# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-26-000412
**Filing Date:** 2026-1
**Character Count:** 127779
**Document Hash:** e4ef7e3bc7f72f22cab16eb73bbd0763
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-000412.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0001004726-26-000412

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VICTORY PORTFOLIOS III
- **CENTRAL INDEX KEY:** 0000908695

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 26563027

**BUSINESS ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256
- **BUSINESS PHONE:** 210-697-3625

**MAIL ADDRESS:**
- **STREET 1:** 15935 LA CANTERA PARKWAY
- **STREET 2:** BUILDING TWO
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78256

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA MUTUAL FUNDS TRUST
- **DATE OF NAME CHANGE:** 20060420

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX FREE TRUST
- **DATE OF NAME CHANGE:** 19940325

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USAA STATE TAX EXEMPT TRUST
- **DATE OF NAME CHANGE:** 19930707

## Series and Classes Contracts Data

### Victory Target Managed Allocation Fund (Formerly USAA Target Managed Allocation Fund) (Series ID: S000050251)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000158651 | Victory Target Managed Allocation Fund | UTMAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Victory Portfolios III

- **b. Investment Company Act file number:** 811-07852

- **c. CIK number of Registrant:** 0000908695

- **d. LEI of Registrant:** 549300WIDR2J6W1Y9S11

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

  - **Street Address 1:** 15935 La Cantera Pkwy Building Two

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

  - **Telephone number:** 800-235-8396

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

- **a. Name of Series:** Victory Target Managed Allocation Fund

- **b. EDGAR series identifier (if any):** S000050251

- **c. LEI of Series:** 5493001Y7T79H1D82Q64

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-11-30

**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:** $330947899.57

**Total Liabilities:** $17824429.83

**Net Assets:** $313123469.74

**Cash Not Reported:** $9966169.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158651 | 4.67%                | 2.61%                | 0.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5688650.74              | $9301203.79                                |
| Month 2  | $12656232.80             | $-5734537.09                               |
| Month 3  | $5319035.34              | $-5579077.34                               |

**Designated Index Information**

- **Index Name:** MSCI ALL WORLD COUNTRY INDEX

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                                                        | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| TOYOTA TSUSHO CORPORATION                                                                   | TOYOTA TSUSHO CORPORATION                        | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |     18800 | NS      | $609416.14    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| KEYENCE CORPORATION                                                                         | KEYENCE CORPORATION                              | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |       900 | NS      | $306397.81    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| UNILEVER PLC                                                                                | UNILEVER PLC                                     | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      4901 | NS      | $294838.82    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Cenovus Energy Inc.                                                                         | CENOVUS ENERGY INC                               | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     22871 | NS      | $408054.13    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| QUANTA SERVICES, INC.                                                                       | QUANTA SERVICES INC                              | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       904 | NS      | $420251.52    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| AUTODESK, INC.                                                                              | AUTODESK INC                                     | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      2595 | NS      | $787167.30    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| FRONTIER COMMUNICATIONS PARENT, INC.                                                        | FRONTIER COMMUNICATIONS PARENT INC               | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16194 | NS      | $614076.48    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| CUMMINS INC.                                                                                | CUMMINS INC                                      | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |      1900 | NS      | $946162.00    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlas Copco Aktiebolag                                                                      | ATLAS COPCO AB                                   | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     33215 | NS      | $508668.24    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                                                                                | BARCLAYS PLC                                     | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | RF                | GB        |    109386 | NS      | $620434.00    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Partners Group Holding AG                                                                   | PARTNERS GROUP HOLDING AG                        | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |       377 | NS      | $447620.55    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| WOODSIDE ENERGY GROUP LTD                                                                   | WOODSIDE ENERGY GROUP LTD                        | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |     27406 | NS      | $448142.04    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                                                        | HSBC US GOVT MMKT-I                              | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2398620 | NS      | $2398619.81   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| HENDERSON LAND DEVELOPMENT COMPANY LIMITED                                                  | HENDERSON LAND DEVELOPMENT CO LTD                | CUSIP: N/A<br>LEI: 529900SYQB7IVR9QGN76       | Long             | EC               | CORP              | HK        |    116000 | NS      | $438390.28    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| DYNATRACE, INC.                                                                             | DYNATRACE INC                                    | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     10068 | NS      | $448630.08    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| SAP SE                                                                                      | SAP SE                                           | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |      3309 | NS      | $798722.67    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| SHELL PLC                                                                                   | SHELL PLC                                        | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     18594 | NS      | $683245.15    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Mizuho Financial Group, Inc.                                                                | MIZUHO FINANCIAL GROUP INC                       | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |     23600 | NS      | $832377.71    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| WH GROUP LIMITED                                                                            | WH GROUP LTD                                     | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |    454500 | NS      | $475994.48    | 0.15%             |  |  |  | Yes           | 2                  | On Loan: No      |
| BROADCOM INC.                                                                               | BROADCOM INC                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     15161 | NS      | $6109276.56   | 1.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                                       | BANCO BILBAO VIZCAYA ARGENTARIA SA               | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |     33946 | NS      | $733601.82    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Zurich Insurance Group AG                                                                   | ZURICH INSURANCE GROUP AG                        | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      1331 | NS      | $957233.54    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| DANAHER CORPORATION                                                                         | DANAHER CORP                                     | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      2493 | NS      | $565362.54    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| SUN LIFE FINANCIAL INC                                                                      | SUN LIFE FINANCIAL INC                           | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |     10876 | NS      | $644714.15    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                                                                  | PALANTIR TECHNOLOGIES INC                        | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      7006 | NS      | $1180160.70   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| CK ASSET HOLDINGS LIMITED                                                                   | CK ASSET HOLDINGS LIMITED                        | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |    180000 | NS      | $925559.96    | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| VEEVA SYSTEMS INC.                                                                          | VEEVA SYSTEMS INC                                | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      2268 | NS      | $544977.72    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                                                       | SUMITOMO MITSUI FINANCIAL GROUP INC              | CUSIP: N/A<br>LEI: 35380028MYWPB6AUO129       | Long             | EC               | CORP              | JP        |     34000 | NS      | $1028887.21   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| SUZUKI MOTOR CORPORATION                                                                    | SUZUKI MOTOR CO                                  | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |     31000 | NS      | $484835.08    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| THE HONG KONG AND CHINA GAS COMPANY LIMITED                                                 | HONG KONG CHINA GAS CO LTD                       | CUSIP: N/A<br>LEI: 254900P7BETXGC7YU827       | Long             | EC               | CORP              | HK        |    500000 | NS      | $465638.15    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| TC Energy Corporation                                                                       | TC ENERGY CORP                                   | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     17900 | NS      | $967186.72    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| TOYOTA MOTOR CORPORATION                                                                    | TOYOTA MOTOR CORP                                | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |     82100 | NS      | $1656265.69   | 0.53%             |  |  |  | No            | 2                  | On Loan: No      |
| SEA LIMITED                                                                                 | SEA LTD ADR                                      | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             |  | CORP              | KY        |      2687 | NS      | $373519.87    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| CK HUTCHISON HOLDINGS LIMITED                                                               | CK HUTCHISON HOLDINGS                            | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | KY        |     79000 | NS      | $557324.09    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                                                      | DBS GROUP HOLDINGS LTD                           | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     17300 | NS      | $724866.55    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Sandvik Aktiebolag                                                                          | SANDVIK AB                                       | CUSIP: N/A<br>LEI: 5299008ZUAXN43LVZF54       | Long             | EC               | CORP              | SE        |     27314 | NS      | $826384.76    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| FISERV, INC.                                                                                | FISERV INC                                       | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      7074 | NS      | $434838.78    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| SPOTIFY TECHNOLOGY S.A.                                                                     | SPOTIFY TECHNOLOGY SA                            | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       859 | NS      | $514429.33    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Shimadzu Corporation                                                                        | SHIMADZU CORP                                    | CUSIP: N/A<br>LEI: 353800Y64Z08WEH8PH97       | Long             | EC               | CORP              | JP        |     18800 | NS      | $536701.71    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| ABBVIE INC.                                                                                 | ABBVIE INC                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      5560 | NS      | $1266012.00   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| THE TJX COMPANIES, INC.                                                                     | TJX COS INC                                      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      5265 | NS      | $799858.80    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| JOHNSON & JOHNSON                                                                           | JOHNSON JOHNSON                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4916 | NS      | $1017218.72   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding N.V.                                                                           | ASML HOLDING N V                                 | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      1260 | NS      | $1332470.55   | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| FAIRFAX FINANCIAL HOLDINGS LIMITED                                                          | FAIRFAX FINANCIAL HOLDINGS LTD                   | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       311 | NS      | $535581.93    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| TEXAS INSTRUMENTS INCORPORATED                                                              | TEXAS INSTRUMENTS INC                            | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      3191 | NS      | $536949.57    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| KEURIG DR PEPPER INC.                                                                       | KEURIG DR PEPPER INC                             | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     20547 | NS      | $573261.30    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International Inc.                                                            | PHILIP MORRIS INTERNATIONAL INC                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3140 | NS      | $494487.20    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Suncor Energy Inc.                                                                          | SUNCOR ENERGY INC                                | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     27508 | NS      | $1237102.07   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Infineon Technologies AG                                                                    | INFINEON TECHNOLOGIES AG                         | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |     11220 | NS      | $473595.02    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| THE KROGER CO.                                                                              | KROGER CO THE                                    | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      7941 | NS      | $534270.48    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMORGAN CHASE & CO.                                                                        | JPMORGAN CHASE CO                                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      3526 | NS      | $1103920.08   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Pepsico, Inc.                                                                               | PEPSICO INC                                      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      5669 | NS      | $843207.06    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Marubeni Corporation                                                                        | MARUBENI CORP                                    | CUSIP: N/A<br>LEI: 4P4N3ORD02UGQT1T1W12       | Long             | EC               | CORP              | JP        |     30200 | NS      | $797235.32    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| EXPEDIA GROUP, INC.                                                                         | EXPEDIA GROUP INC                                | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1902 | NS      | $486322.38    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| FTSE 100 INDEX FUTURE DEC25                                                                 | FTSE 100 INDEX FUTURE DEC25                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |      -141 | NC      | $-743571.56   | -0.24%            |  |  |  | No            | 1                  | On Loan: No      |
| ALPHABET INC.                                                                               | ALPHABET INC CLASS A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15137 | NS      | $4846564.66   | 1.55%             |  |  |  | No            | 1                  | On Loan: No      |
| QUALCOMM INCORPORATED                                                                       | QUALCOMM INC                                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      5147 | NS      | $865159.23    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Software Inc.                                                                 | CONSTELLATION SOFTWARE INC CANADA                | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       266 | NS      | $643869.25    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| COUPANG, INC.                                                                               | COUPANG INC                                      | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |     12972 | NS      | $365291.52    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| KDDI CORPORATION                                                                            | KDDI CORP                                        | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |     52800 | NS      | $908465.80    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| CHURCH & DWIGHT CO., INC.                                                                   | CHURCH DWIGHT CO INC                             | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     11237 | NS      | $956942.92    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| ASTRAZENECA PLC                                                                             | ASTRAZENECA PLC                                  | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      6158 | NS      | $1141579.02   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED                                                | PUBLIC SERVICE ENTERPRISE GROUP INC              | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      6665 | NS      | $556660.80    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| APPLOVIN CORPORATION                                                                        | APPLOVIN CORP                                    | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       839 | NS      | $502963.72    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| EXPERIAN PLC                                                                                | EXPERIAN PLC                                     | CUSIP: N/A<br>LEI: 635400RXXHHYT1JTSZ26       | Long             | EC               | CORP              | JE        |     17601 | NS      | $773368.16    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Hang Seng Bank Limited                                                                      | HANG SENG BANK                                   | CUSIP: N/A<br>LEI: 5493009Z5F07LWZYMK62       | Long             | EC               | CORP              | HK        |     34400 | NS      | $673626.06    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| Link Real Estate Investment Trust                                                           | LINK REIT                                        | CUSIP: N/A<br>LEI: 529900XUE70U36QX5M62       | Long             |  | RF                | HK        |    103800 | NS      | $493045.40    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| MOODY'S CORPORATION                                                                         | MOODY S CORP                                     | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1912 | NS      | $938371.36    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| ASX SPI 200 INDEX FUTURE DEC25                                                              | ASX SPI 200 INDEX FUTURE DEC25                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | AU        |       -47 | NC      | $275767.93    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| MANULIFE FINANCIAL CORPORATION                                                              | MANULIFE FINANCIAL CORP                          | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     16219 | NS      | $574217.37    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| JAPAN TOBACCO INC.                                                                          | JAPAN TOBACCO INC                                | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |     31700 | NS      | $1192524.86   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| APPLE INC.                                                                                  | APPLE INC                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     47535 | NS      | $13255134.75  | 4.23%             |  |  |  | No            | 1                  | On Loan: No      |
| AMPHENOL CORPORATION                                                                        | AMPHENOL CORP CLASS A                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      9199 | NS      | $1296139.10   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| CBRE GROUP, INC.                                                                            | CBRE GROUP INC CL A                              | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      2788 | NS      | $451182.04    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| AT&T INC.                                                                                   | AT T INC                                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     32142 | NS      | $836334.84    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| ARC RESOURCES LTD                                                                           | ARC RESOURCES LTD                                | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |     25716 | NS      | $460285.67    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Roche Holding AG                                                                            | ROCHE HOLDING AG                                 | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      2005 | NS      | $768313.31    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                                                                | PROCTER GAMBLE CO                                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      7853 | NS      | $1163500.48   | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| KOMATSU LTD.                                                                                | KOMATSU LIMITED                                  | CUSIP: N/A<br>LEI: 5493004LQ0B4T7QPQV17       | Long             | EC               | CORP              | JP        |     15200 | NS      | $499358.29    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| THE CHARLES SCHWAB CORPORATION                                                              | THE CHARLES SCHWAB CORP                          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      9293 | NS      | $861739.89    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE                                                     | CANADIAN IMPERIAL BANK OF COMM                   | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |     12742 | NS      | $1101850.61   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| HOYA CORPORATION                                                                            | HOYA CORP                                        | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      4600 | NS      | $691074.52    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY, INC.                                                                        | NEXTERA ENERGY INC                               | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      7867 | NS      | $678843.43    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| UNICREDIT, SOCIETA PER AZIONI                                                               | UNICREDIT SPA                                    | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |      5838 | NS      | $434540.40    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| UBER TECHNOLOGIES, INC.                                                                     | UBER TECHNOLOGIES INC                            | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      8317 | NS      | $728070.18    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| ORIENTAL LAND CO.,LTD.                                                                      | ORIENTAL LAND CO LTD                             | CUSIP: N/A<br>LEI: 353800PIFKBZ6KTU5994       | Long             | EC               | CORP              | JP        |     16300 | NS      | $313569.11    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| PARKER-HANNIFIN CORPORATION                                                                 | PARKER HANNIFIN CORP                             | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      1086 | NS      | $935806.20    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| BROWN & BROWN, INC.                                                                         | BROWN BROWN INC                                  | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      6226 | NS      | $500757.18    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| GENTING SINGAPORE LIMITED                                                                   | GENTING SINGAPORE LTD                            | CUSIP: N/A<br>LEI: 254900Y2N3AK93K1O866       | Long             | EC               | CORP              | SG        |   1220700 | NS      | $717016.89    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| FAST RETAILING CO., LTD.                                                                    | FAST RETAILING CO LTD                            | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      2700 | NS      | $986550.47    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| PURE STORAGE, INC.                                                                          | PURE STORAGE INC                                 | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      5882 | NS      | $523262.72    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC.                                                            | SOLSTICE ADVANCED MATERIALS INC                  | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |       720 | NS      | $34329.60     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Renesas Electronics Corporation                                                             | RENESAS ELECTRONICS CORP                         | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |     24900 | NS      | $293663.03    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Fujitsu Limited                                                                             | FUJITSU LTD                                      | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |     22500 | NS      | $597009.69    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Nomura Holdings, Inc.                                                                       | NOMURA HOLDINGS INC                              | CUSIP: N/A<br>LEI: 549300B3CEAHYG7K8164       | Long             | EC               | CORP              | JP        |     81000 | NS      | $611856.52    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| SALESFORCE, INC.                                                                            | SALESFORCE INC                                   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2555 | NS      | $589029.70    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| THE WILLIAMS COMPANIES, INC.                                                                | WILLIAMS COS INC                                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      6820 | NS      | $415542.60    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                                                                | ADVANCED MICRO DEVICES INC                       | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      4471 | NS      | $972576.63    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| THE SHERWIN-WILLIAMS COMPANY                                                                | SHERWIN WILLIAMS CO                              | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      2039 | NS      | $700783.91    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| THE HOME DEPOT, INC.                                                                        | HOME DEPOT INC THE                               | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      2292 | NS      | $818060.64    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                                               | GOLDMAN SACHS GROUP INC THE                      | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      1238 | NS      | $1022637.52   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| BRITISH AMERICAN TOBACCO P.L.C.                                                             | BRITISH AMERICAN TOBACCO PLC                     | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     15389 | NS      | $903434.24    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                                    | LLOYDS BANKING GROUP PLC                         | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |    564087 | NS      | $715292.61    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                                       | INVESCO GVT & AGNCY-INST                         | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2398620 | NS      | $2398619.81   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| ACCENTURE PUBLIC LIMITED COMPANY                                                            | ACCENTURE PLC                                    | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      2519 | NS      | $629750.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| BANQUE ROYALE DU CANADA                                                                     | ROYAL BANK OF CANADA                             | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     16652 | NS      | $2575798.53   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Brookfield Corporation                                                                      | BROOKFIELD CORP                                  | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     26343 | NS      | $1243906.92   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC HOLDINGS PLC                                                                           | HSBC HOLDINGS PLC                                | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |     41927 | NS      | $594058.88    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| ZOETIS INC.                                                                                 | ZOETIS INC                                       | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      4480 | NS      | $574246.40    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Nutrien Ltd.                                                                                | NUTRIEN LTD                                      | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      7045 | NS      | $409903.74    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| META PLATFORMS, INC.                                                                        | META PLATFORMS INC                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6344 | NS      | $4110594.80   | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| GSK PLC                                                                                     | GSK PLC                                          | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     22363 | NS      | $532072.05    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                                                 | VERIZON COMMUNICATIONS INC                       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     20065 | NS      | $824872.15    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| CELESTICA INC.                                                                              | CELESTICA INC                                    | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |      1491 | NS      | $512305.17    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| ING Groep N.V.                                                                              | ING GROEP NV                                     | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     30685 | NS      | $795528.01    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                                                                | MARRIOTT INTERNATIONAL INC CLASS A               | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      3347 | NS      | $1020132.13   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| DAIICHI SANKYO COMPANY, LIMITED                                                             | DAIICHI SANKYO CO LTD                            | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |     19000 | NS      | $468337.58    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| WORKDAY, INC.                                                                               | WORKDAY INC                                      | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      2340 | NS      | $504550.80    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| FINECOBANK BANCA FINECO S.P.A.                                                              | FINECOBANK BANCA FINECO SPA                      | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     16829 | NS      | $413907.14    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Vicinity Centres                                                                            | VICINITY CENTRES                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | AU        |    401491 | NS      | $647094.78    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Nintendo Co., Ltd.                                                                          | NINTENDO CO LTD                                  | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |     10000 | NS      | $847649.84    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| PFIZER INC.                                                                                 | PFIZER INC                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     32517 | NS      | $836987.58    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| MCDONALD'S CORPORATION                                                                      | MCDONALD S CORP                                  | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      2353 | NS      | $733712.46    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| APPLIED MATERIALS, INC.                                                                     | APPLIED MATERIALS INC                            | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      3675 | NS      | $927018.75    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| ARISTA NETWORKS, INC.                                                                       | ARISTA NETWORKS INC                              | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      4488 | NS      | $586491.84    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| KLA CORPORATION                                                                             | KLA CORP                                         | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       855 | NS      | $1005026.85   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Heavy Industries, Ltd.                                                           | MITSUBISHI HEAVY INDUSTRIES LT                   | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |     25600 | NS      | $648489.81    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Canadien Pacifique Kansas City Limitee                                                      | CANADIAN PACIFIC KANSAS CITY LTD                 | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     19638 | NS      | $1422711.47   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Boerse Aktiengesellschaft                                                          | DEUTSCHE BOERSE AG                               | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1267 | NS      | $338625.37    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| iA Societe Financiere Inc.                                                                  | IA FINANCIAL CORP INC                            | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |      3812 | NS      | $450303.24    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| THE COCA-COLA COMPANY                                                                       | COCA COLA CO THE                                 | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     12262 | NS      | $896597.44    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| JAPANESE YEN                                                                                | JAPANESE YEN                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | JP        |  11247559 | NS      | $72012.03     | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| LA BANQUE TORONTO-DOMINION                                                                  | TORONTO DOMINION BANK                            | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     21345 | NS      | $1797208.37   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| INTUITIVE SURGICAL, INC.                                                                    | INTUITIVE SURGICAL INC                           | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      1192 | NS      | $683588.16    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| AMAZON.COM, INC.                                                                            | AMAZON COM INC                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     25625 | NS      | $5976262.50   | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Prosus N.V.                                                                                 | PROSUS NV                                        | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |      9543 | NS      | $601550.90    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| DENSO CORPORATION                                                                           | DENSO CORP                                       | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |     57000 | NS      | $750593.84    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| CINTAS CORPORATION                                                                          | CINTAS CORP                                      | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2400 | NS      | $446448.00    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                                                                  | AMERIPRISE FINANCIAL INC                         | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      1907 | NS      | $869096.18    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| L E Lundbergforetagen Aktiebolag (publ)                                                     | LUNDBERGS AB B SHS                               | CUSIP: N/A<br>LEI: 529900BPSFZS6O3A9R04       | Long             | EC               | CORP              | SE        |      7530 | NS      | $400558.25    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| MASTERCARD INCORPORATED.                                                                    | MASTERCARD INC CLASS A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3459 | NS      | $1904283.27   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| MSILF Government Portfolio                                                                  | MSILF GOVERNMENT-INST                            | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2398620 | NS      | $2398619.81   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| MICROSOFT CORPORATION                                                                       | MICROSOFT CORP                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     22715 | NS      | $11176007.15  | 3.57%             |  |  |  | No            | 1                  | On Loan: No      |
| FORTINET, INC.                                                                              | FORTINET INC                                     | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      5290 | NS      | $429177.70    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| LONDON STOCK EXCHANGE GROUP PLC                                                             | LONDON STOCK EXCHANGE GROUP PL                   | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |      4761 | NS      | $560727.41    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| ITOCHU Corporation                                                                          | ITOCHU CORPORATION                               | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |     16200 | NS      | $971754.43    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| HONDA MOTOR CO., LTD.                                                                       | HONDA MOTOR CO LTD                               | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |     67700 | NS      | $682753.51    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| GFL ENVIRONMENTAL INC.                                                                      | GFL ENVIRONMENTAL INC                            | CUSIP: 36168Q104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      8950 | NS      | $407243.25    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| EQUITABLE HOLDINGS, INC.                                                                    | EQUITABLE HOLDINGS INC                           | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     14724 | NS      | $687463.56    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| MINI MSCI EMERGING MARKETS INDEX FUTURE DEC25                                               | MINI MSCI EMERGING MARKETS INDEX FUTURE DEC25    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       182 | NC      | $294840.00    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| INTUIT INC.                                                                                 | INTUIT INC                                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1346 | NS      | $853471.68    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| S&P GLOBAL INC.                                                                             | S P GLOBAL INC                                   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      1755 | NS      | $875446.65    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| THE WALT DISNEY COMPANY                                                                     | WALT DISNEY CO THE                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      5473 | NS      | $571764.31    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Magna International Inc.                                                                    | MAGNA INTERNATIONAL INC                          | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      9271 | NS      | $453763.47    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| O'Reilly Automotive, Inc.                                                                   | O REILLY AUTOMOTIVE INC                          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      5700 | NS      | $579690.00    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Aktiengesellschaft                                                                  | SIEMENS AG                                       | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |      2769 | NS      | $734253.98    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.                                                    | YANGZIJIANG SHIPBUILDING HOLDINGS LTD            | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    170900 | NS      | $442844.66    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| BOC HONG KONG (HOLDINGS) LIMITED                                                            | BOC HONG KONG HOLDINGS LTD                       | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    125500 | NS      | $605925.58    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                                                    | ROLLS ROYCE HOLDINGS PLC                         | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     22017 | NS      | $310707.60    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Sumitomo Electric Industries, Ltd.                                                          | SUMITOMO ELECTRIC INDUSTRIES LTD                 | CUSIP: N/A<br>LEI: 5493005SP87FL5TOS202       | Long             | EC               | CORP              | JP        |      8400 | NS      | $331029.90    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| TOTALENERGIES SE                                                                            | TOTALENERGIES SE                                 | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     10822 | NS      | $711852.38    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| GE VERNOVA INC.                                                                             | GE VERNOVA LLC                                   | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1220 | NS      | $731719.40    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| NIKE, INC.                                                                                  | NIKE INC CLASS B                                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      6837 | NS      | $441875.31    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| ADVANTEST CORPORATION                                                                       | ADVANTEST CORP                                   | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      5800 | NS      | $771825.22    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC.                                                              | HILTON WORLDWIDE HOLDINGS INC                    | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      3918 | NS      | $1116747.54   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Panasonic Holdings Corporation                                                              | PANASONIC HOLDINGS CORP                          | CUSIP: N/A<br>LEI: 254900GE1G59KGWPHX32       | Long             | EC               | CORP              | JP        |     36100 | NS      | $451807.20    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| KONAMI GROUP CORPORATION                                                                    | KONAMI GROUP CORP                                | CUSIP: N/A<br>LEI: 353800FC4A5QCMIZFV94       | Long             | EC               | CORP              | JP        |      2500 | NS      | $382117.29    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| TMX Group Limited                                                                           | TMX GROUP LTD                                    | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |     13782 | NS      | $505987.69    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| S P TORONTO STOCK EXCHANGE 60 INDEX FUTURE DEC25                                            | S P TORONTO STOCK EXCHANGE 60 INDEX FUTURE DEC25 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |       -40 | NC      | $-169944.14   | -0.05%            |  |  |  | No            | 1                  | On Loan: No      |
| S P 500 EMINI FUTURE DEC25                                                                  | S P 500 EMINI FUTURE DEC25                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        48 | NC      | $512199.84    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| AMGEN INC.                                                                                  | AMGEN INC                                        | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      2725 | NS      | $941378.50    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| SNOWFLAKE INC.                                                                              | SNOWFLAKE INC                                    | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      1918 | NS      | $481878.32    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| VISA INC.                                                                                   | VISA INC CLASS A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4271 | NS      | $1428393.24   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| SOUTHERN COPPER CORPORATION                                                                 | SOUTHERN COPPER CORP                             | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      4574 | NS      | $616422.73    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| LINDE PUBLIC LIMITED COMPANY                                                                | NEW LINDE PLC                                    | CUSIP: G54950103<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      2230 | NS      | $915013.60    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| FORD MOTOR COMPANY                                                                          | FORD MOTOR CO                                    | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     42961 | NS      | $570522.08    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| ROGERS COMMUNICATIONS INC.                                                                  | ROGERS COMMUNICATIONS INC                        | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |     13807 | NS      | $539809.93    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| KEYSIGHT TECHNOLOGIES, INC.                                                                 | KEYSIGHT TECHNOLOGIES INC                        | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      3023 | NS      | $598402.85    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                                                             | TELEFONAKTIEBOLAGET LM ERICSSON                  | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |     57484 | NS      | $554980.46    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| ELI LILLY AND COMPANY                                                                       | ELI LILLY CO                                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2800 | NS      | $3011316.00   | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| FUJIFILM Holdings Corporation                                                               | FUJIFILM HOLDINGS CORPORATION                    | CUSIP: N/A<br>LEI: 529900UBKMFM0ST6H474       | Long             | EC               | CORP              | JP        |     25700 | NS      | $551830.69    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| SoftBank Corp.                                                                              | SOFTBANK CORP                                    | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |    674300 | NS      | $964825.56    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| COMPOSECURE, INC.                                                                           | COMPOSECURE INC                                  | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27111 | NS      | $538695.57    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                                 | BANK OF AMERICA CORP                             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     10551 | NS      | $566061.15    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA                                                              | COMMONWEALTH BANK OF AUSTRALIA                   | CUSIP: N/A<br>LEI: MSFSBD3QN1GSN7Q6C537       | Long             | EC               | CORP              | AU        |      6151 | NS      | $614597.86    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| MSCI INC.                                                                                   | MSCI INC COMMON                                  | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |       735 | NS      | $414334.20    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| TDK CORPORATION                                                                             | TDK CORP                                         | CUSIP: N/A<br>LEI: 3538005O8WNU39U8NX03       | Long             | EC               | CORP              | JP        |     26300 | NS      | $431731.74    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                                                             | INTERCONTINENTAL EXCHANGE INC                    | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      3589 | NS      | $564549.70    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                                                      | TRANE TECHNOLOGIES PLC                           | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      1425 | NS      | $600609.00    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| COMPAGNIE FINANCIERE RICHEMONT SA                                                           | CIE FINANCIERE RICHEMONT SA                      | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |      4695 | NS      | $998408.47    | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| CORPORATION CAMECO                                                                          | CAMECO CORP                                      | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      6145 | NS      | $545103.23    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| PALO ALTO NETWORKS, INC.                                                                    | PALO ALTO NETWORKS INC                           | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      3644 | NS      | $692833.72    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| CORPAY, INC.                                                                                | CORPAY INC                                       | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1723 | NS      | $509663.40    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| BLACKROCK, INC.                                                                             | BLACKROCK INC                                    | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       883 | NS      | $924765.90    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| CGI INC.                                                                                    | CGI INC                                          | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      5472 | NS      | $487439.95    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| HKT Trust and HKT Limited                                                                   | HKT TRUST HKT LTD                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | HK        |    398000 | NS      | $608972.07    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| ASM International N.V.                                                                      | ASM INTERNATIONAL NV                             | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |       914 | NS      | $505539.86    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| SCENTRE GROUP                                                                               | SCENTRE GROUP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | RF                | AU        |    198471 | NS      | $530489.59    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| SHELL PLC                                                                                   | SHELL PLC                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     18594 | NS      | $6656.65      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| TOPIX INDX FUTR DEC25                                                                       | TOPIX INDX FUTR DEC25                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |        79 | NC      | $1244511.34   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| UBS Group AG                                                                                | UBS GROUP AG                                     | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     20584 | NS      | $794625.57    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| TRANSDIGM GROUP INCORPORATED                                                                | TRANSDIGM GROUP INC                              | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       326 | NS      | $443415.42    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE, INC.                                                         | TAKE TWO INTERACTIVE SOFTWARE                    | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      2739 | NS      | $673985.73    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| FANUC CORPORATION                                                                           | FANUC CORPORATION                                | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |     15400 | NS      | $493647.45    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| RB Global Inc                                                                               | RB GLOBAL INC                                    | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |      4623 | NS      | $452936.88    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| MTR CORPORATION LIMITED                                                                     | MTR CORP                                         | CUSIP: N/A<br>LEI: 254900IH4U9NHH9AQM97       | Long             | EC               | CORP              | HK        |    244500 | NS      | $970967.33    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| NETFLIX, INC.                                                                               | NETFLIX INC                                      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     15355 | NS      | $1651890.90   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| SWISS MARKET INDEX FUTURE DEC25                                                             | SWISS MARKET INDEX FUTURE DEC25                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CH        |        45 | NC      | $29810.58     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Corporation                                                                      | MITSUBISHI CORP                                  | CUSIP: N/A<br>LEI: KVIPTY4PULAPGC1VVD26       | Long             | EC               | CORP              | JP        |     45800 | NS      | $1084470.23   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                                                        | MITSUBISHI UFJ FINANCIAL GROUP INC               | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |     93300 | NS      | $1463040.42   | 0.47%             |  |  |  | No            | 2                  | On Loan: No      |
| VISTRA CORP.                                                                                | VISTRA CORP                                      | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2637 | NS      | $471653.82    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Nestle S.A.                                                                                 | NESTLE SA                                        | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     10611 | NS      | $1055636.84   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| INTESA SANPAOLO SPA                                                                         | INTESA SANPAOLO SPA                              | CUSIP: N/A<br>LEI: 2W8N8UU78PMDQKZENC08       | Long             | EC               | CORP              | IT        |     79890 | NS      | $518178.95    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| SUN HUNG KAI PROPERTIES LIMITED                                                             | SUN HUNG KAI PROPERTIES LTD                      | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |     71500 | NS      | $908126.95    | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| THE PROGRESSIVE CORPORATION                                                                 | PROGRESSIVE CORP                                 | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      2963 | NS      | $677904.77    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                                              | GLDMN SCHS FIN SQ GV-FST                         | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2398620 | NS      | $2398619.82   | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Recruit Holdings Co.,Ltd.                                                                   | RECRUIT HOLDINGS CO LTD                          | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     12500 | NS      | $639389.48    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| SERVICENOW, INC.                                                                            | SERVICENOW INC                                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1111 | NS      | $902587.51    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Chubu Electric Power Company, Incorporated                                                  | CHUBU ELECTRIC POWER CO INC                      | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |     64500 | NS      | $1008207.38   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| ROBLOX CORPORATION                                                                          | ROBLOX CORP                                      | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4354 | NS      | $413760.62    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| RTX CORPORATION                                                                             | RTX CORP                                         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      5007 | NS      | $875774.37    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Music Group N.V.                                                                  | UNIVERSAL MUSIC GROUP NV                         | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |     17470 | NS      | $448880.92    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| CANON INC.                                                                                  | CANON INC                                        | CUSIP: N/A<br>LEI: 529900JH1GSC035SSP77       | Long             | EC               | CORP              | JP        |     28400 | NS      | $835664.81    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| EXXON MOBIL CORPORATION                                                                     | EXXON MOBIL CORP                                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8313 | NS      | $963642.96    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Novartis AG                                                                                 | NOVARTIS AG                                      | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |      5256 | NS      | $685868.65    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| POWER CORPORATION DU CANADA                                                                 | POWER CORP OF CANADA                             | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |     10405 | NS      | $529818.76    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| SWIRE PACIFIC LIMITED                                                                       | SWIRE PACIFIC LTD CL A                           | CUSIP: N/A<br>LEI: 549300KZOZHII0DGF611       | Long             | EC               | CORP              | HK        |     52000 | NS      | $446470.15    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Swiss Re AG                                                                                 | SWISS RE AG                                      | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |      4534 | NS      | $800327.40    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| NVIDIA CORPORATION                                                                          | NVIDIA CORP                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     75889 | NS      | $13432353.00  | 4.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Intact Corporation financiere                                                               | INTACT FINANCIAL CORP                            | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |      2403 | NS      | $490815.29    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                                             | UNITEDHEALTH GROUP INC                           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2724 | NS      | $898293.48    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| NEXT PLC                                                                                    | NEXT PLC                                         | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |      3535 | NS      | $661047.87    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| SANTOS LIMITED                                                                              | SANTOS LTD                                       | CUSIP: N/A<br>LEI: 5299000RK70B5O2M7077       | Long             | EC               | CORP              | AU        |    105168 | NS      | $443773.77    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Airbus SE                                                                                   | AIRBUS SE                                        | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |      3383 | NS      | $795553.37    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| VEOLIA ENVIRONNEMENT SA                                                                     | VEOLIA ENVIRONNEMENT                             | CUSIP: N/A<br>LEI: 969500LENY69X51OOT31       | Long             | EC               | CORP              | FR        |     38455 | NS      | $1308547.21   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| ALIMENTATION COUCHE-TARD INC.                                                               | ALIMENTATION COUCHE TARD INC                     | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     15480 | NS      | $845622.56    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD.                                                                | ROYAL CARIBBEAN CRUISES LTD                      | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      2083 | NS      | $554598.75    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| GENMAB A/S                                                                                  | GENMAB A S                                       | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      1647 | NS      | $529233.37    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| THOMSON REUTERS CORPORATION                                                                 | THOMSON REUTERS CORP                             | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |      3102 | NS      | $420800.19    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| GENERAL ELECTRIC COMPANY                                                                    | GENERAL ELECTRIC CO                              | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      3597 | NS      | $1073524.65   | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| DANONE SA                                                                                   | DANONE S A                                       | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      9103 | NS      | $813646.61    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| Sika AG                                                                                     | SIKA AG                                          | CUSIP: N/A<br>LEI: 549300R3N69ECGYPU434       | Long             | EC               | CORP              | CH        |      4258 | NS      | $840576.09    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| SHOPIFY INC.                                                                                | SHOPIFY INC                                      | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     14394 | NS      | $2299455.15   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| SOCIETE MINIERE BARRICK                                                                     | BARRICK MINING CORP                              | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     20161 | NS      | $843059.64    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| DOLLARAMA INC.                                                                              | DOLLARAMA INC                                    | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      4189 | NS      | $599435.02    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| COSTCO WHOLESALE CORPORATION                                                                | COSTCO WHOLESALE CORP                            | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       904 | NS      | $825885.36    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| BROADRIDGE FINANCIAL SOLUTIONS, INC.                                                        | BROADRIDGE FINANCIAL SOLUTIONS                   | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      2338 | NS      | $533274.42    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO                                                                                        | EURO                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |     19431 | NS      | $22544.41     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| ABB Ltd                                                                                     | ABB LIMITED                                      | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     13300 | NS      | $957356.71    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Murata Manufacturing Co., Ltd.                                                              | MURATA MANUFACTURING CO LTD                      | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               | CORP              | JP        |     25300 | NS      | $520872.98    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| SYNOPSYS, INC.                                                                              | SYNOPSYS INC                                     | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      1083 | NS      | $452704.83    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| COPART, INC.                                                                                | COPART INC                                       | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     10445 | NS      | $407146.10    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| MERCK & CO., INC.                                                                           | MERCK CO INC                                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      7536 | NS      | $789998.88    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| EXTRA SPACE STORAGE INC.                                                                    | EXTRA SPACE STORAGE INC                          | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5133 | NS      | $683561.61    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| LY Corporation                                                                              | LY CORP                                          | CUSIP: N/A<br>LEI: 52990078MD2OL792YM35       | Long             | EC               | CORP              | JP        |    186900 | NS      | $501998.55    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| DOORDASH, INC.                                                                              | DOORDASH INC                                     | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      2670 | NS      | $529647.90    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                                                     | BANK OF NOVA SCOTIA                              | CUSIP: 064149107<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | EC               | CORP              | CA        |     17083 | NS      | $1185161.40   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| EATON CORPORATION PUBLIC LIMITED COMPANY                                                    | EATON CORP PLC                                   | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      1188 | NS      | $410917.32    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Essity Aktiebolag (publ)                                                                    | ESSITY AKTIEBOLAG B                              | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |     13197 | NS      | $365476.45    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Holcim AG                                                                                   | HOLCIM LTD                                       | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |     10768 | NS      | $1010398.19   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| SCHNEIDER ELECTRIC SE                                                                       | SCHNEIDER ELECTRIC SA                            | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |      1668 | NS      | $448810.14    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITED UTILITIES GROUP PLC                                                                  | UNITED UTILITIES GROUP PLC                       | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |     59537 | NS      | $974867.91    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokio Marine Holdings, Inc.                                                                 | TOKIO MARINE HOLDINGS INC                        | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     18200 | NS      | $645268.39    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| VODAFONE GROUP PUBLIC LIMITED COMPANY                                                       | VODAFONE GROUP PLC                               | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |    309887 | NS      | $385857.71    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| LAM RESEARCH CORPORATION                                                                    | LAM RESEARCH CORP                                | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      6648 | NS      | $1037088.00   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| THERMO FISHER SCIENTIFIC INCORPORATED                                                       | THERMO FISHER SCIENTIFIC INC                     | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      1322 | NS      | $781077.26    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| BANQUE DE MONTREAL                                                                          | BANK OF MONTREAL                                 | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | RF                | CA        |      8951 | NS      | $1133272.32   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| HONEYWELL INTERNATIONAL INCORPORATION                                                       | HONEYWELL INTERNATIONAL INC                      | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      2880 | NS      | $553507.20    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Epiroc Aktiebolag                                                                           | EPIROC AB                                        | CUSIP: N/A<br>LEI: 5493004Q73OEYW1SPE91       | Long             | EC               | CORP              | SE        |     28979 | NS      | $558903.28    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| VULCAN MATERIALS COMPANY                                                                    | VULCAN MATERIALS CO                              | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      2778 | NS      | $825732.72    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| ANZ GROUP HOLDINGS LIMITED                                                                  | ANZ GROUP HOLDINGS LTD                           | CUSIP: N/A<br>LEI: 9845005D9C6BAA10BK72       | Long             | EC               | CORP              | AU        |     34874 | NS      | $791030.84    | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| Sony Group Corporation                                                                      | SONY GROUP CORP                                  | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     52500 | NS      | $1540686.17   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| Hong Kong Exchanges and Clearing Limited                                                    | HONG KONG EXCHANGES CLEARING LTD                 | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |     13900 | NS      | $739251.55    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| ALPHABET INC.                                                                               | ALPHABET INC CLASS C                             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15229 | NS      | $4875107.48   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Electric Corporation                                                             | MITSUBISHI ELECTRIC CORP                         | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |     23800 | NS      | $643564.60    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokyo Electron Limited                                                                      | TOKYO ELECTRON LTD                               | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      4000 | NS      | $817828.65    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| SITC International Holdings Co Ltd                                                          | SITC INTERNATIONAL HOLDINGS CO LTD               | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |    112000 | NS      | $385114.75    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| HONG KONG DOLLAR                                                                            | HONG KONG DOLLAR                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | HK        |     53070 | NS      | $6816.78      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Geberit AG                                                                                  | GEBERIT AG                                       | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |       781 | NS      | $609140.33    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| Takeda Pharmaceutical Company Limited                                                       | TAKEDA PHARMACEUTICAL CO LTD                     | CUSIP: N/A<br>LEI: 549300ZLMVP4X0OGR454       | Long             | EC               | CORP              | JP        |     40900 | NS      | $1179352.51   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| Sony Financial Group Inc.                                                                   | SONY FINANCIAL GROUP INC                         | CUSIP: N/A<br>LEI: 353800O7BDSU41WOZA60       | Long             | EC               | CORP              | JP        |     46300 | NS      | $43812.92     | 0.01%             |  |  |  | No            | 1                  | On Loan: No      |
| GILEAD SCIENCES, INC.                                                                       | GILEAD SCIENCES INC                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      4749 | NS      | $597614.16    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| CHEVRON CORPORATION                                                                         | CHEVRON CORP                                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5570 | NS      | $841794.10    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Enbridge Inc.                                                                               | ENBRIDGE INC                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     33375 | NS      | $1622531.85   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| CANADIAN DOLLAR                                                                             | CANADIAN DOLLAR                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CA        |      2577 | NS      | $1844.44      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Nu Holdings Ltd                                                                             | NU HOLDINGS LTD CAYMAN ISLANDS                   | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     33219 | NS      | $577678.41    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA | AIR LIQUIDE SA                                   | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |      6335 | NS      | $1213930.93   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                                                      | ISHARES CORE MSCI EMERGING                       | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             |  | RF                | US        |    187462 | NS      | $12578700.20  | 4.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Hitachi, Ltd.                                                                               | HITACHI LTD                                      | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |     35200 | NS      | $1121084.32   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| 3M COMPANY                                                                                  | 3M CO                                            | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      3392 | NS      | $583593.60    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| XP Inc.                                                                                     | XP INC                                           | CUSIP: G98239109<br>LEI: 5493008KDA8NBZRJST80 | Long             | EC               | CORP              | KY        |     21282 | NS      | $419468.22    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| SANOFI SA                                                                                   | SANOFI                                           | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      7046 | NS      | $702659.23    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| MINES AGNICO EAGLE LIMITEE                                                                  | AGINCO EAGLE MINES LTD                           | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      5965 | NS      | $1040726.65   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| NEC Corporation                                                                             | NEC CORP                                         | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |     10200 | NS      | $385419.70    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| AIA Group Limited                                                                           | AIA GROUP LTD                                    | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |     72800 | NS      | $758319.93    | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| ZSCALER, INC.                                                                               | ZSCALER INC                                      | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      1147 | NS      | $288470.50    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| CADENCE DESIGN SYSTEMS, INC.                                                                | CADENCE DESIGN SYSTEMS INC                       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      1966 | NS      | $613077.44    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Restaurant Brands International Inc.                                                        | RESTAURANT BRANDS INTERNATIONAL INC              | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      9163 | NS      | $665863.47    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.                                                                  | CROWDSTRIKE HOLDINGS INC A                       | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       763 | NS      | $388489.08    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| WELLS FARGO & COMPANY                                                                       | WELLS FARGO CO                                   | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      6056 | NS      | $519907.60    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| TESLA, INC.                                                                                 | TESLA INC                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      9543 | NS      | $4105112.31   | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| ROSS STORES, INC.                                                                           | ROSS STORES INC                                  | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      3547 | NS      | $625548.92    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| TOHO CO., LTD.                                                                              | TOHO CO LTD TOKYO                                | CUSIP: N/A<br>LEI: 529900IYHHYWU4O3H185       | Long             | EC               | CORP              | JP        |      5200 | NS      | $299437.15    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                                          | CANADIAN NATURAL RESOURCES LTD                   | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     39139 | NS      | $1324614.12   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Sumitomo Mitsui Trust Group, Inc.                                                           | SUMITOMO MITSUI TRUST GROUP IN                   | CUSIP: N/A<br>LEI: 353800P843RLCDBLNT17       | Long             | EC               | CORP              | JP        |     32900 | NS      | $955888.12    | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| PROLOGIS, INC.                                                                              | PROLOGIS INC                                     | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      5528 | NS      | $710513.84    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Santander, S.A.                                                                       | BANCO SANTANDER SA                               | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     77388 | NS      | $830026.01    | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| DISCO CORPORATION                                                                           | DISCO CORP                                       | CUSIP: N/A<br>LEI: 529900X0YGDYM51H4Q86       | Long             | EC               | CORP              | JP        |      1400 | NS      | $390457.13    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| VINCI SA                                                                                    | VINCI SA                                         | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |      5629 | NS      | $798718.58    | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| WALMART INC.                                                                                | WALMART INC                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      6701 | NS      | $740527.51    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| WESTPAC BANKING CORPORATION                                                                 | WESTPAC BANKING CORP                             | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | Long             | EC               | CORP              | AU        |     29214 | NS      | $719429.43    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| VERTEX PHARMACEUTICALS INCORPORATED                                                         | VERTEX PHARAMACEUTICALS INC                      | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1262 | NS      | $547215.82    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                                                                | CHIPOTLE MEXICAN GRILL INC                       | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |     12299 | NS      | $424561.48    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| RUSSELL 2000 MINI INDEX FUTURE DEC2                                                         | RUSSELL 2000 MINI INDEX FUTURE DEC2              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -109 | NC      | $-454911.55   | -0.15%            |  |  |  | No            | 1                  | On Loan: No      |
| ORACLE CORPORATION                                                                          | ORACLE CORP                                      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      4981 | NS      | $1005912.95   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                                                                | BRISTOL MYERS SQUIBB CO                          | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     13278 | NS      | $653277.60    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| VanEck Gold Miners ETF                                                                      | VANECK GOLD MINERS ETF USA                       | CUSIP: 92189F106<br>LEI: N/A                  | Long             |  | RF                | US        |    116582 | NS      | $9703119.86   | 3.10%             |  |  |  | No            | 1                  | On Loan: —       |
| BOOKING HOLDINGS INC.                                                                       | BOOKING HOLDINGS INC                             | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       148 | NS      | $727374.12    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| ADOBE INC.                                                                                  | ADOBE INC                                        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      2540 | NS      | $813130.20    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer