                                                                        | META PLATFORMS INC COMMON STOCK                                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               |  | US        |      2133 | NS      | $1649747.52   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                                                    | TREASURY BILL 0.000000% 08/12/2025                                     | CUSIP: 912797QJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2428000 | PA      | $2424828.43   | 1.99%             | 2025-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAIDU, INC.                                                                                 | BAIDU INC-CLASS A COMMON STOCK                                         | CUSIP: G07034104<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               |  | HK        |     27700 | NS      | $303075.05    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SAILUN GROUP CO., LTD.                                                                      | SAILUN GROUP CO LTD-A COMMON STOCK                                     | CUSIP: N/A<br>LEI: 300300GF13IPLVWINQ61       | Long             | EC               |  | CN        |      5300 | NS      | $9475.35      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC.                                                                              | CME GROUP INC COMMON STOCK                                             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               |  | US        |       670 | NS      | $186447.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC.                                                                             | S&P GLOBAL INC COMMON STOCK                                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               |  | US        |       161 | NS      | $88727.10     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INCORPORATION                                                       | HONEYWELL INTERNATIONAL INC COMMON STOCK                               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               |  | US        |      2130 | NS      | $473605.50    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGAN Precision Co Ltd                                                                     | LARGAN PRECISION CO LTD COMMON STOCK                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | TW        |      1083 | NS      | $84943.10     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. HORTON, INC.                                                                           | DR HORTON INC COMMON STOCK                                             | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               |  | US        |       731 | NS      | $104416.04    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES, INC.                                                                         | EOG RESOURCES INC COMMON STOCK                                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               |  | US        |       469 | NS      | $56289.38     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ARISTA NETWORKS, INC.                                                                       | ARISTA NETWORKS INC COMMON STOCK                                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               |  | US        |      1467 | NS      | $180763.74    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Iveco Group N.V.                                                                            | IVECO GROUP NV COMMON STOCK                                            | CUSIP: N/A<br>LEI: 549300ZWF2ZJDD9EOR96       | Long             | EC               |  | IT        |      1221 | NS      | $25237.91     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYENCE CORPORATION                                                                         | KEYENCE CORP COMMON STOCK                                              | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               |  | JP        |      1068 | NS      | $386329.20    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC.                                                              | HILTON WORLDWIDE HOLDINGS IN COMMON STOCK                              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               |  | US        |       202 | NS      | $54152.16     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                                                                     | BASF SE COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               |  | DE        |       510 | NS      | $24994.82     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangxi LiuYao Group Co., Ltd                                                               | GUANGXI LIUYAO GROUP CO LT-A COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |      4000 | NS      | $10022.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| L'OREAL SA                                                                                  | L'OREAL COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               |  | FR        |       532 | NS      | $235401.41    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| OTP Bank Nyrt.                                                                              | OTP BANK PLC COMMON STOCK                                              | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               |  | HU        |      1575 | NS      | $127804.86    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY INC.                                                                     | BERKSHIRE HATHAWAY INC-CL B COMMON STOCK                               | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               |  | US        |       578 | NS      | $272746.64    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GODADDY INC.                                                                                | GODADDY INC - CLASS A COMMON STOCK                                     | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               |  | US        |       748 | NS      | $120861.84    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Oji Holdings Corporation                                                                    | OJI HOLDINGS CORP COMMON STOCK                                         | CUSIP: N/A<br>LEI: 529900LVC9GIIYUGE243       | Long             | EC               |  | JP        |     14300 | NS      | $69696.21     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE INDIAN HOTELS COMPANY LIMITED                                                           | INDIAN HOTELS CO LTD COMMON STOCK                                      | CUSIP: N/A<br>LEI: 33580076CH5SBY5HWA22       | Long             | EC               |  | IN        |     13625 | NS      | $114600.86    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia, SGPS, S.A.                                                                    | GALP ENERGIA SGPS SA COMMON STOCK                                      | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               |  | PT        |      4308 | NS      | $82262.38     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WISETECH GLOBAL LIMITED                                                                     | WISETECH GLOBAL LTD COMMON STOCK                                       | CUSIP: N/A<br>LEI: 254900VE3AF301Q85K83       | Long             | EC               |  | AU        |      1346 | NS      | $101946.05    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KEPCO Engineering & Construction Company, Inc                                               | KEPCO ENGINEERING & CONSTRUC COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | KR        |       603 | NS      | $39827.99     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| APPIAN CORPORATION                                                                          | APPIAN CORP-A COMMON STOCK                                             | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               |  | US        |      2989 | NS      | $82526.29     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERZBANK Aktiengesellschaft.                                                             | COMMERZBANK AG COMMON STOCK                                            | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               |  | DE        |      5161 | NS      | $188200.46    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzhou Gold Mantis Construction Decoration Co., Ltd.                                        | SUZHOU GOLD MANTIS CONSTR -A COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |     18000 | NS      | $9039.41      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RELIANCE INDUSTRIES LIMITED                                                                 | RELIANCE INDUSTRIES LTD COMMON STOCK                                   | CUSIP: Y72596102<br>LEI: 5493003UOETFYRONLG31 | Long             | EC               |  | IN        |      5479 | NS      | $86527.09     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                                                               | SAMSUNG ELECTRONICS CO LTD COMMON STOCK                                | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               |  | KR        |      4321 | NS      | $220215.33    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CONFLUENT, INC.                                                                             | CONFLUENT INC-CLASS A COMMON STOCK                                     | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               |  | US        |      3684 | NS      | $65298.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Limited                                                                        | LENOVO GROUP LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               |  | HK        |     81304 | NS      | $104252.06    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Central Asia Tbk                                                                    | BANK CENTRAL ASIA TBK PT COMMON STOCK                                  | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               |  | ID        |    157649 | NS      | $79012.99     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KUAISHOU TECHNOLOGY                                                                         | KUAISHOU TECHNOLOGY COMMON STOCK                                       | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               |  | HK        |     35100 | NS      | $342718.40    | 0.28%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SYNOPSYS, INC.                                                                              | SYNOPSYS INC COMMON STOCK                                              | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               |  | US        |       723 | NS      | $457998.81    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                             | INTERCONTINENTAL EXCHANGE IN COMMON STOCK                              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               |  | US        |       307 | NS      | $56742.81     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Fudosan Co., Ltd.                                                                    | MITSUI FUDOSAN CO LTD COMMON STOCK                                     | CUSIP: N/A<br>LEI: 353800ND4ZKNZDYKMF33       | Long             | EC               |  | JP        |     18100 | NS      | $161783.24    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KANEMATSU CORPORATION                                                                       | KANEMATSU CORP COMMON STOCK                                            | CUSIP: N/A<br>LEI: 353800N574WR0FX80I71       | Long             | EC               |  | JP        |      3000 | NS      | $56364.47     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance (Group) Company of China, Ltd.                                            | PING AN INSURANCE GROUP CO-H COMMON STOCK                              | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               |  | HK        |     10667 | NS      | $73232.84     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN ELECTRIC HOLDINGS, INC.                                                             | LINCOLN ELECTRIC HOLDINGS COMMON STOCK                                 | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               |  | US        |       125 | NS      | $30437.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                                                                    | FABRINET COMMON STOCK                                                  | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               |  | US        |       188 | NS      | $60861.24     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GEELY AUTOMOBILE HOLDINGS LIMITED                                                           | GEELY AUTOMOBILE HOLDINGS LT COMMON STOCK                              | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               |  | HK        |     34343 | NS      | $77031.97     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADRIDGE FINANCIAL SOLUTIONS, INC.                                                        | BROADRIDGE FINANCIAL SOLUTIO COMMON STOCK                              | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               |  | US        |       282 | NS      | $69797.82     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of East Asia, Limited                                                              | BANK OF EAST ASIA LTD/THE MTN 5.825000% MATURITY: PERPETUAL            | CUSIP: N/A<br>LEI: CO6GC26LCGGRTUESIP55       | Long             | DBT              | NUSS              | HK        |    250000 | PA      | $249750.00    | 0.21%             | 2174-04-21      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Islamic Republic of Pakistan                                                                | PAKISTAN GOVERNMENT INTERNATIONAL BOND MTN 6.000000% 04/08/2026        | CUSIP: N/A<br>LEI: 529900LOP29R5WKHOD86       | Long             | DBT              | NUSS              | PK        |    200000 | PA      | $199000.00    | 0.16%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elastic N.V.                                                                                | ELASTIC NV COMMON STOCK                                                | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               |  | US        |       661 | NS      | $55325.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GROUP, INC.                                                                           | MATCH GROUP INC COMMON STOCK                                           | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               |  | US        |       821 | NS      | $28135.67     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| India Cleantech Energy                                                                      | INDIA CLEANTECH ENERGY 4.700000% 08/10/2026                            | CUSIP: V4606AAA1<br>LEI: 254900DGTS4HHR3Q6F66 | Long             | DBT              | NUSS              | IN        |    197500 | PA      | $194300.15    | 0.16%             | 2026-08-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                                 | VERIZON COMMUNICATIONS INC COMMON STOCK                                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               |  | US        |      1292 | NS      | $55245.92     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Resona Holdings, Inc.                                                                       | RESONA HOLDINGS INC COMMON STOCK                                       | CUSIP: N/A<br>LEI: 52990067JE75XZCYYT81       | Long             | EC               |  | JP        |     26600 | NS      | $242166.56    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORPORATION                                                                          | INCYTE CORP COMMON STOCK                                               | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               |  | US        |      1204 | NS      | $90167.56     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuscale Power Corp                                                                          | NUSCALE POWER CORP COMMON STOCK                                        | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               |  | US        |      1224 | NS      | $61457.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                                                               | BROADCOM INC COMMON STOCK                                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               |  | US        |      2793 | NS      | $820304.10    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ADOBE INC.                                                                                  | ADOBE INC COMMON STOCK                                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               |  | US        |       676 | NS      | $241798.44    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GitLab Inc                                                                                  | GITLAB INC-CL A COMMON STOCK                                           | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               |  | US        |      2072 | NS      | $90774.32     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Huaqin Technology Co Ltd                                                                    | HUAQIN TECHNOLOGY CO LTD-A COMMON STOCK                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |      1200 | NS      | $13693.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMAMI LIMITED                                                                               | EMAMI LTD COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 335800CCQHJCDEUS7G90       | Long             | EC               |  | IN        |     13100 | NS      | $89473.02     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                                                             | ASTRAZENECA PLC COMMON STOCK                                           | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               |  | GB        |      1648 | NS      | $240430.39    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WAAREE ENERGIES LIMITED                                                                     | WAAREE ENERGIES LTD COMMON STOCK                                       | CUSIP: N/A<br>LEI: 335800TCF9YCJG3VRZ10       | Long             | EC               |  | IN        |      1500 | NS      | $50904.81     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland                                        | LONG GILT FUTURE  SEP25 FINANCIAL COMMODITY FUTURE.                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        61 | NC      | $7424405.71   | 6.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES INC.                                                                        | GLOBALFOUNDRIES INC COMMON STOCK                                       | CUSIP: G39387108<br>LEI: 549300BA76VK784VMX48 | Long             | EC               |  | US        |      1461 | NS      | $54626.79     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PUBLIC LIMITED COMPANY                                          | SEAGATE TECHNOLOGY HOLDINGS COMMON STOCK                               | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               |  | US        |       688 | NS      | $108022.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC                                                             | LONDON STOCK EXCHANGE GROUP COMMON STOCK                               | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               |  | GB        |       177 | NS      | $21575.52     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                                                                   | AIRBUS SE COMMON STOCK                                                 | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               |  | FR        |      1091 | NS      | $219351.32    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITUAN                                                                                     | MEITUAN-CLASS B COMMON STOCK                                           | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               |  | HK        |     28534 | NS      | $440209.67    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEJIANG SANHUA INTELLIGENT CONTROLS CO.,LTD.                                               | ZHEJIANG SANHUA INTELLIGEN-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 8368003UTQ4F88XERZ23       | Long             | EC               |  | CN        |      4200 | NS      | $15389.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GEA Group Aktiengesellschaft                                                                | GEA GROUP AG COMMON STOCK                                              | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               |  | DE        |       285 | NS      | $20471.65     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRUS ENERGY CORP.                                                                        | CENTRUS ENERGY CORP-CLASS A COMMON STOCK                               | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               |  | US        |       262 | NS      | $56434.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP, INC.                                                                  | SIMON PROPERTY GROUP INC REIT                                          | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |       336 | NS      | $55033.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYOTA MOTOR CORPORATION                                                                    | TOYOTA MOTOR CORP COMMON STOCK                                         | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               |  | JP        |     15800 | NS      | $281044.22    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                                                                    | ROPER TECHNOLOGIES INC COMMON STOCK                                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               |  | US        |       784 | NS      | $431513.60    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                                       | SCHNEIDER ELECTRIC SE COMMON STOCK                                     | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               |  | FR        |       684 | NS      | $177014.82    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INCORPORATED                                                       | THERMO FISHER SCIENTIFIC INC COMMON STOCK                              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               |  | US        |       440 | NS      | $205779.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXANS SA                                                                                   | NEXANS SA COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 96950015FU78G84UIV14       | Long             | EC               |  | FR        |       324 | NS      | $46565.44     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                                             | UNITEDHEALTH GROUP INC COMMON STOCK                                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               |  | US        |       580 | NS      | $144744.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                                                                  | BHARAT ELECTRONICS LTD COMMON STOCK                                    | CUSIP: Y0881Q141<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               |  | IN        |     12300 | NS      | $53434.87     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | BROWN BROTHERS HARRIMAN SWEEP INTEREST                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   4834197 | PA      | $4834196.73   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO., INC.                                                                           | MERCK & CO. INC. COMMON STOCK                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               |  | US        |      3729 | NS      | $291309.48    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Aktiebolaget Volvo                                                                          | VOLVO AB-B SHS COMMON STOCK                                            | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               |  | SE        |      1336 | NS      | $38369.66     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS, INC.                                                                              | PROLOGIS INC REIT                                                      | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |      3736 | NS      | $398930.08    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FASTENAL COMPANY                                                                            | FASTENAL CO COMMON STOCK                                               | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               |  | US        |      2414 | NS      | $111357.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SAIC Motor Corporation Limited                                                              | SAIC MOTOR CORP LTD-A COMMON STOCK                                     | CUSIP: N/A<br>LEI: 30030001QBC7EXJJGT71       | Long             | EC               |  | CN        |      4200 | NS      | $10004.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NCIG HOLDINGS PTY LTD                                                                       | NCIG HOLDINGS PTY LTD 12.500000% 08/26/2031                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | AU        |    100000 | PA      | $108877.70    | 0.09%             | 2031-08-26      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| GOLDMAN, SACHS & CO.                                                                        | FX Forward Contract: JPY/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | JP        |         1 | NC      | $-85806.74    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                                                           | CROWN CASTLE INC REIT                                                  | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |      2271 | NS      | $238659.39    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC.                                                                              | SNOWFLAKE INC COMMON STOCK                                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               |  | US        |       763 | NS      | $170530.