# EDGAR Filing Document

**Accession Number:** 0001502745
**File Stem:** 0001752724-23-008845
**Filing Date:** 2023-1
**Character Count:** 25970
**Document Hash:** 2e7574491ebaeaa67eb714d5bfadb0f2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-008845.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-008845

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Copeland Trust
- **CENTRAL INDEX KEY:** 0001502745
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22483
- **FILM NUMBER:** 23543787

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 PEOPLES PLAZA
- **STREET 2:** SUITE 104
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19702
- **BUSINESS PHONE:** 617-399-6935

**MAIL ADDRESS:**
- **STREET 1:** 1400 PEOPLES PLAZA
- **STREET 2:** SUITE 104
- **CITY:** NEWARK
- **STATE:** DE
- **ZIP:** 19702

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Edgartown Trust
- **DATE OF NAME CHANGE:** 20101004

## Series and Classes Contracts Data

### Copeland Dividend Growth Fund (Series ID: S000030695)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000095114 | Copeland Dividend Growth Fund Class A shares | CDGRX           |
| C000109647 | Copeland Dividend Growth Fund Class C shares | CDCRX           |
| C000124573 | Copeland Dividend Growth Fund Class I shares | CDIVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Copeland Trust

- **b. Investment Company Act file number:** 811-22483

- **c. CIK number of Registrant:** 0001502745

- **d. LEI of Registrant:** 5493005MVJ95H6N82870

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

  - **Street Address 1:** 1400 PEOPLES PLAZA

  - **City:** NEWARK

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19702

  - **Telephone number:** 617-399-6935

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

- **a. Name of Series:** Copeland Risk Managed Dividend Growth Fund

- **b. EDGAR series identifier (if any):** S000030695

- **c. LEI of Series:** 549300KVFXT7DVDGME23

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $51703787.63

**Total Liabilities:** $204494.46

**Net Assets:** $51499293.17

**Cash Not Reported:** $315141.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000095114 | -8.69%               | 9.15%                | 5.76%                |
| Class ID C000124573 | -8.71%               | 9.17%                | 5.74%                |
| Class ID C000109647 | -8.80%               | 9.06%                | 5.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $641242.72               | $-5115869.04                               |
| Month 2  | $-1928379.70             | $6117171.18                                |
| Month 3  | $-1620458.75             | $4335330.84                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Power Integrations Inc.                    | POWER INTEGRATIO          | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     10685 | NS      | $859928.80    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corporation                      | AIR LEASE CORP            | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     17895 | NS      | $691104.90    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextera Energy Inc                         | NEXTERA ENERGY            | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10447 | NS      | $884860.90    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.                 | NORTHERN OIL AND          | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     20240 | NS      | $736533.60    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc                          | DOMINO'S PIZZA            | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      1643 | NS      | $638683.39    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Corporation      | BROOKFIELD INF-A          | CUSIP: 11275Q107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     11628 | NS      | $545120.64    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                     | DIAMONDBACK ENER          | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      7303 | NS      | $1080990.06   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation                 | DOLLAR GENERAL C          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      3506 | NS      | $896414.08    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                        | STRYKER CORP              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      3362 | NS      | $786338.18    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                 | AMERIPRISE FINAN          | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2539 | NS      | $842821.05    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation               | COSTCO WHOLESALE          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1354 | NS      | $730144.50    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                           | ENSIGN GROUP INC          | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      9407 | NS      | $893665.00    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc.                     | GFL ENVIRONMENTAL INC-SUB | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |     21474 | NS      | $622101.78    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc (CA) Inc             | WASTE CONNECTION          | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      5755 | NS      | $831597.50    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp.          | BOOZ ALLEN HAMIL          | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      8633 | NS      | $918551.20    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc.              | FACTSET RESEARCH          | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      1303 | NS      | $601060.87    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Incorporated  | WEST PHARMACEUT           | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      2281 | NS      | $535259.46    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                    | ADVANCE AUTO PAR          | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      3713 | NS      | $560625.87    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Discover Financial Services                | DISCOVER FINANCI          | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |      6457 | NS      | $699680.52    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                      | MICROSOFT CORP            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2902 | NS      | $740416.28    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corporation                      | STARBUCKS CORP            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      6675 | NS      | $682185.00    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation               | ENCOMPASS HEALTH          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     13784 | NS      | $806088.32    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corporation                      | BRUNSWICK CORP            | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      7255 | NS      | $538321.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                   | CDW CORP/DE               | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      4014 | NS      | $757200.96    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                       | OTIS WORLDWI              | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      8560 | NS      | $668450.40    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated             | TEXAS INSTRUMENT          | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      4739 | NS      | $855199.94    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.              | MONOLITHIC POWER          | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      2168 | NS      | $828089.28    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                             | MORGAN STANLEY            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      8778 | NS      | $816968.46    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.             | AIR PRODS & CHEM          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      2636 | NS      | $817581.76    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter Parfums Inc                          | INTER PARFUMS             | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8560 | NS      | $815682.40    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.        | HUNTINGTON INGAL          | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      3700 | NS      | $858252.00    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                    | UNIVERSAL DISPLA          | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5537 | NS      | $623576.94    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                     | MOTOROLA SOLUTIO          | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      3482 | NS      | $947800.40    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                 | STERIS PLC                | CUSIP: G8473T100<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      3216 | NS      | $597339.84    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company          | PIONEER NATURAL           | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      4208 | NS      | $993046.01    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                        | CHURCHILL DOWNS           | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      3700 | NS      | $821252.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                 | APPLE INC                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      6191 | NS      | $916453.73    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                              | INSPERITY INC             | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |      5852 | NS      | $693754.60    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation               | TRUIST FINANCIAL          | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     11656 | NS      | $545617.36    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc                             | HOME DEPOT INC            | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1838 | NS      | $595493.62    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation                   | ALLSTATE CORP             | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      5998 | NS      | $803132.20    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.        | BROADRIDGE FINL           | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      4256 | NS      | $634612.16    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc.                                | RESMED INC                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      3506 | NS      | $807081.20    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | FIDELITY NATIONA          | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      7618 | NS      | $552914.44    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                 | INTUIT INC                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1693 | NS      | $690049.87    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                            | ROSS STORES INC           | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      5985 | NS      | $704254.95    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Caseys Gen Stores                          | CASEY'S GENERAL           | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      3652 | NS      | $887509.04    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                         | CHEMED CORP               | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      1475 | NS      | $767000.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                     | TJX COS INC               | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     10350 | NS      | $828517.50    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc.                            | UTZ BRANDS INC            | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30196 | NS      | $575535.76    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Steel & Aluminum Co.              | RELIANCE STEEL            | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      3749 | NS      | $792126.21    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.      | ALEXANDRIA REAL           | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      4183 | NS      | $650916.63    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                    | NEXSTAR MEDIA             | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      4305 | NS      | $816055.80    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc            | EQUITY LIFESTYLE          | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |      9389 | NS      | $623617.38    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                              | EQUINIX INC               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       895 | NS      | $618131.75    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                    | US PHYSICAL THER          | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |      6698 | NS      | $578774.18    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                   | VISA INC-CLASS A          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      3675 | NS      | $797475.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                            | BLACKROCK INC             | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |       870 | NS      | $622920.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                              | ACCENTURE PLC-A           | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      2418 | NS      | $727648.74    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings, Inc.       | COGENT COMMUNICA          | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10713 | NS      | $621889.65    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                             | TETRA TECH INC            | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      4813 | NS      | $744041.67    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                  | UNION PAC CORP            | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      3555 | NS      | $772963.65    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                                  | MSCI INC                  | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      1451 | NS      | $736861.33    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                               | BROADCOM INC              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1620 | NS      | $892668.60    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                    | UNITEDHEALTH GRP          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2080 | NS      | $1139340.80   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                                | ZOETIS INC                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      4014 | NS      | $618717.96    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                 | CONSTELLATION-A           | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      2998 | NS      | $771535.30    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                          | HAMILTON LANE-A           | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      7255 | NS      | $535999.40    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company               | SHERWIN-WILLIAMS          | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      2249 | NS      | $560405.82    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-28

**Name of Applicant:** Copeland Trust

**Signature:** James Colantino

**Name of Signer:** James Colantino

**Title:** Assistant Treasurer