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                                                              | ING GROEP NV COMMON STOCK                                              | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               |  | NL        |      1131 | NS      | $26358.47     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON HOLDING CORPORATION                                                     | BOOZ ALLEN HAMILTON HOLDINGS COMMON STOCK                              | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               |  | US        |       545 | NS      | $58494.85     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                                                            | DHL GROUP COMMON STOCK                                                 | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               |  | DE        |      2864 | NS      | $128323.74    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                                                       | WELLS FARGO & CO COMMON STOCK                                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               |  | US        |      6305 | NS      | $508372.15    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB Precious Metals Fund                                                             | INVESCO DB PRECIOUS METALS F MUTUAL FUND                               | CUSIP: 46140H502<br>LEI: N/A                  | Long             | EC               | RF                | US        |     50275 | NS      | $3768111.25   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO, INC                                                                    | FX Forward Contract: PLN/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | PA        |         1 | NC      | $-14098.44    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                | UBS GROUP AG-REG COMMON STOCK                                          | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               |  | CH        |      1209 | NS      | $44931.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                                                       | MICROSOFT CORP COMMON STOCK                                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               |  | US        |      6737 | NS      | $3594189.50   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI GAS CHEMICAL COMPANY,INC.                                                        | MITSUBISHI GAS CHEMICAL CO COMMON STOCK                                | CUSIP: N/A<br>LEI: 529900G5O4J27ZPLJJ89       | Long             | EC               |  | JP        |      6900 | NS      | $119198.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE MANAGEMENT, INC.                                                                      | WASTE MANAGEMENT INC COMMON STOCK                                      | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               |  | US        |       770 | NS      | $176453.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWORKS SOLUTIONS, INC.                                                                    | SKYWORKS SOLUTIONS INC COMMON STOCK                                    | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               |  | US        |       381 | NS      | $26113.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                                                                      | AXA SA COMMON STOCK                                                    | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               |  | FR        |       643 | NS      | $31230.02     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DOOSAN ENERBILITY CO., LTD.                                                                 | DOOSAN ENERBILITY CO LTD COMMON STOCK                                  | CUSIP: N/A<br>LEI: 988400TK5NA3GLSTN506       | Long             | EC               |  | KR        |       959 | NS      | $44927.86     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBSPOT, INC.                                                                               | HUBSPOT INC COMMON STOCK                                               | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               |  | US        |       270 | NS      | $140305.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPERIAN PLC                                                                                | EXPERIAN PLC COMMON STOCK                                              | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               |  | GB        |       740 | NS      | $38991.31     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shizuoka Financial Group, Inc.                                                              | SHIZUOKA FINANCIAL GROUP INC COMMON STOCK                              | CUSIP: N/A<br>LEI: 353800MNO5C8V2SHGA81       | Long             | EC               |  | JP        |     11900 | NS      | $140755.50    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Hengrui Pharmaceuticals Co.,Ltd                                                     | JIANGSU HENGRUI PHARMACEUT-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 2549003BT1XS3SE3E448       | Long             | EC               |  | CN        |      2800 | NS      | $24472.85     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AKBANK TURK ANONIM SIRKETI                                                                  | AKBANK T.A.S. COMMON STOCK                                             | CUSIP: N/A<br>LEI: 789000TUMN63Z28TJ497       | Long             | EC               |  | TR        |     14017 | NS      | $23239.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COMPANIES, INC.                                                                      | LOWE'S COS INC COMMON STOCK                                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               |  | US        |      1116 | NS      | $249504.12    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO, INC                                                                    | FX Forward Contract: MXN/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | MX        |         1 | NC      | $12389.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                                                 | LOCKHEED MARTIN CORP COMMON STOCK                                      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               |  | US        |       131 | NS      | $55148.38     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse Aktiengesellschaft                                                          | DEUTSCHE BOERSE AG COMMON STOCK                                        | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               |  | DE        |        68 | NS      | $19678.35     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi, Ltd.                                                                               | HITACHI LTD COMMON STOCK                                               | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               |  | JP        |     23093 | NS      | $706660.88    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                                                                  | SCOUT24 SE COMMON STOCK                                                | CUSIP: N/A<br>LEI: 5493007EIKM2ENQS7U66       | Long             | EC               |  | DE        |       574 | NS      | $76710.40     | 0.06%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ABB Ltd                                                                                     | ABB LTD-REG COMMON STOCK                                               | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               |  | CH        |      4639 | NS      | $302917.96    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                                                                     | DSV A/S COMMON STOCK                                                   | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               |  | DK        |       165 | NS      | $36974.03     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HARTFORD INSURANCE GROUP, INC.                                                          | HARTFORD INSURANCE GROUP INC/THE COMMON STOCK                          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               |  | US        |       226 | NS      | $28112.14     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                                                    | ROLLS-ROYCE HOLDINGS PLC COMMON STOCK                                  | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               |  | GB        |     17249 | NS      | $244815.66    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC.                                                                                 | ABBVIE INC COMMON STOCK                                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               |  | US        |      1036 | NS      | $195824.72    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM, INC.                                                                                | JD.COM INC-CLASS A COMMON STOCK                                        | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               |  | HK        |     13200 | NS      | $208057.66    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ORCHID PHARMA LIMITED                                                                       | ORCHID PHARMA LTD COMMON STOCK                                         | CUSIP: N/A<br>LEI: 33580076KIKCYSLZVF05       | Long             | EC               |  | IN        |       550 | NS      | $4601.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH, INC.                                                                              | DOORDASH INC - A COMMON STOCK                                          | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               |  | US        |       348 | NS      | $87087.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                                                                                 | INTUIT INC COMMON STOCK                                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               |  | US        |       444 | NS      | $348597.72    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOM COMMUNICATIONS, INC.                                                                   | ZOOM COMMUNICATIONS INC COMMON STOCK                                   | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               |  | US        |      3142 | NS      | $232665.10    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                                                                      | INGREDION INC COMMON STOCK                                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               |  | US        |       207 | NS      | $27228.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CLOROX COMPANY                                                                          | CLOROX COMPANY COMMON STOCK                                            | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               |  | US        |       215 | NS      | $26995.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.                                                             | AUTOMATIC DATA PROCESSING COMMON STOCK                                 | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               |  | US        |       714 | NS      | $220983.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| POLYCAB INDIA LIMITED                                                                       | POLYCAB INDIA LTD COMMON STOCK                                         | CUSIP: N/A<br>LEI: 335800ZAL1L11ERZVW68       | Long             | EC               |  | IN        |      1100 | NS      | $85249.07     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM S.A.                                                                                    | TIM SA COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               |  | BR        |     41406 | NS      | $152549.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RENK Group AG                                                                               | RENK GROUP AG COMMON STOCK                                             | CUSIP: N/A<br>LEI: 894500H8CNSZ53EI6K63       | Long             | EC               |  | DE        |       384 | NS      | $29808.99     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORPORATION                                                                    | STATE STREET CORP COMMON STOCK                                         | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               |  | US        |      2782 | NS      | $310888.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION ENERGY CORPORATION.                                                           | CONSTELLATION ENERGY COMMON STOCK                                      | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               |  | US        |       144 | NS      | $50088.96     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC.                                                                              | CITIGROUP INC COMMON STOCK                                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               |  | US        |      3645 | NS      | $341536.50    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                                                    | TREASURY BILL 0.000000% 08/28/2025                                     | CUSIP: 912797PQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2440000 | PA      | $2432153.86   | 2.00%             | 2025-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                                    | US ULTRA BOND CBT SEP25 FINANCIAL COMMODITY FUTURE.                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        23 | NC      | $2698187.50   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EBAY INC.                                                                                   | EBAY INC COMMON STOCK                                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               |  | US        |       683 | NS      | $62665.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NWD (MTN) LIMITED                                                                           | NWD MTN LTD 8.625000% 02/08/2028                                       | CUSIP: N/A<br>LEI: 254900STSWBVJ5FV9O74       | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $132415.78    | 0.11%             | 2028-02-08      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC.                                                                         | INGERSOLL-RAND INC COMMON STOCK                                        | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               |  | US        |      1136 | NS      | $96139.68     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAND CANYON EDUCATION, INC.                                                                | GRAND CANYON EDUCATION INC COMMON STOCK                                | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               |  | US        |       163 | NS      | $27486.69     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUITY INC.                                                                                 | ACUITY INC COMMON STOCK                                                | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               |  | US        |        95 | NS      | $29578.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                                                    | VULCAN MATERIALS CO COMMON STOCK                                       | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               |  | US        |       355 | NS      | $97507.85     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bundesrepublik Deutschland                                                                  | EURO-BOBL FUTURE  SEP25 FINANCIAL COMMODITY FUTURE.                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        15 | NC      | $2007429.22   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| KERRY GROUP PUBLIC LIMITED COMPANY                                                          | KERRY GROUP PLC-A COMMON STOCK                                         | CUSIP: N/A<br>LEI: 635400TLVVBNXLFHWC59       | Long             | EC               |  | IE        |      2309 | NS      | $213282.66    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANTEST CORPORATION                                                                       | ADVANTEST CORP COMMON STOCK                                            | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               |  | JP        |      2700 | NS      | $179547.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE, INC.                                                                          | PURE STORAGE INC - CLASS A COMMON STOCK                                | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               |  | US        |      2238 | NS      | $133205.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| T&D Holdings, Inc.                                                                          | T&D HOLDINGS INC COMMON STOCK                                          | CUSIP: N/A<br>LEI: 3538008ARJ1MACEWA242       | Long             | EC               |  | JP        |      7200 | NS      | $175814.91    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LIMITED                                                                      | TRIP.COM GROUP LTD COMMON STOCK                                        | CUSIP: N/A<br>LEI: 2549004RMYDSRQL4KW41       | Long             | EC               |  | HK        |      6197 | NS      | $384725.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS, INC.                                                             | REGENERON PHARMACEUTICALS COMMON STOCK                                 | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               |  | US        |        50 | NS      | $27273.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRAX GROUP PLC                                                                            | SPIRAX GROUP PLC COMMON STOCK                                          | CUSIP: N/A<br>LEI: 213800WFVZQMHOZP2W17       | Long             | EC               |  | GB        |      1157 | NS      | $96689.30     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LONGi Green Energy Technology Co., Ltd.                                                     | LONGI GREEN ENERGY TECHNOL-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 300300NRGAITUP1EZ248       | Long             | EC               |  | CN        |      6700 | NS      | $14650.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| East Buy Holding Ltd                                                                        | EAST BUY HOLDING COMMON STOCK                                          | CUSIP: N/A<br>LEI: 3003007X0QPXFVRDX034       | Long             | EC               |  | HK        |     18500 | NS      | $51736.38     | 0.04%             |  |  |  | Yes           |                  1 | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION                                                 | INTL BUSINESS MACHINES CORP COMMON STOCK                               | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               |  | US        |       595 | NS      | $150624.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA CORPORATION                                                                             | KLA CORP COMMON STOCK                                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               |  | US        |       180 | NS      | $158225.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES, INC.                                                            | MARSH & MCLENNAN COS COMMON STOCK                                      | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               |  | US        |       394 | NS      | $78484.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                                                        | MITSUBISHI UFJ FINANCIAL GRO COMMON STOCK                              | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               |  | JP        |     42500 | NS      | $585767.67    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMCOR PLC                                                                                   | AMCOR PLC COMMON STOCK                                                 | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               |  | US        |      8607 | NS      | $80475.45     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                                                                           | YUM! BRANDS INC COMMON STOCK                                           | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               |  | US        |       374 | NS      | $53912.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC.                                                                                  | APPLE INC COMMON STOCK                                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               |  | US        |     11893 | NS      | $2468630.01   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Capital City of Ulaanbaatar                                                             | CITY OF ULAANBAATAAR MON 7.750000% 08/21/2027                          | CUSIP: N/A<br>LEI: 254900TXATXIE67DB092       | Long             | DBT              | NUSS              | MN        |    200000 | PA      | $203000.00    | 0.17%             | 2027-08-21      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS, INC.                                                                 | HOST HOTELS & RESORTS INC REIT                                         | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |      1689 | NS      | $26551.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                                                                      | UCB SA COMMON STOCK                                                    | CUSIP: N/A<br>LEI: 2138008J191VLSGY5A09       | Long             | EC               |  | BE        |       662 | NS      | $142234.17    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PROGRESSIVE CORPORATION                                                                 | PROGRESSIVE CORP COMMON STOCK                                          | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               |  | US        |       225 | NS      | $54459.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Renewable Power (Mauritius) Pte. Ltd                                                  | CLEAN RENEWABLE POWER MAURITIUS PTE LTD 4.250000% 03/25/2027           | CUSIP: V2352NAB1<br>LEI: 2138003P9CSDW7P4MT75 | Long             | DBT              | NUSS              | IN        |    161000 | PA      | $156655.01    | 0.13%             | 2027-03-25      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lonza Group AG                                                                              | LONZA GROUP AG-REG COMMON STOCK                                        | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               |  | CH        |       150 | NS      | $104545.35    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                                                                | COMPAGNIE DE SAINT GOBAIN COMMON STOCK                                 | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               |  | FR        |      1920 | NS      | $220257.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OMNICOM GROUP INC.                                                                          | OMNICOM GROUP COMMON STOCK                                             | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               |  | US        |      1476 | NS      | $106345.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gland Pharma Ltd                                                                            | GLAND PHARMA LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: 335800JJVDY5R6KF5K34       | Long             | EC               |  | IN        |      2450 | NS      | $57438.88     | 0.05%             |  |  |  | Yes           |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC.                                                              | APOLLO GLOBAL MANAGEMENT INC COMMON STOCK                              | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               |  | US        |      1241 | NS      | $180342.12    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ROHTO PHARMACEUTICAL CO.,LTD.                                                               | ROHTO PHARMACEUTICAL CO LTD COMMON STOCK                               | CUSIP: N/A<br>LEI: 353800Q1CW5OS81OUM12       | Long             | EC               |  | JP        |      3600 | NS      | $51386.74     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LEG Immobilien SE                                                                           | LEG IMMOBILIEN SE COMMON STOCK                                         | CUSIP: N/A<br>LEI: 391200SO40AKONBO0Z96       | Long             | EC               |  | DE        |      1322 | NS      | $104931.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTRAND LIMITED                                                                           | FIRSTRAND LTD COMMON STOCK                                             | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               |  | ZA        |     17079 | NS      | $72527.03     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ROSS STORES, INC.                                                                           | ROSS STORES INC COMMON STOCK                                           | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               |  | US        |       411 | NS      | $56117.94     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC.                                                                            | GEN DIGITAL INC COMMON STOCK                                           | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               |  | US        |     10541 | NS      | $310854.09    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VINCI SA                                                                                    | VINCI SA COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               |  | FR        |      1006 | NS      | $139742.43    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE SYSTEMS PLC                                                                             | BAE SYSTEMS PLC COMMON STOCK                                           | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               |  | GB        |      8179 | NS      | $195156.93    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                                                                                  | VONOVIA SE COMMON STOCK                                                | CUSIP: N/A<br>LEI: 5299005A2ZEP6AP7KM81       | Long             | EC               |  | DE        |      4087 | NS      | $126842.54    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORPORATION                                                                 | WESTERN DIGITAL CORP COMMON STOCK                                      | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               |  | US        |      1455 | NS      | $114493.95    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                         | BBH MORGAN STANLEY COLLATERAL                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    500000 | PA      | $500000.00    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| SAIZERIYA CO.,LTD.                                                                          | SAIZERIYA CO LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      1600 | NS      | $56131.23     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO, INC                                                                    | FX Forward Contract: CAD/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | CA        |         1 | NC      | $-38043.25    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                                       | SUMITOMO MITSUI FINANCIAL GR COMMON STOCK                              | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               |  | JP        |     19100 | NS      | $481828.28    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| YONEX CO., LTD.                                                                             | YONEX CO LTD COMMON STOCK                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |      1300 | NS      | $25526.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries N.V.                                                            | BE SEMICONDUCTOR INDUSTRIES COMMON STOCK                               | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               |  | NL        |       390 | NS      | $52693.66     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S                                                                     | VESTAS WIND SYSTEMS A/S COMMON STOCK                                   | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               |  | DK        |      2032 | NS      | $37100.44     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                                                                 | SAMSARA INC-CL A COMMON STOCK                                          | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               |  | US        |      1564 | NS      | $59478.92     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd                                                          | CREDO TECHNOLOGY GROUP HOLDI COMMON STOCK                              | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               |  | US        |       572 | NS      | $63806.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer N.V.                                                                         | WOLTERS KLUWER COMMON STOCK                                            | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               |  | NL        |       193 | NS      | $30061.51     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ETSY, INC.                                                                                  | ETSY INC COMMON STOCK                                                  | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               |  | US        |       442 | NS      | $25755.34     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                                                                           | COMPASS GROUP PLC COMMON STOCK                                         | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               |  | GB        |      3014 | NS      | $105910.78    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CARLYLE GROUP INC.                                                                      | CARLYLE GROUP INC/THE COMMON STOCK                                     | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               |  | US        |       767 | NS      | $46526.22     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                                                           | ASML HOLDING NV COMMON STOCK                                           | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               |  | NL        |       432 | NS      | $299408.02    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HUADONG MEDICINE CO., LTD                                                                   | HUADONG MEDICINE CO LTD-A COMMON STOCK                                 | CUSIP: N/A<br>LEI: 300300WEZ30P69YUQZ42       | Long             | EC               |  | CN        |      5100 | NS      | $31430.41     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEAN HARBORS, INC.                                                                         | CLEAN HARBORS INC COMMON STOCK                                         | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               |  | US        |       122 | NS      | $28768.82     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS-SONOMA, INC.                                                                       | WILLIAMS-SONOMA INC COMMON STOCK                                       | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               |  | US        |       156 | NS      | $29179.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA EVERBRIGHT BANK COMPANY LIMITED                                                       | CHINA EVERBRIGHT BANK CO L-H COMMON STOCK                              | CUSIP: N/A<br>LEI: 549300U6PKQ4H1P34E17       | Long             | EC               |  | HK        |     69000 | NS      | $32424.12     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDITORS INTERNATIONAL OF WASHINGTON, INC                                                 | EXPEDITORS INTL WASH INC COMMON STOCK                                  | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               |  | US        |       242 | NS      | $28130.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chaman Lal Setia Exports Ltd                                                                | CHAMAN LAL SETIA EXPORTS COMMON STOCK                                  | CUSIP: N/A<br>LEI: 335800ZWXR394CWHLI50       | Long             | EC               |  | IN        |      2800 | NS      | $10176.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD.                                                      | CHECK POINT SOFTWARE TECH COMMON STOCK                                 | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               |  | US        |      1428 | NS      | $265893.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKER-HANNIFIN CORPORATION                                                                 | PARKER HANNIFIN CORP COMMON STOCK                                      | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               |  | US        |       180 | NS      | $131742.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES, INC.                                                                     | REPUBLIC SERVICES INC COMMON STOCK                                     | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               |  | US        |       229 | NS      | $52818.85     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASICS Corporation                                                                           | ASICS CORP COMMON STOCK                                                | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               |  | JP        |       900 | NS      | $21158.37     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC.                                                                            | CATERPILLAR INC COMMON STOCK                                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               |  | US        |       453 | NS      | $198423.06    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD.                                                                      | CYBERARK SOFTWARE LTD/ISRAEL COMMON STOCK                              | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               |  | US        |       781 | NS      | $321358.07    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK, INC.                                                                             | BLACKROCK INC COMMON STOCK                                             | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               |  | US        |       101 | NS      | $111707.01    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP China Holdings Limited                                                                  | GLP CHINA HOLDINGS LTD MTN 2.950000% 03/29/2026                        | CUSIP: N/A<br>LEI: 254900C6X2D3TGF2CO98       | Long             | DBT              | NUSS              | CN        |    200000 | PA      | $192580.94    | 0.16%             | 2026-03-29      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CORPORATION CAMECO                                                                          | CAMECO CORP COMMON STOCK                                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               |  | CA        |       598 | NS      | $44897.47     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corporation                                                                          | WIWYNN CORP COMMON STOCK                                               | CUSIP: N/A<br>LEI: 254900FV2R15PMKXFL69       | Long             | EC               |  | TW        |      2000 | NS      | $182533.19    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCOM SOFTWARE, INC.                                                                       | PAYCOM SOFTWARE INC COMMON STOCK                                       | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               |  | US        |       119 | NS      | $27553.26     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakuten Bank, Ltd.                                                                          | RAKUTEN BANK LTD COMMON STOCK                                          | CUSIP: N/A<br>LEI: 3538007HFAF2NOCBUE44       | Long             | EC               |  | JP        |      3600 | NS      | $167694.39    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ZYDUS LIFESCIENCES LIMITED                                                                  | ZYDUS LIFESCIENCES LTD COMMON STOCK                                    | CUSIP: Y1R73U123<br>LEI: 335800R9O14ORBXLPN13 | Long             | EC               |  | IN        |      4000 | NS      | $44050.91     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN CORPORATION                                                                | NORFOLK SOUTHERN CORP COMMON STOCK                                     | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               |  | US        |       426 | NS      | $118428.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                                                                     | EXXON MOBIL CORP COMMON STOCK                                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               |  | US        |      2294 | NS      | $256102.16    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                                                                                   | APTIV PLC COMMON STOCK                                                 | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               |  | US        |      1191 | NS      | $81750.24     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DROPBOX, INC.                                                                               | DROPBOX INC-CLASS A COMMON STOCK                                       | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               |  | US        |       999 | NS      | $27142.83     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Arm Holdings PLC                                                                            | ARM HOLDINGS PLC-ADR DEPOSITARY RECEIPT                                | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               |  | US        |       594 | NS      | $83976.75     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC.                                                                          | VEEVA SYSTEMS INC-CLASS A COMMON STOCK                                 | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               |  | US        |       391 | NS      | $111122.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Meiko Electronics Co., Ltd.                                                                 | MEIKO ELECTRONICS CO LTD COMMON STOCK                                  | CUSIP: N/A<br>LEI: 529900LGRXWX2ACMWR86       | Long             | EC               |  | JP        |      2100 | NS      | $102907.47    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SE                                                         | LVMH MOET HENNESSY LOUIS VUI COMMON STOCK                              | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               |  | FR        |       287 | NS      | $154065.16    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                                                                           | JOHNSON & JOHNSON COMMON STOCK                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               |  | US        |      1326 | NS      | $218445.24    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ZhongAn Online P & C Insurance Co., Ltd.                                                    | ZHONGAN ONLINE P&C INSURAN-H COMMON STOCK                              | CUSIP: N/A<br>LEI: 5299006845ISFI2WAI41       | Long             | EC               |  | HK        |     28400 | NS      | $72678.93     | 0.06%             |  |  |  | Yes           |                  1 | On Loan: No      |
| flatexDEGIRO AG                                                                             | FLATEXDEGIRO AG COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900IRBZTADXJB6757       | Long             | EC               |  | DE        |      1444 | NS      | $43642.45     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLASSIAN CORPORATION                                                                       | ATLASSIAN CORP-CL A COMMON STOCK                                       | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               |  | US        |       867 | NS      | $166273.26    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC.                                                                                 | DAVITA INC COMMON STOCK                                                | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               |  | US        |       193 | NS      | $27091.41     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CINTAS CORPORATION                                                                          | CINTAS CORP COMMON STOCK                                               | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               |  | US        |       251 | NS      | $55860.05     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                                       | SUMITOMO MITSUI FINANCIAL GROUP INC 5.796000% 07/08/2046               | CUSIP: 86562MEB2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | NUSS              | JP        |    110000 | PA      | $109242.02    | 0.09%             | 2046-07-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                                                | TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK                              | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               |  | TW        |     19680 | NS      | $757665.98    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORPORATION                                                                         | CHEVRON CORP COMMON STOCK                                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               |  | US        |       737 | NS      | $111758.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                                 | BANK OF AMERICA CORP COMMON STOCK                                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               |  | US        |     14729 | NS      | $696239.83    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INCORPORATED                                                           | MICROCHIP TECHNOLOGY INC COMMON STOCK                                  | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               |  | US        |       857 | NS      | $57924.63     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPGEMINI SE                                                                                | CAPGEMINI SE COMMON STOCK                                              | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               |  | FR        |       120 | NS      | $17865.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corporation                                                                      | BROOKFIELD CORP COMMON STOCK                                           | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               |  | US        |      3510 | NS      | $235345.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHTEAD GROUP PUBLIC LIMITED COMPANY                                                        | ASHTEAD GROUP PLC COMMON STOCK                                         | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235       | Long             | EC               |  | GB        |       365 | NS      | $24386.24     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                                               | ALPHABET INC-CL A COMMON STOCK                                         | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               |  | US        |      9260 | NS      | $1776994.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL, INC.                                                                   | WESCO INTERNATIONAL INC COMMON STOCK                                   | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               |  | US        |       327 | NS      | $67675.92     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX LABORATORIES, INC.                                                                    | IDEXX LABORATORIES INC COMMON STOCK                                    | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               |  | US        |       369 | NS      | $197160.39    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY, INC.                                                                      | ALIGN TECHNOLOGY INC COMMON STOCK                                      | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               |  | US        |       289 | NS      | $37283.89     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARAMARK                                                                                     | ARAMARK COMMON STOCK                                                   | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               |  | US        |      3618 | NS      | $153982.08    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT CO., INC.                                                                   | CHURCH & DWIGHT CO INC COMMON STOCK                                    | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               |  | US        |       283 | NS      | $26536.91     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                                                           | NATWEST GROUP PLC COMMON STOCK                                         | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               |  | GB        |      2790 | NS      | $19367.09     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNWODA ELECTRONIC CO., LTD                                                                 | SUNWODA ELECTRONIC CO LTD-A COMMON STOCK                               | CUSIP: N/A<br>LEI: 836800CQGW5QDXND0Q43       | Long             | EC               |  | CN        |      4800 | NS      | $14315.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORPORATION                                                                | COSTCO WHOLESALE CORP COMMON STOCK                                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               |  | US        |       263 | NS      | $247125.32    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUGAI PHARMACEUTICAL CO., LTD.                                                             | CHUGAI PHARMACEUTICAL CO LTD COMMON STOCK                              | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               |  | JP        |      6181 | NS      | $296298.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN BROTHERS HARRIMAN & CO.                                                               | FX Forward Contract: USD/HKD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | N/A              | DFE              |  | US        |         1 | NC      | $1252.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| RENEW WIND ENERGY (AP 2) PRIVATE LIMITED                                                    | RENEW WIND ENERGY AP2 / RENEW POWER PVT LTD OTHER 4.500000% 07/14/2028 | CUSIP: Y7280PAA1<br>LEI: 335800HUUTPY6YMI3284 | Long             | DBT              | NUSS              | IN        |    300000 | PA      | $284088.26    | 0.23%             | 2028-07-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES, INC.                                                                       | QUANTA SERVICES INC COMMON STOCK                                       | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               |  | US        |       578 | NS      | $234743.14    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| XERO LIMITED                                                                                | XERO LTD COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               |  | AU        |       843 | NS      | $97080.22     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Engineering Ltd                                                                         | AIA ENGINEERING LTD COMMON STOCK                                       | CUSIP: N/A<br>LEI: 3358009DFG4JFX1O8H85       | Long             | EC               |  | IN        |      1016 | NS      | $36291.22     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JMDC Inc.                                                                                   | JMDC INC COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 3538002M2SQV6WJ6MQ67       | Long             | EC               |  | JP        |      2700 | NS      | $69767.26     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Honasa Consumer Ltd                                                                         | HONASA CONSUMER LTD COMMON STOCK                                       | CUSIP: Y3R4AH101<br>LEI: 2549004POI9PD5S9GC46 | Long             | EC               |  | IN        |      6582 | NS      | $20381.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DENISON MINES CORP.                                                                         | DENISON MINES CORP COMMON STOCK                                        | CUSIP: 248356107<br>LEI: 529900JWGSW17LJK6586 | Long             | EC               |  | CA        |     24312 | NS      | $50006.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL INFORMATION SERVICES, INC.                                                | FIDELITY NATIONAL INFO SERVICES COMMON STOCK                           | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               |  | US        |      2492 | NS      | $197889.72    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nano Nuclear Energy Inc                                                                     | NANO NUCLEAR ENERGY INC COMMON STOCK                                   | CUSIP: 63010H108<br>LEI: N/A                  | Long             | EC               |  | US        |      1360 | NS      | $48184.80     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                                                            | ROCHE HOLDING AG-GENUSSCHEIN COMMON STOCK                              | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               |  | CH        |       756 | NS      | $235927.21    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| XIAOMI CORPORATION                                                                          | XIAOMI CORP-CLASS B COMMON STOCK                                       | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               |  | HK        |     18587 | NS      | $125052.44    | 0.10%             |  |  |  | Yes           |                  1 | On Loan: No      |
| APPLIED MATERIALS, INC.                                                                     | APPLIED MATERIALS INC COMMON STOCK                                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               |  | US        |      1042 | NS      | $187622.52    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint Inc                                                                               | SAILPOINT INC COMMON STOCK                                             | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               |  | US        |     12522 | NS      | $279741.48    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BAJAJ FINANCE LIMITED                                                                       | BAJAJ FINANCE LTD COMMON STOCK                                         | CUSIP: N/A<br>LEI: 335800YTEXC3DO4Z6F68       | Long             | EC               |  | IN        |      6900 | NS      | $69050.85     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                                                                         | DEUTSCHE TELEKOM AG-REG COMMON STOCK                                   | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               |  | DE        |      3357 | NS      | $120401.99    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST, INC.                                                                             | PINTEREST INC- CLASS A COMMON STOCK                                    | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               |  | US        |      2163 | NS      | $83491.80     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO. INC.                                                                              | KKR & CO INC COMMON STOCK                                              | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               |  | US        |      1901 | NS      | $278648.58    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                                                                   | NVR INC COMMON STOCK                                                   | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               |  | US        |        10 | NS      | $75494.90     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bukit Makmur Mandiri Utama                                                               | BUKIT MAKMUR MANDIRI UTAMA PT 7.750000% 02/10/2026                     | CUSIP: Y71300AB6<br>LEI: 254900Z05E8W7X31K395 | Long             | DBT              | NUSS              | ID        |    200000 | PA      | $199502.09    | 0.16%             | 2026-02-10      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HD HYUNDAI ELECTRIC CO., LTD.                                                               | HD HYUNDAI ELECTRIC CO COMMON STOCK                                    | CUSIP: N/A<br>LEI: 988400CSDKM9UHLHGB91       | Long             | EC               |  | KR        |       165 | NS      | $58717.25     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PENUMBRA, INC.                                                                              | PENUMBRA INC COMMON STOCK                                              | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               |  | US        |       119 | NS      | $30020.13     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS Group GmbH & Co. KGaA                                                                   | DWS GROUP GMBH & CO KGAA COMMON STOCK                                  | CUSIP: N/A<br>LEI: 529900VM3464806ERS69       | Long             | EC               |  | DE        |       273 | NS      | $16348.36     | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Luxshare Precision Industry Co., Ltd.                                                       | LUXSHARE PRECISION INDUSTR-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 300300QLLDUELXN16530       | Long             | EC               |  | CN        |      5300 | NS      | $26820.56     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Investor Aktiebolag                                                                         | INVESTOR AB-B SHS COMMON STOCK                                         | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               |  | SE        |       639 | NS      | $18517.91     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXGEN ENERGY LTD.                                                                          | NEXGEN ENERGY LTD COMMON STOCK                                         | CUSIP: 65340P106<br>LEI: 529900N0IXNXB3IP7F06 | Long             | EC               |  | CA        |      6448 | NS      | $43278.29     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC INC.                                                                                    | PTC INC COMMON STOCK                                                   | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               |  | US        |       274 | NS      | $58857.94     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bundesrepublik Deutschland                                                                  | EURO-BUXL 30Y BND SEP25 FINANCIAL COMMODITY FUTURE.                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        14 | NC      | $1875358.05   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX TECHNOLOGIES, INC.                                                                      | BWX TECHNOLOGIES INC COMMON STOCK                                      | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               |  | US        |       315 | NS      | $47857.95     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO, INC                                                                    | FX Forward Contract: KRW/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | KR        |         1 | NC      | $-60031.72    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| GRANULES INDIA LIMITED                                                                      | GRANULES INDIA LTD COMMON STOCK                                        | CUSIP: N/A<br>LEI: 335800HJF1KE335ASX37       | Long             | EC               |  | IN        |      1800 | NS      | $9701.24      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carl Zeiss Meditec AG                                                                       | CARL ZEISS MEDITEC AG - BR COMMON STOCK                                | CUSIP: N/A<br>LEI: 529900GRL4MZ8NMOOK95       | Long             | EC               |  | DE        |       555 | NS      | $30603.78     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NWD FINANCE (BVI) LIMITED                                                                   | NWD FINANCE BVI LTD 5.250000% MATURITY: PERPETUAL                      | CUSIP: N/A<br>LEI: 25490076V8K09HMNCT88       | Long             | DBT              | NUSS              | HK        |    200000 | PA      | $54999.11     | 0.05%             | 2173-12-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                                         | INTESA SANPAOLO COMMON STOCK                                           | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               |  | IT        |      5495 | NS      | $33108.86     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN, SACHS & CO.                                                                        | FX Forward Contract: EUR/USD SETTLE 2025-09-17                         | CUSIP: N/A<br>LEI: KD3XUN7C6T14HNAYLU02       | N/A              | DFE              |  | XX        |         1 | NC      | $-3748.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NTT DATA GROUP CORPORATION                                                                  | NTT DATA GROUP CORP COMMON STOCK                                       | CUSIP: N/A<br>LEI: 353800SZGJGSLJRRWB43       | Long             | EC               |  | JP        |      2300 | NS      | $59979.34     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.                                                                     | SPOTIFY TECHNOLOGY SA COMMON STOCK                                     | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               |  | US        |        80 | NS      | $50123.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TESLA, INC.                                                                                 | TESLA INC COMMON STOCK                                                 | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               |  | US        |      1672 | NS      | $515427.44    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall Aktiengesellschaft                                                              | RHEINMETALL AG COMMON STOCK                                            | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               |  | DE        |       182 | NS      | $360268.95    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GHCL LIMITED                                                                                | GHCL LTD COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 335800L2UYNOUH82F930       | Long             | EC               |  | IN        |      2000 | NS      | $13558.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET, INC.                                                                              | FORTINET INC COMMON STOCK                                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               |  | US        |      5846 | NS      | $584015.40    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TAPESTRY, INC.                                                                              | TAPESTRY INC COMMON STOCK                                              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               |  | US        |       785 | NS      | $84803.55     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE, INC.                                                                     | MOLINA HEALTHCARE INC COMMON STOCK                                     | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               |  | US        |       303 | NS      | $47834.61     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan                                                                                       | JAPAN (30 YEAR ISSUE) 2.400000% 03/20/2055                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        | 177550000 | PA      | $1030964.56   | 0.85%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| RTX CORPORATION                                                                             | RTX CORPORATION COMMON STOCK                                           | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               |  | US        |      1260 | NS      | $198538.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES, INC.                                                                 | KEYSIGHT TECHNOLOGIES IN COMMON STOCK                                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               |  | US        |       732 | NS      | $119982.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| 3I GROUP PLC                                                                                | 3I GROUP PLC COMMON STOCK                                              | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               |  | GB        |       351 | NS      | $19179.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF INDIA LIMITED                                                                       | BANK OF INDIA COMMON STOCK                                             | CUSIP: Y06949112<br>LEI: 21380058KMSRJIL8C294 | Long             | EC               |  | IN        |     76700 | NS      | $97027.40     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERGLOBE AVIATION LIMITED                                                                 | INTERGLOBE AVIATION LTD COMMON STOCK                                   | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19       | Long             | EC               |  | IN        |       200 | NS      | $13421.68     | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CTS Eventim AG & Co. KGaA                                                                   | CTS EVENTIM AG & CO KGAA COMMON STOCK                                  | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               |  | DE        |       378 | NS      | $42685.47     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORPORATION                                                                   | UNION PACIFIC CORP COMMON STOCK                                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               |  | US        |      2134 | NS      | $473683.98    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HIKMA PHARMACEUTICALS PUBLIC LIMITED COMPANY                                                | HIKMA PHARMACEUTICALS PLC COMMON STOCK                                 | CUSIP: N/A<br>LEI: 549300BNS685UXH4JI75       | Long             | EC               |  | GB        |      3652 | NS      | $94394.61     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEC Corporation                                                                             | NEC CORP COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               |  | JP        |      9500 | NS      | $272800.95    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co., Ltd.                                                   | CONTEMPORARY AMPEREX TECHN-A COMMON STOCK                              | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               |  | CN        |      1100 | NS      | $40272.98     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                        | JPMORGAN CHASE & CO COMMON STOCK                                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               |  | US        |      4055 | NS      | $1201253.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Piraeus Financial Holdings S.A.                                                             | Piraeus Financial Holdings S.A COMMON STOCK                            | CUSIP: N/A<br>LEI: M6AD1Y1KW32H8THQ6F76       | Long             | EC               |  | GR        |     17113 | NS      | $131589.45    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakuten Group, Inc.                                                                         | RAKUTEN GROUP INC 5.125000% MATURITY: PERPETUAL                        | CUSIP: J6S87BAA6<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | NUSS              | JP        |    350000 | PA      | $344393.08    | 0.28%             | 2173-10-22      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                                                              | UNITED AIRLINES HOLDINGS INC COMMON STOCK                              | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               |  | US        |       919 | NS      | $81156.89     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| monday.com Ltd                                                                              | MONDAY.COM LTD COMMON STOCK                                            | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               |  | US        |       303 | NS      | $79473.87     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Han's Laser Technology Industry Group Co., Ltd.                                             | HAN'S LASER TECHNOLOGY IN-A COMMON STOCK                               | CUSIP: N/A<br>LEI: 300300MZXZR87BGKOZ23       | Long             | EC               |  | CN        |      5100 | NS      | $19081.47     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRRUS LOGIC, INC.                                                                          | CIRRUS LOGIC INC COMMON STOCK                                          | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               |  | US        |       265 | NS      | $26688.15     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                                                 | NOVARTIS AG-REG COMMON STOCK                                           | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               |  | CH        |      2197 | NS      | $250209.91    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ajinomoto Co., Inc.                                                                         | AJINOMOTO CO INC COMMON STOCK                                          | CUSIP: N/A<br>LEI: 353800UT0TLROREPIC92       | Long             | EC               |  | JP        |      7100 | NS      | $187840.73    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER COMPANY                                                                        | WEYERHAEUSER CO REIT                                                   | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |      1065 | NS      | $26678.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                                                                             | NORDEA BANK ABP COMMON STOCK                                           | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               |  | FI        |      1154 | NS      | $16838.93     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE HOME DEPOT, INC.                                                                        | HOME DEPOT INC COMMON STOCK                                            | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               |  | US        |       603 | NS      | $221608.53    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co., Ltd.                                                                | SHIN-ETSU CHEMICAL CO LTD COMMON STOCK                                 | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               |  | JP        |      5300 | NS      | $152517.67    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Energy Exchange Ltd                                                                  | INDIAN ENERGY EXCHANGE LTD COMMON STOCK                                | CUSIP: N/A<br>LEI: 335800JRG8ZOKN1KAE97       | Long             | EC               |  | IN        |      8000 | NS      | $12287.69     | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PALADIN ENERGY LTD                                                                          | PALADIN ENERGY LTD COMMON STOCK                                        | CUSIP: N/A<br>LEI: 549300M44UTJAP8J6B37       | Long             | EC               |  | AU        |      8437 | NS      | $33042.23     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC INTELLIGENT SOLUTIONS HOLDINGS INC.                                                     | CCC INTELLIGENT SOLUTIONS HO COMMON STOCK                              | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               |  | US        |     15288 | NS      | $147834.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJIFILM Holdings Corporation                                                               | FUJIFILM HOLDINGS CORP COMMON STOCK                                    | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               |  | JP        |      6200 | NS      | $128601.83    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL INC.                                                                       | BLUE OWL CAPITAL INC COMMON STOCK                                      | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               |  | US        |      3300 | NS      | $63855.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| YTO Express Group Co.,Ltd.                                                                  | YTO EXPRESS GROUP CO LTD-A COMMON STOCK                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |     12200 | NS      | $24945.59     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC.                                                                                | WALMART INC COMMON STOCK                                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               |  | US        |      2791 | NS      | $273462.18    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Takasago Thermal Engineering Co., Ltd.                                                      | TAKASAGO THERMAL ENGINEERING COMMON STOCK                              | CUSIP: N/A<br>LEI: 353800VL9UEB0RUJLC67       | Long             | EC               |  | JP        |      3700 | NS      | $179526.09    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC.                                                                                 | HUMANA INC COMMON STOCK                                                | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               |  | US        |       359 | NS      | $89703.33     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HANWHA LIFE INSURANCE CO., LTD.                                                             | HANWHA LIFE INSURANCE CO LTD 144A 6.300000% 06/24/2055                 | CUSIP: 41135UAC9<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $205890.24    | 0.17%             | 2055-06-24      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| LAM RESEARCH CORPORATION                                                                    | LAM RESEARCH CORP COMMON STOCK                                         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               |  | US        |      1671 | NS      | $158477.64    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                                                                | LINDE PLC COMMON STOCK                                                 | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               |  | US        |       691 | NS      | $318039.66    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC.                                                                                 | ZOETIS INC COMMON STOCK                                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               |  | US        |       370 | NS      | $53942.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TOYO SUISAN KAISHA, LTD.                                                                    | TOYO SUISAN KAISHA LTD COMMON STOCK                                    | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               |  | JP        |      1700 | NS      | $108610.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART, INC.                                                                                | COPART INC COMMON STOCK                                                | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               |  | US        |      1192 | NS      | $54033.36     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Democratic Socialist Republic of Sri Lanka                                                  | SRI LANKA GOVERNMENT INTERNATIONAL BOND 144A 3.600000% 02/15/2038      | CUSIP: N/A<br>LEI: 254900IG6Y30I2QE2R92       | Long             | DBT              | NUSS              | LK        |    200000 | PA      | $167400.00    | 0.14%             | 2038-02-15      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| DATADOG, INC.                                                                               | DATADOG INC - CLASS A COMMON STOCK                                     | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               |  | US        |      3386 | NS      | $473972.28    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| The Travelers Companies, Inc.                                                               | TRAVELERS COS INC/THE COMMON STOCK                                     | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               |  | US        |       208 | NS      | $54129.92     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GRACO INC                                                                                   | GRACO INC COMMON STOCK                                                 | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               |  | US        |       317 | NS      | $26621.66     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPAN POST BANK Co.,Ltd.                                                                    | JAPAN POST BANK CO LTD COMMON STOCK                                    | CUSIP: N/A<br>LEI: 5493006JVO6N2HC2XZ76       | Long             | EC               |  | JP        |     23600 | NS      | $263406.59    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                                                                   | COLGATE-PALMOLIVE CO COMMON STOCK                                      | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               |  | US        |       628 | NS      | $52657.80     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTODESK, INC.                                                                              | AUTODESK INC COMMON STOCK                                              | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               |  | US        |       405 | NS      | $122759.55    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wellhope Foods Co., Ltd.                                                                    | WELLHOPE FOODS CO LTD -A COMMON STOCK                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | CN        |     10100 | NS      | $11972.93     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                                                         | CHINA CONSTRUCTION BANK-H COMMON STOCK                                 | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               |  | HK        |    180099 | NS      | $184205.90    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS, INC.                                                                    | PALO ALTO NETWORKS INC COMMON STOCK                                    | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               |  | US        |      3672 | NS      | $637459.20    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC.                                                                                | CUMMINS INC COMMON STOCK                                               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               |  | US        |       307 | NS      | $112859.34    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR GROUP, INC.                                                                           | EMCOR GROUP INC COMMON STOCK                                           | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               |  | US        |       216 | NS      | $135537.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Concordia Financial Group, Ltd.                                                             | CONCORDIA FINANCIAL GROUP LT COMMON STOCK                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | JP        |     43000 | NS      | $285143.04    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYCHEX, INC.                                                                               | PAYCHEX INC COMMON STOCK                                               | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               |  | US        |      1049 | NS      | $151402.17    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| THE SAGE GROUP PLC.                                                                         | SAGE GROUP PLC/THE COMMON STOCK                                        | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               |  | GB        |      5689 | NS      | $91346.63     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INCORPORATED                                                                       | QUALCOMM INC COMMON STOCK                                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               |  | US        |      2517 | NS      | $369394.92    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| argenx SE                                                                                   | ARGENX SE - ADR DEPOSITARY RECEIPT                                     | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               |  | US        |       321 | NS      | $215175.93    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental, S.A.B. de C.V.                                                            | ARCA CONTINENTAL SAB DE CV COMMON STOCK                                | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24       | Long             | EC               |  | MX        |      6226 | NS      | $64910.13     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TE CONNECTIVITY PUBLIC LIMITED COMPANY                                                      | TE CONNECTIVITY PLC COMMON STOCK                                       | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               |  | US        |      1383 | NS      | $284552.25    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen N.V.                                                                                  | ADYEN NV COMMON STOCK                                                  | CUSIP: N/A<br>LEI: 724500973ODKK3IFQ447       | Long             | EC               |  | NL        |         8 | NS      | $13721.23     | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| EMERSON ELECTRIC CO.                                                                        | EMERSON ELECTRIC CO COMMON STOCK                                       | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               |  | US        |       914 | NS      | $132996.14    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY, INC                                                                     | MARVELL TECHNOLOGY INC COMMON STOCK                                    | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               |  | US        |      2208 | NS      | $177456.96    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DASSAULT AVIATION SA                                                                        | DASSAULT AVIATION SA COMMON STOCK                                      | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               |  | FR        |        52 | NS      | $16190.59     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                                                                               | CHUBB LTD COMMON STOCK                                                 | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               |  | US        |       298 | NS      | $79279.92     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE III

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer