# EDGAR Filing Document

**Accession Number:** 0001454889
**File Stem:** 0001752724-25-179369
**Filing Date:** 2025-7
**Character Count:** 1011682
**Document Hash:** 1e2191bc1eb0a76a43431144face794a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179369.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-179369

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWAB STRATEGIC TRUST
- **CENTRAL INDEX KEY:** 0001454889

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22311
- **FILM NUMBER:** 251150911

**BUSINESS ADDRESS:**
- **STREET 1:** 211 MAIN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 1-415-667-7000

**MAIL ADDRESS:**
- **STREET 1:** 211 MAIN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Schwab Strategic Trust
- **DATE OF NAME CHANGE:** 20090127

## Series and Classes Contracts Data

### Schwab Fundamental International Small Equity ETF (Series ID: S000040880)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000126718 | Schwab Fundamental International Small Equity ETF | FNDC            |

## Nport-Ex

Schwab Strategic Trust

Schwab Fundamental U.S. Broad Market ETF

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS |
| **Automobiles & Components 1.7%** | **Automobiles & Components 1.7%** | **Automobiles & Components 1.7%** |
| Adient PLC \* | 11130 | 173517 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing Holdings, <br> Inc. \*<br>| 6572 | 28851 |
| Aptiv PLC \* | 1303 | 87053 |
| BorgWarner, Inc.  | 15742 | 520903 |
| Dana, Inc.  | 17328 | 288164 |
| Dorman Products, Inc. \* | 515 | 66595 |
| Ford Motor Co.  | 332077 | 3446959 |
| Fox Factory Holding Corp. \* | 1903 | 48812 |
| General Motors Co.  | 108175 | 5366562 |
| Gentex Corp.  | 8584 | 185157 |
| Gentherm, Inc. \* | 1372 | 37545 |
| Goodyear Tire & Rubber Co. \* | 44408 | 506695 |
| Harley-Davidson, Inc.  | 6618 | 160222 |
| LCI Industries  | 1320 | 115025 |
| Lear Corp.  | 5890 | 532574 |
| Modine Manufacturing Co. \* | 590 | 53572 |
| Patrick Industries, Inc.  | 1394 | 119689 |
| Phinia, Inc.  | 2101 | 91183 |
| Rivian Automotive, Inc., Class A \* | 600 | 8718 |
| Standard Motor Products, Inc.  | 406 | 12302 |
| Tesla, Inc. \* | 8698 | 3013509 |
| Thor Industries, Inc.  | 4025 | 326790 |
| Visteon Corp. \* | 914 | 77164 |
| Winnebago Industries, Inc.  | 2615 | 88727 |
|  |  | **15356288** |
| **Banks 6.6%** | **Banks 6.6%** | **Banks 6.6%** |
| Ameris Bancorp  | 1185 | 72842 |
| Associated Banc-Corp.  | 4618 | 106999 |
| Atlantic Union Bankshares Corp.  | 3252 | 97625 |
| Axos Financial, Inc. \* | 779 | 54172 |
| Bancorp, Inc. \* | 123 | 6285 |
| Bank of America Corp.  | 205656 | 9075599 |
| Bank of Hawaii Corp.  | 1031 | 68572 |
| Bank OZK  | 3005 | 133212 |
| BankUnited, Inc.  | 4018 | 136532 |
| Banner Corp.  | 932 | 57458 |
| Berkshire Hills Bancorp, Inc.  | 303 | 7502 |
| BOK Financial Corp.  | 535 | 50515 |
| Brookline Bancorp, Inc.  | 664 | 6859 |
| Cadence Bank  | 3613 | 109474 |
| Capitol Federal Financial, Inc.  | 1456 | 8314 |
| Cathay General Bancorp  | 2079 | 89096 |
| Citigroup, Inc.  | 108323 | 8158888 |
| Citizens Financial Group, Inc.  | 16234 | 655042 |
| City Holding Co.  | 240 | 28294 |
| Columbia Banking System, Inc.  | 2913 | 68106 |
| Comerica, Inc.  | 6855 | 391352 |
| Commerce Bancshares, Inc.  | 1854 | 116821 |
| Community Financial System, Inc.  | 1018 | 57252 |
| Cullen/Frost Bankers, Inc.  | 1005 | 127615 |
| Customers Bancorp, Inc. \* | 829 | 42246 |
| CVB Financial Corp.  | 3341 | 62644 |
| Dime Community Bancshares, Inc.  | 233 | 5979 |
| Eagle Bancorp, Inc.  | 533 | 9381 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| East West Bancorp, Inc.  | 2389 | 217877 |
| Eastern Bankshares, Inc.  | 2217 | 33255 |
| Enterprise Financial Services Corp.  | 690 | 36529 |
| FB Financial Corp.  | 129 | 5631 |
| Fifth Third Bancorp  | 18542 | 708119 |
| First Bancorp/Southern Pines NC  | 759 | 31400 |
| First Busey Corp.  | 1498 | 33136 |
| First Citizens BancShares, Inc., Class A  | 105 | 194132 |
| First Commonwealth Financial Corp.  | 2281 | 35629 |
| First Financial Bancorp  | 2446 | 59095 |
| First Financial Bankshares, Inc.  | 1354 | 47742 |
| First Hawaiian, Inc.  | 4199 | 100272 |
| First Horizon Corp.  | 12435 | 247208 |
| First Interstate BancSystem, Inc., Class A  | 2483 | 67413 |
| First Merchants Corp.  | 1326 | 49990 |
| Flagstar Financial, Inc.  | 16947 | 195229 |
| FNB Corp.  | 8903 | 123485 |
| Fulton Financial Corp.  | 3881 | 66947 |
| Glacier Bancorp, Inc.  | 1789 | 74190 |
| Hancock Whitney Corp.  | 2090 | 114260 |
| Hilltop Holdings, Inc.  | 2423 | 72254 |
| Home BancShares, Inc.  | 3411 | 96497 |
| HomeStreet, Inc. \* | 793 | 10333 |
| Hope Bancorp, Inc.  | 5305 | 53262 |
| Huntington Bancshares, Inc.  | 35076 | 548238 |
| Independent Bank Corp.  | 921 | 56641 |
| International Bancshares Corp.  | 999 | 62567 |
| JPMorgan Chase & Co.  | 59975 | 15833400 |
| KeyCorp  | 38150 | 605059 |
| Lakeland Financial Corp.  | 410 | 24547 |
| M&T Bank Corp.  | 3367 | 614949 |
| National Bank Holdings Corp., Class A  | 154 | 5567 |
| NBT Bancorp, Inc.  | 972 | 40678 |
| Northwest Bancshares, Inc.  | 3836 | 47106 |
| OceanFirst Financial Corp.  | 395 | 6640 |
| Old National Bancorp  | 5207 | 108618 |
| Pacific Premier Bancorp, Inc.  | 2768 | 58682 |
| Park National Corp.  | 248 | 40315 |
| Pathward Financial, Inc.  | 508 | 39649 |
| Pinnacle Financial Partners, Inc.  | 1106 | 117546 |
| PNC Financial Services Group, Inc.  | 10943 | 1902003 |
| Preferred Bank  | 80 | 6689 |
| Prosperity Bancshares, Inc.  | 1847 | 128644 |
| Provident Financial Services, Inc.  | 2824 | 47161 |
| Regions Financial Corp.  | 26296 | 563786 |
| Renasant Corp.  | 1485 | 52049 |
| S&T Bancorp, Inc.  | 884 | 32407 |
| Seacoast Banking Corp. of Florida  | 1009 | 26062 |
| ServisFirst Bancshares, Inc.  | 485 | 36099 |
| Simmons First National Corp., Class A  | 4304 | 80743 |
| Southside Bancshares, Inc.  | 225 | 6343 |
| SouthState Corp.  | 1755 | 154089 |
| Synovus Financial Corp.  | 3629 | 173575 |
| Texas Capital Bancshares, Inc. \* | 1001 | 71762 |
| Towne Bank  | 1483 | 51252 |
| TriCo Bancshares  | 168 | 6703 |
| Triumph Financial, Inc. \* | 100 | 5777 |
| Truist Financial Corp.  | 40035 | 1581382 |
| Trustmark Corp.  | 1480 | 51001 |
| U.S. Bancorp  | 50089 | 2183379 |
| UMB Financial Corp.  | 1099 | 113329 |

---

**1**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| United Bankshares, Inc.  | 3107 | 112287 |
| United Community Banks, Inc.  | 2223 | 63889 |
| Valley National Bancorp  | 14342 | 125923 |
| Veritex Holdings, Inc.  | 1360 | 32912 |
| WaFd, Inc.  | 2665 | 75739 |
| Webster Financial Corp.  | 3045 | 156757 |
| Wells Fargo & Co.  | 124126 | 9282142 |
| WesBanco, Inc.  | 2038 | 62730 |
| Westamerica BanCorp  | 130 | 6246 |
| Western Alliance Bancorp  | 1833 | 132727 |
| Wintrust Financial Corp.  | 1059 | 126455 |
| WSFS Financial Corp.  | 1217 | 64367 |
| Zions Bancorp NA  | 6904 | 326973 |
|  |  | **58532145** |
| **Capital Goods 7.0%** | **Capital Goods 7.0%** | **Capital Goods 7.0%** |
| 3M Co.  | 18255 | 2708129 |
| A.O. Smith Corp.  | 2956 | 190100 |
| AAON, Inc.  | 386 | 37168 |
| AAR Corp. \* | 1235 | 75841 |
| Acuity, Inc.  | 899 | 233641 |
| Advanced Drainage Systems, Inc.  | 955 | 105012 |
| AECOM  | 3639 | 399744 |
| AeroVironment, Inc. \* | 48 | 8545 |
| AGCO Corp.  | 3808 | 373108 |
| Air Lease Corp.  | 3610 | 207972 |
| Alamo Group, Inc.  | 304 | 60204 |
| Albany International Corp., Class A  | 902 | 59595 |
| Allison Transmission Holdings, Inc.  | 2657 | 275053 |
| American Woodmark Corp. \* | 996 | 56144 |
| AMETEK, Inc.  | 2510 | 448637 |
| API Group Corp. \* | 2709 | 126429 |
| Apogee Enterprises, Inc.  | 1069 | 41317 |
| Applied Industrial Technologies, Inc.  | 638 | 144520 |
| Arcosa, Inc.  | 1210 | 104387 |
| Armstrong World Industries, Inc.  | 773 | 120302 |
| Astec Industries, Inc.  | 392 | 15402 |
| ATI, Inc. \* | 1219 | 97081 |
| Atkore, Inc.  | 1685 | 109693 |
| Atmus Filtration Technologies, Inc.  | 286 | 10302 |
| Axon Enterprise, Inc. \* | 10 | 7504 |
| AZEK Co., Inc. \* | 1276 | 63175 |
| AZZ, Inc.  | 599 | 54323 |
| BlueLinx Holdings, Inc. \* | 985 | 65916 |
| Boeing Co. \* | 5801 | 1202663 |
| Boise Cascade Co.  | 2544 | 221023 |
| Builders FirstSource, Inc. \* | 4945 | 532478 |
| BWX Technologies, Inc.  | 1173 | 147329 |
| Carlisle Cos., Inc.  | 855 | 325054 |
| Carrier Global Corp.  | 12802 | 911502 |
| Caterpillar, Inc.  | 8756 | 3047351 |
| Chart Industries, Inc. \* | 399 | 62587 |
| CNH Industrial NV  | 10483 | 131142 |
| Columbus McKinnon Corp.  | 1255 | 18273 |
| Comfort Systems USA, Inc.  | 305 | 145860 |
| Construction Partners, Inc., Class A \* | 422 | 44179 |
| Core & Main, Inc., Class A \* | 2815 | 154290 |
| Crane Co.  | 772 | 132321 |
| CSW Industrials, Inc.  | 109 | 33331 |
| Cummins, Inc.  | 3831 | 1231590 |
| Curtiss-Wright Corp.  | 540 | 237659 |
| Deere & Co.  | 5729 | 2900363 |
| DNOW, Inc. \* | 6030 | 86953 |
| Donaldson Co., Inc.  | 2532 | 176101 |
| Douglas Dynamics, Inc.  | 354 | 9731 |
| Dover Corp.  | 2582 | 458950 |
| Ducommun, Inc. \* | 106 | 7460 |
| DXP Enterprises, Inc. \* | 81 | 6697 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Dycom Industries, Inc. \* | 704 | 161864 |
| Eaton Corp. PLC  | 4540 | 1453708 |
| EMCOR Group, Inc.  | 815 | 384566 |
| Emerson Electric Co.  | 10526 | 1256594 |
| Enerpac Tool Group Corp.  | 685 | 29373 |
| EnerSys  | 1409 | 117835 |
| Enpro, Inc.  | 334 | 61837 |
| Esab Corp.  | 822 | 101098 |
| ESCO Technologies, Inc.  | 394 | 71409 |
| Everus Construction Group, Inc. \* | 1276 | 73893 |
| Fastenal Co.  | 15774 | 652097 |
| Federal Signal Corp.  | 790 | 74315 |
| Ferguson Enterprises, Inc.  | 1279 | 233213 |
| Flowserve Corp.  | 2889 | 144190 |
| Fluor Corp. \* | 5045 | 209771 |
| Fortive Corp.  | 4375 | 307081 |
| Fortune Brands Innovations, Inc.  | 4253 | 214351 |
| Franklin Electric Co., Inc.  | 822 | 71013 |
| FTAI Aviation Ltd.  | 525 | 61504 |
| Gates Industrial Corp. PLC \* | 6120 | 129438 |
| GATX Corp.  | 878 | 139813 |
| GE Vernova, Inc.  | 269 | 127232 |
| Generac Holdings, Inc. \* | 1201 | 146678 |
| General Dynamics Corp.  | 6173 | 1719119 |
| General Electric Co.  | 5744 | 1412507 |
| Gibraltar Industries, Inc. \* | 1004 | 58814 |
| GMS, Inc. \* | 1586 | 120108 |
| Graco, Inc.  | 2292 | 194041 |
| GrafTech International Ltd. \* | 18523 | 18453 |
| Granite Construction, Inc.  | 1353 | 121026 |
| Greenbrier Cos., Inc.  | 1683 | 75853 |
| Griffon Corp.  | 740 | 50875 |
| H&E Equipment Services, Inc.  | 1225 | 115934 |
| Hayward Holdings, Inc. \* | 3395 | 47360 |
| HEICO Corp.  | 558 | 167199 |
| Helios Technologies, Inc.  | 933 | 28289 |
| Herc Holdings, Inc.  | 820 | 101680 |
| Hexcel Corp.  | 1943 | 102765 |
| Hillenbrand, Inc.  | 2870 | 56080 |
| Hillman Solutions Corp. \* | 5420 | 39241 |
| Honeywell International, Inc.  | 14222 | 3223701 |
| Howmet Aerospace, Inc.  | 3729 | 633520 |
| Hubbell, Inc.  | 663 | 258292 |
| Huntington Ingalls Industries, Inc.  | 1775 | 395931 |
| IDEX Corp.  | 1114 | 201534 |
| Illinois Tool Works, Inc.  | 4852 | 1189128 |
| Ingersoll Rand, Inc.  | 3352 | 273657 |
| Insteel Industries, Inc.  | 325 | 11381 |
| ITT, Inc.  | 1438 | 216476 |
| Janus International Group, Inc. \* | 1086 | 8873 |
| JBT Marel Corp.  | 699 | 80252 |
| JELD-WEN Holding, Inc. \* | 10670 | 38945 |
| Johnson Controls International PLC  | 14512 | 1471081 |
| Kadant, Inc.  | 145 | 45517 |
| Kennametal, Inc.  | 4702 | 101234 |
| Kratos Defense & Security Solutions, Inc. \* | 1429 | 52716 |
| L3Harris Technologies, Inc.  | 5924 | 1447470 |
| Lennox International, Inc.  | 313 | 176673 |
| Leonardo DRS, Inc.  | 1189 | 50295 |
| Lincoln Electric Holdings, Inc.  | 930 | 180039 |
| Lindsay Corp.  | 255 | 35547 |
| Lockheed Martin Corp.  | 6761 | 3261371 |
| Manitowoc Co., Inc. \* | 1198 | 12591 |
| Masco Corp.  | 5384 | 336069 |
| MasTec, Inc. \* | 1679 | 261806 |
| Masterbrand, Inc. \* | 7697 | 78509 |
| McGrath RentCorp  | 512 | 57539 |
| Mercury Systems, Inc. \* | 1160 | 57130 |
| Middleby Corp. \* | 1216 | 177694 |

---

**2**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Miller Industries, Inc.  | 140 | 6346 |
| Moog, Inc., Class A  | 621 | 115077 |
| MRC Global, Inc. \* | 1260 | 15637 |
| MSC Industrial Direct Co., Inc., Class A  | 1963 | 159396 |
| Mueller Industries, Inc.  | 2795 | 217647 |
| Mueller Water Products, Inc., Class A  | 2715 | 66599 |
| MYR Group, Inc. \* | 575 | 90189 |
| NEXTracker, Inc., Class A \* | 158 | 8957 |
| Nordson Corp.  | 759 | 160900 |
| Northrop Grumman Corp.  | 3720 | 1803344 |
| nVent Electric PLC  | 2515 | 165487 |
| Oshkosh Corp.  | 2811 | 278823 |
| Otis Worldwide Corp.  | 4631 | 441566 |
| Owens Corning  | 2887 | 386714 |
| PACCAR, Inc.  | 11987 | 1124980 |
| Parker-Hannifin Corp.  | 1363 | 905986 |
| Pentair PLC  | 2610 | 258860 |
| Primoris Services Corp.  | 1620 | 116818 |
| Proto Labs, Inc. \* | 171 | 6324 |
| Quanex Building Products Corp.  | 1882 | 31486 |
| Quanta Services, Inc.  | 1721 | 589546 |
| RBC Bearings, Inc. \* | 191 | 69881 |
| Regal Rexnord Corp.  | 1686 | 224980 |
| Resideo Technologies, Inc. \* | 8610 | 178227 |
| REV Group, Inc.  | 1342 | 50312 |
| Rockwell Automation, Inc.  | 1889 | 596074 |
| RTX Corp.  | 24743 | 3376925 |
| Rush Enterprises, Inc., Class A  | 3495 | 173527 |
| Sensata Technologies Holding PLC  | 6677 | 174003 |
| Shyft Group, Inc.  | 508 | 5329 |
| Simpson Manufacturing Co., Inc.  | 643 | 100115 |
| SiteOne Landscape Supply, Inc. \* | 873 | 101975 |
| Snap-on, Inc.  | 1312 | 420824 |
| Spirit AeroSystems Holdings, Inc., Class A \* | 2080 | 77750 |
| SPX Technologies, Inc. \* | 381 | 57946 |
| Standex International Corp.  | 225 | 33961 |
| Stanley Black & Decker, Inc.  | 7218 | 472274 |
| Sterling Infrastructure, Inc. \* | 314 | 59035 |
| Sunrun, Inc. \* | 1718 | 12868 |
| Tennant Co.  | 504 | 37508 |
| Terex Corp.  | 2785 | 125353 |
| Textron, Inc.  | 6054 | 448178 |
| Timken Co.  | 2318 | 158760 |
| Titan International, Inc. \* | 1114 | 8065 |
| Titan Machinery, Inc. \* | 790 | 14757 |
| Toro Co.  | 2361 | 178917 |
| TransDigm Group, Inc.  | 388 | 569751 |
| Trex Co., Inc. \* | 1399 | 78162 |
| Trinity Industries, Inc.  | 3095 | 79665 |
| Triumph Group, Inc. \* | 252 | 6499 |
| Tutor Perini Corp. \* | 780 | 28766 |
| UFP Industries, Inc.  | 2790 | 272192 |
| United Rentals, Inc.  | 1208 | 855723 |
| V2X, Inc. \* | 163 | 7381 |
| Valmont Industries, Inc.  | 496 | 157748 |
| Vertiv Holdings Co., Class A  | 1034 | 111600 |
| Wabash National Corp.  | 4012 | 34784 |
| Watsco, Inc.  | 559 | 247956 |
| Watts Water Technologies, Inc., Class A  | 475 | 115007 |
| WESCO International, Inc.  | 2051 | 344342 |
| Westinghouse Air Brake Technologies Corp.  | 2632 | 532506 |
| WillScot Holdings Corp.  | 2987 | 80500 |
| Woodward, Inc.  | 897 | 194048 |
| Worthington Enterprises, Inc.  | 1413 | 83240 |
| WW Grainger, Inc.  | 595 | 647098 |
| Xylem, Inc.  | 2338 | 294681 |
| Zurn Elkay Water Solutions Corp.  | 1422 | 51462 |
|  |  | **62312656** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Commercial & Professional Services 1.4%** | **Commercial & Professional Services 1.4%** | **Commercial & Professional Services 1.4%** |
| ABM Industries, Inc.  | 3789 | 199491 |
| ACCO Brands Corp.  | 3503 | 12576 |
| Alight, Inc., Class A  | 13414 | 73240 |
| Amentum Holdings, Inc. \* | 2654 | 54830 |
| Automatic Data Processing, Inc.  | 4142 | 1348345 |
| Barrett Business Services, Inc.  | 188 | 7769 |
| Booz Allen Hamilton Holding Corp., Class A  | 1867 | 198369 |
| Brady Corp., Class A  | 1132 | 78980 |
| BrightView Holdings, Inc. \* | 892 | 13897 |
| Brink's Co.  | 1082 | 88789 |
| Broadridge Financial Solutions, Inc.  | 1278 | 310337 |
| CACI International, Inc., Class A \* | 559 | 239252 |
| Casella Waste Systems, Inc., Class A \* | 387 | 45360 |
| CBIZ, Inc. \* | 735 | 53096 |
| Cintas Corp.  | 2934 | 664551 |
| Civeo Corp.  | 301 | 6565 |
| Clarivate PLC \* | 3948 | 16661 |
| Clean Harbors, Inc. \* | 681 | 154444 |
| Concentrix Corp.  | 3697 | 206903 |
| Conduent, Inc. \* | 6156 | 13789 |
| Copart, Inc. \* | 4531 | 233256 |
| CoreCivic, Inc. \* | 6948 | 152578 |
| CSG Systems International, Inc.  | 1089 | 71939 |
| Dayforce, Inc. \* | 159 | 9394 |
| Deluxe Corp.  | 1082 | 15440 |
| Dun & Bradstreet Holdings, Inc.  | 8155 | 73477 |
| Ennis, Inc.  | 344 | 6422 |
| Enviri Corp. \* | 1608 | 13105 |
| Equifax, Inc.  | 1047 | 276607 |
| ExlService Holdings, Inc. \* | 1829 | 84116 |
| Exponent, Inc.  | 493 | 37636 |
| FTI Consulting, Inc. \* | 750 | 123120 |
| Genpact Ltd.  | 5167 | 222439 |
| GEO Group, Inc. \* | 6977 | 189356 |
| Healthcare Services Group, Inc. \* | 1943 | 27396 |
| Heidrick & Struggles International, Inc.  | 208 | 9081 |
| HNI Corp.  | 1831 | 85196 |
| Huron Consulting Group, Inc. \* | 367 | 52419 |
| ICF International, Inc.  | 426 | 36602 |
| Insperity, Inc.  | 792 | 51258 |
| Interface, Inc.  | 475 | 9543 |
| Jacobs Solutions, Inc.  | 3443 | 434851 |
| KBR, Inc.  | 2922 | 152499 |
| Kelly Services, Inc., Class A  | 2462 | 28855 |
| Kforce, Inc.  | 1089 | 44431 |
| Korn Ferry  | 1851 | 125887 |
| Leidos Holdings, Inc.  | 3404 | 505562 |
| ManpowerGroup, Inc.  | 7164 | 300530 |
| Maximus, Inc.  | 2033 | 147413 |
| MillerKnoll, Inc.  | 4368 | 73688 |
| MSA Safety, Inc.  | 429 | 69914 |
| NV5 Global, Inc. \* | 1532 | 33857 |
| OPENLANE, Inc. \* | 4199 | 96283 |
| Parsons Corp. \* | 758 | 49149 |
| Paychex, Inc.  | 3794 | 599111 |
| Paycom Software, Inc.  | 357 | 92495 |
| Pitney Bowes, Inc.  | 939 | 9672 |
| Republic Services, Inc.  | 2474 | 636535 |
| Resources Connection, Inc.  | 1293 | 6743 |
| Robert Half, Inc.  | 5474 | 250654 |
| Rollins, Inc.  | 2267 | 129786 |
| Science Applications International Corp.  | 1953 | 225650 |
| SS&C Technologies Holdings, Inc.  | 4273 | 345301 |
| Steelcase, Inc., Class A  | 7050 | 72685 |
| Tetra Tech, Inc.  | 3327 | 116245 |
| TransUnion  | 2239 | 191726 |
| TriNet Group, Inc.  | 1078 | 89700 |

---

**3**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| TrueBlue, Inc. \* | 2510 | 15060 |
| TTEC Holdings, Inc. \* | 3194 | 15683 |
| UL Solutions, Inc., Class A  | 140 | 10010 |
| UniFirst Corp.  | 599 | 112947 |
| Veralto Corp.  | 1691 | 170842 |
| Verisk Analytics, Inc.  | 1368 | 429744 |
| Verra Mobility Corp. \* | 1516 | 35853 |
| Vestis Corp.  | 10571 | 65117 |
| VSE Corp.  | 284 | 36946 |
| Waste Management, Inc.  | 5759 | 1387746 |
|  |  | **12676794** |
| **Consumer Discretionary Distribution & Retail 4.4%** | **Consumer Discretionary Distribution & Retail 4.4%** | **Consumer Discretionary Distribution & Retail 4.4%** |
| 1-800-Flowers.com, Inc., Class A \* | 607 | 2986 |
| Abercrombie & Fitch Co., Class A \* | 913 | 71661 |
| Academy Sports & Outdoors, Inc.  | 4348 | 177877 |
| Advance Auto Parts, Inc.  | 8039 | 385309 |
| A-Mark Precious Metals, Inc.  | 1175 | 23183 |
| Amazon.com, Inc. \* | 63379 | 12993329 |
| American Eagle Outfitters, Inc.  | 9113 | 99879 |
| America's Car-Mart, Inc. \* | 153 | 7613 |
| Arko Corp.  | 747 | 3197 |
| Asbury Automotive Group, Inc. \* | 1063 | 242268 |
| AutoNation, Inc. \* | 2704 | 497130 |
| AutoZone, Inc. \* | 167 | 623418 |
| Bath & Body Works, Inc.  | 8432 | 237108 |
| Best Buy Co., Inc.  | 14245 | 944159 |
| Boot Barn Holdings, Inc. \* | 457 | 73262 |
| Buckle, Inc.  | 1495 | 63702 |
| Burlington Stores, Inc. \* | 777 | 177366 |
| Caleres, Inc.  | 2160 | 29052 |
| Camping World Holdings, Inc., Class A  | 1919 | 31203 |
| CarMax, Inc. \* | 7067 | 455539 |
| ContextLogic, Inc., Class A \* | 1597 | 13095 |
| Coupang, Inc., Class A \* | 4785 | 134219 |
| Designer Brands, Inc., Class A  | 2373 | 8424 |
| Dick's Sporting Goods, Inc.  | 1608 | 288379 |
| Dillard's, Inc., Class A  | 156 | 61779 |
| eBay, Inc.  | 20324 | 1487107 |
| Etsy, Inc. \* | 2004 | 110921 |
| Five Below, Inc. \* | 1200 | 139884 |
| Floor & Decor Holdings, Inc., Class A \* | 1041 | 74629 |
| Foot Locker, Inc. \* | 14315 | 340124 |
| GameStop Corp., Class A \* | 6715 | 200107 |
| Gap, Inc.  | 11412 | 254602 |
| Genesco, Inc. \* | 398 | 8649 |
| Genuine Parts Co.  | 4337 | 548717 |
| Group 1 Automotive, Inc.  | 1020 | 432398 |
| Guess?, Inc.  | 2276 | 23853 |
| Haverty Furniture Cos., Inc.  | 518 | 10857 |
| Home Depot, Inc.  | 16421 | 6047690 |
| Kohl's Corp. *(a)* | 37681 | 306347 |
| Lithia Motors, Inc.  | 1743 | 552374 |
| LKQ Corp.  | 15753 | 637524 |
| Lowe's Cos., Inc.  | 14420 | 3255027 |
| Macy's, Inc.  | 36522 | 434247 |
| MarineMax, Inc. \* | 654 | 13865 |
| Monro, Inc.  | 716 | 10976 |
| Murphy USA, Inc.  | 648 | 276560 |
| National Vision Holdings, Inc. \* | 5911 | 117097 |
| ODP Corp. \* | 8348 | 137325 |
| Ollie's Bargain Outlet Holdings, Inc. \* | 1096 | 122149 |
| OneWater Marine, Inc., Class A \* | 361 | 5332 |
| O'Reilly Automotive, Inc. \* | 741 | 1013318 |
| Penske Automotive Group, Inc.  | 1132 | 185852 |
| Petco Health & Wellness Co., Inc. \* | 3370 | 12368 |
| Pool Corp.  | 634 | 190574 |
| QVC Group, Inc. \* | 3750 | 15375 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| RH \* | 358 | 64837 |
| Ross Stores, Inc.  | 4687 | 656602 |
| Sally Beauty Holdings, Inc. \* | 9847 | 85767 |
| Shoe Carnival, Inc.  | 479 | 9206 |
| Signet Jewelers Ltd.  | 2229 | 148385 |
| Sleep Number Corp. \* | 566 | 6090 |
| Sonic Automotive, Inc., Class A  | 1301 | 90979 |
| Stitch Fix, Inc., Class A \* | 1360 | 6011 |
| TJX Cos., Inc.  | 15436 | 1958828 |
| Tractor Supply Co.  | 8958 | 433567 |
| Ulta Beauty, Inc. \* | 937 | 441758 |
| Upbound Group, Inc.  | 3036 | 69646 |
| Urban Outfitters, Inc. \* | 3182 | 222422 |
| Valvoline, Inc. \* | 2976 | 102940 |
| Victoria's Secret & Co. \* | 4813 | 102084 |
| Wayfair, Inc., Class A \* | 931 | 38394 |
| Williams-Sonoma, Inc.  | 2269 | 367033 |
| Zumiez, Inc. \* | 855 | 10679 |
|  |  | **39426213** |
| **Consumer Durables & Apparel 1.4%** | **Consumer Durables & Apparel 1.4%** | **Consumer Durables & Apparel 1.4%** |
| Acushnet Holdings Corp.  | 751 | 51248 |
| Beazer Homes USA, Inc. \* | 711 | 14590 |
| Brunswick Corp.  | 3657 | 185117 |
| Capri Holdings Ltd. \* | 11195 | 202853 |
| Carter's, Inc.  | 3033 | 95145 |
| Cavco Industries, Inc. \* | 200 | 86719 |
| Century Communities, Inc.  | 1773 | 91965 |
| Champion Homes, Inc. \* | 1119 | 73183 |
| Columbia Sportswear Co.  | 1510 | 96308 |
| Crocs, Inc. \* | 1197 | 122094 |
| Deckers Outdoor Corp. \* | 1498 | 158069 |
| DR Horton, Inc.  | 9468 | 1117792 |
| Ethan Allen Interiors, Inc.  | 359 | 9381 |
| G-III Apparel Group Ltd. \* | 3619 | 105132 |
| GoPro, Inc., Class A \* | 14320 | 9494 |
| Green Brick Partners, Inc. \* | 749 | 43779 |
| Hanesbrands, Inc. \* | 28886 | 142986 |
| Hasbro, Inc.  | 4438 | 296059 |
| Helen of Troy Ltd. \* | 1832 | 49262 |
| Hooker Furnishings Corp.  | 495 | 4861 |
| Hovnanian Enterprises, Inc., Class A \* | 79 | 7132 |
| Installed Building Products, Inc.  | 333 | 53107 |
| iRobot Corp. \* | 1146 | 3518 |
| KB Home  | 3020 | 155772 |
| Kontoor Brands, Inc.  | 1052 | 72167 |
| La-Z-Boy, Inc.  | 2303 | 96473 |
| Leggett & Platt, Inc.  | 18394 | 166650 |
| Lennar Corp., Class A  | 9234 | 979543 |
| Levi Strauss & Co., Class A  | 2767 | 48007 |
| LGI Homes, Inc. \* | 1191 | 59669 |
| M/I Homes, Inc. \* | 1134 | 120896 |
| Malibu Boats, Inc., Class A \* | 387 | 11664 |
| MasterCraft Boat Holdings, Inc. \* | 388 | 6600 |
| Mattel, Inc. \* | 8270 | 156634 |
| Meritage Homes Corp.  | 3396 | 216020 |
| Mohawk Industries, Inc. \* | 3453 | 347406 |
| Movado Group, Inc.  | 467 | 7565 |
| Newell Brands, Inc.  | 39976 | 211873 |
| NIKE, Inc., Class B  | 28393 | 1720332 |
| NVR, Inc. \* | 79 | 562158 |
| Oxford Industries, Inc.  | 714 | 38328 |
| Peloton Interactive, Inc., Class A \* | 5296 | 37602 |
| Polaris, Inc.  | 4080 | 160018 |
| PulteGroup, Inc.  | 7425 | 727873 |
| PVH Corp.  | 4097 | 343206 |
| Ralph Lauren Corp.  | 1011 | 279855 |
| SharkNinja, Inc. \* | 797 | 73268 |

---

**4**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Skechers USA, Inc., Class A \* | 3534 | 219249 |
| Smith & Wesson Brands, Inc.  | 1364 | 12985 |
| Somnigroup International, Inc.  | 3063 | 199279 |
| Sonos, Inc. \* | 3758 | 38632 |
| Steven Madden Ltd.  | 2728 | 67245 |
| Sturm Ruger & Co., Inc.  | 385 | 13937 |
| Tapestry, Inc.  | 7430 | 583626 |
| Taylor Morrison Home Corp. \* | 5070 | 285340 |
| Toll Brothers, Inc.  | 2931 | 305557 |
| TopBuild Corp. \* | 489 | 138333 |
| Topgolf Callaway Brands Corp. \* | 7216 | 45749 |
| Tri Pointe Homes, Inc. \* | 5702 | 168095 |
| Under Armour, Inc., Class A \* | 18160 | 121854 |
| VF Corp.  | 25912 | 322863 |
| Whirlpool Corp.  | 6320 | 493529 |
| Wolverine World Wide, Inc.  | 801 | 13665 |
| YETI Holdings, Inc. \* | 1658 | 50668 |
|  |  | **12699979** |
| **Consumer Services 1.8%** | **Consumer Services 1.8%** | **Consumer Services 1.8%** |
| ADT, Inc.  | 21458 | 178531 |
| Adtalem Global Education, Inc. \* | 1086 | 143385 |
| Airbnb, Inc., Class A \* | 787 | 101523 |
| Aramark  | 6552 | 265356 |
| BJ's Restaurants, Inc. \* | 205 | 9145 |
| Bloomin' Brands, Inc.  | 5573 | 42522 |
| Booking Holdings, Inc.  | 365 | 2014409 |
| Boyd Gaming Corp.  | 2151 | 161260 |
| Bright Horizons Family Solutions, Inc. \* | 639 | 82559 |
| Brinker International, Inc. \* | 626 | 108066 |
| Caesars Entertainment, Inc. \* | 6461 | 173672 |
| Carnival Corp. \* | 14055 | 326357 |
| Cheesecake Factory, Inc.  | 885 | 48825 |
| Chegg, Inc. \* | 5236 | 5341 |
| Chipotle Mexican Grill, Inc. \* | 5848 | 292868 |
| Choice Hotels International, Inc.  | 419 | 53079 |
| Churchill Downs, Inc.  | 731 | 69789 |
| Cracker Barrel Old Country Store, Inc.  | 2593 | 148942 |
| Darden Restaurants, Inc.  | 2667 | 571298 |
| Dave & Buster's Entertainment, Inc. \* | 1358 | 29822 |
| Dine Brands Global, Inc.  | 394 | 9480 |
| Domino's Pizza, Inc.  | 564 | 267234 |
| DoorDash, Inc., Class A \* | 721 | 150437 |
| Everi Holdings, Inc. \* | 772 | 10893 |
| Expedia Group, Inc.  | 1618 | 269802 |
| Flutter Entertainment PLC \* | 270 | 68229 |
| Frontdoor, Inc. \* | 933 | 51324 |
| Golden Entertainment, Inc.  | 967 | 27589 |
| Graham Holdings Co., Class B  | 149 | 142207 |
| Grand Canyon Education, Inc. \* | 823 | 162826 |
| H&R Block, Inc.  | 2792 | 159004 |
| Hilton Grand Vacations, Inc. \* | 2258 | 86188 |
| Hilton Worldwide Holdings, Inc.  | 1888 | 469055 |
| Hyatt Hotels Corp., Class A  | 484 | 63903 |
| International Game Technology PLC  | 6119 | 90010 |
| Jack in the Box, Inc.  | 1699 | 32222 |
| Las Vegas Sands Corp.  | 6662 | 274208 |
| Laureate Education, Inc. \* | 6328 | 142380 |
| Light & Wonder, Inc. \* | 1145 | 103187 |
| Marriott International, Inc., Class A  | 2340 | 617362 |
| Marriott Vacations Worldwide Corp.  | 2045 | 134684 |
| Matthews International Corp., Class A  | 598 | 12827 |
| McDonald's Corp.  | 10120 | 3176162 |
| MGM Resorts International \* | 13996 | 442973 |
| Papa John's International, Inc.  | 639 | 28915 |
| Penn Entertainment, Inc. \* | 10504 | 155774 |
| Perdoceo Education Corp.  | 1926 | 65561 |
| Planet Fitness, Inc., Class A \* | 813 | 83601 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Red Rock Resorts, Inc., Class A  | 1074 | 51627 |
| Royal Caribbean Cruises Ltd.  | 717 | 184247 |
| Sabre Corp. \* | 7937 | 20001 |
| Service Corp. International  | 2828 | 220584 |
| Six Flags Entertainment Corp.  | 341 | 11444 |
| Starbucks Corp.  | 24758 | 2078434 |
| Strategic Education, Inc.  | 686 | 62584 |
| Stride, Inc. \* | 638 | 96587 |
| Texas Roadhouse, Inc.  | 904 | 176470 |
| Travel & Leisure Co.  | 3364 | 163389 |
| United Parks & Resorts, Inc. \* | 1065 | 47701 |
| Vail Resorts, Inc.  | 977 | 156486 |
| Wendy's Co.  | 5804 | 66166 |
| Wingstop, Inc.  | 82 | 28019 |
| Wyndham Hotels & Resorts, Inc.  | 1663 | 137663 |
| Wynn Resorts Ltd.  | 1205 | 109101 |
| Yum! Brands, Inc.  | 4784 | 688609 |
|  |  | **16423898** |
| **Consumer Staples Distribution & Retail 3.7%** | **Consumer Staples Distribution & Retail 3.7%** | **Consumer Staples Distribution & Retail 3.7%** |
| Albertsons Cos., Inc., Class A  | 22156 | 492528 |
| Andersons, Inc.  | 3976 | 141188 |
| BJ's Wholesale Club Holdings, Inc. \* | 2727 | 308724 |
| Casey's General Stores, Inc.  | 1027 | 449579 |
| Chefs' Warehouse, Inc. \* | 725 | 46240 |
| Costco Wholesale Corp.  | 5404 | 5621133 |
| Dollar General Corp.  | 14693 | 1428894 |
| Dollar Tree, Inc. \* | 10784 | 973364 |
| Grocery Outlet Holding Corp. \* | 4462 | 60594 |
| Ingles Markets, Inc., Class A  | 2177 | 135627 |
| Kroger Co.  | 42773 | 2918402 |
| Maplebear, Inc. \* | 147 | 6713 |
| Performance Food Group Co. \* | 6967 | 623964 |
| PriceSmart, Inc.  | 1348 | 145557 |
| SpartanNash Co.  | 2448 | 47638 |
| Sprouts Farmers Market, Inc. \* | 1860 | 321520 |
| Sysco Corp.  | 11936 | 871328 |
| Target Corp.  | 22960 | 2158470 |
| U.S. Foods Holding Corp. \* | 9591 | 758840 |
| United Natural Foods, Inc. \* | 2921 | 89295 |
| Village Super Market, Inc., Class A  | 242 | 9336 |
| Walgreens Boots Alliance, Inc.  | 265135 | 2982769 |
| Walmart, Inc.  | 126708 | 12508614 |
| Weis Markets, Inc.  | 1666 | 126283 |
|  |  | **33226600** |
| **Energy 7.2%** | **Energy 7.2%** | **Energy 7.2%** |
| Antero Midstream Corp.  | 4691 | 88097 |
| Antero Resources Corp. \* | 8728 | 326864 |
| APA Corp.  | 20654 | 351325 |
| Archrock, Inc.  | 3442 | 85706 |
| Baker Hughes Co.  | 26443 | 979713 |
| Berry Corp.  | 3334 | 7968 |
| Bristow Group, Inc. \* | 231 | 6759 |
| Cactus, Inc., Class A  | 693 | 28413 |
| California Resources Corp.  | 2767 | 122218 |
| ChampionX Corp.  | 3672 | 88385 |
| Cheniere Energy, Inc.  | 3195 | 757183 |
| Chevron Corp.  | 77497 | 10593840 |
| Chord Energy Corp.  | 1412 | 127080 |
| Civitas Resources, Inc.  | 2905 | 79510 |
| CNX Resources Corp. \* | 5886 | 190000 |
| Comstock Resources, Inc. \* | 3577 | 83344 |
| ConocoPhillips  | 53541 | 4569724 |
| Core Laboratories, Inc.  | 390 | 4193 |
| Core Natural Resources, Inc.  | 1961 | 135897 |
| Coterra Energy, Inc.  | 23965 | 582589 |

---

**5**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Crescent Energy Co., Class A  | 3936 | 33023 |
| CVR Energy, Inc.  | 3231 | 75573 |
| Delek U.S. Holdings, Inc.  | 8069 | 155328 |
| Devon Energy Corp.  | 30555 | 924594 |
| Diamondback Energy, Inc.  | 2977 | 400555 |
| Dorian LPG Ltd.  | 1383 | 29610 |
| DT Midstream, Inc.  | 1360 | 142446 |
| EOG Resources, Inc.  | 17773 | 1929615 |
| EQT Corp.  | 11313 | 623686 |
| Expand Energy Corp.  | 9267 | 1076177 |
| Expro Group Holdings NV \* | 2333 | 19411 |
| Exxon Mobil Corp.  | 158548 | 16219460 |
| Green Plains, Inc. \* | 6768 | 28155 |
| Gulfport Energy Corp. \* | 147 | 28150 |
| Halliburton Co.  | 24434 | 478662 |
| Helix Energy Solutions Group, Inc. \* | 4886 | 30244 |
| Helmerich & Payne, Inc.  | 4516 | 68869 |
| Hess Corp.  | 4415 | 583619 |
| HF Sinclair Corp.  | 16987 | 613740 |
| International Seaways, Inc.  | 1090 | 40384 |
| Kinder Morgan, Inc.  | 64731 | 1815057 |
| Kodiak Gas Services, Inc.  | 160 | 5650 |
| Kosmos Energy Ltd. \* | 23045 | 38255 |
| Liberty Energy, Inc.  | 6557 | 75996 |
| Magnolia Oil & Gas Corp., Class A  | 3448 | 74132 |
| Marathon Petroleum Corp.  | 27439 | 4410545 |
| Matador Resources Co.  | 2554 | 109848 |
| Murphy Oil Corp.  | 7808 | 163421 |
| Nabors Industries Ltd. \* | 516 | 13318 |
| New Fortress Energy, Inc. *(a)* | 1251 | 3115 |
| Noble Corp. PLC  | 1678 | 41564 |
| Northern Oil & Gas, Inc.  | 1572 | 41784 |
| NOV, Inc.  | 14079 | 168948 |
| NPK International, Inc. \* | 1017 | 8228 |
| Occidental Petroleum Corp.  | 25156 | 1025862 |
| Oceaneering International, Inc. \* | 1927 | 36748 |
| Oil States International, Inc. \* | 1073 | 4668 |
| ONEOK, Inc.  | 10306 | 833137 |
| Ovintiv, Inc.  | 15416 | 552201 |
| Par Pacific Holdings, Inc. \* | 3981 | 85950 |
| Patterson-UTI Energy, Inc.  | 16773 | 92587 |
| PBF Energy, Inc., Class A  | 18587 | 354082 |
| Peabody Energy Corp.  | 11362 | 149524 |
| Permian Resources Corp.  | 5093 | 64223 |
| Phillips 66  | 27068 | 3071677 |
| ProPetro Holding Corp. \* | 2084 | 11254 |
| Range Resources Corp.  | 4280 | 162811 |
| REX American Resources Corp. \* | 221 | 9313 |
| RPC, Inc.  | 5962 | 26471 |
| Schlumberger NV  | 30824 | 1018733 |
| Select Water Solutions, Inc.  | 902 | 7252 |
| SM Energy Co.  | 4827 | 113048 |
| Summit Midstream Corp. \* | 188 | 4726 |
| Talos Energy, Inc. \* | 6473 | 52043 |
| Targa Resources Corp.  | 2654 | 419146 |
| TechnipFMC PLC  | 6668 | 207708 |
| Texas Pacific Land Corp.  | 75 | 83552 |
| Tidewater, Inc. \* | 147 | 5837 |
| Transocean Ltd. \* | 19885 | 49514 |
| Valaris Ltd. \* | 698 | 26259 |
| Valero Energy Corp.  | 29085 | 3751092 |
| Vital Energy, Inc. \* | 1969 | 29299 |
| W&T Offshore, Inc. *(a)* | 4121 | 6099 |
| Weatherford International PLC  | 665 | 28994 |
| Williams Cos., Inc.  | 22832 | 1381564 |
| World Kinect Corp.  | 23463 | 642652 |
|  |  | **63987996** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Equity Real Estate Investment Trusts (REITs) 2.1%** | **Equity Real Estate Investment Trusts (REITs) 2.1%** | **Equity Real Estate Investment Trusts (REITs) 2.1%** |
| Acadia Realty Trust  | 1824 | 35130 |
| Agree Realty Corp.  | 736 | 55421 |
| Alexander & Baldwin, Inc.  | 2624 | 46996 |
| Alexandria Real Estate Equities, Inc.  | 2969 | 208394 |
| American Assets Trust, Inc.  | 1475 | 29412 |
| American Healthcare REIT, Inc.  | 383 | 13382 |
| American Homes 4 Rent, Class A  | 3558 | 134670 |
| American Tower Corp.  | 5527 | 1186371 |
| Americold Realty Trust, Inc.  | 6370 | 105551 |
| Apple Hospitality REIT, Inc.  | 7345 | 85129 |
| AvalonBay Communities, Inc.  | 1811 | 374460 |
| Brandywine Realty Trust  | 4212 | 17817 |
| Brixmor Property Group, Inc.  | 6470 | 164403 |
| Broadstone Net Lease, Inc.  | 3039 | 48350 |
| BXP, Inc.  | 4886 | 328974 |
| Camden Property Trust  | 1615 | 189746 |
| CareTrust REIT, Inc.  | 1080 | 31061 |
| Centerspace  | 142 | 9053 |
| COPT Defense Properties  | 2946 | 80868 |
| Cousins Properties, Inc.  | 3884 | 109024 |
| Crown Castle, Inc.  | 8861 | 889201 |
| CubeSmart  | 2715 | 116093 |
| Curbline Properties Corp.  | 1233 | 27977 |
| DiamondRock Hospitality Co.  | 7765 | 59325 |
| Digital Realty Trust, Inc.  | 3852 | 660695 |
| Diversified Healthcare Trust  | 6875 | 21519 |
| Douglas Emmett, Inc.  | 7038 | 100151 |
| Easterly Government Properties, Inc.  | 1239 | 26923 |
| EastGroup Properties, Inc.  | 362 | 61377 |
| Elme Communities  | 2264 | 36360 |
| Empire State Realty Trust, Inc., Class A  | 5349 | 40973 |
| EPR Properties  | 2072 | 115390 |
| Equinix, Inc.  | 798 | 709278 |
| Equity LifeStyle Properties, Inc.  | 1979 | 125805 |
| Equity Residential  | 6189 | 434096 |
| Essential Properties Realty Trust, Inc.  | 1109 | 36043 |
| Essex Property Trust, Inc.  | 852 | 241883 |
| Extra Space Storage, Inc.  | 1478 | 223400 |
| Federal Realty Investment Trust  | 1366 | 130426 |
| First Industrial Realty Trust, Inc.  | 1455 | 71921 |
| Four Corners Property Trust, Inc.  | 1109 | 30619 |
| Gaming & Leisure Properties, Inc.  | 3730 | 174191 |
| Global Net Lease, Inc.  | 6640 | 51526 |
| Healthcare Realty Trust, Inc.  | 7621 | 110505 |
| Healthpeak Properties, Inc.  | 12697 | 221055 |
| Highwoods Properties, Inc.  | 3827 | 113662 |
| Host Hotels & Resorts, Inc.  | 19970 | 309335 |
| Hudson Pacific Properties, Inc.  | 24673 | 45892 |
| Independence Realty Trust, Inc.  | 2468 | 45880 |
| Innovative Industrial Properties, Inc.  | 115 | 6350 |
| InvenTrust Properties Corp.  | 1336 | 37528 |
| Invitation Homes, Inc.  | 7545 | 254267 |
| Iron Mountain, Inc.  | 3872 | 382205 |
| JBG SMITH Properties  | 5614 | 95999 |
| Kilroy Realty Corp.  | 3844 | 123777 |
| Kimco Realty Corp.  | 9741 | 207094 |
| Kite Realty Group Trust  | 2885 | 63816 |
| Lamar Advertising Co., Class A  | 1460 | 175988 |
| Lineage, Inc.  | 247 | 10544 |
| LTC Properties, Inc.  | 830 | 29374 |
| LXP Industrial Trust  | 6700 | 57486 |
| Macerich Co.  | 7447 | 120492 |
| Medical Properties Trust, Inc. *(a)* | 37326 | 170580 |
| Mid-America Apartment Communities, Inc.  | 1855 | 290586 |
| Millrose Properties, Inc., Class A  | 3136 | 87400 |
| National Health Investors, Inc.  | 696 | 50467 |
| National Storage Affiliates Trust  | 1069 | 36774 |

---

**6**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| NNN REIT, Inc.  | 2662 | 111165 |
| Omega Healthcare Investors, Inc.  | 3999 | 147963 |
| Outfront Media, Inc.  | 4902 | 80981 |
| Paramount Group, Inc.  | 3902 | 23607 |
| Park Hotels & Resorts, Inc.  | 12776 | 132359 |
| Peakstone Realty Trust  | 1219 | 15103 |
| Pebblebrook Hotel Trust  | 4577 | 42017 |
| Phillips Edison & Co., Inc.  | 1944 | 68934 |
| Piedmont Office Realty Trust, Inc., Class A  | 3016 | 21474 |
| PotlatchDeltic Corp.  | 3128 | 123056 |
| Prologis, Inc.  | 6816 | 740218 |
| Public Storage  | 1483 | 457372 |
| Rayonier, Inc.  | 3474 | 82334 |
| Realty Income Corp.  | 6176 | 349685 |
| Regency Centers Corp.  | 2680 | 193362 |
| Rexford Industrial Realty, Inc.  | 1653 | 58252 |
| RLJ Lodging Trust  | 9013 | 65795 |
| Ryman Hospitality Properties, Inc.  | 571 | 55450 |
| Sabra Health Care REIT, Inc.  | 5915 | 103394 |
| SBA Communications Corp.  | 1022 | 236992 |
| Service Properties Trust  | 33023 | 76613 |
| Sila Realty Trust, Inc.  | 280 | 6978 |
| Simon Property Group, Inc.  | 4242 | 691743 |
| SITE Centers Corp.  | 725 | 8642 |
| SL Green Realty Corp.  | 2364 | 134204 |
| STAG Industrial, Inc.  | 2346 | 83471 |
| Summit Hotel Properties, Inc.  | 1107 | 4849 |
| Sun Communities, Inc.  | 1905 | 235153 |
| Sunstone Hotel Investors, Inc.  | 6475 | 58016 |
| Tanger, Inc.  | 1748 | 52090 |
| Terreno Realty Corp.  | 582 | 32836 |
| UDR, Inc.  | 4724 | 195715 |
| Uniti Group, Inc.  | 22648 | 97386 |
| Urban Edge Properties  | 2694 | 48923 |
| Ventas, Inc.  | 8830 | 567592 |
| Veris Residential, Inc.  | 1779 | 27041 |
| VICI Properties, Inc.  | 8541 | 270835 |
| Vornado Realty Trust  | 6279 | 236530 |
| Welltower, Inc.  | 5526 | 852551 |
| Weyerhaeuser Co.  | 29169 | 755769 |
| WP Carey, Inc.  | 3522 | 221041 |
| Xenia Hotels & Resorts, Inc.  | 4330 | 52956 |
|  |  | **18506887** |
| **Financial Services 8.3%** | **Financial Services 8.3%** | **Financial Services 8.3%** |
| Acadian Asset Management, Inc.  | 427 | 12857 |
| Affiliated Managers Group, Inc.  | 1631 | 287056 |
| AGNC Investment Corp.  | 13113 | 117230 |
| Ally Financial, Inc.  | 21120 | 739200 |
| American Express Co.  | 8280 | 2434734 |
| Ameriprise Financial, Inc.  | 1899 | 967047 |
| Annaly Capital Management, Inc.  | 12753 | 241669 |
| Apollo Commercial Real Estate Finance, Inc.  | 6639 | 65261 |
| Apollo Global Management, Inc.  | 1305 | 170551 |
| Arbor Realty Trust, Inc. *(a)* | 5165 | 49481 |
| ARES Management Corp., Class A  | 628 | 103934 |
| &nbsp;&nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, Inc., <br> Class A <br>| 2230 | 89869 |
| Bank of New York Mellon Corp.  | 23448 | 2077727 |
| Berkshire Hathaway, Inc., Class B \* | 36501 | 18395044 |
| BGC Group, Inc., Class A  | 6557 | 60849 |
| Blackrock, Inc.  | 2105 | 2062669 |
| Blackstone Mortgage Trust, Inc., Class A  | 5898 | 111413 |
| Blackstone, Inc.  | 5287 | 733624 |
| Block, Inc. \* | 4067 | 251137 |
| Bread Financial Holdings, Inc.  | 6096 | 312359 |
| BrightSpire Capital, Inc.  | 1812 | 9169 |
| Capital One Financial Corp.  | 29476 | 5575385 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Carlyle Group, Inc.  | 5497 | 248464 |
| Charles Schwab Corp. *(b)* | 14344 | 1267149 |
| Chimera Investment Corp.  | 6643 | 87555 |
| Claros Mortgage Trust, Inc.  | 8589 | 22074 |
| CME Group, Inc.  | 3329 | 962081 |
| Cohen & Steers, Inc.  | 460 | 35346 |
| Coinbase Global, Inc., Class A \* | 206 | 50804 |
| Corebridge Financial, Inc.  | 14085 | 459312 |
| Corpay, Inc. \* | 1201 | 390457 |
| Credit Acceptance Corp. \* | 208 | 99278 |
| DigitalBridge Group, Inc.  | 9213 | 101896 |
| Donnelley Financial Solutions, Inc. \* | 789 | 42985 |
| Enact Holdings, Inc.  | 194 | 6868 |
| Encore Capital Group, Inc. \* | 1739 | 65908 |
| Enova International, Inc. \* | 980 | 90817 |
| Equitable Holdings, Inc.  | 7723 | 408315 |
| Essent Group Ltd.  | 2028 | 117624 |
| Euronet Worldwide, Inc. \* | 1253 | 135675 |
| Evercore, Inc., Class A  | 978 | 226397 |
| EZCORP, Inc., Class A \* | 588 | 7909 |
| FactSet Research Systems, Inc.  | 314 | 143894 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Agricultural Mortgage Corp., <br> Class C <br>| 146 | 27217 |
| Federated Hermes, Inc.  | 3397 | 143353 |
| Fidelity National Information Services, Inc.  | 9804 | 780496 |
| FirstCash Holdings, Inc.  | 1029 | 131619 |
| Fiserv, Inc. \* | 5282 | 859857 |
| Franklin BSP Realty Trust, Inc.  | 3039 | 33520 |
| Franklin Resources, Inc.  | 19694 | 426178 |
| Global Payments, Inc.  | 8059 | 609341 |
| Goldman Sachs Group, Inc.  | 7437 | 4465547 |
| Green Dot Corp., Class A \* | 1171 | 10820 |
| Hamilton Lane, Inc., Class A  | 53 | 7897 |
| Houlihan Lokey, Inc.  | 669 | 116861 |
| Interactive Brokers Group, Inc., Class A  | 361 | 75695 |
| Intercontinental Exchange, Inc.  | 5591 | 1005262 |
| Invesco Ltd.  | 24264 | 350857 |
| Jack Henry & Associates, Inc.  | 1148 | 207983 |
| Jackson Financial, Inc., Class A  | 3447 | 282344 |
| Janus Henderson Group PLC  | 4815 | 174929 |
| Jefferies Financial Group, Inc.  | 4566 | 221908 |
| KKR & Co., Inc.  | 4866 | 591024 |
| KKR Real Estate Finance Trust, Inc.  | 600 | 5358 |
| Ladder Capital Corp.  | 4077 | 42890 |
| LendingClub Corp. \* | 547 | 5486 |
| loanDepot, Inc., Class A \* | 4050 | 5306 |
| LPL Financial Holdings, Inc.  | 1139 | 440975 |
| MarketAxess Holdings, Inc.  | 417 | 90243 |
| Mastercard, Inc., Class A  | 4644 | 2719526 |
| MFA Financial, Inc.  | 5521 | 51345 |
| MGIC Investment Corp.  | 7903 | 209034 |
| Moelis & Co., Class A  | 1644 | 93889 |
| Moody's Corp.  | 1189 | 569912 |
| Morgan Stanley  | 28103 | 3598027 |
| Morningstar, Inc.  | 219 | 67544 |
| Mr. Cooper Group, Inc. \* | 1500 | 194295 |
| MSCI, Inc.  | 445 | 250989 |
| Nasdaq, Inc.  | 3648 | 304754 |
| Navient Corp.  | 11691 | 157127 |
| NCR Atleos Corp. \* | 1123 | 29771 |
| Nelnet, Inc., Class A  | 352 | 40895 |
| New York Mortgage Trust, Inc.  | 1862 | 12159 |
| NMI Holdings, Inc., Class A \* | 1326 | 52669 |
| Northern Trust Corp.  | 5444 | 581093 |
| OneMain Holdings, Inc.  | 9598 | 497560 |
| Oppenheimer Holdings, Inc., Class A  | 125 | 8161 |
| PayPal Holdings, Inc. \* | 22067 | 1550869 |
| Paysafe Ltd. \* | 472 | 5829 |
| PennyMac Financial Services, Inc.  | 1137 | 109152 |

---

**7**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| PennyMac Mortgage Investment Trust  | 4328 | 53148 |
| Piper Sandler Cos.  | 293 | 73675 |
| PJT Partners, Inc., Class A  | 225 | 33899 |
| PRA Group, Inc. \* | 573 | 8131 |
| PROG Holdings, Inc.  | 3693 | 106469 |
| Radian Group, Inc.  | 4703 | 160608 |
| Raymond James Financial, Inc.  | 2738 | 402431 |
| Ready Capital Corp.  | 5795 | 25904 |
| Redwood Trust, Inc.  | 1363 | 7428 |
| Regional Management Corp.  | 226 | 5978 |
| Rithm Capital Corp.  | 19858 | 221417 |
| Rocket Cos., Inc., Class A *(a)* | 2676 | 34119 |
| S&P Global, Inc.  | 2769 | 1420109 |
| SEI Investments Co.  | 3153 | 268825 |
| Shift4 Payments, Inc., Class A \* | 54 | 5119 |
| SLM Corp.  | 12249 | 396500 |
| Starwood Property Trust, Inc.  | 10436 | 206111 |
| State Street Corp.  | 8958 | 862476 |
| Stifel Financial Corp.  | 1588 | 149621 |
| StoneX Group, Inc. \* | 577 | 48846 |
| Synchrony Financial  | 34180 | 1970477 |
| T. Rowe Price Group, Inc.  | 9686 | 906513 |
| Toast, Inc., Class A \* | 1391 | 58672 |
| TPG RE Finance Trust, Inc.  | 750 | 5760 |
| TPG, Inc.  | 933 | 44905 |
| Tradeweb Markets, Inc., Class A  | 474 | 68469 |
| Two Harbors Investment Corp.  | 3337 | 35339 |
| Victory Capital Holdings, Inc., Class A  | 711 | 44089 |
| Virtu Financial, Inc., Class A  | 3643 | 146412 |
| Virtus Investment Partners, Inc.  | 246 | 41992 |
| Visa, Inc., Class A  | 10249 | 3742832 |
| Voya Financial, Inc.  | 2990 | 198895 |
| Walker & Dunlop, Inc.  | 1021 | 69928 |
| Western Union Co.  | 29663 | 275273 |
| WEX, Inc. \* | 608 | 80821 |
| World Acceptance Corp. \* | 56 | 8651 |
|  |  | **74246481** |
| **Food, Beverage & Tobacco 3.6%** | **Food, Beverage & Tobacco 3.6%** | **Food, Beverage & Tobacco 3.6%** |
| Altria Group, Inc.  | 54345 | 3293850 |
| Archer-Daniels-Midland Co.  | 47558 | 2295625 |
| B&G Foods, Inc.  | 3491 | 14697 |
| Boston Beer Co., Inc., Class A \* | 277 | 63668 |
| Brown-Forman Corp., Class B  | 6490 | 216377 |
| Bunge Global SA  | 15679 | 1225314 |
| Calavo Growers, Inc.  | 473 | 13031 |
| Cal-Maine Foods, Inc.  | 1466 | 140633 |
| Campbell's Co.  | 6600 | 224664 |
| Coca-Cola Co.  | 48035 | 3463324 |
| Coca-Cola Consolidated, Inc.  | 760 | 87134 |
| Conagra Brands, Inc.  | 21891 | 501085 |
| Constellation Brands, Inc., Class A  | 3320 | 591923 |
| Darling Ingredients, Inc. \* | 6233 | 194220 |
| Flowers Foods, Inc.  | 8110 | 137059 |
| Fresh Del Monte Produce, Inc.  | 4753 | 167876 |
| General Mills, Inc.  | 18400 | 998384 |
| Hain Celestial Group, Inc. \* | 5864 | 10966 |
| Hershey Co.  | 2388 | 383728 |
| Hormel Foods Corp.  | 10696 | 328153 |
| Ingredion, Inc.  | 2598 | 361434 |
| J&J Snack Foods Corp.  | 313 | 36048 |
| J.M. Smucker Co.  | 4840 | 545032 |
| John B Sanfilippo & Son, Inc.  | 424 | 26347 |
| Kellanova  | 6384 | 527510 |
| Keurig Dr. Pepper, Inc.  | 22370 | 753198 |
| Kraft Heinz Co.  | 34276 | 916198 |
| Lamb Weston Holdings, Inc.  | 2935 | 163714 |
| Lancaster Colony Corp.  | 401 | 67127 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| McCormick & Co., Inc. - Non Voting Shares  | 4458 | 324230 |
| MGP Ingredients, Inc.  | 198 | 5825 |
| Molson Coors Beverage Co., Class B  | 8633 | 462642 |
| Mondelez International, Inc., Class A  | 30561 | 2062562 |
| Monster Beverage Corp. \* | 8090 | 517356 |
| Nomad Foods Ltd.  | 6964 | 121870 |
| PepsiCo, Inc.  | 25568 | 3360914 |
| Philip Morris International, Inc.  | 28393 | 5127492 |
| Pilgrim's Pride Corp.  | 1396 | 68627 |
| Post Holdings, Inc. \* | 1557 | 172189 |
| Seaboard Corp.  | 34 | 91024 |
| Seneca Foods Corp., Class A \* | 116 | 10940 |
| Simply Good Foods Co. \* | 1274 | 43966 |
| TreeHouse Foods, Inc. \* | 3055 | 68615 |
| Tyson Foods, Inc., Class A  | 28717 | 1612747 |
| Universal Corp.  | 2081 | 136077 |
| WK Kellogg Co.  | 4004 | 67748 |
|  |  | **32003143** |
| **Health Care Equipment & Services 5.6%** | **Health Care Equipment & Services 5.6%** | **Health Care Equipment & Services 5.6%** |
| Abbott Laboratories  | 27795 | 3712856 |
| Acadia Healthcare Co., Inc. \* | 2675 | 60562 |
| AdaptHealth Corp. \* | 2158 | 19379 |
| Addus HomeCare Corp. \* | 334 | 37044 |
| agilon health, Inc. \* | 13810 | 30658 |
| Align Technology, Inc. \* | 1157 | 209348 |
| Amedisys, Inc. \* | 997 | 93788 |
| AMN Healthcare Services, Inc. \* | 4548 | 96008 |
| Astrana Health, Inc. \* | 747 | 18518 |
| Avanos Medical, Inc. \* | 676 | 8497 |
| Baxter International, Inc.  | 20287 | 618754 |
| Becton Dickinson & Co.  | 5009 | 864503 |
| Boston Scientific Corp. \* | 7951 | 836922 |
| BrightSpring Health Services, Inc. \* | 312 | 7429 |
| Brookdale Senior Living, Inc. \* | 8175 | 53219 |
| Cardinal Health, Inc.  | 4634 | 715675 |
| Cencora, Inc.  | 1245 | 362594 |
| Centene Corp. \* | 38566 | 2176665 |
| Chemed Corp.  | 279 | 160380 |
| Cigna Group  | 15461 | 4895571 |
| Claritev Corp. \* | 409 | 15726 |
| Clover Health Investments Corp. \* | 1817 | 5705 |
| Community Health Systems, Inc. \* | 12964 | 50300 |
| Concentra Group Holdings Parent, Inc.  | 3297 | 71314 |
| CONMED Corp.  | 682 | 38704 |
| Cooper Cos., Inc. \* | 2461 | 168037 |
| Cross Country Healthcare, Inc. \* | 942 | 12416 |
| CVS Health Corp.  | 130647 | 8366634 |
| DaVita, Inc. \* | 2495 | 339969 |
| DENTSPLY SIRONA, Inc.  | 10102 | 161430 |
| Dexcom, Inc. \* | 1363 | 116945 |
| Edwards Lifesciences Corp. \* | 7212 | 564123 |
| Elevance Health, Inc.  | 9659 | 3707511 |
| Embecta Corp.  | 1014 | 10677 |
| Encompass Health Corp.  | 1868 | 225841 |
| Enhabit, Inc. \* | 1218 | 12789 |
| Enovis Corp. \* | 1995 | 62444 |
| Ensign Group, Inc.  | 661 | 97339 |
| Envista Holdings Corp. \* | 7550 | 137939 |
| Evolent Health, Inc., Class A \* | 861 | 6414 |
| Fulgent Genetics, Inc. \* | 513 | 10629 |
| GE HealthCare Technologies, Inc.  | 14286 | 1007734 |
| Globus Medical, Inc., Class A \* | 884 | 52315 |
| Haemonetics Corp. \* | 860 | 58231 |
| HCA Healthcare, Inc.  | 5202 | 1983991 |
| HealthEquity, Inc. \* | 493 | 49601 |
| Henry Schein, Inc. \* | 5989 | 419170 |
| Hologic, Inc. \* | 5503 | 342122 |

---

**8**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Humana, Inc.  | 8224 | 1917261 |
| ICU Medical, Inc. \* | 504 | 67969 |
| IDEXX Laboratories, Inc. \* | 549 | 281835 |
| Insulet Corp. \* | 132 | 42904 |
| Integer Holdings Corp. \* | 521 | 61874 |
| Integra LifeSciences Holdings Corp. \* | 3017 | 38195 |
| Intuitive Surgical, Inc. \* | 1222 | 674960 |
| Labcorp Holdings, Inc.  | 5274 | 1313068 |
| Lantheus Holdings, Inc. \* | 117 | 8841 |
| LivaNova PLC \* | 717 | 31010 |
| Masimo Corp. \* | 668 | 108550 |
| McKesson Corp.  | 1590 | 1144021 |
| Merit Medical Systems, Inc. \* | 617 | 58634 |
| Molina Healthcare, Inc. \* | 1721 | 524974 |
| National HealthCare Corp.  | 450 | 46863 |
| Neogen Corp. \* | 2718 | 15927 |
| OmniAb, Inc., Class A \**(c)* | 52 | 0 |
| OmniAb, Inc., Class B \**(c)* | 52 | 0 |
| Omnicell, Inc. \* | 1166 | 35411 |
| Option Care Health, Inc. \* | 3671 | 119968 |
| Owens & Minor, Inc. \* | 11920 | 78672 |
| Pediatrix Medical Group, Inc. \* | 1516 | 21451 |
| Penumbra, Inc. \* | 138 | 36842 |
| Premier, Inc., Class A  | 7256 | 166743 |
| Privia Health Group, Inc. \* | 1423 | 32388 |
| Quest Diagnostics, Inc.  | 3816 | 661465 |
| QuidelOrtho Corp. \* | 3099 | 95046 |
| RadNet, Inc. \* | 145 | 8336 |
| ResMed, Inc.  | 1275 | 312107 |
| Select Medical Holdings Corp.  | 3870 | 59172 |
| Solventum Corp. \* | 1802 | 131708 |
| STERIS PLC  | 1309 | 320980 |
| Stryker Corp.  | 2906 | 1111952 |
| Surgery Partners, Inc. \* | 1606 | 37918 |
| Teladoc Health, Inc. \* | 6011 | 41596 |
| Teleflex, Inc.  | 1001 | 122392 |
| Tenet Healthcare Corp. \* | 3046 | 514073 |
| UnitedHealth Group, Inc.  | 19279 | 5820523 |
| Universal Health Services, Inc., Class B  | 3099 | 589895 |
| Varex Imaging Corp. \* | 596 | 4571 |
| Veeva Systems, Inc., Class A \* | 517 | 144605 |
| Waystar Holding Corp. \* | 140 | 5597 |
| Zimmer Biomet Holdings, Inc.  | 4586 | 422692 |
| Zimvie, Inc. \* | 1017 | 9295 |
|  |  | **50316704** |
| **Household & Personal Products 1.3%** | **Household & Personal Products 1.3%** | **Household & Personal Products 1.3%** |
| BellRing Brands, Inc. \* | 453 | 28516 |
| Central Garden & Pet Co. \* | 369 | 13306 |
| Central Garden & Pet Co., Class A \* | 2536 | 81076 |
| Church & Dwight Co., Inc.  | 3381 | 332386 |
| Clorox Co.  | 2095 | 276289 |
| Colgate-Palmolive Co.  | 11755 | 1092510 |
| Coty, Inc., Class A \* | 8334 | 41087 |
| Edgewell Personal Care Co.  | 2545 | 70293 |
| elf Beauty, Inc. \* | 96 | 10799 |
| Energizer Holdings, Inc.  | 2305 | 53683 |
| Estee Lauder Cos., Inc., Class A  | 7450 | 498703 |
| Herbalife Ltd. \* | 12853 | 100382 |
| Interparfums, Inc.  | 243 | 33101 |
| Kenvue, Inc.  | 40727 | 972153 |
| Kimberly-Clark Corp.  | 6633 | 953560 |
| Medifast, Inc. \* | 1133 | 15941 |
| Nu Skin Enterprises, Inc., Class A  | 4131 | 35651 |
| Procter & Gamble Co.  | 42321 | 7189915 |
| Reynolds Consumer Products, Inc.  | 1686 | 37227 |
| Spectrum Brands Holdings, Inc.  | 1714 | 99018 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| USANA Health Sciences, Inc. \* | 410 | 12247 |
| WD-40 Co.  | 142 | 34595 |
|  |  | **11982438** |
| **Insurance 3.2%** | **Insurance 3.2%** | **Insurance 3.2%** |
| Aflac, Inc.  | 14898 | 1542539 |
| Allstate Corp.  | 9573 | 2009085 |
| American Financial Group, Inc.  | 3072 | 380867 |
| American International Group, Inc.  | 32482 | 2749276 |
| AMERISAFE, Inc.  | 190 | 9019 |
| Aon PLC, Class A  | 2952 | 1098380 |
| Arthur J Gallagher & Co.  | 1464 | 508652 |
| Assurant, Inc.  | 1137 | 230788 |
| Brighthouse Financial, Inc. \* | 249 | 14893 |
| Brown & Brown, Inc.  | 1767 | 199494 |
| Chubb Ltd.  | 7197 | 2138948 |
| Cincinnati Financial Corp.  | 3870 | 583673 |
| CNA Financial Corp.  | 712 | 34112 |
| CNO Financial Group, Inc.  | 6230 | 236491 |
| Employers Holdings, Inc.  | 1102 | 53634 |
| Erie Indemnity Co., Class A  | 219 | 78514 |
| Fidelity National Financial, Inc.  | 8379 | 458918 |
| First American Financial Corp.  | 5636 | 314545 |
| Genworth Financial, Inc., Class A \* | 36042 | 254096 |
| Globe Life, Inc.  | 2788 | 339774 |
| Hanover Insurance Group, Inc.  | 1174 | 206601 |
| Hartford Insurance Group, Inc.  | 8969 | 1164535 |
| Horace Mann Educators Corp.  | 1094 | 47512 |
| Kemper Corp.  | 2151 | 137083 |
| Kinsale Capital Group, Inc.  | 65 | 30679 |
| Lincoln National Corp.  | 9705 | 321624 |
| Loews Corp.  | 4779 | 426717 |
| Markel Group, Inc. \* | 253 | 491250 |
| Marsh & McLennan Cos., Inc.  | 5708 | 1333731 |
| Mercury General Corp.  | 867 | 55904 |
| MetLife, Inc.  | 23546 | 1850245 |
| Old Republic International Corp.  | 10442 | 394708 |
| Primerica, Inc.  | 711 | 192397 |
| Principal Financial Group, Inc.  | 9338 | 727337 |
| ProAssurance Corp. \* | 440 | 10204 |
| Progressive Corp.  | 6378 | 1817284 |
| Prudential Financial, Inc.  | 13011 | 1351713 |
| Reinsurance Group of America, Inc.  | 1290 | 262244 |
| RLI Corp.  | 1182 | 90860 |
| Safety Insurance Group, Inc.  | 600 | 49284 |
| Selective Insurance Group, Inc.  | 1225 | 107824 |
| Stewart Information Services Corp.  | 1618 | 97630 |
| Travelers Cos., Inc.  | 8752 | 2412926 |
| Unum Group  | 5760 | 470650 |
| W.R. Berkley Corp.  | 4852 | 362396 |
| White Mountains Insurance Group Ltd.  | 59 | 105303 |
| Willis Towers Watson PLC  | 1841 | 582769 |
|  |  | **28337108** |
| **Materials 3.7%** | **Materials 3.7%** | **Materials 3.7%** |
| AdvanSix, Inc.  | 545 | 12813 |
| Air Products & Chemicals, Inc.  | 3508 | 978416 |
| Albemarle Corp.  | 3631 | 202465 |
| Alcoa Corp.  | 11913 | 318911 |
| Alpha Metallurgical Resources, Inc. \* | 662 | 74170 |
| Amcor PLC  | 96123 | 875681 |
| AptarGroup, Inc.  | 1212 | 191981 |
| Ardagh Metal Packaging SA  | 2561 | 9988 |
| Ashland, Inc.  | 1977 | 97881 |
| Avery Dennison Corp.  | 1759 | 312627 |
| Avient Corp.  | 2778 | 100369 |
| Axalta Coating Systems Ltd. \* | 5153 | 158712 |

---

**9**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Balchem Corp.  | 363 | 60512 |
| Ball Corp.  | 9132 | 489293 |
| Cabot Corp.  | 1346 | 100533 |
| Carpenter Technology Corp.  | 583 | 137005 |
| Celanese Corp.  | 5519 | 291569 |
| CF Industries Holdings, Inc.  | 8331 | 755705 |
| Chemours Co.  | 12916 | 130839 |
| Clearwater Paper Corp. \* | 624 | 17965 |
| Cleveland-Cliffs, Inc. \* | 39269 | 228938 |
| Coeur Mining, Inc. \* | 5160 | 41693 |
| Commercial Metals Co.  | 5806 | 270502 |
| Compass Minerals International, Inc. \* | 1271 | 24416 |
| Corteva, Inc.  | 15214 | 1077151 |
| CRH PLC  | 12735 | 1160923 |
| Crown Holdings, Inc.  | 4157 | 409464 |
| Dow, Inc.  | 48253 | 1338538 |
| DuPont de Nemours, Inc.  | 19290 | 1288572 |
| Eagle Materials, Inc.  | 691 | 139727 |
| Eastman Chemical Co.  | 6281 | 492242 |
| Ecolab, Inc.  | 2757 | 732314 |
| Ecovyst, Inc. \* | 7126 | 53089 |
| Element Solutions, Inc.  | 4930 | 105403 |
| Ferroglobe PLC  | 2150 | 7805 |
| FMC Corp.  | 6103 | 247538 |
| Freeport-McMoRan, Inc.  | 30159 | 1160518 |
| Graphic Packaging Holding Co.  | 10064 | 223622 |
| Greif, Inc., Class A  | 1978 | 109977 |
| Hawkins, Inc.  | 345 | 46054 |
| HB Fuller Co.  | 1769 | 98746 |
| Hecla Mining Co.  | 9236 | 47473 |
| Huntsman Corp.  | 19298 | 214980 |
| Ingevity Corp. \* | 1931 | 79885 |
| Innospec, Inc.  | 772 | 65682 |
| International Flavors & Fragrances, Inc.  | 5262 | 402859 |
| International Paper Co.  | 21852 | 1044744 |
| Kaiser Aluminum Corp.  | 884 | 64170 |
| Knife River Corp. \* | 1159 | 109062 |
| Koppers Holdings, Inc.  | 1485 | 45619 |
| Linde PLC  | 6556 | 3065454 |
| Louisiana-Pacific Corp.  | 2215 | 199505 |
| LSB Industries, Inc. \* | 872 | 6601 |
| LyondellBasell Industries NV, Class A  | 17709 | 1000381 |
| Magnera Corp. \* | 1119 | 13450 |
| Martin Marietta Materials, Inc.  | 679 | 371786 |
| Materion Corp.  | 515 | 39876 |
| Mativ Holdings, Inc.  | 1859 | 10633 |
| Metallus, Inc. \* | 893 | 11279 |
| Minerals Technologies, Inc.  | 1258 | 71429 |
| Mosaic Co.  | 30395 | 1098475 |
| MP Materials Corp. \* | 1404 | 30593 |
| Myers Industries, Inc.  | 730 | 9264 |
| NewMarket Corp.  | 205 | 132032 |
| Newmont Corp.  | 24501 | 1291693 |
| Nucor Corp.  | 14500 | 1585720 |
| O-I Glass, Inc. \* | 16470 | 215922 |
| Olin Corp.  | 10971 | 212947 |
| Olympic Steel, Inc.  | 488 | 14469 |
| Orion SA  | 3243 | 35316 |
| Packaging Corp. of America  | 2452 | 473653 |
| PPG Industries, Inc.  | 6447 | 714328 |
| Quaker Chemical Corp.  | 329 | 35677 |
| Radius Recycling, Inc., Class A  | 1895 | 56111 |
| Rayonier Advanced Materials, Inc. \* | 1749 | 6734 |
| Reliance, Inc.  | 2788 | 816382 |
| Royal Gold, Inc.  | 597 | 106338 |
| RPM International, Inc.  | 2352 | 267752 |
| Ryerson Holding Corp.  | 5554 | 115301 |
| Scotts Miracle-Gro Co.  | 1470 | 87553 |
| Sealed Air Corp.  | 6018 | 193780 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Sensient Technologies Corp.  | 1172 | 110789 |
| Sherwin-Williams Co.  | 1831 | 656981 |
| Silgan Holdings, Inc.  | 2811 | 154802 |
| Smurfit WestRock PLC  | 4902 | 212404 |
| Sonoco Products Co.  | 5109 | 232664 |
| Southern Copper Corp.  | 1317 | 119728 |
| Steel Dynamics, Inc.  | 7691 | 946531 |
| Stepan Co.  | 1362 | 73943 |
| SunCoke Energy, Inc.  | 1897 | 15442 |
| Sylvamo Corp.  | 1344 | 71192 |
| Tredegar Corp. \* | 892 | 7475 |
| TriMas Corp.  | 1804 | 47571 |
| Trinseo PLC  | 1841 | 5578 |
| Tronox Holdings PLC  | 10904 | 61935 |
| U.S. Steel Corp.  | 17734 | 954444 |
| Vulcan Materials Co.  | 1443 | 382496 |
| Warrior Met Coal, Inc.  | 2370 | 107716 |
| Westlake Corp.  | 1305 | 92694 |
| Worthington Steel, Inc.  | 859 | 21389 |
|  |  | **33215349** |
| **Media & Entertainment 6.7%** | **Media & Entertainment 6.7%** | **Media & Entertainment 6.7%** |
| Advantage Solutions, Inc. \* | 3138 | 3734 |
| Alphabet, Inc., Class A  | 69797 | 11986937 |
| Alphabet, Inc., Class C  | 57171 | 9882007 |
| Altice USA, Inc., Class A \* | 28639 | 66156 |
| AMC Entertainment Holdings, Inc., Class A \* | 5819 | 20716 |
| AMC Networks, Inc., Class A \* | 2578 | 17041 |
| Angi, Inc. \* | 1051 | 16448 |
| Cable One, Inc.  | 286 | 41850 |
| Cargurus, Inc. \* | 1460 | 45756 |
| Cars.com, Inc. \* | 1820 | 18655 |
| Charter Communications, Inc., Class A \* | 7716 | 3057619 |
| Cinemark Holdings, Inc.  | 1800 | 60786 |
| Clear Channel Outdoor Holdings, Inc. \* | 6128 | 6557 |
| Comcast Corp., Class A  | 187650 | 6487061 |
| EchoStar Corp., Class A \* | 3818 | 67693 |
| Electronic Arts, Inc.  | 4993 | 717894 |
| EW Scripps Co., Class A \* | 8832 | 19607 |
| Fox Corp., Class A  | 16187 | 889314 |
| Gannett Co., Inc. \* | 2698 | 9551 |
| Gray Media, Inc.  | 7933 | 31494 |
| IAC, Inc. \* | 2003 | 72028 |
| iHeartMedia, Inc., Class A \* | 8455 | 11076 |
| Interpublic Group of Cos., Inc.  | 13431 | 321807 |
| John Wiley & Sons, Inc., Class A  | 1794 | 70181 |
| Liberty Broadband Corp., Class C \* | 813 | 76259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Formula One, <br> Class C \*<br>| 1500 | 144795 |
| Lionsgate Studios Corp. \* | 9231 | 66740 |
| Live Nation Entertainment, Inc. \* | 266 | 36493 |
| Match Group, Inc.  | 4119 | 123323 |
| Meta Platforms, Inc., Class A  | 21471 | 13902258 |
| Netflix, Inc. \* | 1943 | 2345648 |
| New York Times Co., Class A  | 2223 | 126978 |
| News Corp., Class A  | 13180 | 372203 |
| Nexstar Media Group, Inc.  | 2074 | 353451 |
| Omnicom Group, Inc.  | 6664 | 489404 |
| Paramount Global, Class B *(a)* | 91716 | 1109764 |
| Pinterest, Inc., Class A \* | 2431 | 75628 |
| Roku, Inc. \* | 926 | 67098 |
| Scholastic Corp.  | 2348 | 40550 |
| Shutterstock, Inc.  | 974 | 17970 |
| Sinclair, Inc.  | 2673 | 37502 |
| Sirius XM Holdings, Inc.  | 12567 | 272453 |
| Snap, Inc., Class A \* | 5111 | 42166 |
| Starz Entertainment Corp. \* | 617 | 12932 |
| Take-Two Interactive Software, Inc. \* | 1397 | 316113 |

---

**10**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| TEGNA, Inc.  | 12247 | 204770 |
| Thryv Holdings, Inc. \* | 569 | 7568 |
| TKO Group Holdings, Inc.  | 235 | 37085 |
| Trade Desk, Inc., Class A \* | 493 | 37083 |
| TripAdvisor, Inc. \* | 3099 | 44130 |
| Walt Disney Co.  | 37288 | 4215036 |
| Warner Bros Discovery, Inc. \* | 110317 | 1099860 |
| Warner Music Group Corp., Class A  | 971 | 25557 |
| WideOpenWest, Inc. \* | 1282 | 5397 |
| Yelp, Inc. \* | 2970 | 113365 |
| Ziff Davis, Inc. \* | 2216 | 71887 |
| ZoomInfo Technologies, Inc. \* | 3907 | 37312 |
|  |  | **59850746** |
| **Pharmaceuticals, Biotechnology & Life Sciences 5.3%** | **Pharmaceuticals, Biotechnology & Life Sciences 5.3%** | **Pharmaceuticals, Biotechnology & Life Sciences 5.3%** |
| AbbVie, Inc.  | 26101 | 4857657 |
| Agilent Technologies, Inc.  | 4010 | 448799 |
| Amgen, Inc.  | 11037 | 3180643 |
| Amneal Pharmaceuticals, Inc. \* | 896 | 6559 |
| Avantor, Inc. \* | 12716 | 164164 |
| Azenta, Inc. \* | 733 | 19586 |
| Biogen, Inc. \* | 6223 | 807683 |
| BioMarin Pharmaceutical, Inc. \* | 1248 | 72471 |
| Bio-Rad Laboratories, Inc., Class A \* | 421 | 95537 |
| Bio-Techne Corp.  | 1166 | 56434 |
| Bristol-Myers Squibb Co.  | 80794 | 3900734 |
| Bruker Corp.  | 1501 | 55087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories International, <br> Inc. \*<br>| 882 | 119626 |
| Collegium Pharmaceutical, Inc. \* | 226 | 6586 |
| Corcept Therapeutics, Inc. \* | 928 | 71976 |
| Danaher Corp.  | 6369 | 1209473 |
| Elanco Animal Health, Inc. \* | 12772 | 171656 |
| Eli Lilly & Co.  | 2147 | 1583777 |
| Emergent BioSolutions, Inc. \* | 1729 | 10927 |
| Exact Sciences Corp. \* | 790 | 44461 |
| Exelixis, Inc. \* | 3409 | 146723 |
| Fortrea Holdings, Inc. \* | 2209 | 9499 |
| Gilead Sciences, Inc.  | 33298 | 3665444 |
| GRAIL, Inc. \* | 67 | 2573 |
| Halozyme Therapeutics, Inc. \* | 835 | 46818 |
| Illumina, Inc. \* | 1744 | 143427 |
| Incyte Corp. \* | 2167 | 140985 |
| Innoviva, Inc. \* | 557 | 10900 |
| IQVIA Holdings, Inc. \* | 3008 | 422113 |
| Ironwood Pharmaceuticals, Inc. \* | 8162 | 4890 |
| Jazz Pharmaceuticals PLC \* | 1465 | 158322 |
| Johnson & Johnson  | 55159 | 8561228 |
| Medpace Holdings, Inc. \* | 128 | 37747 |
| Merck & Co., Inc.  | 47909 | 3681328 |
| Mettler-Toledo International, Inc. \* | 232 | 268081 |
| Moderna, Inc. \* | 15222 | 404296 |
| Myriad Genetics, Inc. \* | 1377 | 5770 |
| Neurocrine Biosciences, Inc. \* | 518 | 63724 |
| Organon & Co.  | 23926 | 220598 |
| Pacira BioSciences, Inc. \* | 313 | 8088 |
| Pfizer, Inc.  | 273313 | 6420122 |
| Prestige Consumer Healthcare, Inc. \* | 879 | 75304 |
| Regeneron Pharmaceuticals, Inc.  | 1456 | 713848 |
| Repligen Corp. \* | 238 | 28101 |
| Revvity, Inc.  | 2226 | 201275 |
| Royalty Pharma PLC, Class A  | 5326 | 175119 |
| Sotera Health Co. \* | 596 | 7295 |
| Supernus Pharmaceuticals, Inc. \* | 971 | 30781 |
| Thermo Fisher Scientific, Inc.  | 4705 | 1895268 |
| United Therapeutics Corp. \* | 502 | 160063 |
| Vertex Pharmaceuticals, Inc. \* | 1523 | 673242 |
| Viatris, Inc.  | 77430 | 680610 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Vir Biotechnology, Inc. \* | 2860 | 14128 |
| Waters Corp. \* | 813 | 283932 |
| West Pharmaceutical Services, Inc.  | 752 | 158559 |
| Zoetis, Inc.  | 4173 | 703693 |
|  |  | **47107730** |
| **Real Estate Management & Development 0.3%** | **Real Estate Management & Development 0.3%** | **Real Estate Management & Development 0.3%** |
| Anywhere Real Estate, Inc. \* | 9153 | 31944 |
| CBRE Group, Inc., Class A \* | 7739 | 967530 |
| Compass, Inc., Class A \* | 16282 | 96227 |
| CoStar Group, Inc. \* | 1845 | 135718 |
| Cushman & Wakefield PLC \* | 11459 | 114934 |
| eXp World Holdings, Inc.  | 5245 | 44687 |
| Howard Hughes Holdings, Inc. \* | 417 | 28485 |
| Jones Lang LaSalle, Inc. \* | 2329 | 518668 |
| Kennedy-Wilson Holdings, Inc.  | 4859 | 30952 |
| Marcus & Millichap, Inc.  | 1012 | 29156 |
| Newmark Group, Inc., Class A  | 4776 | 52584 |
| Opendoor Technologies, Inc. \* | 39732 | 25913 |
| Zillow Group, Inc., Class C \* | 2058 | 138112 |
|  |  | **2214910** |
| **Semiconductors & Semiconductor Equipment 3.8%** | **Semiconductors & Semiconductor Equipment 3.8%** | **Semiconductors & Semiconductor Equipment 3.8%** |
| Advanced Micro Devices, Inc. \* | 8046 | 890934 |
| Allegro MicroSystems, Inc. \* | 377 | 9557 |
| Alpha & Omega Semiconductor Ltd. \* | 194 | 4117 |
| Amkor Technology, Inc.  | 5605 | 101002 |
| Analog Devices, Inc.  | 6016 | 1287304 |
| Applied Materials, Inc.  | 11931 | 1870184 |
| Axcelis Technologies, Inc. \* | 519 | 29240 |
| Broadcom, Inc.  | 23088 | 5588912 |
| Cirrus Logic, Inc. \* | 1260 | 123934 |
| Cohu, Inc. \* | 1700 | 29019 |
| Diodes, Inc. \* | 1806 | 80186 |
| Enphase Energy, Inc. \* | 860 | 35595 |
| Entegris, Inc.  | 1223 | 84069 |
| First Solar, Inc. \* | 895 | 141482 |
| FormFactor, Inc. \* | 1184 | 35342 |
| GLOBALFOUNDRIES, Inc. \* | 1428 | 51122 |
| Ichor Holdings Ltd. \* | 1143 | 18036 |
| Intel Corp.  | 358397 | 7006661 |
| KLA Corp.  | 1160 | 877981 |
| Lam Research Corp.  | 19064 | 1540181 |
| Lattice Semiconductor Corp. \* | 820 | 36851 |
| &nbsp;&nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, <br> Inc. \*<br>| 56 | 6810 |
| Marvell Technology, Inc.  | 3821 | 229986 |
| MaxLinear, Inc. \* | 2199 | 25047 |
| Microchip Technology, Inc.  | 9253 | 537044 |
| Micron Technology, Inc.  | 29553 | 2791576 |
| MKS, Inc.  | 1451 | 119258 |
| Monolithic Power Systems, Inc.  | 142 | 93990 |
| NVIDIA Corp.  | 19278 | 2605036 |
| ON Semiconductor Corp. \* | 7184 | 301872 |
| Onto Innovation, Inc. \* | 314 | 28869 |
| Penguin Solutions, Inc. \* | 1701 | 30210 |
| Photronics, Inc. \* | 2217 | 37046 |
| Power Integrations, Inc.  | 1138 | 56593 |
| Qorvo, Inc. \* | 4907 | 373030 |
| QUALCOMM, Inc.  | 21202 | 3078530 |
| Rambus, Inc. \* | 612 | 32724 |
| Semtech Corp. \* | 1085 | 40503 |
| Silicon Laboratories, Inc. \* | 977 | 117758 |
| Skyworks Solutions, Inc.  | 5385 | 371727 |
| Synaptics, Inc. \* | 883 | 51885 |
| Teradyne, Inc.  | 3106 | 244132 |
| Texas Instruments, Inc.  | 14075 | 2573614 |

---

**11**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Ultra Clean Holdings, Inc. \* | 1633 | 31631 |
| Universal Display Corp.  | 344 | 49312 |
| Wolfspeed, Inc. \**(a)* | 1112 | 1323 |
|  |  | **33671215** |
| **Software & Services 5.5%** | **Software & Services 5.5%** | **Software & Services 5.5%** |
| Accenture PLC, Class A  | 9426 | 2986345 |
| ACI Worldwide, Inc. \* | 1751 | 81001 |
| Adobe, Inc. \* | 3931 | 1631719 |
| Akamai Technologies, Inc. \* | 3492 | 265148 |
| Alarm.com Holdings, Inc. \* | 463 | 26576 |
| Amdocs Ltd.  | 4241 | 389154 |
| ANSYS, Inc. \* | 539 | 178312 |
| AppLovin Corp., Class A \* | 331 | 130083 |
| ASGN, Inc. \* | 2158 | 113964 |
| Autodesk, Inc. \* | 977 | 289309 |
| Bentley Systems, Inc., Class B  | 733 | 34986 |
| Blackbaud, Inc. \* | 495 | 30804 |
| Cadence Design Systems, Inc. \* | 1099 | 315490 |
| CCC Intelligent Solutions Holdings, Inc. \* | 993 | 8719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., <br> Class A <br>| 19847 | 1607409 |
| Commvault Systems, Inc. \* | 366 | 67033 |
| Consensus Cloud Solutions, Inc. \* | 260 | 5712 |
| Crowdstrike Holdings, Inc., Class A \* | 20 | 9427 |
| Datadog, Inc., Class A \* | 55 | 6483 |
| DigitalOcean Holdings, Inc. \* | 163 | 4613 |
| Docusign, Inc. \* | 87 | 7709 |
| Dolby Laboratories, Inc., Class A  | 1348 | 100103 |
| Dropbox, Inc., Class A \* | 5578 | 160981 |
| DXC Technology Co. \* | 22432 | 340966 |
| Dynatrace, Inc. \* | 630 | 34026 |
| EPAM Systems, Inc. \* | 921 | 160705 |
| Fair Isaac Corp. \* | 79 | 136376 |
| Fortinet, Inc. \* | 3192 | 324882 |
| Gartner, Inc. \* | 551 | 240467 |
| Gen Digital, Inc.  | 11740 | 334355 |
| Globant SA \* | 90 | 8828 |
| GoDaddy, Inc., Class A \* | 1213 | 220948 |
| Guidewire Software, Inc. \* | 222 | 47734 |
| HubSpot, Inc. \* | 9 | 5309 |
| InterDigital, Inc.  | 348 | 75607 |
| International Business Machines Corp.  | 18495 | 4791315 |
| Intuit, Inc.  | 1514 | 1140754 |
| Kyndryl Holdings, Inc. \* | 10054 | 392508 |
| LiveRamp Holdings, Inc. \* | 2291 | 74641 |
| Manhattan Associates, Inc. \* | 270 | 50971 |
| Microsoft Corp.  | 53534 | 24644912 |
| NCR Voyix Corp. \* | 8600 | 95374 |
| Okta, Inc. \* | 432 | 44569 |
| Oracle Corp.  | 20534 | 3398993 |
| Palantir Technologies, Inc., Class A \* | 1178 | 155237 |
| Palo Alto Networks, Inc. \* | 1299 | 249954 |
| Progress Software Corp.  | 664 | 40876 |
| PTC, Inc. \* | 483 | 81299 |
| Qualys, Inc. \* | 359 | 49739 |
| RingCentral, Inc., Class A \* | 1156 | 29975 |
| Roper Technologies, Inc.  | 864 | 492713 |
| Salesforce, Inc.  | 4421 | 1173201 |
| ServiceNow, Inc. \* | 215 | 217384 |
| Snowflake, Inc., Class A \* | 232 | 47715 |
| SPS Commerce, Inc. \* | 163 | 22944 |
| Synopsys, Inc. \* | 586 | 271892 |
| Teradata Corp. \* | 3925 | 86193 |
| Twilio, Inc., Class A \* | 1265 | 148891 |
| Tyler Technologies, Inc. \* | 147 | 84818 |
| Unisys Corp. \* | 913 | 4355 |
| Unity Software, Inc. \* | 895 | 23342 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Verint Systems, Inc. \* | 1181 | 20715 |
| VeriSign, Inc.  | 803 | 218793 |
| Workday, Inc., Class A \* | 397 | 98341 |
| Zoom Communications, Inc., Class A \* | 2120 | 172250 |
|  |  | **48705947** |
| **Technology Hardware & Equipment 6.4%** | **Technology Hardware & Equipment 6.4%** | **Technology Hardware & Equipment 6.4%** |
| Advanced Energy Industries, Inc.  | 706 | 81035 |
| Amphenol Corp., Class A  | 9778 | 879336 |
| Apple, Inc.  | 162804 | 32699183 |
| Arista Networks, Inc. \* | 2759 | 239040 |
| Arrow Electronics, Inc. \* | 6324 | 748635 |
| Avnet, Inc.  | 12063 | 603271 |
| Badger Meter, Inc.  | 189 | 46914 |
| Belden, Inc.  | 859 | 91226 |
| Benchmark Electronics, Inc.  | 2215 | 80892 |
| Calix, Inc. \* | 860 | 39766 |
| CDW Corp.  | 2489 | 448916 |
| Ciena Corp. \* | 3572 | 285974 |
| Cisco Systems, Inc.  | 113254 | 7139532 |
| Cognex Corp.  | 2811 | 84246 |
| Coherent Corp. \* | 2184 | 165176 |
| CommScope Holding Co., Inc. \* | 6765 | 40861 |
| Corning, Inc.  | 21160 | 1049324 |
| Crane NXT Co.  | 947 | 50769 |
| CTS Corp.  | 711 | 28931 |
| Dell Technologies, Inc., Class C  | 3637 | 404689 |
| ePlus, Inc. \* | 884 | 63091 |
| F5, Inc. \* | 969 | 276533 |
| Flex Ltd. \* | 11905 | 503581 |
| Hewlett Packard Enterprise Co.  | 76957 | 1329817 |
| HP, Inc.  | 48625 | 1210762 |
| Ingram Micro Holding Corp.  | 582 | 11134 |
| Insight Enterprises, Inc. \* | 1185 | 154512 |
| IPG Photonics Corp. \* | 1261 | 83554 |
| Itron, Inc. \* | 725 | 83810 |
| Jabil, Inc.  | 4103 | 689345 |
| Juniper Networks, Inc.  | 9943 | 357252 |
| Keysight Technologies, Inc. \* | 2413 | 378937 |
| Kimball Electronics, Inc. \* | 613 | 11095 |
| Knowles Corp. \* | 2663 | 43700 |
| Littelfuse, Inc.  | 531 | 108887 |
| Lumentum Holdings, Inc. \* | 1838 | 132851 |
| Methode Electronics, Inc.  | 1362 | 10828 |
| Motorola Solutions, Inc.  | 1087 | 451518 |
| NetApp, Inc.  | 4229 | 419348 |
| NETGEAR, Inc. \* | 381 | 11175 |
| NetScout Systems, Inc. \* | 3262 | 74504 |
| Novanta, Inc. \* | 225 | 27859 |
| OSI Systems, Inc. \* | 371 | 81290 |
| PC Connection, Inc.  | 818 | 53497 |
| Plexus Corp. \* | 911 | 119578 |
| Pure Storage, Inc., Class A \* | 819 | 43890 |
| Rogers Corp. \* | 562 | 37412 |
| Sandisk Corp. \* | 4434 | 167117 |
| Sanmina Corp. \* | 3302 | 279646 |
| ScanSource, Inc. \* | 656 | 26489 |
| Seagate Technology Holdings PLC  | 6683 | 788193 |
| Super Micro Computer, Inc. \* | 2853 | 114177 |
| TD SYNNEX Corp.  | 2820 | 342179 |
| TE Connectivity PLC  | 6669 | 1067507 |
| Teledyne Technologies, Inc. \* | 552 | 275371 |
| Trimble, Inc. \* | 3783 | 269614 |
| TTM Technologies, Inc. \* | 4893 | 146105 |
| Viasat, Inc. \* | 8657 | 75576 |
| Viavi Solutions, Inc. \* | 7525 | 68553 |
| Vishay Intertechnology, Inc.  | 8522 | 119905 |
| Vontier Corp.  | 3095 | 110646 |

---

**12**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Western Digital Corp. \* | 13299 | 685563 |
| Xerox Holdings Corp.  | 28713 | 140407 |
| Zebra Technologies Corp., Class A \* | 843 | 244276 |
|  |  | **56898800** |
| **Telecommunication Services 3.1%** | **Telecommunication Services 3.1%** | **Telecommunication Services 3.1%** |
| AT&T, Inc.  | 421682 | 11722760 |
| Cogent Communications Holdings, Inc.  | 655 | 29940 |
| Frontier Communications Parent, Inc. \* | 10403 | 376901 |
| GCI Liberty, Inc. \**(c)* | 188 | 0 |
| IDT Corp., Class B  | 153 | 9423 |
| IHS Holding Ltd. \* | 3150 | 17482 |
| Iridium Communications, Inc.  | 2282 | 57963 |
| Liberty Global Ltd., Class C \* | 40601 | 401138 |
| Liberty Latin America Ltd., Class C \* | 20183 | 100915 |
| Lumen Technologies, Inc. \* | 387403 | 1518620 |
| Shenandoah Telecommunications Co.  | 535 | 6730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrise Communications AG, Class A, <br> ADR \*<br>| 6373 | 326999 |
| Telephone & Data Systems, Inc.  | 9329 | 320544 |
| T-Mobile U.S., Inc.  | 8143 | 1972235 |
| U.S. Cellular Corp. \* | 615 | 38112 |
| Verizon Communications, Inc.  | 234887 | 10325632 |
|  |  | **27225394** |
| **Transportation 2.0%** | **Transportation 2.0%** | **Transportation 2.0%** |
| Alaska Air Group, Inc. \* | 4454 | 226842 |
| Allegiant Travel Co. \* | 1082 | 60138 |
| American Airlines Group, Inc. \* | 12800 | 146048 |
| ArcBest Corp.  | 1309 | 82061 |
| Avis Budget Group, Inc. \* | 3527 | 429553 |
| CH Robinson Worldwide, Inc.  | 5908 | 566991 |
| Covenant Logistics Group, Inc., Class A  | 222 | 5039 |
| CSX Corp.  | 55130 | 1741557 |
| Delta Air Lines, Inc.  | 3448 | 166849 |
| Expeditors International of Washington, Inc.  | 5885 | 663416 |
| FedEx Corp.  | 9925 | 2164642 |
| Forward Air Corp. \* | 3099 | 52001 |
| Genco Shipping & Trading Ltd.  | 826 | 10936 |
| Global Ship Lease, Inc., Class A  | 473 | 11754 |
| GXO Logistics, Inc. \* | 3861 | 158842 |
| Heartland Express, Inc.  | 2960 | 26492 |
| Hertz Global Holdings, Inc. \**(a)* | 54560 | 357368 |
| Hub Group, Inc., Class A  | 4054 | 136660 |
| JB Hunt Transport Services, Inc.  | 2579 | 358094 |
| JetBlue Airways Corp. \* | 24131 | 121862 |
| Kirby Corp. \* | 1015 | 112300 |
| Knight-Swift Transportation Holdings, Inc.  | 7586 | 336212 |
| Landstar System, Inc.  | 1419 | 194715 |
| Lyft, Inc., Class A \* | 1507 | 22967 |
| Marten Transport Ltd.  | 3394 | 44258 |
| Matson, Inc.  | 1647 | 185864 |
| Norfolk Southern Corp.  | 6660 | 1645819 |
| Old Dominion Freight Line, Inc.  | 2444 | 391455 |
| RXO, Inc. \* | 4542 | 70537 |
| Ryder System, Inc.  | 3263 | 480085 |
| Saia, Inc. \* | 327 | 86462 |
| Schneider National, Inc., Class B  | 2653 | 61470 |
| SkyWest, Inc. \* | 1643 | 166682 |
| Southwest Airlines Co.  | 6069 | 202583 |
| Sun Country Airlines Holdings, Inc. \* | 394 | 4563 |
| Uber Technologies, Inc. \* | 4268 | 359195 |
| U-Haul Holding Co., Non Voting Shares  | 2977 | 169808 |
| Union Pacific Corp.  | 13051 | 2892885 |
| United Airlines Holdings, Inc. \* | 2290 | 181929 |
| United Parcel Service, Inc., Class B  | 25096 | 2447864 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Werner Enterprises, Inc.  | 4678 | 121394 |
| XPO, Inc. \* | 1061 | 120774 |
|  |  | **17786966** |
| **Utilities 3.7%** | **Utilities 3.7%** | **Utilities 3.7%** |
| AES Corp.  | 41172 | 415425 |
| ALLETE, Inc.  | 1738 | 113039 |
| Alliant Energy Corp.  | 6072 | 377861 |
| Ameren Corp.  | 6737 | 652681 |
| American Electric Power Co., Inc.  | 14298 | 1479700 |
| American States Water Co.  | 545 | 42984 |
| American Water Works Co., Inc.  | 2979 | 425908 |
| Atmos Energy Corp.  | 2424 | 374944 |
| Avista Corp.  | 2980 | 114760 |
| Black Hills Corp.  | 2632 | 153893 |
| California Water Service Group  | 1128 | 53298 |
| CenterPoint Energy, Inc.  | 18663 | 695010 |
| Chesapeake Utilities Corp.  | 381 | 46554 |
| Clearway Energy, Inc., Class C  | 2600 | 80002 |
| CMS Energy Corp.  | 7558 | 530798 |
| Consolidated Edison, Inc.  | 11081 | 1157854 |
| Constellation Energy Corp.  | 2953 | 904061 |
| Dominion Energy, Inc.  | 26786 | 1517963 |
| DTE Energy Co.  | 5145 | 703064 |
| Duke Energy Corp.  | 22971 | 2704146 |
| Edison International  | 12778 | 711096 |
| Entergy Corp.  | 12436 | 1035670 |
| Essential Utilities, Inc.  | 4524 | 174310 |
| Evergy, Inc.  | 9675 | 642517 |
| Eversource Energy  | 12118 | 785368 |
| Exelon Corp.  | 38942 | 1706438 |
| FirstEnergy Corp.  | 18570 | 778826 |
| H2O America  | 708 | 37156 |
| Hawaiian Electric Industries, Inc. \* | 12637 | 134963 |
| IDACORP, Inc.  | 1228 | 146071 |
| MDU Resources Group, Inc.  | 6231 | 107111 |
| MGE Energy, Inc.  | 595 | 53740 |
| National Fuel Gas Co.  | 2871 | 236972 |
| New Jersey Resources Corp.  | 2611 | 119819 |
| NextEra Energy, Inc.  | 28909 | 2042132 |
| NiSource, Inc.  | 10691 | 422722 |
| Northwest Natural Holding Co.  | 1548 | 63422 |
| Northwestern Energy Group, Inc.  | 2207 | 122113 |
| NRG Energy, Inc.  | 6951 | 1083661 |
| OGE Energy Corp.  | 6198 | 275625 |
| ONE Gas, Inc.  | 1840 | 137558 |
| Ormat Technologies, Inc.  | 877 | 65187 |
| Otter Tail Corp.  | 944 | 72858 |
| PG&E Corp.  | 25318 | 427368 |
| Pinnacle West Capital Corp.  | 3942 | 359629 |
| Portland General Electric Co.  | 3906 | 165614 |
| PPL Corp.  | 25643 | 891094 |
| Public Service Enterprise Group, Inc.  | 10058 | 815000 |
| Sempra  | 12803 | 1006188 |
| Southern Co.  | 25114 | 2260260 |
| Southwest Gas Holdings, Inc.  | 2166 | 155584 |
| Spire, Inc.  | 1980 | 149054 |
| Talen Energy Corp. \* | 75 | 18296 |
| TXNM Energy, Inc.  | 2986 | 169276 |
| UGI Corp.  | 17209 | 620557 |
| Unitil Corp.  | 123 | 6744 |
| Vistra Corp.  | 5073 | 814572 |
| WEC Energy Group, Inc.  | 7363 | 791081 |
| Xcel Energy, Inc.  | 16092 | 1128049 |
|  |  | **33277646** |
| **Total Common Stocks**<br> **(Cost $693,057,844)** | **Total Common Stocks**<br> **(Cost $693,057,844)** | **889990033** |

---

**13**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **INVESTMENT COMPANIES** 0.0% OF NET ASSETS | **INVESTMENT COMPANIES** 0.0% OF NET ASSETS | **INVESTMENT COMPANIES** 0.0% OF NET ASSETS |
| **Equity Funds 0.0%** | **Equity Funds 0.0%** | **Equity Funds 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; iShares Core S&P Total U.S. Stock Market <br> ETF <br>| 1500 | **193050** |
| **Total Investment Companies**<br> **(Cost $145,083)** | **Total Investment Companies**<br> **(Cost $145,083)** | **193050** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.3% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.3% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.3% OF NET ASSETS |
| **Money Market Funds 0.3%** | **Money Market Funds 0.3%** | **Money Market Funds 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 4.27% *(d)*<br>| 567673 | 567673 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 4.27% *(d)(e)*<br>| 1648560 | 1648560 |
|  |  | **2216233** |
| **Total Short-Term Investments**<br> **(Cost $2,216,233)** | **Total Short-Term Investments**<br> **(Cost $2,216,233)** | **2216233** |
| **Total Investments in Securities**<br> **(Cost $695,419,160)** | **Total Investments in Securities**<br> **(Cost $695,419,160)** | **892399316** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index, e-mini, expires <br> 06/20/25<br>| 5 | 1479000 | **13711** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $1,588,263. 

*(b)* Issuer is affiliated with the fund's investment adviser.

*(c)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

ADR — American Depositary Receipt <br> ETF — Exchange-Traded Fund <br> REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Below is a summary of the fund's transactions with affiliated issuers and companies which are or were affiliates during the period ended May 31, 2025. An affiliated company is a company in which the investment adviser has or had an ownership of at least 5% of the voting securities of a security issue during the report period. A dash in the Value at February 28, 2025, and/or Value and Balance of Shares Held at May 31, 2025, columns means either the issuer was not held or not held as an affiliate on the stated date.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 2/28/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 5/31/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 5/31/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.1% OF NET ASSETS | **COMMON STOCKS** 0.1% OF NET ASSETS | **COMMON STOCKS** 0.1% OF NET ASSETS | **COMMON STOCKS** 0.1% OF NET ASSETS | **COMMON STOCKS** 0.1% OF NET ASSETS | **COMMON STOCKS** 0.1% OF NET ASSETS | **COMMON STOCKS** 0.1% OF NET ASSETS | **COMMON STOCKS** 0.1% OF NET ASSETS | **COMMON STOCKS** 0.1% OF NET ASSETS |
| **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** |
| Cracker Barrel Old Country Store, Inc. | $106114 | $11494 | ($1551)<br>| $515 | $32370 | $— |  | $647 |
| **Financial Services 0.1%** | **Financial Services 0.1%** | **Financial Services 0.1%** | **Financial Services 0.1%** | **Financial Services 0.1%** | **Financial Services 0.1%** | **Financial Services 0.1%** | **Financial Services 0.1%** | **Financial Services 0.1%** |
| Charles Schwab Corp. | 1084232 | 72602 | (17116)<br>| 9126 | 118305 | 1267149 | 14344 | 3871 |
| **Total** | **$1190346** | **$84096** | **($18667)**<br>| **$9641** | **$150675** | **$1267149** |  | **$4518** |

---

------

The following is a summary of the inputs used to value the fund's investments as of May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks <sup>1</sup> <br>| $812447935 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $812447935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Services | 50316704 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 50316704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 27225394 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 27225394 |
| Investment Companies <sup>1</sup> <br>| 193050 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 193050 |

---

**14**

------

Schwab Fundamental U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| Short-Term Investments <sup>1</sup> <br>| $2216233 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2216233 |
| Futures Contracts <sup>2</sup> <br>| 13711 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13711 |
| **Total** | **$892413027** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$892413027** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at May 31, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**15**

------

Schwab Strategic Trust

Schwab Fundamental U.S. Large Company ETF

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS |
| **Automobiles & Components 1.8%** | **Automobiles & Components 1.8%** | **Automobiles & Components 1.8%** |
| Adient PLC \* | 237849 | 3708066 |
| Aptiv PLC \* | 27443 | 1833467 |
| BorgWarner, Inc.  | 336416 | 11132005 |
| Dana, Inc.  | 370862 | 6167435 |
| Ford Motor Co.  | 7119600 | 73901448 |
| General Motors Co.  | 2319968 | 115093613 |
| Gentex Corp.  | 182250 | 3931133 |
| Goodyear Tire & Rubber Co. \* | 950737 | 10847909 |
| Harley-Davidson, Inc.  | 140788 | 3408477 |
| Lear Corp.  | 125669 | 11362991 |
| Tesla, Inc. \* | 186506 | 64616869 |
| Thor Industries, Inc.  | 85892 | 6973571 |
|  |  | **312976984** |
| **Banks 6.4%** | **Banks 6.4%** | **Banks 6.4%** |
| Bank of America Corp.  | 4405867 | 194430911 |
| Citigroup, Inc.  | 2319796 | 174727035 |
| Citizens Financial Group, Inc.  | 348445 | 14059756 |
| Comerica, Inc.  | 146881 | 8385436 |
| East West Bancorp, Inc.  | 51175 | 4667160 |
| Fifth Third Bancorp  | 397993 | 15199353 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Citizens BancShares, Inc., <br> Class A <br>| 2190 | 4049047 |
| First Horizon Corp.  | 267077 | 5309491 |
| Flagstar Financial, Inc.  | 363116 | 4183096 |
| Huntington Bancshares, Inc.  | 753311 | 11774251 |
| JPMorgan Chase & Co.  | 1284695 | 339159480 |
| KeyCorp  | 818329 | 12978698 |
| M&T Bank Corp.  | 71982 | 13146792 |
| PNC Financial Services Group, Inc.  | 234212 | 40708388 |
| Regions Financial Corp.  | 564609 | 12105217 |
| Synovus Financial Corp.  | 77975 | 3729544 |
| Truist Financial Corp.  | 857516 | 33871882 |
| U.S. Bancorp  | 1073205 | 46781006 |
| Webster Financial Corp.  | 15904 | 818738 |
| Wells Fargo & Co.  | 2658757 | 198821848 |
| Zions Bancorp NA  | 147987 | 7008664 |
|  |  | **1145915793** |
| **Capital Goods 6.6%** | **Capital Goods 6.6%** | **Capital Goods 6.6%** |
| 3M Co.  | 390587 | 57943581 |
| A.O. Smith Corp.  | 63292 | 4070309 |
| Acuity, Inc.  | 19547 | 5080070 |
| AECOM  | 77531 | 8516780 |
| AGCO Corp.  | 81554 | 7990661 |
| Air Lease Corp.  | 77461 | 4462528 |
| Allison Transmission Holdings, Inc.  | 57586 | 5961303 |
| AMETEK, Inc.  | 53445 | 9552759 |
| Atkore, Inc.  | 14132 | 919993 |
| Boeing Co. \* | 124073 | 25722814 |
| Boise Cascade Co.  | 54332 | 4720364 |
| Builders FirstSource, Inc. \* | 106099 | 11424740 |
| Carlisle Cos., Inc.  | 18301 | 6957674 |
| Carrier Global Corp.  | 273152 | 19448422 |
| Caterpillar, Inc.  | 187473 | 65246228 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| CNH Industrial NV  | 226933 | 2838932 |
| Cummins, Inc.  | 81948 | 26344643 |
| Curtiss-Wright Corp.  | 8681 | 3820595 |
| Deere & Co.  | 122701 | 62118608 |
| Donaldson Co., Inc.  | 53150 | 3696583 |
| Dover Corp.  | 55259 | 9822287 |
| Eaton Corp. PLC  | 97147 | 31106469 |
| EMCOR Group, Inc.  | 17465 | 8241035 |
| Emerson Electric Co.  | 225646 | 26937620 |
| Everus Construction Group, Inc. \* | 19352 | 1120674 |
| Fastenal Co.  | 338224 | 13982180 |
| Ferguson Enterprises, Inc.  | 27893 | 5086010 |
| Fluor Corp. \* | 107224 | 4458374 |
| Fortive Corp.  | 93756 | 6580734 |
| Fortune Brands Innovations, Inc.  | 90918 | 4582267 |
| Gates Industrial Corp. PLC \* | 39840 | 842616 |
| GE Vernova, Inc.  | 5690 | 2691256 |
| Generac Holdings, Inc. \* | 25493 | 3113460 |
| General Dynamics Corp.  | 132423 | 36878481 |
| General Electric Co.  | 123188 | 30293161 |
| Graco, Inc.  | 48836 | 4134456 |
| Honeywell International, Inc.  | 304791 | 69086976 |
| Howmet Aerospace, Inc.  | 79411 | 13491135 |
| Hubbell, Inc.  | 14027 | 5464639 |
| Huntington Ingalls Industries, Inc.  | 38279 | 8538514 |
| IDEX Corp.  | 23645 | 4277617 |
| Illinois Tool Works, Inc.  | 103985 | 25484644 |
| Ingersoll Rand, Inc.  | 71661 | 5850404 |
| ITT, Inc.  | 31004 | 4667342 |
| Johnson Controls International PLC  | 311008 | 31526881 |
| L3Harris Technologies, Inc.  | 126886 | 31003325 |
| Lennox International, Inc.  | 5194 | 2931753 |
| Lincoln Electric Holdings, Inc.  | 19808 | 3834631 |
| Lockheed Martin Corp.  | 144768 | 69833188 |
| Masco Corp.  | 115526 | 7211133 |
| MasTec, Inc. \* | 35922 | 5601318 |
| Middleby Corp. \* | 25973 | 3795435 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., <br> Class A <br>| 11337 | 920564 |
| Mueller Industries, Inc.  | 60217 | 4689098 |
| Nordson Corp.  | 15908 | 3372337 |
| Northrop Grumman Corp.  | 79509 | 38543578 |
| nVent Electric PLC  | 53757 | 3537211 |
| Oshkosh Corp.  | 60357 | 5986811 |
| Otis Worldwide Corp.  | 99208 | 9459483 |
| Owens Corning  | 61763 | 8273154 |
| PACCAR, Inc.  | 257250 | 24142913 |
| Parker-Hannifin Corp.  | 29047 | 19307541 |
| Pentair PLC  | 55852 | 5539401 |
| Quanta Services, Inc.  | 36774 | 12597301 |
| Regal Rexnord Corp.  | 36003 | 4804240 |
| Resideo Technologies, Inc. \* | 187673 | 3884831 |
| Rockwell Automation, Inc.  | 40287 | 12712563 |
| RTX Corp.  | 530463 | 72397590 |
| Rush Enterprises, Inc., Class A  | 75836 | 3765257 |
| Sensata Technologies Holding PLC  | 142614 | 3716521 |
| Snap-on, Inc.  | 27907 | 8951170 |
| Stanley Black & Decker, Inc.  | 155165 | 10152446 |
| Textron, Inc.  | 129042 | 9552979 |
| Timken Co.  | 49535 | 3392652 |
| Toro Co.  | 50402 | 3819464 |

---

**16**

------

Schwab Fundamental U.S. Large Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| TransDigm Group, Inc.  | 8199 | 12039658 |
| UFP Industries, Inc.  | 60482 | 5900624 |
| United Rentals, Inc.  | 25872 | 18327207 |
| Watsco, Inc.  | 11704 | 5191543 |
| WESCO International, Inc.  | 44204 | 7421410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. <br>| 56357 | 11402148 |
| WillScot Holdings Corp.  | 26315 | 709189 |
| WW Grainger, Inc.  | 12553 | 13652141 |
| Xylem, Inc.  | 49602 | 6251836 |
|  |  | **1173722463** |
| **Commercial & Professional Services 1.1%** | **Commercial & Professional Services 1.1%** | **Commercial & Professional Services 1.1%** |
| ABM Industries, Inc.  | 80105 | 4217528 |
| Amentum Holdings, Inc. \* | 38959 | 804894 |
| Automatic Data Processing, Inc.  | 88832 | 28917481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp., <br> Class A <br>| 39849 | 4233956 |
| Broadridge Financial Solutions, Inc.  | 27140 | 6590406 |
| CACI International, Inc., Class A \* | 11805 | 5052540 |
| Cintas Corp.  | 62571 | 14172331 |
| Concentrix Corp.  | 79097 | 4426664 |
| Copart, Inc. \* | 97023 | 4994744 |
| Equifax, Inc.  | 22331 | 5899627 |
| Genpact Ltd.  | 110682 | 4764860 |
| Jacobs Solutions, Inc.  | 74248 | 9377522 |
| KBR, Inc.  | 62724 | 3273566 |
| Leidos Holdings, Inc.  | 73341 | 10892605 |
| ManpowerGroup, Inc.  | 153322 | 6431858 |
| Maximus, Inc.  | 13468 | 976565 |
| Paychex, Inc.  | 80719 | 12746337 |
| Republic Services, Inc.  | 52970 | 13628651 |
| Robert Half, Inc.  | 116823 | 5349325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Science Applications International <br> Corp. <br>| 42414 | 4900514 |
| SS&C Technologies Holdings, Inc.  | 91600 | 7402196 |
| TransUnion  | 48032 | 4112980 |
| Veralto Corp.  | 14663 | 1481403 |
| Verisk Analytics, Inc.  | 29083 | 9136134 |
| Waste Management, Inc.  | 123513 | 29762928 |
|  |  | **203547615** |
| **Consumer Discretionary Distribution & Retail 4.4%** | **Consumer Discretionary Distribution & Retail 4.4%** | **Consumer Discretionary Distribution & Retail 4.4%** |
| Academy Sports & Outdoors, Inc.  | 93132 | 3810030 |
| Advance Auto Parts, Inc.  | 172064 | 8247028 |
| Amazon.com, Inc. \* | 1357966 | 278396610 |
| American Eagle Outfitters, Inc.  | 67989 | 745159 |
| Asbury Automotive Group, Inc. \* | 23001 | 5242158 |
| AutoNation, Inc. \* | 57795 | 10625611 |
| AutoZone, Inc. \* | 3522 | 13147767 |
| Bath & Body Works, Inc.  | 181098 | 5092476 |
| Best Buy Co., Inc.  | 305008 | 20215930 |
| Burlington Stores, Inc. \* | 16606 | 3790652 |
| CarMax, Inc. \* | 151866 | 9789282 |
| Dick's Sporting Goods, Inc.  | 34385 | 6166606 |
| eBay, Inc.  | 435249 | 31847169 |
| Foot Locker, Inc. \* | 306571 | 7284127 |
| Gap, Inc.  | 244636 | 5457829 |
| Genuine Parts Co.  | 93240 | 11796725 |
| Group 1 Automotive, Inc.  | 21751 | 9220684 |
| Home Depot, Inc.  | 351814 | 129569578 |
| Kohl's Corp. *(a)* | 806808 | 6559349 |
| Lithia Motors, Inc.  | 37267 | 11810285 |
| LKQ Corp.  | 337499 | 13658585 |
| Lowe's Cos., Inc.  | 308803 | 69706101 |
| Macy's, Inc.  | 782845 | 9308027 |
| Murphy USA, Inc.  | 13552 | 5783858 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| ODP Corp. \* | 178351 | 2933874 |
| O'Reilly Automotive, Inc. \* | 15667 | 21424623 |
| Penske Automotive Group, Inc.  | 24675 | 4051142 |
| Pool Corp.  | 13268 | 3988228 |
| QVC Group, Inc. \* | 79560 | 326196 |
| Ross Stores, Inc.  | 100803 | 14121492 |
| Signet Jewelers Ltd.  | 21906 | 1458282 |
| TJX Cos., Inc.  | 330596 | 41952632 |
| Tractor Supply Co.  | 192030 | 9294252 |
| Ulta Beauty, Inc. \* | 20188 | 9517834 |
| Williams-Sonoma, Inc.  | 48094 | 7779685 |
|  |  | **794119866** |
| **Consumer Durables & Apparel 1.3%** | **Consumer Durables & Apparel 1.3%** | **Consumer Durables & Apparel 1.3%** |
| Brunswick Corp.  | 78144 | 3955649 |
| Capri Holdings Ltd. \* | 239634 | 4342168 |
| Carter's, Inc.  | 64815 | 2033247 |
| Crocs, Inc. \* | 8629 | 880158 |
| Deckers Outdoor Corp. \* | 32251 | 3403126 |
| DR Horton, Inc.  | 203582 | 24034891 |
| Hanesbrands, Inc. \* | 619965 | 3068827 |
| Hasbro, Inc.  | 95245 | 6353794 |
| KB Home  | 64774 | 3341043 |
| Leggett & Platt, Inc.  | 392612 | 3557065 |
| Lennar Corp., Class A  | 197248 | 20924068 |
| M/I Homes, Inc. \* | 7658 | 816419 |
| Mattel, Inc. \* | 46971 | 889631 |
| Meritage Homes Corp.  | 72568 | 4616050 |
| Mohawk Industries, Inc. \* | 74135 | 7458722 |
| Newell Brands, Inc.  | 857245 | 4543398 |
| NIKE, Inc., Class B  | 608467 | 36867016 |
| NVR, Inc. \* | 1665 | 11848023 |
| Polaris, Inc.  | 86942 | 3409865 |
| PulteGroup, Inc.  | 159173 | 15603729 |
| PVH Corp.  | 88542 | 7417163 |
| Ralph Lauren Corp.  | 21568 | 5970238 |
| Skechers USA, Inc., Class A \* | 75888 | 4708092 |
| Somnigroup International, Inc.  | 65634 | 4270148 |
| Tapestry, Inc.  | 159592 | 12535952 |
| Taylor Morrison Home Corp. \* | 108847 | 6125909 |
| Toll Brothers, Inc.  | 62908 | 6558159 |
| TopBuild Corp. \* | 3220 | 910906 |
| Tri Pointe Homes, Inc. \* | 121538 | 3582940 |
| VF Corp.  | 554944 | 6914602 |
| Whirlpool Corp.  | 135553 | 10585334 |
|  |  | **231526332** |
| **Consumer Services 1.5%** | **Consumer Services 1.5%** | **Consumer Services 1.5%** |
| ADT, Inc.  | 141972 | 1181207 |
| Aramark  | 140554 | 5692437 |
| Booking Holdings, Inc.  | 7725 | 42633734 |
| Caesars Entertainment, Inc. \* | 138063 | 3711133 |
| Carnival Corp. \* | 300496 | 6977517 |
| Chipotle Mexican Grill, Inc. \* | 125234 | 6271719 |
| Darden Restaurants, Inc.  | 57119 | 12235461 |
| Domino's Pizza, Inc.  | 11889 | 5633246 |
| Expedia Group, Inc.  | 34582 | 5766549 |
| Flutter Entertainment PLC \* | 6096 | 1540459 |
| Hilton Worldwide Holdings, Inc.  | 40101 | 9962692 |
| Las Vegas Sands Corp.  | 142587 | 5868881 |
| Marriott International, Inc., Class A  | 50388 | 13293866 |
| Marriott Vacations Worldwide Corp.  | 43401 | 2858390 |
| McDonald's Corp.  | 216854 | 68059628 |
| MGM Resorts International \* | 298876 | 9459425 |
| Penn Entertainment, Inc. \* | 224242 | 3325509 |
| Royal Caribbean Cruises Ltd.  | 3678 | 945136 |
| Service Corp. International  | 59492 | 4640376 |

---

**17**

------

Schwab Fundamental U.S. Large Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Starbucks Corp.  | 530170 | 44507772 |
| Texas Roadhouse, Inc.  | 5206 | 1016263 |
| Vail Resorts, Inc.  | 20782 | 3328653 |
| Yum! Brands, Inc.  | 102908 | 14812578 |
|  |  | **273722631** |
| **Consumer Staples Distribution & Retail 3.9%** | **Consumer Staples Distribution & Retail 3.9%** | **Consumer Staples Distribution & Retail 3.9%** |
| Albertsons Cos., Inc., Class A  | 475333 | 10566653 |
| Andersons, Inc.  | 30672 | 1089163 |
| BJ's Wholesale Club Holdings, Inc. \* | 59046 | 6684598 |
| Casey's General Stores, Inc.  | 21882 | 9579064 |
| Costco Wholesale Corp.  | 115768 | 120419558 |
| Dollar General Corp.  | 315652 | 30697157 |
| Dollar Tree, Inc. \* | 230344 | 20790849 |
| Kroger Co.  | 916177 | 62510757 |
| Performance Food Group Co. \* | 149921 | 13426925 |
| SpartanNash Co.  | 52346 | 1018653 |
| Sprouts Farmers Market, Inc. \* | 40233 | 6954676 |
| Sysco Corp.  | 255932 | 18683036 |
| Target Corp.  | 491877 | 46241357 |
| U.S. Foods Holding Corp. \* | 206044 | 16302201 |
| United Natural Foods, Inc. \* | 63494 | 1941011 |
| Walgreens Boots Alliance, Inc.  | 5680988 | 63911115 |
| Walmart, Inc.  | 2713587 | 267885309 |
|  |  | **698702082** |
| **Energy 7.4%** | **Energy 7.4%** | **Energy 7.4%** |
| Antero Resources Corp. \* | 187294 | 7014160 |
| APA Corp.  | 442519 | 7527248 |
| Baker Hughes Co.  | 567432 | 21023356 |
| California Resources Corp.  | 21891 | 966925 |
| Cheniere Energy, Inc.  | 68838 | 16313918 |
| Chevron Corp.  | 1661223 | 227089184 |
| Chord Energy Corp.  | 15417 | 1387530 |
| Civitas Resources, Inc.  | 24500 | 670565 |
| CNX Resources Corp. \* | 39105 | 1262309 |
| ConocoPhillips  | 1147423 | 97932553 |
| Coterra Energy, Inc.  | 514799 | 12514764 |
| Delek U.S. Holdings, Inc.  | 128639 | 2476301 |
| Devon Energy Corp.  | 655553 | 19837034 |
| Diamondback Energy, Inc.  | 63915 | 8599763 |
| EOG Resources, Inc.  | 380880 | 41352142 |
| EQT Corp.  | 230814 | 12724776 |
| Expand Energy Corp.  | 198236 | 23021147 |
| Exxon Mobil Corp.  | 3398523 | 347668903 |
| Halliburton Co.  | 523723 | 10259734 |
| Helmerich & Payne, Inc.  | 35349 | 539072 |
| Hess Corp.  | 94446 | 12484817 |
| HF Sinclair Corp.  | 363795 | 13143913 |
| Kinder Morgan, Inc.  | 1386703 | 38883152 |
| Marathon Petroleum Corp.  | 587897 | 94498564 |
| Matador Resources Co.  | 16715 | 718912 |
| Murphy Oil Corp.  | 167054 | 3496440 |
| NOV, Inc.  | 301880 | 3622560 |
| Occidental Petroleum Corp.  | 539395 | 21996528 |
| ONEOK, Inc.  | 220686 | 17840256 |
| Ovintiv, Inc.  | 330599 | 11842056 |
| Patterson-UTI Energy, Inc.  | 108999 | 601674 |
| PBF Energy, Inc., Class A  | 398311 | 7587825 |
| Peabody Energy Corp.  | 243173 | 3200157 |
| Phillips 66  | 579836 | 65799789 |
| Range Resources Corp.  | 38273 | 1455905 |
| Schlumberger NV  | 660919 | 21843373 |
| SM Energy Co.  | 103172 | 2416288 |
| Targa Resources Corp.  | 56798 | 8970108 |
| TechnipFMC PLC  | 43393 | 1351692 |
| Valero Energy Corp.  | 623167 | 80369848 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Williams Cos., Inc.  | 489372 | 29611900 |
| World Kinect Corp.  | 502982 | 13776677 |
|  |  | **1315693818** |
| **Equity Real Estate Investment Trusts (REITs) 1.7%** | **Equity Real Estate Investment Trusts (REITs) 1.7%** | **Equity Real Estate Investment Trusts (REITs) 1.7%** |
| Alexandria Real Estate Equities, Inc.  | 63491 | 4456433 |
| American Tower Corp.  | 118606 | 25458778 |
| AvalonBay Communities, Inc.  | 38729 | 8007995 |
| Brixmor Property Group, Inc.  | 107683 | 2736225 |
| BXP, Inc.  | 104506 | 7036389 |
| Camden Property Trust  | 35008 | 4113090 |
| Crown Castle, Inc.  | 190052 | 19071718 |
| Digital Realty Trust, Inc.  | 82435 | 14139251 |
| Equinix, Inc.  | 17137 | 15231708 |
| Equity Residential  | 132229 | 9274542 |
| Essex Property Trust, Inc.  | 18277 | 5188840 |
| Extra Space Storage, Inc.  | 31742 | 4797803 |
| Gaming & Leisure Properties, Inc.  | 78311 | 3657124 |
| Healthpeak Properties, Inc.  | 272613 | 4746192 |
| Host Hotels & Resorts, Inc.  | 433185 | 6710036 |
| Invitation Homes, Inc.  | 161618 | 5446527 |
| Iron Mountain, Inc.  | 82227 | 8116627 |
| Kimco Realty Corp.  | 208888 | 4440959 |
| Lamar Advertising Co., Class A  | 31370 | 3781340 |
| Medical Properties Trust, Inc. *(a)* | 630011 | 2879150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment <br> Communities, Inc. <br>| 39981 | 6263024 |
| Millrose Properties, Inc., Class A  | 66703 | 1859013 |
| Park Hotels & Resorts, Inc.  | 214635 | 2223619 |
| Prologis, Inc.  | 145952 | 15850387 |
| Public Storage  | 31784 | 9802504 |
| Realty Income Corp.  | 132097 | 7479332 |
| Regency Centers Corp.  | 58218 | 4200429 |
| SBA Communications Corp.  | 21764 | 5046854 |
| Simon Property Group, Inc.  | 90468 | 14752617 |
| Sun Communities, Inc.  | 40624 | 5014627 |
| UDR, Inc.  | 101560 | 4207631 |
| Ventas, Inc.  | 189247 | 12164797 |
| VICI Properties, Inc.  | 183592 | 5821702 |
| Vornado Realty Trust  | 134412 | 5063300 |
| Welltower, Inc.  | 118212 | 18237747 |
| Weyerhaeuser Co.  | 625697 | 16211809 |
| WP Carey, Inc.  | 75589 | 4743966 |
|  |  | **298234085** |
| **Financial Services 8.4%** | **Financial Services 8.4%** | **Financial Services 8.4%** |
| Affiliated Managers Group, Inc.  | 34818 | 6127968 |
| AGNC Investment Corp.  | 85684 | 766015 |
| Ally Financial, Inc.  | 454450 | 15905750 |
| American Express Co.  | 177397 | 52163588 |
| Ameriprise Financial, Inc.  | 40690 | 20720976 |
| Annaly Capital Management, Inc.  | 273768 | 5187904 |
| Apollo Global Management, Inc.  | 9092 | 1188233 |
| Bank of New York Mellon Corp.  | 502145 | 44495068 |
| Berkshire Hathaway, Inc., Class B \* | 781684 | 393937469 |
| Blackrock, Inc.  | 44942 | 44038216 |
| Blackstone, Inc.  | 112614 | 15626319 |
| Block, Inc. \* | 86792 | 5359406 |
| Bread Financial Holdings, Inc.  | 130469 | 6685232 |
| Capital One Financial Corp.  | 631522 | 119452386 |
| Carlyle Group, Inc.  | 117308 | 5302322 |
| Charles Schwab Corp. *(b)* | 307474 | 27162253 |
| CME Group, Inc.  | 71134 | 20557726 |
| Corebridge Financial, Inc.  | 302192 | 9854481 |
| Corpay, Inc. \* | 25550 | 8306560 |
| Equitable Holdings, Inc.  | 165735 | 8762409 |
| Evercore, Inc., Class A  | 21204 | 4908514 |

---

**18**

------

Schwab Fundamental U.S. Large Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information <br> Services, Inc. <br>| 210302 | 16742142 |
| Fiserv, Inc. \* | 112787 | 18360596 |
| Franklin Resources, Inc.  | 422428 | 9141342 |
| Global Payments, Inc.  | 172568 | 13047866 |
| Goldman Sachs Group, Inc.  | 159287 | 95643879 |
| Intercontinental Exchange, Inc.  | 119942 | 21565572 |
| Invesco Ltd.  | 518833 | 7502325 |
| Jack Henry & Associates, Inc.  | 24368 | 4414751 |
| Jackson Financial, Inc., Class A  | 73658 | 6033327 |
| Janus Henderson Group PLC  | 84021 | 3052483 |
| Jefferies Financial Group, Inc.  | 97770 | 4751622 |
| KKR & Co., Inc.  | 104745 | 12722328 |
| LPL Financial Holdings, Inc.  | 24242 | 9385533 |
| Mastercard, Inc., Class A  | 99476 | 58253146 |
| MGIC Investment Corp.  | 170214 | 4502160 |
| Moody's Corp.  | 25416 | 12182397 |
| Morgan Stanley  | 602372 | 77121687 |
| MSCI, Inc.  | 9386 | 5293892 |
| Nasdaq, Inc.  | 78287 | 6540096 |
| Navient Corp.  | 187602 | 2521371 |
| Northern Trust Corp.  | 116435 | 12428272 |
| OneMain Holdings, Inc.  | 205308 | 10643167 |
| PayPal Holdings, Inc. \* | 472740 | 33224167 |
| PROG Holdings, Inc.  | 31789 | 916477 |
| Raymond James Financial, Inc.  | 58644 | 8619495 |
| Rithm Capital Corp.  | 426849 | 4759366 |
| S&P Global, Inc.  | 59267 | 30395674 |
| SEI Investments Co.  | 66846 | 5699290 |
| SLM Corp.  | 262519 | 8497740 |
| Starwood Property Trust, Inc.  | 223591 | 4415922 |
| State Street Corp.  | 191888 | 18474977 |
| StoneX Group, Inc. \* | 11298 | 956432 |
| Synchrony Financial  | 732008 | 42200261 |
| T. Rowe Price Group, Inc.  | 207772 | 19445381 |
| Visa, Inc., Class A  | 219412 | 80127068 |
| Voya Financial, Inc.  | 64014 | 4258211 |
| Western Union Co.  | 638154 | 5922069 |
|  |  | **1496271279** |
| **Food, Beverage & Tobacco 3.7%** | **Food, Beverage & Tobacco 3.7%** | **Food, Beverage & Tobacco 3.7%** |
| Altria Group, Inc.  | 1164162 | 70559859 |
| Archer-Daniels-Midland Co.  | 1019392 | 49206052 |
| Brown-Forman Corp., Class B  | 138653 | 4622691 |
| Bunge Global SA  | 336412 | 26290598 |
| Campbell's Co.  | 140964 | 4798415 |
| Coca-Cola Co.  | 1029517 | 74228176 |
| Conagra Brands, Inc.  | 469268 | 10741544 |
| Constellation Brands, Inc., Class A  | 71508 | 12749161 |
| Darling Ingredients, Inc. \* | 133068 | 4146399 |
| Flowers Foods, Inc.  | 171695 | 2901645 |
| General Mills, Inc.  | 394428 | 21401663 |
| Hershey Co.  | 51056 | 8204189 |
| Hormel Foods Corp.  | 229073 | 7027960 |
| Ingredion, Inc.  | 55547 | 7727699 |
| J.M. Smucker Co.  | 104128 | 11725854 |
| Kellanova  | 136943 | 11315600 |
| Keurig Dr. Pepper, Inc.  | 479389 | 16141028 |
| Kraft Heinz Co.  | 735288 | 19654248 |
| Lamb Weston Holdings, Inc.  | 62857 | 3506163 |
| &nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. - Non Voting <br> Shares <br>| 95590 | 6952261 |
| Molson Coors Beverage Co., Class B  | 184878 | 9907612 |
| Mondelez International, Inc., Class A  | 654985 | 44204938 |
| Monster Beverage Corp. \* | 173206 | 11076524 |
| PepsiCo, Inc.  | 547748 | 72001475 |
| Philip Morris International, Inc.  | 608228 | 109839894 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Post Holdings, Inc. \* | 33726 | 3729758 |
| Tyson Foods, Inc., Class A  | 615146 | 34546599 |
|  |  | **659208005** |
| **Health Care Equipment & Services 5.7%** | **Health Care Equipment & Services 5.7%** | **Health Care Equipment & Services 5.7%** |
| Abbott Laboratories  | 596084 | 79624901 |
| Align Technology, Inc. \* | 25056 | 4533633 |
| AMN Healthcare Services, Inc. \* | 38614 | 815142 |
| Baxter International, Inc.  | 434471 | 13251365 |
| Becton Dickinson & Co.  | 107566 | 18564816 |
| Boston Scientific Corp. \* | 170204 | 17915673 |
| Cardinal Health, Inc.  | 99354 | 15344232 |
| Cencora, Inc.  | 26494 | 7716113 |
| Centene Corp. \* | 826728 | 46660528 |
| Cigna Group  | 331570 | 104988325 |
| Community Health Systems, Inc. \* | 278321 | 1079885 |
| Cooper Cos., Inc. \* | 52450 | 3581286 |
| CVS Health Corp.  | 2799201 | 179260832 |
| DaVita, Inc. \* | 53333 | 7267155 |
| DENTSPLY SIRONA, Inc.  | 215443 | 3442779 |
| Edwards Lifesciences Corp. \* | 154485 | 12083817 |
| Elevance Health, Inc.  | 207058 | 79477143 |
| Encompass Health Corp.  | 40005 | 4836604 |
| GE HealthCare Technologies, Inc.  | 305827 | 21573037 |
| HCA Healthcare, Inc.  | 111379 | 42478837 |
| Henry Schein, Inc. \* | 128224 | 8974398 |
| Hologic, Inc. \* | 117537 | 7307275 |
| Humana, Inc.  | 176476 | 41141850 |
| IDEXX Laboratories, Inc. \* | 11559 | 5933928 |
| Intuitive Surgical, Inc. \* | 26186 | 14463575 |
| Labcorp Holdings, Inc.  | 112826 | 28090289 |
| McKesson Corp.  | 34009 | 24469816 |
| Molina Healthcare, Inc. \* | 37028 | 11295021 |
| Quest Diagnostics, Inc.  | 81230 | 14080408 |
| QuidelOrtho Corp. \* | 22186 | 680445 |
| ResMed, Inc.  | 27142 | 6644090 |
| Solventum Corp. \* | 38727 | 2830556 |
| STERIS PLC  | 27802 | 6817328 |
| Stryker Corp.  | 62127 | 23772275 |
| Teleflex, Inc.  | 21236 | 2596526 |
| Tenet Healthcare Corp. \* | 64769 | 10931064 |
| UnitedHealth Group, Inc.  | 413101 | 124719323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Health Services, Inc., <br> Class B <br>| 66271 | 12614685 |
| Zimmer Biomet Holdings, Inc.  | 98191 | 9050264 |
|  |  | **1020909219** |
| **Household & Personal Products 1.4%** | **Household & Personal Products 1.4%** | **Household & Personal Products 1.4%** |
| Church & Dwight Co., Inc.  | 72983 | 7174959 |
| Clorox Co.  | 44627 | 5885409 |
| Colgate-Palmolive Co.  | 252036 | 23424226 |
| Estee Lauder Cos., Inc., Class A  | 159462 | 10674386 |
| Kenvue, Inc.  | 873349 | 20846841 |
| Kimberly-Clark Corp.  | 141406 | 20328526 |
| Procter & Gamble Co.  | 906947 | 154081226 |
|  |  | **242415573** |
| **Insurance 3.3%** | **Insurance 3.3%** | **Insurance 3.3%** |
| Aflac, Inc.  | 319281 | 33058355 |
| Allstate Corp.  | 204853 | 42992499 |
| American Financial Group, Inc.  | 65721 | 8148090 |
| American International Group, Inc.  | 695418 | 58860180 |
| Aon PLC, Class A  | 63091 | 23474899 |
| Arthur J Gallagher & Co.  | 31159 | 10825883 |
| Assurant, Inc.  | 24653 | 5004066 |
| Brown & Brown, Inc.  | 37716 | 4258136 |

---

**19**

------

Schwab Fundamental U.S. Large Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Chubb Ltd.  | 154110 | 45801492 |
| Cincinnati Financial Corp.  | 82652 | 12465575 |
| CNO Financial Group, Inc.  | 133801 | 5079086 |
| Fidelity National Financial, Inc.  | 179471 | 9829627 |
| First American Financial Corp.  | 120556 | 6728230 |
| Genworth Financial, Inc., Class A \* | 772666 | 5447295 |
| Globe Life, Inc.  | 60161 | 7331821 |
| Hanover Insurance Group, Inc.  | 19974 | 3515025 |
| Hartford Insurance Group, Inc.  | 192126 | 24945640 |
| Lincoln National Corp.  | 207907 | 6890038 |
| Loews Corp.  | 102089 | 9115527 |
| Markel Group, Inc. \* | 5332 | 10353144 |
| Marsh & McLennan Cos., Inc.  | 121899 | 28482920 |
| MetLife, Inc.  | 504225 | 39622001 |
| Old Republic International Corp.  | 223836 | 8461001 |
| Primerica, Inc.  | 15057 | 4074424 |
| Principal Financial Group, Inc.  | 200219 | 15595058 |
| Progressive Corp.  | 136703 | 38950786 |
| Prudential Financial, Inc.  | 277723 | 28852642 |
| Reinsurance Group of America, Inc.  | 27324 | 5554696 |
| Travelers Cos., Inc.  | 187569 | 51712773 |
| Unum Group  | 122619 | 10019198 |
| W.R. Berkley Corp.  | 103822 | 7754465 |
| Willis Towers Watson PLC  | 39223 | 12416041 |
|  |  | **585620613** |
| **Materials 3.6%** | **Materials 3.6%** | **Materials 3.6%** |
| Air Products & Chemicals, Inc.  | 74868 | 20881434 |
| Albemarle Corp.  | 77788 | 4337459 |
| Alcoa Corp.  | 255204 | 6831811 |
| Alpha Metallurgical Resources, Inc. \* | 5923 | 663613 |
| Amcor PLC  | 2062986 | 18793802 |
| AptarGroup, Inc.  | 25596 | 4054406 |
| Ashland, Inc.  | 15712 | 777901 |
| Avery Dennison Corp.  | 37993 | 6752496 |
| Axalta Coating Systems Ltd. \* | 110405 | 3400474 |
| Ball Corp.  | 195875 | 10494983 |
| Celanese Corp.  | 117998 | 6233834 |
| CF Industries Holdings, Inc.  | 178477 | 16189649 |
| Chemours Co.  | 276136 | 2797258 |
| Cleveland-Cliffs, Inc. \* | 841222 | 4904324 |
| Commercial Metals Co.  | 124421 | 5796774 |
| Corteva, Inc.  | 324852 | 22999522 |
| CRH PLC  | 272331 | 24825694 |
| Crown Holdings, Inc.  | 89798 | 8845103 |
| Dow, Inc.  | 1037552 | 28781692 |
| DuPont de Nemours, Inc.  | 413528 | 27623670 |
| Eagle Materials, Inc.  | 14450 | 2921935 |
| Eastman Chemical Co.  | 135495 | 10618743 |
| Ecolab, Inc.  | 58829 | 15626159 |
| FMC Corp.  | 130788 | 5304761 |
| Freeport-McMoRan, Inc.  | 646672 | 24883939 |
| Graphic Packaging Holding Co.  | 216206 | 4804097 |
| Huntsman Corp.  | 412105 | 4590850 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, <br> Inc. <br>| 112727 | 8630379 |
| International Paper Co.  | 467069 | 22330569 |
| Linde PLC  | 140314 | 65608020 |
| Louisiana-Pacific Corp.  | 47610 | 4288233 |
| LyondellBasell Industries NV, Class A  | 379878 | 21459308 |
| Magnera Corp. \* | 15858 | 190613 |
| Martin Marietta Materials, Inc.  | 14389 | 7878697 |
| Mosaic Co.  | 651701 | 23552474 |
| Newmont Corp.  | 524926 | 27674099 |
| Nucor Corp.  | 310549 | 33961639 |
| O-I Glass, Inc. \* | 352647 | 4623202 |
| Olin Corp.  | 234374 | 4549199 |
| Packaging Corp. of America  | 52939 | 10226227 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| PPG Industries, Inc.  | 137911 | 15280539 |
| Reliance, Inc.  | 59472 | 17414591 |
| RPM International, Inc.  | 50557 | 5755409 |
| Sealed Air Corp.  | 128463 | 4136509 |
| Sherwin-Williams Co.  | 39044 | 14009378 |
| Smurfit WestRock PLC  | 104834 | 4542457 |
| Sonoco Products Co.  | 109258 | 4975609 |
| Steel Dynamics, Inc.  | 164784 | 20279967 |
| U.S. Steel Corp.  | 380141 | 20459189 |
| Vulcan Materials Co.  | 30964 | 8207627 |
| Westlake Corp.  | 27671 | 1965471 |
|  |  | **646735788** |
| **Media & Entertainment 7.0%** | **Media & Entertainment 7.0%** | **Media & Entertainment 7.0%** |
| Alphabet, Inc., Class A  | 1495816 | 256891440 |
| Alphabet, Inc., Class C  | 1225131 | 211763893 |
| Altice USA, Inc., Class A \* | 615458 | 1421708 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications, Inc., <br> Class A \*<br>| 164998 | 65383757 |
| Comcast Corp., Class A  | 4023587 | 139095403 |
| Electronic Arts, Inc.  | 107106 | 15399701 |
| Fox Corp., Class A  | 345638 | 18989352 |
| Interpublic Group of Cos., Inc.  | 288853 | 6920918 |
| Lionsgate Studios Corp. \* | 119908 | 866935 |
| Meta Platforms, Inc., Class A  | 459769 | 297695830 |
| Netflix, Inc. \* | 41505 | 50106081 |
| News Corp., Class A  | 280827 | 7930554 |
| Nexstar Media Group, Inc.  | 44715 | 7620330 |
| Omnicom Group, Inc.  | 143082 | 10507942 |
| Paramount Global, Class B *(a)* | 1965239 | 23779392 |
| Sirius XM Holdings, Inc.  | 62414 | 1353136 |
| Starz Entertainment Corp. \* | 7963 | 166904 |
| Take-Two Interactive Software, Inc. \* | 29616 | 6701508 |
| TEGNA, Inc.  | 264576 | 4423711 |
| Walt Disney Co.  | 799539 | 90379889 |
| Warner Bros Discovery, Inc. \* | 2367589 | 23604862 |
|  |  | **1241003246** |
| **Pharmaceuticals, Biotechnology & Life Sciences 5.5%** | **Pharmaceuticals, Biotechnology & Life Sciences 5.5%** | **Pharmaceuticals, Biotechnology & Life Sciences 5.5%** |
| AbbVie, Inc.  | 559494 | 104127428 |
| Agilent Technologies, Inc.  | 85657 | 9586731 |
| Amgen, Inc.  | 236498 | 68153994 |
| Avantor, Inc. \* | 272471 | 3517601 |
| Biogen, Inc. \* | 132921 | 17251817 |
| Bristol-Myers Squibb Co.  | 1731912 | 83616711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories <br> International, Inc. \*<br>| 6458 | 875898 |
| Danaher Corp.  | 136653 | 25950405 |
| Elanco Animal Health, Inc. \* | 99947 | 1343288 |
| Eli Lilly & Co.  | 45873 | 33839136 |
| Gilead Sciences, Inc.  | 712749 | 78459410 |
| GRAIL, Inc. \* | 2892 | 111082 |
| Illumina, Inc. \* | 37153 | 3055463 |
| IQVIA Holdings, Inc. \* | 64343 | 9029253 |
| Jazz Pharmaceuticals PLC \* | 8171 | 883040 |
| Johnson & Johnson  | 1181838 | 183433076 |
| Merck & Co., Inc.  | 1028626 | 79039622 |
| Mettler-Toledo International, Inc. \* | 4846 | 5599650 |
| Moderna, Inc. \* | 326555 | 8673301 |
| Organon & Co.  | 512851 | 4728486 |
| Pfizer, Inc.  | 5857610 | 137595259 |
| Regeneron Pharmaceuticals, Inc.  | 30985 | 15191326 |
| Revvity, Inc.  | 47658 | 4309236 |
| Thermo Fisher Scientific, Inc.  | 100786 | 40598616 |
| United Therapeutics Corp. \* | 2764 | 881301 |
| Vertex Pharmaceuticals, Inc. \* | 32483 | 14359110 |
| Viatris, Inc.  | 1658871 | 14581476 |

---

**20**

------

Schwab Fundamental U.S. Large Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Waters Corp. \* | 17392 | 6073982 |
| West Pharmaceutical Services, Inc.  | 15756 | 3322153 |
| Zoetis, Inc.  | 89664 | 15120040 |
|  |  | **973307891** |
| **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** |
| CBRE Group, Inc., Class A \* | 165737 | 20720440 |
| Cushman & Wakefield PLC \* | 69491 | 696995 |
| Jones Lang LaSalle, Inc. \* | 49736 | 11076207 |
|  |  | **32493642** |
| **Semiconductors & Semiconductor Equipment 3.9%** | **Semiconductors & Semiconductor Equipment 3.9%** | **Semiconductors & Semiconductor Equipment 3.9%** |
| Advanced Micro Devices, Inc. \* | 172527 | 19103915 |
| Analog Devices, Inc.  | 128844 | 27570039 |
| Applied Materials, Inc.  | 255398 | 40033636 |
| Broadcom, Inc.  | 494671 | 119745009 |
| First Solar, Inc. \* | 5701 | 901214 |
| Intel Corp.  | 7676402 | 150073659 |
| KLA Corp.  | 24724 | 18713101 |
| Lam Research Corp.  | 407539 | 32925076 |
| Marvell Technology, Inc.  | 81858 | 4927033 |
| Microchip Technology, Inc.  | 198368 | 11513279 |
| Micron Technology, Inc.  | 633660 | 59855524 |
| MKS, Inc.  | 22778 | 1872124 |
| NVIDIA Corp.  | 413394 | 55861931 |
| ON Semiconductor Corp. \* | 153920 | 6467718 |
| Qorvo, Inc. \* | 104839 | 7969861 |
| QUALCOMM, Inc.  | 454417 | 65981348 |
| Skyworks Solutions, Inc.  | 115373 | 7964198 |
| Teradyne, Inc.  | 67511 | 5306365 |
| Texas Instruments, Inc.  | 301559 | 55140063 |
|  |  | **691925093** |
| **Software & Services 5.5%** | **Software & Services 5.5%** | **Software & Services 5.5%** |
| Accenture PLC, Class A  | 201751 | 63918752 |
| Adobe, Inc. \* | 84034 | 34881673 |
| Akamai Technologies, Inc. \* | 74447 | 5652761 |
| Amdocs Ltd.  | 90973 | 8347682 |
| ANSYS, Inc. \* | 11308 | 3740912 |
| ASGN, Inc. \* | 46273 | 2443677 |
| Autodesk, Inc. \* | 20973 | 6210525 |
| Cadence Design Systems, Inc. \* | 23326 | 6696195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions <br> Corp., Class A <br>| 424090 | 34347049 |
| DXC Technology Co. \* | 480236 | 7299587 |
| EPAM Systems, Inc. \* | 19597 | 3419480 |
| Fortinet, Inc. \* | 68927 | 7015390 |
| Gartner, Inc. \* | 11682 | 5098258 |
| Gen Digital, Inc.  | 251645 | 7166850 |
| GoDaddy, Inc., Class A \* | 25699 | 4681073 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. <br>| 395778 | 102530249 |
| Intuit, Inc.  | 32361 | 24383043 |
| Kyndryl Holdings, Inc. \* | 215403 | 8409333 |
| Microsoft Corp.  | 1147396 | 528215222 |
| Oracle Corp.  | 439990 | 72831545 |
| Palo Alto Networks, Inc. \* | 27580 | 5306944 |
| Roper Technologies, Inc.  | 18511 | 10556268 |
| Salesforce, Inc.  | 94462 | 25067381 |
| ServiceNow, Inc. \* | 1374 | 1389238 |
| Synopsys, Inc. \* | 12363 | 5736185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoom Communications, Inc., <br> Class A \*<br>| 13357 | 1085256 |
|  |  | **986430528** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Technology Hardware & Equipment 6.6%** | **Technology Hardware & Equipment 6.6%** | **Technology Hardware & Equipment 6.6%** |
| Amphenol Corp., Class A  | 209465 | 18837187 |
| Apple, Inc.  | 3488176 | 700600150 |
| Arista Networks, Inc. \* | 59784 | 5179686 |
| Arrow Electronics, Inc. \* | 135487 | 16038951 |
| Avnet, Inc.  | 259467 | 12975945 |
| CDW Corp.  | 53665 | 9679019 |
| Ciena Corp. \* | 76566 | 6129874 |
| Cisco Systems, Inc.  | 2425632 | 152911841 |
| Coherent Corp. \* | 38692 | 2926276 |
| Corning, Inc.  | 453268 | 22477560 |
| Dell Technologies, Inc., Class C  | 78081 | 8688073 |
| F5, Inc. \* | 20954 | 5979853 |
| Flex Ltd. \* | 255030 | 10787769 |
| Hewlett Packard Enterprise Co.  | 1648442 | 28485078 |
| HP, Inc.  | 1044510 | 26008299 |
| Insight Enterprises, Inc. \* | 25173 | 3282307 |
| Jabil, Inc.  | 88222 | 14822178 |
| Juniper Networks, Inc.  | 213152 | 7658551 |
| Keysight Technologies, Inc. \* | 51540 | 8093842 |
| Motorola Solutions, Inc.  | 23139 | 9611478 |
| NetApp, Inc.  | 90702 | 8994010 |
| Sandisk Corp. \* | 94928 | 3577836 |
| Sanmina Corp. \* | 70599 | 5979029 |
| Seagate Technology Holdings PLC  | 143195 | 16888418 |
| TD SYNNEX Corp.  | 60628 | 7356602 |
| TE Connectivity PLC  | 143012 | 22891931 |
| Teledyne Technologies, Inc. \* | 11648 | 5810721 |
| Trimble, Inc. \* | 80268 | 5720700 |
| Vishay Intertechnology, Inc.  | 48412 | 681157 |
| Western Digital Corp. \* | 284843 | 14683657 |
| Xerox Holdings Corp.  | 613902 | 3001981 |
| Zebra Technologies Corp., Class A \* | 17996 | 5214701 |
|  |  | **1171974660** |
| **Telecommunication Services 3.2%** | **Telecommunication Services 3.2%** | **Telecommunication Services 3.2%** |
| AT&T, Inc.  | 9035958 | 251199633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Parent, <br> Inc. \*<br>| 222792 | 8071754 |
| Liberty Global Ltd., Class C \* | 870464 | 8600184 |
| Liberty Latin America Ltd., Class C \* | 138477 | 692385 |
| Lumen Technologies, Inc. \* | 8313265 | 32587999 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunrise Communications AG, <br> Class A, ADR \*<br>| 136298 | 6993450 |
| Telephone & Data Systems, Inc.  | 199797 | 6865025 |
| T-Mobile U.S., Inc.  | 174294 | 42214007 |
| Verizon Communications, Inc.  | 5033342 | 221265714 |
|  |  | **578490151** |
| **Transportation 2.0%** | **Transportation 2.0%** | **Transportation 2.0%** |
| Alaska Air Group, Inc. \* | 95267 | 4851948 |
| American Airlines Group, Inc. \* | 226313 | 2582231 |
| Avis Budget Group, Inc. \* | 75544 | 9200504 |
| CH Robinson Worldwide, Inc.  | 126592 | 12149034 |
| CSX Corp.  | 1183060 | 37372865 |
| Delta Air Lines, Inc.  | 73476 | 3555504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of <br> Washington, Inc. <br>| 125966 | 14200147 |
| FedEx Corp.  | 212694 | 46388561 |
| GXO Logistics, Inc. \* | 82400 | 3389936 |
| Hertz Global Holdings, Inc. \**(a)* | 1167360 | 7646208 |
| Hub Group, Inc., Class A  | 86108 | 2902701 |
| JB Hunt Transport Services, Inc.  | 55148 | 7657300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation <br> Holdings, Inc. <br>| 161707 | 7166854 |
| Landstar System, Inc.  | 30309 | 4159001 |

---

**21**

------

Schwab Fundamental U.S. Large Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Matson, Inc.  | 35187 | 3970853 |
| Norfolk Southern Corp.  | 142510 | 35217071 |
| Old Dominion Freight Line, Inc.  | 52179 | 8357511 |
| Ryder System, Inc.  | 69789 | 10268056 |
| Southwest Airlines Co.  | 108389 | 3618025 |
| Uber Technologies, Inc. \* | 91487 | 7699546 |
| &nbsp;&nbsp;&nbsp;&nbsp; U-Haul Holding Co., Non Voting <br> Shares <br>| 63715 | 3634304 |
| Union Pacific Corp.  | 279600 | 61976136 |
| United Parcel Service, Inc., Class B  | 538628 | 52537775 |
| Werner Enterprises, Inc.  | 75781 | 1966517 |
|  |  | **352468588** |
| **Utilities 3.7%** | **Utilities 3.7%** | **Utilities 3.7%** |
| AES Corp.  | 882852 | 8907977 |
| Alliant Energy Corp.  | 130023 | 8091331 |
| Ameren Corp.  | 143362 | 13888911 |
| American Electric Power Co., Inc.  | 306353 | 31704472 |
| American Water Works Co., Inc.  | 63851 | 9128777 |
| Atmos Energy Corp.  | 52316 | 8092239 |
| CenterPoint Energy, Inc.  | 399927 | 14893281 |
| CMS Energy Corp.  | 161856 | 11367147 |
| Consolidated Edison, Inc.  | 237162 | 24781057 |
| Constellation Energy Corp.  | 63246 | 19362763 |
| Dominion Energy, Inc.  | 575401 | 32607975 |
| DTE Energy Co.  | 110242 | 15064569 |
| Duke Energy Corp.  | 492003 | 57918593 |
| Edison International  | 273155 | 15201076 |
| Entergy Corp.  | 267362 | 22265907 |
| Essential Utilities, Inc.  | 30120 | 1160524 |
| Evergy, Inc.  | 205988 | 13679663 |
| Eversource Energy  | 259626 | 16826361 |
| Exelon Corp.  | 834077 | 36549254 |
| FirstEnergy Corp.  | 396516 | 16629881 |
| MDU Resources Group, Inc.  | 102657 | 1764674 |
| National Fuel Gas Co.  | 60733 | 5012902 |
| NextEra Energy, Inc.  | 619708 | 43776173 |
| NiSource, Inc.  | 227778 | 9006342 |
| NRG Energy, Inc.  | 149279 | 23272596 |
| OGE Energy Corp.  | 133091 | 5918557 |
| PG&E Corp.  | 544890 | 9197743 |
| Pinnacle West Capital Corp.  | 84372 | 7697258 |
| Portland General Electric Co.  | 83116 | 3524118 |
| PPL Corp.  | 549641 | 19100025 |
| Public Service Enterprise Group, Inc.  | 214687 | 17396088 |
| Sempra  | 274445 | 21568633 |
| Southern Co.  | 538026 | 48422340 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| UGI Corp.  | 368670 | 13294240 |
| Vistra Corp.  | 108172 | 17369178 |
| WEC Energy Group, Inc.  | 157743 | 16947908 |
| Xcel Energy, Inc.  | 344875 | 24175737 |
|  |  | **665566270** |
| **Total Common Stocks**<br> **(Cost $14,597,152,557)** | **Total Common Stocks**<br> **(Cost $14,597,152,557)** | **17792982215** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS |
| **Money Market Funds 0.2%** | **Money Market Funds 0.2%** | **Money Market Funds 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(c)*<br>| 12596348 | 12596348 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(c)(d)*<br>| 28708814 | 28708814 |
|  |  | **41305162** |
| **Total Short-Term Investments**<br> **(Cost $41,305,162)** | **Total Short-Term Investments**<br> **(Cost $41,305,162)** | **41305162** |
| **Total Investments in Securities**<br> **(Cost $14,638,457,719)** | **Total Investments in Securities**<br> **(Cost $14,638,457,719)** | **17834287377** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index, e-mini, expires <br> 06/20/25<br>| 127 | 37566600 | **473922** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $27,750,273. 

*(b)* Issuer is affiliated with the fund's investment adviser.

*(c)* The rate shown is the annualized 7-day yield.

*(d)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

ADR — American Depositary Receipt <br> REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Below is a summary of the fund's transactions with affiliated issuers during the period ended May 31, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 2/28/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 5/31/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 5/31/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS |
| **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** |
| Charles Schwab Corp. | $22979080 | $1925274 | ($429414)<br>| $180241 | $2507072 | **$27162253** | 307474 | $82537 |

---

------

**22**

------

Schwab Fundamental U.S. Large Company ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks <sup>1</sup> <br>| $17792982215 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $17792982215 |
| Short-Term Investments <sup>1</sup> <br>| 41305162 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41305162 |
| Futures Contracts <sup>2</sup> <br>| 473922 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 473922 |
| **Total** | **$17834761299** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$17834761299** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**23**

------

Schwab Strategic Trust

Schwab Fundamental U.S. Small Company ETF

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.9% OF NET ASSETS | **COMMON STOCKS** 99.9% OF NET ASSETS | **COMMON STOCKS** 99.9% OF NET ASSETS |
| **Automobiles & Components 1.3%** | **Automobiles & Components 1.3%** | **Automobiles & Components 1.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing <br> Holdings, Inc. \*<br>| 806909 | 3542331 |
| Dorman Products, Inc. \* | 71470 | 9241786 |
| Fox Factory Holding Corp. \* | 256600 | 6581790 |
| Gentherm, Inc. \* | 189656 | 5189936 |
| LCI Industries  | 180721 | 15748028 |
| Modine Manufacturing Co. \* | 80981 | 7353075 |
| Patrick Industries, Inc.  | 190889 | 16389730 |
| Phinia, Inc.  | 293376 | 12732518 |
| Rivian Automotive, Inc., Class A \* | 72953 | 1060007 |
| Standard Motor Products, Inc.  | 50557 | 1531877 |
| Visteon Corp. \* | 125345 | 10582252 |
| Winnebago Industries, Inc.  | 354866 | 12040603 |
|  |  | **101993933** |
| **Banks 8.6%** | **Banks 8.6%** | **Banks 8.6%** |
| Ameris Bancorp  | 165020 | 10143779 |
| Associated Banc-Corp.  | 640920 | 14850116 |
| Atlantic Union Bankshares Corp.  | 451822 | 13563696 |
| Axos Financial, Inc. \* | 102112 | 7100869 |
| Bancorp, Inc. \* | 16133 | 824396 |
| Bank of Hawaii Corp.  | 143457 | 9541325 |
| Bank OZK  | 406751 | 18031272 |
| BankUnited, Inc.  | 558128 | 18965189 |
| Banner Corp.  | 130641 | 8054018 |
| Berkshire Hills Bancorp, Inc.  | 37645 | 932090 |
| BOK Financial Corp.  | 74653 | 7048736 |
| Brookline Bancorp, Inc.  | 77463 | 800193 |
| Cadence Bank  | 500838 | 15175391 |
| Capitol Federal Financial, Inc.  | 136791 | 781077 |
| Cathay General Bancorp  | 288363 | 12357796 |
| City Holding Co.  | 33226 | 3917013 |
| Columbia Banking System, Inc.  | 400899 | 9373019 |
| Commerce Bancshares, Inc.  | 258036 | 16258848 |
| Community Financial System, Inc.  | 136688 | 7687333 |
| Cullen/Frost Bankers, Inc.  | 139908 | 17765518 |
| Customers Bancorp, Inc. \* | 110971 | 5655082 |
| CVB Financial Corp.  | 450863 | 8453681 |
| Dime Community Bancshares, Inc.  | 29754 | 763488 |
| Eagle Bancorp, Inc.  | 55676 | 979898 |
| Eastern Bankshares, Inc.  | 314330 | 4714950 |
| Enterprise Financial Services Corp.  | 94292 | 4991819 |
| FB Financial Corp.  | 16273 | 710316 |
| First Bancorp/Southern Pines NC  | 101837 | 4212997 |
| First Busey Corp.  | 207004 | 4578929 |
| First Commonwealth Financial Corp.  | 319657 | 4993042 |
| First Financial Bancorp  | 337344 | 8150231 |
| First Financial Bankshares, Inc.  | 193211 | 6812620 |
| First Hawaiian, Inc.  | 583636 | 13937228 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Interstate BancSystem, Inc., <br> Class A <br>| 340988 | 9257824 |
| First Merchants Corp.  | 184760 | 6965452 |
| FNB Corp.  | 1227658 | 17027616 |
| Fulton Financial Corp.  | 537873 | 9278309 |
| Glacier Bancorp, Inc.  | 247182 | 10250638 |
| Hancock Whitney Corp.  | 289377 | 15820241 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Hilltop Holdings, Inc.  | 337524 | 10064966 |
| Home BancShares, Inc.  | 475276 | 13445558 |
| HomeStreet, Inc. \* | 86246 | 1123785 |
| Hope Bancorp, Inc.  | 733239 | 7361720 |
| Independent Bank Corp.  | 121684 | 7483566 |
| International Bancshares Corp.  | 139267 | 8722292 |
| Lakeland Financial Corp.  | 53630 | 3210828 |
| National Bank Holdings Corp., Class A  | 20020 | 723723 |
| NBT Bancorp, Inc.  | 127016 | 5315620 |
| Northwest Bancshares, Inc.  | 512877 | 6298130 |
| OceanFirst Financial Corp.  | 57593 | 968138 |
| Old National Bancorp  | 703953 | 14684460 |
| Pacific Premier Bancorp, Inc.  | 385207 | 8166388 |
| Park National Corp.  | 33752 | 5486725 |
| Pathward Financial, Inc.  | 71288 | 5564028 |
| Pinnacle Financial Partners, Inc.  | 154006 | 16367758 |
| Preferred Bank  | 10149 | 848558 |
| Prosperity Bancshares, Inc.  | 254393 | 17718472 |
| Provident Financial Services, Inc.  | 397472 | 6637782 |
| Renasant Corp.  | 206991 | 7255035 |
| S&T Bancorp, Inc.  | 126982 | 4655160 |
| Seacoast Banking Corp. of Florida  | 138969 | 3589569 |
| ServisFirst Bancshares, Inc.  | 68088 | 5067790 |
| Simmons First National Corp., Class A  | 598648 | 11230637 |
| Southside Bancshares, Inc.  | 30114 | 848914 |
| SouthState Corp.  | 245123 | 21521799 |
| Texas Capital Bancshares, Inc. \* | 138787 | 9949640 |
| Towne Bank  | 201402 | 6960453 |
| TriCo Bancshares  | 19283 | 769392 |
| Triumph Financial, Inc. \* | 12097 | 698844 |
| Trustmark Corp.  | 206206 | 7105859 |
| UMB Financial Corp.  | 152777 | 15754364 |
| United Bankshares, Inc.  | 418918 | 15139697 |
| United Community Banks, Inc.  | 294761 | 8471431 |
| Valley National Bancorp  | 1943116 | 17060559 |
| Veritex Holdings, Inc.  | 181957 | 4403359 |
| WaFd, Inc.  | 368010 | 10458844 |
| Webster Financial Corp.  | 325625 | 16763175 |
| WesBanco, Inc.  | 279590 | 8605780 |
| Westamerica BanCorp  | 16575 | 796429 |
| Western Alliance Bancorp  | 253432 | 18351011 |
| Wintrust Financial Corp.  | 146209 | 17458817 |
| WSFS Financial Corp.  | 161105 | 8520843 |
|  |  | **692355933** |
| **Capital Goods 12.7%** | **Capital Goods 12.7%** | **Capital Goods 12.7%** |
| AAON, Inc.  | 52466 | 5051951 |
| AAR Corp. \* | 172225 | 10576337 |
| Advanced Drainage Systems, Inc.  | 130119 | 14307885 |
| AeroVironment, Inc. \* | 5967 | 1062305 |
| Alamo Group, Inc.  | 40344 | 7989726 |
| Albany International Corp., Class A  | 119866 | 7919547 |
| American Woodmark Corp. \* | 131959 | 7438529 |
| API Group Corp. \* | 374874 | 17495370 |
| Apogee Enterprises, Inc.  | 140986 | 5449109 |
| Applied Industrial Technologies, Inc.  | 86096 | 19502466 |
| Arcosa, Inc.  | 167202 | 14424517 |
| Armstrong World Industries, Inc.  | 105136 | 16362316 |
| Astec Industries, Inc.  | 49117 | 1929807 |
| ATI, Inc. \* | 165757 | 13200887 |

---

**24**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Atkore, Inc.  | 143228 | 9324143 |
| Atmus Filtration Technologies, Inc.  | 36795 | 1325356 |
| Axon Enterprise, Inc. \* | 1315 | 986723 |
| AZEK Co., Inc. \* | 178194 | 8822385 |
| AZZ, Inc.  | 84012 | 7619048 |
| BlueLinx Holdings, Inc. \* | 135216 | 9048655 |
| BWX Technologies, Inc.  | 162105 | 20360388 |
| Chart Industries, Inc. \* | 55804 | 8753415 |
| Columbus McKinnon Corp.  | 171623 | 2498831 |
| Comfort Systems USA, Inc.  | 41009 | 19611734 |
| Construction Partners, Inc., Class A \* | 59334 | 6211676 |
| Core & Main, Inc., Class A \* | 387716 | 21250714 |
| Crane Co.  | 107225 | 18378365 |
| CSW Industrials, Inc.  | 15539 | 4751671 |
| Curtiss-Wright Corp.  | 16135 | 7101175 |
| DNOW, Inc. \* | 832993 | 12011759 |
| Douglas Dynamics, Inc.  | 33456 | 919705 |
| Ducommun, Inc. \* | 14562 | 1024874 |
| DXP Enterprises, Inc. \* | 10767 | 890216 |
| Dycom Industries, Inc. \* | 94650 | 21761928 |
| Enerpac Tool Group Corp.  | 92378 | 3961169 |
| EnerSys  | 194279 | 16247553 |
| Enpro, Inc.  | 46612 | 8629746 |
| Esab Corp.  | 113378 | 13944360 |
| ESCO Technologies, Inc.  | 52685 | 9548629 |
| Everus Construction Group, Inc. \* | 49807 | 2884323 |
| Federal Signal Corp.  | 108789 | 10233781 |
| Flowserve Corp.  | 399550 | 19941540 |
| Franklin Electric Co., Inc.  | 111271 | 9612702 |
| FTAI Aviation Ltd.  | 72711 | 8518094 |
| Gates Industrial Corp. PLC \* | 606450 | 12826417 |
| GATX Corp.  | 121969 | 19422344 |
| Gibraltar Industries, Inc. \* | 137746 | 8069161 |
| GMS, Inc. \* | 217135 | 16443634 |
| GrafTech International Ltd. \* | 2295221 | 2286499 |
| Granite Construction, Inc.  | 181956 | 16275964 |
| Greenbrier Cos., Inc.  | 232989 | 10500814 |
| Griffon Corp.  | 102252 | 7029825 |
| H&E Equipment Services, Inc.  | 170917 | 16175585 |
| Hayward Holdings, Inc. \* | 463437 | 6464946 |
| HEICO Corp.  | 74802 | 22413671 |
| Helios Technologies, Inc.  | 126572 | 3837663 |
| Herc Holdings, Inc.  | 113461 | 14069164 |
| Hexcel Corp.  | 269202 | 14238094 |
| Hillenbrand, Inc.  | 391312 | 7646236 |
| Hillman Solutions Corp. \* | 736545 | 5332586 |
| Insteel Industries, Inc.  | 40718 | 1425944 |
| Janus International Group, Inc. \* | 133177 | 1088056 |
| JBT Marel Corp.  | 95982 | 11019693 |
| JELD-WEN Holding, Inc. \* | 1452543 | 5301782 |
| Kadant, Inc.  | 18560 | 5826170 |
| Kennametal, Inc.  | 645178 | 13890682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc. \*<br>| 198686 | 7329527 |
| Lennox International, Inc.  | 8302 | 4686064 |
| Leonardo DRS, Inc.  | 160339 | 6782340 |
| Lindsay Corp.  | 33751 | 4704889 |
| Manitowoc Co., Inc. \* | 143077 | 1503739 |
| Masterbrand, Inc. \* | 1065407 | 10867151 |
| McGrath RentCorp  | 71226 | 8004378 |
| Mercury Systems, Inc. \* | 161811 | 7969192 |
| Miller Industries, Inc.  | 17148 | 777319 |
| Moog, Inc., Class A  | 82637 | 15313462 |
| MRC Global, Inc. \* | 150875 | 1872359 |
| MSC Industrial Direct Co., Inc., Class A  | 201523 | 16363668 |
| Mueller Water Products, Inc., Class A  | 377889 | 9269617 |
| MYR Group, Inc. \* | 79371 | 12449341 |
| NEXTracker, Inc., Class A \* | 20113 | 1140206 |
| Primoris Services Corp.  | 225947 | 16293038 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Proto Labs, Inc. \* | 27291 | 1009221 |
| Quanex Building Products Corp.  | 254898 | 4264444 |
| RBC Bearings, Inc. \* | 26300 | 9622381 |
| REV Group, Inc.  | 183925 | 6895348 |
| Shyft Group, Inc.  | 79619 | 835203 |
| Simpson Manufacturing Co., Inc.  | 88074 | 13713122 |
| SiteOne Landscape Supply, Inc. \* | 119361 | 13942558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems Holdings, Inc., <br> Class A \*<br>| 294753 | 11017867 |
| SPX Technologies, Inc. \* | 50384 | 7662903 |
| Standex International Corp.  | 30847 | 4656046 |
| Sterling Infrastructure, Inc. \* | 43175 | 8117332 |
| Sunrun, Inc. \* | 227776 | 1706042 |
| Tennant Co.  | 71045 | 5287169 |
| Terex Corp.  | 378800 | 17049788 |
| Titan International, Inc. \* | 134068 | 970652 |
| Titan Machinery, Inc. \* | 84627 | 1580832 |
| Trex Co., Inc. \* | 186356 | 10411710 |
| Trinity Industries, Inc.  | 427085 | 10993168 |
| Triumph Group, Inc. \* | 31482 | 811921 |
| Tutor Perini Corp. \* | 99377 | 3665024 |
| V2X, Inc. \* | 20427 | 924935 |
| Valmont Industries, Inc.  | 67807 | 21565338 |
| Vertiv Holdings Co., Class A  | 141888 | 15313972 |
| Wabash National Corp.  | 535203 | 4640210 |
| Watts Water Technologies, Inc., Class A  | 64111 | 15522555 |
| WillScot Holdings Corp.  | 248823 | 6705780 |
| Woodward, Inc.  | 124058 | 26837467 |
| Worthington Enterprises, Inc.  | 194443 | 11454637 |
| Zurn Elkay Water Solutions Corp.  | 195350 | 7069717 |
|  |  | **1020043972** |
| **Commercial & Professional Services 5.3%** | **Commercial & Professional Services 5.3%** | **Commercial & Professional Services 5.3%** |
| ACCO Brands Corp.  | 380636 | 1366483 |
| Alight, Inc., Class A  | 1828452 | 9983348 |
| Amentum Holdings, Inc. \* | 90017 | 1859751 |
| Barrett Business Services, Inc.  | 20189 | 834310 |
| Brady Corp., Class A  | 158340 | 11047382 |
| BrightView Holdings, Inc. \* | 114686 | 1786808 |
| Brink's Co.  | 148413 | 12178771 |
| Casella Waste Systems, Inc., Class A \* | 52619 | 6167473 |
| CBIZ, Inc. \* | 96557 | 6975278 |
| Civeo Corp.  | 36281 | 791289 |
| Clarivate PLC \* | 486685 | 2053811 |
| Clean Harbors, Inc. \* | 91024 | 20643333 |
| Conduent, Inc. \* | 776399 | 1739134 |
| CoreCivic, Inc. \* | 959834 | 21077955 |
| CSG Systems International, Inc.  | 150213 | 9923071 |
| Dayforce, Inc. \* | 15734 | 929565 |
| Deluxe Corp.  | 143851 | 2052754 |
| Dun & Bradstreet Holdings, Inc.  | 1113070 | 10028761 |
| Ennis, Inc.  | 48949 | 913878 |
| Enviri Corp. \* | 164454 | 1340300 |
| ExlService Holdings, Inc. \* | 254915 | 11723541 |
| Exponent, Inc.  | 67218 | 5131422 |
| FTI Consulting, Inc. \* | 99680 | 16363469 |
| GEO Group, Inc. \* | 970447 | 26337931 |
| Healthcare Services Group, Inc. \* | 224677 | 3167946 |
| Heidrick & Struggles International, Inc.  | 23180 | 1012039 |
| HNI Corp.  | 252855 | 11765343 |
| Huron Consulting Group, Inc. \* | 48114 | 6872123 |
| ICF International, Inc.  | 58454 | 5022368 |
| Insperity, Inc.  | 108570 | 7026650 |
| Interface, Inc.  | 60345 | 1212331 |
| Kelly Services, Inc., Class A  | 305144 | 3576288 |
| Kforce, Inc.  | 148378 | 6053822 |
| Korn Ferry  | 248847 | 16924084 |
| Maximus, Inc.  | 197215 | 14300060 |

---

**25**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| MillerKnoll, Inc.  | 579229 | 9771593 |
| MSA Safety, Inc.  | 59031 | 9620282 |
| NV5 Global, Inc. \* | 206683 | 4567694 |
| OPENLANE, Inc. \* | 579069 | 13278052 |
| Parsons Corp. \* | 104075 | 6748223 |
| Paycom Software, Inc.  | 49594 | 12849309 |
| Pitney Bowes, Inc.  | 117439 | 1209622 |
| Resources Connection, Inc.  | 160488 | 836945 |
| Rollins, Inc.  | 314077 | 17980908 |
| Steelcase, Inc., Class A  | 968341 | 9983596 |
| Tetra Tech, Inc.  | 458045 | 16004092 |
| TriNet Group, Inc.  | 146944 | 12227210 |
| TrueBlue, Inc. \* | 308817 | 1852902 |
| TTEC Holdings, Inc. \* | 394779 | 1938365 |
| UL Solutions, Inc., Class A  | 18583 | 1328684 |
| UniFirst Corp.  | 80009 | 15086497 |
| Veralto Corp.  | 147643 | 14916372 |
| Verra Mobility Corp. \* | 211837 | 5009945 |
| Vestis Corp.  | 1469814 | 9054054 |
| VSE Corp.  | 39629 | 5155336 |
|  |  | **429602553** |
| **Consumer Discretionary Distribution & Retail 3.9%** | **Consumer Discretionary Distribution & Retail 3.9%** | **Consumer Discretionary Distribution & Retail 3.9%** |
| 1-800-Flowers.com, Inc., Class A \* | 93182 | 458456 |
| Abercrombie & Fitch Co., Class A \* | 125024 | 9813134 |
| A-Mark Precious Metals, Inc.  | 146899 | 2898317 |
| American Eagle Outfitters, Inc.  | 841171 | 9219234 |
| America's Car-Mart, Inc. \* | 18932 | 942056 |
| Arko Corp.  | 118893 | 508862 |
| Boot Barn Holdings, Inc. \* | 63414 | 10165898 |
| Buckle, Inc.  | 196491 | 8372482 |
| Caleres, Inc.  | 288331 | 3878052 |
| Camping World Holdings, Inc., Class A  | 266725 | 4336949 |
| ContextLogic, Inc., Class A \* | 165731 | 1358994 |
| Coupang, Inc., Class A \* | 652740 | 18309357 |
| Designer Brands, Inc., Class A  | 282633 | 1003347 |
| Dillard's, Inc., Class A  | 21759 | 8616999 |
| Etsy, Inc. \* | 273732 | 15151066 |
| Five Below, Inc. \* | 164566 | 19183459 |
| Floor & Decor Holdings, Inc., Class A \* | 142224 | 10196039 |
| GameStop Corp., Class A \* | 933762 | 27826108 |
| Genesco, Inc. \* | 46859 | 1018246 |
| Guess?, Inc.  | 316923 | 3321353 |
| Haverty Furniture Cos., Inc.  | 52725 | 1105116 |
| MarineMax, Inc. \* | 72289 | 1532527 |
| Monro, Inc.  | 89564 | 1373016 |
| National Vision Holdings, Inc. \* | 813889 | 16123141 |
| Ollie's Bargain Outlet Holdings, Inc. \* | 152030 | 16943744 |
| OneWater Marine, Inc., Class A \* | 43912 | 648580 |
| Petco Health & Wellness Co., Inc. \* | 427787 | 1569978 |
| RH \* | 49473 | 8960055 |
| Sally Beauty Holdings, Inc. \* | 1366071 | 11898478 |
| Shoe Carnival, Inc.  | 44500 | 855290 |
| Signet Jewelers Ltd.  | 171418 | 11411296 |
| Sleep Number Corp. \* | 93279 | 1003682 |
| Sonic Automotive, Inc., Class A  | 180341 | 12611246 |
| Stitch Fix, Inc., Class A \* | 175457 | 775520 |
| Upbound Group, Inc.  | 415312 | 9527257 |
| Urban Outfitters, Inc. \* | 441877 | 30887202 |
| Valvoline, Inc. \* | 405817 | 14037210 |
| Victoria's Secret & Co. \* | 664784 | 14100069 |
| Wayfair, Inc., Class A \* | 131495 | 5422854 |
| Zumiez, Inc. \* | 84931 | 1060788 |
|  |  | **318425457** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Consumer Durables & Apparel 3.2%** | **Consumer Durables & Apparel 3.2%** | **Consumer Durables & Apparel 3.2%** |
| Acushnet Holdings Corp.  | 105795 | 7219451 |
| Beazer Homes USA, Inc. \* | 87178 | 1788893 |
| Cavco Industries, Inc. \* | 27209 | 11797686 |
| Century Communities, Inc.  | 241357 | 12519188 |
| Champion Homes, Inc. \* | 155301 | 10156685 |
| Columbia Sportswear Co.  | 207291 | 13221020 |
| Crocs, Inc. \* | 112279 | 11452458 |
| Ethan Allen Interiors, Inc.  | 45989 | 1201693 |
| G-III Apparel Group Ltd. \* | 500786 | 14547833 |
| GoPro, Inc., Class A \* | 1661428 | 1101527 |
| Green Brick Partners, Inc. \* | 103637 | 6057583 |
| Helen of Troy Ltd. \* | 251773 | 6770176 |
| Hooker Furnishings Corp.  | 61689 | 605786 |
| Hovnanian Enterprises, Inc., Class A \* | 9993 | 902168 |
| Installed Building Products, Inc.  | 45984 | 7333528 |
| iRobot Corp. \* | 122616 | 376431 |
| Kontoor Brands, Inc.  | 143972 | 9876479 |
| La-Z-Boy, Inc.  | 318118 | 13325963 |
| Levi Strauss & Co., Class A  | 384735 | 6675152 |
| LGI Homes, Inc. \* | 162279 | 8130178 |
| M/I Homes, Inc. \* | 109646 | 11689360 |
| Malibu Boats, Inc., Class A \* | 48015 | 1447172 |
| MasterCraft Boat Holdings, Inc. \* | 46632 | 793210 |
| Mattel, Inc. \* | 866194 | 16405714 |
| Movado Group, Inc.  | 48839 | 791192 |
| Oxford Industries, Inc.  | 98492 | 5287051 |
| Peloton Interactive, Inc., Class A \* | 746283 | 5298609 |
| SharkNinja, Inc. \* | 110580 | 10165619 |
| Smith & Wesson Brands, Inc.  | 173186 | 1648731 |
| Sonos, Inc. \* | 515497 | 5299309 |
| Steven Madden Ltd.  | 374698 | 9236306 |
| Sturm Ruger & Co., Inc.  | 48745 | 1764569 |
| TopBuild Corp. \* | 46181 | 13064143 |
| Topgolf Callaway Brands Corp. \* | 976059 | 6188214 |
| Under Armour, Inc., Class A \* | 2516402 | 16885058 |
| Wolverine World Wide, Inc.  | 103285 | 1762042 |
| YETI Holdings, Inc. \* | 227128 | 6941032 |
|  |  | **259727209** |
| **Consumer Services 6.1%** | **Consumer Services 6.1%** | **Consumer Services 6.1%** |
| ADT, Inc.  | 2116284 | 17607483 |
| Adtalem Global Education, Inc. \* | 151172 | 19959239 |
| Airbnb, Inc., Class A \* | 108775 | 14031975 |
| BJ's Restaurants, Inc. \* | 27174 | 1212232 |
| Bloomin' Brands, Inc.  | 749818 | 5721111 |
| Boyd Gaming Corp.  | 297306 | 22289031 |
| Bright Horizons Family Solutions, Inc. \* | 89235 | 11529162 |
| Brinker International, Inc. \* | 84734 | 14627630 |
| Cheesecake Factory, Inc.  | 122176 | 6740450 |
| Chegg, Inc. \* | 648461 | 661430 |
| Choice Hotels International, Inc.  | 57395 | 7270799 |
| Churchill Downs, Inc.  | 95718 | 9138198 |
| Cracker Barrel Old Country Store, Inc.  | 358285 | 20579890 |
| Dave & Buster's Entertainment, Inc. \* | 184706 | 4056144 |
| Dine Brands Global, Inc.  | 49154 | 1182645 |
| DoorDash, Inc., Class A \* | 96683 | 20172908 |
| Everi Holdings, Inc. \* | 89698 | 1265639 |
| Frontdoor, Inc. \* | 129028 | 7097830 |
| Golden Entertainment, Inc.  | 130961 | 3736317 |
| Graham Holdings Co., Class B  | 20101 | 19184595 |
| Grand Canyon Education, Inc. \* | 114135 | 22581039 |
| H&R Block, Inc.  | 385638 | 21962084 |
| Hilton Grand Vacations, Inc. \* | 308443 | 11773269 |
| Hyatt Hotels Corp., Class A  | 67068 | 8854988 |
| International Game Technology PLC  | 834576 | 12276613 |
| Jack in the Box, Inc.  | 231619 | 4392654 |

---

**26**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Laureate Education, Inc. \* | 864299 | 19446728 |
| Light & Wonder, Inc. \* | 152125 | 13709505 |
| Matthews International Corp., Class A  | 67308 | 1443757 |
| Papa John's International, Inc.  | 80286 | 3632942 |
| Perdoceo Education Corp.  | 270295 | 9200842 |
| Planet Fitness, Inc., Class A \* | 112726 | 11591615 |
| Red Rock Resorts, Inc., Class A  | 146868 | 7059945 |
| Royal Caribbean Cruises Ltd.  | 77333 | 19872261 |
| Sabre Corp. \* | 1126856 | 2839677 |
| Six Flags Entertainment Corp.  | 43053 | 1444859 |
| Strategic Education, Inc.  | 91255 | 8325194 |
| Stride, Inc. \* | 85518 | 12946570 |
| Texas Roadhouse, Inc.  | 93244 | 18202161 |
| Travel & Leisure Co.  | 464538 | 22562611 |
| United Parks & Resorts, Inc. \* | 147047 | 6586235 |
| Wendy's Co.  | 792631 | 9035993 |
| Wingstop, Inc.  | 11060 | 3779202 |
| Wyndham Hotels & Resorts, Inc.  | 227267 | 18813162 |
| Wynn Resorts Ltd.  | 166395 | 15065403 |
|  |  | **495464017** |
| **Consumer Staples Distribution & Retail 1.1%** | **Consumer Staples Distribution & Retail 1.1%** | **Consumer Staples Distribution & Retail 1.1%** |
| Andersons, Inc.  | 361658 | 12842476 |
| Chefs' Warehouse, Inc. \* | 101976 | 6504029 |
| Grocery Outlet Holding Corp. \* | 611728 | 8307266 |
| Ingles Markets, Inc., Class A  | 298739 | 18611440 |
| Maplebear, Inc. \* | 18881 | 862295 |
| PriceSmart, Inc.  | 184046 | 19873287 |
| Village Super Market, Inc., Class A  | 31755 | 1225108 |
| Weis Markets, Inc.  | 229939 | 17429376 |
|  |  | **85655277** |
| **Energy 4.2%** | **Energy 4.2%** | **Energy 4.2%** |
| Antero Midstream Corp.  | 651092 | 12227508 |
| Archrock, Inc.  | 479984 | 11951602 |
| Berry Corp.  | 396846 | 948462 |
| Bristow Group, Inc. \* | 28327 | 828848 |
| Cactus, Inc., Class A  | 87414 | 3583974 |
| California Resources Corp.  | 248497 | 10976112 |
| ChampionX Corp.  | 497186 | 11967267 |
| Chord Energy Corp.  | 99600 | 8964000 |
| Civitas Resources, Inc.  | 249409 | 6826324 |
| CNX Resources Corp. \* | 569650 | 18388302 |
| Comstock Resources, Inc. \* | 499010 | 11626933 |
| Core Laboratories, Inc.  | 45190 | 485792 |
| Core Natural Resources, Inc.  | 133250 | 9234225 |
| Crescent Energy Co., Class A  | 528421 | 4433452 |
| CVR Energy, Inc.  | 441994 | 10338240 |
| Delek U.S. Holdings, Inc.  | 253779 | 4885246 |
| Dorian LPG Ltd.  | 184675 | 3953892 |
| DT Midstream, Inc.  | 184463 | 19320655 |
| Expro Group Holdings NV \* | 320665 | 2667933 |
| Green Plains, Inc. \* | 897692 | 3734399 |
| Gulfport Energy Corp. \* | 19092 | 3656118 |
| Helix Energy Solutions Group, Inc. \* | 644735 | 3990910 |
| Helmerich & Payne, Inc.  | 407200 | 6209800 |
| International Seaways, Inc.  | 147131 | 5451204 |
| Kodiak Gas Services, Inc.  | 22481 | 793804 |
| Kosmos Energy Ltd. \* | 3113904 | 5169081 |
| Liberty Energy, Inc.  | 892351 | 10342348 |
| Magnolia Oil & Gas Corp., Class A  | 467780 | 10057270 |
| Matador Resources Co.  | 252752 | 10870863 |
| Nabors Industries Ltd. \* | 64020 | 1652356 |
| New Fortress Energy, Inc. *(a)* | 153259 | 381615 |
| Noble Corp. PLC  | 213530 | 5289138 |
| Northern Oil & Gas, Inc.  | 209964 | 5580843 |
| NPK International, Inc. \* | 124904 | 1010473 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Oceaneering International, Inc. \* | 253969 | 4843189 |
| Oil States International, Inc. \* | 183679 | 799004 |
| Par Pacific Holdings, Inc. \* | 529026 | 11421671 |
| Patterson-UTI Energy, Inc.  | 1654986 | 9135523 |
| Permian Resources Corp.  | 692543 | 8732967 |
| ProPetro Holding Corp. \* | 266267 | 1437842 |
| Range Resources Corp.  | 357387 | 13595001 |
| REX American Resources Corp. \* | 22314 | 940312 |
| RPC, Inc.  | 776262 | 3446603 |
| Select Water Solutions, Inc.  | 113476 | 912347 |
| Summit Midstream Corp. \* | 23708 | 596019 |
| Talos Energy, Inc. \* | 877033 | 7051345 |
| TechnipFMC PLC  | 648572 | 20203018 |
| Texas Pacific Land Corp.  | 10002 | 11142528 |
| Tidewater, Inc. \* | 18398 | 730585 |
| Transocean Ltd. \* | 2805831 | 6986519 |
| Valaris Ltd. \* | 94404 | 3551478 |
| Vital Energy, Inc. \* | 266419 | 3964315 |
| W&T Offshore, Inc. *(a)* | 456575 | 675731 |
| Weatherford International PLC  | 86149 | 3756096 |
|  |  | **341721082** |
| **Equity Real Estate Investment Trusts (REITs) 7.8%** | **Equity Real Estate Investment Trusts (REITs) 7.8%** | **Equity Real Estate Investment Trusts (REITs) 7.8%** |
| Acadia Realty Trust  | 253545 | 4883277 |
| Agree Realty Corp.  | 95508 | 7191752 |
| Alexander & Baldwin, Inc.  | 360717 | 6460442 |
| American Assets Trust, Inc.  | 208662 | 4160720 |
| American Healthcare REIT, Inc.  | 49794 | 1739802 |
| American Homes 4 Rent, Class A  | 487777 | 18462359 |
| Americold Realty Trust, Inc.  | 868333 | 14388278 |
| Apple Hospitality REIT, Inc.  | 990475 | 11479605 |
| Brandywine Realty Trust  | 490627 | 2075352 |
| Brixmor Property Group, Inc.  | 184035 | 4676329 |
| Broadstone Net Lease, Inc.  | 411137 | 6541190 |
| CareTrust REIT, Inc.  | 148411 | 4268300 |
| Centerspace  | 13998 | 892373 |
| COPT Defense Properties  | 405401 | 11128257 |
| Cousins Properties, Inc.  | 538744 | 15122544 |
| CubeSmart  | 372691 | 15936267 |
| Curbline Properties Corp.  | 167837 | 3808222 |
| DiamondRock Hospitality Co.  | 1061646 | 8110975 |
| Diversified Healthcare Trust  | 855709 | 2678369 |
| Douglas Emmett, Inc.  | 969780 | 13799969 |
| Easterly Government Properties, Inc.  | 161286 | 3504745 |
| EastGroup Properties, Inc.  | 50190 | 8509715 |
| Elme Communities  | 311606 | 5004392 |
| Empire State Realty Trust, Inc., Class A  | 762211 | 5838536 |
| EPR Properties  | 280446 | 15618038 |
| Equity LifeStyle Properties, Inc.  | 269327 | 17121117 |
| Essential Properties Realty Trust, Inc.  | 151461 | 4922483 |
| Federal Realty Investment Trust  | 187028 | 17857433 |
| First Industrial Realty Trust, Inc.  | 201548 | 9962518 |
| Four Corners Property Trust, Inc.  | 153466 | 4237196 |
| Global Net Lease, Inc.  | 909324 | 7056354 |
| Healthcare Realty Trust, Inc.  | 1040239 | 15083466 |
| Highwoods Properties, Inc.  | 526552 | 15638594 |
| Hudson Pacific Properties, Inc.  | 3350724 | 6232347 |
| Independence Realty Trust, Inc.  | 332655 | 6184056 |
| Innovative Industrial Properties, Inc.  | 14007 | 773467 |
| InvenTrust Properties Corp.  | 185691 | 5216060 |
| JBG SMITH Properties  | 778628 | 13314539 |
| Kilroy Realty Corp.  | 527718 | 16992520 |
| Kite Realty Group Trust  | 395819 | 8755516 |
| Lineage, Inc.  | 29980 | 1279846 |
| LTC Properties, Inc.  | 107223 | 3794622 |
| LXP Industrial Trust  | 905609 | 7770125 |
| Macerich Co.  | 1034653 | 16740686 |
| Medical Properties Trust, Inc. *(a)* | 1029466 | 4704660 |

---

**27**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| National Health Investors, Inc.  | 93311 | 6765981 |
| National Storage Affiliates Trust  | 148672 | 5114317 |
| NNN REIT, Inc.  | 364895 | 15238015 |
| Omega Healthcare Investors, Inc.  | 552333 | 20436321 |
| Outfront Media, Inc.  | 675781 | 11163902 |
| Paramount Group, Inc.  | 439202 | 2657172 |
| Park Hotels & Resorts, Inc.  | 340550 | 3528098 |
| Peakstone Realty Trust  | 152750 | 1892573 |
| Pebblebrook Hotel Trust  | 628945 | 5773715 |
| Phillips Edison & Co., Inc.  | 268742 | 9529591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Piedmont Office Realty Trust, Inc., <br> Class A <br>| 356274 | 2536671 |
| PotlatchDeltic Corp.  | 430529 | 16937011 |
| Rayonier, Inc.  | 472326 | 11194126 |
| Rexford Industrial Realty, Inc.  | 220098 | 7756254 |
| RLJ Lodging Trust  | 1222312 | 8922878 |
| Ryman Hospitality Properties, Inc.  | 78459 | 7619154 |
| Sabra Health Care REIT, Inc.  | 818390 | 14305457 |
| Service Properties Trust  | 4533917 | 10518687 |
| Sila Realty Trust, Inc.  | 34979 | 871677 |
| SITE Centers Corp.  | 105087 | 1252637 |
| SL Green Realty Corp.  | 325340 | 18469552 |
| STAG Industrial, Inc.  | 317663 | 11302450 |
| Summit Hotel Properties, Inc.  | 128575 | 563159 |
| Sunstone Hotel Investors, Inc.  | 890573 | 7979534 |
| Tanger, Inc.  | 242118 | 7215116 |
| Terreno Realty Corp.  | 81946 | 4623393 |
| Uniti Group, Inc.  | 3138014 | 13493460 |
| Urban Edge Properties  | 366057 | 6647595 |
| Veris Residential, Inc.  | 227062 | 3451342 |
| Xenia Hotels & Resorts, Inc.  | 594150 | 7266455 |
|  |  | **624943706** |
| **Financial Services 7.4%** | **Financial Services 7.4%** | **Financial Services 7.4%** |
| Acadian Asset Management, Inc.  | 54654 | 1645632 |
| AGNC Investment Corp.  | 1297216 | 11597111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, <br> Inc. <br>| 896564 | 8813224 |
| Apollo Global Management, Inc.  | 123829 | 16183212 |
| Arbor Realty Trust, Inc. *(a)* | 708870 | 6790975 |
| ARES Management Corp., Class A  | 85413 | 14135851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, <br> Inc., Class A <br>| 301963 | 12169109 |
| B Riley Financial, Inc. \**(a)* | 224358 | 684292 |
| BGC Group, Inc., Class A  | 906779 | 8414909 |
| Blackstone Mortgage Trust, Inc., Class A  | 810563 | 15311535 |
| BrightSpire Capital, Inc.  | 222706 | 1126892 |
| Chimera Investment Corp.  | 912527 | 12027106 |
| Claros Mortgage Trust, Inc.  | 1146500 | 2946505 |
| Cohen & Steers, Inc.  | 60618 | 4657887 |
| Coinbase Global, Inc., Class A \* | 28627 | 7059991 |
| Credit Acceptance Corp. \* | 28853 | 13771537 |
| DigitalBridge Group, Inc.  | 1268388 | 14028371 |
| Donnelley Financial Solutions, Inc. \* | 104930 | 5716586 |
| Enact Holdings, Inc.  | 26032 | 921533 |
| Encore Capital Group, Inc. \* | 236764 | 8973356 |
| Enova International, Inc. \* | 136492 | 12648714 |
| Essent Group Ltd.  | 276617 | 16043786 |
| Euronet Worldwide, Inc. \* | 168952 | 18294123 |
| EZCORP, Inc., Class A \* | 73423 | 987539 |
| FactSet Research Systems, Inc.  | 41973 | 19234547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Agricultural Mortgage Corp., <br> Class C <br>| 20142 | 3754872 |
| Federated Hermes, Inc.  | 467118 | 19712380 |
| FirstCash Holdings, Inc.  | 142491 | 18226024 |
| Franklin BSP Realty Trust, Inc.  | 421859 | 4653105 |
| Green Dot Corp., Class A \* | 116393 | 1075471 |
| Hamilton Lane, Inc., Class A  | 6581 | 980569 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Houlihan Lokey, Inc.  | 89072 | 15559097 |
| Interactive Brokers Group, Inc., Class A  | 50667 | 10623857 |
| Janus Henderson Group PLC  | 109944 | 3994266 |
| KKR Real Estate Finance Trust, Inc.  | 93692 | 836670 |
| Ladder Capital Corp.  | 570964 | 6006541 |
| LendingClub Corp. \* | 68443 | 686483 |
| loanDepot, Inc., Class A \* | 481673 | 630992 |
| MarketAxess Holdings, Inc.  | 54839 | 11867708 |
| MFA Financial, Inc.  | 761802 | 7084759 |
| Moelis & Co., Class A  | 225647 | 12886700 |
| Morningstar, Inc.  | 28875 | 8905627 |
| Mr. Cooper Group, Inc. \* | 204993 | 26552743 |
| Navient Corp.  | 365176 | 4907965 |
| NCR Atleos Corp. \* | 141214 | 3743583 |
| Nelnet, Inc., Class A  | 49430 | 5742777 |
| New York Mortgage Trust, Inc.  | 223802 | 1461427 |
| NMI Holdings, Inc., Class A \* | 172025 | 6832833 |
| Oppenheimer Holdings, Inc., Class A  | 16142 | 1053911 |
| Paysafe Ltd. \* | 58064 | 717090 |
| PennyMac Financial Services, Inc.  | 155058 | 14885568 |
| PennyMac Mortgage Investment Trust  | 587346 | 7212609 |
| Piper Sandler Cos.  | 40668 | 10225969 |
| PJT Partners, Inc., Class A  | 31537 | 4751364 |
| PRA Group, Inc. \* | 59884 | 849754 |
| PROG Holdings, Inc.  | 314385 | 9063720 |
| Radian Group, Inc.  | 636872 | 21749179 |
| Ready Capital Corp.  | 780042 | 3486788 |
| Redwood Trust, Inc.  | 184112 | 1003410 |
| Regional Management Corp.  | 28569 | 755650 |
| Rocket Cos., Inc., Class A *(a)* | 365974 | 4666169 |
| Shift4 Payments, Inc., Class A \* | 6602 | 625804 |
| Stifel Financial Corp.  | 218838 | 20618916 |
| Toast, Inc., Class A \* | 193356 | 8155756 |
| TPG RE Finance Trust, Inc.  | 105276 | 808520 |
| TPG, Inc.  | 128515 | 6185427 |
| Tradeweb Markets, Inc., Class A  | 65910 | 9520699 |
| Two Harbors Investment Corp.  | 465587 | 4930566 |
| Victory Capital Holdings, Inc., Class A  | 98983 | 6137936 |
| Virtu Financial, Inc., Class A  | 504775 | 20286907 |
| Virtus Investment Partners, Inc.  | 33606 | 5736544 |
| Walker & Dunlop, Inc.  | 137090 | 9389294 |
| WEX, Inc. \* | 83054 | 11040368 |
| World Acceptance Corp. \* | 6619 | 1022503 |
|  |  | **595791193** |
| **Food, Beverage & Tobacco 2.1%** | **Food, Beverage & Tobacco 2.1%** | **Food, Beverage & Tobacco 2.1%** |
| B&G Foods, Inc.  | 432296 | 1819966 |
| Boston Beer Co., Inc., Class A \* | 37762 | 8679596 |
| Calavo Growers, Inc.  | 50835 | 1400504 |
| Cal-Maine Foods, Inc.  | 203829 | 19553316 |
| Coca-Cola Consolidated, Inc.  | 104245 | 11951689 |
| Fresh Del Monte Produce, Inc.  | 655006 | 23134812 |
| Hain Celestial Group, Inc. \* | 717571 | 1341858 |
| J&J Snack Foods Corp.  | 39208 | 4515585 |
| John B Sanfilippo & Son, Inc.  | 57766 | 3589579 |
| Lancaster Colony Corp.  | 55156 | 9233114 |
| MGP Ingredients, Inc.  | 24826 | 730381 |
| Nomad Foods Ltd.  | 952597 | 16670448 |
| Pilgrim's Pride Corp.  | 193988 | 9536450 |
| Seaboard Corp.  | 4466 | 11956286 |
| Seneca Foods Corp., Class A \* | 14918 | 1406917 |
| Simply Good Foods Co. \* | 175458 | 6055056 |
| TreeHouse Foods, Inc. \* | 417316 | 9372917 |
| Universal Corp.  | 281865 | 18431152 |
| WK Kellogg Co.  | 552876 | 9354662 |
|  |  | **168734288** |

---

**28**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Health Care Equipment & Services 4.5%** | **Health Care Equipment & Services 4.5%** | **Health Care Equipment & Services 4.5%** |
| Acadia Healthcare Co., Inc. \* | 366914 | 8306933 |
| AdaptHealth Corp. \* | 269195 | 2417371 |
| Addus HomeCare Corp. \* | 42965 | 4765248 |
| agilon health, Inc. \* | 1911569 | 4243683 |
| Amedisys, Inc. \* | 134097 | 12614505 |
| AMN Healthcare Services, Inc. \* | 390824 | 8250295 |
| Astrana Health, Inc. \* | 102022 | 2529125 |
| Avanos Medical, Inc. \* | 79869 | 1003953 |
| BrightSpring Health Services, Inc. \* | 41218 | 981401 |
| Brookdale Senior Living, Inc. \* | 1127661 | 7341073 |
| Chemed Corp.  | 38319 | 22027294 |
| Claritev Corp. \* | 50128 | 1927422 |
| Clover Health Investments Corp. \* | 182742 | 573810 |
| Concentra Group Holdings Parent, Inc.  | 445625 | 9638869 |
| CONMED Corp.  | 93480 | 5304990 |
| Cross Country Healthcare, Inc. \* | 116087 | 1530027 |
| Dexcom, Inc. \* | 186332 | 15987286 |
| Embecta Corp.  | 137215 | 1444874 |
| Enhabit, Inc. \* | 150041 | 1575431 |
| Enovis Corp. \* | 272848 | 8540142 |
| Ensign Group, Inc.  | 91141 | 13421424 |
| Envista Holdings Corp. \* | 1044494 | 19082905 |
| Evolent Health, Inc., Class A \* | 104443 | 778100 |
| Fulgent Genetics, Inc. \* | 61388 | 1271959 |
| Globus Medical, Inc., Class A \* | 121878 | 7212740 |
| Haemonetics Corp. \* | 117302 | 7942518 |
| HealthEquity, Inc. \* | 67004 | 6741272 |
| ICU Medical, Inc. \* | 67347 | 9082416 |
| Insulet Corp. \* | 18567 | 6034832 |
| Integer Holdings Corp. \* | 72694 | 8633139 |
| Integra LifeSciences Holdings Corp. \* | 412144 | 5217743 |
| Lantheus Holdings, Inc. \* | 14846 | 1121764 |
| LivaNova PLC \* | 96944 | 4192828 |
| Masimo Corp. \* | 91442 | 14859325 |
| Merit Medical Systems, Inc. \* | 81031 | 7700376 |
| National HealthCare Corp.  | 62837 | 6543845 |
| Neogen Corp. \* | 366582 | 2148171 |
| OmniAb, Inc., Class A \**(b)* | 9356 | 0 |
| OmniAb, Inc., Class B \**(b)* | 9356 | 0 |
| Omnicell, Inc. \* | 160811 | 4883830 |
| Option Care Health, Inc. \* | 506647 | 16557224 |
| Owens & Minor, Inc. \* | 1610263 | 10627736 |
| Pediatrix Medical Group, Inc. \* | 175555 | 2484103 |
| Penumbra, Inc. \* | 19054 | 5086846 |
| Premier, Inc., Class A  | 993513 | 22830929 |
| Privia Health Group, Inc. \* | 195410 | 4447532 |
| QuidelOrtho Corp. \* | 291261 | 8932975 |
| RadNet, Inc. \* | 16470 | 946860 |
| Select Medical Holdings Corp.  | 535705 | 8190929 |
| Surgery Partners, Inc. \* | 218487 | 5158478 |
| Teladoc Health, Inc. \* | 840054 | 5813174 |
| Varex Imaging Corp. \* | 75777 | 581210 |
| Veeva Systems, Inc., Class A \* | 68806 | 19245038 |
| Waystar Holding Corp. \* | 17966 | 718281 |
| Zimvie, Inc. \* | 126232 | 1153761 |
|  |  | **360647995** |
| **Household & Personal Products 1.1%** | **Household & Personal Products 1.1%** | **Household & Personal Products 1.1%** |
| BellRing Brands, Inc. \* | 59038 | 3716442 |
| Central Garden & Pet Co. \* | 42436 | 1530242 |
| Central Garden & Pet Co., Class A \* | 338115 | 10809537 |
| Coty, Inc., Class A \* | 1099218 | 5419145 |
| Edgewell Personal Care Co.  | 344320 | 9510118 |
| elf Beauty, Inc. \* | 11743 | 1320970 |
| Energizer Holdings, Inc.  | 314903 | 7334091 |
| Herbalife Ltd. \* | 1753102 | 13691727 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Interparfums, Inc.  | 30318 | 4129918 |
| Medifast, Inc. \* | 137036 | 1928096 |
| Nu Skin Enterprises, Inc., Class A  | 514019 | 4435984 |
| Reynolds Consumer Products, Inc.  | 231676 | 5115406 |
| Spectrum Brands Holdings, Inc.  | 231453 | 13371040 |
| USANA Health Sciences, Inc. \* | 47444 | 1417152 |
| WD-40 Co.  | 19868 | 4840441 |
|  |  | **88570309** |
| **Insurance 1.6%** | **Insurance 1.6%** | **Insurance 1.6%** |
| AMERISAFE, Inc.  | 23404 | 1110988 |
| Brighthouse Financial, Inc. \* | 31716 | 1896934 |
| CNA Financial Corp.  | 102742 | 4922369 |
| Employers Holdings, Inc.  | 151311 | 7364306 |
| Erie Indemnity Co., Class A  | 30384 | 10892968 |
| Hanover Insurance Group, Inc.  | 29821 | 5247899 |
| Horace Mann Educators Corp.  | 151120 | 6563142 |
| Kemper Corp.  | 297504 | 18959930 |
| Kinsale Capital Group, Inc.  | 8995 | 4245550 |
| Mercury General Corp.  | 119189 | 7685307 |
| ProAssurance Corp. \* | 56753 | 1316102 |
| RLI Corp.  | 162318 | 12477385 |
| Safety Insurance Group, Inc.  | 84338 | 6927523 |
| Selective Insurance Group, Inc.  | 167403 | 14734812 |
| Stewart Information Services Corp.  | 222239 | 13409901 |
| White Mountains Insurance Group Ltd.  | 7726 | 13789365 |
|  |  | **131544481** |
| **Materials 5.1%** | **Materials 5.1%** | **Materials 5.1%** |
| AdvanSix, Inc.  | 69154 | 1625811 |
| Alpha Metallurgical Resources, Inc. \* | 54584 | 6115591 |
| Ardagh Metal Packaging SA  | 308390 | 1202721 |
| Ashland, Inc.  | 175677 | 8697768 |
| Avient Corp.  | 385259 | 13919408 |
| Balchem Corp.  | 47689 | 7949756 |
| Cabot Corp.  | 184603 | 13787998 |
| Carpenter Technology Corp.  | 78816 | 18521760 |
| Clearwater Paper Corp. \* | 79103 | 2277375 |
| Coeur Mining, Inc. \* | 709225 | 5730538 |
| Compass Minerals International, Inc. \* | 157776 | 3030877 |
| Ecovyst, Inc. \* | 974283 | 7258408 |
| Element Solutions, Inc.  | 685355 | 14652890 |
| Ferroglobe PLC  | 266142 | 966095 |
| Greif, Inc., Class A  | 274117 | 15240905 |
| Hawkins, Inc.  | 45444 | 6066320 |
| HB Fuller Co.  | 240546 | 13427278 |
| Hecla Mining Co.  | 1271809 | 6537098 |
| Ingevity Corp. \* | 265852 | 10998297 |
| Innospec, Inc.  | 103107 | 8772344 |
| Kaiser Aluminum Corp.  | 118907 | 8631459 |
| Knife River Corp. \* | 161326 | 15180777 |
| Koppers Holdings, Inc.  | 195776 | 6014239 |
| LSB Industries, Inc. \* | 108626 | 822299 |
| Magnera Corp. \* | 37942 | 456063 |
| Materion Corp.  | 68323 | 5290250 |
| Mativ Holdings, Inc.  | 227208 | 1299630 |
| Metallus, Inc. \* | 107291 | 1355085 |
| Minerals Technologies, Inc.  | 173490 | 9850762 |
| MP Materials Corp. \* | 202737 | 4417639 |
| Myers Industries, Inc.  | 86249 | 1094500 |
| NewMarket Corp.  | 27444 | 17675583 |
| Olympic Steel, Inc.  | 60229 | 1785790 |
| Orion SA  | 442537 | 4819228 |
| Perimeter Solutions, Inc. \* | 19834 | 239396 |
| Quaker Chemical Corp.  | 44672 | 4844232 |
| Radius Recycling, Inc., Class A  | 236626 | 7006496 |
| Rayonier Advanced Materials, Inc. \* | 218421 | 840921 |

---

**29**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Royal Gold, Inc.  | 80714 | 14376778 |
| Ryerson Holding Corp.  | 762915 | 15838115 |
| Scotts Miracle-Gro Co.  | 203332 | 12110454 |
| Sensient Technologies Corp.  | 162383 | 15350065 |
| Silgan Holdings, Inc.  | 388641 | 21402460 |
| Southern Copper Corp.  | 181597 | 16508983 |
| Stepan Co.  | 186292 | 10113793 |
| SunCoke Energy, Inc.  | 238099 | 1938126 |
| Sylvamo Corp.  | 185724 | 9837800 |
| Tredegar Corp. \* | 116145 | 973295 |
| TriMas Corp.  | 235816 | 6218468 |
| Trinseo PLC  | 268136 | 812452 |
| Tronox Holdings PLC  | 1475792 | 8382499 |
| Warrior Met Coal, Inc.  | 324330 | 14740798 |
| Worthington Steel, Inc.  | 107577 | 2678667 |
|  |  | **409686340** |
| **Media & Entertainment 2.9%** | **Media & Entertainment 2.9%** | **Media & Entertainment 2.9%** |
| Advantage Solutions, Inc. \* | 375500 | 446845 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMC Entertainment Holdings, Inc., <br> Class A \*<br>| 733614 | 2611666 |
| AMC Networks, Inc., Class A \* | 325483 | 2151443 |
| Angi, Inc. \* | 142644 | 2232379 |
| Cable One, Inc.  | 39112 | 5723259 |
| Cargurus, Inc. \* | 198058 | 6207138 |
| Cars.com, Inc. \* | 230081 | 2358330 |
| Cinemark Holdings, Inc.  | 250647 | 8464349 |
| Clear Channel Outdoor Holdings, Inc. \* | 704975 | 754323 |
| EchoStar Corp., Class A \* | 526796 | 9340093 |
| EW Scripps Co., Class A \* | 1098480 | 2438626 |
| Gannett Co., Inc. \* | 361444 | 1279512 |
| Gray Media, Inc.  | 990747 | 3933266 |
| IAC, Inc. \* | 273763 | 9844517 |
| iHeartMedia, Inc., Class A \* | 1045959 | 1370206 |
| John Wiley & Sons, Inc., Class A  | 249393 | 9756254 |
| Liberty Broadband Corp., Class C \* | 111362 | 10445756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Formula <br> One, Class C \*<br>| 204364 | 19727257 |
| Lionsgate Studios Corp. \* | 515272 | 3725416 |
| Live Nation Entertainment, Inc. \* | 36753 | 5042144 |
| Match Group, Inc.  | 568135 | 17009962 |
| New York Times Co., Class A  | 303211 | 17319412 |
| Pinterest, Inc., Class A \* | 325049 | 10112274 |
| Roku, Inc. \* | 127265 | 9221622 |
| Scholastic Corp.  | 317759 | 5487698 |
| Shutterstock, Inc.  | 127563 | 2353537 |
| Sinclair, Inc.  | 335187 | 4702674 |
| Sirius XM Holdings, Inc.  | 163888 | 3553092 |
| Snap, Inc., Class A \* | 703047 | 5800138 |
| Starz Entertainment Corp. \* | 34880 | 731085 |
| Thryv Holdings, Inc. \* | 85170 | 1132761 |
| TKO Group Holdings, Inc.  | 33084 | 5220986 |
| Trade Desk, Inc., Class A \* | 66962 | 5036882 |
| TripAdvisor, Inc. \* | 420418 | 5986752 |
| Warner Music Group Corp., Class A  | 131556 | 3462554 |
| WideOpenWest, Inc. \* | 192508 | 810459 |
| Yelp, Inc. \* | 402908 | 15378998 |
| Ziff Davis, Inc. \* | 306485 | 9942373 |
| ZoomInfo Technologies, Inc. \* | 533168 | 5091754 |
|  |  | **236207792** |
| **Pharmaceuticals, Biotechnology & Life Sciences 2.9%** | **Pharmaceuticals, Biotechnology & Life Sciences 2.9%** | **Pharmaceuticals, Biotechnology & Life Sciences 2.9%** |
| Amneal Pharmaceuticals, Inc. \* | 112944 | 826750 |
| Azenta, Inc. \* | 110519 | 2953068 |
| BioMarin Pharmaceutical, Inc. \* | 169774 | 9858776 |
| Bio-Rad Laboratories, Inc., Class A \* | 58055 | 13174421 |
| Bio-Techne Corp.  | 159423 | 7716073 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Bruker Corp.  | 203288 | 7460670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories International, <br> Inc. \*<br>| 81385 | 11038248 |
| Collegium Pharmaceutical, Inc. \* | 26894 | 783691 |
| Corcept Therapeutics, Inc. \* | 129588 | 10050845 |
| Elanco Animal Health, Inc. \* | 1149247 | 15445880 |
| Emergent BioSolutions, Inc. \* | 217225 | 1372862 |
| Exact Sciences Corp. \* | 104171 | 5862744 |
| Exelixis, Inc. \* | 470597 | 20254495 |
| Fortrea Holdings, Inc. \* | 269822 | 1160235 |
| Halozyme Therapeutics, Inc. \* | 118105 | 6622147 |
| Incyte Corp. \* | 296787 | 19308962 |
| Innoviva, Inc. \* | 70470 | 1379098 |
| Ironwood Pharmaceuticals, Inc. \* | 1055085 | 632101 |
| Jazz Pharmaceuticals PLC \* | 153258 | 16562592 |
| Medpace Holdings, Inc. \* | 16173 | 4769418 |
| Myriad Genetics, Inc. \* | 192397 | 806143 |
| Neurocrine Biosciences, Inc. \* | 70619 | 8687549 |
| Pacira BioSciences, Inc. \* | 38639 | 998432 |
| Prestige Consumer Healthcare, Inc. \* | 120779 | 10347137 |
| Repligen Corp. \* | 33752 | 3985099 |
| Royalty Pharma PLC, Class A  | 737875 | 24261330 |
| Sotera Health Co. \* | 71224 | 871782 |
| Supernus Pharmaceuticals, Inc. \* | 141645 | 4490146 |
| United Therapeutics Corp. \* | 50737 | 16177492 |
| Vir Biotechnology, Inc. \* | 388037 | 1916903 |
|  |  | **229775089** |
| **Real Estate Management & Development 1.2%** | **Real Estate Management & Development 1.2%** | **Real Estate Management & Development 1.2%** |
| Anywhere Real Estate, Inc. \* | 1137983 | 3971561 |
| Compass, Inc., Class A \* | 2265652 | 13390003 |
| CoStar Group, Inc. \* | 253292 | 18632160 |
| Cushman & Wakefield PLC \* | 1161457 | 11649414 |
| eXp World Holdings, Inc.  | 704693 | 6003984 |
| Howard Hughes Holdings, Inc. \* | 58329 | 3984454 |
| Kennedy-Wilson Holdings, Inc.  | 698801 | 4451362 |
| Marcus & Millichap, Inc.  | 133918 | 3858178 |
| Newmark Group, Inc., Class A  | 661485 | 7282950 |
| Opendoor Technologies, Inc. \* | 5396495 | 3519594 |
| Seaport Entertainment Group, Inc. \* | 2521 | 49260 |
| Zillow Group, Inc., Class C \* | 286903 | 19254060 |
|  |  | **96046980** |
| **Semiconductors & Semiconductor Equipment 2.3%** | **Semiconductors & Semiconductor Equipment 2.3%** | **Semiconductors & Semiconductor Equipment 2.3%** |
| Allegro MicroSystems, Inc. \* | 47247 | 1197711 |
| Alpha & Omega Semiconductor Ltd. \* | 24145 | 512357 |
| Amkor Technology, Inc.  | 768309 | 13844928 |
| Axcelis Technologies, Inc. \* | 70028 | 3945378 |
| Cirrus Logic, Inc. \* | 174525 | 17166279 |
| Cohu, Inc. \* | 228963 | 3908398 |
| Diodes, Inc. \* | 246912 | 10962893 |
| Enphase Energy, Inc. \* | 115275 | 4771232 |
| Entegris, Inc.  | 168568 | 11587364 |
| First Solar, Inc. \* | 86319 | 13645308 |
| FormFactor, Inc. \* | 151603 | 4525350 |
| GLOBALFOUNDRIES, Inc. \* | 195504 | 6999043 |
| Ichor Holdings Ltd. \* | 162863 | 2569978 |
| Lattice Semiconductor Corp. \* | 107601 | 4835589 |
| &nbsp;&nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, <br> Inc. \*<br>| 8008 | 973853 |
| MaxLinear, Inc. \* | 303119 | 3452525 |
| MKS, Inc.  | 46894 | 3854218 |
| Monolithic Power Systems, Inc.  | 19531 | 12927569 |
| Onto Innovation, Inc. \* | 40518 | 3725225 |
| Penguin Solutions, Inc. \* | 238810 | 4241266 |
| Photronics, Inc. \* | 300152 | 5015540 |
| Power Integrations, Inc.  | 157114 | 7813279 |

---

**30**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Rambus, Inc. \* | 84945 | 4542009 |
| Semtech Corp. \* | 151505 | 5655682 |
| Silicon Laboratories, Inc. \* | 132545 | 15975649 |
| Synaptics, Inc. \* | 120950 | 7107022 |
| Ultra Clean Holdings, Inc. \* | 217429 | 4211600 |
| Universal Display Corp.  | 45952 | 6587219 |
| Wolfspeed, Inc. \**(a)* | 208828 | 248505 |
|  |  | **186802969** |
| **Software & Services 4.5%** | **Software & Services 4.5%** | **Software & Services 4.5%** |
| ACI Worldwide, Inc. \* | 242636 | 11224341 |
| Alarm.com Holdings, Inc. \* | 63463 | 3642776 |
| AppLovin Corp., Class A \* | 44679 | 17558847 |
| Bentley Systems, Inc., Class B  | 101730 | 4855573 |
| Blackbaud, Inc. \* | 70090 | 4361701 |
| CCC Intelligent Solutions Holdings, Inc. \* | 117616 | 1032668 |
| Commvault Systems, Inc. \* | 51128 | 9364093 |
| Consensus Cloud Solutions, Inc. \* | 28897 | 634867 |
| Crowdstrike Holdings, Inc., Class A \* | 2514 | 1185024 |
| Datadog, Inc., Class A \* | 6538 | 770699 |
| DigitalOcean Holdings, Inc. \* | 19876 | 562491 |
| Docusign, Inc. \* | 11329 | 1003863 |
| Dolby Laboratories, Inc., Class A  | 186528 | 13851569 |
| Dropbox, Inc., Class A \* | 774830 | 22361594 |
| Dynatrace, Inc. \* | 87155 | 4707242 |
| Fair Isaac Corp. \* | 10481 | 18093141 |
| Globant SA \* | 11294 | 1107828 |
| Guidewire Software, Inc. \* | 28727 | 6176880 |
| HubSpot, Inc. \* | 1140 | 672486 |
| InterDigital, Inc.  | 48765 | 10594684 |
| LiveRamp Holdings, Inc. \* | 312078 | 10167501 |
| Manhattan Associates, Inc. \* | 37664 | 7110210 |
| NCR Voyix Corp. \* | 1151704 | 12772397 |
| Okta, Inc. \* | 59457 | 6134179 |
| Palantir Technologies, Inc., Class A \* | 165575 | 21819474 |
| Progress Software Corp.  | 87215 | 5368955 |
| PTC, Inc. \* | 66500 | 11193280 |
| Qualys, Inc. \* | 49544 | 6864321 |
| RingCentral, Inc., Class A \* | 163003 | 4226668 |
| ServiceNow, Inc. \* | 21271 | 21506895 |
| Snowflake, Inc., Class A \* | 32985 | 6784025 |
| SPS Commerce, Inc. \* | 21419 | 3014938 |
| Teradata Corp. \* | 536686 | 11785625 |
| Twilio, Inc., Class A \* | 176046 | 20720614 |
| Tyler Technologies, Inc. \* | 19522 | 11263999 |
| Unisys Corp. \* | 151652 | 723380 |
| Unity Software, Inc. \* | 111496 | 2907816 |
| Verint Systems, Inc. \* | 153996 | 2701090 |
| VeriSign, Inc.  | 111602 | 30408197 |
| Workday, Inc., Class A \* | 54398 | 13474929 |
| Zoom Communications, Inc., Class A \* | 210237 | 17081756 |
|  |  | **361792616** |
| **Technology Hardware & Equipment 3.7%** | **Technology Hardware & Equipment 3.7%** | **Technology Hardware & Equipment 3.7%** |
| Advanced Energy Industries, Inc.  | 94543 | 10851645 |
| Badger Meter, Inc.  | 25951 | 6441557 |
| Belden, Inc.  | 119913 | 12734761 |
| Benchmark Electronics, Inc.  | 306211 | 11182826 |
| Calix, Inc. \* | 116872 | 5404161 |
| Cognex Corp.  | 384048 | 11509919 |
| Coherent Corp. \* | 49821 | 3767962 |
| CommScope Holding Co., Inc. \* | 846832 | 5114865 |
| Crane NXT Co.  | 126957 | 6806165 |
| CTS Corp.  | 98287 | 3999298 |
| ePlus, Inc. \* | 121327 | 8659108 |
| Ingram Micro Holding Corp.  | 71800 | 1373534 |
| IPG Photonics Corp. \* | 174101 | 11535932 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Itron, Inc. \* | 98486 | 11384982 |
| Kimball Electronics, Inc. \* | 78425 | 1419492 |
| Knowles Corp. \* | 372763 | 6117041 |
| Littelfuse, Inc.  | 73312 | 15033359 |
| Lumentum Holdings, Inc. \* | 248594 | 17968374 |
| Methode Electronics, Inc.  | 165462 | 1315423 |
| NETGEAR, Inc. \* | 46791 | 1372380 |
| NetScout Systems, Inc. \* | 436539 | 9970551 |
| Novanta, Inc. \* | 29842 | 3695036 |
| OSI Systems, Inc. \* | 52061 | 11407086 |
| PC Connection, Inc.  | 112592 | 7363517 |
| Plexus Corp. \* | 123835 | 16254582 |
| Pure Storage, Inc., Class A \* | 106654 | 5715588 |
| Rogers Corp. \* | 77287 | 5144996 |
| ScanSource, Inc. \* | 75425 | 3045661 |
| Super Micro Computer, Inc. \* | 386584 | 15471092 |
| TTM Technologies, Inc. \* | 681950 | 20363027 |
| Viasat, Inc. \* | 1175826 | 10264961 |
| Viavi Solutions, Inc. \* | 1042657 | 9498605 |
| Vishay Intertechnology, Inc.  | 890118 | 12523960 |
| Vontier Corp.  | 415392 | 14850264 |
|  |  | **299561710** |
| **Telecommunication Services 0.4%** | **Telecommunication Services 0.4%** | **Telecommunication Services 0.4%** |
| Cogent Communications Holdings, Inc.  | 93314 | 4265383 |
| GCI Liberty, Inc. \**(b)* | 31423 | 0 |
| IDT Corp., Class B  | 19111 | 1177046 |
| IHS Holding Ltd. \* | 394878 | 2191573 |
| Iridium Communications, Inc.  | 312734 | 7943444 |
| Liberty Latin America Ltd., Class C \* | 1938754 | 9693770 |
| Shenandoah Telecommunications Co.  | 82905 | 1042945 |
| U.S. Cellular Corp. \* | 85731 | 5312750 |
|  |  | **31626911** |
| **Transportation 2.3%** | **Transportation 2.3%** | **Transportation 2.3%** |
| Allegiant Travel Co. \* | 150566 | 8368458 |
| American Airlines Group, Inc. \* | 273899 | 3125188 |
| ArcBest Corp.  | 178983 | 11220444 |
| Covenant Logistics Group, Inc., Class A  | 30918 | 701839 |
| Forward Air Corp. \* | 439051 | 7367276 |
| Genco Shipping & Trading Ltd.  | 99082 | 1311846 |
| Global Ship Lease, Inc., Class A  | 60541 | 1504444 |
| Heartland Express, Inc.  | 393671 | 3523355 |
| JetBlue Airways Corp. \* | 3341386 | 16873999 |
| Kirby Corp. \* | 135534 | 14995482 |
| Lyft, Inc., Class A \* | 210909 | 3214253 |
| Marten Transport Ltd.  | 442902 | 5775442 |
| RXO, Inc. \* | 624774 | 9702740 |
| Saia, Inc. \* | 43660 | 11544141 |
| Schneider National, Inc., Class B  | 371094 | 8598248 |
| SkyWest, Inc. \* | 228065 | 23137194 |
| Southwest Airlines Co.  | 124477 | 4155042 |
| Sun Country Airlines Holdings, Inc. \* | 49288 | 570755 |
| United Airlines Holdings, Inc. \* | 319727 | 25400712 |
| Werner Enterprises, Inc.  | 144988 | 3762439 |
| XPO, Inc. \* | 146340 | 16657882 |
|  |  | **181511179** |
| **Utilities 3.7%** | **Utilities 3.7%** | **Utilities 3.7%** |
| ALLETE, Inc.  | 241728 | 15721989 |
| American States Water Co.  | 74482 | 5874395 |
| Avista Corp.  | 410508 | 15808663 |
| Black Hills Corp.  | 360866 | 21099835 |
| California Water Service Group  | 151473 | 7157099 |
| Chesapeake Utilities Corp.  | 49963 | 6104979 |
| Clearway Energy, Inc., Class C  | 358839 | 11041476 |

---

**31**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Essential Utilities, Inc.  | 443198 | 17076419 |
| H2O America  | 96815 | 5080851 |
| Hawaiian Electric Industries, Inc. \* | 1740142 | 18584717 |
| IDACORP, Inc.  | 167082 | 19874404 |
| MDU Resources Group, Inc.  | 181083 | 3112817 |
| MGE Energy, Inc.  | 82215 | 7425659 |
| New Jersey Resources Corp.  | 361055 | 16568814 |
| Northwest Natural Holding Co.  | 208198 | 8529872 |
| Northwestern Energy Group, Inc.  | 300033 | 16600826 |
| ONE Gas, Inc.  | 255762 | 19120767 |
| Ormat Technologies, Inc.  | 119573 | 8887861 |
| Otter Tail Corp.  | 129428 | 9989253 |
| Southwest Gas Holdings, Inc.  | 298896 | 21469700 |
| Spire, Inc.  | 271985 | 20475031 |
| Talen Energy Corp. \* | 10187 | 2485119 |
| TXNM Energy, Inc.  | 409992 | 23242446 |
| Unitil Corp.  | 16956 | 929697 |
|  |  | **302262689** |
| **Total Common Stocks**<br> **(Cost $7,661,535,190)** | **Total Common Stocks**<br> **(Cost $7,661,535,190)** | **8050495680** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.3% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.3% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.3% OF NET ASSETS |
| **Money Market Funds 0.3%** | **Money Market Funds 0.3%** | **Money Market Funds 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(c)*<br>| 6899688 | 6899688 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(c)(d)*<br>| 15920343 | 15920343 |
|  |  | **22820031** |
| **Total Short-Term Investments**<br> **(Cost $22,820,031)** | **Total Short-Term Investments**<br> **(Cost $22,820,031)** | **22820031** |
| **Total Investments in Securities**<br> **(Cost $7,684,355,221)** | **Total Investments in Securities**<br> **(Cost $7,684,355,221)** | **8073315711** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Russell 2000 Index, e-mini, <br> expires 06/20/25<br>| 102 | 10548330 | **78414** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $14,930,917. 

*(b)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(c)* The rate shown is the annualized 7-day yield.

*(d)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Below is a summary of the fund's transactions with affiliated issuers and companies which are or were affiliates during the period ended May 31, 2025. An affiliated company is a company in which the investment adviser has or had an ownership of at least 5% of the voting securities of a security issue during the report period. A dash in the Value at February 28, 2025, and/or Value and Balance of Shares Held at May 31, 2025, columns means either the issuer was not held or not held as an affiliate on the stated date.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 2/28/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 5/31/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 5/31/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS |
| **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** | **Consumer Services 0.0%** |
| Cracker Barrel Old Country Store, Inc. | $16173738 | $1939129 | ($2091516)<br>| $146474 | $4412065 | **$—** |  | $98464 |

---

------

**32**

------

Schwab Fundamental U.S. Small Company ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks <sup>1</sup> <br>| $7658220774 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $7658220774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Services | 360647995 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 360647995 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 31626911 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 31626911 |
| Short-Term Investments <sup>1</sup> <br>| 22820031 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22820031 |
| Futures Contracts <sup>2</sup> <br>| 78414 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 78414 |
| **Total** | **$8073394125** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$8073394125** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at May 31, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**33**

------

Schwab Strategic Trust

Schwab Fundamental International Equity ETF

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 98.0% OF NET ASSETS | **COMMON STOCKS** 98.0% OF NET ASSETS | **COMMON STOCKS** 98.0% OF NET ASSETS |
| **Australia 4.4%** | **Australia 4.4%** | **Australia 4.4%** |
| AGL Energy Ltd.  | 1129593 | 7378537 |
| Ampol Ltd.  | 412983 | 6785240 |
| ANZ Group Holdings Ltd.  | 1925364 | 35982531 |
| APA Group  | 1014152 | 5410530 |
| Aristocrat Leisure Ltd.  | 147171 | 5910022 |
| Aurizon Holdings Ltd.  | 2641729 | 5015249 |
| BHP Group Ltd.  | 4974828 | 122459295 |
| BlueScope Steel Ltd.  | 919198 | 13457758 |
| Brambles Ltd.  | 815557 | 12171310 |
| Coles Group Ltd.  | 1109364 | 15420912 |
| Commonwealth Bank of Australia  | 582394 | 65945992 |
| Computershare Ltd.  | 182551 | 4725073 |
| CSL Ltd.  | 103150 | 16395733 |
| Downer EDI Ltd.  | 1572111 | 6151330 |
| Dyno Nobel Ltd.  | 2252106 | 3884238 |
| Endeavour Group Ltd.  | 1600003 | 4190805 |
| Fortescue Ltd.  | 1868294 | 18504020 |
| Goodman Group  | 157284 | 3332166 |
| Insurance Australia Group Ltd.  | 1103291 | 6134597 |
| JB Hi-Fi Ltd.  | 105642 | 7329560 |
| Lendlease Corp. Ltd.  | 1284429 | 4827310 |
| Macquarie Group Ltd.  | 139661 | 19252943 |
| Medibank Pvt Ltd.  | 2139619 | 6568059 |
| Metcash Ltd.  | 1939957 | 4219792 |
| Mineral Resources Ltd. \* | 121713 | 1738107 |
| Mirvac Group  | 2069800 | 3076965 |
| National Australia Bank Ltd.  | 1505589 | 36819024 |
| Northern Star Resources Ltd.  | 364954 | 4927491 |
| Orica Ltd.  | 324486 | 3923783 |
| Origin Energy Ltd.  | 1137936 | 7923688 |
| QBE Insurance Group Ltd.  | 688619 | 10263602 |
| Ramsay Health Care Ltd.  | 189342 | 4666895 |
| Rio Tinto Ltd.  | 484777 | 35147464 |
| Santos Ltd.  | 2420998 | 10267438 |
| Scentre Group  | 2447629 | 5780879 |
| Sims Ltd.  | 357187 | 3480197 |
| Sonic Healthcare Ltd.  | 438211 | 7521224 |
| South32 Ltd.  | 5254367 | 10313415 |
| Stockland  | 1478061 | 5193585 |
| Suncorp Group Ltd.  | 675440 | 8967435 |
| Telstra Group Ltd.  | 4486041 | 13799819 |
| Transurban Group  | 921449 | 8408718 |
| Treasury Wine Estates Ltd.  | 343674 | 1866687 |
| Viva Energy Group Ltd.  | 2111827 | 2541454 |
| Wesfarmers Ltd.  | 516631 | 27602310 |
| Westpac Banking Corp.  | 1973221 | 41346844 |
| Whitehaven Coal Ltd.  | 1089630 | 3898846 |
| Woodside Energy Group Ltd.  | 1490990 | 21349465 |
| Woolworths Group Ltd.  | 873731 | 17908921 |
| Worley Ltd.  | 571267 | 4786658 |
|  |  | **704973916** |
| **Austria 0.5%** | **Austria 0.5%** | **Austria 0.5%** |
| ams-OSRAM AG \* | 360147 | 3493849 |
| BAWAG Group AG \* | 63221 | 7858997 |
| Erste Group Bank AG  | 219630 | 17665386 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| OMV AG  | 394080 | 21071572 |
| Raiffeisen Bank International AG  | 283350 | 8646575 |
| voestalpine AG  | 376939 | 9919188 |
| Wienerberger AG  | 139588 | 5166035 |
|  |  | **73821602** |
| **Belgium 0.6%** | **Belgium 0.6%** | **Belgium 0.6%** |
| Ageas SA  | 176903 | 11537637 |
| Anheuser-Busch InBev SA  | 676067 | 47616027 |
| KBC Group NV  | 171159 | 16897051 |
| Proximus SADP  | 663026 | 5776976 |
| Syensqo SA  | 55216 | 4231169 |
| UCB SA  | 35059 | 6364138 |
| Umicore SA  | 816566 | 8945616 |
|  |  | **101368614** |
| **Canada 8.1%** | **Canada 8.1%** | **Canada 8.1%** |
| Agnico Eagle Mines Ltd.  | 108579 | 12774883 |
| Algonquin Power & Utilities Corp.  | 807395 | 4415877 |
| Alimentation Couche-Tard, Inc.  | 696786 | 36056819 |
| AltaGas Ltd.  | 231915 | 6466869 |
| ARC Resources Ltd.  | 376849 | 7860671 |
| Atco Ltd., Class I  | 163500 | 6121663 |
| AtkinsRealis Group, Inc.  | 66641 | 4362115 |
| B2Gold Corp.  | 1506428 | 5050826 |
| Bank of Montreal  | 394224 | 42253748 |
| Bank of Nova Scotia  | 989516 | 52845674 |
| Barrick Mining Corp.  | 1402598 | 26849252 |
| Bausch Health Cos., Inc. \* | 676752 | 3061491 |
| BCE, Inc.  | 611190 | 13291088 |
| Brookfield Corp.  | 770028 | 44383228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Infrastructure Corp., <br> Class A *(a)*<br>| 13229 | 522925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Canadian Imperial Bank of <br> Commerce <br>| 537862 | 36548563 |
| Canadian National Railway Co.  | 261734 | 27461178 |
| Canadian Natural Resources Ltd.  | 1624167 | 49222909 |
| Canadian Pacific Kansas City Ltd.  | 224410 | 18294568 |
| Canadian Tire Corp. Ltd., Class A  | 87295 | 11071948 |
| Capital Power Corp.  | 31009 | 1241082 |
| CCL Industries, Inc., Class B  | 83926 | 4884976 |
| Cenovus Energy, Inc.  | 1545198 | 20318688 |
| CGI, Inc.  | 110467 | 11852938 |
| Constellation Software, Inc.  | 1522 | 5507914 |
| Dollarama, Inc.  | 47763 | 6131255 |
| Element Fleet Management Corp.  | 51283 | 1219647 |
| Emera, Inc.  | 228141 | 10438452 |
| Empire Co. Ltd., Class A  | 276828 | 10664809 |
| Enbridge, Inc.  | 1460131 | 67826879 |
| Fairfax Financial Holdings Ltd.  | 11012 | 18701699 |
| Finning International, Inc.  | 168111 | 6194046 |
| First Quantum Minerals Ltd. \* | 638563 | 9441788 |
| Fortis, Inc.  | 324324 | 15815793 |
| Franco-Nevada Corp.  | 28939 | 4865507 |
| George Weston Ltd.  | 65554 | 13173257 |
| Gildan Activewear, Inc.  | 110597 | 5139931 |
| Great-West Lifeco, Inc. *(a)* | 151572 | 5742307 |
| Hydro One Ltd.  | 159190 | 5850300 |
| iA Financial Corp., Inc.  | 56236 | 5714603 |

---

**34**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Imperial Oil Ltd.  | 174609 | 12442772 |
| Intact Financial Corp.  | 56529 | 12800687 |
| Keyera Corp.  | 157813 | 4801133 |
| Kinross Gold Corp.  | 802006 | 11817624 |
| Linamar Corp.  | 95493 | 4357417 |
| Loblaw Cos. Ltd.  | 118065 | 19881152 |
| Lundin Mining Corp.  | 465006 | 4393198 |
| Magna International, Inc.  | 797813 | 28907992 |
| Manulife Financial Corp.  | 1068433 | 33957978 |
| MEG Energy Corp.  | 232620 | 4063808 |
| Methanex Corp.  | 95545 | 3120092 |
| Metro, Inc.  | 196715 | 15314283 |
| National Bank of Canada  | 146018 | 14344268 |
| Northland Power, Inc.  | 160802 | 2392821 |
| Nutrien Ltd.  | 860180 | 50724313 |
| Onex Corp.  | 79864 | 5917121 |
| Open Text Corp.  | 178304 | 5039378 |
| Parkland Corp.  | 214750 | 6050704 |
| Pembina Pipeline Corp.  | 340314 | 12729444 |
| Power Corp. of Canada  | 415197 | 16037756 |
| Quebecor, Inc., Class B  | 176322 | 4951302 |
| Restaurant Brands International, Inc.  | 103099 | 7346914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rogers Communications, Inc., <br> Class B <br>| 320477 | 8586765 |
| Royal Bank of Canada  | 598493 | 75713206 |
| Saputo, Inc.  | 344160 | 6618125 |
| Shopify, Inc., Class A \* | 6645 | 708697 |
| South Bow Corp.  | 70982 | 1836307 |
| Sun Life Financial, Inc.  | 298488 | 19190763 |
| Suncor Energy, Inc.  | 1553275 | 55117850 |
| TC Energy Corp.  | 624981 | 31609279 |
| Teck Resources Ltd., Class B  | 388861 | 14384138 |
| TELUS Corp.  | 669661 | 10948747 |
| TFI International, Inc.  | 42965 | 3702624 |
| Thomson Reuters Corp.  | 33044 | 6552803 |
| Toromont Industries Ltd.  | 41239 | 3569478 |
| Toronto-Dominion Bank  | 1098695 | 75728808 |
| Tourmaline Oil Corp.  | 183448 | 8256127 |
| Vermilion Energy, Inc.  | 354809 | 2312149 |
| Waste Connections, Inc.  | 54384 | 10689712 |
| West Fraser Timber Co. Ltd.  | 144195 | 10602651 |
| Wheaton Precious Metals Corp.  | 61580 | 5325632 |
| Whitecap Resources, Inc. *(a)* | 1373910 | 8553525 |
| WSP Global, Inc.  | 39287 | 8035127 |
|  |  | **1289076836** |
| **China 0.1%** | **China 0.1%** | **China 0.1%** |
| China Gas Holdings Ltd.  | 5726154 | 5228464 |
| GCL Technology Holdings Ltd. \**(a)* | 18245606 | 1907964 |
| Kingboard Holdings Ltd.  | 2074208 | 5898686 |
| SITC International Holdings Co. Ltd.  | 1425057 | 4552375 |
|  |  | **17587489** |
| **Denmark 0.9%** | **Denmark 0.9%** | **Denmark 0.9%** |
| AP Moller - Maersk AS, Class A  | 8359 | 14935077 |
| AP Moller - Maersk AS, Class B  | 13044 | 23593645 |
| Carlsberg AS, Class B  | 70762 | 10114473 |
| Coloplast AS, Class B  | 32404 | 3134495 |
| Danske Bank AS  | 308953 | 11806582 |
| DSV AS  | 93595 | 22050003 |
| Genmab AS \* | 4153 | 871904 |
| ISS AS  | 43900 | 1179218 |
| Novo Nordisk AS, Class B  | 372666 | 25729168 |
| Novonesis Novozymes B, Class B  | 81783 | 5747805 |
| Orsted AS \* | 119244 | 4869028 |
| Pandora AS  | 31169 | 5675716 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Rockwool AS, B Shares  | 62375 | 2955592 |
| Vestas Wind Systems AS  | 424613 | 6698039 |
|  |  | **139360745** |
| **Finland 1.0%** | **Finland 1.0%** | **Finland 1.0%** |
| Elisa OYJ  | 96075 | 5060810 |
| Fortum OYJ *(a)* | 531841 | 9177345 |
| Kesko OYJ, B Shares  | 423352 | 10237003 |
| Kone OYJ, B Shares  | 174757 | 10879869 |
| Metso OYJ  | 80689 | 973732 |
| Neste OYJ  | 967445 | 10378862 |
| Nokia OYJ  | 5301454 | 27540552 |
| Nordea Bank Abp  | 2570225 | 37246339 |
| Outokumpu OYJ *(a)* | 1616913 | 6259399 |
| Sampo OYJ, A Shares  | 1577799 | 16830085 |
| Stora Enso OYJ, R Shares  | 948479 | 9589634 |
| UPM-Kymmene OYJ  | 543365 | 15045101 |
| Wartsila OYJ Abp  | 223188 | 4466988 |
|  |  | **163685719** |
| **France 8.6%** | **France 8.6%** | **France 8.6%** |
| Accor SA  | 88189 | 4680451 |
| Air Liquide SA  | 231363 | 47908257 |
| Alstom SA \* | 365491 | 8259058 |
| Arkema SA  | 109848 | 7843943 |
| AXA SA  | 1372648 | 64684995 |
| Ayvens SA  | 731589 | 7441608 |
| BNP Paribas SA  | 1144244 | 100205120 |
| Bollore SE  | 615717 | 3914360 |
| Bouygues SA  | 512262 | 22325536 |
| Bureau Veritas SA  | 127244 | 4345170 |
| Capgemini SE  | 90962 | 15102454 |
| Carrefour SA  | 1824681 | 27270898 |
| Cie de Saint-Gobain SA  | 407565 | 45732111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cie Generale des Etablissements <br> Michelin SCA <br>| 852050 | 32578328 |
| Credit Agricole SA  | 1059319 | 19367748 |
| Danone SA  | 455945 | 38945105 |
| Dassault Systemes SE  | 113933 | 4268302 |
| Eiffage SA  | 147371 | 20260390 |
| Elis SA  | 172802 | 4704241 |
| Emeis SA \**(a)* | 102810 | 1189327 |
| Engie SA  | 2154143 | 46427657 |
| EssilorLuxottica SA  | 88686 | 24636594 |
| Eurazeo SE  | 34314 | 2397679 |
| Forvia SE  | 829686 | 7795175 |
| Hermes International SCA  | 2853 | 7863974 |
| Kering SA  | 69539 | 13606817 |
| Klepierre SA  | 83738 | 3275891 |
| Legrand SA  | 102397 | 12432534 |
| L'Oreal SA  | 79189 | 33478513 |
| Louis Hachette Group  | 502178 | 935815 |
| &nbsp;&nbsp;&nbsp;&nbsp; LVMH Moet Hennessy Louis Vuitton <br> SE <br>| 80867 | 43905400 |
| Orange SA  | 4640569 | 69197905 |
| Pernod Ricard SA  | 115326 | 11916691 |
| Publicis Groupe SA  | 118325 | 12879416 |
| Renault SA  | 477186 | 24583506 |
| Rexel SA  | 458665 | 12876901 |
| Rubis SCA  | 175599 | 5717324 |
| Safran SA  | 76678 | 22754536 |
| Sanofi SA  | 783970 | 77892992 |
| Schneider Electric SE  | 168732 | 42400269 |
| SCOR SE  | 253188 | 8324024 |
| SEB SA  | 34202 | 3393552 |
| Societe Generale SA  | 1473015 | 80016720 |
| Sodexo SA  | 51597 | 3564320 |

---

**35**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Teleperformance SE  | 69467 | 7021911 |
| Thales SA  | 40210 | 12206386 |
| TotalEnergies SE  | 3334018 | 195530258 |
| Unibail-Rodamco-Westfield \* | 57504 | 5448389 |
| Valeo SE  | 789048 | 8294802 |
| Veolia Environnement SA  | 689859 | 23714165 |
| Vinci SA  | 410861 | 58700226 |
| Vivendi SE \* | 388541 | 1309600 |
| Worldline SA \* | 104936 | 623043 |
|  |  | **1366150387** |
| **Germany 8.4%** | **Germany 8.4%** | **Germany 8.4%** |
| adidas AG  | 88780 | 22122861 |
| Allianz SE  | 243710 | 96475476 |
| Aurubis AG *(a)* | 103121 | 9049368 |
| BASF SE  | 1788435 | 86085627 |
| Bayer AG  | 1969300 | 55298764 |
| Bayerische Motoren Werke AG  | 691108 | 61275743 |
| Beiersdorf AG  | 32226 | 4413929 |
| BioNTech SE, ADR \* | 208081 | 19936241 |
| Brenntag SE  | 138547 | 9380509 |
| Commerzbank AG  | 472945 | 14383845 |
| Continental AG  | 251219 | 22045686 |
| Daimler Truck Holding AG  | 389466 | 16894223 |
| Deutsche Bank AG  | 1266863 | 35034713 |
| Deutsche Boerse AG  | 39643 | 12758841 |
| Deutsche Lufthansa AG  | 1488757 | 11908528 |
| Deutsche Post AG  | 1480864 | 66186928 |
| Deutsche Telekom AG  | 3449860 | 130339611 |
| E.ON SE  | 2281470 | 39964310 |
| Evonik Industries AG  | 422254 | 9136678 |
| Freenet AG  | 135848 | 4484761 |
| Fresenius Medical Care AG  | 377528 | 21438011 |
| Fresenius SE & Co. KGaA  | 797444 | 39090792 |
| FUCHS SE  | 7273 | 276599 |
| GEA Group AG  | 94902 | 6345740 |
| Hannover Rueck SE  | 25785 | 8149444 |
| Hapag-Lloyd AG *(a)* | 48083 | 7882253 |
| Heidelberg Materials AG  | 148621 | 29096115 |
| Henkel AG & Co. KGaA  | 61067 | 4478481 |
| Infineon Technologies AG  | 468557 | 18231883 |
| K&S AG  | 489802 | 8913447 |
| KION Group AG  | 125053 | 5806428 |
| Lanxess AG  | 237385 | 7319386 |
| Mercedes-Benz Group AG  | 1642777 | 98078410 |
| Merck KGaA  | 57286 | 7511421 |
| MTU Aero Engines AG  | 15461 | 6152013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Muenchener <br> Rueckversicherungs-Gesellschaft <br> AG in Muenchen <br>| 54693 | 35478366 |
| Puma SE  | 92659 | 2398358 |
| Rheinmetall AG  | 9477 | 20280276 |
| RWE AG  | 331207 | 12456975 |
| SAP SE  | 219393 | 66226642 |
| Schaeffler AG  | 393114 | 1892239 |
| Siemens AG  | 364238 | 87579576 |
| Siemens Energy AG \* | 315462 | 30619973 |
| Siemens Healthineers AG  | 99699 | 5272079 |
| Symrise AG  | 47255 | 5635539 |
| thyssenkrupp AG  | 3349335 | 32631627 |
| Volkswagen AG  | 126583 | 13939229 |
| Vonovia SE *(a)* | 387686 | 12688679 |
| Zalando SE \* | 157488 | 5622892 |
|  |  | **1328669515** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Hong Kong 1.1%** | **Hong Kong 1.1%** | **Hong Kong 1.1%** |
| AIA Group Ltd.  | 5103695 | 42728488 |
| CK Asset Holdings Ltd.  | 2155885 | 8935257 |
| CLP Holdings Ltd.  | 1532667 | 13007503 |
| Galaxy Entertainment Group Ltd.  | 580979 | 2474600 |
| Hang Seng Bank Ltd.  | 518770 | 7263991 |
| HKT Trust & HKT Ltd.  | 3470933 | 5001759 |
| Hong Kong & China Gas Co. Ltd.  | 7324306 | 6444862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong Exchanges & Clearing <br> Ltd. <br>| 164760 | 8316214 |
| Jardine Matheson Holdings Ltd.  | 292831 | 13030979 |
| Link REIT  | 1167682 | 6202084 |
| MTR Corp. Ltd.  | 809381 | 2828145 |
| &nbsp;&nbsp;&nbsp;&nbsp; New World Development Co. <br> Ltd. \**(a)*<br>| 8134401 | 4968888 |
| Pacific Basin Shipping Ltd.  | 15002772 | 3711687 |
| Sun Hung Kai Properties Ltd.  | 1463768 | 15726796 |
| Swire Pacific Ltd., A Shares  | 712062 | 6070400 |
| Swire Pacific Ltd., B Shares  | 930149 | 1250234 |
| Techtronic Industries Co. Ltd.  | 520920 | 5835941 |
| WH Group Ltd.  | 21522699 | 19871625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wharf Real Estate Investment Co. <br> Ltd. <br>| 1161485 | 2912026 |
| Yue Yuen Industrial Holdings Ltd.  | 2210699 | 3332308 |
|  |  | **179913787** |
| **Ireland 1.0%** | **Ireland 1.0%** | **Ireland 1.0%** |
| AIB Group PLC  | 225351 | 1770342 |
| Allegion PLC  | 30175 | 4305973 |
| Bank of Ireland Group PLC  | 451165 | 6187197 |
| CRH PLC  | 97388 | 8877890 |
| DCC PLC  | 170587 | 10664894 |
| Flutter Entertainment PLC \* | 18732 | 4735183 |
| Glanbia PLC  | 145648 | 2116441 |
| ICON PLC \* | 20930 | 2726760 |
| James Hardie Industries PLC \* | 126818 | 2892390 |
| Kerry Group PLC, Class A  | 86046 | 9397177 |
| Kingspan Group PLC  | 62217 | 5332706 |
| Medtronic PLC  | 734366 | 60937691 |
| Perrigo Co. PLC  | 183486 | 4911920 |
| Ryanair Holdings PLC, ADR  | 185085 | 10290726 |
| Smurfit WestRock PLC *(b)* | 71475 | 3074766 |
| Smurfit WestRock PLC *(b)* | 52301 | 2266202 |
| Trane Technologies PLC  | 38823 | 16704372 |
|  |  | **157192630** |
| **Isle Of Man 0.0%** | **Isle Of Man 0.0%** | **Isle Of Man 0.0%** |
| Entain PLC  | 615358 | **6228788** |
| **Israel 0.4%** | **Israel 0.4%** | **Israel 0.4%** |
| Bank Hapoalim BM  | 650278 | 10881852 |
| Bank Leumi Le-Israel BM  | 875814 | 14096047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Check Point Software Technologies <br> Ltd. \*<br>| 30575 | 6998006 |
| ICL Group Ltd.  | 1306019 | 8591376 |
| Israel Discount Bank Ltd., A Shares  | 667028 | 5667317 |
| Mizrahi Tefahot Bank Ltd.  | 17125 | 979086 |
| Oil Refineries Ltd.  | 3963975 | 1019393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Teva Pharmaceutical Industries Ltd., <br> ADR \*<br>| 477054 | 8004966 |
| &nbsp;&nbsp;&nbsp;&nbsp; ZIM Integrated Shipping Services <br> Ltd. *(a)*<br>| 760017 | 13262297 |
|  |  | **69500340** |

---

**36**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Italy 2.5%** | **Italy 2.5%** | **Italy 2.5%** |
| A2A SpA  | 1953476 | 5065191 |
| Banco BPM SpA  | 736202 | 8449671 |
| BPER Banca SpA *(a)* | 659674 | 5850369 |
| Enel SpA  | 9221071 | 84635589 |
| Eni SpA  | 4548010 | 66976120 |
| Generali  | 792821 | 28846612 |
| Hera SpA  | 812224 | 4031323 |
| Intesa Sanpaolo SpA  | 9874837 | 55043122 |
| Leonardo SpA  | 231479 | 14248290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mediobanca Banca di Credito <br> Finanziario SpA *(a)*<br>| 270869 | 6432986 |
| Moncler SpA  | 59261 | 3704220 |
| Poste Italiane SpA  | 308852 | 6700431 |
| Prysmian SpA  | 116898 | 7511300 |
| Snam SpA  | 1276323 | 7630150 |
| Telecom Italia SpA \* | 46013421 | 19661913 |
| Terna - Rete Elettrica Nazionale  | 640567 | 6514292 |
| UniCredit SpA  | 928569 | 59623191 |
| Unipol Assicurazioni SpA  | 352525 | 6895517 |
|  |  | **397820287** |
| **Japan 24.6%** | **Japan 24.6%** | **Japan 24.6%** |
| Advantest Corp.  | 128395 | 6555223 |
| Aeon Co. Ltd.  | 753332 | 23154145 |
| AGC, Inc.  | 482335 | 14313444 |
| Air Water, Inc.  | 382065 | 5345918 |
| Aisin Corp.  | 1535386 | 19610634 |
| Ajinomoto Co., Inc.  | 529507 | 13254647 |
| Alfresa Holdings Corp.  | 628775 | 8462393 |
| Alps Alpine Co. Ltd.  | 538039 | 5169902 |
| Amada Co. Ltd.  | 403390 | 4141670 |
| ANA Holdings, Inc.  | 307611 | 6090610 |
| Asahi Group Holdings Ltd.  | 1637195 | 21625792 |
| Asahi Kasei Corp.  | 2950844 | 20767054 |
| Astellas Pharma, Inc.  | 1752957 | 17360099 |
| Bandai Namco Holdings, Inc.  | 397623 | 12664855 |
| Bridgestone Corp.  | 830225 | 35759024 |
| Brother Industries Ltd.  | 413718 | 7084772 |
| Canon, Inc.  | 917336 | 28175842 |
| Central Japan Railway Co.  | 771375 | 16898135 |
| Chubu Electric Power Co., Inc.  | 1627607 | 19942543 |
| Chugai Pharmaceutical Co. Ltd.  | 179681 | 9442607 |
| Chugoku Electric Power Co., Inc.  | 634200 | 3114412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Coca-Cola Bottlers Japan Holdings, <br> Inc. <br>| 300340 | 4957967 |
| COMSYS Holdings Corp.  | 218799 | 5034219 |
| Cosmo Energy Holdings Co. Ltd.  | 165581 | 7003298 |
| Dai Nippon Printing Co. Ltd.  | 541026 | 7991940 |
| Daifuku Co. Ltd.  | 226450 | 6070263 |
| Dai-ichi Life Holdings, Inc.  | 2709083 | 21187152 |
| Daiichi Sankyo Co. Ltd.  | 386976 | 10303627 |
| Daikin Industries Ltd.  | 209253 | 24051152 |
| Daito Trust Construction Co. Ltd.  | 80160 | 9021785 |
| Daiwa House Industry Co. Ltd.  | 962904 | 32504975 |
| Daiwa Securities Group, Inc.  | 637513 | 4325784 |
| Daiwabo Holdings Co. Ltd.  | 214846 | 3630026 |
| Denka Co. Ltd.  | 203558 | 2901119 |
| Denso Corp.  | 2247381 | 30550177 |
| Dentsu Group, Inc.  | 196094 | 4242735 |
| DIC Corp.  | 210172 | 4341957 |
| Disco Corp.  | 11522 | 2624680 |
| Dowa Holdings Co. Ltd.  | 136010 | 4324570 |
| East Japan Railway Co.  | 935095 | 19635731 |
| Ebara Corp.  | 303816 | 4898492 |
| Eisai Co. Ltd.  | 242167 | 6949746 |
| Electric Power Development Co. Ltd.  | 494345 | 8302749 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| ENEOS Holdings, Inc.  | 9553218 | 45377703 |
| EXEO Group, Inc.  | 378301 | 4825275 |
| FANUC Corp.  | 469642 | 12589315 |
| Fast Retailing Co. Ltd.  | 41894 | 14037735 |
| Fuji Electric Co. Ltd.  | 121324 | 5405537 |
| Fuji Media Holdings, Inc.  | 242347 | 4823595 |
| FUJIFILM Holdings Corp.  | 1114588 | 25366832 |
| Fujikura Ltd.  | 152659 | 7107406 |
| Fujitsu Ltd.  | 1598502 | 36756850 |
| Furukawa Electric Co. Ltd.  | 147078 | 7010655 |
| Hakuhodo DY Holdings, Inc.  | 314405 | 2469788 |
| Hankyu Hanshin Holdings, Inc.  | 210844 | 5676766 |
| Hanwa Co. Ltd.  | 135692 | 4946394 |
| Haseko Corp.  | 448073 | 6517934 |
| Hino Motors Ltd. \* | 1031096 | 3346355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hitachi Construction Machinery Co. <br> Ltd. <br>| 158608 | 4839745 |
| Hitachi Ltd.  | 2828577 | 79312676 |
| Honda Motor Co. Ltd.  | 10118922 | 102945892 |
| Hoya Corp.  | 90994 | 10792906 |
| Ibiden Co. Ltd.  | 77297 | 3166448 |
| Idemitsu Kosan Co. Ltd.  | 2869768 | 17531449 |
| IHI Corp.  | 149543 | 14493634 |
| Iida Group Holdings Co. Ltd.  | 449675 | 6319976 |
| Inpex Corp.  | 1266231 | 17124986 |
| Isetan Mitsukoshi Holdings Ltd.  | 262413 | 4000891 |
| Isuzu Motors Ltd.  | 1048495 | 14238372 |
| ITOCHU Corp.  | 1382075 | 74134658 |
| Iwatani Corp.  | 315069 | 3255607 |
| Japan Airlines Co. Ltd.  | 375460 | 7605735 |
| Japan Post Bank Co. Ltd.  | 727455 | 7841964 |
| Japan Post Holdings Co. Ltd.  | 2199778 | 21579305 |
| Japan Post Insurance Co. Ltd.  | 279599 | 6154104 |
| Japan Tobacco, Inc.  | 836030 | 25713304 |
| JFE Holdings, Inc.  | 1905059 | 22596129 |
| JTEKT Corp.  | 913760 | 7193814 |
| Kajima Corp.  | 564609 | 13945504 |
| Kaneka Corp.  | 190090 | 5171997 |
| Kansai Electric Power Co., Inc.  | 1115003 | 12680411 |
| Kansai Paint Co. Ltd.  | 168121 | 2394904 |
| Kao Corp.  | 399473 | 18288358 |
| Kawasaki Heavy Industries Ltd.  | 170795 | 12019981 |
| Kawasaki Kisen Kaisha Ltd.  | 305240 | 4605201 |
| KDDI Corp.  | 3406140 | 58989874 |
| Kewpie Corp.  | 160094 | 3777817 |
| Keyence Corp.  | 29980 | 12619877 |
| Kikkoman Corp.  | 366245 | 3356728 |
| Kintetsu Group Holdings Co. Ltd.  | 178487 | 3509253 |
| Kirin Holdings Co. Ltd.  | 1013183 | 14548773 |
| Kobe Steel Ltd.  | 859540 | 9909178 |
| Koito Manufacturing Co. Ltd.  | 474751 | 6012734 |
| Komatsu Ltd.  | 993746 | 30453895 |
| Konica Minolta, Inc. \* | 1659080 | 5064796 |
| K's Holdings Corp.  | 472768 | 4547642 |
| Kubota Corp.  | 1281418 | 14772784 |
| Kuraray Co. Ltd.  | 539756 | 6864079 |
| Kyocera Corp.  | 1686856 | 20592514 |
| Kyushu Electric Power Co., Inc.  | 887229 | 7627482 |
| Lixil Corp.  | 771245 | 8685492 |
| LY Corp.  | 1819005 | 6580412 |
| Makita Corp.  | 213676 | 6583759 |
| Marubeni Corp.  | 2093087 | 42719022 |
| MatsukiyoCocokara & Co.  | 382644 | 7732700 |
| Mazda Motor Corp.  | 2408269 | 15234540 |
| Medipal Holdings Corp.  | 650343 | 10170131 |
| MEIJI Holdings Co. Ltd.  | 454411 | 10156107 |
| Minebea Mitsumi, Inc.  | 442012 | 6229124 |
| MISUMI Group, Inc.  | 254074 | 3371043 |
| Mitsubishi Chemical Group Corp.  | 3768891 | 20127568 |

---

**37**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Mitsubishi Corp.  | 4591247 | 93387227 |
| Mitsubishi Electric Corp.  | 2414115 | 48585120 |
| Mitsubishi Estate Co. Ltd.  | 830689 | 15203920 |
| Mitsubishi Gas Chemical Co., Inc.  | 317273 | 4888988 |
| Mitsubishi HC Capital, Inc.  | 246260 | 1806481 |
| Mitsubishi Heavy Industries Ltd.  | 1751809 | 40694853 |
| Mitsubishi Materials Corp.  | 433669 | 6778755 |
| Mitsubishi Motors Corp.  | 1740050 | 5254096 |
| Mitsubishi UFJ Financial Group, Inc.  | 4439717 | 62321264 |
| Mitsui & Co. Ltd.  | 2832009 | 59448735 |
| Mitsui Chemicals, Inc.  | 391513 | 8913131 |
| Mitsui Fudosan Co. Ltd.  | 1783891 | 17184299 |
| Mitsui Mining & Smelting Co. Ltd.  | 124782 | 4280612 |
| Mitsui OSK Lines Ltd.  | 370397 | 13155581 |
| Mizuho Financial Group, Inc.  | 1340533 | 37179480 |
| &nbsp;&nbsp;&nbsp;&nbsp; MS&AD Insurance Group Holdings, <br> Inc. <br>| 802273 | 19215188 |
| Murata Manufacturing Co. Ltd.  | 1464074 | 21632113 |
| Nagase & Co. Ltd.  | 212603 | 4045933 |
| Nagoya Railroad Co. Ltd.  | 220924 | 2493328 |
| NEC Corp.  | 1169240 | 30670317 |
| NGK Insulators Ltd.  | 441728 | 5519495 |
| NH Foods Ltd.  | 262111 | 9233239 |
| NHK Spring Co. Ltd.  | 237814 | 2642744 |
| Nichirei Corp.  | 324791 | 4187766 |
| NIDEC Corp.  | 699873 | 13629323 |
| Nikon Corp.  | 472658 | 4779154 |
| Nintendo Co. Ltd.  | 506695 | 41558857 |
| Nippon Express Holdings, Inc.  | 728812 | 13523643 |
| Nippon Paper Industries Co. Ltd.  | 719548 | 5325737 |
| Nippon Sanso Holdings Corp.  | 33803 | 1212546 |
| Nippon Steel Corp.  | 1884785 | 37984371 |
| Nippon Telegraph & Telephone Corp.  | 46878082 | 52110221 |
| Nippon Yusen KK  | 646535 | 23617492 |
| Nissan Motor Co. Ltd. \* | 11277705 | 28832221 |
| Nisshin Seifun Group, Inc.  | 403749 | 4870059 |
| Nissin Foods Holdings Co. Ltd.  | 160011 | 3395500 |
| Nissui Corp.  | 600684 | 3525550 |
| Niterra Co. Ltd.  | 199572 | 6436870 |
| Nitori Holdings Co. Ltd.  | 59181 | 5893697 |
| Nitto Denko Corp.  | 685961 | 12576387 |
| Nomura Holdings, Inc.  | 1450786 | 8931240 |
| Nomura Research Institute Ltd.  | 174990 | 6764574 |
| NSK Ltd.  | 1315722 | 5925969 |
| NTT Data Group Corp.  | 483471 | 13368788 |
| Obayashi Corp.  | 877785 | 13264564 |
| Oji Holdings Corp.  | 2557191 | 12136002 |
| Olympus Corp.  | 500303 | 6431699 |
| Omron Corp.  | 221749 | 5755224 |
| Ono Pharmaceutical Co. Ltd.  | 424205 | 4602328 |
| ORIX Corp.  | 726617 | 15439258 |
| Osaka Gas Co. Ltd.  | 607206 | 15456306 |
| Otsuka Corp.  | 199638 | 4102890 |
| Otsuka Holdings Co. Ltd.  | 299533 | 15257407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pan Pacific International Holdings <br> Corp. <br>| 199759 | 6560573 |
| Panasonic Holdings Corp.  | 5256467 | 60762930 |
| Persol Holdings Co. Ltd.  | 3172653 | 5934364 |
| Recruit Holdings Co. Ltd.  | 437153 | 26324006 |
| Renesas Electronics Corp.  | 640077 | 7909195 |
| Rengo Co. Ltd.  | 595404 | 3072853 |
| Resona Holdings, Inc.  | 1202877 | 10666212 |
| Resonac Holdings Corp.  | 321195 | 7080781 |
| Ricoh Co. Ltd.  | 1361859 | 12746045 |
| Rohm Co. Ltd.  | 480035 | 5213035 |
| Ryohin Keikaku Co. Ltd.  | 216932 | 8328794 |
| Sankyu, Inc.  | 109025 | 5247435 |
| Sanwa Holdings Corp.  | 163609 | 5654514 |
| SBI Holdings, Inc.  | 194084 | 5903425 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Secom Co. Ltd.  | 341627 | 12472304 |
| Seiko Epson Corp.  | 478475 | 6288699 |
| Seino Holdings Co. Ltd.  | 179118 | 2690587 |
| Sekisui Chemical Co. Ltd.  | 612607 | 10656250 |
| Sekisui House Ltd.  | 860519 | 19578529 |
| Seven & i Holdings Co. Ltd.  | 2809912 | 42374084 |
| SG Holdings Co. Ltd.  | 752143 | 7326221 |
| Sharp Corp. \* | 492591 | 2526537 |
| Shimadzu Corp.  | 151582 | 3669399 |
| Shimamura Co. Ltd.  | 81371 | 5642031 |
| Shimano, Inc.  | 47295 | 6740509 |
| Shimizu Corp.  | 980612 | 10795261 |
| Shin-Etsu Chemical Co. Ltd.  | 1053534 | 33885105 |
| Shionogi & Co. Ltd.  | 533643 | 8905453 |
| Shiseido Co. Ltd.  | 423043 | 6831077 |
| SMC Corp.  | 28374 | 10647993 |
| SoftBank Corp.  | 28758442 | 44125708 |
| SoftBank Group Corp.  | 926181 | 48871701 |
| Sojitz Corp.  | 403215 | 9970346 |
| Sompo Holdings, Inc.  | 660975 | 20095619 |
| Sony Group Corp.  | 3470243 | 91629134 |
| Stanley Electric Co. Ltd.  | 241623 | 4655130 |
| Subaru Corp.  | 1272200 | 23619833 |
| SUMCO Corp.  | 528988 | 3602595 |
| Sumitomo Chemical Co. Ltd.  | 5606582 | 13474913 |
| Sumitomo Corp.  | 1425452 | 36571075 |
| Sumitomo Electric Industries Ltd.  | 1458775 | 30692962 |
| Sumitomo Forestry Co. Ltd.  | 197140 | 5750457 |
| Sumitomo Heavy Industries Ltd.  | 276474 | 5815161 |
| Sumitomo Metal Mining Co. Ltd.  | 407388 | 9370531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, <br> Inc. <br>| 1891621 | 48504783 |
| Sumitomo Mitsui Trust Group, Inc.  | 369262 | 10039259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sumitomo Realty & Development Co. <br> Ltd. <br>| 213843 | 8232426 |
| Sumitomo Rubber Industries Ltd.  | 473588 | 5909388 |
| Suntory Beverage & Food Ltd.  | 155222 | 5046234 |
| Suzuken Co. Ltd.  | 202380 | 7451713 |
| Suzuki Motor Corp.  | 2272974 | 29181083 |
| Sysmex Corp.  | 215552 | 3633738 |
| T&D Holdings, Inc.  | 283529 | 6511765 |
| Taiheiyo Cement Corp.  | 248406 | 6385099 |
| Taisei Corp.  | 232943 | 13000381 |
| Taiyo Yuden Co. Ltd.  | 209881 | 3531592 |
| Takeda Pharmaceutical Co. Ltd.  | 1664733 | 49770665 |
| TDK Corp.  | 1373950 | 15234901 |
| Teijin Ltd.  | 629054 | 5054840 |
| Terumo Corp.  | 523274 | 9649899 |
| TIS, Inc.  | 187911 | 6183176 |
| Tobu Railway Co. Ltd.  | 219224 | 3877953 |
| Toho Gas Co. Ltd.  | 160737 | 4492549 |
| Tohoku Electric Power Co., Inc.  | 1132356 | 7871049 |
| Tokio Marine Holdings, Inc.  | 797743 | 33790535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Tokyo Electric Power Co. Holdings, <br> Inc. \*<br>| 5588034 | 15393766 |
| Tokyo Electron Ltd.  | 156997 | 25024644 |
| Tokyo Gas Co. Ltd.  | 681201 | 22872718 |
| Tokyu Corp.  | 461430 | 5602587 |
| Tokyu Fudosan Holdings Corp.  | 747652 | 5471572 |
| TOPPAN Holdings, Inc.  | 369249 | 9852099 |
| Toray Industries, Inc.  | 2915933 | 20169741 |
| Tosoh Corp.  | 655755 | 9718508 |
| TOTO Ltd.  | 200504 | 5145475 |
| Toyo Seikan Group Holdings Ltd.  | 331006 | 6502211 |
| Toyo Suisan Kaisha Ltd.  | 62873 | 4178607 |
| Toyota Boshoku Corp.  | 67576 | 964736 |
| Toyota Industries Corp.  | 149324 | 18746348 |
| Toyota Motor Corp.  | 9872746 | 189456556 |
| Toyota Tsusho Corp.  | 1232549 | 26223538 |

---

**38**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Tsuruha Holdings, Inc.  | 81174 | 6359694 |
| UBE Corp.  | 266740 | 4183323 |
| Unicharm Corp.  | 572040 | 4549124 |
| West Japan Railway Co.  | 449322 | 9712293 |
| Yakult Honsha Co. Ltd.  | 188896 | 3821251 |
| Yamada Holdings Co. Ltd.  | 2273989 | 6828507 |
| Yamaha Corp.  | 627092 | 4391534 |
| Yamaha Motor Co. Ltd.  | 1494054 | 11493121 |
| Yamato Holdings Co. Ltd.  | 891984 | 12381884 |
| Yamazaki Baking Co. Ltd.  | 211734 | 4776286 |
| Yaskawa Electric Corp.  | 148937 | 3521765 |
| Yokogawa Electric Corp.  | 181969 | 4475609 |
| Yokohama Rubber Co. Ltd.  | 223157 | 5632474 |
|  |  | **3917144187** |
| **Jersey 0.9%** | **Jersey 0.9%** | **Jersey 0.9%** |
| Aptiv PLC \* | 177897 | 11885299 |
| Experian PLC  | 214801 | 10697512 |
| Glencore PLC \* | 26576856 | 101571209 |
| International Workplace Group PLC  | 341540 | 887085 |
| Man Group PLC  | 937857 | 2215837 |
| WPP PLC  | 1061956 | 8584014 |
|  |  | **135840956** |
| **Luxembourg 0.5%** | **Luxembourg 0.5%** | **Luxembourg 0.5%** |
| Aperam SA  | 132902 | 4034452 |
| ArcelorMittal SA  | 1600425 | 48547113 |
| B&M European Value Retail SA  | 1066149 | 4915687 |
| Eurofins Scientific SE  | 90399 | 6028221 |
| Millicom International Cellular SA  | 191351 | 7177576 |
| SES SA, Class A  | 1286028 | 7329018 |
| Subsea 7 SA  | 69618 | 1184245 |
| Tenaris SA  | 314231 | 5268915 |
|  |  | **84485227** |
| **Mauritius 0.0%** | **Mauritius 0.0%** | **Mauritius 0.0%** |
| Golden Agri-Resources Ltd.  | 23631994 | **4581264** |
| **Netherlands 3.0%** | **Netherlands 3.0%** | **Netherlands 3.0%** |
| Aalberts NV  | 99048 | 3456537 |
| ABN AMRO Bank NV, GDR  | 910042 | 23524267 |
| Aegon Ltd.  | 822186 | 5885938 |
| AerCap Holdings NV  | 91930 | 10639059 |
| Airbus SE  | 146926 | 27034585 |
| Akzo Nobel NV  | 325812 | 22177895 |
| ASM International NV  | 1398 | 761164 |
| ASML Holding NV  | 52598 | 39045609 |
| ASR Nederland NV  | 127924 | 8202351 |
| Ferrari NV  | 11807 | 5648404 |
| Ferrovial SE  | 75811 | 3859130 |
| Heineken Holding NV  | 137744 | 10727251 |
| Heineken NV  | 171906 | 15304160 |
| IMCD NV  | 6772 | 918706 |
| ING Groep NV, Series N  | 2441678 | 51779386 |
| Iveco Group NV  | 310815 | 6192567 |
| Koninklijke Ahold Delhaize NV  | 1792464 | 75657408 |
| Koninklijke KPN NV  | 3075491 | 14447629 |
| Koninklijke Philips NV  | 661771 | 15213334 |
| NN Group NV  | 319604 | 20108069 |
| NXP Semiconductors NV  | 77085 | 14733256 |
| Prosus NV \* | 173697 | 8912969 |
| Randstad NV  | 254862 | 10693717 |
| SBM Offshore NV  | 59698 | 1370353 |
| Signify NV  | 258481 | 6320711 |
| Stellantis NV  | 5107954 | 51986299 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| STMicroelectronics NV  | 472120 | 11847714 |
| Universal Music Group NV  | 135654 | 4336675 |
| Wolters Kluwer NV  | 50920 | 9035226 |
|  |  | **479820369** |
| **New Zealand 0.1%** | **New Zealand 0.1%** | **New Zealand 0.1%** |
| Fletcher Building Ltd. \* | 2381067 | 4463874 |
| Spark New Zealand Ltd.  | 2263797 | 3014067 |
|  |  | **7477941** |
| **Norway 0.8%** | **Norway 0.8%** | **Norway 0.8%** |
| Aker BP ASA  | 397873 | 9151295 |
| DNB Bank ASA  | 593949 | 15887626 |
| Equinor ASA  | 1782535 | 41784366 |
| Mowi ASA  | 349451 | 6518976 |
| Norsk Hydro ASA  | 2197183 | 12034115 |
| Orkla ASA  | 572871 | 6481640 |
| Telenor ASA  | 876221 | 13429989 |
| Var Energi ASA  | 278876 | 808748 |
| Yara International ASA  | 448084 | 16051320 |
|  |  | **122148075** |
| **Poland 0.4%** | **Poland 0.4%** | **Poland 0.4%** |
| Bank Polska Kasa Opieki SA  | 94698 | 4660865 |
| KGHM Polska Miedz SA  | 180249 | 5915958 |
| ORLEN SA  | 1293477 | 25402865 |
| PGE Polska Grupa Energetyczna SA \* | 3697329 | 9220242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Powszechna Kasa Oszczednosci <br> Bank Polski SA <br>| 305243 | 6136570 |
| Powszechny Zaklad Ubezpieczen SA  | 589248 | 9627377 |
| Tauron Polska Energia SA \* | 963067 | 1767935 |
|  |  | **62731812** |
| **Portugal 0.2%** | **Portugal 0.2%** | **Portugal 0.2%** |
| EDP SA  | 3618578 | 14419052 |
| Galp Energia SGPS SA  | 492187 | 7847720 |
| Jeronimo Martins SGPS SA  | 255595 | 6430041 |
|  |  | **28696813** |
| **Republic of Korea 5.3%** | **Republic of Korea 5.3%** | **Republic of Korea 5.3%** |
| BNK Financial Group, Inc.  | 595160 | 4770943 |
| CJ CheilJedang Corp.  | 23521 | 3946591 |
| CJ Corp.  | 80612 | 7963627 |
| DB Insurance Co. Ltd.  | 55864 | 4069241 |
| DL E&C Co. Ltd.  | 131142 | 4590968 |
| Doosan Enerbility Co. Ltd. \* | 302320 | 8841496 |
| E-MART, Inc.  | 139165 | 9209078 |
| GS Engineering & Construction Corp.  | 255290 | 4190997 |
| GS Holdings Corp.  | 395581 | 12486448 |
| Hana Financial Group, Inc.  | 334348 | 17617670 |
| Hankook Tire & Technology Co. Ltd.  | 162038 | 4521608 |
| Hanwha Corp.  | 155215 | 8493682 |
| Hanwha Solutions Corp.  | 212279 | 4584992 |
| HD Hyundai Co. Ltd.  | 88928 | 7199578 |
| HMM Co. Ltd.  | 829714 | 12809240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyundai Engineering & Construction <br> Co. Ltd. <br>| 230736 | 10669679 |
| Hyundai Glovis Co. Ltd.  | 71618 | 5886411 |
| Hyundai Mobis Co. Ltd.  | 125887 | 23084302 |
| Hyundai Motor Co.  | 192475 | 25850270 |
| Hyundai Steel Co.  | 544044 | 11119838 |
| Industrial Bank of Korea  | 312578 | 3565976 |
| KB Financial Group, Inc.  | 304235 | 22998993 |
| Kia Corp.  | 401566 | 26020150 |

---

**39**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Korea Electric Power Corp.  | 731486 | 16090889 |
| Korea Gas Corp.  | 199615 | 5982518 |
| Korea Zinc Co. Ltd.  | 10999 | 5827549 |
| Korean Air Lines Co. Ltd.  | 390132 | 6362231 |
| KT Corp.  | 151451 | 5576365 |
| KT&G Corp.  | 100247 | 8733558 |
| Kumho Petrochemical Co. Ltd.  | 44734 | 3744855 |
| LG Chem Ltd.  | 83997 | 12011748 |
| LG Corp.  | 87853 | 4520956 |
| LG Display Co. Ltd. \* | 1310880 | 8180530 |
| LG Electronics, Inc.  | 359623 | 18532431 |
| LG H&H Co. Ltd.  | 20503 | 4844515 |
| LG Innotek Co. Ltd.  | 32905 | 3455776 |
| LG Uplus Corp.  | 1050244 | 9743512 |
| Lotte Chemical Corp.  | 109198 | 4725028 |
| NAVER Corp.  | 49531 | 6731219 |
| POSCO Holdings, Inc.  | 213123 | 38617634 |
| Posco International Corp.  | 131659 | 4680636 |
| Samsung C&T Corp.  | 95112 | 10326721 |
| Samsung Electro-Mechanics Co. Ltd.  | 69611 | 6165445 |
| Samsung Electronics Co. Ltd.  | 6537979 | 266314720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Samsung Fire & Marine Insurance <br> Co. Ltd. <br>| 27521 | 8068598 |
| Samsung Life Insurance Co. Ltd.  | 56493 | 4049545 |
| Samsung SDI Co. Ltd.  | 43983 | 5384307 |
| Samsung SDS Co. Ltd.  | 50336 | 4750125 |
| Shinhan Financial Group Co. Ltd.  | 543723 | 22896504 |
| SK Hynix, Inc.  | 342394 | 50749854 |
| SK Innovation Co. Ltd.  | 147856 | 9591297 |
| SK Telecom Co. Ltd.  | 256343 | 9568504 |
| SK, Inc.  | 170049 | 20176141 |
| S-Oil Corp.  | 111843 | 4409842 |
| Woori Financial Group, Inc.  | 950804 | 13279693 |
|  |  | **848585024** |
| **Singapore 0.7%** | **Singapore 0.7%** | **Singapore 0.7%** |
| ComfortDelGro Corp. Ltd.  | 3125964 | 3442051 |
| DBS Group Holdings Ltd.  | 788377 | 27338880 |
| Keppel Ltd.  | 162644 | 856353 |
| Olam Group Ltd.  | 4780517 | 3336279 |
| Oversea-Chinese Banking Corp. Ltd.  | 1693770 | 21316600 |
| Singapore Airlines Ltd.  | 1239070 | 6850627 |
| Singapore Telecommunications Ltd.  | 4997396 | 14764329 |
| United Overseas Bank Ltd.  | 685665 | 18827076 |
| Venture Corp. Ltd.  | 300464 | 2579200 |
| Wilmar International Ltd.  | 4267792 | 10093646 |
|  |  | **109405041** |
| **Spain 3.3%** | **Spain 3.3%** | **Spain 3.3%** |
| Acciona SA  | 21156 | 3410464 |
| Acerinox SA  | 366287 | 4328764 |
| &nbsp;&nbsp;&nbsp;&nbsp; ACS Actividades de Construccion y <br> Servicios SA <br>| 243049 | 15962056 |
| Aena SME SA  | 19828 | 5334809 |
| Amadeus IT Group SA  | 98973 | 8244913 |
| Banco Bilbao Vizcaya Argentaria SA  | 4986811 | 74785493 |
| Banco de Sabadell SA  | 3712485 | 11821952 |
| Banco Santander SA  | 19047179 | 152033535 |
| CaixaBank SA  | 1115974 | 9486621 |
| Cellnex Telecom SA \* | 32265 | 1235125 |
| Enagas SA  | 173346 | 2787546 |
| Endesa SA  | 369901 | 11287725 |
| Grifols SA \* | 327052 | 3516077 |
| Iberdrola SA  | 4218380 | 77005789 |
| Industria de Diseno Textil SA  | 379660 | 20567756 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Consolidated Airlines <br> Group SA <br>| 2117445 | 9311724 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Mapfre SA *(a)* | 355439 | 1346117 |
| Naturgy Energy Group SA  | 33245 | 982031 |
| Redeia Corp. SA  | 286414 | 5917759 |
| Repsol SA  | 3101188 | 41737005 |
| Telefonica SA *(a)* | 11693477 | 62551911 |
|  |  | **523655172** |
| **Sweden 1.8%** | **Sweden 1.8%** | **Sweden 1.8%** |
| Alfa Laval AB  | 98173 | 4167136 |
| Assa Abloy AB, B Shares  | 402624 | 12738998 |
| Atlas Copco AB, A Shares  | 673575 | 10792684 |
| Atlas Copco AB, B Shares  | 393737 | 5597612 |
| Autoliv, Inc.  | 60809 | 6252381 |
| Boliden AB \* | 334363 | 10439978 |
| Electrolux AB, B Shares \* | 584104 | 3799584 |
| Epiroc AB, A Shares  | 227087 | 5071360 |
| Epiroc AB, B Shares  | 127968 | 2498087 |
| Essity AB, B Shares  | 470543 | 13731795 |
| &nbsp;&nbsp;&nbsp;&nbsp; H & M Hennes & Mauritz AB, <br> B Shares <br>| 619628 | 8857404 |
| Hexagon AB, B Shares  | 634105 | 6377393 |
| Husqvarna AB, B Shares  | 569341 | 2872505 |
| Sandvik AB  | 608237 | 13260332 |
| Securitas AB, B Shares  | 544140 | 8030427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Skandinaviska Enskilda Banken AB, <br> A Shares <br>| 771304 | 12844427 |
| Skanska AB, B Shares  | 463601 | 11000023 |
| SKF AB, B Shares  | 428515 | 9404626 |
| SSAB AB, A Shares  | 528167 | 3177267 |
| SSAB AB, B Shares  | 1474483 | 8734880 |
| Svenska Cellulosa AB SCA, B Shares  | 262957 | 3549459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, <br> A Shares <br>| 953633 | 12713518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Svenska Handelsbanken AB, <br> B Shares *(a)*<br>| 27134 | 566695 |
| Swedbank AB, A Shares  | 667601 | 18036789 |
| Tele2 AB, B Shares  | 559493 | 8356032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telefonaktiebolaget LM Ericsson, <br> B Shares <br>| 3075141 | 26086808 |
| Telia Co. AB  | 3360191 | 12958056 |
| Trelleborg AB, B Shares  | 108697 | 3974449 |
| Volvo AB, A Shares  | 150566 | 4176053 |
| Volvo AB, B Shares  | 1238741 | 34292863 |
| Volvo Car AB, B Shares \**(a)* | 1682901 | 3046934 |
|  |  | **287406555** |
| **Switzerland 4.9%** | **Switzerland 4.9%** | **Switzerland 4.9%** |
| ABB Ltd.  | 489471 | 27728051 |
| Adecco Group AG  | 460825 | 12901193 |
| Alcon AG  | 120592 | 10377767 |
| Baloise Holding AG  | 18509 | 4397732 |
| Barry Callebaut AG  | 2984 | 3063726 |
| Bucher Industries AG  | 1836 | 887216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli <br> AG <br>| 27 | 4246120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Chocoladefabriken Lindt & Spruengli <br> AG, Participation Certificates <br>| 268 | 4315793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cie Financiere Richemont SA, <br> Class A <br>| 149353 | 28150827 |
| Coca-Cola HBC AG \* | 130110 | 6776261 |
| DSM-Firmenich AG  | 23365 | 2599993 |
| Garmin Ltd.  | 41655 | 8454715 |
| Geberit AG  | 11844 | 8837407 |
| Givaudan SA  | 1747 | 8778061 |
| Holcim AG \* | 364304 | 40361451 |
| Julius Baer Group Ltd.  | 99175 | 6533201 |

---

**40**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Kuehne & Nagel International AG  | 35595 | 8017594 |
| Logitech International SA  | 71408 | 5948711 |
| Lonza Group AG  | 15633 | 10831116 |
| Nestle SA  | 1296645 | 138416124 |
| Novartis AG  | 834031 | 95458505 |
| Partners Group Holding AG  | 3834 | 5142801 |
| Roche Holding AG  | 426724 | 137904232 |
| Roche Holding AG, Bearer Shares  | 18224 | 6211089 |
| Sandoz Group AG  | 231913 | 11779842 |
| Schindler Holding AG  | 7072 | 2427490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Schindler Holding AG, Participation <br> Certificates <br>| 16208 | 5768631 |
| SGS SA  | 60089 | 6274036 |
| Sika AG  | 39023 | 10435583 |
| Sonova Holding AG  | 13409 | 4204441 |
| Sunrise Communications AG, Class A  | 22102 | 1139603 |
| Swatch Group AG  | 67127 | 2318866 |
| Swatch Group AG, Bearer Shares *(a)* | 33895 | 5716210 |
| Swiss Life Holding AG  | 14783 | 14780301 |
| Swiss Re AG  | 124785 | 22061982 |
| Swisscom AG  | 21577 | 14852162 |
| Transocean Ltd. \* | 265267 | 660515 |
| UBS Group AG  | 1205152 | 38418758 |
| Zurich Insurance Group AG  | 75351 | 52939684 |
|  |  | **780117790** |
| **United Kingdom 13.7%** | **United Kingdom 13.7%** | **United Kingdom 13.7%** |
| 3i Group PLC  | 234014 | 12850404 |
| Aberdeen Group PLC  | 3221761 | 7542411 |
| Admiral Group PLC  | 121636 | 5495081 |
| Anglo American PLC  | 1800111 | 53527265 |
| Anglogold Ashanti PLC  | 219005 | 9594609 |
| Antofagasta PLC  | 212198 | 5066457 |
| ARM Holdings PLC, ADR \* | 27859 | 3469560 |
| Ashtead Group PLC  | 210453 | 12303011 |
| Associated British Foods PLC  | 337571 | 9482472 |
| AstraZeneca PLC  | 367585 | 53139779 |
| Aviva PLC  | 2210124 | 18198710 |
| BAE Systems PLC  | 1501296 | 38497261 |
| Balfour Beatty PLC  | 725788 | 4891851 |
| Barclays PLC  | 14635545 | 64637921 |
| Barratt Redrow PLC  | 1768629 | 10990473 |
| Bellway PLC  | 178291 | 6520581 |
| Berkeley Group Holdings PLC  | 90366 | 5142623 |
| BP PLC  | 27202875 | 131972299 |
| British American Tobacco PLC  | 2647481 | 119032518 |
| BT Group PLC  | 16673888 | 40350370 |
| Bunzl PLC  | 214554 | 6874644 |
| Burberry Group PLC  | 583866 | 8149308 |
| Centrica PLC  | 5556486 | 11865484 |
| CK Hutchison Holdings Ltd.  | 6975606 | 39274506 |
| Coca-Cola Europacific Partners PLC  | 67150 | 6163698 |
| Compass Group PLC  | 672904 | 23638941 |
| Croda International PLC  | 85006 | 3516998 |
| Currys PLC \* | 5466552 | 8971628 |
| Diageo PLC  | 990680 | 26946755 |
| Direct Line Insurance Group PLC  | 2108569 | 8462290 |
| Dowlais Group PLC  | 6029058 | 5410840 |
| Drax Group PLC  | 152734 | 1361458 |
| Firstgroup PLC  | 2200339 | 5667482 |
| GSK PLC  | 2661190 | 54082444 |
| Haleon PLC  | 4120978 | 23001857 |
| Harbour Energy PLC  | 728216 | 1748024 |
| Hays PLC  | 4723104 | 4585927 |
| HSBC Holdings PLC  | 11910304 | 140250284 |
| Imperial Brands PLC  | 977832 | 37054225 |
| Inchcape PLC  | 486511 | 4464656 |
| Informa PLC  | 390424 | 4135181 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Intertek Group PLC  | 82848 | 5347144 |
| Investec PLC  | 132245 | 945197 |
| ITV PLC  | 5215005 | 5485504 |
| J Sainsbury PLC  | 5794771 | 22302699 |
| JD Sports Fashion PLC  | 925650 | 1050058 |
| John Wood Group PLC \**(c)* | 3188650 | 792930 |
| Johnson Matthey PLC  | 538762 | 12474824 |
| Kingfisher PLC  | 4828227 | 18074834 |
| Legal & General Group PLC  | 4874981 | 16349930 |
| Lloyds Banking Group PLC  | 58919040 | 61339487 |
| London Stock Exchange Group PLC  | 72650 | 11046364 |
| M&G PLC  | 4495266 | 14348973 |
| Marks & Spencer Group PLC  | 2202426 | 11119989 |
| Melrose Industries PLC  | 900338 | 5683442 |
| Mondi PLC  | 595847 | 9686550 |
| National Grid PLC *(a)* | 2883466 | 40693144 |
| NatWest Group PLC  | 5279520 | 37349939 |
| Next PLC  | 53649 | 9307619 |
| Pearson PLC  | 469938 | 7383013 |
| Persimmon PLC  | 645292 | 11599883 |
| Phoenix Group Holdings PLC  | 569859 | 4872186 |
| Prudential PLC  | 1586335 | 18072406 |
| Reckitt Benckiser Group PLC  | 356648 | 24201796 |
| RELX PLC  | 390727 | 21044987 |
| Rentokil Initial PLC  | 803374 | 3809200 |
| Rio Tinto PLC  | 1439622 | 85460551 |
| Rolls-Royce Holdings PLC  | 146762 | 1714348 |
| RS Group PLC  | 114245 | 877401 |
| Sage Group PLC  | 279245 | 4590461 |
| Serco Group PLC  | 443492 | 1115403 |
| Severn Trent PLC  | 158343 | 5771811 |
| Shell PLC  | 10142104 | 335021499 |
| Smith & Nephew PLC  | 602788 | 8734503 |
| Smiths Group PLC  | 240111 | 6974690 |
| SSE PLC  | 793409 | 18841855 |
| St. James's Place PLC  | 86224 | 1295912 |
| Standard Chartered PLC  | 1971211 | 30782852 |
| Taylor Wimpey PLC  | 5376043 | 8667213 |
| Tesco PLC  | 11019710 | 57659260 |
| Travis Perkins PLC  | 563231 | 4826911 |
| Unilever PLC  | 1322027 | 83917338 |
| United Utilities Group PLC  | 419877 | 6630498 |
| Vodafone Group PLC  | 95315704 | 98820036 |
| Whitbread PLC  | 41010 | 1600499 |
|  |  | **2176017425** |
| **United States 0.2%** | **United States 0.2%** | **United States 0.2%** |
| Coronado Global Resources, Inc.  | 2166817 | 153390 |
| Ferguson Enterprises, Inc.  | 123598 | 22551551 |
| Lululemon Athletica, Inc. \* | 27969 | 8856943 |
|  |  | **31561884** |
| **Total Common Stocks**<br> **(Cost $12,047,329,334)** | **Total Common Stocks**<br> **(Cost $12,047,329,334)** | **15595026190** |
| **PREFERRED STOCKS** 1.2% OF NET ASSETS | **PREFERRED STOCKS** 1.2% OF NET ASSETS | **PREFERRED STOCKS** 1.2% OF NET ASSETS |
| **Germany 0.8%** | **Germany 0.8%** | **Germany 0.8%** |
| Bayerische Motoren Werke AG  | 140933 | 11671579 |
| Dr. Ing hc F Porsche AG  | 53078 | 2558504 |
| FUCHS SE  | 70681 | 3565894 |
| Henkel AG & Co. KGaA  | 86163 | 6894112 |
| Porsche Automobil Holding SE  | 47080 | 1876010 |
| Volkswagen AG  | 885761 | 95890245 |
|  |  | **122456344** |

---

**41**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Italy 0.1%** | **Italy 0.1%** | **Italy 0.1%** |
| Telecom Italia SpA - RSP \* | 27442800 | **12876133** |
| **Republic of Korea 0.3%** | **Republic of Korea 0.3%** | **Republic of Korea 0.3%** |
| Hanwha Corp.  | 89921 | 1951971 |
| Hyundai Motor Co.  | 36631 | 3926741 |
| Hyundai Motor Co. 2nd  | 58638 | 6277330 |
| LG Chem Ltd.  | 15544 | 1101836 |
| Samsung Electronics Co. Ltd.  | 1097880 | 36683531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Samsung Fire & Marine Insurance <br> Co. Ltd. <br>| 3481 | 744289 |
|  |  | **50685698** |
| **Spain 0.0%** | **Spain 0.0%** | **Spain 0.0%** |
| Grifols SA, B Shares \* | 277132 | **2296684** |
| **Total Preferred Stocks**<br> **(Cost $197,083,347)** | **Total Preferred Stocks**<br> **(Cost $197,083,347)** | **188314859** |
| **WARRANTS** 0.0% OF NET ASSETS | **WARRANTS** 0.0% OF NET ASSETS | **WARRANTS** 0.0% OF NET ASSETS |
| **Canada 0.0%** | **Canada 0.0%** | **Canada 0.0%** |
| Constellation Software, Inc. | Constellation Software, Inc. | Constellation Software, Inc. |
| &nbsp;&nbsp;&nbsp;&nbsp; expires 03/31/40 \**(c)* | 1396 | **7046** |
| **Total Warrants**<br> **(Cost $0)** | **Total Warrants**<br> **(Cost $0)** | **7046** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.9% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.9% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.9% OF NET ASSETS |
| **Money Market Funds 0.9%** | **Money Market Funds 0.9%** | **Money Market Funds 0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(d)*<br>| 16503517 | 16503517 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(d)(e)*<br>| 130825796 | 130825796 |
|  |  | **147329313** |
| **Total Short-Term Investments**<br> **(Cost $147,329,313)** | **Total Short-Term Investments**<br> **(Cost $147,329,313)** | **147329313** |
| **Total Investments in Securities**<br> **(Cost $12,391,741,994)** | **Total Investments in Securities**<br> **(Cost $12,391,741,994)** | **15930677408** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI EAFE Index, expires <br> 06/20/25<br>| 1033 | 134522425 | **3401744** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $124,801,974. 

*(b)* Security is traded on separate exchanges for the same issuer.

*(c)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ADR — | American Depositary Receipt |
| GDR — | Global Depositary Receipt |
| REIT — | Real Estate Investment Trust |
| RSP — | Risparmio (Savings Shares) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

The following is a summary of the inputs used to value the fund's investments as of May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $13419008765 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $13419008765 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Kingdom | 2175224495 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 792930 | &nbsp;&nbsp;&nbsp; 2176017425 |
| Preferred Stocks<sup>1</sup> <br>| 188314859 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 188314859 |
| Warrants |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Canada |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 7046 | &nbsp;&nbsp;&nbsp; 7046 |

---

**42**

------

Schwab Fundamental International Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| Short-Term Investments<sup>1</sup> <br>| $147329313 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $147329313 |
| Futures Contracts<sup>2</sup> <br>| 3401744 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3401744 |
| **Total** | **$15933279176** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$799976** | &nbsp;&nbsp; **$15934079152** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**43**

------

Schwab Strategic Trust

Schwab Fundamental International Small Equity ETF

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 98.3% OF NET ASSETS | **COMMON STOCKS** 98.3% OF NET ASSETS | **COMMON STOCKS** 98.3% OF NET ASSETS |
| **Australia 4.5%** | **Australia 4.5%** | **Australia 4.5%** |
| Accent Group Ltd.  | 125521 | 153480 |
| ALS Ltd.  | 205635 | 2126646 |
| Amotiv Ltd.  | 93040 | 473618 |
| AMP Ltd.  | 1995022 | 1604870 |
| Ansell Ltd.  | 151404 | 3074107 |
| ARB Corp. Ltd.  | 30609 | 609863 |
| ASX Ltd.  | 52913 | 2427919 |
| Austal Ltd. \* | 438100 | 1556305 |
| Bank of Queensland Ltd.  | 547687 | 2752743 |
| Bapcor Ltd.  | 464682 | 1561020 |
| Beach Energy Ltd.  | 2259990 | 1956190 |
| Bega Cheese Ltd.  | 340694 | 1194932 |
| Bendigo & Adelaide Bank Ltd.  | 363878 | 2805400 |
| Breville Group Ltd.  | 37427 | 703556 |
| Brickworks Ltd.  | 28885 | 511382 |
| CAR Group Ltd.  | 50194 | 1148671 |
| Challenger Ltd.  | 292657 | 1433263 |
| Champion Iron Ltd.  | 411588 | 1146919 |
| Charter Hall Group  | 190013 | 2221879 |
| Cleanaway Waste Management Ltd.  | 1201296 | 2172394 |
| Cochlear Ltd.  | 11985 | 2094065 |
| Collins Foods Ltd.  | 90019 | 450130 |
| Credit Corp. Group Ltd.  | 64501 | 569927 |
| Cromwell Property Group  | 1768001 | 398229 |
| Dexus  | 525805 | 2368672 |
| Domino's Pizza Enterprises Ltd.  | 50208 | 757378 |
| Eagers Automotive Ltd.  | 325946 | 3641477 |
| Elders Ltd.  | 253949 | 1029602 |
| Evolution Mining Ltd.  | 1084883 | 6178861 |
| FleetPartners Group Ltd. \* | 343677 | 656885 |
| Flight Centre Travel Group Ltd.  | 60958 | 521360 |
| G8 Education Ltd.  | 1689275 | 1331738 |
| GPT Group  | 721066 | 2227401 |
| GrainCorp Ltd., Class A  | 542034 | 2678983 |
| Harvey Norman Holdings Ltd.  | 705269 | 2378309 |
| Healius Ltd.  | 2021527 | 1138334 |
| Helia Group Ltd.  | 293602 | 982527 |
| IDP Education Ltd.  | 71288 | 357844 |
| IGO Ltd.  | 434415 | 1084723 |
| Iluka Resources Ltd.  | 492640 | 1163531 |
| Inghams Group Ltd.  | 529205 | 1277137 |
| Insignia Financial Ltd. \* | 591901 | 1279884 |
| IPH Ltd.  | 158176 | 504899 |
| IRESS Ltd.  | 125190 | 697702 |
| Lottery Corp. Ltd.  | 503392 | 1652185 |
| Lynas Rare Earths Ltd. \* | 200854 | 1019858 |
| Magellan Financial Group Ltd.  | 259837 | 1399615 |
| Mirvac Group  | 740180 | 1100352 |
| Monadelphous Group Ltd.  | 130368 | 1447246 |
| Myer Holdings Ltd.  | 458068 | 203405 |
| New Hope Corp. Ltd.  | 582421 | 1394319 |
| nib holdings Ltd.  | 430290 | 1863625 |
| Nickel Industries Ltd.  | 1496394 | 659658 |
| Nine Entertainment Co. Holdings Ltd.  | 2497489 | 2595723 |
| NRW Holdings Ltd.  | 724233 | 1305024 |
| Nufarm Ltd. \* | 669858 | 1025987 |
| oOh!media Ltd.  | 643593 | 695830 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Orora Ltd.  | 1709329 | 2057072 |
| Perenti Ltd.  | 2035950 | 2063621 |
| Perpetual Ltd.  | 76574 | 872242 |
| Perseus Mining Ltd.  | 664670 | 1663941 |
| Pilbara Minerals Ltd. \* | 355488 | 283680 |
| Premier Investments Ltd.  | 59625 | 785084 |
| Qantas Airways Ltd.  | 437078 | 2984397 |
| Qube Holdings Ltd.  | 917171 | 2502640 |
| Ramelius Resources Ltd.  | 610309 | 1131161 |
| REA Group Ltd.  | 5700 | 879313 |
| Reece Ltd.  | 140732 | 1418296 |
| Region RE Ltd.  | 595696 | 908564 |
| Regis Resources Ltd. \* | 1047569 | 3411265 |
| Reliance Worldwide Corp. Ltd.  | 512730 | 1455156 |
| Ridley Corp. Ltd.  | 310249 | 539084 |
| Sandfire Resources Ltd. \* | 222655 | 1652129 |
| SEEK Ltd.  | 108963 | 1704693 |
| Service Stream Ltd.  | 153083 | 178808 |
| SGH Ltd.  | 78800 | 2573621 |
| Sigma Healthcare Ltd.  | 1029717 | 2067544 |
| Sims Ltd.  | 105648 | 1029365 |
| SmartGroup Corp. Ltd.  | 89686 | 420760 |
| Stanmore Resources Ltd.  | 118077 | 148937 |
| Star Entertainment Group Ltd. \* | 7858323 | 531008 |
| Steadfast Group Ltd.  | 262579 | 973340 |
| Super Retail Group Ltd.  | 206800 | 1905793 |
| Tabcorp Holdings Ltd.  | 3206634 | 1454859 |
| TPG Telecom Ltd.  | 597750 | 1981112 |
| Treasury Wine Estates Ltd.  | 130509 | 708868 |
| Ventia Services Group Pty. Ltd.  | 492715 | 1499820 |
| Vicinity Ltd.  | 2453576 | 3884337 |
| West African Resources Ltd. \* | 153492 | 279547 |
| Westgold Resources Ltd.  | 252415 | 493823 |
|  |  | **130211462** |
| **Austria 0.8%** | **Austria 0.8%** | **Austria 0.8%** |
| ANDRITZ AG  | 60291 | 4164901 |
| &nbsp;&nbsp;&nbsp;&nbsp; AT&S Austria Technologie & <br> Systemtechnik AG \**(a)*<br>| 39785 | 766918 |
| EVN AG  | 32350 | 868554 |
| Kontron AG \**(a)* | 35672 | 930613 |
| Lenzing AG \**(a)* | 39003 | 1168944 |
| Mayr Melnhof Karton AG *(a)* | 27187 | 2308631 |
| Oesterreichische Post AG  | 32914 | 1122837 |
| Palfinger AG  | 31204 | 1052103 |
| Strabag SE  | 40554 | 3568018 |
| Telekom Austria AG  | 175317 | 1942520 |
| UNIQA Insurance Group AG  | 133391 | 1850501 |
| Verbund AG  | 13656 | 1065830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vienna Insurance Group AG Wiener <br> Versicherung Gruppe <br>| 38977 | 1911542 |
|  |  | **22721912** |
| **Belgium 1.1%** | **Belgium 1.1%** | **Belgium 1.1%** |
| Ackermans & van Haaren NV  | 16432 | 4178593 |
| Aedifica SA  | 12832 | 968741 |
| Azelis Group NV  | 74699 | 1235566 |
| Barco NV  | 77167 | 1130090 |
| Bekaert SA  | 79951 | 3240289 |

---

**44**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| bpost SA \* | 505291 | 1092195 |
| Cofinimmo SA  | 20079 | 1727838 |
| Colruyt Group NV  | 65835 | 2968641 |
| Deme Group NV  | 5286 | 820928 |
| D'ieteren Group  | 7732 | 1587896 |
| Elia Group SA *(a)* | 21578 | 2285517 |
| Fagron  | 37091 | 911629 |
| KBC Ancora  | 15436 | 1121518 |
| Lotus Bakeries NV  | 15 | 155132 |
| Melexis NV  | 13332 | 894488 |
| Ontex Group NV \* | 133458 | 1187824 |
| Solvay SA  | 60740 | 1990044 |
| Tessenderlo Group SA  | 30156 | 922623 |
| Titan SA  | 26389 | 1192333 |
| Warehouses De Pauw CVA  | 37472 | 912910 |
|  |  | **30524795** |
| **Cambodia 0.0%** | **Cambodia 0.0%** | **Cambodia 0.0%** |
| NagaCorp Ltd. \* | 1092614 | **518332** |
| **Canada 7.5%** | **Canada 7.5%** | **Canada 7.5%** |
| ADENTRA, Inc.  | 20939 | 394429 |
| Advantage Energy Ltd. \* | 142146 | 1155818 |
| Aecon Group, Inc.  | 112336 | 1540897 |
| Air Canada \* | 169074 | 2360974 |
| Alamos Gold, Inc., Class A  | 94276 | 2436866 |
| Algoma Steel Group, Inc.  | 290444 | 1533600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Allied Properties Real Estate Investment <br> Trust <br>| 117059 | 1343461 |
| Altus Group Ltd.  | 4530 | 179559 |
| Aris Mining Corp. \* | 43092 | 281127 |
| Aritzia, Inc. \* | 29338 | 1421078 |
| Artis Real Estate Investment Trust *(a)* | 109809 | 574222 |
| Athabasca Oil Corp. \* | 273245 | 1025451 |
| AtkinsRealis Group, Inc.  | 19344 | 1266199 |
| ATS Corp. \* | 34464 | 995607 |
| Badger Infrastructure Solutions Ltd.  | 25459 | 826013 |
| Bausch & Lomb Corp. \* | 28246 | 319448 |
| Baytex Energy Corp.  | 936414 | 1518748 |
| Birchcliff Energy Ltd.  | 415180 | 1956701 |
| Bird Construction, Inc. *(a)* | 35031 | 688926 |
| Boardwalk Real Estate Investment Trust  | 10087 | 514052 |
| Bombardier, Inc., Class B \* | 38534 | 2691593 |
| Boralex, Inc., Class A *(a)* | 55114 | 1265463 |
| Boyd Group Services, Inc.  | 9641 | 1437227 |
| Brookfield Business Corp., Class A *(a)* | 51702 | 1481175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Brookfield Infrastructure Corp., <br> Class A *(a)*<br>| 66167 | 2615496 |
| Brookfield Renewable Corp. *(a)* | 66263 | 1946998 |
| Brookfield Wealth Solutions Ltd. \* | 23165 | 1354233 |
| BRP, Inc.  | 36994 | 1626450 |
| CAE, Inc. \* | 161452 | 4148587 |
| Calibre Mining Corp. \* | 75715 | 174564 |
| Cameco Corp.  | 42092 | 2459487 |
| Canaccord Genuity Group, Inc.  | 136989 | 926577 |
| Canada Goose Holdings, Inc. \* | 15974 | 192857 |
| Canadian Apartment Properties REIT  | 72894 | 2372985 |
| Canadian Solar, Inc. \**(a)* | 175665 | 1849752 |
| Canadian Utilities Ltd., Class A  | 135106 | 3771314 |
| Canfor Corp. \* | 271992 | 2571654 |
| Capital Power Corp.  | 69899 | 2797587 |
| Capstone Copper Corp. \* | 193627 | 1047736 |
| Cardinal Energy Ltd. *(a)* | 125934 | 563289 |
| Cargojet, Inc.  | 10391 | 706160 |
| Cascades, Inc.  | 307590 | 1977596 |
| Celestica, Inc. \* | 51429 | 5944286 |
| Centerra Gold, Inc.  | 375380 | 2672803 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| CES Energy Solutions Corp.  | 178753 | 812543 |
| Chartwell Retirement Residences  | 111868 | 1514138 |
| Chemtrade Logistics Income Fund  | 179827 | 1471365 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Gold International Resources <br> Corp. Ltd. <br>| 200896 | 1543570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Choice Properties Real Estate <br> Investment Trust <br>| 130233 | 1417934 |
| CI Financial Corp.  | 239173 | 5467259 |
| Cogeco Communications, Inc.  | 63030 | 3167659 |
| Colliers International Group, Inc.  | 10344 | 1245388 |
| Crombie Real Estate Investment Trust  | 104773 | 1128542 |
| CT Real Estate Investment Trust  | 42385 | 490451 |
| Curaleaf Holdings, Inc. \**(a)* | 138587 | 114905 |
| Definity Financial Corp.  | 24568 | 1331545 |
| Descartes Systems Group, Inc. \* | 8263 | 956259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dream Industrial Real Estate Investment <br> Trust <br>| 78426 | 637698 |
| Dundee Precious Metals, Inc.  | 137957 | 2122107 |
| E-L Financial Corp. Ltd.  | 275 | 332012 |
| Eldorado Gold Corp. \* | 101003 | 2034091 |
| Element Fleet Management Corp.  | 109998 | 2616048 |
| Enerflex Ltd.  | 194587 | 1368527 |
| Enghouse Systems Ltd.  | 30585 | 587031 |
| EQB, Inc.  | 10854 | 747098 |
| Equinox Gold Corp. \* | 199305 | 1320534 |
| ERO Copper Corp. \* | 40825 | 575431 |
| Exchange Income Corp.  | 40234 | 1684622 |
| Fiera Capital Corp.  | 79694 | 318788 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Capital Real Estate Investment <br> Trust <br>| 156039 | 2014395 |
| First Majestic Silver Corp.  | 37395 | 230362 |
| FirstService Corp.  | 10659 | 1864811 |
| Fortuna Mining Corp. \* | 173445 | 1012956 |
| GFL Environmental, Inc.  | 63521 | 3204347 |
| Gibson Energy, Inc.  | 196723 | 3242113 |
| goeasy Ltd.  | 6652 | 723135 |
| Granite Real Estate Investment Trust  | 17950 | 917768 |
| H&R Real Estate Investment Trust  | 337155 | 2557567 |
| Hudbay Minerals, Inc.  | 226610 | 2015666 |
| IAMGOLD Corp. \* | 284795 | 1947033 |
| IGM Financial, Inc.  | 80744 | 2572744 |
| Innergex Renewable Energy, Inc.  | 176246 | 1750988 |
| Interfor Corp. \* | 196210 | 1789500 |
| International Petroleum Corp. \* | 79109 | 1111073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Killam Apartment Real Estate <br> Investment Trust <br>| 53062 | 750999 |
| Labrador Iron Ore Royalty Corp.  | 31915 | 672212 |
| Lassonde Industries, Inc., Class A  | 5546 | 888925 |
| Laurentian Bank of Canada  | 64159 | 1427881 |
| Leon's Furniture Ltd.  | 33769 | 676633 |
| Maple Leaf Foods, Inc.  | 103474 | 2052246 |
| Martinrea International, Inc.  | 210277 | 1289236 |
| Mattr Corp. \* | 49754 | 341596 |
| Mullen Group Ltd.  | 143832 | 1459294 |
| New Gold, Inc. \* | 71586 | 317593 |
| NFI Group, Inc. \* | 97311 | 1102662 |
| North West Co., Inc.  | 60370 | 2514118 |
| Northland Power, Inc.  | 81191 | 1208166 |
| &nbsp;&nbsp;&nbsp;&nbsp; NorthWest Healthcare Properties Real <br> Estate Investment Trust <br>| 217711 | 763204 |
| NuVista Energy Ltd. \* | 127977 | 1286332 |
| Obsidian Energy Ltd. \* | 107556 | 513941 |
| OceanaGold Corp.  | 623972 | 2772806 |
| Onex Corp.  | 3277 | 242793 |
| OR Royalties, Inc.  | 8441 | 215299 |
| Pan American Silver Corp.  | 126786 | 3086314 |
| Paramount Resources Ltd., Class A *(a)* | 54727 | 758245 |
| Parex Resources, Inc.  | 283130 | 2794337 |

---

**45**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Pason Systems, Inc.  | 63132 | 555582 |
| Peyto Exploration & Development Corp.  | 128841 | 1733560 |
| Precision Drilling Corp. \* | 21924 | 945716 |
| Premium Brands Holdings Corp.  | 44480 | 2632665 |
| RB Global, Inc.  | 29111 | 3061318 |
| Richelieu Hardware Ltd.  | 47685 | 1199278 |
| RioCan Real Estate Investment Trust  | 255030 | 3216277 |
| Russel Metals, Inc.  | 125438 | 3746855 |
| Sagicor Financial Co. Ltd.  | 41048 | 237341 |
| Secure Waste Infrastructure Corp.  | 223202 | 2486967 |
| Shopify, Inc., Class A \* | 32246 | 3439073 |
| Sienna Senior Living, Inc.  | 57033 | 772359 |
| &nbsp;&nbsp;&nbsp;&nbsp; SmartCentres Real Estate Investment <br> Trust <br>| 71712 | 1348756 |
| Spin Master Corp.  | 35850 | 625768 |
| SSR Mining, Inc. \* | 383488 | 4532296 |
| Stantec, Inc.  | 40695 | 4178271 |
| Stella-Jones, Inc.  | 50302 | 2838599 |
| Superior Plus Corp.  | 384868 | 2180531 |
| Tamarack Valley Energy Ltd.  | 305160 | 969889 |
| Teekay Tankers Ltd., Class A  | 19777 | 873946 |
| TELUS International CDA, Inc. \* | 165876 | 471708 |
| TMX Group Ltd.  | 62231 | 2510603 |
| Torex Gold Resources, Inc. \* | 106309 | 3406651 |
| TransAlta Corp.  | 253030 | 2467822 |
| Transcontinental, Inc., Class A  | 227114 | 3531545 |
| Trican Well Service Ltd.  | 144439 | 450666 |
| Wajax Corp.  | 43674 | 714374 |
| Winpak Ltd.  | 25711 | 825213 |
|  |  | **215977509** |
| **China 1.1%** | **China 1.1%** | **China 1.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Alibaba Health Information Technology <br> Ltd. \**(a)*<br>| 1969728 | 1137896 |
| Bosideng International Holdings Ltd.  | 2706513 | 1518661 |
| Budweiser Brewing Co. APAC Ltd.  | 1491727 | 1556112 |
| China Medical System Holdings Ltd.  | 1816794 | 2483697 |
| China Water Affairs Group Ltd.  | 1885293 | 1468988 |
| Chow Tai Fook Jewellery Group Ltd.  | 2151050 | 3066835 |
| FIH Mobile Ltd. \* | 1181979 | 1394279 |
| GCL Technology Holdings Ltd. \**(a)* | 5672617 | 593192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health & Happiness H&H International <br> Holdings Ltd. <br>| 381445 | 627509 |
| Hopson Development Holdings Ltd. \* | 4248600 | 1647091 |
| JOYY, Inc., ADR  | 87479 | 4188494 |
| KLN Logistics Group Ltd.  | 987841 | 990165 |
| Lee & Man Paper Manufacturing Ltd.  | 4566466 | 1257859 |
| Shangri-La Asia Ltd.  | 759922 | 425433 |
| Towngas Smart Energy Co. Ltd. \* | 1842812 | 843672 |
| VSTECS Holdings Ltd.  | 2253783 | 1796347 |
| Want Want China Holdings Ltd.  | 4589941 | 2955946 |
| Xinyi Glass Holdings Ltd. *(a)* | 2665752 | 2542842 |
|  |  | **30495018** |
| **Cyprus 0.1%** | **Cyprus 0.1%** | **Cyprus 0.1%** |
| Frontline PLC *(a)* | 86086 | **1573652** |
| **Denmark 1.3%** | **Denmark 1.3%** | **Denmark 1.3%** |
| Alm Brand AS  | 703432 | 1738574 |
| D/S Norden AS  | 78391 | 2381287 |
| Demant AS \* | 39420 | 1541824 |
| Dfds AS \* | 78943 | 1257898 |
| FLSmidth & Co. AS  | 37681 | 2176876 |
| Genmab AS \* | 9761 | 2049279 |
| GN Store Nord AS \* | 95425 | 1396793 |
| H Lundbeck AS  | 266764 | 1475357 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| H Lundbeck AS, Class A  | 9093 | 41793 |
| ISS AS  | 144619 | 3884679 |
| Jyske Bank AS  | 27272 | 2558793 |
| Matas AS  | 11105 | 228497 |
| Netcompany Group AS \* | 16718 | 774996 |
| NKT AS \* | 16517 | 1412708 |
| &nbsp;&nbsp;&nbsp;&nbsp; NTG Nordic Transport Group AS, <br> Class A \*<br>| 4351 | 135746 |
| Per Aarsleff Holding AS  | 24068 | 2183088 |
| Ringkjoebing Landbobank AS  | 4903 | 991681 |
| Rockwool AS, B Shares  | 24678 | 1169348 |
| Royal Unibrew AS  | 27883 | 2314831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Scandinavian Tobacco Group AS, <br> A Shares <br>| 156712 | 2027245 |
| Schouw & Co. AS  | 18476 | 1644936 |
| Spar Nord Bank AS \**(a)* | 392 | 12504 |
| Sydbank AS  | 30799 | 2057720 |
| Tryg AS  | 135588 | 3483203 |
|  |  | **38939656** |
| **Finland 1.3%** | **Finland 1.3%** | **Finland 1.3%** |
| Finnair OYJ \* | 244883 | 818998 |
| Fiskars OYJ Abp  | 25605 | 420906 |
| Hiab OYJ, B Shares  | 15610 | 840342 |
| Huhtamaki OYJ  | 92473 | 3413950 |
| Kalmar OYJ, B Shares  | 20424 | 719241 |
| Kemira OYJ  | 117350 | 2577838 |
| Kojamo OYJ \* | 70651 | 847784 |
| Konecranes OYJ  | 38979 | 3044463 |
| Mandatum OYJ *(a)* | 408669 | 2400434 |
| Metsa Board OYJ, B Shares  | 271824 | 1004763 |
| Metso OYJ  | 243375 | 2936979 |
| Nokian Renkaat OYJ *(a)* | 384338 | 2866621 |
| Olvi OYJ, Class A  | 3854 | 152478 |
| Orion OYJ, B Shares  | 63402 | 4300634 |
| Sanoma OYJ  | 146348 | 1584991 |
| Terveystalo OYJ  | 105323 | 1446772 |
| TietoEVRY OYJ  | 173742 | 3171630 |
| Tokmanni Group Corp.  | 70888 | 888451 |
| Valmet OYJ  | 140838 | 4593536 |
|  |  | **38030811** |
| **France 3.7%** | **France 3.7%** | **France 3.7%** |
| Aeroports de Paris SA  | 18656 | 2501267 |
| Air France-KLM \**(a)* | 305628 | 3359308 |
| Altarea SCA  | 3925 | 458062 |
| Alten SA  | 29633 | 2462512 |
| Amundi SA  | 47871 | 3904729 |
| Beneteau SACA  | 62817 | 600456 |
| BioMerieux  | 19893 | 2667115 |
| Carmila SA \* | 52925 | 1121151 |
| Cie de L'Odet SE  | 1094 | 1815751 |
| Clariane SE \**(a)* | 302269 | 1295738 |
| Coface SA  | 98281 | 1837616 |
| Constellium SE \* | 228886 | 2778676 |
| Covivio SA  | 37817 | 2266797 |
| Criteo SA, ADR \* | 62459 | 1590206 |
| Dassault Aviation SA  | 6235 | 2256557 |
| Derichebourg SA  | 318170 | 2178052 |
| Edenred SE  | 93961 | 2933404 |
| Emeis SA \**(a)* | 174563 | 2019380 |
| Eramet SA *(a)* | 15929 | 936720 |
| Eurazeo SE  | 8713 | 608818 |
| Eutelsat Communications SACA \**(a)* | 388645 | 1447167 |
| FDJ UNITED  | 48267 | 1772074 |
| Fnac Darty SA  | 19221 | 663348 |
| Gaztransport Et Technigaz SA  | 8336 | 1549166 |

---

**46**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Gecina SA  | 27042 | 2974776 |
| Getlink SE \* | 101862 | 1948515 |
| ICADE  | 71651 | 1965218 |
| ID Logistics Group SACA \* | 1523 | 725310 |
| Imerys SA  | 66685 | 2225702 |
| Ipsen SA \* | 20105 | 2366870 |
| IPSOS SA  | 43119 | 2199852 |
| JCDecaux SE  | 105808 | 1816193 |
| Klepierre SA  | 29742 | 1163529 |
| LISI SA  | 19362 | 717670 |
| Mercialys SA  | 82404 | 1034654 |
| Mersen SA  | 25384 | 589312 |
| Metropole Television SA  | 106674 | 1501661 |
| Nexans SA  | 27990 | 3218874 |
| Nexity SA \* | 242296 | 2756167 |
| Opmobility  | 215133 | 2630355 |
| Pierre Et Vacances SA \* | 85875 | 139605 |
| Quadient SA  | 60275 | 1126312 |
| Remy Cointreau SA  | 16620 | 890186 |
| Sartorius Stedim Biotech  | 6468 | 1424503 |
| Societe BIC SA  | 29245 | 1806102 |
| Societe LDC SADIR  | 9132 | 870837 |
| SOITEC \* | 11635 | 573519 |
| Sopra Steria Group \* | 16212 | 3493208 |
| SPIE SA  | 100533 | 5106182 |
| Stef SA  | 1446 | 209465 |
| Television Francaise 1 SA  | 245763 | 2375706 |
| Trigano SA  | 11195 | 1640748 |
| Ubisoft Entertainment SA \* | 177728 | 2033799 |
| Vallourec SACA *(a)* | 129290 | 2189172 |
| Verallia SA  | 74779 | 2373605 |
| Vicat SACA  | 42159 | 2742436 |
| Virbac SACA  | 2378 | 898975 |
| Vivendi SE \* | 108284 | 364978 |
| Worldline SA \* | 241907 | 1436289 |
|  |  | **106554355** |
| **Germany 4.0%** | **Germany 4.0%** | **Germany 4.0%** |
| 1&1 AG *(a)* | 102092 | 2114016 |
| AIXTRON SE  | 42921 | 592509 |
| Auto1 Group SE \* | 136383 | 3653961 |
| BayWa AG \**(a)* | 86262 | 876464 |
| Bechtle AG  | 84491 | 3681350 |
| Bilfinger SE  | 33101 | 2929199 |
| CANCOM SE  | 43268 | 1382728 |
| Carl Zeiss Meditec AG, Bearer Shares  | 19153 | 1237202 |
| Ceconomy AG \* | 742318 | 2237413 |
| Cewe Stiftung & Co. KGaA  | 7176 | 813841 |
| CompuGroup Medical SE & Co. KGaA \* | 34798 | 872258 |
| CTS Eventim AG & Co. KGaA  | 8622 | 1044393 |
| Delivery Hero SE \* | 43586 | 1206347 |
| Deutsche Pfandbriefbank AG \* | 296166 | 1934961 |
| Deutz AG  | 314075 | 2636715 |
| Duerr AG  | 76072 | 1977661 |
| DWS Group GmbH & Co. KGaA  | 26530 | 1488441 |
| Evotec SE \* | 71102 | 561155 |
| Fielmann Group AG  | 16455 | 1046110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fraport AG Frankfurt Airport Services <br> Worldwide \*<br>| 26068 | 1808175 |
| Gerresheimer AG  | 23864 | 1716254 |
| Grenke AG  | 36277 | 572450 |
| Hella GmbH & Co. KGaA  | 6668 | 660091 |
| HelloFresh SE \* | 392575 | 4659489 |
| Hensoldt AG  | 16583 | 1731979 |
| HOCHTIEF AG  | 13313 | 2448401 |
| Hornbach Holding AG & Co. KGaA  | 29382 | 2965342 |
| HUGO BOSS AG  | 60142 | 2785670 |
| Indus Holding AG  | 52269 | 1302478 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Jenoptik AG  | 39895 | 875471 |
| JOST Werke SE  | 21029 | 1215145 |
| Kloeckner & Co. SE  | 654175 | 4663857 |
| Knorr-Bremse AG  | 46258 | 4673782 |
| Krones AG  | 11987 | 1886103 |
| LEG Immobilien SE *(a)* | 30301 | 2571342 |
| Mutares SE & Co. KGaA  | 34953 | 1307469 |
| Nemetschek SE  | 6757 | 938149 |
| Nordex SE \* | 59701 | 1211150 |
| ProSiebenSat.1 Media SE  | 449836 | 3613036 |
| Rational AG  | 1089 | 894454 |
| SAF-Holland SE  | 62821 | 1163903 |
| Salzgitter AG  | 147597 | 3518750 |
| Schaeffler AG  | 184334 | 887285 |
| Scout24 SE  | 18870 | 2568519 |
| Siltronic AG *(a)* | 28697 | 1179334 |
| Sixt SE  | 18292 | 1736037 |
| Stabilus SE  | 35792 | 1038170 |
| Stroeer SE & Co. KGaA  | 22309 | 1291641 |
| Suedzucker AG  | 121255 | 1551369 |
| TAG Immobilien AG  | 129760 | 2191974 |
| Takkt AG  | 40159 | 319590 |
| Talanx AG  | 41686 | 5409138 |
| TeamViewer SE \* | 50243 | 585214 |
| Traton SE  | 81747 | 2888039 |
| TUI AG \* | 287247 | 2399424 |
| United Internet AG  | 179949 | 4686347 |
| Wacker Chemie AG *(a)* | 34500 | 2449842 |
| Wacker Neuson SE  | 48556 | 1234760 |
| Wuestenrot & Wuerttembergische AG  | 98585 | 1551193 |
|  |  | **115437540** |
| **Guernsey 0.0%** | **Guernsey 0.0%** | **Guernsey 0.0%** |
| Burford Capital Ltd.  | 55810 | 716124 |
| Sirius Real Estate Ltd.  | 418703 | 538386 |
|  |  | **1254510** |
| **Hong Kong 2.5%** | **Hong Kong 2.5%** | **Hong Kong 2.5%** |
| ASMPT Ltd.  | 284759 | 1921017 |
| Bank of East Asia Ltd.  | 1480303 | 2084096 |
| Brightoil Petroleum Holdings Ltd. \**(b)* | 2380161 | 0 |
| Cafe de Coral Holdings Ltd.  | 542799 | 481777 |
| Cathay Pacific Airways Ltd.  | 1122365 | 1511458 |
| CK Infrastructure Holdings Ltd.  | 125887 | 814733 |
| Cowell e Holdings, Inc. \**(a)* | 167029 | 476066 |
| Crystal International Group Ltd.  | 250603 | 159153 |
| CTF Services Ltd.  | 945810 | 876872 |
| Dah Sing Financial Holdings Ltd.  | 279354 | 1045589 |
| DFI Retail Group Holdings Ltd.  | 591544 | 1632662 |
| Fortune Real Estate Investment Trust  | 1428966 | 814568 |
| Futu Holdings Ltd., ADR  | 17257 | 1759006 |
| Galaxy Entertainment Group Ltd.  | 205242 | 874200 |
| Grand Pharmaceutical Group Ltd. *(a)* | 1292373 | 1423966 |
| Hang Lung Group Ltd.  | 1680612 | 2413259 |
| Hang Lung Properties Ltd.  | 1910891 | 1510865 |
| Henderson Land Development Co. Ltd.  | 889086 | 2783514 |
| &nbsp;&nbsp;&nbsp;&nbsp; HK Electric Investments & HK Electric <br> Investments Ltd. <br>| 1941162 | 1401123 |
| HKBN Ltd.  | 2872467 | 1813253 |
| Hongkong Land Holdings Ltd.  | 922964 | 4771724 |
| Hysan Development Co. Ltd.  | 689026 | 1133505 |
| Johnson Electric Holdings Ltd.  | 1176649 | 3151115 |
| Kerry Properties Ltd.  | 1287995 | 3094519 |
| Kingboard Laminates Holdings Ltd.  | 1740060 | 1946085 |
| Luk Fook Holdings International Ltd.  | 722211 | 1670704 |
| Man Wah Holdings Ltd.  | 1838158 | 975156 |

---

**47**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Melco Resorts & Entertainment Ltd., <br> ADR \*<br>| 302023 | 1896705 |
| MTR Corp. Ltd.  | 256726 | 897054 |
| Nine Dragons Paper Holdings Ltd. \* | 7521764 | 2983171 |
| PAX Global Technology Ltd.  | 1334280 | 813342 |
| PCCW Ltd.  | 5973289 | 3976327 |
| Sino Biopharmaceutical Ltd.  | 8790479 | 4988508 |
| Sino Land Co. Ltd.  | 2333901 | 2357250 |
| SJM Holdings Ltd. \* | 1280052 | 378716 |
| Skyworth Group Ltd. \**(a)* | 4617075 | 1801716 |
| Stella International Holdings Ltd.  | 720500 | 1286353 |
| Sun Art Retail Group Ltd.  | 2437879 | 739924 |
| Swire Properties Ltd.  | 708398 | 1553831 |
| United Energy Group Ltd.  | 10061131 | 603035 |
| &nbsp;&nbsp;&nbsp;&nbsp; United Laboratories International <br> Holdings Ltd. <br>| 840741 | 1567501 |
| Vitasoy International Holdings Ltd.  | 886258 | 1026229 |
| VTech Holdings Ltd.  | 209988 | 1397858 |
| Wharf Holdings Ltd.  | 665833 | 1770392 |
| Wharf Real Estate Investment Co. Ltd.  | 359347 | 900940 |
|  |  | **73478837** |
| **Indonesia 0.2%** | **Indonesia 0.2%** | **Indonesia 0.2%** |
| First Pacific Co. Ltd.  | 6753294 | **4641972** |
| **Ireland 0.5%** | **Ireland 0.5%** | **Ireland 0.5%** |
| AIB Group PLC  | 412774 | 3242725 |
| Alkermes PLC \* | 28452 | 870916 |
| Bank of Cyprus Holdings PLC  | 58711 | 405242 |
| Cairn Homes PLC  | 595171 | 1478422 |
| Cimpress PLC \* | 13632 | 603352 |
| Dalata Hotel Group PLC  | 92532 | 604020 |
| Dole PLC  | 160945 | 2278981 |
| Glanbia PLC  | 64159 | 932307 |
| Glenveagh Properties PLC \* | 146985 | 300023 |
| Grafton Group PLC  | 284320 | 3874841 |
| Greencore Group PLC  | 144169 | 434527 |
| Uniphar PLC  | 236039 | 967348 |
|  |  | **15992704** |
| **Israel 2.2%** | **Israel 2.2%** | **Israel 2.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Alony Hetz Properties & Investments <br> Ltd. <br>| 109976 | 930959 |
| Ashtrom Group Ltd.  | 33757 | 545710 |
| Azrieli Group Ltd.  | 9233 | 704711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bezeq The Israeli Telecommunication <br> Corp. Ltd. <br>| 1994367 | 3109584 |
| Cellcom Israel Ltd. \* | 178117 | 1272933 |
| Clal Insurance Enterprises Holdings Ltd.  | 49950 | 1559895 |
| Delek Automotive Systems Ltd. \* | 132666 | 1024640 |
| Delek Group Ltd.  | 16494 | 2904434 |
| Delta Galil Ltd.  | 13104 | 662061 |
| Elbit Systems Ltd.  | 9375 | 3753570 |
| Elco Ltd.  | 18831 | 944453 |
| Electra Ltd.  | 1380 | 777927 |
| Equital Ltd. \* | 27679 | 1035854 |
| Fattal Holdings 1998 Ltd. \* | 1070 | 161907 |
| FIBI Holdings Ltd.  | 25119 | 1650974 |
| First International Bank of Israel Ltd.  | 29834 | 1873553 |
| Formula Systems 1985 Ltd.  | 10941 | 1167425 |
| Fox Wizel Ltd.  | 7094 | 599709 |
| G City Ltd.  | 193422 | 679341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Harel Insurance Investments & Financial <br> Services Ltd. <br>| 109060 | 2212717 |
| Inmode Ltd. \* | 9435 | 138317 |
| Isracard Ltd.  | 192501 | 907489 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Israel Corp. Ltd.  | 15622 | 4874176 |
| Melisron Ltd.  | 5878 | 548523 |
| Mivne Real Estate KD Ltd.  | 242635 | 740491 |
| Mizrahi Tefahot Bank Ltd.  | 58319 | 3334266 |
| Nice Ltd. \* | 17244 | 2901808 |
| Nova Ltd. \* | 684 | 146116 |
| Oil Refineries Ltd.  | 10952280 | 2816536 |
| Partner Communications Co. Ltd.  | 162137 | 1117265 |
| Paz Retail & Energy Ltd.  | 10908 | 1719975 |
| Phoenix Financial Ltd.  | 156418 | 3769162 |
| Plus500 Ltd.  | 89131 | 4096336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rami Levy Chain Stores Hashikma <br> Marketing 2006 Ltd. <br>| 9617 | 804252 |
| Shikun & Binui Ltd. \* | 282569 | 973172 |
| Shufersal Ltd.  | 274977 | 2752778 |
| Strauss Group Ltd.  | 46992 | 1145707 |
| Taboola.com Ltd. \* | 42606 | 157642 |
| Tower Semiconductor Ltd. \* | 66444 | 2732037 |
|  |  | **63248405** |
| **Italy 2.0%** | **Italy 2.0%** | **Italy 2.0%** |
| ACEA SpA  | 61552 | 1479993 |
| Amplifon SpA  | 43471 | 998360 |
| Azimut Holding SpA  | 89637 | 2615243 |
| Banca Generali SpA  | 36813 | 2146018 |
| Banca Mediolanum SpA  | 131649 | 2186520 |
| Banca Monte dei Paschi di Siena SpA  | 276190 | 2279784 |
| Banca Popolare di Sondrio SpA  | 206498 | 2784992 |
| BFF Bank SpA \* | 123867 | 1276830 |
| Buzzi SpA  | 66655 | 3421802 |
| CIR SpA-Compagnie Industriali \* | 1251943 | 868395 |
| Danieli & C Officine Meccaniche SpA  | 12544 | 512661 |
| De' Longhi SpA  | 36655 | 1199275 |
| DiaSorin SpA  | 9947 | 1031668 |
| Enav SpA \* | 218238 | 1044039 |
| ERG SpA  | 41964 | 886097 |
| FinecoBank Banca Fineco SpA  | 163429 | 3528834 |
| Hera SpA  | 265049 | 1315522 |
| Infrastrutture Wireless Italiane SpA *(a)* | 88176 | 1034052 |
| Interpump Group SpA  | 42592 | 1660428 |
| Iren SpA  | 1253756 | 3897069 |
| Italgas SpA  | 505566 | 4149615 |
| Lottomatica Group SpA  | 10286 | 270444 |
| Maire SpA  | 58212 | 742137 |
| Nexi SpA  | 320332 | 1925927 |
| OVS SpA  | 292409 | 1254799 |
| Piaggio & C SpA *(a)* | 291113 | 601154 |
| Pirelli & C SpA  | 479908 | 3432339 |
| PRADA SpA  | 179284 | 1172889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Recordati Industria Chimica e <br> Farmaceutica SpA <br>| 35098 | 2103817 |
| Reply SpA  | 7965 | 1342777 |
| Saipem SpA  | 483089 | 1197216 |
| Salvatore Ferragamo SpA \* | 92070 | 597346 |
| Sesa SpA *(a)* | 6567 | 609834 |
| SOL SpA  | 16520 | 858949 |
| Technogym SpA  | 64596 | 874858 |
| Webuild SpA  | 382678 | 1559623 |
|  |  | **58861306** |
| **Japan 32.7%** | **Japan 32.7%** | **Japan 32.7%** |
| 77 Bank Ltd.  | 35920 | 1212311 |
| ABC-Mart, Inc.  | 81157 | 1580451 |
| Acom Co. Ltd.  | 531604 | 1525237 |
| Activia Properties, Inc.  | 1157 | 922906 |
| Adastria Co. Ltd.  | 43713 | 847631 |
| ADEKA Corp.  | 141645 | 2620474 |

---

**48**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Advance Residence Investment Corp.  | 1066 | 1094110 |
| AEON Financial Service Co. Ltd.  | 194130 | 1766469 |
| Aeon Mall Co. Ltd.  | 139837 | 2784723 |
| AEON REIT Investment Corp.  | 1151 | 997887 |
| Aica Kogyo Co. Ltd.  | 83358 | 2102797 |
| Aichi Steel Corp.  | 5947 | 307870 |
| Aiful Corp.  | 265290 | 735410 |
| Ain Holdings, Inc.  | 59203 | 2314864 |
| Aisan Industry Co. Ltd.  | 87509 | 1123162 |
| Amano Corp.  | 62420 | 1844114 |
| Anritsu Corp.  | 206441 | 2355626 |
| AOKI Holdings, Inc.  | 80953 | 846025 |
| Aoyama Trading Co. Ltd.  | 120774 | 1833853 |
| Aozora Bank Ltd. *(a)* | 117192 | 1702307 |
| Arata Corp.  | 131409 | 2763965 |
| ARCLANDS Corp.  | 94610 | 1120541 |
| Arcs Co. Ltd.  | 190186 | 3776173 |
| ARE Holdings, Inc.  | 128414 | 1603673 |
| Artience Co. Ltd.  | 79085 | 1639851 |
| As One Corp.  | 43398 | 672497 |
| Asahi Intecc Co. Ltd.  | 62123 | 965889 |
| Asics Corp.  | 172629 | 4166928 |
| ASKUL Corp.  | 62668 | 674041 |
| Autobacs Seven Co. Ltd.  | 169655 | 1702488 |
| Axial Retailing, Inc.  | 194193 | 1538256 |
| Azbil Corp.  | 411135 | 3621419 |
| Bando Chemical Industries Ltd.  | 56785 | 639886 |
| BayCurrent, Inc.  | 28201 | 1501565 |
| Belc Co. Ltd.  | 27981 | 1370981 |
| Bic Camera, Inc.  | 180081 | 1875129 |
| BIPROGY, Inc.  | 79280 | 3206473 |
| BML, Inc.  | 58237 | 1210790 |
| Bunka Shutter Co. Ltd.  | 110739 | 1648480 |
| Calbee, Inc.  | 101132 | 1995026 |
| Canon Marketing Japan, Inc.  | 80540 | 2992865 |
| Capcom Co. Ltd.  | 70335 | 2095987 |
| Casio Computer Co. Ltd.  | 382628 | 2764404 |
| Central Glass Co. Ltd.  | 68846 | 1390804 |
| Chiba Bank Ltd.  | 324050 | 2950911 |
| Chudenko Corp.  | 51609 | 1194595 |
| Chugin Financial Group, Inc.  | 95651 | 1159386 |
| Chugoku Marine Paints Ltd.  | 45025 | 694901 |
| Citizen Watch Co. Ltd.  | 393717 | 2362930 |
| CKD Corp.  | 69561 | 1120342 |
| Colowide Co. Ltd.  | 54533 | 687072 |
| Concordia Financial Group Ltd.  | 593688 | 3814053 |
| Cosmos Pharmaceutical Corp.  | 63503 | 3886888 |
| Create SD Holdings Co. Ltd. *(a)* | 54673 | 1199210 |
| Credit Saison Co. Ltd.  | 144384 | 3946433 |
| CyberAgent, Inc.  | 510914 | 5187214 |
| Daicel Corp.  | 406727 | 3478299 |
| Dai-Dan Co. Ltd.  | 42416 | 1233134 |
| Daido Steel Co. Ltd.  | 372998 | 2523188 |
| Daihen Corp.  | 23507 | 995376 |
| Daiichikosho Co. Ltd.  | 96891 | 1052207 |
| Daio Paper Corp.  | 368020 | 2121991 |
| Daiseki Co. Ltd.  | 33050 | 810818 |
| Daishi Hokuetsu Financial Group, Inc.  | 53692 | 1237229 |
| Daiwa House REIT Investment Corp.  | 1043 | 1734057 |
| Daiwa Office Investment Corp.  | 333 | 695793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Daiwa Securities Living Investments <br> Corp. <br>| 1058 | 689960 |
| DCM Holdings Co. Ltd.  | 278892 | 2539687 |
| DeNA Co. Ltd.  | 65873 | 1271626 |
| Denka Co. Ltd.  | 65377 | 931756 |
| Dexerials Corp.  | 79594 | 1164992 |
| DMG Mori Co. Ltd.  | 117538 | 2518642 |
| Doshisha Co. Ltd.  | 36237 | 576346 |
| Doutor Nichires Holdings Co. Ltd.  | 55033 | 1006876 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| DTS Corp.  | 36491 | 1253078 |
| Duskin Co. Ltd.  | 64355 | 1671147 |
| DyDo Group Holdings, Inc.  | 37202 | 691213 |
| Eagle Industry Co. Ltd.  | 57307 | 762928 |
| Earth Corp.  | 31048 | 1080155 |
| EDION Corp.  | 315547 | 4165890 |
| Eizo Corp.  | 39517 | 567169 |
| Elecom Co. Ltd.  | 69580 | 826984 |
| Exedy Corp.  | 83221 | 2488642 |
| Ezaki Glico Co. Ltd.  | 94031 | 3023042 |
| FCC Co. Ltd.  | 87543 | 1711486 |
| Ferrotec Holdings Corp.  | 82731 | 1523381 |
| Food & Life Cos. Ltd.  | 65614 | 2812906 |
| FP Corp.  | 62369 | 1271196 |
| Frontier Real Estate Investment Corp.  | 1237 | 706392 |
| Fuji Co. Ltd.  | 74581 | 1050269 |
| Fuji Corp.  | 133697 | 2148677 |
| Fuji Media Holdings, Inc.  | 46614 | 927790 |
| Fuji Oil Co. Ltd.  | 90640 | 1859975 |
| Fuji Seal International, Inc.  | 78213 | 1397909 |
| Fujimi, Inc.  | 24340 | 318472 |
| Fujitec Co. Ltd.  | 45847 | 1830131 |
| Fujitsu General Ltd.  | 88881 | 1724708 |
| Fukuda Denshi Co. Ltd.  | 23869 | 1091759 |
| Fukuoka Financial Group, Inc.  | 101896 | 2794999 |
| Fukuyama Transporting Co. Ltd.  | 68942 | 1559968 |
| Furukawa Co. Ltd.  | 67887 | 1059977 |
| Futaba Industrial Co. Ltd.  | 262672 | 1361646 |
| Fuyo General Lease Co. Ltd.  | 56698 | 1567795 |
| Geo Holdings Corp.  | 77892 | 884750 |
| Glory Ltd.  | 116512 | 2491812 |
| GLP J-Reit  | 1581 | 1392599 |
| GMO internet group, Inc.  | 49596 | 1206087 |
| Godo Steel Ltd.  | 19200 | 502304 |
| Goldwin, Inc.  | 17982 | 1031976 |
| GS Yuasa Corp.  | 191943 | 3513091 |
| G-Tekt Corp.  | 83250 | 999265 |
| GungHo Online Entertainment, Inc.  | 61774 | 1185006 |
| Gunma Bank Ltd.  | 188882 | 1562945 |
| Gunze Ltd.  | 58008 | 1358793 |
| H.U. Group Holdings, Inc.  | 159983 | 3435929 |
| H2O Retailing Corp.  | 199953 | 2739576 |
| Hachijuni Bank Ltd.  | 200542 | 1631632 |
| Hakuhodo DY Holdings, Inc.  | 130207 | 1022833 |
| Hamakyorex Co. Ltd.  | 24351 | 217023 |
| Hamamatsu Photonics KK  | 200930 | 2163240 |
| Happinet Corp.  | 40824 | 1471186 |
| Hazama Ando Corp.  | 318069 | 3194026 |
| Heiwa Corp.  | 73897 | 1072901 |
| Heiwa Real Estate Co. Ltd.  | 16760 | 518033 |
| Heiwado Co. Ltd.  | 126157 | 2404323 |
| Hikari Tsushin, Inc.  | 13458 | 3669134 |
| Hino Motors Ltd. \* | 256826 | 833512 |
| Hirogin Holdings, Inc.  | 152321 | 1319000 |
| Hirose Electric Co. Ltd.  | 21777 | 2564131 |
| Hisamitsu Pharmaceutical Co., Inc.  | 53617 | 1526818 |
| Hogy Medical Co. Ltd.  | 25098 | 667042 |
| Hokkaido Electric Power Co., Inc.  | 588611 | 2894614 |
| Hokkoku Financial Holdings, Inc.  | 18663 | 640876 |
| Hokuetsu Corp. *(a)* | 175461 | 1226932 |
| Hokuhoku Financial Group, Inc.  | 106119 | 2049278 |
| Hokuriku Electric Power Co.  | 417078 | 2022739 |
| Horiba Ltd.  | 35950 | 2576132 |
| Hoshizaki Corp.  | 77390 | 2893510 |
| Hosiden Corp.  | 129575 | 1957611 |
| House Foods Group, Inc.  | 101820 | 1934506 |
| Hulic Co. Ltd.  | 372127 | 3770399 |
| Hyakugo Bank Ltd.  | 165359 | 811353 |
| Ibiden Co. Ltd.  | 39501 | 1618146 |

---

**49**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Idec Corp.  | 29935 | 479433 |
| IDOM, Inc.  | 143586 | 1021954 |
| Iino Kaiun Kaisha Ltd.  | 114797 | 786820 |
| Inaba Denki Sangyo Co. Ltd.  | 97925 | 2635176 |
| Inabata & Co. Ltd.  | 157492 | 3465381 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial & Infrastructure Fund <br> Investment Corp. <br>| 1033 | 844756 |
| INFRONEER Holdings, Inc.  | 430216 | 3513701 |
| Internet Initiative Japan, Inc.  | 88754 | 1712403 |
| Invincible Investment Corp.  | 1675 | 711580 |
| Ito En Ltd.  | 85511 | 1875618 |
| Itochu Enex Co. Ltd.  | 183612 | 2146668 |
| Itoham Yonekyu Holdings, Inc.  | 133024 | 4627884 |
| Iyogin Holdings, Inc.  | 123748 | 1349869 |
| Izumi Co. Ltd.  | 143144 | 3255820 |
| J Front Retailing Co. Ltd.  | 289598 | 4080202 |
| Jaccs Co. Ltd.  | 52995 | 1489274 |
| JAFCO Group Co. Ltd.  | 72484 | 1221671 |
| Japan Airport Terminal Co. Ltd.  | 19624 | 608460 |
| Japan Aviation Electronics Industry Ltd.  | 89657 | 1560198 |
| Japan Excellent, Inc.  | 808 | 732433 |
| Japan Exchange Group, Inc.  | 291002 | 3224728 |
| Japan Hotel REIT Investment Corp.  | 1324 | 685421 |
| Japan Lifeline Co. Ltd.  | 17037 | 171557 |
| Japan Logistics Fund, Inc.  | 1044 | 662742 |
| Japan Metropolitan Fund Invest  | 3700 | 2528293 |
| Japan Petroleum Exploration Co. Ltd.  | 283344 | 1967571 |
| Japan Prime Realty Investment Corp.  | 475 | 1183426 |
| Japan Pulp & Paper Co. Ltd.  | 246502 | 1016450 |
| Japan Real Estate Investment Corp.  | 3070 | 2489275 |
| Japan Steel Works Ltd.  | 53705 | 2552844 |
| Japan Wool Textile Co. Ltd. *(a)* | 105918 | 1098855 |
| Jeol Ltd.  | 28806 | 808113 |
| JGC Holdings Corp.  | 429015 | 3616873 |
| Joyful Honda Co. Ltd.  | 89535 | 1274506 |
| Juroku Financial Group, Inc.  | 27841 | 951219 |
| JVCKenwood Corp.  | 231667 | 1890487 |
| Kadokawa Corp.  | 66932 | 1658283 |
| Kaga Electronics Co. Ltd.  | 115079 | 2125407 |
| Kagome Co. Ltd.  | 70690 | 1458920 |
| Kakaku.com, Inc.  | 59349 | 1015096 |
| Kaken Pharmaceutical Co. Ltd.  | 44609 | 1188378 |
| Kameda Seika Co. Ltd.  | 19070 | 500886 |
| Kamigumi Co. Ltd.  | 143403 | 3977260 |
| Kanadevia Corp.  | 324977 | 2128301 |
| Kanamoto Co. Ltd.  | 96239 | 2200968 |
| Kandenko Co. Ltd.  | 182676 | 3773283 |
| Kanematsu Corp.  | 183200 | 3474319 |
| Kansai Paint Co. Ltd.  | 59958 | 854109 |
| Katitas Co. Ltd.  | 50436 | 771421 |
| Kato Sangyo Co. Ltd.  | 117543 | 4317391 |
| KDX Realty Investment Corp.  | 996 | 1047113 |
| Keihan Holdings Co. Ltd.  | 100486 | 2188763 |
| Keikyu Corp.  | 243730 | 2503260 |
| Keio Corp.  | 104745 | 2544310 |
| Keisei Electric Railway Co. Ltd.  | 200631 | 1925735 |
| Kewpie Corp.  | 45761 | 1079845 |
| KH Neochem Co. Ltd.  | 51692 | 885923 |
| Kinden Corp.  | 168955 | 4585244 |
| Kitz Corp.  | 150793 | 1219553 |
| Kiyo Bank Ltd.  | 50812 | 914155 |
| Kobayashi Pharmaceutical Co. Ltd.  | 40910 | 1493564 |
| Kobe Bussan Co. Ltd.  | 64059 | 2019948 |
| Koei Tecmo Holdings Co. Ltd.  | 64105 | 1062678 |
| Kohnan Shoji Co. Ltd.  | 61395 | 1580668 |
| Kokusai Electric Corp.  | 55659 | 1157963 |
| Kokuyo Co. Ltd.  | 127563 | 2698100 |
| Komeri Co. Ltd.  | 75160 | 1503252 |
| Konami Group Corp.  | 36500 | 4971811 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Konishi Co. Ltd.  | 77775 | 597751 |
| Konoike Transport Co. Ltd.  | 70279 | 1386147 |
| Kose Corp.  | 39985 | 1604166 |
| Kumagai Gumi Co. Ltd.  | 86665 | 2489528 |
| Kumiai Chemical Industry Co. Ltd.  | 146271 | 819065 |
| Kurabo Industries Ltd.  | 6923 | 341604 |
| Kureha Corp.  | 97582 | 2275640 |
| Kurita Water Industries Ltd.  | 90524 | 3392101 |
| Kusuri No. Aoki Holdings Co. Ltd.  | 51678 | 1266030 |
| KYB Corp.  | 102142 | 2215631 |
| Kyoei Steel Ltd.  | 57249 | 772075 |
| Kyokuto Kaihatsu Kogyo Co. Ltd.  | 59080 | 1050620 |
| Kyorin Pharmaceutical Co. Ltd.  | 63818 | 665623 |
| Kyoritsu Maintenance Co. Ltd.  | 36891 | 890221 |
| Kyoto Financial Group, Inc.  | 80355 | 1344308 |
| Kyowa Kirin Co. Ltd.  | 173238 | 2825570 |
| Kyudenko Corp.  | 70144 | 2583216 |
| Kyushu Financial Group, Inc.  | 213908 | 1085291 |
| Kyushu Railway Co.  | 138608 | 3718435 |
| Lasertec Corp.  | 6231 | 630679 |
| Leopalace21 Corp.  | 58954 | 265976 |
| Life Corp.  | 163766 | 2301656 |
| Lintec Corp.  | 81895 | 1627741 |
| Lion Corp.  | 340924 | 3692881 |
| M3, Inc.  | 224362 | 3168076 |
| Mabuchi Motor Co. Ltd.  | 117415 | 1766168 |
| Macnica Holdings, Inc.  | 271306 | 3610958 |
| Makino Milling Machine Co. Ltd.  | 32140 | 2496895 |
| Maruha Nichiro Corp.  | 169146 | 3658510 |
| Marui Group Co. Ltd.  | 124121 | 2540569 |
| Maruichi Steel Tube Ltd.  | 95823 | 2308996 |
| Maruwa Co. Ltd.  | 2674 | 651011 |
| Maruzen Showa Unyu Co. Ltd.  | 26544 | 1168124 |
| Max Co. Ltd.  | 32374 | 1058978 |
| Maxell Ltd.  | 64532 | 806790 |
| McDonald's Holdings Co. Japan Ltd.  | 63300 | 2680363 |
| MCJ Co. Ltd.  | 125983 | 1154229 |
| Mebuki Financial Group, Inc.  | 610945 | 3013761 |
| Megachips Corp.  | 15911 | 539758 |
| Megmilk Snow Brand Co. Ltd.  | 182495 | 3565289 |
| Meidensha Corp.  | 54095 | 1638277 |
| Meiko Electronics Co. Ltd.  | 18379 | 738752 |
| MEITEC Group Holdings, Inc.  | 59167 | 1321155 |
| Menicon Co. Ltd.  | 79410 | 598760 |
| Milbon Co. Ltd.  | 7570 | 131155 |
| Mirait One Corp.  | 237429 | 4200812 |
| Mitsubishi HC Capital, Inc.  | 295408 | 2167015 |
| Mitsubishi Logisnext Co. Ltd.  | 13077 | 199198 |
| Mitsubishi Logistics Corp.  | 318701 | 2578630 |
| Mitsubishi Pencil Co. Ltd.  | 40844 | 597821 |
| Mitsubishi Shokuhin Co. Ltd.  | 92500 | 4051422 |
| Mitsuboshi Belting Ltd.  | 28803 | 714611 |
| Mitsui E&S Co. Ltd.  | 128388 | 2095386 |
| Mitsui High-Tec, Inc.  | 33701 | 169795 |
| Mitsui-Soko Holdings Co. Ltd.  | 137320 | 3625830 |
| Mitsuuroko Group Holdings Co. Ltd.  | 110339 | 1470473 |
| Miura Co. Ltd.  | 75919 | 1600510 |
| MIXI, Inc.  | 62300 | 1439901 |
| Mizuho Leasing Co. Ltd.  | 130197 | 968165 |
| Mizuno Corp.  | 67439 | 1289004 |
| Mochida Pharmaceutical Co. Ltd.  | 38018 | 788578 |
| Modec, Inc.  | 32321 | 1133402 |
| MonotaRO Co. Ltd.  | 64081 | 1324298 |
| Morinaga & Co. Ltd.  | 101339 | 1676752 |
| Morinaga Milk Industry Co. Ltd.  | 174878 | 4015183 |
| Morita Holdings Corp.  | 12299 | 181039 |
| MOS Food Services, Inc.  | 18952 | 481369 |
| Musashi Seimitsu Industry Co. Ltd.  | 93843 | 1861967 |
| Nabtesco Corp.  | 175940 | 2912316 |

---

**50**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Nachi-Fujikoshi Corp.  | 44586 | 945516 |
| Nagoya Railroad Co. Ltd.  | 81035 | 914553 |
| Nakanishi, Inc.  | 40808 | 548085 |
| Nankai Electric Railway Co. Ltd.  | 121604 | 1839293 |
| Nexon Co. Ltd.  | 188849 | 3418508 |
| Nextage Co. Ltd.  | 69552 | 800141 |
| NHK Spring Co. Ltd.  | 73861 | 820792 |
| Nichias Corp.  | 70145 | 2432069 |
| Nichicon Corp.  | 118609 | 977346 |
| Nichiha Corp.  | 48004 | 1019663 |
| Nichireki Group Co. Ltd.  | 35523 | 619151 |
| Nifco, Inc.  | 128085 | 3077520 |
| Nihon Kohden Corp.  | 172547 | 2054971 |
| Nihon M&A Center Holdings, Inc.  | 193090 | 951567 |
| Nihon Parkerizing Co. Ltd.  | 143107 | 1232766 |
| Nikkiso Co. Ltd.  | 111854 | 935637 |
| Nikkon Holdings Co. Ltd.  | 159837 | 3557964 |
| Nippn Corp.  | 132928 | 2009189 |
| Nippon Accommodations Fund, Inc.  | 904 | 719842 |
| Nippon Building Fund, Inc.  | 3237 | 2952210 |
| Nippon Densetsu Kogyo Co. Ltd.  | 84644 | 1413715 |
| Nippon Electric Glass Co. Ltd.  | 141592 | 3397148 |
| Nippon Gas Co. Ltd.  | 106921 | 1912492 |
| Nippon Kayaku Co. Ltd.  | 287419 | 2599409 |
| Nippon Light Metal Holdings Co. Ltd.  | 302748 | 3403148 |
| Nippon Paint Holdings Co. Ltd.  | 555556 | 4194728 |
| Nippon Prologis REIT, Inc. *(a)* | 2445 | 1304723 |
| Nippon Road Co. Ltd.  | 45221 | 787869 |
| Nippon Sanso Holdings Corp.  | 89241 | 3201160 |
| Nippon Seiki Co. Ltd.  | 153498 | 1497801 |
| Nippon Shinyaku Co. Ltd.  | 82199 | 2028557 |
| Nippon Shokubai Co. Ltd.  | 265727 | 3058821 |
| Nippon Soda Co. Ltd.  | 81801 | 1678027 |
| Nippon Television Holdings, Inc.  | 204051 | 4634084 |
| Nipro Corp.  | 304742 | 2678993 |
| Nishimatsu Construction Co. Ltd.  | 50370 | 1689530 |
| Nishimatsuya Chain Co. Ltd.  | 64005 | 929724 |
| Nishi-Nippon Financial Holdings, Inc.  | 88256 | 1316240 |
| Nishi-Nippon Railroad Co. Ltd.  | 132040 | 2002630 |
| Nissan Chemical Corp.  | 110450 | 3328158 |
| Nissha Co. Ltd.  | 73152 | 659557 |
| Nisshin Oillio Group Ltd.  | 64198 | 2151130 |
| Nisshinbo Holdings, Inc.  | 488783 | 3139430 |
| Nitta Corp.  | 19525 | 513513 |
| Nittetsu Mining Co. Ltd.  | 23403 | 1136942 |
| Nitto Boseki Co. Ltd.  | 18843 | 679051 |
| Nitto Kogyo Corp.  | 48273 | 1011995 |
| NOF Corp.  | 182505 | 3237900 |
| Nojima Corp.  | 158702 | 3027871 |
| NOK Corp.  | 221742 | 3258629 |
| Nomura Co. Ltd.  | 144474 | 874083 |
| Nomura Real Estate Holdings, Inc.  | 637548 | 3745448 |
| Nomura Real Estate Master Fund, Inc.  | 2390 | 2396708 |
| Noritake Co. Ltd.  | 47347 | 1223911 |
| Noritz Corp.  | 64602 | 851540 |
| North Pacific Bank Ltd.  | 286276 | 1132843 |
| NPR-RIKEN Corp.  | 43020 | 720901 |
| NS Solutions Corp.  | 49606 | 1330436 |
| NS United Kaiun Kaisha Ltd.  | 22944 | 608204 |
| NSD Co. Ltd.  | 38538 | 951331 |
| NTN Corp.  | 1707487 | 2558361 |
| NTT UD REIT Investment Corp.  | 806 | 733413 |
| Obic Co. Ltd.  | 58501 | 2135381 |
| Odakyu Electric Railway Co. Ltd.  | 314841 | 3501991 |
| Okamoto Industries, Inc.  | 15838 | 564173 |
| Okamura Corp.  | 125566 | 1913577 |
| Oki Electric Industry Co. Ltd.  | 221710 | 2123450 |
| Okinawa Cellular Telephone Co.  | 18788 | 620429 |
| OKUMA Corp.  | 81920 | 2080715 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Okumura Corp.  | 53714 | 1589513 |
| Onward Holdings Co. Ltd.  | 177227 | 690264 |
| Open House Group Co. Ltd.  | 94097 | 4072461 |
| Open Up Group, Inc.  | 14760 | 186680 |
| Oracle Corp. Japan  | 15232 | 1783462 |
| Organo Corp.  | 3144 | 169298 |
| Orient Corp.  | 110481 | 641624 |
| Oriental Land Co. Ltd.  | 141291 | 3146110 |
| Orix JREIT, Inc.  | 1480 | 1835961 |
| Osaka Soda Co. Ltd.  | 84034 | 941120 |
| OSG Corp. *(a)* | 127961 | 1466769 |
| Pacific Industrial Co. Ltd.  | 124518 | 1132178 |
| PALTAC Corp.  | 112125 | 3254302 |
| Paramount Bed Holdings Co. Ltd.  | 50076 | 863433 |
| Park24 Co. Ltd.  | 109658 | 1527134 |
| Pasona Group, Inc.  | 35640 | 563640 |
| Penta-Ocean Construction Co. Ltd.  | 651094 | 3945956 |
| Pigeon Corp.  | 171987 | 2221725 |
| Pilot Corp.  | 42777 | 1183449 |
| Piolax, Inc. *(a)* | 30902 | 424890 |
| Pola Orbis Holdings, Inc.  | 130507 | 1240447 |
| Prima Meat Packers Ltd.  | 100385 | 1582701 |
| Raito Kogyo Co. Ltd.  | 81909 | 1637669 |
| Raiznext Corp.  | 70082 | 826637 |
| Rakuten Group, Inc. \* | 321880 | 1781443 |
| Relo Group, Inc.  | 74651 | 890618 |
| Resorttrust, Inc.  | 109543 | 1240847 |
| Restar Corp.  | 39440 | 678402 |
| Retail Partners Co. Ltd.  | 82933 | 767861 |
| Ricoh Leasing Co. Ltd.  | 4682 | 168727 |
| Rinnai Corp.  | 128785 | 3217505 |
| Rohto Pharmaceutical Co. Ltd.  | 109738 | 1548782 |
| Round One Corp.  | 102392 | 788368 |
| Ryobi Ltd.  | 82574 | 1248095 |
| S Foods, Inc.  | 59062 | 1069947 |
| Saizeriya Co. Ltd.  | 21972 | 761357 |
| Sakai Moving Service Co. Ltd.  | 29042 | 507196 |
| Sakata INX Corp.  | 104739 | 1399472 |
| Sakata Seed Corp.  | 31091 | 744443 |
| San-A Co. Ltd.  | 78486 | 1615464 |
| San-Ai Obbli Co. Ltd.  | 224141 | 2704387 |
| Sangetsu Corp.  | 68839 | 1368240 |
| San-In Godo Bank Ltd.  | 94884 | 827223 |
| Sanken Electric Co. Ltd. \* | 31319 | 1636111 |
| Sanki Engineering Co. Ltd.  | 83728 | 2204972 |
| Sankyo Co. Ltd.  | 116510 | 2032334 |
| Santen Pharmaceutical Co. Ltd.  | 329845 | 3664309 |
| Sanyo Chemical Industries Ltd.  | 27501 | 703272 |
| Sanyo Denki Co. Ltd.  | 13812 | 973478 |
| Sapporo Holdings Ltd.  | 51820 | 2642086 |
| Sawai Group Holdings Co. Ltd.  | 145743 | 1804428 |
| SBI Holdings, Inc.  | 19969 | 607394 |
| SBS Holdings, Inc.  | 26420 | 496376 |
| SCREEN Holdings Co. Ltd.  | 49125 | 3523641 |
| SCSK Corp.  | 120284 | 3660328 |
| Sega Sammy Holdings, Inc.  | 152843 | 2892254 |
| Seibu Holdings, Inc.  | 128947 | 3409216 |
| Seiko Group Corp.  | 37419 | 1060631 |
| Seino Holdings Co. Ltd.  | 67693 | 1016838 |
| Seiren Co. Ltd.  | 59892 | 1025629 |
| Sekisui House Reit, Inc.  | 1812 | 968192 |
| Sekisui Jushi Corp.  | 40348 | 538831 |
| Senko Group Holdings Co. Ltd.  | 304393 | 3773929 |
| Seria Co. Ltd.  | 81900 | 1500701 |
| Seven Bank Ltd.  | 610658 | 1171844 |
| Sharp Corp. \* | 102732 | 526920 |
| Shibaura Machine Co. Ltd.  | 22701 | 527820 |
| Shibuya Corp.  | 12699 | 292624 |
| Shiga Bank Ltd.  | 24879 | 1062093 |

---

**51**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Shikoku Electric Power Co., Inc.  | 397787 | 3229547 |
| Shinmaywa Industries Ltd.  | 132469 | 1296277 |
| Ship Healthcare Holdings, Inc.  | 152893 | 1975069 |
| Shizuoka Financial Group, Inc.  | 264423 | 3097869 |
| SHO-BOND Holdings Co. Ltd.  | 28506 | 967618 |
| Shoei Foods Corp.  | 16097 | 451245 |
| Showa Sangyo Co. Ltd.  | 45358 | 910335 |
| Siix Corp.  | 81388 | 654285 |
| SKY Perfect JSAT Holdings, Inc.  | 183752 | 1604543 |
| Skylark Holdings Co. Ltd.  | 181654 | 4007101 |
| Socionext, Inc.  | 91156 | 1353805 |
| Sohgo Security Services Co. Ltd.  | 565202 | 3928740 |
| Sotetsu Holdings, Inc.  | 96063 | 1433339 |
| Square Enix Holdings Co. Ltd.  | 84105 | 5289531 |
| Starts Corp., Inc.  | 53374 | 1568355 |
| Sugi Holdings Co. Ltd.  | 164937 | 3621196 |
| Sumitomo Bakelite Co. Ltd.  | 74147 | 2026652 |
| Sumitomo Densetsu Co. Ltd.  | 24035 | 1074367 |
| Sumitomo Osaka Cement Co. Ltd.  | 92488 | 2466432 |
| Sumitomo Pharma Co. Ltd. \* | 565734 | 2979714 |
| Sumitomo Riko Co. Ltd.  | 23840 | 285330 |
| Sumitomo Warehouse Co. Ltd.  | 84048 | 1747420 |
| Sundrug Co. Ltd.  | 137815 | 4289318 |
| Suruga Bank Ltd.  | 22276 | 205940 |
| SWCC Corp.  | 33521 | 1626162 |
| T Hasegawa Co. Ltd.  | 30599 | 618575 |
| Tachibana Eletech Co. Ltd.  | 40031 | 709375 |
| Tadano Ltd.  | 207421 | 1416779 |
| Taihei Dengyo Kaisha Ltd.  | 28090 | 990874 |
| Taikisha Ltd.  | 82114 | 1389101 |
| Taiyo Holdings Co. Ltd.  | 30329 | 1250615 |
| Takamatsu Construction Group Co. Ltd.  | 39245 | 764529 |
| Takara Holdings, Inc.  | 323481 | 2863904 |
| Takara Standard Co. Ltd.  | 129194 | 2069145 |
| Takasago International Corp.  | 7570 | 346249 |
| Takasago Thermal Engineering Co. Ltd.  | 46913 | 2162039 |
| Takashimaya Co. Ltd.  | 439558 | 3513844 |
| Takeuchi Manufacturing Co. Ltd.  | 35972 | 1164207 |
| Takuma Co. Ltd.  | 98439 | 1387608 |
| Tamron Co. Ltd.  | 18642 | 448302 |
| TBS Holdings, Inc.  | 78535 | 2519956 |
| TechnoPro Holdings, Inc.  | 87824 | 2400484 |
| THK Co. Ltd.  | 162479 | 4455660 |
| TKC Corp.  | 32419 | 954855 |
| Toa Corp.  | 120279 | 1249511 |
| Toagosei Co. Ltd.  | 185775 | 1805672 |
| TOBISHIMA HOLDINGS, Inc. \* | 4829 | 62816 |
| Tocalo Co. Ltd.  | 52972 | 659328 |
| Toda Corp.  | 362631 | 2249747 |
| Toei Co. Ltd.  | 21183 | 710529 |
| Toho Co. Ltd.  | 58895 | 3108115 |
| Toho Holdings Co. Ltd.  | 121153 | 3832027 |
| Tokai Carbon Co. Ltd.  | 527633 | 3791922 |
| Tokai Corp.  | 51450 | 784791 |
| TOKAI Holdings Corp.  | 261744 | 1788555 |
| Tokai Rika Co. Ltd.  | 204244 | 3114015 |
| Token Corp.  | 19460 | 1809856 |
| Tokuyama Corp.  | 164553 | 3217048 |
| Tokyo Century Corp.  | 172486 | 1832503 |
| Tokyo Kiraboshi Financial Group, Inc.  | 5054 | 197544 |
| Tokyo Metro Co. Ltd.  | 36050 | 454326 |
| Tokyo Ohka Kogyo Co. Ltd.  | 67410 | 1749077 |
| Tokyo Seimitsu Co. Ltd.  | 29416 | 1640055 |
| Tokyo Steel Manufacturing Co. Ltd.  | 136138 | 1453887 |
| Tokyo Tatemono Co. Ltd.  | 194632 | 3465190 |
| Tokyu Construction Co. Ltd.  | 179795 | 1136374 |
| Tomy Co. Ltd.  | 62334 | 1324049 |
| Topcon Corp.  | 129398 | 2921644 |
| Topre Corp.  | 158665 | 1972660 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Toshiba TEC Corp.  | 51852 | 1062590 |
| Totetsu Kogyo Co. Ltd.  | 48698 | 1176150 |
| Towa Pharmaceutical Co. Ltd.  | 37300 | 789712 |
| Toyo Construction Co. Ltd.  | 113733 | 1134217 |
| Toyo Tire Corp.  | 221615 | 4602933 |
| Toyobo Co. Ltd.  | 285233 | 1779062 |
| Toyoda Gosei Co. Ltd.  | 204584 | 3978396 |
| Toyota Boshoku Corp.  | 208050 | 2970186 |
| Transcosmos, Inc.  | 56235 | 1309467 |
| Trend Micro, Inc.  | 60331 | 4526027 |
| Trusco Nakayama Corp.  | 97304 | 1382399 |
| TS Tech Co. Ltd.  | 245433 | 2745271 |
| TSI Holdings Co. Ltd.  | 28689 | 217909 |
| Tsubakimoto Chain Co.  | 176642 | 2231667 |
| Tsumura & Co.  | 61831 | 1462484 |
| TV Asahi Holdings Corp.  | 91939 | 1662988 |
| Tv Tokyo Holdings Corp.  | 32988 | 818442 |
| UACJ Corp.  | 89628 | 3034289 |
| Uchida Yoko Co. Ltd.  | 15819 | 987762 |
| Ulvac, Inc.  | 50243 | 1753169 |
| United Super Markets Holdings, Inc.  | 362682 | 2277209 |
| United Urban Investment Corp. *(a)* | 1612 | 1689140 |
| Ushio, Inc.  | 106032 | 1312035 |
| USS Co. Ltd.  | 221631 | 2403774 |
| UT Group Co. Ltd.  | 11140 | 194165 |
| Valor Holdings Co. Ltd.  | 208275 | 3524776 |
| Valqua Ltd.  | 18196 | 387766 |
| Wacoal Holdings Corp.  | 55096 | 1890435 |
| Wacom Co. Ltd.  | 204412 | 913724 |
| Wakita & Co. Ltd.  | 54175 | 656655 |
| Welcia Holdings Co. Ltd.  | 205034 | 3633334 |
| YAMABIKO Corp.  | 18077 | 265464 |
| Yamae Group Holdings Co. Ltd.  | 87205 | 1420832 |
| Yamaguchi Financial Group, Inc.  | 94139 | 1000792 |
| Yamato Kogyo Co. Ltd.  | 29479 | 1747350 |
| Yamazen Corp.  | 191154 | 1739389 |
| Yaoko Co. Ltd.  | 32214 | 2091862 |
| Yellow Hat Ltd.  | 140533 | 1474528 |
| Yodogawa Steel Works Ltd.  | 32640 | 1259952 |
| Yokogawa Bridge Holdings Corp.  | 64301 | 1137227 |
| Yoshinoya Holdings Co. Ltd.  | 62460 | 1389491 |
| Yuasa Trading Co. Ltd.  | 51598 | 1616293 |
| Yurtec Corp.  | 93337 | 1269764 |
| Zacros Corp.  | 25159 | 658202 |
| Zenkoku Hosho Co. Ltd.  | 68160 | 1509681 |
| Zensho Holdings Co. Ltd.  | 41601 | 2277323 |
| Zeon Corp.  | 293002 | 2953473 |
| Zojirushi Corp. *(a)* | 46586 | 438111 |
| ZOZO, Inc.  | 138087 | 1496712 |
|  |  | **943377386** |
| **Jersey 0.2%** | **Jersey 0.2%** | **Jersey 0.2%** |
| boohoo Group PLC \**(a)* | 1268356 | 412216 |
| CVC Capital Partners PLC  | 7816 | 145253 |
| International Workplace Group PLC  | 1016289 | 2639616 |
| Man Group PLC  | 303786 | 717743 |
| TP ICAP Group PLC  | 885813 | 3135729 |
|  |  | **7050557** |
| **Luxembourg 0.6%** | **Luxembourg 0.6%** | **Luxembourg 0.6%** |
| Allegro.eu SA \* | 133488 | 1227916 |
| Aroundtown SA \* | 941385 | 2990244 |
| Befesa SA  | 47611 | 1472333 |
| Espirito Santo Financial Group SA \**(b)* | 8470 | 0 |
| Grand City Properties SA \* | 49360 | 626482 |
| InPost SA \* | 10389 | 170779 |
| RTL Group SA *(a)* | 89630 | 3434147 |

---

**52**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Samsonite Group SA  | 582129 | 1097215 |
| Spotify Technology SA \* | 6102 | 4058684 |
| Subsea 7 SA  | 149064 | 2535670 |
|  |  | **17613470** |
| **Mongolia 0.1%** | **Mongolia 0.1%** | **Mongolia 0.1%** |
| Sands China Ltd. \* | 788863 | 1551258 |
| Wynn Macau Ltd.  | 584111 | 393303 |
|  |  | **1944561** |
| **Netherlands 2.0%** | **Netherlands 2.0%** | **Netherlands 2.0%** |
| Adyen NV \* | 2368 | 4542106 |
| Arcadis NV  | 36899 | 1905139 |
| ASM International NV  | 4405 | 2398373 |
| Basic-Fit NV \**(a)* | 32462 | 851293 |
| BE Semiconductor Industries NV  | 15964 | 1931020 |
| Brembo NV  | 164119 | 1501708 |
| Cementir Holding NV  | 57742 | 913790 |
| Corbion NV  | 56999 | 1231396 |
| CTP NV  | 13787 | 262322 |
| Davide Campari-Milano NV  | 236794 | 1544105 |
| Eurocommercial Properties NV  | 30467 | 947702 |
| Euronext NV  | 21369 | 3478764 |
| Ferrovial SE  | 14981 | 762602 |
| Flow Traders Ltd.  | 9396 | 312538 |
| Fugro NV  | 82088 | 1040937 |
| IMCD NV  | 17357 | 2354693 |
| JDE Peet's NV  | 128618 | 3536450 |
| Just Eat Takeaway.com NV \* | 176439 | 3898887 |
| Koninklijke BAM Groep NV  | 141821 | 1185782 |
| Koninklijke Heijmans NV  | 7890 | 501599 |
| Koninklijke Vopak NV  | 44522 | 2039940 |
| MFE-MediaForEurope NV, Class A  | 377191 | 1386532 |
| MFE-MediaForEurope NV, Class B  | 140390 | 675443 |
| OCI NV \* | 177247 | 1540337 |
| Pepco Group NV  | 177800 | 811473 |
| Qiagen NV \* | 73955 | 3337308 |
| RHI Magnesita NV  | 23166 | 870048 |
| SBM Offshore NV  | 154839 | 3554292 |
| Technip Energies NV  | 106031 | 4013193 |
| TKH Group NV  | 52729 | 2275901 |
| Van Lanschot Kempen NV  | 19449 | 1205540 |
|  |  | **56811213** |
| **New Zealand 0.8%** | **New Zealand 0.8%** | **New Zealand 0.8%** |
| a2 Milk Co. Ltd.  | 394460 | 2091349 |
| Air New Zealand Ltd.  | 3392999 | 1215474 |
| Auckland International Airport Ltd.  | 264664 | 1193033 |
| Chorus Ltd.  | 317201 | 1543486 |
| Contact Energy Ltd.  | 593684 | 3246844 |
| EBOS Group Ltd.  | 153304 | 3391191 |
| Fisher & Paykel Healthcare Corp. Ltd.  | 139190 | 3033273 |
| Freightways Group Ltd.  | 22779 | 147562 |
| Genesis Energy Ltd.  | 900471 | 1220411 |
| Mercury NZ Ltd.  | 370847 | 1308558 |
| Meridian Energy Ltd.  | 705143 | 2311320 |
| Ryman Healthcare Ltd. \* | 229876 | 288220 |
| SKYCITY Entertainment Group Ltd. \* | 1326730 | 752518 |
| Xero Ltd. \* | 6982 | 828064 |
|  |  | **22571303** |
| **Norway 1.8%** | **Norway 1.8%** | **Norway 1.8%** |
| AF Gruppen ASA \* | 47638 | 702180 |
| Aker Solutions ASA  | 269239 | 878565 |
| Atea ASA \* | 104881 | 1494612 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Austevoll Seafood ASA  | 155340 | 1409397 |
| Bluenord ASA \* | 3022 | 174213 |
| Bonheur ASA  | 6502 | 149231 |
| Borregaard ASA  | 59517 | 1091643 |
| DNO ASA  | 2248095 | 2677783 |
| DOF Group ASA  | 23266 | 202553 |
| Elkem ASA \* | 1279043 | 2461155 |
| Europris ASA  | 168844 | 1315434 |
| Gjensidige Forsikring ASA  | 113920 | 2881129 |
| Golden Ocean Group Ltd. *(c)* | 88353 | 680127 |
| Golden Ocean Group Ltd. *(a)(c)* | 43748 | 336860 |
| Hoegh Autoliners ASA *(a)* | 99001 | 823139 |
| Kongsberg Gruppen ASA  | 15071 | 2652174 |
| Leroy Seafood Group ASA  | 367483 | 1602702 |
| MPC Container Ships ASA  | 591775 | 930191 |
| Norconsult Norge AS  | 200459 | 886817 |
| Nordic Semiconductor ASA \* | 56717 | 694450 |
| Norwegian Air Shuttle ASA  | 203789 | 284826 |
| Odfjell Drilling Ltd.  | 38878 | 242009 |
| Opera Ltd., ADR  | 42556 | 780903 |
| Salmar ASA  | 26948 | 1200074 |
| Scatec ASA \* | 21262 | 182088 |
| SFL Corp. Ltd.  | 115446 | 990527 |
| SpareBank 1 Nord Norge  | 108644 | 1566526 |
| SpareBank 1 SMN  | 82499 | 1554676 |
| SpareBank 1 Sor-Norge ASA  | 115362 | 2007543 |
| Sparebanken Norge  | 87874 | 1338259 |
| Stolt-Nielsen Ltd.  | 34744 | 868842 |
| Storebrand ASA  | 169181 | 2213876 |
| TGS ASA  | 219526 | 1804827 |
| TOMRA Systems ASA  | 86770 | 1294270 |
| Var Energi ASA  | 604966 | 1754417 |
| Veidekke ASA  | 138979 | 2094788 |
| Vend Marketplaces ASA, A Shares  | 40747 | 1360739 |
| Vend Marketplaces ASA, B Shares  | 69171 | 2193508 |
| Wallenius Wilhelmsen ASA  | 345369 | 2697469 |
| Wilh Wilhelmsen Holding ASA, Class A  | 11451 | 458392 |
| Wilh Wilhelmsen Holding ASA, Class B  | 5763 | 219698 |
|  |  | **51152612** |
| **Poland 1.3%** | **Poland 1.3%** | **Poland 1.3%** |
| Alior Bank SA \* | 55297 | 1535064 |
| Asseco Poland SA  | 95967 | 4705383 |
| Bank Millennium SA \* | 104776 | 406843 |
| Budimex SA \* | 5053 | 841773 |
| CD Projekt SA  | 14636 | 866931 |
| Cognor Holding SA \* | 281069 | 585850 |
| Cyfrowy Polsat SA \* | 833483 | 3717180 |
| Dino Polska SA \* | 13413 | 1968670 |
| Enea SA \* | 878398 | 4032437 |
| Eurocash SA  | 302167 | 732308 |
| Grupa Azoty SA \* | 312638 | 1977078 |
| Grupa Kety SA  | 8123 | 1879686 |
| Jastrzebska Spolka Weglowa SA \* | 321268 | 1944141 |
| KRUK SA \* | 7918 | 829111 |
| LPP SA  | 343 | 1320869 |
| mBank SA \* | 4849 | 1061858 |
| Orange Polska SA  | 1185204 | 3051832 |
| Santander Bank Polska SA  | 14934 | 1996491 |
| Tauron Polska Energia SA \* | 2530926 | 4646108 |
|  |  | **38099613** |
| **Portugal 0.4%** | **Portugal 0.4%** | **Portugal 0.4%** |
| Banco Comercial Portugues SA, Class R  | 3867483 | 3011925 |
| Navigator Co. SA  | 279681 | 1093497 |
| NOS SGPS SA  | 375810 | 1642558 |

---

**53**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; REN - Redes Energeticas Nacionais <br> SGPS SA <br>| 535221 | 1786373 |
| Sonae SGPS SA  | 2476020 | 3429301 |
|  |  | **10963654** |
| **Republic of Korea 7.3%** | **Republic of Korea 7.3%** | **Republic of Korea 7.3%** |
| Amorepacific Corp.  | 31971 | 3098154 |
| Amorepacific Holdings Corp.  | 92526 | 1757035 |
| Asiana Airlines, Inc. \* | 250179 | 1829605 |
| BGF retail Co. Ltd.  | 17350 | 1288958 |
| BH Co. Ltd.  | 43497 | 383992 |
| Binggrae Co. Ltd.  | 2496 | 163723 |
| Celltrion, Inc.  | 19372 | 2260558 |
| Cheil Worldwide, Inc.  | 107305 | 1427933 |
| CJ ENM Co. Ltd. \* | 41731 | 1860155 |
| CJ Logistics Corp.  | 25818 | 1504506 |
| Coway Co. Ltd.  | 75920 | 4891852 |
| Daeduck Electronics Co. Ltd.  | 54507 | 591806 |
| Daesang Corp.  | 66465 | 1045365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Daewoo Engineering & Construction Co. <br> Ltd. \*<br>| 837238 | 2557772 |
| Daishin Securities Co. Ltd.  | 32987 | 548707 |
| Daou Data Corp.  | 90254 | 1113375 |
| Daou Technology, Inc.  | 85339 | 1660761 |
| DB HiTek Co. Ltd.  | 43282 | 1223453 |
| DL E&C Co. Ltd.  | 36676 | 1283939 |
| DL Holdings Co. Ltd.  | 29371 | 941992 |
| Dongjin Semichem Co. Ltd.  | 31329 | 642611 |
| Dongwon Industries Co. Ltd.  | 7055 | 237775 |
| Doosan Bobcat, Inc.  | 83869 | 2857029 |
| Doosan Co. Ltd.  | 16460 | 5821903 |
| DoubleDown Interactive Co. Ltd., ADR \* | 16886 | 168185 |
| E1 Corp.  | 16386 | 885987 |
| Ecopro BM Co. Ltd. \* | 2210 | 143681 |
| Ecopro Co. Ltd.  | 16225 | 503320 |
| F&F Co. Ltd.  | 21307 | 1165963 |
| Gravity Co. Ltd., ADR \* | 2521 | 162504 |
| GS Engineering & Construction Corp.  | 75288 | 1235974 |
| GS P&L Co. Ltd. \* | 19397 | 425983 |
| GS Retail Co. Ltd.  | 118209 | 1314290 |
| Handsome Co. Ltd.  | 48835 | 570219 |
| Hanjin Transportation Co. Ltd.  | 38525 | 569624 |
| Hanon Systems \* | 385886 | 844659 |
| Hansol Chemical Co. Ltd.  | 7891 | 760675 |
| Hanwha Aerospace Co. Ltd.  | 7004 | 4117014 |
| Hanwha General Insurance Co. Ltd. \* | 171510 | 569338 |
| Hanwha Life Insurance Co. Ltd. \* | 1097403 | 2350385 |
| Hanwha Vision Co. Ltd. \* | 8675 | 327584 |
| Harim Holdings Co. Ltd.  | 634939 | 3948523 |
| &nbsp;&nbsp;&nbsp;&nbsp; HD Hyundai Construction Equipment <br> Co. Ltd. <br>| 25205 | 1287927 |
| HD Hyundai Infracore Co. Ltd. \* | 206511 | 1414459 |
| HD Hyundai Mipo  | 11954 | 1676523 |
| &nbsp;&nbsp;&nbsp;&nbsp; HD Korea Shipbuilding & Offshore <br> Engineering Co. Ltd. <br>| 25129 | 5764535 |
| HDC Holdings Co. Ltd.  | 130585 | 1855089 |
| &nbsp;&nbsp;&nbsp;&nbsp; HDC Hyundai Development <br> Co-Engineering & Construction, <br> Class E <br>| 93938 | 1593208 |
| Hite Jinro Co. Ltd.  | 50606 | 740916 |
| HL Mando Co. Ltd.  | 78691 | 1922075 |
| Hotel Shilla Co. Ltd. \* | 44137 | 1586718 |
| HS Hyosung Advanced Materials Corp.  | 4831 | 697146 |
| HS Hyosung Corp. \* | 1958 | 83020 |
| HYBE Co. Ltd. \* | 970 | 187012 |
| Hyosung Corp.  | 12552 | 567692 |
| Hyosung TNC Corp.  | 9690 | 1706654 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Hyundai Department Store Co. Ltd.  | 49069 | 2560678 |
| Hyundai Elevator Co. Ltd.  | 22134 | 1217635 |
| Hyundai Green Food  | 116598 | 1449341 |
| Hyundai Home Shopping Network Corp.  | 19156 | 758076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hyundai Marine & Fire Insurance Co. <br> Ltd. \*<br>| 155604 | 2746218 |
| Hyundai Rotem Co. Ltd.  | 3197 | 339234 |
| Hyundai Wia Corp.  | 70282 | 2175141 |
| iM Financial Group Co. Ltd.  | 429848 | 3480033 |
| Industrial Bank of Korea  | 74844 | 853841 |
| IS Dongseo Co. Ltd.  | 27467 | 419062 |
| JB Financial Group Co. Ltd.  | 187611 | 2565934 |
| Kakao Corp.  | 97559 | 3019330 |
| Kangwon Land, Inc.  | 79922 | 987078 |
| KCC Corp.  | 8167 | 1820216 |
| KCC Glass Corp.  | 27309 | 607658 |
| &nbsp;&nbsp;&nbsp;&nbsp; KEPCO Plant Service & Engineering Co. <br> Ltd. <br>| 25495 | 798278 |
| KG Chemical Corp.  | 245671 | 786140 |
| KG Dongbusteel  | 123906 | 568475 |
| KIWOOM Securities Co. Ltd.  | 12934 | 1524294 |
| Kolon Industries, Inc.  | 87949 | 2132271 |
| Korea Aerospace Industries Ltd.  | 23120 | 1400907 |
| Korea Investment Holdings Co. Ltd.  | 49915 | 3907241 |
| Korea Petrochemical Ind Co. Ltd.  | 16965 | 1015662 |
| Korean Reinsurance Co.  | 254543 | 1704702 |
| Krafton, Inc. \* | 8356 | 2234808 |
| Kumho Tire Co., Inc. \* | 173638 | 559412 |
| Kwang Dong Pharmaceutical Co. Ltd.  | 106724 | 428536 |
| LF Corp.  | 78623 | 949380 |
| LG Energy Solution Ltd. \* | 6008 | 1245407 |
| Lotte Chilsung Beverage Co. Ltd.  | 2479 | 191895 |
| Lotte Corp.  | 88204 | 1905109 |
| LOTTE Fine Chemical Co. Ltd.  | 39264 | 1078572 |
| Lotte Rental Co. Ltd.  | 51717 | 1223860 |
| Lotte Shopping Co. Ltd.  | 72442 | 4231953 |
| LS Corp.  | 35266 | 4071808 |
| LS Electric Co. Ltd.  | 7175 | 1313102 |
| LX Hausys Ltd.  | 28680 | 658952 |
| LX International Corp.  | 172968 | 3547869 |
| LX Semicon Co. Ltd.  | 22188 | 968122 |
| Macquarie Korea Infrastructure Fund  | 136954 | 1164362 |
| Mcnex Co. Ltd.  | 33745 | 667709 |
| Meritz Financial Group, Inc.  | 34634 | 2803956 |
| Mirae Asset Securities Co. Ltd.  | 234711 | 2645326 |
| Misto Holdings Corp.  | 54550 | 1425330 |
| NCSoft Corp.  | 17401 | 1923355 |
| Netmarble Corp.  | 5627 | 208407 |
| NH Investment & Securities Co. Ltd.  | 134725 | 1683452 |
| NHN Corp.  | 62394 | 861948 |
| NICE Holdings Co. Ltd. \* | 83191 | 719337 |
| NongShim Co. Ltd.  | 4144 | 1273506 |
| OCI Holdings Co. Ltd.  | 23748 | 1220362 |
| Orion Corp.  | 24398 | 1952264 |
| Orion Holdings Corp.  | 80207 | 1098726 |
| Otoki Corp.  | 3494 | 1007909 |
| Pan Ocean Co. Ltd.  | 632082 | 1697372 |
| Partron Co. Ltd.  | 117314 | 558638 |
| Poongsan Corp.  | 31058 | 1395663 |
| POSCO Future M Co. Ltd. \* | 2706 | 228687 |
| Posco International Corp.  | 25583 | 909507 |
| S-1 Corp.  | 33779 | 1620765 |
| Samchully Co. Ltd.  | 10083 | 979287 |
| Samsung Biologics Co. Ltd. \* | 210 | 157078 |
| Samsung Card Co. Ltd.  | 26784 | 838638 |
| Samsung E&A Co. Ltd.  | 211080 | 3327528 |
| Samsung Heavy Industries Co. Ltd. \* | 175504 | 2149755 |
| Samsung Life Insurance Co. Ltd.  | 15259 | 1093799 |
| Samsung Securities Co. Ltd.  | 55362 | 2427630 |

---

**54**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Samyang Holdings Corp. \* | 5759 | 306796 |
| SD Biosensor, Inc.  | 139499 | 1178922 |
| SeAH Besteel Holdings Corp.  | 35615 | 604038 |
| SeAH Steel Holdings Corp.  | 6469 | 1134665 |
| Seegene, Inc.  | 70649 | 1715403 |
| Seoul Semiconductor Co. Ltd. \* | 78016 | 371505 |
| Seoyon E-Hwa Co. Ltd.  | 40237 | 334506 |
| SFA Engineering Corp.  | 55810 | 847445 |
| Shinsegae, Inc.  | 25627 | 3304373 |
| SIMMTECH Co. Ltd.  | 51449 | 667118 |
| SK Chemicals Co. Ltd.  | 29201 | 1214856 |
| SK Discovery Co. Ltd.  | 53461 | 1815357 |
| SK Gas Ltd.  | 5398 | 831394 |
| SK Networks Co. Ltd.  | 537628 | 1611286 |
| SKC Co. Ltd. \* | 9619 | 621188 |
| SL Corp.  | 28168 | 647188 |
| Soulbrain Co. Ltd.  | 4762 | 550855 |
| Sungwoo Hitech Co. Ltd.  | 172816 | 701435 |
| Taekwang Industrial Co. Ltd.  | 1250 | 881532 |
| Taihan Electric Wire Co. Ltd. \* | 71368 | 661073 |
| WONIK IPS Co. Ltd.  | 37392 | 617915 |
| Young Poong Corp.  | 25107 | 726987 |
| Youngone Corp.  | 42940 | 1889148 |
| Youngone Holdings Co. Ltd.  | 18972 | 1661098 |
| Yuhan Corp.  | 15252 | 1152992 |
|  |  | **209675442** |
| **Singapore 1.9%** | **Singapore 1.9%** | **Singapore 1.9%** |
| BW LPG Ltd.  | 102247 | 1044772 |
| CapitaLand Ascendas REIT  | 1326470 | 2725764 |
| CapitaLand Ascott Trust  | 1273588 | 844384 |
| CapitaLand Integrated Commercial Trust  | 1592556 | 2580988 |
| CapitaLand Investment Ltd.  | 980016 | 1915044 |
| City Developments Ltd.  | 508809 | 1909612 |
| ComfortDelGro Corp. Ltd.  | 954087 | 1050561 |
| Frasers Logistics & Commercial Trust  | 1133589 | 698824 |
| Genting Singapore Ltd.  | 3421573 | 1830711 |
| Grab Holdings Ltd., Class A \* | 44793 | 218142 |
| Hafnia Ltd.  | 186196 | 938529 |
| Hutchison Port Holdings Trust, U Shares  | 16654452 | 2648058 |
| IGG, Inc.  | 2282423 | 1030380 |
| Jardine Cycle & Carriage Ltd.  | 162282 | 3076764 |
| Keppel Infrastructure Trust  | 4334285 | 1310772 |
| Keppel Ltd.  | 499843 | 2631773 |
| Mapletree Industrial Trust  | 664783 | 994906 |
| Mapletree Logistics Trust  | 1151934 | 991507 |
| Mapletree Pan Asia Commercial Trust  | 1005863 | 920377 |
| Netlink NBN Trust  | 1276986 | 856539 |
| SATS Ltd.  | 416383 | 997692 |
| Sea Ltd., ADR \* | 36591 | 5868099 |
| Seatrium Ltd.  | 496622 | 789450 |
| Sembcorp Industries Ltd.  | 534175 | 2742120 |
| Sheng Siong Group Ltd.  | 532625 | 747558 |
| Singapore Exchange Ltd.  | 335231 | 3644493 |
| Singapore Post Ltd.  | 2862732 | 1232023 |
| Singapore Technologies Engineering Ltd.  | 803773 | 4873996 |
| StarHub Ltd.  | 506725 | 447942 |
| UOL Group Ltd.  | 496985 | 2200515 |
| Venture Corp. Ltd.  | 105909 | 909129 |
|  |  | **54671424** |
| **Spain 1.7%** | **Spain 1.7%** | **Spain 1.7%** |
| Abengoa SA, B Shares \**(b)* | 192522094 | 0 |
| Acciona SA  | 5736 | 924675 |
| Almirall SA  | 50375 | 638221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atresmedia Corp. de Medios de <br> Comunicacion SA <br>| 33085 | 223481 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Bankinter SA  | 328792 | 4233001 |
| Cellnex Telecom SA \* | 67251 | 2574411 |
| CIE Automotive SA  | 49484 | 1362286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Construcciones y Auxiliar de <br> Ferrocarriles SA <br>| 26100 | 1444464 |
| Corp. ACCIONA Energias Renovables SA  | 42287 | 924602 |
| Ebro Foods SA  | 67533 | 1349337 |
| EDP Renovaveis SA  | 114103 | 1145093 |
| Elecnor SA  | 36649 | 990218 |
| Enagas SA  | 69039 | 1110204 |
| Ence Energia y Celulosa SA  | 142177 | 466465 |
| Faes Farma SA  | 229191 | 1135726 |
| Fluidra SA  | 43285 | 1061409 |
| Gestamp Automocion SA  | 580031 | 1931981 |
| Grupo Catalana Occidente SA  | 37179 | 2070276 |
| Indra Sistemas SA  | 71795 | 2953752 |
| Inmobiliaria Colonial Socimi SA  | 159250 | 1108234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Linea Directa Aseguradora SA Cia de <br> Seguros y Reaseguros <br>| 788191 | 1224078 |
| Logista Integral SA  | 47338 | 1528379 |
| Mapfre SA *(a)* | 940717 | 3562679 |
| Merlin Properties Socimi SA  | 191278 | 2366918 |
| Naturgy Energy Group SA  | 101679 | 3003518 |
| Prosegur Cia de Seguridad SA  | 392993 | 1215746 |
| Puig Brands SA, Class B  | 8616 | 162468 |
| Sacyr SA  | 591627 | 2393742 |
| Unicaja Banco SA  | 648222 | 1425427 |
| Vidrala SA  | 11776 | 1259332 |
| Viscofan SA  | 34014 | 2448153 |
|  |  | **48238276** |
| **Sweden 3.3%** | **Sweden 3.3%** | **Sweden 3.3%** |
| AAK AB  | 88875 | 2476114 |
| AcadeMedia AB  | 156597 | 1317346 |
| AddLife AB, B Shares  | 45532 | 874143 |
| AddTech AB, B Shares  | 48335 | 1657640 |
| AFRY AB  | 102874 | 1816504 |
| Alleima AB  | 278440 | 2275654 |
| Ambea AB  | 15004 | 167146 |
| Arjo AB, B Shares  | 223257 | 712195 |
| Asmodee Group AB, Class B \* | 45275 | 612217 |
| Attendo AB  | 148951 | 955276 |
| Avanza Bank Holding AB  | 23900 | 850501 |
| Axfood AB  | 87505 | 2549092 |
| Beijer Ref AB  | 77226 | 1137692 |
| Betsson AB, Class B  | 101525 | 1960748 |
| Bilia AB, A Shares  | 147824 | 1911487 |
| Billerud Aktiebolag  | 375223 | 4078447 |
| Bravida Holding AB  | 225061 | 2080741 |
| Castellum AB  | 170318 | 2110146 |
| Clas Ohlson AB, B Shares  | 30385 | 832626 |
| Corem Property Group AB, B Shares  | 564213 | 299290 |
| Dometic Group AB  | 414148 | 1599685 |
| Electrolux Professional AB, B Shares  | 95084 | 644456 |
| Elekta AB, B Shares  | 303429 | 1595340 |
| Embracer Group AB \* | 76513 | 929632 |
| EQT AB *(a)* | 68394 | 1998069 |
| Evolution AB  | 33767 | 2313254 |
| Fabege AB  | 95370 | 820653 |
| Fastighets AB Balder, B Shares \* | 139072 | 972713 |
| Getinge AB, B Shares  | 166660 | 3210022 |
| Granges AB  | 134317 | 1694878 |
| Hexpol AB  | 212539 | 1971611 |
| Holmen AB, B Shares  | 71528 | 2949009 |
| Indutrade AB  | 73914 | 1999267 |
| Investment AB Latour, B Shares  | 18674 | 491495 |
| Inwido AB  | 54552 | 1197254 |
| JM AB  | 104196 | 1584916 |

---

**55**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Lagercrantz Group AB, B Shares  | 6844 | 154766 |
| Lifco AB, B Shares  | 36347 | 1477350 |
| Lindab International AB  | 55916 | 1251640 |
| Loomis AB  | 87535 | 3381120 |
| MEKO AB  | 56713 | 676663 |
| Mycronic AB  | 18715 | 737303 |
| NCAB Group AB \* | 90512 | 413879 |
| NCC AB, B Shares  | 162995 | 3080036 |
| New Wave Group AB, B Shares  | 66763 | 810474 |
| Nibe Industrier AB, B Shares  | 756625 | 3093474 |
| Nolato AB, B Shares  | 128431 | 791583 |
| Pandox AB  | 23824 | 398846 |
| Peab AB, B Shares  | 396157 | 3392408 |
| Ratos AB, B Shares  | 461749 | 1857582 |
| Saab AB, B Shares  | 106768 | 5386226 |
| Sagax AB, B Shares  | 26413 | 576937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Samhallsbyggnadsbolaget i Norden <br> AB *(a)*<br>| 2218431 | 1299423 |
| Scandic Hotels Group AB  | 161963 | 1294193 |
| Sinch AB \* | 569010 | 1508284 |
| Stillfront Group AB \* | 635980 | 525406 |
| Svenska Cellulosa AB SCA, B Shares  | 51358 | 693243 |
| Sweco AB, B Shares  | 104044 | 1803583 |
| Swedish Orphan Biovitrum AB \* | 59170 | 1806219 |
| Thule Group AB  | 58083 | 1528731 |
| Wihlborgs Fastigheter AB  | 93200 | 934916 |
|  |  | **95521544** |
| **Switzerland 3.2%** | **Switzerland 3.2%** | **Switzerland 3.2%** |
| Accelleron Industries AG  | 22048 | 1273151 |
| Allreal Holding AG  | 7801 | 1787047 |
| ALSO Holding AG  | 10370 | 3275534 |
| Aryzta AG \* | 15493 | 1600123 |
| Avolta AG \* | 65876 | 3534556 |
| Baloise Holding AG  | 4732 | 1124322 |
| Banque Cantonale Vaudoise  | 10768 | 1247780 |
| Belimo Holding AG  | 2900 | 2802751 |
| Bell Food Group AG  | 4657 | 1485161 |
| BeOne Medicines Ltd. \* | 9331 | 179086 |
| BKW AG  | 10640 | 2239250 |
| Bossard Holding AG, Class A  | 3279 | 762326 |
| Bucher Industries AG  | 6955 | 3360885 |
| Burckhardt Compression Holding AG  | 306 | 227205 |
| Bystronic AG  | 2389 | 1003232 |
| Cembra Money Bank AG  | 16978 | 2089314 |
| Clariant AG \* | 221700 | 2502912 |
| Comet Holding AG  | 2154 | 576288 |
| Daetwyler Holding AG  | 3674 | 527700 |
| DKSH Holding AG  | 49718 | 3885212 |
| DocMorris AG \* | 18480 | 190187 |
| dormakaba Holding AG  | 2106 | 1876443 |
| DSM-Firmenich AG  | 10563 | 1175421 |
| Emmi AG  | 1653 | 1682074 |
| EMS-Chemie Holding AG  | 2572 | 1956667 |
| Flughafen Zurich AG  | 6719 | 1864685 |
| Forbo Holding AG  | 1153 | 1185911 |
| Galderma Group AG  | 2189 | 286964 |
| Galenica AG  | 43794 | 4541718 |
| Georg Fischer AG  | 46154 | 3690972 |
| Helvetia Holding AG  | 20826 | 4938111 |
| Huber & Suhner AG  | 15424 | 1492554 |
| Inficon Holding AG  | 5033 | 591181 |
| Interroll Holding AG \* | 330 | 802556 |
| Kardex Holding AG  | 706 | 210111 |
| Landis & Gyr Group AG \* | 22328 | 1407815 |
| Luzerner Kantonalbank AG  | 2511 | 209059 |
| Mobimo Holding AG  | 2720 | 1054495 |
| OC Oerlikon Corp. AG Pfaffikon  | 371143 | 1713975 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| On Holding AG, Class A \* | 3726 | 221287 |
| PSP Swiss Property AG  | 10571 | 1861875 |
| SFS Group AG  | 9406 | 1334964 |
| Siegfried Holding AG \* | 8918 | 1048602 |
| SIG Group AG \* | 119283 | 2439236 |
| Softwareone Holding AG  | 101876 | 935615 |
| St. Galler Kantonalbank AG  | 1279 | 753498 |
| Stadler Rail AG  | 43076 | 1096890 |
| Straumann Holding AG  | 17745 | 2279818 |
| Sulzer AG  | 7944 | 1498777 |
| Swiss Prime Site AG  | 30005 | 4269472 |
| Swissquote Group Holding SA  | 398 | 238446 |
| Tecan Group AG  | 5025 | 1001269 |
| Temenos AG  | 23135 | 1719179 |
| Valiant Holding AG  | 8606 | 1265419 |
| VAT Group AG  | 4600 | 1750861 |
| Vontobel Holding AG  | 24529 | 1845161 |
|  |  | **91915103** |
| **Taiwan 0.0%** | **Taiwan 0.0%** | **Taiwan 0.0%** |
| FIT Hon Teng Ltd. \* | 506966 | **132535** |
| **United Kingdom 8.0%** | **United Kingdom 8.0%** | **United Kingdom 8.0%** |
| 4imprint Group PLC  | 12881 | 616659 |
| AG Barr PLC  | 80108 | 749726 |
| Airtel Africa PLC  | 1725652 | 4109709 |
| Allfunds Group PLC  | 64603 | 405207 |
| Ashmore Group PLC  | 464622 | 968671 |
| ASOS PLC \**(a)* | 230382 | 973987 |
| Assura PLC  | 1204358 | 803948 |
| Auto Trader Group PLC  | 172757 | 1849794 |
| Babcock International Group PLC  | 229859 | 2901380 |
| Bakkavor Group PLC  | 162889 | 459098 |
| Beazley PLC  | 247447 | 3148410 |
| Big Yellow Group PLC  | 55277 | 742456 |
| Bodycote PLC  | 217322 | 1658774 |
| Breedon Group PLC  | 293364 | 1804801 |
| British Land Co. PLC  | 455921 | 2400306 |
| Carnival PLC, ADR \* | 54960 | 1149214 |
| Chemring Group PLC  | 170651 | 1111535 |
| Clarkson PLC  | 15015 | 674275 |
| Close Brothers Group PLC \* | 526380 | 2368059 |
| Coats Group PLC  | 1235116 | 1312506 |
| Computacenter PLC  | 75489 | 2650891 |
| ConvaTec Group PLC  | 800509 | 3128468 |
| Cranswick PLC  | 50917 | 3652932 |
| Crest Nicholson Holdings PLC  | 400916 | 987777 |
| CVS Group PLC  | 50028 | 836569 |
| Deliveroo PLC \* | 147424 | 348909 |
| Derwent London PLC  | 44431 | 1182171 |
| Diploma PLC  | 25884 | 1635689 |
| Diversified Energy Co. PLC *(a)* | 27963 | 395196 |
| Domino's Pizza Group PLC  | 197117 | 693264 |
| Dr. Martens PLC  | 1403129 | 1127745 |
| Drax Group PLC  | 333541 | 2973157 |
| Dunelm Group PLC  | 90140 | 1450191 |
| easyJet PLC  | 477449 | 3709945 |
| Elementis PLC  | 466854 | 899035 |
| Endava PLC, ADR \* | 25929 | 400344 |
| Endeavour Mining PLC  | 109843 | 3360919 |
| Energean PLC  | 22534 | 279116 |
| Essentra PLC  | 416203 | 541065 |
| FDM Group Holdings PLC  | 95786 | 293221 |
| Fevertree Drinks PLC  | 43291 | 515496 |
| Frasers Group PLC \* | 163184 | 1610853 |
| Fresnillo PLC  | 180876 | 2836794 |
| Future PLC  | 77009 | 697876 |

---

**56**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Games Workshop Group PLC  | 11307 | 2337527 |
| Gamma Communications PLC  | 47039 | 752333 |
| Genuit Group PLC  | 194175 | 1055275 |
| Genus PLC  | 38597 | 1048808 |
| Grainger PLC  | 298805 | 896572 |
| Greggs PLC  | 64575 | 1797386 |
| Halfords Group PLC  | 693535 | 1569378 |
| Halma PLC  | 104585 | 4098568 |
| Harbour Energy PLC  | 261891 | 628648 |
| Hikma Pharmaceuticals PLC  | 113369 | 3271714 |
| Hill & Smith PLC  | 44949 | 1122608 |
| Hilton Food Group PLC  | 136166 | 1595716 |
| Howden Joinery Group PLC  | 331323 | 3844764 |
| Hunting PLC  | 214387 | 743017 |
| Ibstock PLC  | 456760 | 1206057 |
| IG Group Holdings PLC  | 330025 | 4993521 |
| IMI PLC  | 152964 | 4100840 |
| Indivior PLC \* | 22107 | 281578 |
| InterContinental Hotels Group PLC  | 31360 | 3592158 |
| Intermediate Capital Group PLC  | 100299 | 2713281 |
| Investec PLC  | 190014 | 1358090 |
| J D Wetherspoon PLC  | 85876 | 847136 |
| James Halstead PLC  | 91756 | 195505 |
| JD Sports Fashion PLC  | 1678746 | 1904370 |
| JET2 PLC  | 85602 | 2147158 |
| Johnson Service Group PLC  | 325537 | 652359 |
| Jupiter Fund Management PLC  | 854787 | 1048978 |
| Just Group PLC  | 630594 | 1270479 |
| Keller Group PLC  | 117417 | 2435311 |
| Kier Group PLC  | 874172 | 1987566 |
| Lancashire Holdings Ltd.  | 92112 | 751517 |
| Land Securities Group PLC  | 405848 | 3464450 |
| Lion Finance Group PLC  | 23308 | 2099658 |
| LondonMetric Property PLC  | 253480 | 687763 |
| Marshalls PLC  | 272856 | 1028448 |
| Mitchells & Butlers PLC \* | 346777 | 1335130 |
| Mitie Group PLC  | 1136830 | 2400792 |
| Mobico Group PLC \* | 1853583 | 747395 |
| MONY Group PLC  | 453203 | 1277339 |
| Morgan Advanced Materials PLC  | 390343 | 1115962 |
| Morgan Sindall Group PLC  | 53517 | 2796602 |
| Ninety One PLC  | 342016 | 741651 |
| Ocado Group PLC \* | 246811 | 876027 |
| OSB Group PLC  | 423303 | 2788009 |
| Oxford Instruments PLC  | 24509 | 591624 |
| Pagegroup PLC  | 491679 | 1794224 |
| Paragon Banking Group PLC  | 128718 | 1568320 |
| Pennon Group PLC  | 439980 | 3020076 |
| Pets at Home Group PLC  | 661420 | 2377961 |
| Pinewood Technologies Group PLC \* | 199407 | 1052784 |
| Polar Capital Holdings PLC  | 84763 | 484662 |
| Premier Foods PLC  | 525133 | 1472990 |
| Primary Health Properties PLC  | 510240 | 692213 |
| PZ Cussons PLC  | 546165 | 643728 |
| QinetiQ Group PLC  | 363864 | 2439705 |
| Quilter PLC  | 1275039 | 2539634 |
| Renew Holdings PLC  | 58890 | 651212 |
| Renewi PLC  | 109678 | 1282348 |
| Renishaw PLC  | 17485 | 605991 |
| Rightmove PLC  | 167941 | 1687706 |
| Rolls-Royce Holdings PLC  | 409412 | 4782400 |
| Rotork PLC  | 462136 | 1960630 |
| RS Group PLC  | 279981 | 2150253 |
| RWS Holdings PLC  | 528055 | 568263 |
| Safestore Holdings PLC  | 86129 | 763101 |
| Savills PLC  | 157429 | 2067811 |
| Schroders PLC  | 790898 | 3790575 |
| Segro PLC  | 257158 | 2417130 |
| Senior PLC  | 522518 | 1195073 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Serco Group PLC  | 1192916 | 3000239 |
| Serica Energy PLC  | 423373 | 875822 |
| Softcat PLC  | 43554 | 1051940 |
| Spectris PLC  | 102283 | 2764193 |
| Spirax Group PLC  | 32792 | 2527268 |
| Spire Healthcare Group PLC  | 267087 | 697309 |
| Spirent Communications PLC \* | 450553 | 1145921 |
| SSP Group PLC  | 725301 | 1595289 |
| St. James's Place PLC  | 324611 | 4878772 |
| SThree PLC  | 195068 | 620819 |
| Tate & Lyle PLC  | 442268 | 3298206 |
| Telecom Plus PLC  | 55027 | 1495265 |
| THG PLC \**(a)* | 1256906 | 411546 |
| TORM PLC, Class A *(a)* | 42122 | 704517 |
| Tritax Big Box REIT PLC  | 466771 | 924683 |
| Tullow Oil PLC \**(a)* | 2391891 | 456743 |
| UNITE Group PLC  | 75447 | 876017 |
| Vesuvius PLC  | 528097 | 2565220 |
| Victrex PLC  | 103769 | 1099911 |
| Vistry Group PLC \* | 297440 | 2522197 |
| Watches of Switzerland Group PLC \* | 257533 | 1489901 |
| Weir Group PLC  | 132508 | 4335110 |
| WH Smith PLC  | 66180 | 933524 |
| Whitbread PLC  | 73101 | 2852916 |
| Zigup PLC  | 518200 | 2431889 |
|  |  | **232179213** |
| **United States 0.2%** | **United States 0.2%** | **United States 0.2%** |
| Coronado Global Resources, Inc.  | 3586437 | 253886 |
| Garrett Motion, Inc.  | 92877 | 984496 |
| Kulicke & Soffa Industries, Inc.  | 51307 | 1649520 |
| Magnachip Semiconductor Corp. \* | 113410 | 409410 |
| Mercer International, Inc.  | 123314 | 441464 |
| SolarEdge Technologies, Inc. \* | 96193 | 1718007 |
|  |  | **5456783** |
| **Total Common Stocks**<br> **(Cost $2,443,917,600)** | **Total Common Stocks**<br> **(Cost $2,443,917,600)** | **2835837465** |
| **PREFERRED STOCKS** 0.4% OF NET ASSETS | **PREFERRED STOCKS** 0.4% OF NET ASSETS | **PREFERRED STOCKS** 0.4% OF NET ASSETS |
| **Germany 0.4%** | **Germany 0.4%** | **Germany 0.4%** |
| Draegerwerk AG & Co. KGaA  | 34468 | 2625610 |
| Jungheinrich AG  | 74588 | 2997533 |
| KSB SE & Co. KGaA  | 1442 | 1267062 |
| Sartorius AG  | 6757 | 1618557 |
| Sixt SE  | 21012 | 1433618 |
| STO SE & Co. KGaA  | 5621 | 740224 |
|  |  | **10682604** |
| **Italy 0.0%** | **Italy 0.0%** | **Italy 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Danieli & C Officine Meccaniche SpA - <br> RSP <br>| 43469 | **1390632** |
| **Republic of Korea 0.0%** | **Republic of Korea 0.0%** | **Republic of Korea 0.0%** |
| Daesang Corp.  | 4500 | 54468 |
| Daishin Securities Co. Ltd.  | 36583 | 504319 |
|  |  | **558787** |
| **Total Preferred Stocks**<br> **(Cost $10,845,774)** | **Total Preferred Stocks**<br> **(Cost $10,845,774)** | **12632023** |

---

**57**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **RIGHTS** 0.0% OF NET ASSETS | **RIGHTS** 0.0% OF NET ASSETS | **RIGHTS** 0.0% OF NET ASSETS |
| **Republic of Korea 0.0%** | **Republic of Korea 0.0%** | **Republic of Korea 0.0%** |
| Hanwha Aerospace Co. Ltd. | Hanwha Aerospace Co. Ltd. | Hanwha Aerospace Co. Ltd. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; expires 07/02/25, strike KRW <br> 684,000.00 \**(b)*<br>| 496 | **45656** |
| **Spain 0.0%** | **Spain 0.0%** | **Spain 0.0%** |
| Almirall SA | Almirall SA | Almirall SA |
| &nbsp;&nbsp;&nbsp;&nbsp; expires 06/06/25, strike EUR 0.18 \* | 49736 | 11462 |
| Viscofan SA | Viscofan SA | Viscofan SA |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; expires 06/04/25, strike EUR <br> 1.69 \**(b)*<br>| 33582 | 65326 |
|  |  | **76788** |
| **Total Rights**<br> **(Cost $73,125)** | **Total Rights**<br> **(Cost $73,125)** | **122444** |
| **WARRANTS** 0.0% OF NET ASSETS | **WARRANTS** 0.0% OF NET ASSETS | **WARRANTS** 0.0% OF NET ASSETS |
| **Italy 0.0%** | **Italy 0.0%** | **Italy 0.0%** |
| Webuild SpA | Webuild SpA | Webuild SpA |
| &nbsp;&nbsp;&nbsp;&nbsp; expires 08/02/30 \**(a)(b)* | 9734 | **39672** |
| **Total Warrants**<br> **(Cost $0)** | **Total Warrants**<br> **(Cost $0)** | **39672** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 2.5% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 2.5% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 2.5% OF NET ASSETS |
| **Money Market Funds 2.5%** | **Money Market Funds 2.5%** | **Money Market Funds 2.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(d)*<br>| 5246734 | 5246734 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(d)(e)*<br>| 65297573 | 65297573 |
|  |  | **70544307** |
| **Total Short-Term Investments**<br> **(Cost $70,544,307)** | **Total Short-Term Investments**<br> **(Cost $70,544,307)** | **70544307** |
| **Total Investments in Securities**<br> **(Cost $2,525,380,806)** | **Total Investments in Securities**<br> **(Cost $2,525,380,806)** | **2919175911** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI EAFE Index, expires <br> 06/20/25<br>| 276 | 35942100 | **2249179** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $60,344,790. 

*(b)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(c)* Security is traded on separate exchanges for the same issuer.

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| ADR — | American Depositary Receipt |
| CVA — | Dutch Certificate |
| REIT — | Real Estate Investment Trust |
| RSP — | Risparmio (Savings Shares) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

EUR — Euro <br> KRW — South Korean Won

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

The following is a summary of the inputs used to value the fund's investments as of May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $2696506882 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2696506882 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hong Kong | 73478837 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 73478837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Luxembourg | 17613470 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 17613470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | 48238276 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 48238276 |
| Preferred Stocks<sup>1</sup> <br>| 12632023 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 12632023 |

---

**58**

------

Schwab Fundamental International Small Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| Rights |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Republic of Korea | $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $45656 | &nbsp;&nbsp;&nbsp; $45656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spain | 11462 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 65326 | &nbsp;&nbsp;&nbsp; 76788 |
| Warrants |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Italy |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 39672 | &nbsp;&nbsp;&nbsp; 39672 |
| Short-Term Investments<sup>1</sup> <br>| 70544307 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 70544307 |
| Futures Contracts<sup>2</sup> <br>| 2249179 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2249179 |
| **Total** | **$2921274436** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$150654** | &nbsp;&nbsp; **$2921425090** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at May 31, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**59**

------

Schwab Strategic Trust

Schwab Fundamental Emerging Markets Equity ETF

------

**Portfolio Holdings** as of May 31, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 95.4% OF NET ASSETS | **COMMON STOCKS** 95.4% OF NET ASSETS | **COMMON STOCKS** 95.4% OF NET ASSETS |
| **Brazil 6.8%** | **Brazil 6.8%** | **Brazil 6.8%** |
| Ambev SA  | 7607836 | 18621250 |
| B3 SA - Brasil Bolsa Balcao  | 4839469 | 11777740 |
| Banco Bradesco SA  | 3703262 | 9031952 |
| Banco do Brasil SA  | 6382384 | 26077134 |
| Banco Santander Brasil SA  | 1005757 | 5216485 |
| Centrais Eletricas Brasileiras SA  | 1176325 | 8610985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cia de Saneamento Basico do Estado de <br> Sao Paulo SABESP <br>| 458007 | 9378994 |
| Cia Energetica de Minas Gerais  | 769013 | 2324996 |
| Cia Paranaense de Energia - Copel  | 2045329 | 4160560 |
| Cia Siderurgica Nacional SA  | 4517116 | 6501375 |
| Cosan SA  | 1277789 | 1834632 |
| Equatorial Energia SA  | 1394536 | 8916486 |
| Itau Unibanco Holding SA  | 746634 | 4346643 |
| JBS SA  | 3853097 | 26968755 |
| Klabin SA  | 1870382 | 5974598 |
| Localiza Rent a Car SA  | 319580 | 2395156 |
| Marfrig Global Foods SA  | 2757144 | 12222334 |
| Natura & Co. Holding SA \* | 730404 | 1334135 |
| Petroleo Brasileiro SA - Petrobras  | 17111522 | 98244117 |
| Suzano SA  | 1359311 | 11774111 |
| Telefonica Brasil SA  | 2156720 | 10783506 |
| Ultrapar Participacoes SA  | 3364158 | 9560652 |
| Vale SA  | 14889779 | 135336832 |
| Vibra Energia SA  | 6319770 | 22249101 |
|  |  | **453642529** |
| **Cayman Islands 0.0%** | **Cayman Islands 0.0%** | **Cayman Islands 0.0%** |
| Daqo New Energy Corp., ADR \* | 89230 | 1192113 |
| iQIYI, Inc., ADR \* | 1167192 | 1867507 |
|  |  | **3059620** |
| **Chile 0.6%** | **Chile 0.6%** | **Chile 0.6%** |
| Banco de Chile  | 56961754 | 8388205 |
| Cencosud SA  | 4600651 | 15848571 |
| Empresas CMPC SA  | 3063465 | 4893688 |
| Empresas Copec SA  | 1713805 | 11784772 |
| Enel Americas SA  | 17591332 | 1641770 |
|  |  | **42557006** |
| **China 36.4%** | **China 36.4%** | **China 36.4%** |
| Agile Group Holdings Ltd. \* | 65416805 | 3587202 |
| Agricultural Bank of China Ltd., A Shares  | 9779300 | 7509325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Agricultural Bank of China Ltd., <br> H Shares <br>| 61908621 | 39790532 |
| Alibaba Group Holding Ltd.  | 16589452 | 240964935 |
| Aluminum Corp. of China Ltd., A Shares  | 3046000 | 2766149 |
| Aluminum Corp. of China Ltd., H Shares  | 8094485 | 4717409 |
| Anhui Conch Cement Co. Ltd., A Shares  | 1723700 | 5560052 |
| Anhui Conch Cement Co. Ltd., H Shares  | 4946304 | 12899480 |
| ANTA Sports Products Ltd.  | 823113 | 10019210 |
| BAIC Motor Corp. Ltd., H Shares  | 45635201 | 11522938 |
| Baidu, Inc., A Shares \* | 2710509 | 28223127 |
| Bank of Beijing Co. Ltd., A Shares  | 8636900 | 7555556 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Bank of China Ltd., A Shares  | 5512600 | 4225358 |
| Bank of China Ltd., H Shares  | 180014928 | 104681864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Communications Co. Ltd., <br> A Shares <br>| 9174400 | 9681870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bank of Communications Co. Ltd., <br> H Shares <br>| 18793449 | 16464984 |
| &nbsp;&nbsp;&nbsp;&nbsp; BOE Technology Group Co. Ltd., <br> A Shares <br>| 12917500 | 6816007 |
| BYD Co. Ltd., A Shares  | 59900 | 2930269 |
| BYD Co. Ltd., H Shares  | 404406 | 20257561 |
| CGN Power Co. Ltd., A Shares  | 489000 | 249197 |
| CGN Power Co. Ltd., H Shares  | 5070000 | 1661649 |
| China CITIC Bank Corp. Ltd., A Shares  | 1833500 | 2026572 |
| China CITIC Bank Corp. Ltd., H Shares  | 26153568 | 23046611 |
| China Coal Energy Co. Ltd., A Shares  | 534897 | 795477 |
| China Coal Energy Co. Ltd., H Shares  | 5430702 | 6080630 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Communications Services Corp. <br> Ltd., H Shares <br>| 10412025 | 6001665 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Construction Bank Corp., <br> A Shares <br>| 3882300 | 4867936 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Construction Bank Corp., <br> H Shares <br>| 256819210 | 230567584 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Everbright Bank Co. Ltd., <br> A Shares <br>| 14051700 | 7746176 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Everbright Bank Co. Ltd., <br> H Shares <br>| 27903452 | 12917029 |
| China Hongqiao Group Ltd.  | 9014339 | 16116843 |
| China Life Insurance Co. Ltd., A Shares  | 78200 | 415777 |
| China Life Insurance Co. Ltd., H Shares  | 4451459 | 9071461 |
| China Mengniu Dairy Co. Ltd.  | 6173749 | 13919682 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., <br> A Shares <br>| 3641000 | 21957278 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Merchants Bank Co. Ltd., <br> H Shares <br>| 6413485 | 39994570 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Minsheng Banking Corp. Ltd., <br> A Shares <br>| 23677400 | 14301818 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Minsheng Banking Corp. Ltd., <br> H Shares <br>| 36854889 | 18940797 |
| &nbsp;&nbsp;&nbsp;&nbsp; China National Building Material Co. <br> Ltd., H Shares <br>| 67554351 | 30152231 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Pacific Insurance Group Co. Ltd., <br> A Shares <br>| 749100 | 3581334 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Pacific Insurance Group Co. Ltd., <br> H Shares <br>| 3751265 | 11720386 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., <br> A Shares <br>| 9905700 | 7950254 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Petroleum & Chemical Corp., <br> H Shares <br>| 132704113 | 71754365 |
| China Railway Group Ltd., A Shares  | 6958300 | 5401109 |
| China Railway Group Ltd., H Shares  | 18853229 | 8511127 |
| China Resources Gas Group Ltd.  | 1376519 | 3668821 |
| China Resources Land Ltd.  | 8111454 | 26481145 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Shenhua Energy Co. Ltd., <br> A Shares <br>| 648700 | 3563430 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Shenhua Energy Co. Ltd., <br> H Shares <br>| 5747228 | 24296295 |
| &nbsp;&nbsp;&nbsp;&nbsp; China State Construction Engineering <br> Corp. Ltd., A Shares <br>| 17647700 | 13918885 |
| China Tower Corp. Ltd., H Shares  | 10996914 | 16323824 |

---

**60**

------

Schwab Fundamental Emerging Markets Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; China United Network Communications <br> Ltd., A Shares <br>| 11601500 | 8634693 |
| China Vanke Co. Ltd., A Shares \* | 9240100 | 8519473 |
| China Vanke Co. Ltd., H Shares \**(a)* | 16903155 | 11058169 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Yongda Automobiles Services <br> Holdings Ltd. *(a)*<br>| 37608125 | 11558376 |
| CITIC Securities Co. Ltd., A Shares  | 1294500 | 4587232 |
| CITIC Securities Co. Ltd., H Shares  | 1516687 | 3845125 |
| &nbsp;&nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings Co. Ltd., <br> A Shares <br>| 3369000 | 7667397 |
| &nbsp;&nbsp;&nbsp;&nbsp; COSCO SHIPPING Holdings Co. Ltd., <br> H Shares <br>| 10569218 | 18249863 |
| CRRC Corp. Ltd., A Shares  | 3192800 | 3192068 |
| CRRC Corp. Ltd., H Shares  | 7854763 | 5028459 |
| ENN Energy Holdings Ltd.  | 1716997 | 13728882 |
| Geely Automobile Holdings Ltd.  | 11888984 | 26714603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gree Electric Appliances, Inc. of Zhuhai, <br> A Shares <br>| 329200 | 2121939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Guangzhou R&F Properties Co. Ltd., <br> H Shares \**(a)*<br>| 35338418 | 4416429 |
| Haier Smart Home Co. Ltd., A Shares  | 942300 | 3276359 |
| Haier Smart Home Co. Ltd., H Shares  | 4040561 | 11851344 |
| Hello Group, Inc., ADR  | 266942 | 1620338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huaneng Power International, Inc., <br> A Shares <br>| 335300 | 336620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Huaneng Power International, Inc., <br> H Shares <br>| 2822678 | 1785423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China <br> Ltd., A Shares <br>| 8714600 | 8555292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Industrial & Commercial Bank of China <br> Ltd., H Shares <br>| 167214033 | 121760638 |
| Industrial Bank Co. Ltd., A Shares  | 7131800 | 22420411 |
| JD.com, Inc., ADR  | 2805480 | 90925607 |
| Jiangxi Copper Co. Ltd., A Shares  | 838900 | 2475353 |
| Jiangxi Copper Co. Ltd., H Shares  | 6471150 | 11454312 |
| JinkoSolar Holding Co. Ltd., ADR  | 77565 | 1402375 |
| KE Holdings, Inc., ADR  | 470093 | 8677917 |
| Kunlun Energy Co. Ltd.  | 16297969 | 16315532 |
| Kweichow Moutai Co. Ltd., A Shares  | 35100 | 7418050 |
| Li Ning Co. Ltd.  | 3296771 | 6297942 |
| Longfor Group Holdings Ltd.  | 13844365 | 17355001 |
| Lufax Holding Ltd., ADR  | 4068751 | 11921440 |
| Meituan, B Shares \* | 1094361 | 19259179 |
| Midea Group Co. Ltd., A Shares \* | 1062500 | 11664167 |
| NetEase, Inc.  | 1201770 | 29226051 |
| PDD Holdings, Inc., ADR \* | 137777 | 13296858 |
| &nbsp;&nbsp;&nbsp;&nbsp; People's Insurance Co. Group of China <br> Ltd., A Shares <br>| 751900 | 863443 |
| &nbsp;&nbsp;&nbsp;&nbsp; People's Insurance Co. Group of China <br> Ltd., H Shares <br>| 11072521 | 7243725 |
| PetroChina Co. Ltd., A Shares  | 5301700 | 6102920 |
| PetroChina Co. Ltd., H Shares  | 73437227 | 61716284 |
| &nbsp;&nbsp;&nbsp;&nbsp; PICC Property & Casualty Co. Ltd., <br> H Shares <br>| 15760065 | 30026636 |
| Ping An Bank Co. Ltd., A Shares  | 5558900 | 8923078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China <br> Ltd., A Shares <br>| 4425500 | 32741197 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ping An Insurance Group Co. of China <br> Ltd., H Shares <br>| 16923973 | 99602930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Poly Developments & Holdings Group <br> Co. Ltd., A Shares <br>| 1640300 | 1851748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Postal Savings Bank of China Co. Ltd., <br> A Shares <br>| 2897300 | 2144315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Postal Savings Bank of China Co. Ltd., <br> H Shares <br>| 22200338 | 14438692 |
| Seazen Group Ltd. \* | 24253970 | 6000434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shanghai Pudong Development Bank <br> Co. Ltd., A Shares <br>| 10762200 | 18426045 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Shenzhou International Group Holdings <br> Ltd. <br>| 810174 | 5904629 |
| Sinopharm Group Co. Ltd., H Shares  | 8198536 | 19864974 |
| Sunac China Holdings Ltd. \**(a)* | 42324587 | 7502493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sunny Optical Technology Group Co. <br> Ltd. \*<br>| 948166 | 7303304 |
| Tencent Holdings Ltd.  | 3246595 | 206267081 |
| Vipshop Holdings Ltd., ADR  | 1632580 | 22513278 |
| Weichai Power Co. Ltd., A Shares  | 1903800 | 3975916 |
| Weichai Power Co. Ltd., H Shares  | 4081762 | 7984930 |
| Xiaomi Corp., B Shares \* | 10903225 | 70843049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yankuang Energy Group Co. Ltd., <br> A Shares <br>| 754855 | 1348994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yankuang Energy Group Co. Ltd., <br> H Shares <br>| 7590182 | 9021239 |
| Zhongsheng Group Holdings Ltd.  | 5975904 | 9023051 |
| Zijin Mining Group Co. Ltd., A Shares  | 1938300 | 4771970 |
| Zijin Mining Group Co. Ltd., H Shares  | 4353897 | 9716599 |
| ZTO Express Cayman, Inc.  | 98000 | 1728408 |
| ZTO Express Cayman, Inc., ADR  | 267835 | 4713896 |
|  |  | **2429359961** |
| **Colombia 0.2%** | **Colombia 0.2%** | **Colombia 0.2%** |
| Ecopetrol SA, ADR *(a)* | 927528 | 7856162 |
| Grupo Cibest SA  | 522890 | 6129489 |
|  |  | **13985651** |
| **Czech Republic 0.2%** | **Czech Republic 0.2%** | **Czech Republic 0.2%** |
| CEZ AS  | 253638 | **13935932** |
| **Greece 0.3%** | **Greece 0.3%** | **Greece 0.3%** |
| Alpha Services & Holdings SA  | 2927516 | 9405402 |
| Motor Oil Hellas Corinth Refineries SA  | 87560 | 2335959 |
| National Bank of Greece SA  | 893295 | 10648191 |
|  |  | **22389552** |
| **Hong Kong 2.7%** | **Hong Kong 2.7%** | **Hong Kong 2.7%** |
| BOC Hong Kong Holdings Ltd.  | 4969892 | 20978432 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Everbright Environment Group <br> Ltd. <br>| 16551484 | 8210784 |
| China Jinmao Holdings Group Ltd.  | 49615123 | 6770113 |
| China Overseas Land & Investment Ltd.  | 19026887 | 32028733 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Resources Power Holdings Co. <br> Ltd. <br>| 4092289 | 10646198 |
| &nbsp;&nbsp;&nbsp;&nbsp; China Taiping Insurance Holdings Co. <br> Ltd. <br>| 1157411 | 1780053 |
| CITIC Ltd.  | 36942196 | 46733947 |
| CSPC Pharmaceutical Group Ltd.  | 13164861 | 13598762 |
| Fosun International Ltd.  | 11076795 | 6483730 |
| Lenovo Group Ltd.  | 17709494 | 20416095 |
| Orient Overseas International Ltd.  | 587318 | 10118747 |
|  |  | **177765594** |
| **Hungary 0.6%** | **Hungary 0.6%** | **Hungary 0.6%** |
| MOL Hungarian Oil & Gas PLC \* | 2940657 | 25417966 |
| OTP Bank Nyrt  | 212981 | 16147039 |
|  |  | **41565005** |
| **India 10.5%** | **India 10.5%** | **India 10.5%** |
| Axis Bank Ltd.  | 1537360 | 21417944 |
| Bajaj Finserv Ltd.  | 89619 | 2112736 |
| Bharat Petroleum Corp. Ltd.  | 6328628 | 23547007 |
| Bharti Airtel Ltd.  | 1049422 | 22762923 |

---

**61**

------

Schwab Fundamental Emerging Markets Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Coal India Ltd.  | 2121105 | 9847678 |
| GAIL India Ltd.  | 4553984 | 10100452 |
| Grasim Industries Ltd.  | 371275 | 11045187 |
| HCL Technologies Ltd.  | 755163 | 14442299 |
| HDFC Bank Ltd. \* | 2317451 | 52669710 |
| Hindalco Industries Ltd.  | 2683247 | 19863710 |
| Hindustan Petroleum Corp. Ltd.  | 3190714 | 15326240 |
| Hindustan Unilever Ltd.  | 314463 | 8629313 |
| ICICI Bank Ltd.  | 2294234 | 38761362 |
| Indian Oil Corp. Ltd.  | 10868616 | 18031170 |
| IndusInd Bank Ltd.  | 581363 | 5550038 |
| Infosys Ltd.  | 2234930 | 40812446 |
| ITC Hotels Ltd. \* | 339144 | 857897 |
| ITC Ltd.  | 4242993 | 20727820 |
| JSW Steel Ltd.  | 925778 | 10748004 |
| Kotak Mahindra Bank Ltd.  | 488303 | 11838530 |
| Larsen & Toubro Ltd.  | 533387 | 22906813 |
| Mahindra & Mahindra Ltd.  | 426905 | 14850258 |
| Maruti Suzuki India Ltd.  | 75306 | 10840720 |
| NTPC Ltd.  | 4668274 | 18214861 |
| Oil & Natural Gas Corp. Ltd.  | 8560480 | 23948337 |
| Power Finance Corp. Ltd.  | 1981987 | 9402134 |
| Power Grid Corp. of India Ltd.  | 3354068 | 11356602 |
| Rajesh Exports Ltd. \* | 4746716 | 11148612 |
| Reliance Industries Ltd.  | 4499253 | 74706265 |
| Shriram Finance Ltd.  | 327718 | 2448455 |
| State Bank of India  | 2245008 | 21310196 |
| Steel Authority of India Ltd.  | 1531690 | 2312167 |
| Sun Pharmaceutical Industries Ltd.  | 346727 | 6797186 |
| Tata Consultancy Services Ltd.  | 567768 | 22978764 |
| Tata Motors Ltd.  | 1728785 | 14535329 |
| Tata Steel Ltd.  | 16747049 | 31511654 |
| Tech Mahindra Ltd.  | 516865 | 9506209 |
| UltraTech Cement Ltd.  | 40972 | 5367176 |
| UPL Ltd.  | 826327 | 6063111 |
| Vedanta Ltd.  | 2482814 | 12636747 |
| Wipro Ltd.  | 2357772 | 6878936 |
|  |  | **698812998** |
| **Indonesia 1.4%** | **Indonesia 1.4%** | **Indonesia 1.4%** |
| Alamtri Resources Indonesia Tbk. PT  | 43829026 | 5919206 |
| Astra International Tbk. PT  | 55190901 | 16431913 |
| Bank Central Asia Tbk. PT  | 19738359 | 11389845 |
| Bank Mandiri Persero Tbk. PT  | 34259050 | 11146284 |
| Bank Rakyat Indonesia Persero Tbk. PT  | 72442689 | 19789439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telkom Indonesia Persero Tbk. PT, <br> Class B \*<br>| 126105239 | 21830373 |
| United Tractors Tbk. PT  | 5645912 | 7780892 |
|  |  | **94287952** |
| **Kuwait 0.6%** | **Kuwait 0.6%** | **Kuwait 0.6%** |
| Kuwait Finance House KSCP  | 4278304 | 10456992 |
| Mobile Telecommunications Co. KSCP  | 6280489 | 9763055 |
| National Bank of Kuwait SAKP  | 6079761 | 18941670 |
|  |  | **39161717** |
| **Malaysia 0.8%** | **Malaysia 0.8%** | **Malaysia 0.8%** |
| Axiata Group Bhd.  | 3960372 | 1907380 |
| CIMB Group Holdings Bhd.  | 5109824 | 8319295 |
| Malayan Banking Bhd.  | 6254158 | 14369944 |
| Public Bank Bhd.  | 10219600 | 10348050 |
| Sime Darby Bhd.  | 4164500 | 1663256 |
| Tenaga Nasional Bhd.  | 4464100 | 14682815 |
|  |  | **51290740** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Mexico 3.7%** | **Mexico 3.7%** | **Mexico 3.7%** |
| Alfa SAB de CV, A Shares  | 22128339 | 17275293 |
| America Movil SAB de CV, Series B  | 51212751 | 43253478 |
| Cemex SAB de CV, Series CPO  | 37476167 | 25645857 |
| Controladora Alpek SAB de CV \* | 21888501 | 3552962 |
| Fibra Uno Administracion SA de CV  | 3934090 | 5532377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fomento Economico Mexicano SAB de <br> CV <br>| 3091050 | 32868091 |
| Grupo Bimbo SAB de CV, Series A  | 2346031 | 6553558 |
| Grupo Comercial Chedraui SA de CV  | 453837 | 3281817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Grupo Financiero Banorte SAB de CV, <br> O Shares <br>| 3713130 | 32807032 |
| Grupo Mexico SAB de CV, Series B  | 5224004 | 28626228 |
| Grupo Televisa SAB, Series CPO  | 27425994 | 10599555 |
| Nemak SAB de CV \* | 39651674 | 6436297 |
| Orbia Advance Corp. SAB de CV  | 9565580 | 6496668 |
| Wal-Mart de Mexico SAB de CV  | 6999039 | 22974275 |
|  |  | **245903488** |
| **Qatar 0.8%** | **Qatar 0.8%** | **Qatar 0.8%** |
| Industries Qatar QSC  | 1585261 | 5159391 |
| Ooredoo QPSC  | 2558064 | 8676762 |
| Qatar Fuel QSC  | 2317197 | 9546266 |
| Qatar Islamic Bank QPSC  | 1351984 | 7834898 |
| Qatar National Bank QPSC  | 5272388 | 24544624 |
|  |  | **55761941** |
| **Russia 0.0%** | **Russia 0.0%** | **Russia 0.0%** |
| Alrosa PJSC \**(b)(c)* | 49456 | 0 |
| Federal Grid Co-Rosseti PJSC \**(b)(c)* | 19817058 | 0 |
| Gazprom PJSC \**(b)(c)* | 197560 | 0 |
| GMK Norilskiy Nickel PAO \**(b)(c)* | 54400 | 0 |
| Inter RAO UES PJSC \**(b)(c)* | 1590272 | 0 |
| LUKOIL PJSC \**(b)(c)* | 15008 | 0 |
| Magnit PJSC \**(b)(c)* | 2064 | 0 |
| Mobile TeleSystems PJSC \**(b)(c)* | 26384 | 0 |
| Novatek PJSC \**(b)(c)* | 5557 | 0 |
| Novolipetsk Steel PJSC \**(b)(c)* | 21760 | 0 |
| Rosneft Oil Co. PJSC \**(b)(c)* | 28418 | 0 |
| Sberbank of Russia PJSC \**(b)(c)* | 90000 | 0 |
| Severstal PAO \**(b)(c)* | 3392 | 0 |
| Sistema AFK PAO \**(b)(c)* | 127904 | 0 |
| Tatneft PJSC \**(b)(c)* | 45568 | 0 |
|  |  | **0** |
| **Saudi Arabia 2.1%** | **Saudi Arabia 2.1%** | **Saudi Arabia 2.1%** |
| Al Rajhi Bank  | 499303 | 12124399 |
| Riyad Bank  | 966614 | 7484743 |
| Saudi Arabian Mining Co. \* | 137161 | 1864569 |
| Saudi Arabian Oil Co.  | 5516008 | 36757214 |
| Saudi Basic Industries Corp.  | 2009153 | 29829494 |
| Saudi Electricity Co.  | 2331522 | 8799955 |
| Saudi National Bank  | 1390000 | 12856477 |
| Saudi Telecom Co.  | 2461225 | 27487993 |
|  |  | **137204844** |
| **South Africa 4.5%** | **South Africa 4.5%** | **South Africa 4.5%** |
| Absa Group Ltd.  | 1800877 | 17285228 |
| Bid Corp. Ltd.  | 446468 | 11776915 |
| Bidvest Group Ltd.  | 540770 | 7294817 |
| Exxaro Resources Ltd.  | 517687 | 4214315 |
| FirstRand Ltd.  | 6098405 | 25163625 |
| Gold Fields Ltd.  | 810460 | 18193441 |
| Impala Platinum Holdings Ltd. \* | 3995602 | 28570518 |

---

**62**

------

Schwab Fundamental Emerging Markets Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| MTN Group Ltd.  | 6158138 | 42628672 |
| Naspers Ltd., N Shares  | 25807 | 7379937 |
| Nedbank Group Ltd.  | 962516 | 13618875 |
| Old Mutual Ltd.  | 8797482 | 5685539 |
| Sanlam Ltd.  | 2027100 | 9948310 |
| Sappi Ltd.  | 2886783 | 5520178 |
| Sasol Ltd. \* | 3538705 | 15916579 |
| Shoprite Holdings Ltd.  | 746367 | 12069590 |
| Sibanye Stillwater Ltd. \* | 19369624 | 29412437 |
| Standard Bank Group Ltd.  | 2081859 | 26890367 |
| Valterra Platinum Ltd. *(a)* | 243827 | 9515701 |
| Vodacom Group Ltd.  | 1341880 | 10237896 |
|  |  | **301322940** |
| **Taiwan 18.2%** | **Taiwan 18.2%** | **Taiwan 18.2%** |
| Acer, Inc.  | 6920470 | 8013091 |
| ASE Technology Holding Co. Ltd.  | 6838000 | 31487862 |
| Asia Cement Corp.  | 3517000 | 4911372 |
| Asustek Computer, Inc.  | 1229100 | 25633165 |
| AUO Corp. \* | 32697496 | 14020149 |
| Catcher Technology Co. Ltd.  | 1301000 | 9116572 |
| Cathay Financial Holding Co. Ltd.  | 8839994 | 17639576 |
| Chailease Holding Co. Ltd.  | 1854514 | 7518676 |
| China Steel Corp.  | 32553088 | 21453309 |
| Chunghwa Telecom Co. Ltd.  | 5163764 | 22313677 |
| Compal Electronics, Inc.  | 20208000 | 19420071 |
| CTBC Financial Holding Co. Ltd.  | 15618809 | 21289966 |
| Delta Electronics, Inc.  | 1401696 | 17492844 |
| E.Sun Financial Holding Co. Ltd.  | 5910792 | 5877558 |
| Eva Airways Corp.  | 1478000 | 2014659 |
| Evergreen Marine Corp. Taiwan Ltd.  | 7878000 | 64273187 |
| Far Eastern New Century Corp.  | 7836061 | 8576432 |
| &nbsp;&nbsp;&nbsp;&nbsp; Far EasTone Telecommunications Co. <br> Ltd. <br>| 1867000 | 5388842 |
| First Financial Holding Co. Ltd.  | 9080959 | 8196604 |
| Formosa Chemicals & Fibre Corp.  | 13118882 | 10484249 |
| Formosa Petrochemical Corp.  | 2764704 | 3505639 |
| Formosa Plastics Corp.  | 13204476 | 15289231 |
| Fubon Financial Holding Co. Ltd.  | 8794926 | 23360399 |
| Hon Hai Precision Industry Co. Ltd.  | 31123928 | 162014541 |
| Innolux Corp.  | 42277444 | 17210899 |
| Inventec Corp.  | 5774646 | 8121906 |
| KGI Financial Holding Co. Ltd.  | 19114000 | 11033992 |
| Largan Precision Co. Ltd.  | 79200 | 6118024 |
| Lite-On Technology Corp., ADR  | 3028229 | 10256277 |
| MediaTek, Inc.  | 1175046 | 49403806 |
| Mega Financial Holding Co. Ltd.  | 7499788 | 9922639 |
| Micro-Star International Co. Ltd.  | 1454000 | 6913759 |
| Nan Ya Plastics Corp.  | 14956588 | 14298555 |
| Novatek Microelectronics Corp.  | 743000 | 12793033 |
| Pegatron Corp.  | 8330234 | 23321375 |
| Pou Chen Corp.  | 8359000 | 8702498 |
| Powertech Technology, Inc.  | 1753000 | 6843886 |
| Quanta Computer, Inc. \* | 2502058 | 22667426 |
| Realtek Semiconductor Corp.  | 107000 | 1931595 |
| Synnex Technology International Corp.  | 4106178 | 9755572 |
| Taishin Financial Holding Co. Ltd.  | 3393000 | 1941704 |
| Taiwan Mobile Co. Ltd.  | 2521530 | 9591886 |
| &nbsp;&nbsp;&nbsp;&nbsp; Taiwan Semiconductor Manufacturing <br> Co. Ltd. <br>| 8817352 | 284511383 |
| TCC Group Holdings Co. Ltd.  | 12066760 | 11817722 |
| Unimicron Technology Corp.  | 449000 | 1588134 |
| Uni-President Enterprises Corp.  | 7408796 | 19678668 |
| United Microelectronics Corp.  | 18940931 | 29547309 |
| Wan Hai Lines Ltd.  | 4301000 | 15499875 |
| Wistron Corp.  | 5262934 | 20459209 |
| WPG Holdings Ltd.  | 5773880 | 13563614 |
| WT Microelectronics Co. Ltd.  | 542000 | 2242621 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Yageo Corp.  | 457188 | 7475253 |
| Yang Ming Marine Transport Corp.  | 12989000 | 34500372 |
| Yuanta Financial Holding Co. Ltd.  | 11002396 | 11509589 |
| Zhen Ding Technology Holding Ltd.  | 1878000 | 6454577 |
|  |  | **1218968829** |
| **Thailand 2.8%** | **Thailand 2.8%** | **Thailand 2.8%** |
| Advanced Info Service PCL NVDR  | 1101100 | 9593012 |
| Bangkok Bank PCL NVDR  | 3619900 | 15603255 |
| Banpu PCL NVDR  | 61709300 | 8722295 |
| Charoen Pokphand Foods PCL NVDR  | 15495100 | 11564388 |
| CP ALL PCL NVDR  | 5771700 | 8263495 |
| Kasikornbank PCL NVDR  | 4961700 | 23276271 |
| &nbsp;&nbsp;&nbsp;&nbsp; PTT Exploration & Production PCL <br> NVDR <br>| 2749300 | 8207491 |
| PTT Global Chemical PCL NVDR  | 15050200 | 9536034 |
| PTT PCL NVDR  | 60230500 | 54584034 |
| SCB X PCL NVDR  | 5109400 | 18443802 |
| Siam Cement PCL NVDR  | 2998500 | 15162623 |
| Thai Oil PCL NVDR  | 6192787 | 5612228 |
|  |  | **188568928** |
| **Turkey 1.2%** | **Turkey 1.2%** | **Turkey 1.2%** |
| Akbank TAS  | 7308168 | 9488648 |
| BIM Birlesik Magazalar AS  | 616783 | 7481540 |
| Eregli Demir ve Celik Fabrikalari TAS  | 17484859 | 10444109 |
| Haci Omer Sabanci Holding AS  | 3270577 | 6442516 |
| KOC Holding AS  | 2932702 | 10589840 |
| Turk Hava Yollari AO \* | 1477538 | 10288462 |
| Turkcell Iletisim Hizmetleri AS  | 2648828 | 6402399 |
| Turkiye Is Bankasi AS, Class C  | 22034140 | 6036097 |
| Turkiye Petrol Rafinerileri AS  | 2773848 | 8765082 |
| Yapi ve Kredi Bankasi AS \* | 9875660 | 6407316 |
|  |  | **82346009** |
| **United Arab Emirates 0.7%** | **United Arab Emirates 0.7%** | **United Arab Emirates 0.7%** |
| Dubai Electricity & Water Authority PJSC  | 2337249 | 1737187 |
| Emaar Properties PJSC  | 4660821 | 16686577 |
| Emirates NBD Bank PJSC  | 1869094 | 11398776 |
| &nbsp;&nbsp;&nbsp;&nbsp; Emirates Telecommunications Group Co. <br> PJSC <br>| 1277264 | 5974243 |
| First Abu Dhabi Bank PJSC  | 2472862 | 10839390 |
|  |  | **46636173** |
| **United States 0.3%** | **United States 0.3%** | **United States 0.3%** |
| Yum China Holdings, Inc.  | 474849 | **20727159** |
| **Total Common Stocks**<br> **(Cost $5,028,907,615)** | **Total Common Stocks**<br> **(Cost $5,028,907,615)** | **6379254568** |
| **PREFERRED STOCKS** 4.0% OF NET ASSETS | **PREFERRED STOCKS** 4.0% OF NET ASSETS | **PREFERRED STOCKS** 4.0% OF NET ASSETS |
| **Brazil 3.7%** | **Brazil 3.7%** | **Brazil 3.7%** |
| Banco Bradesco SA  | 12489295 | 35297420 |
| &nbsp;&nbsp;&nbsp;&nbsp; Centrais Eletricas Brasileiras SA, <br> B Shares <br>| 251567 | 2061409 |
| Cia Energetica de Minas Gerais  | 3800899 | 7187960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cia Paranaense de Energia - Copel, <br> B Shares <br>| 2470298 | 5460294 |
| Gerdau SA  | 7036130 | 18719478 |
| Itau Unibanco Holding SA  | 7974819 | 52075169 |
| Metalurgica Gerdau SA  | 7545916 | 11005462 |

---

**63**

------

Schwab Fundamental Emerging Markets Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Petroleo Brasileiro SA - Petrobras  | 20498030 | 110499582 |
| Raizen SA  | 12973863 | 4390976 |
|  |  | **246697750** |
| **Chile 0.1%** | **Chile 0.1%** | **Chile 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sociedad Quimica y Minera de Chile SA, <br> B Shares \*<br>| 287509 | **8597303** |
| **Colombia 0.2%** | **Colombia 0.2%** | **Colombia 0.2%** |
| Grupo Cibest SA  | 1045232 | **10746092** |
| **Russia 0.0%** | **Russia 0.0%** | **Russia 0.0%** |
| Surgutneftegas PAO \**(b)(c)* | 265800 | 0 |
| Tatneft PJSC \**(b)(c)* | 4870 | 0 |
| Transneft PJSC \**(b)(c)* | 11600 | 0 |
|  |  | **0** |
| **Total Preferred Stocks**<br> **(Cost $239,338,751)** | **Total Preferred Stocks**<br> **(Cost $239,338,751)** | **266041145** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 1.0% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 1.0% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 1.0% OF NET ASSETS |
| **Money Market Funds 1.0%** | **Money Market Funds 1.0%** | **Money Market Funds 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(d)*<br>| 33928898 | 33928898 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 4.27% *(d)(e)*<br>| 30059139 | 30059139 |
|  |  | **63988037** |
| **Total Short-Term Investments**<br> **(Cost $63,988,037)** | **Total Short-Term Investments**<br> **(Cost $63,988,037)** | **63988037** |
| **Total Investments in Securities**<br> **(Cost $5,332,234,403)** | **Total Investments in Securities**<br> **(Cost $5,332,234,403)** | **6709283750** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; MSCI Emerging Markets Index, <br> expires 06/20/25<br>| 664 | 38156760 | **256898** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $27,534,189. 

*(b)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(c)* Trading in Russian securities listed on the Moscow Exchange, Russian ADRs, and Russian GDRs are subject to trade restrictions; and therefore, the ability of the fund to buy these securities is currently not permitted, and the ability of the fund to sell these securities is uncertain. 

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

ADR — American Depositary Receipt <br> GDR — Global Depositary Receipt <br> NVDR — Non-Voting Depositary Receipt

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

The following is a summary of the inputs used to value the fund's investments as of May 31, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $6379254568 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $6379254568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Russia |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 0 |
| Preferred Stocks<sup>1</sup> <br>| 266041145 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 266041145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Russia |  | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 0 |
| Short-Term Investments<sup>1</sup> <br>| 63988037 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 63988037 |
| Futures Contracts<sup>2</sup> <br>| 256898 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 256898 |
| **Total** | **$6709540648** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$6709540648** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at May 31, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**64**

------

Schwab Fundamental Index ETFs

**Notes to Portfolio Holdings (Unaudited)** 

------

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Trustees (the Board) has designated authority to a Valuation Designee, the funds' investment adviser, to make fair valuation determinations under adopted procedures, subject to Board oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities held in the funds' portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities traded on an exchange or over-the-counter:** Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at the mean of the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

&nbsp;&nbsp;&nbsp;&nbsp;● **Futures contracts:** Futures contracts are valued at their settlement prices as of the close of their exchanges.

&nbsp;&nbsp;&nbsp;&nbsp;● **Mutual funds:** Mutual funds are valued at their respective net asset values (NAVs).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities for which no quoted value is available:** The Valuation Designee has adopted procedures to fair value a fund's securities when market prices are not "readily available" or are unreliable. For example, a security may be fair valued when it's de-listed or its trading is halted or suspended; when a security's primary pricing source is unable or unwilling to provide a price; or when a security's primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the funds disclose the fair value of their investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee's judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 1 — quoted prices in active markets for identical investments — Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds (ETFs) and futures contracts. Mutual funds and ETFs are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2 or Level 3 in the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include forward foreign currency exchange contracts, U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. In the event that international securities whose foreign exchanges have halted or suspended trading prior to the normal exchange close, the Valuation Designee may fair value securities whose prices may have been affected by those events. The Valuation Designee seeks to establish prices that investors might expect to realize upon the current sales of these securities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 3 — significant unobservable inputs (including the Valuation Designee's assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending

**65**

------

Schwab Fundamental Index ETFs

**Notes to Portfolio Holdings (Unaudited) (continued)**

------

third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund's results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The levels associated with valuing the funds' investments as of May 31, 2025, are disclosed in each fund's Portfolio Holdings.

REG89447MAY25

**66**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SCHWAB STRATEGIC TRUST

- **b. Investment Company Act file number:** 811-22311

- **c. CIK number of Registrant:** 0001454889

- **d. LEI of Registrant:** 549300NAZEQOIX80E226

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

  - **Street Address 1:** 211 MAIN STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-648-5300

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

- **a. Name of Series:** Schwab Fundamental International Small Equity ETF

- **b. EDGAR series identifier (if any):** S000040880

- **c. LEI of Series:** 5493007DE85B48NURI65

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

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

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2948311632.23

**Total Liabilities:** $64431878.98

**Net Assets:** $2883879753.25

**Cash Not Reported:** $2953664.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000126718 | 1.09%                | 5.65%                | 5.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $48025128.09             | $-33727062.36                              |
| Month 2  | $132688304.42            | $21872100.34                               |
| Month 3  | $10393881.71             | $125245639.59                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nagoya Railroad Co Ltd                                       | Nagoya Railroad Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800P62OOYUY3I8T51 | Long             | EC               | CORP              | JP        |     75935 | NS      | $856995.37    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Enterprises Ltd                               | Domino's Pizza Enterprises Ltd                               | CUSIP: 000000000<br>LEI: 54930034RFI409JZ3179 | Long             | EC               | CORP              | AU        |     50208 | NS      | $757378.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Betsson AB                                                   | Betsson AB                                                   | CUSIP: 000000000<br>LEI: 549300W61XW8OFGBG077 | Long             | EC               | CORP              | SE        |    101525 | NS      | $1960748.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LondonMetric Property PLC                                    | LondonMetric Property PLC                                    | CUSIP: 000000000<br>LEI: 213800OCERWWPQDURL87 | Long             | EC               |  | GB        |    253480 | NS      | $687763.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Uchida Yoko Co Ltd                                           | Uchida Yoko Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15819 | NS      | $987762.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha General Insurance Co Ltd                              | Hanwha General Insurance Co Ltd                              | CUSIP: 000000000<br>LEI: 9884009N7RORLEXZUF33 | Long             | EC               | CORP              | KR        |    171032 | NS      | $567751.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay Pacific Airways Ltd                                   | Cathay Pacific Airways Ltd                                   | CUSIP: 000000000<br>LEI: EQNZNT235RBOJ6LJQZ02 | Long             | EC               | CORP              | HK        |   1122365 | NS      | $1511458.12   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Celltrion Inc                                                | Celltrion Inc                                                | CUSIP: 000000000<br>LEI: 988400JFZG785WJX3D68 | Long             | EC               | CORP              | KR        |     19318 | NS      | $2254256.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Serica Energy PLC                                            | Serica Energy PLC                                            | CUSIP: 000000000<br>LEI: 213800EZZOKA815VC426 | Long             | EC               | CORP              | GB        |    423373 | NS      | $875821.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitec Co Ltd                                               | Fujitec Co Ltd                                               | CUSIP: 000000000<br>LEI: 353800YTI2P5MIZAV086 | Long             | EC               | CORP              | JP        |     45847 | NS      | $1830130.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| China Gold International Resources Corp Ltd                  | China Gold International Resources Corp Ltd                  | CUSIP: 16890P103<br>LEI: 529900936ZPAXB0LZD87 | Long             | EC               | CORP              | CA        |    200896 | NS      | $1543570.34   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HelloFresh SE                                                | HelloFresh SE                                                | CUSIP: 000000000<br>LEI: 391200ZAF4V6XD2M9G57 | Long             | EC               | CORP              | DE        |    392575 | NS      | $4659489.19   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                                | On Holding AG                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |      3726 | NS      | $221287.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nankai Electric Railway Co Ltd                               | Nankai Electric Railway Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    121604 | NS      | $1839292.63   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisshin Oillio Group Ltd/The                                 | Nisshin Oillio Group Ltd/The                                 | CUSIP: 000000000<br>LEI: 549300DMFXTY70ZEGQ59 | Long             | EC               | CORP              | JP        |     64198 | NS      | $2151130.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Healthcare Ltd                                         | Ryman Healthcare Ltd                                         | CUSIP: 000000000<br>LEI: 529900UR74KKRFG56I57 | Long             | EC               | CORP              | NZ        |    229876 | NS      | $288219.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Orphan Biovitrum AB                                  | Swedish Orphan Biovitrum AB                                  | CUSIP: 000000000<br>LEI: 549300124Y3MQI87PT35 | Long             | EC               | CORP              | SE        |     59170 | NS      | $1806219.08   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Harvey Norman Holdings Ltd                                   | Harvey Norman Holdings Ltd                                   | CUSIP: 000000000<br>LEI: 529900ONRWOF42PYKU59 | Long             | EC               | CORP              | AU        |    705269 | NS      | $2378309.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Macau Ltd                                               | Wynn Macau Ltd                                               | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | EC               | CORP              | KY        |    584111 | NS      | $393303.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantage Energy Ltd                                         | Advantage Energy Ltd                                         | CUSIP: 00791P107<br>LEI: 549300WK5YRPOB2DTT64 | Long             | EC               | CORP              | CA        |    142146 | NS      | $1155818.23   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Starts Corp Inc                                              | Starts Corp Inc                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     53374 | NS      | $1568354.83   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Foods PLC                                            | Premier Foods PLC                                            | CUSIP: 000000000<br>LEI: 213800ZD5I8XHNMCJA67 | Long             | EC               | CORP              | GB        |    525133 | NS      | $1472990.07   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                                                | Nemetschek SE                                                | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |      6757 | NS      | $938149.41    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Almirall SA                                                  | Almirall SA                                                  | CUSIP: 000000000<br>LEI: 95980020140005007996 | Long             | EC               | CORP              | ES        |     50375 | NS      | $638220.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LISI SA                                                      | LISI SA                                                      | CUSIP: 000000000<br>LEI: 969500UU4O58BR802Y55 | Long             | EC               | CORP              | FR        |     19362 | NS      | $717670.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuyo General Lease Co Ltd                                    | Fuyo General Lease Co Ltd                                    | CUSIP: 000000000<br>LEI: 353800IE82QJT7UQJK58 | Long             | EC               | CORP              | JP        |     56698 | NS      | $1567795.28   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IDP Education Ltd                                            | IDP Education Ltd                                            | CUSIP: 000000000<br>LEI: 98450014FAFE73Q0A257 | Long             | EC               | CORP              | AU        |     71288 | NS      | $357843.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oesterreichische Post AG                                     | Oesterreichische Post AG                                     | CUSIP: 000000000<br>LEI: 529900MVUWACNUTK8467 | Long             | EC               | CORP              | AT        |     32914 | NS      | $1122837.15   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Elecom Co Ltd                                                | Elecom Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800BXFUVR7EPC0G35 | Long             | EC               | CORP              | JP        |     69580 | NS      | $826984.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KG DONGBUSTEEL                                               | KG DONGBUSTEEL                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    123562 | NS      | $566896.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kusuri no Aoki Holdings Co Ltd                               | Kusuri no Aoki Holdings Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     51678 | NS      | $1266029.52   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO Inc                                                     | ZOZO Inc                                                     | CUSIP: 000000000<br>LEI: 549300GC7XPQMZA0OW13 | Long             | EC               | CORP              | JP        |    138087 | NS      | $1496712.07   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Elekta AB                                                    | Elekta AB                                                    | CUSIP: 000000000<br>LEI: 54930044O54BK617EP80 | Long             | EC               | CORP              | SE        |    303429 | NS      | $1595340.37   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BW LPG Ltd                                                   | BW LPG Ltd                                                   | CUSIP: 000000000<br>LEI: 5493006WBEME88YFDW23 | Long             | EC               | CORP              | SG        |    102247 | NS      | $1044771.47   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| St James's Place PLC                                         | St James's Place PLC                                         | CUSIP: 000000000<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |    320793 | NS      | $4821388.53   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| H Lundbeck A/S                                               | H Lundbeck A/S                                               | CUSIP: 000000000<br>LEI: 5493006R4KC2OI5D3470 | Long             | EC               | CORP              | DK        |    266764 | NS      | $1475357.27   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Just Group PLC                                               | Just Group PLC                                               | CUSIP: 000000000<br>LEI: 5493006456YEZEELRR90 | Long             | EC               | CORP              | GB        |    630594 | NS      | $1270479.34   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Square Enix Holdings Co Ltd                                  | Square Enix Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: 529900KCRNRDF8DIA489 | Long             | EC               | CORP              | JP        |     84105 | NS      | $5289531.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Attendo AB                                                   | Attendo AB                                                   | CUSIP: 000000000<br>LEI: 549300KEJDL2FNITUW65 | Long             | EC               | CORP              | SE        |    148951 | NS      | $955276.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MOS Food Services Inc                                        | MOS Food Services Inc                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18952 | NS      | $481368.59    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kerry Properties Ltd                                         | Kerry Properties Ltd                                         | CUSIP: 000000000<br>LEI: 5299006T5ULIIRZ7LK49 | Long             | EC               | CORP              | BM        |   1287995 | NS      | $3094519.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Biopharmaceutical Ltd                                   | Sino Biopharmaceutical Ltd                                   | CUSIP: 000000000<br>LEI: 529900LPR4ADFEJAR786 | Long             | EC               | CORP              | KY        |   8790479 | NS      | $4988507.57   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Zacros Corp                                                  | Zacros Corp                                                  | CUSIP: 000000000<br>LEI: 353800YWT7BBFCB5RN10 | Long             | EC               | CORP              | JP        |     25159 | NS      | $658201.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wacoal Holdings Corp                                         | Wacoal Holdings Corp                                         | CUSIP: 000000000<br>LEI: 3538002U6NJ8QTW6VR34 | Long             | EC               | CORP              | JP        |     55096 | NS      | $1890434.85   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Investment Holdings Co Ltd                             | Korea Investment Holdings Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     49777 | NS      | $3896438.36   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sparebanken Norge                                            | Sparebanken Norge                                            | CUSIP: 000000000<br>LEI: 213800M7T3CYVZ3ZRT12 | Long             | EC               | CORP              | NO        |     87874 | NS      | $1338259.14   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa Securities Living Investments Corp                     | Daiwa Securities Living Investments Corp                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1058 | NS      | $689960.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Networks Co Ltd                                           | SK Networks Co Ltd                                           | CUSIP: 000000000<br>LEI: 988400WX6GOIPU4EMN09 | Long             | EC               | CORP              | KR        |    536130 | NS      | $1606796.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seoul Semiconductor Co Ltd                                   | Seoul Semiconductor Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     77800 | NS      | $370476.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| REN - Redes Energeticas Nacionais SGPS SA                    | REN - Redes Energeticas Nacionais SGPS SA                    | CUSIP: 000000000<br>LEI: 549300FR1FN48IGHR915 | Long             | EC               | CORP              | PT        |    535221 | NS      | $1786372.84   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seoyon E-Hwa Co Ltd                                          | Seoyon E-Hwa Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     40125 | NS      | $333575.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amano Corp                                                   | Amano Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     62420 | NS      | $1844114.21   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Weir Group PLC/The                                           | Weir Group PLC/The                                           | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    132508 | NS      | $4335109.48   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TGS ASA                                                      | TGS ASA                                                      | CUSIP: 000000000<br>LEI: 549300NUPLAXPB0WYH90 | Long             | EC               | CORP              | NO        |    219526 | NS      | $1804826.59   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Partner Communications Co Ltd                                | Partner Communications Co Ltd                                | CUSIP: 000000000<br>LEI: 529900P1P6RZ1NC37U33 | Long             | EC               | CORP              | IL        |    162137 | NS      | $1117264.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Basic-Fit NV                                                 | Basic-Fit NV                                                 | CUSIP: 000000000<br>LEI: 724500HUXGTQC07CAZ61 | Long             | EC               | CORP              | NL        |     32462 | NS      | $851292.65    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Aozora Bank Ltd                                              | Aozora Bank Ltd                                              | CUSIP: 000000000<br>LEI: X0XUGKC9FD2CYUQNC010 | Long             | EC               | CORP              | JP        |    117192 | NS      | $1702307.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| LEG Immobilien SE                                            | LEG Immobilien SE                                            | CUSIP: 000000000<br>LEI: 391200SO40AKONBO0Z96 | Long             | EC               | CORP              | DE        |     29614 | NS      | $2513042.89   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Yuhan Corp                                                   | Yuhan Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     15210 | NS      | $1149817.35   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigma Healthcare Ltd                                         | Sigma Healthcare Ltd                                         | CUSIP: 000000000<br>LEI: 529900BZSP3BK7GYAO50 | Long             | EC               | CORP              | AU        |   1029717 | NS      | $2067543.81   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Takashimaya Co Ltd                                           | Takashimaya Co Ltd                                           | CUSIP: 000000000<br>LEI: 353800IFO566STDN4V78 | Long             | EC               | CORP              | JP        |    439558 | NS      | $3513844.23   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Castellum AB                                                 | Castellum AB                                                 | CUSIP: 000000000<br>LEI: 549300GU5OHTR1T5IY68 | Long             | EC               | CORP              | SE        |    170318 | NS      | $2110145.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FleetPartners Group Ltd                                      | FleetPartners Group Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    343677 | NS      | $656884.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Power Corp                                           | Capital Power Corp                                           | CUSIP: 14042M102<br>LEI: 549300QRKTEXGXYVPO80 | Long             | EC               | CORP              | CA        |     69899 | NS      | $2797586.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nojima Corp                                                  | Nojima Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    158702 | NS      | $3027870.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Construcciones y Auxiliar de Ferrocarriles SA                | Construcciones y Auxiliar de Ferrocarriles SA                | CUSIP: 000000000<br>LEI: 95980020140005275134 | Long             | EC               | CORP              | ES        |     26100 | NS      | $1444464.12   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival PLC                                                 | Carnival PLC                                                 | CUSIP: 14365C103<br>LEI: 4DR1VPDQMHD3N3QW8W95 | Long             | EC               | CORP              | GB        |     54960 | NS      | $1149213.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                                     | Nova Ltd                                                     | CUSIP: 000000000<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |       684 | NS      | $146116.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Galderma Group AG                                            | Galderma Group AG                                            | CUSIP: 000000000<br>LEI: 89450001OK6O8ELQ4584 | Long             | EC               | CORP              | CH        |      2189 | NS      | $286964.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Victrex PLC                                                  | Victrex PLC                                                  | CUSIP: 000000000<br>LEI: 213800UYNPHAUNHPXL67 | Long             | EC               | CORP              | GB        |    103769 | NS      | $1099910.51   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Jupiter Fund Management PLC                                  | Jupiter Fund Management PLC                                  | CUSIP: 000000000<br>LEI: 5493003DJ1G01IMQ7S28 | Long             | EC               | CORP              | GB        |    854787 | NS      | $1048978.23   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FCC Co Ltd                                                   | FCC Co Ltd                                                   | CUSIP: 000000000<br>LEI: 529900JG0O5C2NAEHF11 | Long             | EC               | CORP              | JP        |     87543 | NS      | $1711485.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Comercial Portugues SA                                 | Banco Comercial Portugues SA                                 | CUSIP: 000000000<br>LEI: JU1U6S0DG9YLT7N8ZV32 | Long             | EC               | CORP              | PT        |   3867483 | NS      | $3011925.06   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nine Entertainment Co Holdings Ltd                           | Nine Entertainment Co Holdings Ltd                           | CUSIP: 000000000<br>LEI: 529900WLXD3X7TFOAI42 | Long             | EC               | CORP              | AU        |   2497489 | NS      | $2595723.06   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kandenko Co Ltd                                              | Kandenko Co Ltd                                              | CUSIP: 000000000<br>LEI: 35380080NSN7GCYZ3X14 | Long             | EC               | CORP              | JP        |    182676 | NS      | $3773282.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Jenoptik AG                                                  | Jenoptik AG                                                  | CUSIP: 000000000<br>LEI: 529900P34GDHGXK6VB37 | Long             | EC               | CORP              | DE        |     39895 | NS      | $875471.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NagaCorp Ltd                                                 | NagaCorp Ltd                                                 | CUSIP: 000000000<br>LEI: 549300MMNKN0RBJELS20 | Long             | EC               | CORP              | KY        |   1092614 | NS      | $518331.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Komeri Co Ltd                                                | Komeri Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     75160 | NS      | $1503252.09   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Catalana Occidente SA                                  | Grupo Catalana Occidente SA                                  | CUSIP: 000000000<br>LEI: 959800H2P9S8MS95DT42 | Long             | EC               | CORP              | ES        |     37179 | NS      | $2070276.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AEON REIT Investment Corp                                    | AEON REIT Investment Corp                                    | CUSIP: 000000000<br>LEI: 353800P59F8MJB4FE788 | Long             | EC               |  | JP        |      1151 | NS      | $997886.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TeamViewer SE                                                | TeamViewer SE                                                | CUSIP: 000000000<br>LEI: 3912000FZ0R0KEK9JS42 | Long             | EC               | CORP              | DE        |     50243 | NS      | $585213.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapletree Pan Asia Commercial Trust                          | Mapletree Pan Asia Commercial Trust                          | CUSIP: 000000000<br>LEI: 549300BF18K4IC5LZ208 | Long             | EC               |  | SG        |   1005863 | NS      | $920377.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bell Food Group AG                                           | Bell Food Group AG                                           | CUSIP: 000000000<br>LEI: 50670090YSFJ2732TD58 | Long             | EC               | CORP              | CH        |      4657 | NS      | $1485160.98   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Derwent London PLC                                           | Derwent London PLC                                           | CUSIP: 000000000<br>LEI: 213800BXKQ9KZNUR1M61 | Long             | EC               |  | GB        |     44431 | NS      | $1182171.13   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nolato AB                                                    | Nolato AB                                                    | CUSIP: 000000000<br>LEI: 213800T7T7I7WAOX8Y72 | Long             | EC               | CORP              | SE        |    128431 | NS      | $791583.01    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hokuetsu Corp                                                | Hokuetsu Corp                                                | CUSIP: 000000000<br>LEI: 549300CBTMD053ZJ7C79 | Long             | EC               | CORP              | JP        |    175461 | NS      | $1226931.97   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Saab AB                                                      | Saab AB                                                      | CUSIP: 000000000<br>LEI: 549300ZHO4JCQQI13M69 | Long             | EC               | CORP              | SE        |    106768 | NS      | $5386226.31   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TransAlta Corp                                               | TransAlta Corp                                               | CUSIP: 89346D107<br>LEI: 984500EE2ADD850F1C96 | Long             | EC               | CORP              | CA        |    253030 | NS      | $2467822.32   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyosung TNC Corp                                             | Hyosung TNC Corp                                             | CUSIP: 000000000<br>LEI: 988400BL3EUWYB39P076 | Long             | EC               | CORP              | KR        |      9664 | NS      | $1702074.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Communications Inc                                    | Cogeco Communications Inc                                    | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               | CORP              | CA        |     63030 | NS      | $3167659.19   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Colruyt Group N.V                                            | Colruyt Group N.V                                            | CUSIP: 000000000<br>LEI: 5493000O0NZ1BCXO8K39 | Long             | EC               | CORP              | BE        |     65835 | NS      | $2968641.21   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Orix JREIT Inc                                               | Orix JREIT Inc                                               | CUSIP: 000000000<br>LEI: 353800WVNTBIU65TA247 | Long             | EC               |  | JP        |      1480 | NS      | $1835961.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ADENTRA Inc                                                  | ADENTRA Inc                                                  | CUSIP: 00686A108<br>LEI: 254900S1MZ7WZBPR5U32 | Long             | EC               | CORP              | CA        |     20939 | NS      | $394428.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenzing AG                                                   | Lenzing AG                                                   | CUSIP: 000000000<br>LEI: 529900BKFJBI0QRDJH63 | Long             | EC               | CORP              | AT        |     39003 | NS      | $1168943.64   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Fluidra SA                                                   | Fluidra SA                                                   | CUSIP: 000000000<br>LEI: 95980020140005026620 | Long             | EC               | CORP              | ES        |     43285 | NS      | $1061409.10   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sienna Senior Living Inc                                     | Sienna Senior Living Inc                                     | CUSIP: 82621K102<br>LEI: 549300K3HNLZV4V5LL42 | Long             | EC               | CORP              | CA        |     57033 | NS      | $772358.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valiant Holding AG                                           | Valiant Holding AG                                           | CUSIP: 000000000<br>LEI: 529900R30EKFHO09CN42 | Long             | EC               | CORP              | CH        |      8606 | NS      | $1265418.78   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tachibana Eletech Co Ltd                                     | Tachibana Eletech Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40031 | NS      | $709375.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| 77 Bank Ltd/The                                              | 77 Bank Ltd/The                                              | CUSIP: 000000000<br>LEI: 549300U6CT3EHB9XS980 | Long             | EC               | CORP              | JP        |     35920 | NS      | $1212310.89   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IDOM Inc                                                     | IDOM Inc                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    143586 | NS      | $1021953.79   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumiai Chemical Industry Co Ltd                              | Kumiai Chemical Industry Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    146271 | NS      | $819064.89    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wihlborgs Fastigheter AB                                     | Wihlborgs Fastigheter AB                                     | CUSIP: 000000000<br>LEI: 549300RC1YDJPITF8X06 | Long             | EC               | CORP              | SE        |     93200 | NS      | $934915.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyushu Railway Co                                            | Kyushu Railway Co                                            | CUSIP: 000000000<br>LEI: 5299002CCI6HLWAN3K50 | Long             | EC               | CORP              | JP        |    138608 | NS      | $3718434.93   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PZ Cussons PLC                                               | PZ Cussons PLC                                               | CUSIP: 000000000<br>LEI: XB3CXKKKED7OMV80FY35 | Long             | EC               | CORP              | GB        |    546165 | NS      | $643728.11    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc                               | Kulicke & Soffa Industries Inc                               | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     51307 | NS      | $1649520.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tamarack Valley Energy Ltd                                   | Tamarack Valley Energy Ltd                                   | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |    305160 | NS      | $969889.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amundi SA                                                    | Amundi SA                                                    | CUSIP: 000000000<br>LEI: 96950010FL2T1TJKR531 | Long             | EC               | CORP              | FR        |     47871 | NS      | $3904729.06   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMMTECH Co Ltd                                              | SIMMTECH Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     51307 | NS      | $665276.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartGroup Corp Ltd                                          | SmartGroup Corp Ltd                                          | CUSIP: 000000000<br>LEI: 254900GHFZAMQGOYO431 | Long             | EC               | CORP              | AU        |     89686 | NS      | $420759.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Adastria Co Ltd                                              | Adastria Co Ltd                                              | CUSIP: 000000000<br>LEI: 353800DZZIJ399PIWU03 | Long             | EC               | CORP              | JP        |     43713 | NS      | $847631.41    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Indus Holding AG                                             | Indus Holding AG                                             | CUSIP: 000000000<br>LEI: 529900GE4O7ZOMRWR939 | Long             | EC               | CORP              | DE        |     52269 | NS      | $1302477.85   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Metro Co Ltd                                           | Tokyo Metro Co Ltd                                           | CUSIP: 000000000<br>LEI: 35380049N9IQPZ74JY58 | Long             | EC               | CORP              | JP        |     36050 | NS      | $454325.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of East Asia Ltd/The                                    | Bank of East Asia Ltd/The                                    | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | EC               | CORP              | HK        |   1480303 | NS      | $2084096.27   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirogin Holdings Inc                                         | Hirogin Holdings Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    152321 | NS      | $1318999.89   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Opmobility                                                   | Opmobility                                                   | CUSIP: 000000000<br>LEI: 9695001VLC2KYXX0DW73 | Long             | EC               | CORP              | FR        |    215133 | NS      | $2630355.02   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Paragon Banking Group PLC                                    | Paragon Banking Group PLC                                    | CUSIP: 000000000<br>LEI: 213800S1TDKIB1IUTS72 | Long             | EC               | CORP              | GB        |    128718 | NS      | $1568319.76   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemira Oyj                                                   | Kemira Oyj                                                   | CUSIP: 000000000<br>LEI: 74370031Y7RK5H88CQ48 | Long             | EC               | CORP              | FI        |    117350 | NS      | $2577838.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Azbil Corp                                                   | Azbil Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    404535 | NS      | $3563283.45   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotetsu Holdings Inc                                         | Sotetsu Holdings Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     96063 | NS      | $1433338.92   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplifon SpA                                                 | Amplifon SpA                                                 | CUSIP: 000000000<br>LEI: ZYXJDNVM2JI3VBM8G556 | Long             | EC               | CORP              | IT        |     43471 | NS      | $998359.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sakata Seed Corp                                             | Sakata Seed Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     31091 | NS      | $744443.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TORM PLC                                                     | TORM PLC                                                     | CUSIP: 000000000<br>LEI: 213800VL1H1ABVM1ZF63 | Long             | EC               | CORP              | GB        |     42122 | NS      | $704517.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Sesa SpA                                                     | Sesa SpA                                                     | CUSIP: 000000000<br>LEI: 81560005C031D4E76707 | Long             | EC               | CORP              | IT        |      6567 | NS      | $609834.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| SK Chemicals Co Ltd                                          | SK Chemicals Co Ltd                                          | CUSIP: 000000000<br>LEI: 9884001TC6YQYHDP1F43 | Long             | EC               | CORP              | KR        |     29121 | NS      | $1211528.16   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan Ocean Co Ltd                                             | Pan Ocean Co Ltd                                             | CUSIP: 000000000<br>LEI: 988400HGOJIHDWPIAT45 | Long             | EC               | CORP              | KR        |    630320 | NS      | $1692640.14   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Azelis Group NV                                              | Azelis Group NV                                              | CUSIP: 000000000<br>LEI: 699400M9RRMTV264FM70 | Long             | EC               | CORP              | BE        |     74699 | NS      | $1235566.06   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Parex Resources Inc                                          | Parex Resources Inc                                          | CUSIP: 69946Q104<br>LEI: 549300U7LWRGTY6XWK67 | Long             | EC               | CORP              | CA        |    283130 | NS      | $2794337.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury NZ Ltd                                               | Mercury NZ Ltd                                               | CUSIP: 000000000<br>LEI: 254900XLT925U953KK55 | Long             | EC               | CORP              | NZ        |    370847 | NS      | $1308557.62   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Strauss Group Ltd                                            | Strauss Group Ltd                                            | CUSIP: 000000000<br>LEI: 254900GBA9EK5FGVQA80 | Long             | EC               | CORP              | IL        |     46992 | NS      | $1145706.66   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NHK Spring Co Ltd                                            | NHK Spring Co Ltd                                            | CUSIP: 000000000<br>LEI: 35380033IJ3XRDV8VH57 | Long             | EC               | CORP              | JP        |     73861 | NS      | $820791.53    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Seiki Co Ltd                                          | Nippon Seiki Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    153498 | NS      | $1497800.92   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FDJ UNITED                                                   | FDJ UNITED                                                   | CUSIP: 000000000<br>LEI: 969500R4CLSQFTYYI535 | Long             | EC               | CORP              | FR        |     48267 | NS      | $1772074.41   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tv Tokyo Holdings Corp                                       | Tv Tokyo Holdings Corp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32988 | NS      | $818441.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NH Investment & Securities Co Ltd                            | NH Investment & Securities Co Ltd                            | CUSIP: 000000000<br>LEI: 549300LQ6NXDW1B8NT42 | Long             | EC               | CORP              | KR        |    134351 | NS      | $1678778.89   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HYBE Co Ltd                                                  | HYBE Co Ltd                                                  | CUSIP: 000000000<br>LEI: 988400NYDQI538IJ3K23 | Long             | EC               | CORP              | KR        |       968 | NS      | $186626.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitasoy International Holdings Ltd                           | Vitasoy International Holdings Ltd                           | CUSIP: 000000000<br>LEI: 5493003LPGHN62KWIZ77 | Long             | EC               | CORP              | HK        |    886258 | NS      | $1026228.57   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences                              | Chartwell Retirement Residences                              | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |    111868 | NS      | $1514137.59   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Asiana Airlines Inc                                          | Asiana Airlines Inc                                          | CUSIP: 000000000<br>LEI: 2138001V1YWXYBSZX565 | Long             | EC               | CORP              | KR        |    249483 | NS      | $1824515.09   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sankyo Co Ltd                                                | Sankyo Co Ltd                                                | CUSIP: 000000000<br>LEI: 3538009H2R9ZBZAOAK48 | Long             | EC               | CORP              | JP        |    116510 | NS      | $2032334.25   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Flight Centre Travel Group Ltd                               | Flight Centre Travel Group Ltd                               | CUSIP: 000000000<br>LEI: 254900BGNUI78EKEJY68 | Long             | EC               | CORP              | AU        |     60958 | NS      | $521360.27    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OSB Group PLC                                                | OSB Group PLC                                                | CUSIP: 000000000<br>LEI: 213800ZBKL9BHSL2K459 | Long             | EC               | CORP              | GB        |    423303 | NS      | $2788009.03   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Greggs PLC                                                   | Greggs PLC                                                   | CUSIP: 000000000<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |     64575 | NS      | $1797385.70   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sims Ltd                                                     | Sims Ltd                                                     | CUSIP: 000000000<br>LEI: 5493002YM7ZHVDMFC916 | Long             | EC               | CORP              | AU        |    105648 | NS      | $1029365.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China Medical System Holdings Ltd                            | China Medical System Holdings Ltd                            | CUSIP: 000000000<br>LEI: 529900Z57DVJXUBLHX66 | Long             | EC               | CORP              | KY        |   1816794 | NS      | $2483696.68   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Energean PLC                                                 | Energean PLC                                                 | CUSIP: 000000000<br>LEI: 549300RVMKU0CYUZBB05 | Long             | EC               | CORP              | GB        |     22534 | NS      | $279115.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TSI Holdings Co Ltd                                          | TSI Holdings Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28689 | NS      | $217908.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Elders Ltd                                                   | Elders Ltd                                                   | CUSIP: 000000000<br>LEI: 254900Y0SQG962QL6549 | Long             | EC               | CORP              | AU        |    253949 | NS      | $1029601.82   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Swire Properties Ltd                                         | Swire Properties Ltd                                         | CUSIP: 000000000<br>LEI: 5299001L12PHYVQ92465 | Long             | EC               | CORP              | HK        |    708398 | NS      | $1553831.27   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shangri-La Asia Ltd                                          | Shangri-La Asia Ltd                                          | CUSIP: 000000000<br>LEI: 529900FVJ8C1OTM8OL03 | Long             | EC               | CORP              | BM        |    759922 | NS      | $425433.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group SpA                                          | Interpump Group SpA                                          | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |     42592 | NS      | $1660427.65   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| REA Group Ltd                                                | REA Group Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      5700 | NS      | $879312.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SpareBank 1 Sor-Norge ASA                                    | SpareBank 1 Sor-Norge ASA                                    | CUSIP: 000000000<br>LEI: 549300Q3OIWRHQUQM052 | Long             | EC               | CORP              | NO        |    115362 | NS      | $2007542.57   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&S Austria Technologie & Systemtechnik AG                  | AT&S Austria Technologie & Systemtechnik AG                  | CUSIP: 000000000<br>LEI: 529900EVOKN4LCCD9321 | Long             | EC               | CORP              | AT        |     39785 | NS      | $766917.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| MIXI Inc                                                     | MIXI Inc                                                     | CUSIP: 000000000<br>LEI: 529900IL3THMH0SFYQ49 | Long             | EC               | CORP              | JP        |     62300 | NS      | $1439900.90   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon Parkerizing Co Ltd                                     | Nihon Parkerizing Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    143107 | NS      | $1232766.22   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Makino Milling Machine Co Ltd                                | Makino Milling Machine Co Ltd                                | CUSIP: 000000000<br>LEI: 353800JAOIGQ7V5T9078 | Long             | EC               | CORP              | JP        |     32140 | NS      | $2496894.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Corp                                                    | Lion Corp                                                    | CUSIP: 000000000<br>LEI: 529900MPGS2GM7VPG855 | Long             | EC               | CORP              | JP        |    340924 | NS      | $3692880.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX Ltd                                                      | ASX Ltd                                                      | CUSIP: 000000000<br>LEI: 549300VSBVYUCBIQKT71 | Long             | EC               | CORP              | AU        |     52913 | NS      | $2427918.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                                     | Rolls-Royce Holdings PLC                                     | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    409412 | NS      | $4782400.26   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Keisei Electric Railway Co Ltd                               | Keisei Electric Railway Co Ltd                               | CUSIP: 000000000<br>LEI: 529900VNP95IIHXPCY17 | Long             | EC               | CORP              | JP        |    200631 | NS      | $1925735.02   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Elco Ltd                                                     | Elco Ltd                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     18831 | NS      | $944452.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Close Brothers Group PLC                                     | Close Brothers Group PLC                                     | CUSIP: 000000000<br>LEI: 213800W73SYHR14I3X91 | Long             | EC               | CORP              | GB        |    526380 | NS      | $2368059.42   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Seiko Group Corp                                             | Seiko Group Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     37419 | NS      | $1060630.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruichi Steel Tube Ltd                                      | Maruichi Steel Tube Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     93423 | NS      | $2251164.43   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NHN Corp                                                     | NHN Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     62220 | NS      | $859544.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Petrochemical Ind Co Ltd                               | Korea Petrochemical Ind Co Ltd                               | CUSIP: 000000000<br>LEI: 988400L1F3Y7NBQU7K77 | Long             | EC               | CORP              | KR        |     16919 | NS      | $1012908.17   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MONY Group PLC                                               | MONY Group PLC                                               | CUSIP: 000000000<br>LEI: 54930016B7VO33FBE722 | Long             | EC               | CORP              | GB        |    453203 | NS      | $1277339.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Precision Drilling Corp                                      | Precision Drilling Corp                                      | CUSIP: 74022D407<br>LEI: 549300WF2OE8T5BP4B84 | Long             | EC               | CORP              | CA        |     21924 | NS      | $945716.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius Real Estate Ltd                                       | Sirius Real Estate Ltd                                       | CUSIP: 000000000<br>LEI: 213800NURUF5W8QSK566 | Long             | EC               |  | GG        |    418703 | NS      | $538386.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ACEA SpA                                                     | ACEA SpA                                                     | CUSIP: 000000000<br>LEI: 549300Q3448N041CTH56 | Long             | EC               | CORP              | IT        |     61552 | NS      | $1479993.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Seria Co Ltd                                                 | Seria Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     81900 | NS      | $1500700.65   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Evotec SE                                                    | Evotec SE                                                    | CUSIP: 000000000<br>LEI: 529900F9KI6OYITO9B12 | Long             | EC               | CORP              | DE        |     71102 | NS      | $561155.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cochlear Ltd                                                 | Cochlear Ltd                                                 | CUSIP: 000000000<br>LEI: 5493001OLLWY8KV5UC08 | Long             | EC               | CORP              | AU        |     11985 | NS      | $2094064.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sports Direct International PLC                              | Frasers Group PLC                                            | CUSIP: 000000000<br>LEI: 213800JEGHHEAXIJDX34 | Long             | EC               | CORP              | GB        |    163184 | NS      | $1610852.70   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Enagas SA                                                    | Enagas SA                                                    | CUSIP: 000000000<br>LEI: 213800OU3FQKGM4M2U23 | Long             | EC               | CORP              | ES        |     69039 | NS      | $1110203.79   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de L'Odet SE                                             | Cie de L'Odet SE                                             | CUSIP: 000000000<br>LEI: 9695005PEG4IL375U849 | Long             | EC               | CORP              | FR        |      1094 | NS      | $1815751.14   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bezeq The Israeli Telecommunication Corp Ltd                 | Bezeq The Israeli Telecommunication Corp Ltd                 | CUSIP: 000000000<br>LEI: 213800XCGZCFSWY9U863 | Long             | EC               | CORP              | IL        |   1994367 | NS      | $3109583.77   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HL Mando Co Ltd                                              | HL Mando Co Ltd                                              | CUSIP: 000000000<br>LEI: 988400P5GM9DGVVOJQ79 | Long             | EC               | CORP              | KR        |     78473 | NS      | $1916750.09   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobimo Holding AG                                            | Mobimo Holding AG                                            | CUSIP: 000000000<br>LEI: 50670018HN8O1GD3O385 | Long             | EC               | CORP              | CH        |      2720 | NS      | $1054494.55   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Excellent Inc                                          | Japan Excellent Inc                                          | CUSIP: 000000000<br>LEI: 35380015J62221TE0D86 | Long             | EC               |  | JP        |       808 | NS      | $732432.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                                                 | IAMGOLD Corp                                                 | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    284795 | NS      | $1947032.98   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chorus Ltd                                                   | Chorus Ltd                                                   | CUSIP: 000000000<br>LEI: R7NJHU48LTCIOB9BVU57 | Long             | EC               | CORP              | NZ        |    317201 | NS      | $1543486.22   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa AB SCA                                     | Svenska Cellulosa AB SCA                                     | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |     51358 | NS      | $693243.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnachip Semiconductor Corp                                 | Magnachip Semiconductor Corp                                 | CUSIP: 55933J203<br>LEI: 529900P54J1ATLRBUV29 | Long             | EC               | CORP              | US        |    113410 | NS      | $409410.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Izumi Co Ltd                                                 | Izumi Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    143144 | NS      | $3255820.42   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel Infrastructure Trust                                  | Keppel Infrastructure Trust                                  | CUSIP: 000000000<br>LEI: 254900BF7L1ZCMAZS467 | Long             | EC               | CORP              | SG        |   4334285 | NS      | $1310771.67   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kalmar Oyj                                                   | Kalmar Oyj                                                   | CUSIP: 000000000<br>LEI: 636700Z25ZQXLMZ3CY73 | Long             | EC               | CORP              | FI        |     20424 | NS      | $719240.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Real Estate Master Fund Inc                           | Nomura Real Estate Master Fund Inc                           | CUSIP: 000000000<br>LEI: 353800TNNZOQ1CPZE086 | Long             | EC               |  | JP        |      2390 | NS      | $2396708.13   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TKH Group NV                                                 | TKH Group NV                                                 | CUSIP: 000000000<br>LEI: 7245008G22FOV7TYYJ34 | Long             | EC               | CORP              | NL        |     50846 | NS      | $2194626.09   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Food Group PLC                                        | Hilton Food Group PLC                                        | CUSIP: 000000000<br>LEI: 213800JY7VJFS2OOX355 | Long             | EC               | CORP              | GB        |    136166 | NS      | $1595716.11   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Qube Holdings Ltd                                            | Qube Holdings Ltd                                            | CUSIP: 000000000<br>LEI: 391200RT2MUFEO3RFW25 | Long             | EC               | CORP              | AU        |    917171 | NS      | $2502640.19   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Land Securities Group PLC                                    | Land Securities Group PLC                                    | CUSIP: 000000000<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               |  | GB        |    405848 | NS      | $3464449.97   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| dormakaba Holding AG                                         | dormakaba Holding AG                                         | CUSIP: 000000000<br>LEI: 529900QMU5ZH99KMQK13 | Long             | EC               | CORP              | CH        |      2106 | NS      | $1876443.31   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Artience Co Ltd                                              | Artience Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     79085 | NS      | $1639851.14   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bystronic AG                                                 | Bystronic AG                                                 | CUSIP: 000000000<br>LEI: 529900OG85OX10GRW920 | Long             | EC               | CORP              | CH        |      2389 | NS      | $1003231.70   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Virbac SACA                                                  | Virbac SACA                                                  | CUSIP: 000000000<br>LEI: 969500QQ1X5XHG649644 | Long             | EC               | CORP              | FR        |      2378 | NS      | $898975.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Draegerwerk AG & Co KGaA                                     | Draegerwerk AG & Co KGaA                                     | CUSIP: 000000000<br>LEI: 5493005UFVHY0PPNKD75 | Long             | EP               | CORP              | DE        |     34468 | NS      | $2625610.11   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rightmove PLC                                                | Rightmove PLC                                                | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    167941 | NS      | $1687705.85   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IGO Ltd                                                      | IGO Ltd                                                      | CUSIP: 000000000<br>LEI: 2549005DZO8VGXM5QN07 | Long             | EC               | CORP              | AU        |    434415 | NS      | $1084722.83   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yurtec Corp                                                  | Yurtec Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     93337 | NS      | $1269763.55   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Leasing Co Ltd                                        | Mizuho Leasing Co Ltd                                        | CUSIP: 000000000<br>LEI: 353800O6EEA5GK30Z659 | Long             | EC               | CORP              | JP        |    130197 | NS      | $968165.09    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Brembo NV                                                    | Brembo NV                                                    | CUSIP: 000000000<br>LEI: 549300BLWVJN2BAT0A44 | Long             | EC               | CORP              | NL        |    164119 | NS      | $1501708.14   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Gas Ltd                                                   | SK Gas Ltd                                                   | CUSIP: 000000000<br>LEI: 5493005JC6AP53N4D383 | Long             | EC               | CORP              | KR        |      5384 | NS      | $829238.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RS GROUP PLC                                                 | RS GROUP PLC                                                 | CUSIP: 000000000<br>LEI: 549300KVXDURRKVW7R37 | Long             | EC               | CORP              | GB        |    279981 | NS      | $2150252.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FIT Hon Teng Ltd                                             | FIT Hon Teng Ltd                                             | CUSIP: 000000000<br>LEI: 3003001IDFNIKMGLFJ67 | Long             | EC               | CORP              | KY        |    506966 | NS      | $132535.06    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Monadelphous Group Ltd                                       | Monadelphous Group Ltd                                       | CUSIP: 000000000<br>LEI: 5299007YT51BCWZTYW93 | Long             | EC               | CORP              | AU        |    130368 | NS      | $1447245.96   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                                         | Straumann Holding AG                                         | CUSIP: 000000000<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     17745 | NS      | $2279818.33   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KLN Logistics Group Ltd                                      | KLN Logistics Group Ltd                                      | CUSIP: 000000000<br>LEI: 254900G739TFTQCVKO70 | Long             | EC               | CORP              | BM        |    987841 | NS      | $990165.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Prima Meat Packers Ltd                                       | Prima Meat Packers Ltd                                       | CUSIP: 000000000<br>LEI: 353800FLEUUL20RKCU14 | Long             | EC               | CORP              | JP        |    100385 | NS      | $1582701.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Skylark Holdings Co Ltd                                      | Skylark Holdings Co Ltd                                      | CUSIP: 000000000<br>LEI: 353800P64XSC0Q9CEB70 | Long             | EC               | CORP              | JP        |    181654 | NS      | $4007101.30   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmila SA                                                   | Carmila SA                                                   | CUSIP: 000000000<br>LEI: 222100P6D3QKU33LZQ72 | Long             | EC               |  | FR        |     52925 | NS      | $1121151.08   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Takara Holdings Inc                                          | Takara Holdings Inc                                          | CUSIP: 000000000<br>LEI: 3538001CXSU150WNEY98 | Long             | EC               | CORP              | JP        |    323481 | NS      | $2863903.65   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aica Kogyo Co Ltd                                            | Aica Kogyo Co Ltd                                            | CUSIP: 000000000<br>LEI: 353800I589BKZAOJD116 | Long             | EC               | CORP              | JP        |     83358 | NS      | $2102797.19   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SOITEC                                                       | SOITEC                                                       | CUSIP: 000000000<br>LEI: 969500ZR92SQCU9TST26 | Long             | EC               | CORP              | FR        |     11635 | NS      | $573519.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H.U. Group Holdings Inc                                      | H.U. Group Holdings Inc                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    159983 | NS      | $3435928.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rohto Pharmaceutical Co Ltd                                  | Rohto Pharmaceutical Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800Q1CW5OS81OUM12 | Long             | EC               | CORP              | JP        |    109738 | NS      | $1548781.57   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Clal Insurance Enterprises Holdings Ltd                      | Clal Insurance Enterprises Holdings Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     49950 | NS      | $1559895.15   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Properties Ltd                                     | Hang Lung Properties Ltd                                     | CUSIP: 000000000<br>LEI: 529900CIVTNMXQT59E61 | Long             | EC               | CORP              | HK        |   1910891 | NS      | $1510865.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Israel Corp Ltd                                              | Israel Corp Ltd                                              | CUSIP: 000000000<br>LEI: 213800VASRTF37M7LO42 | Long             | EC               | CORP              | IL        |     15622 | NS      | $4874175.87   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP Inc                                                      | BRP Inc                                                      | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |     36994 | NS      | $1626449.91   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilot Corp                                                   | Pilot Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     42777 | NS      | $1183449.07   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIQA Insurance Group AG                                     | UNIQA Insurance Group AG                                     | CUSIP: 000000000<br>LEI: 529900OOW8ELHOXWZP82 | Long             | EC               | CORP              | AT        |    133391 | NS      | $1850501.18   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Happinet Corp                                                | Happinet Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40824 | NS      | $1471186.11   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GrainCorp Ltd                                                | GrainCorp Ltd                                                | CUSIP: 000000000<br>LEI: 529900XVBL825SSW9081 | Long             | EC               | CORP              | AU        |    542034 | NS      | $2678983.22   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Millennium SA                                           | Bank Millennium SA                                           | CUSIP: 000000000<br>LEI: 259400OFDZ9KPZEO8K78 | Long             | EC               | CORP              | PL        |    104776 | NS      | $406842.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ship Healthcare Holdings Inc                                 | Ship Healthcare Holdings Inc                                 | CUSIP: 000000000<br>LEI: 353800BIFUE1L527TH13 | Long             | EC               | CORP              | JP        |    148493 | NS      | $1918229.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sembcorp Industries Ltd                                      | Sembcorp Industries Ltd                                      | CUSIP: 000000000<br>LEI: 254900J0FF14U6TPQM96 | Long             | EC               | CORP              | SG        |    534175 | NS      | $2742120.42   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke BAM Groep NV                                     | Koninklijke BAM Groep NV                                     | CUSIP: 000000000<br>LEI: 724500V38C5KTDY5BS93 | Long             | EC               | CORP              | NL        |    141821 | NS      | $1185782.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                                            | Pason Systems Inc                                            | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |     63132 | NS      | $555581.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotus Bakeries NV                                            | Lotus Bakeries NV                                            | CUSIP: 000000000<br>LEI: 5493004C0K34IFI67I03 | Long             | EC               | CORP              | BE        |        15 | NS      | $155131.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HKBN Ltd                                                     | HKBN Ltd                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   2872467 | NS      | $1813252.69   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Finance Group PLC                                       | Lion Finance Group PLC                                       | CUSIP: 000000000<br>LEI: 213800XKDG12NQG8VC53 | Long             | EC               | CORP              | GB        |     23308 | NS      | $2099658.41   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA                                 | Gaztransport Et Technigaz SA                                 | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |      8336 | NS      | $1549166.22   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakaku.com Inc                                               | Kakaku.com Inc                                               | CUSIP: 000000000<br>LEI: 353800KA15Y0DCPWYY65 | Long             | EC               | CORP              | JP        |     59349 | NS      | $1015096.38   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UT Group Co Ltd                                              | UT Group Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11140 | NS      | $194165.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bekaert SA                                                   | Bekaert SA                                                   | CUSIP: 000000000<br>LEI: 5493008SR6XZECH6BN71 | Long             | EC               | CORP              | BE        |     79951 | NS      | $3240289.01   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Morita Holdings Corp                                         | Morita Holdings Corp                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12299 | NS      | $181039.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LOTTE Fine Chemical Co Ltd                                   | LOTTE Fine Chemical Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     39156 | NS      | $1075605.13   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mandatum Oyj                                                 | Mandatum Oyj                                                 | CUSIP: 000000000<br>LEI: 743700OAJK6L28Y2NN56 | Long             | EC               | CORP              | FI        |    408669 | NS      | $2400433.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| BeOne Medicines Ltd                                          | BeOne Medicines Ltd                                          | CUSIP: 000000000<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |      9331 | NS      | $179086.47    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GN Store Nord AS                                             | GN Store Nord AS                                             | CUSIP: 000000000<br>LEI: 5493008U3H3W0NKPFL10 | Long             | EC               | CORP              | DK        |     95425 | NS      | $1396792.83   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyushu Financial Group Inc                                   | Kyushu Financial Group Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    213908 | NS      | $1085290.87   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippn Corp                                                   | Nippn Corp                                                   | CUSIP: 000000000<br>LEI: 353800V7HRZ1HQGJCW63 | Long             | EC               | CORP              | JP        |    132928 | NS      | $2009189.29   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Century Corp                                           | Tokyo Century Corp                                           | CUSIP: 000000000<br>LEI: 35380096ZLHOF84DXR74 | Long             | EC               | CORP              | JP        |    172486 | NS      | $1832503.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS International CDA Inc                                  | TELUS International CDA Inc                                  | CUSIP: 87975H100<br>LEI: 549300VLM68O3RZJ7X31 | Long             | EC               | CORP              | CA        |    165876 | NS      | $471708.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DeNA Co Ltd                                                  | DeNA Co Ltd                                                  | CUSIP: 000000000<br>LEI: 529900T9JQP7I5LDY154 | Long             | EC               | CORP              | JP        |     65873 | NS      | $1271625.78   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alleima AB                                                   | Alleima AB                                                   | CUSIP: 000000000<br>LEI: 529900EBHTYGLA6PGP77 | Long             | EC               | CORP              | SE        |    278440 | NS      | $2275653.70   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Harel Insurance Investments & Financial Services Ltd         | Harel Insurance Investments & Financial Services Ltd         | CUSIP: 000000000<br>LEI: 213800BDNN3W11SXXD60 | Long             | EC               | CORP              | IL        |    109060 | NS      | $2212717.28   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyoda Gosei Co Ltd                                          | Toyoda Gosei Co Ltd                                          | CUSIP: 000000000<br>LEI: 353800ZV4HXVM4DWPO50 | Long             | EC               | CORP              | JP        |    204584 | NS      | $3978396.37   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc                                         | Maple Leaf Foods Inc                                         | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |    103474 | NS      | $2052246.25   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DB HiTek Co Ltd                                              | DB HiTek Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     43162 | NS      | $1220060.88   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fagron                                                       | Fagron                                                       | CUSIP: 000000000<br>LEI: 549300TRKRUFK2RRG779 | Long             | EC               | CORP              | BE        |     37091 | NS      | $911628.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanyo Denki Co Ltd                                           | Sanyo Denki Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13812 | NS      | $973478.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Boseki Co Ltd                                          | Nitto Boseki Co Ltd                                          | CUSIP: 000000000<br>LEI: 3538005B13YMJ9BWQO82 | Long             | EC               | CORP              | JP        |     18843 | NS      | $679050.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hakuhodo DY Holdings Inc                                     | Hakuhodo DY Holdings Inc                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    130207 | NS      | $1022832.63   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KCC Glass Corp                                               | KCC Glass Corp                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     27233 | NS      | $605967.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Daou Technology Inc                                          | Daou Technology Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     85101 | NS      | $1656129.48   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kwang Dong Pharmaceutical Co Ltd                             | Kwang Dong Pharmaceutical Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    106428 | NS      | $427347.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Exchange Ltd                                       | Singapore Exchange Ltd                                       | CUSIP: 000000000<br>LEI: 549300IQ650PPXM76X03 | Long             | EC               | CORP              | SG        |    335231 | NS      | $3644493.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rami Levy Chain Stores Hashikma Marketing 2006 Ltd           | Rami Levy Chain Stores Hashikma Marketing 2006 Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      9617 | NS      | $804251.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Barco NV                                                     | Barco NV                                                     | CUSIP: 000000000<br>LEI: 549300N17QCD827TII61 | Long             | EC               | CORP              | BE        |     77167 | NS      | $1130089.81   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Poongsan Corp                                                | Poongsan Corp                                                | CUSIP: 000000000<br>LEI: 2549007P08ZD5QJS1369 | Long             | EC               | CORP              | KR        |     30972 | NS      | $1391798.22   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT UD REIT Investment Corp                                  | NTT UD REIT Investment Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |       806 | NS      | $733412.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House REIT Investment Corp                             | Daiwa House REIT Investment Corp                             | CUSIP: 000000000<br>LEI: 3538001FWU534P8JMO05 | Long             | EC               |  | JP        |      1043 | NS      | $1734056.62   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Corp                                                      | SL Corp                                                      | CUSIP: 000000000<br>LEI: 549300W7X9LRFVNUKN83 | Long             | EC               | CORP              | KR        |     28090 | NS      | $645396.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tate & Lyle PLC                                              | Tate & Lyle PLC                                              | CUSIP: 000000000<br>LEI: 2138008K14474WPKZ244 | Long             | EC               | CORP              | GB        |    442268 | NS      | $3298206.35   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Georg Fischer AG                                             | Georg Fischer AG                                             | CUSIP: 000000000<br>LEI: 529900CMRQYW4U1W2456 | Long             | EC               | CORP              | CH        |     46154 | NS      | $3690971.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NS United Kaiun Kaisha Ltd                                   | NS United Kaiun Kaisha Ltd                                   | CUSIP: 000000000<br>LEI: 353800MK2Y7X2PZGXN23 | Long             | EC               | CORP              | JP        |     22944 | NS      | $608204.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Calbee Inc                                                   | Calbee Inc                                                   | CUSIP: 000000000<br>LEI: 529900CIHZID6O8LJH81 | Long             | EC               | CORP              | JP        |    101132 | NS      | $1995025.73   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Steel Manufacturing Co Ltd                             | Tokyo Steel Manufacturing Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    136138 | NS      | $1453887.23   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon Kohden Corp                                            | Nihon Kohden Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    172547 | NS      | $2054970.85   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Light Metal Holdings Co Ltd                           | Nippon Light Metal Holdings Co Ltd                           | CUSIP: 000000000<br>LEI: 353800J9KCFJSF2CGT47 | Long             | EC               | CORP              | JP        |    302748 | NS      | $3403148.11   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NCSoft Corp                                                  | NCSoft Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     17353 | NS      | $1918049.21   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Senko Group Holdings Co Ltd                                  | Senko Group Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: 35380077MB9W0NB6BA14 | Long             | EC               | CORP              | JP        |    304393 | NS      | $3773928.94   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Tatemono Co Ltd                                        | Tokyo Tatemono Co Ltd                                        | CUSIP: 000000000<br>LEI: 529900RQA4JTW1869J86 | Long             | EC               | CORP              | JP        |    194632 | NS      | $3465190.12   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SWCC Corp                                                    | SWCC Corp                                                    | CUSIP: 000000000<br>LEI: 353800A7RNYOC4KL4T49 | Long             | EC               | CORP              | JP        |     33521 | NS      | $1626161.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GS P&L Co Ltd                                                | GS P&L Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     19343 | NS      | $424797.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujimi Inc                                                   | Fujimi Inc                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     24340 | NS      | $318472.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Steadfast Group Ltd                                          | Steadfast Group Ltd                                          | CUSIP: 000000000<br>LEI: 9845003B6BEAA12DBD91 | Long             | EC               | CORP              | AU        |    262579 | NS      | $973340.33    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                                                  | Italgas SpA                                                  | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |    505566 | NS      | $4149614.84   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortuna Mining Corp                                          | Fortuna Mining Corp                                          | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |    173445 | NS      | $1012955.63   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Stream Ltd                                           | Service Stream Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    153083 | NS      | $178807.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AOKI Holdings Inc                                            | AOKI Holdings Inc                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     80953 | NS      | $846024.63    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SeAH Besteel Holdings Corp                                   | SeAH Besteel Holdings Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     35517 | NS      | $602375.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Topcon Corp                                                  | Topcon Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    129398 | NS      | $2921644.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Popolare di Sondrio SPA                                | Banca Popolare di Sondrio SPA                                | CUSIP: 000000000<br>LEI: J48C8PCSJVUBR8KCW529 | Long             | EC               | CORP              | IT        |    206498 | NS      | $2784991.81   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lintec Corp                                                  | Lintec Corp                                                  | CUSIP: 000000000<br>LEI: 3538002YOJO0IAM1PD28 | Long             | EC               | CORP              | JP        |     81895 | NS      | $1627740.81   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartCentres Real Estate Investment Trust                    | SmartCentres Real Estate Investment Trust                    | CUSIP: 83179X108<br>LEI: 549300HKEP2IYWZ14H97 | Long             | EC               |  | CA        |     71712 | NS      | $1348756.19   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona SA                                                   | Acciona SA                                                   | CUSIP: 000000000<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |      5736 | NS      | $924675.01    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Remy Cointreau SA                                            | Remy Cointreau SA                                            | CUSIP: 000000000<br>LEI: 5493004V6A3Z027YT216 | Long             | EC               | CORP              | FR        |     16620 | NS      | $890185.65    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyu Construction Co Ltd                                    | Tokyu Construction Co Ltd                                    | CUSIP: 000000000<br>LEI: 529900AF5X5AZCMDF192 | Long             | EC               | CORP              | JP        |    179795 | NS      | $1136373.68   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Emmi AG                                                      | Emmi AG                                                      | CUSIP: 000000000<br>LEI: 529900Q53RBYJIVCMA08 | Long             | EC               | CORP              | CH        |      1653 | NS      | $1682074.13   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokai Corp/Gifu                                              | Tokai Corp/Gifu                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     51450 | NS      | $784791.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Monte dei Paschi di Siena SpA                          | Banca Monte dei Paschi di Siena SpA                          | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |    276190 | NS      | $2279784.13   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumho Tire Co Inc                                            | Kumho Tire Co Inc                                            | CUSIP: 000000000<br>LEI: 988400XUTAI2SOBDES17 | Long             | EC               | CORP              | KR        |    173154 | NS      | $557852.82    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Man Wah Holdings Ltd                                         | Man Wah Holdings Ltd                                         | CUSIP: 000000000<br>LEI: 52990005BW6K71UPKX41 | Long             | EC               | CORP              | BM        |   1838158 | NS      | $975156.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARB Corp Ltd                                                 | ARB Corp Ltd                                                 | CUSIP: 000000000<br>LEI: 98450097B6B8GE0BAE73 | Long             | EC               | CORP              | AU        |     30609 | NS      | $609863.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wacker Neuson SE                                             | Wacker Neuson SE                                             | CUSIP: 000000000<br>LEI: 529900RJL86244E1I652 | Long             | EC               | CORP              | DE        |     48556 | NS      | $1234760.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stillfront Group AB                                          | Stillfront Group AB                                          | CUSIP: 000000000<br>LEI: 529900SYKCO4GYBTIJ54 | Long             | EC               | CORP              | SE        |    635980 | NS      | $525406.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Altarea SCA                                                  | Altarea SCA                                                  | CUSIP: 000000000<br>LEI: 969500ICGCY1PD6OT783 | Long             | EC               |  | FR        |      3925 | NS      | $458062.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MTR Corp Ltd                                                 | MTR Corp Ltd                                                 | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | EC               | CORP              | HK        |    256726 | NS      | $897053.82    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Healthcare Group PLC                                   | Spire Healthcare Group PLC                                   | CUSIP: 000000000<br>LEI: 213800IBJPW3SE2RA350 | Long             | EC               | CORP              | GB        |    267087 | NS      | $697309.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Inabata & Co Ltd                                             | Inabata & Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    157492 | NS      | $3465380.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe LDC SADIR                                            | Societe LDC SADIR                                            | CUSIP: 000000000<br>LEI: 969500W6740M4US9ES57 | Long             | EC               | CORP              | FR        |      9132 | NS      | $870836.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris SA                                        | Aeroports de Paris SA                                        | CUSIP: 000000000<br>LEI: 969500PJMBSFHYC37989 | Long             | EC               | CORP              | FR        |     18656 | NS      | $2501267.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ProSiebenSat.1 Media SE                                      | ProSiebenSat.1 Media SE                                      | CUSIP: 000000000<br>LEI: 529900NY0WWQUKOMWQ37 | Long             | EC               | CORP              | DE        |    449836 | NS      | $3613035.97   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUENORD ASA                                                 | BLUENORD ASA                                                 | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGE3C16 | Long             | EC               | CORP              | NO        |      3022 | NS      | $174212.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INFRONEER Holdings Inc                                       | INFRONEER Holdings Inc                                       | CUSIP: 000000000<br>LEI: 353800G6TWA2W0MY9K16 | Long             | EC               | CORP              | JP        |    430216 | NS      | $3513701.49   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Krafton Inc                                                  | Krafton Inc                                                  | CUSIP: 000000000<br>LEI: 988400CE024EWSCICK17 | Long             | EC               | CORP              | KR        |      8334 | NS      | $2228923.68   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BKW AG                                                       | BKW AG                                                       | CUSIP: 000000000<br>LEI: 549300IE30SKTUO98Q38 | Long             | EC               | CORP              | CH        |     10640 | NS      | $2239250.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AddTech AB                                                   | AddTech AB                                                   | CUSIP: 000000000<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |     48335 | NS      | $1657639.97   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KRUK SA                                                      | KRUK SA                                                      | CUSIP: 000000000<br>LEI: 259400T1FZYBIW8XUJ78 | Long             | EC               | CORP              | PL        |      7918 | NS      | $829111.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Watches of Switzerland Group PLC                             | Watches of Switzerland Group PLC                             | CUSIP: 000000000<br>LEI: 2138008ZOT5K9PJW7168 | Long             | EC               | CORP              | GB        |    257533 | NS      | $1489900.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Peab AB                                                      | Peab AB                                                      | CUSIP: 000000000<br>LEI: 549300FQS4VD3153I854 | Long             | EC               | CORP              | SE        |    396157 | NS      | $3392408.42   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DOF Group ASA                                                | DOF Group ASA                                                | CUSIP: 000000000<br>LEI: 213800GIV9N2A714T434 | Long             | EC               | CORP              | NO        |     23266 | NS      | $202552.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWest Healthcare Properties Real Estate Investment Trust | NorthWest Healthcare Properties Real Estate Investment Trust | CUSIP: 667495105<br>LEI: 254900P6YIXMWDQDD912 | Long             | EC               |  | CA        |    217711 | NS      | $763203.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KEPCO Plant Service & Engineering Co Ltd                     | KEPCO Plant Service & Engineering Co Ltd                     | CUSIP: 000000000<br>LEI: 254900O9ZDU5LOHVC289 | Long             | EC               | CORP              | KR        |     25425 | NS      | $796086.11    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Future M Co Ltd                                        | POSCO Future M Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2700 | NS      | $228180.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Opera Ltd                                                    | Opera Ltd                                                    | CUSIP: 68373M107<br>LEI: 5493001ULS7KDNNZ3W51 | Long             | EC               | CORP              | KY        |     42556 | NS      | $780902.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NPR-RIKEN CORP                                               | NPR-RIKEN CORP                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     43020 | NS      | $720900.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mayr Melnhof Karton AG                                       | Mayr Melnhof Karton AG                                       | CUSIP: 000000000<br>LEI: 5299001AMHDLKUM80611 | Long             | EC               | CORP              | AT        |     27187 | NS      | $2308630.97   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Ezaki Glico Co Ltd                                           | Ezaki Glico Co Ltd                                           | CUSIP: 000000000<br>LEI: 3538001RG4BHKDFV6G61 | Long             | EC               | CORP              | JP        |     94031 | NS      | $3023041.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Treasury Wine Estates Ltd                                    | Treasury Wine Estates Ltd                                    | CUSIP: 000000000<br>LEI: 529900LVOPJGAX6ILK66 | Long             | EC               | CORP              | AU        |    130509 | NS      | $708867.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Daeduck Electronics Co Ltd / New                             | Daeduck Electronics Co Ltd / New                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     54355 | NS      | $590155.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Suedzucker AG                                                | Suedzucker AG                                                | CUSIP: 000000000<br>LEI: 529900S8QNB101D40S72 | Long             | EC               | CORP              | DE        |    121255 | NS      | $1551369.34   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole PLC                                                     | Dole PLC                                                     | CUSIP: 000000000<br>LEI: 635400JUG5XJXOPPJJ47 | Long             | EC               | CORP              | IE        |    160945 | NS      | $2278981.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ito En Ltd                                                   | Ito En Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     85511 | NS      | $1875618.11   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sohgo Security Services Co Ltd                               | Sohgo Security Services Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    565202 | NS      | $3928740.47   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KDX Realty Investment Corp                                   | KDX Realty Investment Corp                                   | CUSIP: 000000000<br>LEI: 353800FFT483NCIHFY42 | Long             | EC               |  | JP        |       996 | NS      | $1047113.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mutares SE & Co KGaA                                         | Mutares SE & Co KGaA                                         | CUSIP: 000000000<br>LEI: 391200NWMO6NLQFSCU64 | Long             | EC               | CORP              | DE        |     34953 | NS      | $1307469.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Samchully Co Ltd                                             | Samchully Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     10055 | NS      | $976567.37    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibson Energy Inc                                            | Gibson Energy Inc                                            | CUSIP: 374825206<br>LEI: 549300WYW5D9I3FR0643 | Long             | EC               | CORP              | CA        |    196723 | NS      | $3242112.94   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmobiliaria Colonial Socimi SA                              | Inmobiliaria Colonial Socimi SA                              | CUSIP: 000000000<br>LEI: 95980020140005007414 | Long             | EC               |  | ES        |    159250 | NS      | $1108234.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Idec Corp/Japan                                              | Idec Corp/Japan                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     29935 | NS      | $479433.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ABC-Mart Inc                                                 | ABC-Mart Inc                                                 | CUSIP: 000000000<br>LEI: 353800AXWW4CMTSJWL33 | Long             | EC               | CORP              | JP        |     81157 | NS      | $1580450.95   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokai Rika Co Ltd                                            | Tokai Rika Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    204244 | NS      | $3114015.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Covivio SA/France                                            | Covivio SA/France                                            | CUSIP: 000000000<br>LEI: 969500P8M3W2XX376054 | Long             | EC               |  | FR        |     37817 | NS      | $2266796.99   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitta Corp                                                   | Nitta Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19525 | NS      | $513513.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellcom Israel Ltd                                           | Cellcom Israel Ltd                                           | CUSIP: 000000000<br>LEI: 529900438MNY6TZ5ZY17 | Long             | EC               | CORP              | IL        |    178117 | NS      | $1272933.11   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VAT Group AG                                                 | VAT Group AG                                                 | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |      4600 | NS      | $1750861.18   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arata Corp                                                   | Arata Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    131409 | NS      | $2763964.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hisamitsu Pharmaceutical Co Inc                              | Hisamitsu Pharmaceutical Co Inc                              | CUSIP: 000000000<br>LEI: 5299006QL3IBQ4CN7E12 | Long             | EC               | CORP              | JP        |     53617 | NS      | $1526818.34   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NTN Corp                                                     | NTN Corp                                                     | CUSIP: 000000000<br>LEI: 3538008XP7ZG9BKBQX64 | Long             | EC               | CORP              | JP        |   1707487 | NS      | $2558360.92   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Pharmaceutical Group Ltd                               | Grand Pharmaceutical Group Ltd                               | CUSIP: 000000000<br>LEI: 8945001XW4FS15S8Z778 | Long             | EC               | CORP              | BM        |   1292373 | NS      | $1423966.27   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Siegfried Holding AG                                         | Siegfried Holding AG                                         | CUSIP: 000000000<br>LEI: 506700J9QD6IF3937W06 | Long             | EC               | CORP              | CH        |      8918 | NS      | $1048601.79   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcadis NV                                                   | Arcadis NV                                                   | CUSIP: 000000000<br>LEI: 7245000UZH70GO047N03 | Long             | EC               | CORP              | NL        |     36899 | NS      | $1905139.07   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Daetwyler Holding AG                                         | Daetwyler Holding AG                                         | CUSIP: 000000000<br>LEI: 52990096G2IJ89SWI669 | Long             | EC               | CORP              | CH        |      3674 | NS      | $527700.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX Group Ltd                                                | TMX Group Ltd                                                | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |     62231 | NS      | $2510602.98   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Investment AB Latour                                         | Investment AB Latour                                         | CUSIP: 000000000<br>LEI: 5493006GFBLNB3Y0Y789 | Long             | EC               | CORP              | SE        |     18674 | NS      | $491495.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                                                   | ANDRITZ AG                                                   | CUSIP: 000000000<br>LEI: 549300VZKC61IR5U8G96 | Long             | EC               | CORP              | AT        |     60291 | NS      | $4164901.18   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Mining Ltd                                         | Evolution Mining Ltd                                         | CUSIP: 000000000<br>LEI: 254900BCFW5QO5LW8F27 | Long             | EC               | CORP              | AU        |   1084883 | NS      | $6178860.90   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemring Group PLC                                           | Chemring Group PLC                                           | CUSIP: 000000000<br>LEI: 213800U9A54VQJ5P2J41 | Long             | EC               | CORP              | GB        |    170651 | NS      | $1111535.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FDM Group Holdings PLC                                       | FDM Group Holdings PLC                                       | CUSIP: 000000000<br>LEI: 213800YR62D7GUZLMZ71 | Long             | EC               | CORP              | GB        |     95786 | NS      | $293221.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| D/S Norden A/S                                               | D/S Norden A/S                                               | CUSIP: 000000000<br>LEI: 529900RGXD3CBR3BRU63 | Long             | EC               | CORP              | DK        |     78391 | NS      | $2381287.31   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kokuyo Co Ltd                                                | Kokuyo Co Ltd                                                | CUSIP: 000000000<br>LEI: 3538001EN1YX65H42410 | Long             | EC               | CORP              | JP        |    127563 | NS      | $2698099.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanematsu Corp                                               | Kanematsu Corp                                               | CUSIP: 000000000<br>LEI: 353800N574WR0FX80I71 | Long             | EC               | CORP              | JP        |    183200 | NS      | $3474318.58   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TAG Immobilien AG                                            | TAG Immobilien AG                                            | CUSIP: 000000000<br>LEI: 529900TAE68USJNXLR59 | Long             | EC               | CORP              | DE        |    129760 | NS      | $2191974.01   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Capcom Co Ltd                                                | Capcom Co Ltd                                                | CUSIP: 000000000<br>LEI: 529900JJWQKXS3TC8744 | Long             | EC               | CORP              | JP        |     70335 | NS      | $2095987.39   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rational AG                                                  | Rational AG                                                  | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      1089 | NS      | $894454.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Park24 Co Ltd                                                | Park24 Co Ltd                                                | CUSIP: 000000000<br>LEI: 549300LFG2WZWCWM4M68 | Long             | EC               | CORP              | JP        |    109658 | NS      | $1527133.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                                      | Sea Ltd                                                      | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     36591 | NS      | $5868098.67   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Terveystalo Oyj                                              | Terveystalo Oyj                                              | CUSIP: 000000000<br>LEI: 7437001AEZHLL3UEX093 | Long             | EC               | CORP              | FI        |    101212 | NS      | $1390301.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Samyang Holdings Corp                                        | Samyang Holdings Corp                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      5743 | NS      | $305943.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Worldwide Corp Ltd                                  | Reliance Worldwide Corp Ltd                                  | CUSIP: 000000000<br>LEI: 52990084PQSDDJ8F5447 | Long             | EC               | CORP              | AU        |    512730 | NS      | $1455156.03   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Seiren Co Ltd                                                | Seiren Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800O8K6NWOIT8Q636 | Long             | EC               | CORP              | JP        |     59892 | NS      | $1025628.97   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BayWa AG                                                     | BayWa AG                                                     | CUSIP: 000000000<br>LEI: 529900SM0FDLLYATXU36 | Long             | EC               | CORP              | DE        |     86262 | NS      | $876464.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Healius Ltd                                                  | Healius Ltd                                                  | CUSIP: 000000000<br>LEI: 529900MBZK3SLWK8SJ55 | Long             | EC               | CORP              | AU        |   2021527 | NS      | $1138334.36   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CTF Services Ltd                                             | CTF Services Ltd                                             | CUSIP: 000000000<br>LEI: 2549002WHK9XGQC01O62 | Long             | EC               | CORP              | BM        |    945810 | NS      | $876872.39    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| British Land Co PLC/The                                      | British Land Co PLC/The                                      | CUSIP: 000000000<br>LEI: RV5B68J2GV3QGMRPW209 | Long             | EC               |  | GB        |    455921 | NS      | $2400305.82   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cosmos Pharmaceutical Corp                                   | Cosmos Pharmaceutical Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     63503 | NS      | $3886887.94   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWOOL A/S                                                 | ROCKWOOL A/S                                                 | CUSIP: 000000000<br>LEI: 213800QRC7LNX935OZ09 | Long             | EC               | CORP              | DK        |     24678 | NS      | $1169348.29   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizrahi Tefahot Bank Ltd                                     | Mizrahi Tefahot Bank Ltd                                     | CUSIP: 000000000<br>LEI: YZO9YEGEO4VYDZMDWF93 | Long             | EC               | CORP              | IL        |     58319 | NS      | $3334266.17   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Health Information Technology Ltd                    | Alibaba Health Information Technology Ltd                    | CUSIP: 000000000<br>LEI: 529900GE9653COPX1I86 | Long             | EC               | CORP              | BM        |   1969728 | NS      | $1137895.93   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| DyDo Group Holdings Inc                                      | DyDo Group Holdings Inc                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     37202 | NS      | $691212.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Towa Pharmaceutical Co Ltd                                   | Towa Pharmaceutical Co Ltd                                   | CUSIP: 000000000<br>LEI: 35380036BH1C3PNO2426 | Long             | EC               | CORP              | JP        |     37300 | NS      | $789712.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleDown Interactive Co Ltd                                | DoubleDown Interactive Co Ltd                                | CUSIP: 25862B109<br>LEI: 549300QDTNGJYJ49CP60 | Long             | EC               | CORP              | KR        |     16886 | NS      | $168184.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Getinge AB                                                   | Getinge AB                                                   | CUSIP: 000000000<br>LEI: 5493003PZ4F570G3W735 | Long             | EC               | CORP              | SE        |    166660 | NS      | $3210021.92   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Iren SpA                                                     | Iren SpA                                                     | CUSIP: 000000000<br>LEI: 8156001EBD33FD474E60 | Long             | EC               | CORP              | IT        |   1253756 | NS      | $3897069.04   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                        | Spotify Technology SA                                        | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      6102 | NS      | $4058684.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tabcorp Holdings Ltd                                         | Tabcorp Holdings Ltd                                         | CUSIP: 000000000<br>LEI: 213800OCCFUN67NEY278 | Long             | EC               | CORP              | AU        |   3206634 | NS      | $1454858.49   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ebro Foods SA                                                | Ebro Foods SA                                                | CUSIP: 000000000<br>LEI: 959800NW6DLQT89M3240 | Long             | EC               | CORP              | ES        |     64520 | NS      | $1289135.77   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsubakimoto Chain Co                                         | Tsubakimoto Chain Co                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    176642 | NS      | $2231666.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Milbon Co Ltd                                                | Milbon Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7570 | NS      | $131154.93    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Petroleum Exploration Co Ltd                           | Japan Petroleum Exploration Co Ltd                           | CUSIP: 000000000<br>LEI: 549300WXUNBZ356DMN17 | Long             | EC               | CORP              | JP        |    283344 | NS      | $1967571.21   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Palfinger AG                                                 | Palfinger AG                                                 | CUSIP: 000000000<br>LEI: 529900IFAV83BX8O1O91 | Long             | EC               | CORP              | AT        |     31204 | NS      | $1052103.22   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| StarHub Ltd                                                  | StarHub Ltd                                                  | CUSIP: 000000000<br>LEI: 254900993L0UTJFD3A68 | Long             | EC               | CORP              | SG        |    506725 | NS      | $447942.39    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alm Brand A/S                                                | Alm Brand A/S                                                | CUSIP: 000000000<br>LEI: 549300H4TGLJVZ6VTA48 | Long             | EC               | CORP              | DK        |    703432 | NS      | $1738574.09   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OVS SpA                                                      | OVS SpA                                                      | CUSIP: 000000000<br>LEI: 8156001A772766DCAA71 | Long             | EC               | CORP              | IT        |    292409 | NS      | $1254799.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEKA Corp                                                   | ADEKA Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    141645 | NS      | $2620474.22   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Investments Ltd                                      | Premier Investments Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     59625 | NS      | $785084.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Helia Group Ltd                                              | Helia Group Ltd                                              | CUSIP: 000000000<br>LEI: 529900RUQ2G0JXJOF423 | Long             | EC               | CORP              | AU        |    293602 | NS      | $982527.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Department Store Co Ltd                              | Hyundai Department Store Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     48933 | NS      | $2553581.21   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Helvetia Holding AG                                          | Helvetia Holding AG                                          | CUSIP: 000000000<br>LEI: 529900SUJBXTORH0LT80 | Long             | EC               | CORP              | CH        |     20826 | NS      | $4938110.64   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Taihan Electric Wire Co Ltd                                  | Taihan Electric Wire Co Ltd                                  | CUSIP: 000000000<br>LEI: 988400DCPX4WRVN1G369 | Long             | EC               | CORP              | KR        |     71170 | NS      | $659239.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurabo Industries Ltd                                        | Kurabo Industries Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6923 | NS      | $341604.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Artis Real Estate Investment Trust                           | Artis Real Estate Investment Trust                           | CUSIP: 04315L105<br>LEI: 549300OG2O5VI2N1XS44 | Long             | EC               |  | CA        |    109809 | NS      | $574222.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Aichi Steel Corp                                             | Aichi Steel Corp                                             | CUSIP: 000000000<br>LEI: 353800P9OWOVHHY4ML18 | Long             | EC               | CORP              | JP        |      5947 | NS      | $307869.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Instruments PLC                                       | Oxford Instruments PLC                                       | CUSIP: 000000000<br>LEI: 213800J364EZD6UCE231 | Long             | EC               | CORP              | GB        |     24509 | NS      | $591624.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Inaba Denki Sangyo Co Ltd                                    | Inaba Denki Sangyo Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     97925 | NS      | $2635176.37   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IRESS Ltd                                                    | IRESS Ltd                                                    | CUSIP: 000000000<br>LEI: 5493006KZJMJI8PQXA35 | Long             | EC               | CORP              | AU        |    125190 | NS      | $697701.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Autobacs Seven Co Ltd                                        | Autobacs Seven Co Ltd                                        | CUSIP: 000000000<br>LEI: 5299006NCUSCPURTQB07 | Long             | EC               | CORP              | JP        |    169655 | NS      | $1702487.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Meiko Electronics Co Ltd                                     | Meiko Electronics Co Ltd                                     | CUSIP: 000000000<br>LEI: 529900LGRXWX2ACMWR86 | Long             | EC               | CORP              | JP        |     18379 | NS      | $738751.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL Group Ltd                                                | UOL Group Ltd                                                | CUSIP: 000000000<br>LEI: 254900O9PRCWTMR86R25 | Long             | EC               | CORP              | SG        |    496985 | NS      | $2200515.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandfire Resources Ltd                                       | Sandfire Resources Ltd                                       | CUSIP: 000000000<br>LEI: 213800ZW52P23FVH1V47 | Long             | EC               | CORP              | AU        |    222655 | NS      | $1652129.18   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Glenveagh Properties PLC                                     | Glenveagh Properties PLC                                     | CUSIP: 000000000<br>LEI: 635400QUQ2YYGMOAK834 | Long             | EC               | CORP              | IE        |    146985 | NS      | $300022.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Talanx AG                                                    | Talanx AG                                                    | CUSIP: 000000000<br>LEI: 5299006ZIILJ6VJVSJ32 | Long             | EC               | CORP              | DE        |     41686 | NS      | $5409138.31   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapletree Logistics Trust                                    | Mapletree Logistics Trust                                    | CUSIP: 000000000<br>LEI: 549300M9EBZIYH387075 | Long             | EC               |  | SG        |   1151934 | NS      | $991506.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexus                                                        | Dexus                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    510514 | NS      | $2299788.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Urban Investment Corp                                 | United Urban Investment Corp                                 | CUSIP: 000000000<br>LEI: 353800GYZWBD7BDCN841 | Long             | EC               |  | JP        |      1612 | NS      | $1689139.61   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| WONIK IPS Co Ltd                                             | WONIK IPS Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     37288 | NS      | $616196.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mycronic AB                                                  | Mycronic AB                                                  | CUSIP: 000000000<br>LEI: 549300S5CCFESE4C6Y07 | Long             | EC               | CORP              | SE        |     18715 | NS      | $737302.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold Inc                                                 | New Gold Inc                                                 | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |     71586 | NS      | $317593.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Xero Ltd                                                     | Xero Ltd                                                     | CUSIP: 000000000<br>LEI: 254900UG5D8YST164N14 | Long             | EC               | CORP              | NZ        |      6982 | NS      | $828063.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS Group GmbH & Co KGaA                                     | DWS Group GmbH & Co KGaA                                     | CUSIP: 000000000<br>LEI: 529900VM3464806ERS69 | Long             | EC               | CORP              | DE        |     26530 | NS      | $1488440.99   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Real Estate Holdings Inc                              | Nomura Real Estate Holdings Inc                              | CUSIP: 000000000<br>LEI: 353800UZ91CT24OL9P59 | Long             | EC               | CORP              | JP        |    637548 | NS      | $3745448.14   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Toho Holdings Co Ltd                                         | Toho Holdings Co Ltd                                         | CUSIP: 000000000<br>LEI: 353800Z8BQ3ZHELA4J90 | Long             | EC               | CORP              | JP        |    121153 | NS      | $3832026.70   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Coronado Global Resources Inc                                | Coronado Global Resources Inc                                | CUSIP: 000000000<br>LEI: 549300IGUM6F25CYHK79 | Long             | EC               | CORP              | US        |   3586437 | NS      | $253885.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nikkon Holdings Co Ltd                                       | Nikkon Holdings Co Ltd                                       | CUSIP: 000000000<br>LEI: 3538005QJ1M73DPIMH49 | Long             | EC               | CORP              | JP        |    159837 | NS      | $3557964.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Futaba Industrial Co Ltd                                     | Futaba Industrial Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    251472 | NS      | $1303586.79   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CTP NV                                                       | CTP NV                                                       | CUSIP: 000000000<br>LEI: 3157000YTVO4TN65UM14 | Long             | EC               | CORP              | NL        |     13787 | NS      | $262322.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp                                              | ERO Copper Corp                                              | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     40825 | NS      | $575430.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Intermediate Capital Group PLC                               | Intermediate Capital Group PLC                               | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    100299 | NS      | $2713280.58   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                                                    | Buzzi SpA                                                    | CUSIP: 000000000<br>LEI: 5299003DX5YLKSVJ6K59 | Long             | EC               | CORP              | IT        |     66655 | NS      | $3421802.37   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Tire Corp                                               | Toyo Tire Corp                                               | CUSIP: 000000000<br>LEI: 529900Y41RD7VQM9RF75 | Long             | EC               | CORP              | JP        |    221615 | NS      | $4602932.57   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| As One Corp                                                  | As One Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     43398 | NS      | $672496.82    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vidrala SA                                                   | Vidrala SA                                                   | CUSIP: 000000000<br>LEI: 95980020140005399488 | Long             | EC               | CORP              | ES        |     11776 | NS      | $1259332.27   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Aerospace Co Ltd                                      | Hanwha Aerospace Co Ltd                                      | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |      6867 | NS      | $4036484.02   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                                         | Capstone Copper Corp                                         | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    193627 | NS      | $1047736.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Amorepacific Corp                                            | Amorepacific Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     31883 | NS      | $3089626.08   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| USS Co Ltd                                                   | USS Co Ltd                                                   | CUSIP: 000000000<br>LEI: 5299000RRQD6UZXG4W72 | Long             | EC               | CORP              | JP        |    216331 | NS      | $2346290.69   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuji Seal International Inc                                  | Fuji Seal International Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     78213 | NS      | $1397909.33   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vend Marketplaces ASA                                        | Vend Marketplaces ASA                                        | CUSIP: 000000000<br>LEI: 5967007LIEEXZXHT0O36 | Long             | EC               | CORP              | NO        |     40747 | NS      | $1360739.19   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CKD Corp                                                     | CKD Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     69561 | NS      | $1120342.10   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Welcia Holdings Co Ltd                                       | Welcia Holdings Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    205034 | NS      | $3633334.06   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Elementis PLC                                                | Elementis PLC                                                | CUSIP: 000000000<br>LEI: 549300LQIH685LI2ML36 | Long             | EC               | CORP              | GB        |    466854 | NS      | $899034.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecan Group AG                                               | Tecan Group AG                                               | CUSIP: 000000000<br>LEI: 529900CSN9R3BLETSL26 | Long             | EC               | CORP              | CH        |      5025 | NS      | $1001268.94   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PALTAC Corp                                                  | PALTAC Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    112125 | NS      | $3254301.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Young Poong Corp                                             | Young Poong Corp                                             | CUSIP: 000000000<br>LEI: 988400AY78NTFS106S56 | Long             | EC               | CORP              | KR        |     25037 | NS      | $724960.61    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissha Co Ltd                                                | Nissha Co Ltd                                                | CUSIP: 000000000<br>LEI: 353800DMEBG4RFUJ0P59 | Long             | EC               | CORP              | JP        |     73152 | NS      | $659556.82    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeol Ltd                                                     | Jeol Ltd                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28806 | NS      | $808113.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV                                         | ASM International NV                                         | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |      4405 | NS      | $2398372.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivendi SE                                                   | Vivendi SE                                                   | CUSIP: 000000000<br>LEI: 969500FU4DRAEVJW7U54 | Long             | EC               | CORP              | FR        |    108284 | NS      | $364977.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Merlin Properties Socimi SA                                  | Merlin Properties Socimi SA                                  | CUSIP: 000000000<br>LEI: 959800L8KD863DP30X04 | Long             | EC               |  | ES        |    191278 | NS      | $2366917.67   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand City Properties SA                                     | Grand City Properties SA                                     | CUSIP: 000000000<br>LEI: 5299002QLUYKK2WBMB18 | Long             | EC               | CORP              | LU        |     49360 | NS      | $626481.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nichias Corp                                                 | Nichias Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     70145 | NS      | $2432069.27   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Doutor Nichires Holdings Co Ltd                              | Doutor Nichires Holdings Co Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     55033 | NS      | $1006875.64   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CES Energy Solutions Corp                                    | CES Energy Solutions Corp                                    | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |    178753 | NS      | $812543.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cementir Holding NV                                          | Cementir Holding NV                                          | CUSIP: 000000000<br>LEI: 8156008B101B97A43B02 | Long             | EC               | CORP              | NL        |     57742 | NS      | $913789.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Abengoa SA                                                   | Abengoa SA                                                   | CUSIP: 000000000<br>LEI: 8ZQH7RR6DBQZIX8PEQ84 | Long             | EC               | CORP              | ES        | 192522094 | NS      | $218.56       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Killam Apartment Real Estate Investment Trust                | Killam Apartment Real Estate Investment Trust                | CUSIP: 49410M102<br>LEI: 2549001RZSL75H60JE41 | Long             | EC               |  | CA        |     53062 | NS      | $750999.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyudenko Corp                                                | Kyudenko Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     70144 | NS      | $2583216.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ain Holdings Inc                                             | Ain Holdings Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59203 | NS      | $2314864.17   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Home Shopping Network Corp                           | Hyundai Home Shopping Network Corp                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     19104 | NS      | $756018.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hornbach Holding AG & Co KGaA                                | Hornbach Holding AG & Co KGaA                                | CUSIP: 000000000<br>LEI: 529900EGQZ79V21LBL44 | Long             | EC               | CORP              | DE        |     29382 | NS      | $2965341.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Doshisha Co Ltd                                              | Doshisha Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     36237 | NS      | $576346.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Co SA/The                                          | Navigator Co SA/The                                          | CUSIP: 000000000<br>LEI: 549300UNIB7M2AXUXS35 | Long             | EC               | CORP              | PT        |    279681 | NS      | $1093497.35   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United Super Markets Holdings Inc                            | United Super Markets Holdings Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    353482 | NS      | $2219444.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| House Foods Group Inc                                        | House Foods Group Inc                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    101820 | NS      | $1934505.91   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Daesang Corp                                                 | Daesang Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     66281 | NS      | $1042471.33   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bosideng International Holdings Ltd                          | Bosideng International Holdings Ltd                          | CUSIP: 000000000<br>LEI: 254900G7F1RDM4B3S169 | Long             | EC               | CORP              | KY        |   2706513 | NS      | $1518661.13   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Just Eat Takeaway.com NV                                     | Just Eat Takeaway.com NV                                     | CUSIP: 000000000<br>LEI: 724500FVZIBSSQ7SHI95 | Long             | EC               | CORP              | NL        |    176439 | NS      | $3898886.82   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamamatsu Photonics KK                                       | Hamamatsu Photonics KK                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    200930 | NS      | $2163240.27   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bombardier Inc                                               | Bombardier Inc                                               | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |     38534 | NS      | $2691592.68   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SeAH Steel Holdings Corp                                     | SeAH Steel Holdings Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      6451 | NS      | $1131508.30   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Onward Holdings Co Ltd                                       | Onward Holdings Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    177227 | NS      | $690263.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifco AB                                                     | Lifco AB                                                     | CUSIP: 000000000<br>LEI: 549300RTLL4VDQRCTW41 | Long             | EC               | CORP              | SE        |     36347 | NS      | $1477349.57   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Loomis AB                                                    | Loomis AB                                                    | CUSIP: 000000000<br>LEI: 213800NS2XXVRYS7WP40 | Long             | EC               | CORP              | SE        |     87535 | NS      | $3381119.63   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| J D Wetherspoon PLC                                          | J D Wetherspoon PLC                                          | CUSIP: 000000000<br>LEI: 213800CHWARFAAN7UB85 | Long             | EC               | CORP              | GB        |     85876 | NS      | $847136.34    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Hotel REIT Investment Corp                             | Japan Hotel REIT Investment Corp                             | CUSIP: 000000000<br>LEI: 353800L8KG849FP1JI68 | Long             | EC               |  | JP        |      1324 | NS      | $685420.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Taboola.com Ltd                                              | Taboola.com Ltd                                              | CUSIP: 000000000<br>LEI: 984500F5945AFAFFCB30 | Long             | EC               | CORP              | IL        |     42606 | NS      | $157642.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SpareBank 1 Nord Norge                                       | SpareBank 1 Nord Norge                                       | CUSIP: 000000000<br>LEI: 549300SXM92LQ05OJQ76 | Long             | EC               | CORP              | NO        |    108644 | NS      | $1566526.29   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eizo Corp                                                    | Eizo Corp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     39517 | NS      | $567169.39    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Getlink SE                                                   | Getlink SE                                                   | CUSIP: 000000000<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | EC               | CORP              | FR        |    101862 | NS      | $1948514.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Borregaard ASA                                               | Borregaard ASA                                               | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGYXC05 | Long             | EC               | CORP              | NO        |     59517 | NS      | $1091643.54   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stef SA                                                      | Stef SA                                                      | CUSIP: 000000000<br>LEI: 9695008BIKG0E486UL47 | Long             | EC               | CORP              | FR        |      1446 | NS      | $209464.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Television Holdings Inc                               | Nippon Television Holdings Inc                               | CUSIP: 000000000<br>LEI: 353800QI43C3H97E4W63 | Long             | EC               | CORP              | JP        |    204051 | NS      | $4634083.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nishi-Nippon Railroad Co Ltd                                 | Nishi-Nippon Railroad Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    132040 | NS      | $2002630.31   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichikosho Co Ltd                                          | Daiichikosho Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     96891 | NS      | $1052206.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Avolta AG                                                    | Avolta AG                                                    | CUSIP: 000000000<br>LEI: 549300X53WDBVW7TIF57 | Long             | EC               | CORP              | CH        |     65876 | NS      | $3534555.51   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridian Energy Ltd                                          | Meridian Energy Ltd                                          | CUSIP: 000000000<br>LEI: 254900IFKXIGNCY3A092 | Long             | EC               | CORP              | NZ        |    705143 | NS      | $2311320.35   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IGG Inc                                                      | IGG Inc                                                      | CUSIP: 000000000<br>LEI: 529900VBUXYUOTABSC33 | Long             | EC               | CORP              | KY        |   2282423 | NS      | $1030380.14   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kureha Corp                                                  | Kureha Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     97582 | NS      | $2275639.70   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| West African Resources Ltd                                   | West African Resources Ltd                                   | CUSIP: 000000000<br>LEI: 529900XLO8GMJNTUL013 | Long             | EC               | CORP              | AU        |    153492 | NS      | $279546.73    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexon Co Ltd                                                 | Nexon Co Ltd                                                 | CUSIP: 000000000<br>LEI: 5299005SFO0GAJFLKN43 | Long             | EC               | CORP              | JP        |    188849 | NS      | $3418507.83   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Webuild SpA                                                  | Webuild SpA                                                  | CUSIP: 000000000<br>LEI: 549300UKR289DF4UXQ47 | Long             | EC               | CORP              | IT        |    382678 | NS      | $1559622.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atea ASA                                                     | Atea ASA                                                     | CUSIP: 000000000<br>LEI: 5967007LIEEXZXINVS13 | Long             | EC               | CORP              | NO        |    104881 | NS      | $1494611.86   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp                                     | Pan American Silver Corp                                     | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |    126786 | NS      | $3086313.99   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Santen Pharmaceutical Co Ltd                                 | Santen Pharmaceutical Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900TPT3I7C17MIM03 | Long             | EC               | CORP              | JP        |    329845 | NS      | $3664309.47   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBUILD SPA                                                  | WEBUILD SPA WARRANTS                                         | CUSIP: 000000000<br>LEI: 549300UKR289DF4UXQ47 | Long             | EC               | CORP              | IT        |      9734 | NS      | $39671.39     | 0.00%             |  |  |  | No            |                  3 | On Loan: —       |
| SSR Mining Inc                                               | SSR Mining Inc                                               | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |    383488 | NS      | $4532295.72   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Heiwa Corp                                                   | Heiwa Corp                                                   | CUSIP: 000000000<br>LEI: 529900N1BTC5X6TU7W19 | Long             | EC               | CORP              | JP        |     73897 | NS      | $1072900.76   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gunma Bank Ltd/The                                           | Gunma Bank Ltd/The                                           | CUSIP: 000000000<br>LEI: 54930054A69VC4I5BP89 | Long             | EC               | CORP              | JP        |    188882 | NS      | $1562944.72   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Logistics Corp                                    | Mitsubishi Logistics Corp                                    | CUSIP: 000000000<br>LEI: 529900GJKGNRLQBJUH32 | Long             | EC               | CORP              | JP        |    318701 | NS      | $2578630.01   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SOL SpA                                                      | SOL SpA                                                      | CUSIP: 000000000<br>LEI: 81560096A9AEBBBD4B25 | Long             | EC               | CORP              | IT        |     16520 | NS      | $858948.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnoPro Holdings Inc                                       | TechnoPro Holdings Inc                                       | CUSIP: 000000000<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |     85724 | NS      | $2343085.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Wool Textile Co Ltd/The                                | Japan Wool Textile Co Ltd/The                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    105918 | NS      | $1098854.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Genmab A/S                                                   | Genmab A/S                                                   | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | EC               | CORP              | DK        |      9761 | NS      | $2049278.93   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeon Mall Co Ltd                                             | Aeon Mall Co Ltd                                             | CUSIP: 000000000<br>LEI: 353800IDE3ULLSB2R846 | Long             | EC               | CORP              | JP        |    139837 | NS      | $2784723.10   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tauron Polska Energia SA                                     | Tauron Polska Energia SA                                     | CUSIP: 000000000<br>LEI: 259400NAPDFBOTNCRL54 | Long             | EC               | CORP              | PL        |   2530926 | NS      | $4646108.43   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Elecnor SA                                                   | Elecnor SA                                                   | CUSIP: 000000000<br>LEI: 95980020140005491250 | Long             | EC               | CORP              | ES        |     36649 | NS      | $990217.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| KYB Corp                                                     | KYB Corp                                                     | CUSIP: 000000000<br>LEI: 353800TNYJJSI69KPE33 | Long             | EC               | CORP              | JP        |    102142 | NS      | $2215630.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                                                | Celestica Inc                                                | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     51429 | NS      | $5944286.47   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Metso Oyj                                                    | Metso Oyj                                                    | CUSIP: 000000000<br>LEI: 549300R0VN9C371W0E07 | Long             | EC               | CORP              | FI        |    243375 | NS      | $2936979.13   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dunelm Group PLC                                             | Dunelm Group PLC                                             | CUSIP: 000000000<br>LEI: 213800WCOWEI3T5DUV19 | Long             | EC               | CORP              | GB        |     90140 | NS      | $1450190.89   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gamma Communications PLC                                     | Gamma Communications PLC                                     | CUSIP: 000000000<br>LEI: 213800LAQZXPRIZUEH50 | Long             | EC               | CORP              | GB        |     43482 | NS      | $695442.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JM AB                                                        | JM AB                                                        | CUSIP: 000000000<br>LEI: 529900X0UEM9DOM6FK12 | Long             | EC               | CORP              | SE        |    104196 | NS      | $1584915.65   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dongjin Semichem Co Ltd                                      | Dongjin Semichem Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     31243 | NS      | $640847.21    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibiden Co Ltd                                                | Ibiden Co Ltd                                                | CUSIP: 000000000<br>LEI: 52990051DBFIQEY37C91 | Long             | EC               | CORP              | JP        |     39501 | NS      | $1618146.24   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ID Logistics Group SACA                                      | ID Logistics Group SACA                                      | CUSIP: 000000000<br>LEI: 969500U1DQN70VMJ9P45 | Long             | EC               | CORP              | FR        |      1523 | NS      | $725309.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HDC Holdings Co Ltd                                          | HDC Holdings Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    130221 | NS      | $1849917.81   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcosmos Inc                                              | Transcosmos Inc                                              | CUSIP: 000000000<br>LEI: 353800AAR1GYRFDRTV97 | Long             | EC               | CORP              | JP        |     56235 | NS      | $1309467.41   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kamigumi Co Ltd                                              | Kamigumi Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    143403 | NS      | $3977260.51   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Konoike Transport Co Ltd                                     | Konoike Transport Co Ltd                                     | CUSIP: 000000000<br>LEI: 3538004PLQ2IF2DMNC61 | Long             | EC               | CORP              | JP        |     70279 | NS      | $1386146.67   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Algoma Steel Group Inc                                       | Algoma Steel Group Inc                                       | CUSIP: 015658107<br>LEI: 549300Q5EU337A1XCX27 | Long             | EC               | CORP              | CA        |    290444 | NS      | $1533600.09   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GCL Technology Holdings Ltd                                  | GCL Technology Holdings Ltd                                  | CUSIP: 000000000<br>LEI: 529900O1QCZWP5IWVY66 | Long             | EC               | CORP              | KY        |   5672617 | NS      | $593192.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Viscofan SA                                                  | Viscofan SA Rights                                           | CUSIP: 000000000<br>LEI: 95980020140005684765 | Long             | EC               | CORP              | ES        |     33582 | NS      | $65325.97     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Wacom Co Ltd                                                 | Wacom Co Ltd                                                 | CUSIP: 000000000<br>LEI: 353800R3B771OQOQPT02 | Long             | EC               | CORP              | JP        |    204412 | NS      | $913723.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nichiha Corp                                                 | Nichiha Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     48004 | NS      | $1019662.91   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NOK Corp                                                     | NOK Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    221742 | NS      | $3258629.27   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Futu Holdings Ltd                                            | Futu Holdings Ltd                                            | CUSIP: 36118L106<br>LEI: 213800X4W4ZRESFPTQ37 | Long             | EC               | CORP              | KY        |     17257 | NS      | $1759006.01   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Melco Resorts & Entertainment Ltd                            | Melco Resorts & Entertainment Ltd                            | CUSIP: 585464100<br>LEI: 529900NRV6LBR3T6B421 | Long             | EC               | CORP              | KY        |    302023 | NS      | $1896704.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Electrolux Professional AB                                   | Electrolux Professional AB                                   | CUSIP: 000000000<br>LEI: 254900KI62Q46ZWD8084 | Long             | EC               | CORP              | SE        |     95084 | NS      | $644456.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mochida Pharmaceutical Co Ltd                                | Mochida Pharmaceutical Co Ltd                                | CUSIP: 000000000<br>LEI: 3538008YGVRYRM8B7Q95 | Long             | EC               | CORP              | JP        |     38018 | NS      | $788578.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Boralex Inc                                                  | Boralex Inc                                                  | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |     55114 | NS      | $1265463.46   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Technogym SpA                                                | Technogym SpA                                                | CUSIP: 000000000<br>LEI: 815600B9149F66E77F76 | Long             | EC               | CORP              | IT        |     64596 | NS      | $874858.27    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Russel Metals Inc                                            | Russel Metals Inc                                            | CUSIP: 781903604<br>LEI: 5493005F9VPHFO17OV54 | Long             | EC               | CORP              | CA        |    125438 | NS      | $3746855.27   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ushio Inc                                                    | Ushio Inc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    106032 | NS      | $1312035.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| boohoo Group PLC                                             | boohoo Group PLC                                             | CUSIP: 000000000<br>LEI: 213800SZF3KFCECWY243 | Long             | EC               | CORP              | JE        |   1268356 | NS      | $412216.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Sulzer AG                                                    | Sulzer AG                                                    | CUSIP: 000000000<br>LEI: 529900NZ6MAST5IJF669 | Long             | EC               | CORP              | CH        |      7944 | NS      | $1498776.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuyama Transporting Co Ltd                                 | Fukuyama Transporting Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900Z7D20PNX4HSO85 | Long             | EC               | CORP              | JP        |     68942 | NS      | $1559968.33   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Densetsu Kogyo Co Ltd                                 | Nippon Densetsu Kogyo Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     84644 | NS      | $1413715.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Serco Group PLC                                              | Serco Group PLC                                              | CUSIP: 000000000<br>LEI: 549300PT2CIHYN5GWJ21 | Long             | EC               | CORP              | GB        |   1192916 | NS      | $3000239.15   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Galil Ltd                                              | Delta Galil Ltd                                              | CUSIP: 000000000<br>LEI: 213800THWVY4MIDWYH93 | Long             | EC               | CORP              | IL        |     13104 | NS      | $662060.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerresheimer AG                                              | Gerresheimer AG                                              | CUSIP: 000000000<br>LEI: 5299006GD4UWSYZOKC28 | Long             | EC               | CORP              | DE        |     23864 | NS      | $1716253.72   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United Energy Group Ltd                                      | United Energy Group Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |  10061131 | NS      | $603035.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizen Watch Co Ltd                                         | Citizen Watch Co Ltd                                         | CUSIP: 000000000<br>LEI: 529900DUZBKERKGQ2628 | Long             | EC               | CORP              | JP        |    393717 | NS      | $2362929.57   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Crystal International Group Ltd                              | Crystal International Group Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    250603 | NS      | $159152.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fielmann Group AG                                            | Fielmann Group AG                                            | CUSIP: 000000000<br>LEI: 529900BU5B7N9GE4XU15 | Long             | EC               | CORP              | DE        |     16455 | NS      | $1046110.46   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DKSH Holding AG                                              | DKSH Holding AG                                              | CUSIP: 000000000<br>LEI: 549300HUUUNHO6FJUS42 | Long             | EC               | CORP              | CH        |     49718 | NS      | $3885211.61   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enghouse Systems Ltd                                         | Enghouse Systems Ltd                                         | CUSIP: 292949104<br>LEI: 549300LKRHABBMOTY018 | Long             | EC               | CORP              | CA        |     30585 | NS      | $587030.91    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Okumura Corp                                                 | Okumura Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     53714 | NS      | $1589513.01   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Valqua Ltd                                                   | Valqua Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18196 | NS      | $387766.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AtkinsRealis Group Inc                                       | AtkinsRealis Group Inc                                       | CUSIP: 04764T104<br>LEI: UL01OYG5OMLM5G6CFM03 | Long             | EC               | CORP              | CA        |     19344 | NS      | $1266198.77   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TKC Corp                                                     | TKC Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32419 | NS      | $954854.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Reece Ltd                                                    | Reece Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    140732 | NS      | $1418295.94   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Electra Ltd/Israel                                           | Electra Ltd/Israel                                           | CUSIP: 000000000<br>LEI: 2138005T746J61F84918 | Long             | EC               | CORP              | IL        |      1380 | NS      | $777927.62    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hikari Tsushin Inc                                           | Hikari Tsushin Inc                                           | CUSIP: 000000000<br>LEI: 3538001SOIIV8U3OXH94 | Long             | EC               | CORP              | JP        |     13458 | NS      | $3669134.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Bakelite Co Ltd                                     | Sumitomo Bakelite Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     74147 | NS      | $2026652.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Post Ltd                                           | Singapore Post Ltd                                           | CUSIP: 000000000<br>LEI: 2549001SP50468BWD892 | Long             | EC               | CORP              | SG        |   2862732 | NS      | $1232022.53   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vallourec SACA                                               | Vallourec SACA                                               | CUSIP: 000000000<br>LEI: 969500P2Q1B47H4MCJ34 | Long             | EC               | CORP              | FR        |    129290 | NS      | $2189171.70   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Pasona Group Inc                                             | Pasona Group Inc                                             | CUSIP: 000000000<br>LEI: 3538002LRFQSFLGGLX89 | Long             | EC               | CORP              | JP        |     35640 | NS      | $563640.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuestenrot & Wuerttembergische AG                            | Wuestenrot & Wuerttembergische AG                            | CUSIP: 000000000<br>LEI: 5299003H07ZT0Z5ZNN35 | Long             | EC               | CORP              | DE        |     98585 | NS      | $1551192.52   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tomy Co Ltd                                                  | Tomy Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     62334 | NS      | $1324049.41   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                       | MSCI EAFE JUN25                                              | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       297 | NC      | $2421639.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Distribucion Integral Logista Holdings SA             | Logista Integral SA                                          | CUSIP: 000000000<br>LEI: 9598000ANNAL42UJ7X28 | Long             | EC               | CORP              | ES        |     47338 | NS      | $1528379.24   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AFRY AB                                                      | AFRY AB                                                      | CUSIP: 000000000<br>LEI: 549300Q87LKPPD4X9R30 | Long             | EC               | CORP              | SE        |    102874 | NS      | $1816504.03   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Imerys SA                                                    | Imerys SA                                                    | CUSIP: 000000000<br>LEI: 54930075MZSSIB2TGC64 | Long             | EC               | CORP              | FR        |     66685 | NS      | $2225702.52   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BIPROGY Inc                                                  | BIPROGY Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     79280 | NS      | $3206473.41   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CD Projekt SA                                                | CD Projekt SA                                                | CUSIP: 000000000<br>LEI: 259400TYO5Q8SH8TL437 | Long             | EC               | CORP              | PL        |     14636 | NS      | $866930.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Bank Polska SA                                     | Santander Bank Polska SA                                     | CUSIP: 000000000<br>LEI: 259400LGXW3K0GDAG361 | Long             | EC               | CORP              | PL        |     14934 | NS      | $1996491.01   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fnac Darty SA                                                | Fnac Darty SA                                                | CUSIP: 000000000<br>LEI: 96950091FL62XSLPHO35 | Long             | EC               | CORP              | FR        |     19221 | NS      | $663347.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottery Corp Ltd/The                                         | Lottery Corp Ltd/The                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    503392 | NS      | $1652185.21   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Big Yellow Group PLC                                         | Big Yellow Group PLC                                         | CUSIP: 000000000<br>LEI: 213800W7Q4V2ZI8LIW31 | Long             | EC               |  | GB        |     55277 | NS      | $742456.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupa Azoty SA                                               | Grupa Azoty SA                                               | CUSIP: 000000000<br>LEI: 259400Z9C99U5B36R274 | Long             | EC               | CORP              | PL        |    312638 | NS      | $1977078.11   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Leon's Furniture Ltd                                         | Leon's Furniture Ltd                                         | CUSIP: 526682109<br>LEI: 549300L1VH4AT8EH7A33 | Long             | EC               | CORP              | CA        |     33769 | NS      | $676632.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OCI NV                                                       | OCI NV                                                       | CUSIP: 000000000<br>LEI: 549300NCMRGIBJYUOE57 | Long             | EC               | CORP              | NL        |    177247 | NS      | $1540336.91   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                                             | Delivery Hero SE                                             | CUSIP: 000000000<br>LEI: 529900C3EX1FZGE48X78 | Long             | EC               | CORP              | DE        |     41629 | NS      | $1152182.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yaoko Co Ltd                                                 | Yaoko Co Ltd                                                 | CUSIP: 000000000<br>LEI: 353800Y2SZOLTECIV233 | Long             | EC               | CORP              | JP        |     32214 | NS      | $2091861.67   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NFI Group Inc                                                | NFI Group Inc                                                | CUSIP: 62910L102<br>LEI: 549300VX6QRAVXOXZW59 | Long             | EC               | CORP              | CA        |     97311 | NS      | $1102662.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dalata Hotel Group PLC                                       | Dalata Hotel Group PLC                                       | CUSIP: 000000000<br>LEI: 635400L2CWET7ONOBJ04 | Long             | EC               | CORP              | IE        |     92532 | NS      | $604020.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotte Rental Co Ltd                                          | Lotte Rental Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     51573 | NS      | $1220452.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Dainippon Pharma Co Ltd                             | Sumitomo Pharma Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900D60UKVYLJ2OJ79 | Long             | EC               | CORP              | JP        |    565734 | NS      | $2979714.06   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Netcompany Group A/S                                         | Netcompany Group A/S                                         | CUSIP: 000000000<br>LEI: 5299006DEGAWX1Z1X779 | Long             | EC               | CORP              | DK        |     16718 | NS      | $774995.67    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dairy Farm International Holdings Ltd                        | DFI Retail Group Holdings Ltd                                | CUSIP: 000000000<br>LEI: 213800NOTG41PZVNNX48 | Long             | EC               | CORP              | BM        |    591544 | NS      | $1632661.44   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Breville Group Ltd                                           | Breville Group Ltd                                           | CUSIP: 000000000<br>LEI: 529900MM4WH0KSB3KW37 | Long             | EC               | CORP              | AU        |     37427 | NS      | $703556.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oriental Land Co Ltd/Japan                                   | Oriental Land Co Ltd/Japan                                   | CUSIP: 000000000<br>LEI: 353800PIFKBZ6KTU5994 | Long             | EC               | CORP              | JP        |    141291 | NS      | $3146110.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Corp Group Ltd                                        | Credit Corp Group Ltd                                        | CUSIP: 000000000<br>LEI: 549300JCSY6XG1L4WB90 | Long             | EC               | CORP              | AU        |     64501 | NS      | $569927.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wallenius Wilhelmsen ASA                                     | Wallenius Wilhelmsen ASA                                     | CUSIP: 000000000<br>LEI: 549300NBN0URT3RA3Y54 | Long             | EC               | CORP              | NO        |    345369 | NS      | $2697469.08   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Jastrzebska Spolka Weglowa SA                                | Jastrzebska Spolka Weglowa SA                                | CUSIP: 000000000<br>LEI: 259400D4E0H5BGXNIK97 | Long             | EC               | CORP              | PL        |    321268 | NS      | $1944140.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Leopalace21 Corp                                             | Leopalace21 Corp                                             | CUSIP: 000000000<br>LEI: 529900Z3BHJUW1DY6254 | Long             | EC               | CORP              | JP        |     58954 | NS      | $265976.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eutelsat Communications SACA                                 | Eutelsat Communications SACA                                 | CUSIP: 000000000<br>LEI: 549300EFWH9UR17YSK05 | Long             | EC               | CORP              | FR        |    388645 | NS      | $1447166.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Centerra Gold Inc                                            | Centerra Gold Inc                                            | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |    375380 | NS      | $2672802.79   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BGF retail Co Ltd                                            | BGF retail Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     17302 | NS      | $1285391.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius AG                                                 | Sartorius AG                                                 | CUSIP: 000000000<br>LEI: 529900EQV2DY4FOAMU38 | Long             | EP               | CORP              | DE        |      6757 | NS      | $1618557.03   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Azrieli Group Ltd                                            | Azrieli Group Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      9233 | NS      | $704711.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiseki Co Ltd                                               | Daiseki Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33050 | NS      | $810818.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Insignia Financial Ltd                                       | Insignia Financial Ltd                                       | CUSIP: 000000000<br>LEI: 5493000NLB9VUM2IHC87 | Long             | EC               | CORP              | AU        |    591901 | NS      | $1279883.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Canada                                                   | Air Canada                                                   | CUSIP: 008911877<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | EC               | CORP              | CA        |    169074 | NS      | $2360973.71   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                                   | Scout24 SE                                                   | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     18870 | NS      | $2568518.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mabuchi Motor Co Ltd                                         | Mabuchi Motor Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    117415 | NS      | $1766168.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Greencore Group PLC                                          | Greencore Group PLC                                          | CUSIP: 000000000<br>LEI: 635400GGBEWULJXM5868 | Long             | EC               | CORP              | IE        |    144169 | NS      | $434526.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PRADA SpA                                                    | PRADA SpA                                                    | CUSIP: 000000000<br>LEI: 8156000FE0A2DC5B7852 | Long             | EC               | CORP              | IT        |    179284 | NS      | $1172889.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC                                         | Endeavour Mining PLC                                         | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |    109843 | NS      | $3360918.59   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Ohka Kogyo Co Ltd                                      | Tokyo Ohka Kogyo Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     67410 | NS      | $1749076.82   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Misto Holdings Corp                                          | Misto Holdings Corp                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     54398 | NS      | $1421358.19   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mersen SA                                                    | Mersen SA                                                    | CUSIP: 000000000<br>LEI: OQXDLNM5DTBULYMF5U27 | Long             | EC               | CORP              | FR        |     25384 | NS      | $589311.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Okinawa Cellular Telephone Co                                | Okinawa Cellular Telephone Co                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18788 | NS      | $620429.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bic Camera Inc                                               | Bic Camera Inc                                               | CUSIP: 000000000<br>LEI: 353800MQU1LJXY6N8N97 | Long             | EC               | CORP              | JP        |    180081 | NS      | $1875128.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurazeo SE                                                   | Eurazeo SE                                                   | CUSIP: 000000000<br>LEI: 969500C656AA39O94N60 | Long             | EC               | CORP              | FR        |      8713 | NS      | $608817.89    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Softwareone Holding AG                                       | Softwareone Holding AG                                       | CUSIP: 000000000<br>LEI: 529900GBI88JKWXLGI05 | Long             | EC               | CORP              | CH        |    101876 | NS      | $935614.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Inwido AB                                                    | Inwido AB                                                    | CUSIP: 000000000<br>LEI: 529900A9NKQW5UTHBG13 | Long             | EC               | CORP              | SE        |     54552 | NS      | $1197253.67   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Spar Nord Bank A/S                                           | Spar Nord Bank A/S                                           | CUSIP: 000000000<br>LEI: 549300DHT635Q5P8J715 | Long             | EC               | CORP              | DK        |       392 | NS      | $12504.39     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| United Laboratories International Holdings Ltd/The           | United Laboratories International Holdings Ltd/The           | CUSIP: 000000000<br>LEI: 2549007JL3XIH77JXN70 | Long             | EC               | CORP              | KY        |    840741 | NS      | $1567500.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vesuvius PLC                                                 | Vesuvius PLC                                                 | CUSIP: 000000000<br>LEI: 213800ORZ521W585SY02 | Long             | EC               | CORP              | GB        |    528097 | NS      | $2565219.79   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tullow Oil PLC                                               | Tullow Oil PLC                                               | CUSIP: 000000000<br>LEI: 2138003EYHWO75RKS857 | Long             | EC               | CORP              | GB        |   2391891 | NS      | $456742.91    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Evolution AB                                                 | Evolution AB                                                 | CUSIP: 000000000<br>LEI: 549300SUH6ZR1RF6TA88 | Long             | EC               | CORP              | SE        |     33767 | NS      | $2313253.69   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KIWOOM Securities Co Ltd                                     | KIWOOM Securities Co Ltd                                     | CUSIP: 000000000<br>LEI: 988400O27CNGJA2QWJ18 | Long             | EC               | CORP              | KR        |     12898 | NS      | $1520051.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanaGold Corp                                              | OceanaGold Corp                                              | CUSIP: 675222103<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |    623972 | NS      | $2772805.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoegh Autoliners ASA                                         | Hoegh Autoliners ASA                                         | CUSIP: 000000000<br>LEI: 549300D7GNMPKTA4HD46 | Long             | EC               | CORP              | NO        |     99001 | NS      | $823139.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Arcs Co Ltd                                                  | Arcs Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    190186 | NS      | $3776173.05   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamaguchi Financial Group Inc                                | Yamaguchi Financial Group Inc                                | CUSIP: 000000000<br>LEI: 353800898JPV95YSY548 | Long             | EC               | CORP              | JP        |     94139 | NS      | $1000791.61   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kardex Holding AG                                            | Kardex Holding AG                                            | CUSIP: 000000000<br>LEI: 529900JKKMQ07D6QZ480 | Long             | EC               | CORP              | CH        |       706 | NS      | $210111.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaga Electronics Co Ltd                                      | Kaga Electronics Co Ltd                                      | CUSIP: 000000000<br>LEI: 3538005V2HARHWLTPJ42 | Long             | EC               | CORP              | JP        |    115079 | NS      | $2125406.53   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ratos AB                                                     | Ratos AB                                                     | CUSIP: 000000000<br>LEI: 2138008KECUUB9VR4798 | Long             | EC               | CORP              | SE        |    461749 | NS      | $1857581.91   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattr Corp                                                   | Mattr Corp                                                   | CUSIP: 57722Y102<br>LEI: 549300KP4U2Z1IKXOL88 | Long             | EC               | CORP              | CA        |     49754 | NS      | $341596.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Residence Investment Corp                            | Advance Residence Investment Corp                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1066 | NS      | $1094109.98   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Toa Corp/Tokyo                                               | Toa Corp/Tokyo                                               | CUSIP: 000000000<br>LEI: 353800AT816JCLZ5WD63 | Long             | EC               | CORP              | JP        |    120279 | NS      | $1249511.22   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Utilities Ltd                                       | Canadian Utilities Ltd                                       | CUSIP: 136717832<br>LEI: LWV4QIQODEH3VBHUFX07 | Long             | EC               | CORP              | CA        |    135106 | NS      | $3771314.07   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Axial Retailing Inc                                          | Axial Retailing Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    194193 | NS      | $1538255.65   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Myer Holdings Ltd                                            | Myer Holdings Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    458068 | NS      | $203404.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Rotem Co Ltd                                         | Hyundai Rotem Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3189 | NS      | $338384.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Elkem ASA                                                    | Elkem ASA                                                    | CUSIP: 000000000<br>LEI: 549300CVBE06T0SH6T76 | Long             | EC               | CORP              | NO        |   1279043 | NS      | $2461154.57   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exchange Income Corp                                         | Exchange Income Corp                                         | CUSIP: 301283107<br>LEI: 549300G7SUZKHS2N8C38 | Long             | EC               | CORP              | CA        |     40234 | NS      | $1684622.26   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rinnai Corp                                                  | Rinnai Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    128785 | NS      | $3217505.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Europris ASA                                                 | Europris ASA                                                 | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGA8G28 | Long             | EC               | CORP              | NO        |    168844 | NS      | $1315433.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Itochu Enex Co Ltd                                           | Itochu Enex Co Ltd                                           | CUSIP: 000000000<br>LEI: 549300WO21DGCU3JY132 | Long             | EC               | CORP              | JP        |    183612 | NS      | $2146667.90   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Northland Power Inc                                          | Northland Power Inc                                          | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Long             | EC               | CORP              | CA        |     81191 | NS      | $1208166.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontobel Holding AG                                          | Vontobel Holding AG                                          | CUSIP: 000000000<br>LEI: 529900G69W5VR3DDPW23 | Long             | EC               | CORP              | CH        |     24529 | NS      | $1845161.22   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Megachips Corp                                               | Megachips Corp                                               | CUSIP: 000000000<br>LEI: 529900CHDZ5G02UMD829 | Long             | EC               | CORP              | JP        |     15911 | NS      | $539757.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Ocean Group Ltd                                       | Golden Ocean Group Ltd                                       | CUSIP: 000000000<br>LEI: 549300HQH91CZG0OJL61 | Long             | EC               | CORP              | BM        |     88353 | NS      | $680127.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilh Wilhelmsen Holding ASA                                  | Wilh Wilhelmsen Holding ASA                                  | CUSIP: 000000000<br>LEI: 54930050TPKOLSE1ZZ71 | Long             | EC               | CORP              | NO        |      5763 | NS      | $219698.11    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allied Properties Real Estate Investment Trust               | Allied Properties Real Estate Investment Trust               | CUSIP: 019456102<br>LEI: 549300AMZMPKVHA0MY77 | Long             | EC               |  | CA        |    117059 | NS      | $1343460.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brickworks Ltd                                               | Brickworks Ltd                                               | CUSIP: 000000000<br>LEI: 894500Q1JAYI6R5U3177 | Long             | EC               | CORP              | AU        |     28885 | NS      | $511381.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sakai Moving Service Co Ltd                                  | Sakai Moving Service Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     29042 | NS      | $507195.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel Ltd                                                   | Keppel Ltd                                                   | CUSIP: 000000000<br>LEI: 254900SQ7IPDOY6IDW33 | Long             | EC               | CORP              | SG        |    499843 | NS      | $2631772.62   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Oyj                                                    | Orion Oyj                                                    | CUSIP: 000000000<br>LEI: 74370029VAHCXDR7B745 | Long             | EC               | CORP              | FI        |     63402 | NS      | $4300634.15   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HS Hyosung Corp                                              | HS Hyosung Corp                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1954 | NS      | $82850.62     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Noritz Corp                                                  | Noritz Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     64602 | NS      | $851540.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Sindall Group PLC                                     | Morgan Sindall Group PLC                                     | CUSIP: 000000000<br>LEI: 2138008339ULDGZRB345 | Long             | EC               | CORP              | GB        |     52430 | NS      | $2739799.23   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Zojirushi Corp                                               | Zojirushi Corp                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     46586 | NS      | $438110.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| MEKO AB                                                      | MEKO AB                                                      | CUSIP: 000000000<br>LEI: 529900R809HC1RFRQA91 | Long             | EC               | CORP              | SE        |     56713 | NS      | $676662.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tryg A/S                                                     | Tryg A/S                                                     | CUSIP: 000000000<br>LEI: 213800ZRS8AC4LSTCE39 | Long             | EC               | CORP              | DK        |    135588 | NS      | $3483202.74   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Premium Brands Holdings Corp                                 | Premium Brands Holdings Corp                                 | CUSIP: 74061A108<br>LEI: 529900F5EXPGUY8WV366 | Long             | EC               | CORP              | CA        |     44480 | NS      | $2632664.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ATS Corp                                                     | ATS Corp                                                     | CUSIP: 00217Y104<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | EC               | CORP              | CA        |     34464 | NS      | $995607.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aroundtown SA                                                | Aroundtown SA                                                | CUSIP: 000000000<br>LEI: 529900H4DWG3KWMBMQ39 | Long             | EC               | CORP              | LU        |    941385 | NS      | $2990243.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamazen Corp                                                 | Yamazen Corp                                                 | CUSIP: 000000000<br>LEI: 353800VADDW91MPELT42 | Long             | EC               | CORP              | JP        |    184854 | NS      | $1682063.15   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Equital Ltd                                                  | Equital Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     27679 | NS      | $1035853.63   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BML Inc                                                      | BML Inc                                                      | CUSIP: 000000000<br>LEI: 5493003Y6Y1P8HBEL806 | Long             | EC               | CORP              | JP        |     58237 | NS      | $1210790.39   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Atresmedia Corp de Medios de Comunicacion SA                 | Atresmedia Corp de Medios de Comunicacion SA                 | CUSIP: 000000000<br>LEI: 95980020140005491929 | Long             | EC               | CORP              | ES        |     33085 | NS      | $223480.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                                     | Adyen NV                                                     | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      2368 | NS      | $4542105.64   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Aecon Group Inc                                              | Aecon Group Inc                                              | CUSIP: 00762V109<br>LEI: 549300VROCXVWXFR8B83 | Long             | EC               | CORP              | CA        |    112336 | NS      | $1540897.46   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Investment Ltd/Singapore                          | CapitaLand Investment Ltd/Singapore                          | CUSIP: 000000000<br>LEI: 254900AT4UQDU7SNXX49 | Long             | EC               | CORP              | SG        |    980016 | NS      | $1915043.67   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| M3 Inc                                                       | M3 Inc                                                       | CUSIP: 000000000<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |    224362 | NS      | $3168076.34   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JAFCO Group Co ltd                                           | JAFCO Group Co ltd                                           | CUSIP: 000000000<br>LEI: 353800R7EWCVA2488G32 | Long             | EC               | CORP              | JP        |     72484 | NS      | $1221671.49   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hansol Chemical Co Ltd                                       | Hansol Chemical Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7869 | NS      | $758554.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OKUMA Corp                                                   | OKUMA Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     81920 | NS      | $2080715.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                                                      | SPIE SA                                                      | CUSIP: 000000000<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | EC               | CORP              | FR        |    100533 | NS      | $5106181.57   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vienna Insurance Group AG Wiener Versicherung Gruppe         | Vienna Insurance Group AG Wiener Versicherung Gruppe         | CUSIP: 000000000<br>LEI: 549300JCRU23I1THU176 | Long             | EC               | CORP              | AT        |     38977 | NS      | $1911541.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Krones AG                                                    | Krones AG                                                    | CUSIP: 000000000<br>LEI: 529900NY2GSZWWUBW049 | Long             | EC               | CORP              | DE        |     11987 | NS      | $1886102.83   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax Group PLC                                             | Spirax Group PLC                                             | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     32792 | NS      | $2527268.09   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitchells & Butlers PLC                                      | Mitchells & Butlers PLC                                      | CUSIP: 000000000<br>LEI: 213800JHYNDNB1NS2W10 | Long             | EC               | CORP              | GB        |    346777 | NS      | $1335130.06   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldwin Inc                                                  | Goldwin Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     17982 | NS      | $1031975.76   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRAIT ONE corp                                              | MIRAIT ONE corp                                              | CUSIP: 000000000<br>LEI: 353800RI3EZVEIDAEL62 | Long             | EC               | CORP              | JP        |    237429 | NS      | $4200812.48   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| T Hasegawa Co Ltd                                            | T Hasegawa Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30599 | NS      | $618575.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Co Ltd                                             | Sino Land Co Ltd                                             | CUSIP: 000000000<br>LEI: 529900G5P51053HJVZ92 | Long             | EC               | CORP              | HK        |   2333901 | NS      | $2357250.28   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Flow Traders Ltd                                             | Flow Traders Ltd                                             | CUSIP: 000000000<br>LEI: 549300GSUZI1V3BEXQ36 | Long             | EC               | CORP              | BM        |      9396 | NS      | $312537.59    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wharf Holdings Ltd/The                                       | Wharf Holdings Ltd/The                                       | CUSIP: 000000000<br>LEI: 254900JCV4TBBPX9IW91 | Long             | EC               | CORP              | HK        |    644833 | NS      | $1714554.91   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Odfjell Drilling Ltd                                         | Odfjell Drilling Ltd                                         | CUSIP: 000000000<br>LEI: 529900M08ZU24JXMPB85 | Long             | EC               | CORP              | BM        |     38878 | NS      | $242008.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanadevia Corp                                               | Kanadevia Corp                                               | CUSIP: 000000000<br>LEI: 5493006MPD0OCAMCE046 | Long             | EC               | CORP              | JP        |    324977 | NS      | $2128301.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| STO SE & Co KGaA                                             | STO SE & Co KGaA                                             | CUSIP: 000000000<br>LEI: 5299006NYTD89XM31K74 | Long             | EP               | CORP              | DE        |      5621 | NS      | $740224.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SBI Holdings Inc                                             | SBI Holdings Inc                                             | CUSIP: 000000000<br>LEI: 353800L6LMHYIPSMRQ17 | Long             | EC               | CORP              | JP        |     19969 | NS      | $607394.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kokusai Electric Corp                                        | Kokusai Electric Corp                                        | CUSIP: 000000000<br>LEI: 549300CDY6N3WKYK2I96 | Long             | EC               | CORP              | JP        |     52959 | NS      | $1101790.90   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamae Group Holdings Co Ltd                                  | Yamae Group Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     83805 | NS      | $1365435.77   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FIBI Holdings Ltd                                            | FIBI Holdings Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     25119 | NS      | $1650973.87   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Colowide Co Ltd                                              | Colowide Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     54533 | NS      | $687071.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CVC Capital Partners PLC                                     | CVC Capital Partners PLC                                     | CUSIP: 000000000<br>LEI: 213800E8UQS1KA32YD39 | Long             | EC               | CORP              | JE        |      7816 | NS      | $145252.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuit Group PLC                                             | Genuit Group PLC                                             | CUSIP: 000000000<br>LEI: 2138005IF1N2RKJ6KO18 | Long             | EC               | CORP              | GB        |    194175 | NS      | $1055274.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FLSmidth & Co A/S                                            | FLSmidth & Co A/S                                            | CUSIP: 000000000<br>LEI: 213800MXXDGQ3ITPXI41 | Long             | EC               | CORP              | DK        |     37681 | NS      | $2176875.94   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Shibaura Machine Co Ltd                                      | Shibaura Machine Co Ltd                                      | CUSIP: 000000000<br>LEI: 529900T7KEXD7VGOFO59 | Long             | EC               | CORP              | JP        |     22701 | NS      | $527820.47    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HDC Hyundai Development Co-Engineering & Construction        | HDC Hyundai Development Co-Engineering & Construction        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     93676 | NS      | $1588764.51   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Musashi Seimitsu Industry Co Ltd                             | Musashi Seimitsu Industry Co Ltd                             | CUSIP: 000000000<br>LEI: 353800J742CBBV9MSZ43 | Long             | EC               | CORP              | JP        |     93843 | NS      | $1861966.87   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rotork PLC                                                   | Rotork PLC                                                   | CUSIP: 000000000<br>LEI: 213800AH5RZIHGWRJ718 | Long             | EC               | CORP              | GB        |    462136 | NS      | $1960630.23   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanza Bank Holding AB                                       | Avanza Bank Holding AB                                       | CUSIP: 000000000<br>LEI: 549300MBWR5H8SIJLE03 | Long             | EC               | CORP              | SE        |     23900 | NS      | $850501.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyakugo Bank Ltd/The                                         | Hyakugo Bank Ltd/The                                         | CUSIP: 000000000<br>LEI: 549300BYCCERC5EKUX15 | Long             | EC               | CORP              | JP        |    165359 | NS      | $811352.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| S Foods Inc                                                  | S Foods Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59062 | NS      | $1069947.45   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| iM Financial Group Co Ltd                                    | iM Financial Group Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    428650 | NS      | $3470334.49   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Restar Corp                                                  | Restar Corp                                                  | CUSIP: 000000000<br>LEI: 353800609PNM9E4ZNY15 | Long             | EC               | CORP              | JP        |     39440 | NS      | $678402.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven Bank Ltd                                               | Seven Bank Ltd                                               | CUSIP: 000000000<br>LEI: 353800WMG1NLGHB7B594 | Long             | EC               | CORP              | JP        |    610658 | NS      | $1171843.79   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Daicel Corp                                                  | Daicel Corp                                                  | CUSIP: 000000000<br>LEI: 353800ZG4XF6D7NZGS72 | Long             | EC               | CORP              | JP        |    406727 | NS      | $3478298.75   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Safestore Holdings PLC                                       | Safestore Holdings PLC                                       | CUSIP: 000000000<br>LEI: 213800WGA3YSJC1YOH73 | Long             | EC               | CORP              | GB        |     86129 | NS      | $763100.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd          | HD Korea Shipbuilding & Offshore Engineering Co Ltd          | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |     25059 | NS      | $5748476.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Properties Real Estate Investment Trust               | Choice Properties Real Estate Investment Trust               | CUSIP: 17039A106<br>LEI: 5493007MYGFSLOZGT937 | Long             | EC               |  | CA        |    125053 | NS      | $1361535.63   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cowell e Holdings Inc                                        | Cowell e Holdings Inc                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    167029 | NS      | $476066.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Constellium SE                                               | Constellium SE                                               | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |    228886 | NS      | $2778676.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiskars OYJ Abp                                              | Fiskars OYJ Abp                                              | CUSIP: 000000000<br>LEI: 743700BKTW4EQIVKYY42 | Long             | EC               | CORP              | FI        |     25605 | NS      | $420905.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Keio Corp                                                    | Keio Corp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    104745 | NS      | $2544310.09   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Socionext Inc                                                | Socionext Inc                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     91156 | NS      | $1353805.11   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Curaleaf Holdings Inc                                        | Curaleaf Holdings Inc                                        | CUSIP: 23126M102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    138587 | NS      | $114905.40    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Open House Group Co Ltd                                      | Open House Group Co Ltd                                      | CUSIP: 000000000<br>LEI: 529900WQOGPBIJEHW865 | Long             | EC               | CORP              | JP        |     94097 | NS      | $4072461.03   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GungHo Online Entertainment Inc                              | GungHo Online Entertainment Inc                              | CUSIP: 000000000<br>LEI: 529900TH7FB4RV6F5S47 | Long             | EC               | CORP              | JP        |     61774 | NS      | $1185005.94   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubisoft Entertainment SA                                     | Ubisoft Entertainment SA                                     | CUSIP: 000000000<br>LEI: 969500I7C8V1LBIMSM05 | Long             | EC               | CORP              | FR        |    177728 | NS      | $2033798.94   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Aviation SA                                         | Dassault Aviation SA                                         | CUSIP: 000000000<br>LEI: 969500CVFTUT88V8QN95 | Long             | EC               | CORP              | FR        |      6235 | NS      | $2256557.49   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ridley Corp Ltd                                              | Ridley Corp Ltd                                              | CUSIP: 000000000<br>LEI: 549300UQM21UZW8DVW82 | Long             | EC               | CORP              | AU        |    310249 | NS      | $539083.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Vision Co Ltd                                         | Hanwha Vision Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8651 | NS      | $326677.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pirelli & C SpA                                              | Pirelli & C SpA                                              | CUSIP: 000000000<br>LEI: 815600A0C9AFC1F2A709 | Long             | EC               | CORP              | IT        |    479908 | NS      | $3432338.97   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Paz Retail And Energy Ltd                                    | Paz Retail And Energy Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     10908 | NS      | $1719974.77   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Youngone Corp                                                | Youngone Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     42822 | NS      | $1883956.95   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THK Co Ltd                                                   | THK Co Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    162479 | NS      | $4455659.61   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Godo Steel Ltd                                               | Godo Steel Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19200 | NS      | $502304.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinewood Technologies Group PLC                              | Pinewood Technologies Group PLC                              | CUSIP: 000000000<br>LEI: 213800VRSPZFOGMMIS18 | Long             | EC               | CORP              | GB        |    199407 | NS      | $1052784.16   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund   | State Street Institutional US Government Money Market Fund   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   5246734 | NS      | $5246733.70   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cofinimmo SA                                                 | Cofinimmo SA                                                 | CUSIP: 000000000<br>LEI: 549300TM914CSF6KI389 | Long             | EC               |  | BE        |     20079 | NS      | $1727837.59   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sawai Group Holdings Co Ltd                                  | Sawai Group Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    145743 | NS      | $1804427.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Takara Standard Co Ltd                                       | Takara Standard Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    129194 | NS      | $2069145.39   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stadler Rail AG                                              | Stadler Rail AG                                              | CUSIP: 000000000<br>LEI: 506700781XDET0A89669 | Long             | EC               | CORP              | CH        |     43076 | NS      | $1096889.93   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GLP J-Reit                                                   | GLP J-Reit                                                   | CUSIP: 000000000<br>LEI: 353800E27V9KA51K2I90 | Long             | EC               |  | JP        |      1581 | NS      | $1392599.19   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognor Holding SA                                            | Cognor Holding SA                                            | CUSIP: 000000000<br>LEI: 2594005SR5W00MCTG921 | Long             | EC               | CORP              | PL        |    281069 | NS      | $585849.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Generali SpA                                           | Banca Generali SpA                                           | CUSIP: 000000000<br>LEI: 815600903231FA2E7698 | Long             | EC               | CORP              | IT        |     35859 | NS      | $2090404.13   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Takamatsu Construction Group Co Ltd                          | Takamatsu Construction Group Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     39245 | NS      | $764528.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LX Hausys Ltd                                                | LX Hausys Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     28600 | NS      | $657113.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wharf Real Estate Investment Co Ltd                          | Wharf Real Estate Investment Co Ltd                          | CUSIP: 000000000<br>LEI: 529900QLPKS8U9QOPB59 | Long             | EC               | CORP              | KY        |    359347 | NS      | $900939.49    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixt SE                                                      | Sixt SE                                                      | CUSIP: 000000000<br>LEI: 5299004ZME6CSBR7WP07 | Long             | EC               | CORP              | DE        |     18292 | NS      | $1736037.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Worldline SA/France                                          | Worldline SA/France                                          | CUSIP: 000000000<br>LEI: 549300CJMQNCA0U4TS33 | Long             | EC               | CORP              | FR        |    241907 | NS      | $1436288.74   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Resorttrust Inc                                              | Resorttrust Inc                                              | CUSIP: 000000000<br>LEI: 353800FM9MYWH105SE11 | Long             | EC               | CORP              | JP        |    109543 | NS      | $1240847.11   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                                 | Ferrovial SE                                                 | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     14981 | NS      | $762602.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kakao Corp                                                   | Kakao Corp                                                   | CUSIP: 000000000<br>LEI: 988400FTKUBQXKVZP434 | Long             | EC               | CORP              | KR        |     97287 | NS      | $3010911.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanmore Resources Ltd                                       | Stanmore Resources Ltd                                       | CUSIP: 000000000<br>LEI: 52990090OHRBVS7DDA54 | Long             | EC               | CORP              | AU        |    118077 | NS      | $148937.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Accommodations Fund Inc                               | Nippon Accommodations Fund Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |       904 | NS      | $719841.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordex SE                                                    | Nordex SE                                                    | CUSIP: 000000000<br>LEI: 529900HVDYCUWVD0OE76 | Long             | EC               | CORP              | DE        |     59701 | NS      | $1211149.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tadano Ltd                                                   | Tadano Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    207421 | NS      | $1416779.08   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Salvatore Ferragamo SpA                                      | Salvatore Ferragamo SpA                                      | CUSIP: 000000000<br>LEI: 5493005GRP0FEE3NRI35 | Long             | EC               | CORP              | IT        |     92070 | NS      | $597346.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanamoto Co Ltd                                              | Kanamoto Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     96239 | NS      | $2200968.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Energy Solution Ltd                                       | LG Energy Solution Ltd                                       | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | EC               | CORP              | KR        |      5992 | NS      | $1242090.31   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicat SACA                                                   | Vicat SACA                                                   | CUSIP: 000000000<br>LEI: 9695009YI1863TOVDP79 | Long             | EC               | CORP              | FR        |     42159 | NS      | $2742436.34   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Iluka Resources Ltd                                          | Iluka Resources Ltd                                          | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |    492640 | NS      | $1163531.06   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nishimatsuya Chain Co Ltd                                    | Nishimatsuya Chain Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     64005 | NS      | $929723.69    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil Refineries Ltd                                           | Oil Refineries Ltd                                           | CUSIP: 000000000<br>LEI: 213800CWUC7NV7VR3D03 | Long             | EC               | CORP              | IL        |  10952280 | NS      | $2816536.21   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Retail Partners Co Ltd                                       | Retail Partners Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     82933 | NS      | $767860.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ocado Group PLC                                              | Ocado Group PLC                                              | CUSIP: 000000000<br>LEI: 213800LO8F61YB8MBC74 | Long             | EC               | CORP              | GB        |    246811 | NS      | $876027.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dino Polska SA                                               | Dino Polska SA                                               | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |     13413 | NS      | $1968670.41   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Juroku Financial Group Inc                                   | Juroku Financial Group Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     27841 | NS      | $951218.89    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CIE Automotive SA                                            | CIE Automotive SA                                            | CUSIP: 000000000<br>LEI: 95980020140005381252 | Long             | EC               | CORP              | ES        |     49484 | NS      | $1362285.62   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fattal Holdings 1998 Ltd                                     | Fattal Holdings 1998 Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      1070 | NS      | $161906.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HUGO BOSS AG                                                 | HUGO BOSS AG                                                 | CUSIP: 000000000<br>LEI: 529900LFVU534EBRXD13 | Long             | EC               | CORP              | DE        |     60142 | NS      | $2785669.96   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SCSK Corp                                                    | SCSK Corp                                                    | CUSIP: 000000000<br>LEI: 529900SNGFXMSUBB7864 | Long             | EC               | CORP              | JP        |    120284 | NS      | $3660328.11   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Macnica Fuji Electronics Holdings Inc                        | Macnica Holdings Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    271306 | NS      | $3610957.92   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| IPH Ltd                                                      | IPH Ltd                                                      | CUSIP: 000000000<br>LEI: 529900KRTADQ17ANK140 | Long             | EC               | CORP              | AU        |    158176 | NS      | $504899.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Reply SpA                                                    | Reply SpA                                                    | CUSIP: 000000000<br>LEI: 815600DAEFB0388F3521 | Long             | EC               | CORP              | IT        |      7965 | NS      | $1342776.91   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RTL Group SA                                                 | RTL Group SA                                                 | CUSIP: 000000000<br>LEI: 5493000C8J3C3SZYS040 | Long             | EC               | CORP              | LU        |     89630 | NS      | $3434146.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Canadian Solar Inc                                           | Canadian Solar Inc                                           | CUSIP: 136635109<br>LEI: 5493001XSC6TKMBVOM15 | Long             | EC               | CORP              | CA        |    175665 | NS      | $1849752.45   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Samhallsbyggnadsbolaget i Norden AB                          | Samhallsbyggnadsbolaget i Norden AB                          | CUSIP: 000000000<br>LEI: 549300HX9MRFY47AH564 | Long             | EC               | CORP              | SE        |   2218431 | NS      | $1299422.99   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| SHO-BOND Holdings Co Ltd                                     | SHO-BOND Holdings Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28506 | NS      | $967617.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Azimut Holding SpA                                           | Azimut Holding SpA                                           | CUSIP: 000000000<br>LEI: 81560025690EF8540635 | Long             | EC               | CORP              | IT        |     89637 | NS      | $2615243.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendas Real Estate Investment Trust                        | CapitaLand Ascendas REIT                                     | CUSIP: 000000000<br>LEI: 549300ILIBAEMQZK3L20 | Long             | EC               |  | SG        |   1326470 | NS      | $2725764.19   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kato Sangyo Co Ltd                                           | Kato Sangyo Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    117543 | NS      | $4317390.76   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Huber + Suhner AG                                            | Huber + Suhner AG                                            | CUSIP: 000000000<br>LEI: 5067007PRZ9OSX7A6787 | Long             | EC               | CORP              | CH        |     15424 | NS      | $1492554.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nickel Industries Ltd                                        | Nickel Industries Ltd                                        | CUSIP: 000000000<br>LEI: 54930007K0WX53TSIK16 | Long             | EC               | CORP              | AU        |   1496394 | NS      | $659657.91    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Wia Corp                                             | Hyundai Wia Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     70086 | NS      | $2169074.58   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hutchison Port Holdings Trust                                | Hutchison Port Holdings Trust                                | CUSIP: 000000000<br>LEI: 529900E8LS83XV4W6889 | Long             | EC               | CORP              | SG        |  16654452 | NS      | $2648057.87   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Acom Co Ltd                                                  | Acom Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    531604 | NS      | $1525236.88   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC                                                  | Beazley PLC                                                  | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    247447 | NS      | $3148409.92   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                                  | Shopify Inc                                                  | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     32246 | NS      | $3439073.01   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Zensho Holdings Co Ltd                                       | Zensho Holdings Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800DYF3UDM49ITT03 | Long             | EC               | CORP              | JP        |     41601 | NS      | $2277322.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopro BM Co Ltd                                             | Ecopro BM Co Ltd                                             | CUSIP: 000000000<br>LEI: 988400KB3FIHJINXCS55 | Long             | EC               | CORP              | KR        |      2204 | NS      | $143291.15    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SBM Offshore NV                                              | SBM Offshore NV                                              | CUSIP: 000000000<br>LEI: 549300RDGCRYZ5QE6513 | Long             | EC               | CORP              | NL        |    154839 | NS      | $3554292.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworth Group Ltd                                           | Skyworth Group Ltd                                           | CUSIP: 000000000<br>LEI: 529900LRFQSJWSSXY627 | Long             | EC               | CORP              | BM        |   4617075 | NS      | $1801716.43   | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Nine Dragons Paper Holdings Ltd                              | Nine Dragons Paper Holdings Ltd                              | CUSIP: 000000000<br>LEI: 529900TBMYEYJ2LEV906 | Long             | EC               | CORP              | BM        |   7521764 | NS      | $2983171.19   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuoka Financial Group Inc                                  | Fukuoka Financial Group Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    101896 | NS      | $2794998.91   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Jyske Bank A/S                                               | Jyske Bank A/S                                               | CUSIP: 000000000<br>LEI: 3M5E1GQGKL17HI6CPN30 | Long             | EC               | CORP              | DK        |     27272 | NS      | $2558792.83   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eramet SA                                                    | Eramet SA                                                    | CUSIP: 000000000<br>LEI: 549300LUH78PG2MP6N64 | Long             | EC               | CORP              | FR        |     15929 | NS      | $936720.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Dr Martens PLC                                               | Dr Martens PLC                                               | CUSIP: 000000000<br>LEI: 213800QPT8YM6NQZPH28 | Long             | EC               | CORP              | GB        |   1403129 | NS      | $1127745.32   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exedy Corp                                                   | Exedy Corp                                                   | CUSIP: 000000000<br>LEI: 35380047PHY08BBD5M18 | Long             | EC               | CORP              | JP        |     83221 | NS      | $2488642.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Toei Co Ltd                                                  | Toei Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     21183 | NS      | $710528.57    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Toshiba TEC Corp                                             | Toshiba TEC Corp                                             | CUSIP: 000000000<br>LEI: 529900BU7UO2N2ITYD43 | Long             | EC               | CORP              | JP        |     51852 | NS      | $1062589.58   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontline PLC                                                | Frontline PLC                                                | CUSIP: 000000000<br>LEI: 5493004BCIKYU1YL3H63 | Long             | EC               | CORP              | CY        |     86086 | NS      | $1573652.08   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| AMP Ltd                                                      | AMP Ltd                                                      | CUSIP: 000000000<br>LEI: 5299000D93LTLU0UJR35 | Long             | EC               | CORP              | AU        |   1995022 | NS      | $1604870.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom SA                                           | Cellnex Telecom SA                                           | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     67251 | NS      | $2574411.37   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitie Group PLC                                              | Mitie Group PLC                                              | CUSIP: 000000000<br>LEI: 213800MTCLTKEHWZMJ03 | Long             | EC               | CORP              | GB        |   1136830 | NS      | $2400791.57   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga & Co Ltd/Japan                                      | Morinaga & Co Ltd/Japan                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    101339 | NS      | $1676751.53   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Konishi Co Ltd                                               | Konishi Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     77775 | NS      | $597750.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Aviation Electronics Industry Ltd                      | Japan Aviation Electronics Industry Ltd                      | CUSIP: 000000000<br>LEI: 353800OSHAMOO6TCTF61 | Long             | EC               | CORP              | JP        |     89657 | NS      | $1560197.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yoshinoya Holdings Co Ltd                                    | Yoshinoya Holdings Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     62460 | NS      | $1389490.97   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eldorado Gold Corp                                           | Eldorado Gold Corp                                           | CUSIP: 284902509<br>LEI: 5493004PWQ01YDD1IH62 | Long             | EC               | CORP              | CA        |    101003 | NS      | $2034090.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pola Orbis Holdings Inc                                      | Pola Orbis Holdings Inc                                      | CUSIP: 000000000<br>LEI: 353800E8OIV0XYBABS79 | Long             | EC               | CORP              | JP        |    130507 | NS      | $1240447.35   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALS Ltd                                                      | ALS Ltd                                                      | CUSIP: 000000000<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |    200231 | NS      | $2070758.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                                        | Lynas Rare Earths Ltd                                        | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | AU        |    200854 | NS      | $1019858.06   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Canon Marketing Japan Inc                                    | Canon Marketing Japan Inc                                    | CUSIP: 000000000<br>LEI: 529900WMTZBIIROD5K97 | Long             | EC               | CORP              | JP        |     80540 | NS      | $2992865.17   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HS Hyosung Advanced Materials Corp                           | HS Hyosung Advanced Materials Corp                           | CUSIP: 000000000<br>LEI: 988400AB2I8GPHXE0685 | Long             | EC               | CORP              | KR        |      4819 | NS      | $695414.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clariane SE                                                  | Clariane SE                                                  | CUSIP: 000000000<br>LEI: 969500WEPS61H6TJM037 | Long             | EC               | CORP              | FR        |    302269 | NS      | $1295738.09   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Concordia Financial Group Ltd                                | Concordia Financial Group Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    593688 | NS      | $3814052.99   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Corp/Republic of Korea                                 | Orion Corp/Republic of Korea                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     23631 | NS      | $1890891.06   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Bobcat Inc                                            | Doosan Bobcat Inc                                            | CUSIP: 000000000<br>LEI: 9884007K6X0Q0112FX44 | Long             | EC               | CORP              | KR        |     83637 | NS      | $2849125.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stroeer SE & Co KGaA                                         | Stroeer SE & Co KGaA                                         | CUSIP: 000000000<br>LEI: 529900MBF3N1ATE55378 | Long             | EC               | CORP              | DE        |     22309 | NS      | $1291641.27   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pierre Et Vacances SA                                        | Pierre Et Vacances SA                                        | CUSIP: 000000000<br>LEI: 9695009FXHWX468RM706 | Long             | EC               | CORP              | FR        |     85875 | NS      | $139605.14    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Corp                               | Brookfield Infrastructure Corp                               | CUSIP: 11276H106<br>LEI: 254900YTMKBFJAKUBO55 | Long             | EC               | CORP              | CA        |     66167 | NS      | $2615496.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Nexity SA                                                    | Nexity SA                                                    | CUSIP: 000000000<br>LEI: 969500JJ71T2DIPDVV84 | Long             | EC               | CORP              | FR        |    242296 | NS      | $2756167.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kitz Corp                                                    | Kitz Corp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    150793 | NS      | $1219553.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Okamura Corp                                                 | Okamura Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    125566 | NS      | $1913577.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontron AG                                                   | Kontron AG                                                   | CUSIP: 000000000<br>LEI: 5299002PSXXMVHB26433 | Long             | EC               | CORP              | AT        |     35672 | NS      | $930613.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Cromwell Property Group                                      | Cromwell Property Group                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   1768001 | NS      | $398228.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yuasa Trading Co Ltd                                         | Yuasa Trading Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     51598 | NS      | $1616292.73   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DL E&C Co Ltd                                                | DL E&C Co Ltd                                                | CUSIP: 000000000<br>LEI: 988400UU0MCCBS1YP242 | Long             | EC               | CORP              | KR        |     36574 | NS      | $1280368.34   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirae Asset Securities Co Ltd                                | Mirae Asset Securities Co Ltd                                | CUSIP: 000000000<br>LEI: 98840072S6T63E2V1291 | Long             | EC               | CORP              | KR        |    234057 | NS      | $2637954.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Budimex SA                                                   | Budimex SA                                                   | CUSIP: 000000000<br>LEI: 25940093SDJZW2C1V355 | Long             | EC               | CORP              | PL        |      5053 | NS      | $841773.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alony Hetz Properties & Investments Ltd                      | Alony Hetz Properties & Investments Ltd                      | CUSIP: 000000000<br>LEI: 213800PNXOBRJDRRDC27 | Long             | EC               | CORP              | IL        |    109976 | NS      | $930959.19    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Valor Holdings Co Ltd                                        | Valor Holdings Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    208275 | NS      | $3524775.98   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Kiraboshi Financial Group Inc                          | Tokyo Kiraboshi Financial Group Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5054 | NS      | $197543.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Entertainment Group Ltd                               | Galaxy Entertainment Group Ltd                               | CUSIP: 000000000<br>LEI: 549300ZSEBV3HR826S10 | Long             | EC               | CORP              | HK        |    205242 | NS      | $874199.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Elia Group SA/NV                                             | Elia Group SA/NV                                             | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | EC               | CORP              | BE        |     21578 | NS      | $2285517.04   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Crest Nicholson Holdings plc                                 | Crest Nicholson Holdings plc                                 | CUSIP: 000000000<br>LEI: 213800ROIFXRRRKVQD25 | Long             | EC               | CORP              | GB        |    400916 | NS      | $987777.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Want Want China Holdings Ltd                                 | Want Want China Holdings Ltd                                 | CUSIP: 000000000<br>LEI: 5299005HZCEKX4O1J230 | Long             | EC               | CORP              | KY        |   4589941 | NS      | $2955946.47   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JDE Peet's NV                                                | JDE Peet's NV                                                | CUSIP: 000000000<br>LEI: 724500EHG519SE5ZRT89 | Long             | EC               | CORP              | NL        |    128618 | NS      | $3536450.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsonite Group SA                                           | Samsonite Group SA                                           | CUSIP: 000000000<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | LU        |    582129 | NS      | $1097215.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerflex Ltd                                                 | Enerflex Ltd                                                 | CUSIP: 29269R105<br>LEI: 54930014N7872VUS3F89 | Long             | EC               | CORP              | CA        |    194587 | NS      | $1368527.07   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sagax AB                                                     | Sagax AB                                                     | CUSIP: 000000000<br>LEI: 549300LJX28T6OM8DT95 | Long             | EC               | CORP              | SE        |     26413 | NS      | $576936.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Belc Co Ltd                                                  | Belc Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     27981 | NS      | $1370980.77   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV                               | BE Semiconductor Industries NV                               | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     15964 | NS      | $1931020.15   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Internet Initiative Japan Inc                                | Internet Initiative Japan Inc                                | CUSIP: 000000000<br>LEI: 529900EOCJNAPUHDFR78 | Long             | EC               | CORP              | JP        |     88754 | NS      | $1712402.62   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextage Co Ltd                                               | Nextage Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     69552 | NS      | $800140.82    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Riko Co Ltd                                         | Sumitomo Riko Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     23840 | NS      | $285329.91    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Cyprus Holdings PLC                                  | Bank of Cyprus Holdings PLC                                  | CUSIP: 000000000<br>LEI: 635400L14KNHZXPUZM19 | Long             | EC               | CORP              | IE        |     58711 | NS      | $405242.22    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Totetsu Kogyo Co Ltd                                         | Totetsu Kogyo Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     48698 | NS      | $1176149.76   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DMG Mori Co Ltd                                              | DMG Mori Co Ltd                                              | CUSIP: 000000000<br>LEI: 353800P4I3FIXTQV2E13 | Long             | EC               | CORP              | JP        |    117538 | NS      | $2518642.34   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Construction Co Ltd                                     | Toyo Construction Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    113733 | NS      | $1134216.62   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sega Sammy Holdings Inc                                      | Sega Sammy Holdings Inc                                      | CUSIP: 000000000<br>LEI: 5493006B6WMKNQ8QNP51 | Long             | EC               | CORP              | JP        |    152843 | NS      | $2892254.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trend Micro Inc/Japan                                        | Trend Micro Inc/Japan                                        | CUSIP: 000000000<br>LEI: 3538005O5UJ5RNAGVE16 | Long             | EC               | CORP              | JP        |     60331 | NS      | $4526027.06   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| THG PLC                                                      | THG PLC                                                      | CUSIP: 000000000<br>LEI: 21380066N3SV9O8IDP37 | Long             | EC               | CORP              | GB        |   1256906 | NS      | $411546.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Renew Holdings PLC                                           | Renew Holdings PLC                                           | CUSIP: 000000000<br>LEI: 213800O3DC3V4WYA2E09 | Long             | EC               | CORP              | GB        |     58890 | NS      | $651212.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co KGaA                                     | CTS Eventim AG & Co KGaA                                     | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |      8622 | NS      | $1044393.28   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Towngas Smart Energy Co Ltd                                  | Towngas Smart Energy Co Ltd                                  | CUSIP: 000000000<br>LEI: 254900BX211RVPV37P96 | Long             | EC               | CORP              | KY        |   1842812 | NS      | $843671.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Denka Co Ltd                                                 | Denka Co Ltd                                                 | CUSIP: 000000000<br>LEI: 353800Y94EKQEH8MVD43 | Long             | EC               | CORP              | JP        |     65377 | NS      | $931756.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| J Front Retailing Co Ltd                                     | J Front Retailing Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    289598 | NS      | $4080201.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Orient Corp                                                  | Orient Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    110481 | NS      | $641623.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Vopak NV                                         | Koninklijke Vopak NV                                         | CUSIP: 000000000<br>LEI: 724500UL634GFV1KYF10 | Long             | EC               | CORP              | NL        |     44522 | NS      | $2039940.29   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuda Denshi Co Ltd                                         | Fukuda Denshi Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     23869 | NS      | $1091759.24   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| De' Longhi SpA                                               | De' Longhi SpA                                               | CUSIP: 000000000<br>LEI: 8156000E09A52C4F8A38 | Long             | EC               | CORP              | IT        |     36655 | NS      | $1199275.14   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixt SE                                                      | Sixt SE                                                      | CUSIP: 000000000<br>LEI: 5299004ZME6CSBR7WP07 | Long             | EP               | CORP              | DE        |     21012 | NS      | $1433618.17   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co Ltd                                     | Samsung Biologics Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       210 | NS      | $157077.63    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Holdings Co Japan Ltd                             | McDonald's Holdings Co Japan Ltd                             | CUSIP: 000000000<br>LEI: 529900FY9FV0AYNRC729 | Long             | EC               | CORP              | JP        |     63300 | NS      | $2680363.14   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Takuma Co Ltd                                                | Takuma Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     98439 | NS      | $1387608.21   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Co Ltd                                                | Nomura Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    144474 | NS      | $874082.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokian Renkaat Oyj                                           | Nokian Renkaat Oyj                                           | CUSIP: 000000000<br>LEI: 743700YQIO8Y4L4WKR40 | Long             | EC               | CORP              | FI        |    384338 | NS      | $2866621.32   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Wealth Solutions Ltd                              | Brookfield Wealth Solutions Ltd                              | CUSIP: 000000000<br>LEI: 9845004583U3B8E06924 | Long             | EC               | CORP              | BM        |     23165 | NS      | $1354233.03   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsuboshi Belting Ltd                                       | Mitsuboshi Belting Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28803 | NS      | $714610.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Shokuhin Co Ltd                                   | Mitsubishi Shokuhin Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     92500 | NS      | $4051422.43   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NRW Holdings Ltd                                             | NRW Holdings Ltd                                             | CUSIP: 000000000<br>LEI: 5493003S2MORCH0HEL95 | Long             | EC               | CORP              | AU        |    724233 | NS      | $1305024.26   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Obsidian Energy Ltd                                          | Obsidian Energy Ltd                                          | CUSIP: 674482203<br>LEI: 549300DITPHH8W8CK636 | Long             | EC               | CORP              | CA        |    107556 | NS      | $513940.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanki Engineering Co Ltd                                     | Sanki Engineering Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     83728 | NS      | $2204971.76   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Yellow Hat Ltd                                               | Yellow Hat Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    140533 | NS      | $1474527.61   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gestamp Automocion SA                                        | Gestamp Automocion SA                                        | CUSIP: 000000000<br>LEI: 95980020140005484363 | Long             | EC               | CORP              | ES        |    580031 | NS      | $1931981.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Westgold Resources Ltd                                       | Westgold Resources Ltd                                       | CUSIP: 000000000<br>LEI: 2549003AMX9BL7CKBQ74 | Long             | EC               | CORP              | AU        |    252415 | NS      | $493822.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosegur Cia de Seguridad SA                                 | Prosegur Cia de Seguridad SA                                 | CUSIP: 000000000<br>LEI: 549300N94L4D5NDBFG97 | Long             | EC               | CORP              | ES        |    392993 | NS      | $1215746.30   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisshinbo Holdings Inc                                       | Nisshinbo Holdings Inc                                       | CUSIP: 000000000<br>LEI: 353800YAM89GL5GPHB47 | Long             | EC               | CORP              | JP        |    488783 | NS      | $3139430.23   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Danieli & C Officine Meccaniche SpA                          | Danieli & C Officine Meccaniche SpA                          | CUSIP: 000000000<br>LEI: 815600B4B8C6A353E566 | Long             | EC               | CORP              | IT        |     12544 | NS      | $512660.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICADE                                                        | ICADE                                                        | CUSIP: 000000000<br>LEI: 969500UDH342QLTE1M42 | Long             | EC               |  | FR        |     71651 | NS      | $1965218.38   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DocMorris AG                                                 | DocMorris AG                                                 | CUSIP: 000000000<br>LEI: 50670038OH136R5Z4663 | Long             | EC               | CORP              | CH        |     18480 | NS      | $190187.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DSM-Firmenich AG                                             | DSM-Firmenich AG                                             | CUSIP: 000000000<br>LEI: 506700G44V67MPM4BI12 | Long             | EC               | CORP              | CH        |     10563 | NS      | $1175421.44   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| International Petroleum Corp                                 | International Petroleum Corp                                 | CUSIP: 46016U108<br>LEI: 54930025D80LU0SMR645 | Long             | EC               | CORP              | CA        |     79109 | NS      | $1111073.36   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hikma Pharmaceuticals PLC                                    | Hikma Pharmaceuticals PLC                                    | CUSIP: 000000000<br>LEI: 549300BNS685UXH4JI75 | Long             | EC               | CORP              | GB        |    113369 | NS      | $3271713.48   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Daishin Securities Co Ltd                                    | Daishin Securities Co Ltd                                    | CUSIP: 000000000<br>LEI: 549300A0MNIZNJBONO78 | Long             | EP               | CORP              | KR        |     36481 | NS      | $502912.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Harim Holdings Co Ltd                                        | Harim Holdings Co Ltd                                        | CUSIP: 000000000<br>LEI: 988400HGJVPRYCRSZI12 | Long             | EC               | CORP              | KR        |    633169 | NS      | $3937515.42   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Luzerner Kantonalbank AG                                     | Luzerner Kantonalbank AG                                     | CUSIP: 000000000<br>LEI: 549300C2XKS86VQDGV41 | Long             | EC               | CORP              | CH        |      1827 | NS      | $152111.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui E&S Co Ltd                                            | Mitsui E&S Co Ltd                                            | CUSIP: 000000000<br>LEI: 5493007T2YKKWF2NYN82 | Long             | EC               | CORP              | JP        |    128388 | NS      | $2095386.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Real Estate Investment Trust                         | Granite Real Estate Investment Trust                         | CUSIP: 387437205<br>LEI: 549300A6I7CLE0ZC0396 | Long             | EC               |  | CA        |     17950 | NS      | $917767.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shufersal Ltd                                                | Shufersal Ltd                                                | CUSIP: 000000000<br>LEI: 984500F64E05B78E0D41 | Long             | EC               | CORP              | IL        |    274977 | NS      | $2752778.29   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Ascott Trust                                      | CapitaLand Ascott Trust                                      | CUSIP: 000000000<br>LEI: 549300W6RTG7Y32IWY65 | Long             | EC               |  | SG        |   1273588 | NS      | $844384.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Games Workshop Group PLC                                     | Games Workshop Group PLC                                     | CUSIP: 000000000<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |     11307 | NS      | $2337527.46   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Indutrade AB                                                 | Indutrade AB                                                 | CUSIP: 000000000<br>LEI: 549300FISLQ6CEFP1867 | Long             | EC               | CORP              | SE        |     73914 | NS      | $1999266.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amotiv Ltd                                                   | Amotiv Ltd                                                   | CUSIP: 000000000<br>LEI: 254900KHH5GGEGUIZS22 | Long             | EC               | CORP              | AU        |     93040 | NS      | $473618.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Duerr AG                                                     | Duerr AG                                                     | CUSIP: 000000000<br>LEI: 5299003APZ54EDTSRO20 | Long             | EC               | CORP              | DE        |     76072 | NS      | $1977661.45   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| City Developments Ltd                                        | City Developments Ltd                                        | CUSIP: 000000000<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |    493609 | NS      | $1852564.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanjin Transportation Co Ltd                                 | Hanjin Transportation Co Ltd                                 | CUSIP: 000000000<br>LEI: 988400LO26A0RGCPTR73 | Long             | EC               | CORP              | KR        |     38419 | NS      | $568056.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Discovery Co Ltd                                          | SK Discovery Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     53313 | NS      | $1810331.27   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hill & Smith PLC                                             | Hill & Smith PLC                                             | CUSIP: 000000000<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |     44949 | NS      | $1122608.15   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SSP Group Plc                                                | SSP Group Plc                                                | CUSIP: 000000000<br>LEI: 213800QGNIWTXFMENJ24 | Long             | EC               | CORP              | GB        |    725301 | NS      | $1595289.15   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Aerospace Co Ltd                                      | Hanwha Aerospace Co Ltd Rights                               | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |       496 | NS      | $45656.30     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cairn Homes PLC                                              | Cairn Homes PLC                                              | CUSIP: 000000000<br>LEI: 635400DPX6WP2KKDOA83 | Long             | EC               | CORP              | IE        |    595171 | NS      | $1478422.49   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamakyorex Co Ltd                                            | Hamakyorex Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     24351 | NS      | $217023.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemtrade Logistics Income Fund                              | Chemtrade Logistics Income Fund                              | CUSIP: 16387P103<br>LEI: 254900UOUPEC6HRUR935 | Long             | EC               | CORP              | CA        |    179827 | NS      | $1471365.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TOMRA Systems ASA                                            | TOMRA Systems ASA                                            | CUSIP: 000000000<br>LEI: 549300J726JCFJU3VT89 | Long             | EC               | CORP              | NO        |     86770 | NS      | $1294269.73   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Furukawa Co Ltd                                              | Furukawa Co Ltd                                              | CUSIP: 000000000<br>LEI: 353800PX0BWY7U1VKE72 | Long             | EC               | CORP              | JP        |     67887 | NS      | $1059977.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung E&A Co Ltd                                           | Samsung E&A Co Ltd                                           | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |    210492 | NS      | $3318258.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First International Bank Of Israel Ltd/The                   | First International Bank Of Israel Ltd/The                   | CUSIP: 000000000<br>LEI: 2138002RV6AUUX19F397 | Long             | EC               | CORP              | IL        |     29834 | NS      | $1873552.99   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurita Water Industries Ltd                                  | Kurita Water Industries Ltd                                  | CUSIP: 000000000<br>LEI: 52990086GS2ON69UMX34 | Long             | EC               | CORP              | JP        |     90524 | NS      | $3392101.38   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd                                          | Burford Capital Ltd                                          | CUSIP: 000000000<br>LEI: 549300FUKUWFYJMT2277 | Long             | EC               | CORP              | GG        |     55810 | NS      | $716123.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jungheinrich AG                                              | Jungheinrich AG                                              | CUSIP: 000000000<br>LEI: 529900PHZORTU6FSXE73 | Long             | EP               | CORP              | DE        |     74588 | NS      | $2997532.19   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokmanni Group Corp                                          | Tokmanni Group Corp                                          | CUSIP: 000000000<br>LEI: 743700VMG6KWF0FW1560 | Long             | EC               | CORP              | FI        |     70888 | NS      | $888450.89    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Binggrae Co Ltd                                              | Binggrae Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2490 | NS      | $163328.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Huhtamaki Oyj                                                | Huhtamaki Oyj                                                | CUSIP: 000000000<br>LEI: 5493007050SJVMXN6L29 | Long             | EC               | CORP              | FI        |     92473 | NS      | $3413949.68   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Taekwang Industrial Co Ltd                                   | Taekwang Industrial Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1248 | NS      | $880121.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamato Kogyo Co Ltd                                          | Yamato Kogyo Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     29479 | NS      | $1747350.13   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dah Sing Financial Holdings Ltd                              | Dah Sing Financial Holdings Ltd                              | CUSIP: 000000000<br>LEI: 529900J55QMXMR5KMH32 | Long             | EC               | CORP              | HK        |    279354 | NS      | $1045589.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kier Group PLC                                               | Kier Group PLC                                               | CUSIP: 000000000<br>LEI: 2138002RKCU2OM4Y7O48 | Long             | EC               | CORP              | GB        |    874172 | NS      | $1987566.35   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Health & Happiness H&H International Holdings Ltd            | Health & Happiness H&H International Holdings Ltd            | CUSIP: 000000000<br>LEI: 2138007WU5DJFZFDDV59 | Long             | EC               | CORP              | KY        |    381445 | NS      | $627508.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group PLC                                            | QinetiQ Group PLC                                            | CUSIP: 000000000<br>LEI: 213800S8OBDOZMCMUW34 | Long             | EC               | CORP              | GB        |    363864 | NS      | $2439705.38   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Athabasca Oil Corp                                           | Athabasca Oil Corp                                           | CUSIP: 04682R107<br>LEI: 549300STK2KBVO6WED71 | Long             | EC               | CORP              | CA        |    273245 | NS      | $1025451.25   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Real Estate Investment Corp                            | Japan Real Estate Investment Corp                            | CUSIP: 000000000<br>LEI: 3538003YAIR3CBGJJ928 | Long             | EC               |  | JP        |      3070 | NS      | $2489275.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Grainger PLC                                                 | Grainger PLC                                                 | CUSIP: 000000000<br>LEI: 2138007CEIRKZMNI2979 | Long             | EC               | CORP              | GB        |    298805 | NS      | $896571.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Hall Group                                           | Charter Hall Group                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    190013 | NS      | $2221879.42   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CJ ENM Co Ltd                                                | CJ ENM Co Ltd                                                | CUSIP: 000000000<br>LEI: 9884005N1TS61ILH6840 | Long             | EC               | CORP              | KR        |     41615 | NS      | $1854984.78   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OC Oerlikon Corp AG Pfaffikon                                | OC Oerlikon Corp AG Pfaffikon                                | CUSIP: 000000000<br>LEI: 529900I8VLAZR2FJ0M10 | Long             | EC               | CORP              | CH        |    371143 | NS      | $1713975.46   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirose Electric Co Ltd                                       | Hirose Electric Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     21777 | NS      | $2564130.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EDION Corp                                                   | EDION Corp                                                   | CUSIP: 000000000<br>LEI: 353800697NBCW7EAHZ97 | Long             | EC               | CORP              | JP        |    315547 | NS      | $4165889.57   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Inficon Holding AG                                           | Inficon Holding AG                                           | CUSIP: 000000000<br>LEI: 5067008UT6890I0YM937 | Long             | EC               | CORP              | CH        |      5033 | NS      | $591180.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Schaeffler AG                                                | Schaeffler AG                                                | CUSIP: 000000000<br>LEI: 549300Q7E782X7GC1P43 | Long             | EC               | CORP              | DE        |    184334 | NS      | $887284.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kongsberg Gruppen ASA                                        | Kongsberg Gruppen ASA                                        | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |     15071 | NS      | $2652173.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexerials Corp                                               | Dexerials Corp                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     79594 | NS      | $1164992.05   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmet Oyj                                                   | Valmet Oyj                                                   | CUSIP: 000000000<br>LEI: 213800D9O7FUQDH83V62 | Long             | EC               | CORP              | FI        |    140838 | NS      | $4593535.82   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UACJ Corp                                                    | UACJ Corp                                                    | CUSIP: 000000000<br>LEI: 353800GO7FBE4RSRH831 | Long             | EC               | CORP              | JP        |     89628 | NS      | $3034289.34   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| New Hope Corp Ltd                                            | New Hope Corp Ltd                                            | CUSIP: 000000000<br>LEI: 254900DHRUGXZSLSNZ83 | Long             | EC               | CORP              | AU        |    582421 | NS      | $1394319.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Yuasa Corp                                                | GS Yuasa Corp                                                | CUSIP: 000000000<br>LEI: 353800MW7O6PQQHLDR79 | Long             | EC               | CORP              | JP        |    191943 | NS      | $3513090.98   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Deliveroo PLC                                                | Deliveroo PLC                                                | CUSIP: 000000000<br>LEI: 984500F6537F74DDEE77 | Long             | EC               | CORP              | GB        |    147424 | NS      | $348909.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Infracore Co Ltd                                  | HD Hyundai Infracore Co Ltd                                  | CUSIP: 000000000<br>LEI: 988400TP9XND969CO672 | Long             | EC               | CORP              | KR        |    205935 | NS      | $1410513.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sakata INX Corp                                              | Sakata INX Corp                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    104739 | NS      | $1399471.86   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd                                       | Ramelius Resources Ltd                                       | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |    610309 | NS      | $1131161.22   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALSO Holding AG                                              | ALSO Holding AG                                              | CUSIP: 000000000<br>LEI: 529900ACS8A6PTQI6141 | Long             | EC               | CORP              | CH        |     10370 | NS      | $3275534.05   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GMO internet group Inc                                       | GMO internet group Inc                                       | CUSIP: 000000000<br>LEI: 529900BFZEY3BESHBW90 | Long             | EC               | CORP              | JP        |     49596 | NS      | $1206087.28   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FUJI OIL CO LTD /Osaka                                       | FUJI OIL CO LTD /Osaka                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     90640 | NS      | $1859974.64   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheil Worldwide Inc                                          | Cheil Worldwide Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    107007 | NS      | $1423967.91   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanken Electric Co Ltd                                       | Sanken Electric Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900516DFVRCC25K90 | Long             | EC               | CORP              | JP        |     31319 | NS      | $1636110.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SEEK Ltd                                                     | SEEK Ltd                                                     | CUSIP: 000000000<br>LEI: 549300209NEKXBC8QO27 | Long             | EC               | CORP              | AU        |    108963 | NS      | $1704693.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Schroders PLC                                                | Schroders PLC                                                | CUSIP: 000000000<br>LEI: 2138001YYBULX5SZ2H24 | Long             | EC               | CORP              | GB        |    790898 | NS      | $3790574.83   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Salmar ASA                                                   | Salmar ASA                                                   | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGDBK67 | Long             | EC               | CORP              | NO        |     26948 | NS      | $1200074.38   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NETLINK NBN TRUST                                            | NETLINK NBN TRUST                                            | CUSIP: 000000000<br>LEI: 25490032IBVZHHXJIM98 | Long             | EC               | CORP              | SG        |   1276986 | NS      | $856539.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Pacific Co Ltd                                         | First Pacific Co Ltd                                         | CUSIP: 000000000<br>LEI: 254900VS1MDQSDM9DE09 | Long             | EC               | CORP              | BM        |   6753294 | NS      | $4641971.89   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CAR Group Ltd                                                | CAR Group Ltd                                                | CUSIP: 000000000<br>LEI: 5299009TFWZGH2AN7D11 | Long             | EC               | CORP              | AU        |     50194 | NS      | $1148671.38   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Metropolitan Fund Invest                               | Japan Metropolitan Fund Invest                               | CUSIP: 000000000<br>LEI: 353800QDHNIP60E1LQ93 | Long             | EC               |  | JP        |      3700 | NS      | $2528292.73   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Aedifica SA                                                  | Aedifica SA                                                  | CUSIP: 000000000<br>LEI: 529900DTKNXL0AXQFN28 | Long             | EC               |  | BE        |     12832 | NS      | $968740.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Landis+Gyr Group AG                                          | Landis+Gyr Group AG                                          | CUSIP: 000000000<br>LEI: 529900PZYVAKCYSLFL19 | Long             | EC               | CORP              | CH        |     22328 | NS      | $1407814.98   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Frasers Logistics & Commercial Trust                         | Frasers Logistics & Commercial Trust                         | CUSIP: 000000000<br>LEI: 25490039A7FZFHHURL81 | Long             | EC               |  | SG        |   1133589 | NS      | $698823.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nishi-Nippon Financial Holdings Inc                          | Nishi-Nippon Financial Holdings Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     88256 | NS      | $1316240.42   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Telecom Plus PLC                                             | Telecom Plus PLC                                             | CUSIP: 000000000<br>LEI: 549300QGHDX5UKE58G86 | Long             | EC               | CORP              | GB        |     55027 | NS      | $1495264.63   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O Retailing Corp                                           | H2O Retailing Corp                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    199953 | NS      | $2739575.74   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IPSOS SA                                                     | IPSOS SA                                                     | CUSIP: 000000000<br>LEI: 9695002OY2X35E9X8W87 | Long             | EC               | CORP              | FR        |     43119 | NS      | $2199851.58   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopro Co Ltd                                                | Ecopro Co Ltd                                                | CUSIP: 000000000<br>LEI: 9884006OCHPD0V2O6P20 | Long             | EC               | CORP              | KR        |     16181 | NS      | $501954.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hachijuni Bank Ltd/The                                       | Hachijuni Bank Ltd/The                                       | CUSIP: 000000000<br>LEI: FE70I3MHDCWOZWK19W48 | Long             | EC               | CORP              | JP        |    200542 | NS      | $1631631.78   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stella International Holdings Ltd                            | Stella International Holdings Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    720500 | NS      | $1286352.83   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepco Group NV                                               | Pepco Group NV                                               | CUSIP: 000000000<br>LEI: 213800OVMJPFP79OB449 | Long             | EC               | CORP              | NL        |    177800 | NS      | $811473.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| G City Ltd                                                   | G City Ltd                                                   | CUSIP: 000000000<br>LEI: 213800EO12XXGZSQ2A73 | Long             | EC               | CORP              | IL        |    193423 | NS      | $679340.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JGC Holdings Corp                                            | JGC Holdings Corp                                            | CUSIP: 000000000<br>LEI: 5493003WMGG79YLARU68 | Long             | EC               | CORP              | JP        |    429015 | NS      | $3616873.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Embracer Group AB                                            | Embracer Group AB                                            | CUSIP: 000000000<br>LEI: 549300RFXXKT652HB549 | Long             | EC               | CORP              | SE        |     76513 | NS      | $929631.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 4imprint Group PLC                                           | 4imprint Group PLC                                           | CUSIP: 000000000<br>LEI: 213800G95T751RN2CT94 | Long             | EC               | CORP              | GB        |     12881 | NS      | $616659.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gunze Ltd                                                    | Gunze Ltd                                                    | CUSIP: 000000000<br>LEI: 353800VSSDM5IY8UNW44 | Long             | EC               | CORP              | JP        |     58008 | NS      | $1358793.03   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pets at Home Group Plc                                       | Pets at Home Group Plc                                       | CUSIP: 000000000<br>LEI: 2138003Y9ULD24PD3J93 | Long             | EC               | CORP              | GB        |    661420 | NS      | $2377960.53   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc                                   | SolarEdge Technologies Inc                                   | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |     96193 | NS      | $1718006.98   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LS Corp                                                      | LS Corp                                                      | CUSIP: 000000000<br>LEI: 988400SQWZ34LADYL505 | Long             | EC               | CORP              | KR        |     34665 | NS      | $4002416.83   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Netmarble Corp                                               | Netmarble Corp                                               | CUSIP: 000000000<br>LEI: 988400T1LQCQT8H5EO27 | Long             | EC               | CORP              | KR        |      5613 | NS      | $207888.89    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Sports Fashion PLC                                        | JD Sports Fashion PLC                                        | CUSIP: 000000000<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |   1678746 | NS      | $1904370.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Financial Ltd                                        | Phoenix Financial Ltd                                        | CUSIP: 000000000<br>LEI: 254900IUA68QTCFYHE30 | Long             | EC               | CORP              | IL        |    156418 | NS      | $3769161.99   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Winpak Ltd                                                   | Winpak Ltd                                                   | CUSIP: 97535P104<br>LEI: 549300FWDGJBHZHH8U59 | Long             | EC               | CORP              | CA        |     25711 | NS      | $825212.87    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hokkoku Financial Holdings Inc                               | Hokkoku Financial Holdings Inc                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18663 | NS      | $640875.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Paint Holdings Co Ltd                                 | Nippon Paint Holdings Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900RYRJUN78A7PL87 | Long             | EC               | CORP              | JP        |    555556 | NS      | $4194727.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyoto Financial Group Inc                                    | Kyoto Financial Group Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     80355 | NS      | $1344308.33   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Shizuoka Financial Group Inc                                 | Shizuoka Financial Group Inc                                 | CUSIP: 000000000<br>LEI: 353800MNO5C8V2SHGA81 | Long             | EC               | CORP              | JP        |    264423 | NS      | $3097869.51   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mullen Group Ltd                                             | Mullen Group Ltd                                             | CUSIP: 625284104<br>LEI: 549300KLU7H5NA3I5P62 | Long             | EC               | CORP              | CA        |    143832 | NS      | $1459294.08   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Organo Corp                                                  | Organo Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3144 | NS      | $169298.17    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group Inc                             | Colliers International Group Inc                             | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     10344 | NS      | $1245387.66   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Bank of Korea                                     | Industrial Bank of Korea                                     | CUSIP: 000000000<br>LEI: 988400RBIWE3YA18PK12 | Long             | EC               | CORP              | KR        |     74636 | NS      | $851468.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Building Fund Inc                                     | Nippon Building Fund Inc                                     | CUSIP: 000000000<br>LEI: 52990053R8NL2MB32172 | Long             | EC               |  | JP        |      3237 | NS      | $2952210.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapporo Holdings Ltd                                         | Sapporo Holdings Ltd                                         | CUSIP: 000000000<br>LEI: 353800ITDYV3AD2X5M34 | Long             | EC               | CORP              | JP        |     51820 | NS      | $2642085.59   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tocalo Co Ltd                                                | Tocalo Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     52972 | NS      | $659327.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Matas A/S                                                    | Matas A/S                                                    | CUSIP: 000000000<br>LEI: 2138004PXX8LWGHGL872 | Long             | EC               | CORP              | DK        |     11105 | NS      | $228496.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Financial Group Co Ltd                                    | JB Financial Group Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    187089 | NS      | $2558794.98   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GPT Group/The                                                | GPT Group/The                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    721066 | NS      | $2227401.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Prologis REIT Inc                                     | Nippon Prologis REIT Inc                                     | CUSIP: 000000000<br>LEI: 353800PHBMSDLAFURY41 | Long             | EC               |  | JP        |      2439 | NS      | $1301521.19   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| DNO ASA                                                      | DNO ASA                                                      | CUSIP: 000000000<br>LEI: 5967007LIEEXZXH3K072 | Long             | EC               | CORP              | NO        |   2248095 | NS      | $2677783.55   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| easyJet PLC                                                  | easyJet PLC                                                  | CUSIP: 000000000<br>LEI: 2138001S47XKWIB7TH90 | Long             | EC               | CORP              | GB        |    477449 | NS      | $3709944.53   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Swissquote Group Holding SA                                  | Swissquote Group Holding SA                                  | CUSIP: 000000000<br>LEI: 549300O3WME82RDPEN66 | Long             | EC               | CORP              | CH        |       398 | NS      | $238446.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Token Corp                                                   | Token Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19460 | NS      | $1809856.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Megmilk Snow Brand Co Ltd                                    | Megmilk Snow Brand Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    182495 | NS      | $3565289.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Bed Holdings Co Ltd                                | Paramount Bed Holdings Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     50076 | NS      | $863433.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Real Estate Investment Trust                         | Fortune Real Estate Investment Trust                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | HK        |   1428966 | NS      | $814568.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobico Group PLC                                             | Mobico Group PLC                                             | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | EC               | CORP              | GB        |   1853583 | NS      | $747395.37    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cembra Money Bank AG                                         | Cembra Money Bank AG                                         | CUSIP: 000000000<br>LEI: 549300ZDHOETLAIVTE82 | Long             | EC               | CORP              | CH        |     16978 | NS      | $2089313.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dai-Dan Co Ltd                                               | Dai-Dan Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40416 | NS      | $1174989.57   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| E-L Financial Corp Ltd                                       | E-L Financial Corp Ltd                                       | CUSIP: 268575107<br>LEI: 5493008YS2NMV2UCI287 | Long             | EC               | CORP              | CA        |       275 | NS      | $332012.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HOCHTIEF AG                                                  | HOCHTIEF AG                                                  | CUSIP: 000000000<br>LEI: 529900Y25S8NZIYTT924 | Long             | EC               | CORP              | DE        |     13313 | NS      | $2448401.17   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Clariant AG                                                  | Clariant AG                                                  | CUSIP: 000000000<br>LEI: 529900VSEKBY7TMPP349 | Long             | EC               | CORP              | CH        |    221700 | NS      | $2502912.18   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trigano SA                                                   | Trigano SA                                                   | CUSIP: 000000000<br>LEI: 969500KLZPNMO8TUM811 | Long             | EC               | CORP              | FR        |     11195 | NS      | $1640748.33   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Business Corp                                     | Brookfield Business Corp                                     | CUSIP: 11259V106<br>LEI: 2549005XWAHF5YCLN502 | Long             | EC               | CORP              | CA        |     51702 | NS      | $1481175.16   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| NSD Co Ltd                                                   | NSD Co Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     38538 | NS      | $951331.34    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Viscofan SA                                                  | Viscofan SA                                                  | CUSIP: 000000000<br>LEI: 95980020140005684765 | Long             | EC               | CORP              | ES        |     34014 | NS      | $2448153.23   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Marine & Fire Insurance Co Ltd                       | Hyundai Marine & Fire Insurance Co Ltd                       | CUSIP: 000000000<br>LEI: 988400SYR92543UITC37 | Long             | EC               | CORP              | KR        |    155170 | NS      | $2738558.74   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dundee Precious Metals Inc                                   | Dundee Precious Metals Inc                                   | CUSIP: 265269209<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    137957 | NS      | $2122106.66   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Carl Zeiss Meditec AG                                        | Carl Zeiss Meditec AG                                        | CUSIP: 000000000<br>LEI: 529900GRL4MZ8NMOOK95 | Long             | EC               | CORP              | DE        |     19153 | NS      | $1237202.27   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Paint Co Ltd                                          | Kansai Paint Co Ltd                                          | CUSIP: 000000000<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |     59958 | NS      | $854109.08    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Group Services Inc                                      | Boyd Group Services Inc                                      | CUSIP: 103310108<br>LEI: 549300FVHMLW88VSTP09 | Long             | EC               | CORP              | CA        |      9641 | NS      | $1437227.37   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Calibre Mining Corp                                          | Calibre Mining Corp                                          | CUSIP: 13000C205<br>LEI: 9845005U3E61362A1O58 | Long             | EC               | CORP              | CA        |     75715 | NS      | $174563.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Halfords Group PLC                                           | Halfords Group PLC                                           | CUSIP: 000000000<br>LEI: 54930086FKBWWJIOBI79 | Long             | EC               | CORP              | GB        |    693535 | NS      | $1569377.83   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto Trader Group PLC                                        | Auto Trader Group PLC                                        | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |    172757 | NS      | $1849793.85   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Austevoll Seafood ASA                                        | Austevoll Seafood ASA                                        | CUSIP: 000000000<br>LEI: 5967007LIEEXZXFFDC03 | Long             | EC               | CORP              | NO        |    155340 | NS      | $1409396.75   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fisher & Paykel Healthcare Corp Ltd                          | Fisher & Paykel Healthcare Corp Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |    139190 | NS      | $3033272.99   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bendigo & Adelaide Bank Ltd                                  | Bendigo & Adelaide Bank Ltd                                  | CUSIP: 000000000<br>LEI: 549300Y9URD6W70K0360 | Long             | EC               | CORP              | AU        |    363878 | NS      | $2805400.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Coface SA                                                    | Coface SA                                                    | CUSIP: 000000000<br>LEI: 96950025N07LTJYFSN57 | Long             | EC               | CORP              | FR        |     98281 | NS      | $1837616.14   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PSP Swiss Property AG                                        | PSP Swiss Property AG                                        | CUSIP: 000000000<br>LEI: 50670042Y437P8X44F56 | Long             | EC               | CORP              | CH        |     10571 | NS      | $1861875.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Inghams Group Ltd                                            | Inghams Group Ltd                                            | CUSIP: 000000000<br>LEI: 529900ZZ4VRHSGVBNE41 | Long             | EC               | CORP              | AU        |    529205 | NS      | $1277136.89   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                                                      | IMCD NV                                                      | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     17357 | NS      | $2354692.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritz Financial Group Inc                                   | Meritz Financial Group Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     34538 | NS      | $2796183.66   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Seino Holdings Co Ltd                                        | Seino Holdings Co Ltd                                        | CUSIP: 000000000<br>LEI: 3538001D12EPCPYTTF24 | Long             | EC               | CORP              | JP        |     67693 | NS      | $1016837.57   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TS Tech Co Ltd                                               | TS Tech Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    245433 | NS      | $2745270.88   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chudenko Corp                                                | Chudenko Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     51609 | NS      | $1194594.82   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CapitaLand Integrated Commercial Trust                       | CapitaLand Integrated Commercial Trust                       | CUSIP: 000000000<br>LEI: 54930031292WUTXF0L29 | Long             | EC               |  | SG        |   1592556 | NS      | $2580987.93   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Seibu Holdings Inc                                           | Seibu Holdings Inc                                           | CUSIP: 000000000<br>LEI: 353800JY9TYV9WTCN620 | Long             | EC               | CORP              | JP        |    128947 | NS      | $3409215.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Secure Waste Infrastructure Corp                             | Secure Waste Infrastructure Corp                             | CUSIP: 813921103<br>LEI: 894500UQR7AONHFERA55 | Long             | EC               | CORP              | CA        |    223202 | NS      | $2486966.54   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto1 Group SE                                               | Auto1 Group SE                                               | CUSIP: 000000000<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |    136383 | NS      | $3653960.72   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Van Lanschot Kempen NV                                       | Van Lanschot Kempen NV                                       | CUSIP: 000000000<br>LEI: 724500D8WOYCL1BUCB80 | Long             | EC               | CORP              | NL        |     19449 | NS      | $1205539.79   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LX Semicon Co Ltd                                            | LX Semicon Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     22128 | NS      | $965503.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The                              | Descartes Systems Group Inc/The                              | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      8263 | NS      | $956259.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Crombie Real Estate Investment Trust                         | Crombie Real Estate Investment Trust                         | CUSIP: 227107109<br>LEI: 549300OGQML2MCFAPT83 | Long             | EC               |  | CA        |    104773 | NS      | $1128541.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ERG SpA                                                      | ERG SpA                                                      | CUSIP: 000000000<br>LEI: 8156004604684CA44A90 | Long             | EC               | CORP              | IT        |     41964 | NS      | $886097.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Exchange Group Inc                                     | Japan Exchange Group Inc                                     | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |    291002 | NS      | $3224728.49   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IMI PLC                                                      | IMI PLC                                                      | CUSIP: 000000000<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |    152964 | NS      | $4100839.63   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Electric Holdings Ltd                                | Johnson Electric Holdings Ltd                                | CUSIP: 000000000<br>LEI: 529900EDYRQ6K25JEC80 | Long             | EC               | CORP              | BM        |   1176649 | NS      | $3151115.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Shiga Bank Ltd/The                                           | Shiga Bank Ltd/The                                           | CUSIP: 000000000<br>LEI: 3538002NUIQ8JFEJNS94 | Long             | EC               | CORP              | JP        |     24879 | NS      | $1062092.52   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd                                           | Perseus Mining Ltd                                           | CUSIP: 000000000<br>LEI: 54930054ZDGKBCW3SM26 | Long             | EC               | CORP              | AU        |    664670 | NS      | $1663941.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CANCOM SE                                                    | CANCOM SE                                                    | CUSIP: 000000000<br>LEI: 391200T4AUN1BPBXAO14 | Long             | EC               | CORP              | DE        |     43268 | NS      | $1382728.30   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kloeckner & Co SE                                            | Kloeckner & Co SE                                            | CUSIP: 000000000<br>LEI: 529900CQ31CN6GV5LL52 | Long             | EC               | CORP              | DE        |    654175 | NS      | $4663856.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Verbund AG                                                   | Verbund AG                                                   | CUSIP: 000000000<br>LEI: 5299006UDSEJCTTEJS30 | Long             | EC               | CORP              | AT        |     13656 | NS      | $1065829.76   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumagai Gumi Co Ltd                                          | Kumagai Gumi Co Ltd                                          | CUSIP: 000000000<br>LEI: 529900M993KYZI2Q1Q47 | Long             | EC               | CORP              | JP        |     86665 | NS      | $2489527.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Var Energi ASA                                               | Var Energi ASA                                               | CUSIP: 000000000<br>LEI: 549300LIVN3FFOJN2K47 | Long             | EC               | CORP              | NO        |    604966 | NS      | $1754417.09   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Odakyu Electric Railway Co Ltd                               | Odakyu Electric Railway Co Ltd                               | CUSIP: 000000000<br>LEI: 353800LA6BC6E1MK6U35 | Long             | EC               | CORP              | JP        |    314841 | NS      | $3501991.09   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Grafton Group PLC                                            | Grafton Group PLC                                            | CUSIP: 000000000<br>LEI: 635400BE9SBAG61DJ963 | Long             | EC               | CORP              | IE        |    284320 | NS      | $3874840.93   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ARE Holdings Inc                                             | ARE Holdings Inc                                             | CUSIP: 000000000<br>LEI: 353800W25FCOFE32EM73 | Long             | EC               | CORP              | JP        |    128414 | NS      | $1603673.22   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Jaccs Co Ltd                                                 | Jaccs Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     52995 | NS      | $1489273.54   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistry Group PLC                                             | Vistry Group PLC                                             | CUSIP: 000000000<br>LEI: 2138001KOWN7CG9SLK53 | Long             | EC               | CORP              | GB        |    297440 | NS      | $2522197.44   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanoma Oyj                                                   | Sanoma Oyj                                                   | CUSIP: 000000000<br>LEI: 743700XJC24THUPK0S03 | Long             | EC               | CORP              | FI        |    146348 | NS      | $1584990.99   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NOF Corp                                                     | NOF Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    179205 | NS      | $3179353.41   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Piolax Inc                                                   | Piolax Inc                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30902 | NS      | $424890.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Pacific Industrial Co Ltd                                    | Pacific Industrial Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    124518 | NS      | $1132177.94   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexans SA                                                    | Nexans SA                                                    | CUSIP: 000000000<br>LEI: 96950015FU78G84UIV14 | Long             | EC               | CORP              | FR        |     27990 | NS      | $3218873.99   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group PLC                              | Babcock International Group PLC                              | CUSIP: 000000000<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |    229859 | NS      | $2901379.49   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp             | Industrial & Infrastructure Fund Investment Corp             | CUSIP: 000000000<br>LEI: 353800WCHFY04YKYCI19 | Long             | EC               |  | JP        |      1033 | NS      | $844755.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jardine Cycle & Carriage Ltd                                 | Jardine Cycle & Carriage Ltd                                 | CUSIP: 000000000<br>LEI: 254900WEP6OCEXFWML09 | Long             | EC               | CORP              | SG        |    162282 | NS      | $3076764.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Saipem SpA                                                   | Saipem SpA                                                   | CUSIP: 000000000<br>LEI: 549300PHV8MBDHWB8X12 | Long             | EC               | CORP              | IT        |    483089 | NS      | $1197216.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Leroy Seafood Group ASA                                      | Leroy Seafood Group ASA                                      | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJ2JK50 | Long             | EC               | CORP              | NO        |    367483 | NS      | $1602701.58   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Salzgitter AG                                                | Salzgitter AG                                                | CUSIP: 000000000<br>LEI: 529900E12Z6HXIMHFA15 | Long             | EC               | CORP              | DE        |    147597 | NS      | $3518750.36   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Deme Group NV                                                | Deme Group NV                                                | CUSIP: 000000000<br>LEI: 549300FPFPQPKI3PJV37 | Long             | EC               | CORP              | BE        |      5286 | NS      | $820927.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Industry Co Ltd                                        | Eagle Industry Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     57307 | NS      | $762928.36    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Up Group Inc                                            | Open Up Group Inc                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14760 | NS      | $186680.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nabtesco Corp                                                | Nabtesco Corp                                                | CUSIP: 000000000<br>LEI: 529900DVHQXYRTGW7739 | Long             | EC               | CORP              | JP        |    175940 | NS      | $2912316.37   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sungwoo Hitech Co Ltd                                        | Sungwoo Hitech Co Ltd                                        | CUSIP: 000000000<br>LEI: 988400G1SM42IYEHS059 | Long             | EC               | CORP              | KR        |    172334 | NS      | $699478.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch + Lomb Corp                                           | Bausch + Lomb Corp                                           | CUSIP: 071705107<br>LEI: 549300NY6OZM39SO6475 | Long             | EC               | CORP              | CA        |     28246 | NS      | $319448.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Marshalls PLC                                                | Marshalls PLC                                                | CUSIP: 000000000<br>LEI: 213800S21IFC367J5V62 | Long             | EC               | CORP              | GB        |    272856 | NS      | $1028448.37   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SFA Engineering Corp                                         | SFA Engineering Corp                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     55656 | NS      | $845106.33    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ASKUL Corp                                                   | ASKUL Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     62668 | NS      | $674040.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokai Carbon Co Ltd                                          | Tokai Carbon Co Ltd                                          | CUSIP: 000000000<br>LEI: 5299002HKWA5B57KLT43 | Long             | EC               | CORP              | JP        |    527633 | NS      | $3791922.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Daishi Hokuetsu Financial Group Inc                          | Daishi Hokuetsu Financial Group Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     53692 | NS      | $1237228.59   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kolon Industries Inc                                         | Kolon Industries Inc                                         | CUSIP: 000000000<br>LEI: 988400LHRPRCSKXOAF72 | Long             | EC               | CORP              | KR        |     87705 | NS      | $2126355.19   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Capital Real Estate Investment Trust                   | First Capital Real Estate Investment Trust                   | CUSIP: 31890B103<br>LEI: 54930042UG2WCIIAQZ39 | Long             | EC               |  | CA        |    156039 | NS      | $2014394.89   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sopra Steria Group                                           | Sopra Steria Group                                           | CUSIP: 000000000<br>LEI: 96950020QIOHAAK9V551 | Long             | EC               | CORP              | FR        |     16212 | NS      | $3493207.91   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Toho Co Ltd/Tokyo                                            | Toho Co Ltd/Tokyo                                            | CUSIP: 000000000<br>LEI: 529900IYHHYWU4O3H185 | Long             | EC               | CORP              | JP        |     58895 | NS      | $3108114.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelleron Industries AG                                     | Accelleron Industries AG                                     | CUSIP: 000000000<br>LEI: 254900KS0MD2PAARXD14 | Long             | EC               | CORP              | CH        |     22048 | NS      | $1273150.90   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Glanbia PLC                                                  | Glanbia PLC                                                  | CUSIP: 000000000<br>LEI: 635400SRMCBHVMSKJS84 | Long             | EC               | CORP              | IE        |     64159 | NS      | $932307.52    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker Solutions ASA                                           | Aker Solutions ASA                                           | CUSIP: 000000000<br>LEI: 5967007LIEEXZXG42836 | Long             | EC               | CORP              | NO        |    269239 | NS      | $878564.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Piaggio & C SpA                                              | Piaggio & C SpA                                              | CUSIP: 000000000<br>LEI: 8156000256C2431C2E92 | Long             | EC               | CORP              | IT        |    291113 | NS      | $601154.27    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Handsome Co Ltd                                              | Handsome Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     48699 | NS      | $568631.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bechtle AG                                                   | Bechtle AG                                                   | CUSIP: 000000000<br>LEI: 529900HA2QT774RUXW59 | Long             | EC               | CORP              | DE        |     84491 | NS      | $3681349.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Art Retail Group Ltd                                     | Sun Art Retail Group Ltd                                     | CUSIP: 000000000<br>LEI: 3003009IMRZ363PQCP28 | Long             | EC               | CORP              | HK        |   2437879 | NS      | $739924.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventia Services Group Pty Ltd                                | Ventia Services Group Pty Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    492715 | NS      | $1499820.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Budweiser Brewing Co APAC Ltd                                | Budweiser Brewing Co APAC Ltd                                | CUSIP: 000000000<br>LEI: 549300YF1MR4GTF18132 | Long             | EC               | CORP              | KY        |   1491727 | NS      | $1556111.59   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JCDecaux SE                                                  | JCDecaux SE                                                  | CUSIP: 000000000<br>LEI: 9695009KV7AFPDEI5S30 | Long             | EC               | CORP              | FR        |    102533 | NS      | $1759977.39   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinsegae Inc                                                | Shinsegae Inc                                                | CUSIP: 000000000<br>LEI: 9884005BGBN4CVNXZ186 | Long             | EC               | CORP              | KR        |     25557 | NS      | $3295347.03   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirvac Group                                                 | Mirvac Group                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |    740180 | NS      | $1100351.83   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Criteo SA                                                    | Criteo SA                                                    | CUSIP: 226718104<br>LEI: 969500EELFB4RDMFHA76 | Long             | EC               | CORP              | FR        |     62459 | NS      | $1590206.14   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Airport Terminal Co Ltd                                | Japan Airport Terminal Co Ltd                                | CUSIP: 000000000<br>LEI: 353800W9WEQSGUY2EO26 | Long             | EC               | CORP              | JP        |     19624 | NS      | $608460.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IG Group Holdings PLC                                        | IG Group Holdings PLC                                        | CUSIP: 000000000<br>LEI: 2138003A5Q1M7ANOUD76 | Long             | EC               | CORP              | GB        |    330025 | NS      | $4993520.89   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Stolt-Nielsen Ltd                                            | Stolt-Nielsen Ltd                                            | CUSIP: 000000000<br>LEI: 213800VZX4LWJSGRLR94 | Long             | EC               | CORP              | BM        |     34744 | NS      | $868842.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugoku Marine Paints Ltd                                    | Chugoku Marine Paints Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     45025 | NS      | $694900.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Faes Farma SA                                                | Faes Farma SA                                                | CUSIP: 000000000<br>LEI: 959800FXZQY7U3P1G969 | Long             | EC               | CORP              | ES        |    229191 | NS      | $1135725.67   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Broadcasting System Holdings Inc                       | TBS Holdings Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     78535 | NS      | $2519955.99   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies NV                                          | Technip Energies NV                                          | CUSIP: 000000000<br>LEI: 724500FLODI49NSCIP70 | Long             | EC               | CORP              | NL        |    106031 | NS      | $4013193.36   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DL Holdings Co Ltd                                           | DL Holdings Co Ltd                                           | CUSIP: 000000000<br>LEI: 988400LJMYZ3ZOXJVE47 | Long             | EC               | CORP              | KR        |     29291 | NS      | $939426.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CAE Inc                                                      | CAE Inc                                                      | CUSIP: 124765108<br>LEI: 549300FFM2BEH2GF1E44 | Long             | EC               | CORP              | CA        |    161452 | NS      | $4148586.61   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                                          | Hudbay Minerals Inc                                          | CUSIP: 443628102<br>LEI: 549300WI524AL577IX21 | Long             | EC               | CORP              | CA        |    226610 | NS      | $2015666.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuji Corp/Aichi                                              | Fuji Corp/Aichi                                              | CUSIP: 000000000<br>LEI: 353800G4VS3QLM6BSX66 | Long             | EC               | CORP              | JP        |    133697 | NS      | $2148676.97   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Perenti Ltd                                                  | Perenti Ltd                                                  | CUSIP: 000000000<br>LEI: 25490044GUNE4S2E6K11 | Long             | EC               | CORP              | AU        |   2035950 | NS      | $2063620.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fujitsu General Ltd                                          | Fujitsu General Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     88881 | NS      | $1724708.41   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Osaka Cement Co Ltd                                 | Sumitomo Osaka Cement Co Ltd                                 | CUSIP: 000000000<br>LEI: 5299001WJ26J6HQN5D67 | Long             | EC               | CORP              | JP        |     90388 | NS      | $2410430.19   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Saison Co Ltd                                         | Credit Saison Co Ltd                                         | CUSIP: 000000000<br>LEI: 529900SV58ZWTGRH3A66 | Long             | EC               | CORP              | JP        |    144384 | NS      | $3946432.63   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nakanishi Inc                                                | Nakanishi Inc                                                | CUSIP: 000000000<br>LEI: 353800EXA7IQ42YKF224 | Long             | EC               | CORP              | JP        |     40808 | NS      | $548084.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Service Group PLC                                    | Johnson Service Group PLC                                    | CUSIP: 000000000<br>LEI: 2138004WZUPWV53KWV11 | Long             | EC               | CORP              | GB        |    325537 | NS      | $652358.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pigeon Corp                                                  | Pigeon Corp                                                  | CUSIP: 000000000<br>LEI: 2549006T3HT0TI9IRV62 | Long             | EC               | CORP              | JP        |    171987 | NS      | $2221724.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd                                           | Teekay Tankers Ltd                                           | CUSIP: 000000000<br>LEI: 549300DE8ZAIYS2T6Q22 | Long             | EC               | CORP              | BM        |     19777 | NS      | $873945.63    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund   | State Street Institutional US Government Money Market Fund   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  65297572 | NS      | $65297572.35  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Intecc Co Ltd                                          | Asahi Intecc Co Ltd                                          | CUSIP: 000000000<br>LEI: 353800J3AV2SCNIO8L39 | Long             | EC               | CORP              | JP        |     62123 | NS      | $965888.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Polar Capital Holdings PLC                                   | Polar Capital Holdings PLC                                   | CUSIP: 000000000<br>LEI: 549300OXX7YE1947B825 | Long             | EC               | CORP              | GB        |     84763 | NS      | $484662.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coway Co Ltd                                                 | Coway Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     75710 | NS      | $4878320.65   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Retail Group Ltd                                       | Super Retail Group Ltd                                       | CUSIP: 000000000<br>LEI: 9845001C5140A8CK7D81 | Long             | EC               | CORP              | AU        |    206800 | NS      | $1905793.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupa Kety SA                                                | Grupa Kety SA                                                | CUSIP: 000000000<br>LEI: 2594007JKYYF3WGI0129 | Long             | EC               | CORP              | PL        |      8123 | NS      | $1879686.34   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Belimo Holding AG                                            | Belimo Holding AG                                            | CUSIP: 000000000<br>LEI: 506700339DLX749VEM23 | Long             | EC               | CORP              | CH        |      2900 | NS      | $2802750.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| St Galler Kantonalbank AG                                    | St Galler Kantonalbank AG                                    | CUSIP: 000000000<br>LEI: 549300GFRG6OK00RG957 | Long             | EC               | CORP              | CH        |      1279 | NS      | $753497.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mebuki Financial Group Inc                                   | Mebuki Financial Group Inc                                   | CUSIP: 000000000<br>LEI: 353800K1RXV3E3JAE812 | Long             | EC               | CORP              | JP        |    610945 | NS      | $3013761.05   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Meidensha Corp                                               | Meidensha Corp                                               | CUSIP: 000000000<br>LEI: 529900VFKHJPVURD7985 | Long             | EC               | CORP              | JP        |     54095 | NS      | $1638276.79   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shikun & Binui Ltd                                           | Shikun & Binui Ltd                                           | CUSIP: 000000000<br>LEI: 2138004NVQ51G35LN253 | Long             | EC               | CORP              | IL        |    282569 | NS      | $973171.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fevertree Drinks PLC                                         | Fevertree Drinks PLC                                         | CUSIP: 000000000<br>LEI: 2138007AJRLHRVQZLD07 | Long             | EC               | CORP              | GB        |     43291 | NS      | $515496.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Retail Co Ltd                                             | GS Retail Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    117881 | NS      | $1310643.28   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordic Semiconductor ASA                                     | Nordic Semiconductor ASA                                     | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJGFK95 | Long             | EC               | CORP              | NO        |     56717 | NS      | $694449.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aisan Industry Co Ltd                                        | Aisan Industry Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     87509 | NS      | $1123162.05   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CT Real Estate Investment Trust                              | CT Real Estate Investment Trust                              | CUSIP: 126462100<br>LEI: 549300QXEHJXT6D53X16 | Long             | EC               |  | CA        |     42385 | NS      | $490450.82    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightoil Petroleum Holdings Ltd.                            | Brightoil Petroleum Holdings Ltd.                            | CUSIP: 000000000<br>LEI: 2549005WGFMWUP2R7X75 | Long             | EC               | CORP              | HK        |   2380161 | NS      | $0.30         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FP Corp                                                      | FP Corp                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     62369 | NS      | $1271196.02   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA                                  | FinecoBank Banca Fineco SpA                                  | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |    160789 | NS      | $3471830.22   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Renishaw PLC                                                 | Renishaw PLC                                                 | CUSIP: 000000000<br>LEI: 21380048ADXM6Z67CT18 | Long             | EC               | CORP              | GB        |     17485 | NS      | $605990.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Allreal Holding AG                                           | Allreal Holding AG                                           | CUSIP: 000000000<br>LEI: 5067006XH174LA44H658 | Long             | EC               | CORP              | CH        |      7801 | NS      | $1787046.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankinter SA                                                 | Bankinter SA                                                 | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    328792 | NS      | $4232782.26   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Essentra PLC                                                 | Essentra PLC                                                 | CUSIP: 000000000<br>LEI: 5493007MOZNA03BVNE96 | Long             | EC               | CORP              | GB        |    416203 | NS      | $541064.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipsen SA                                                     | Ipsen SA                                                     | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |     20105 | NS      | $2366870.33   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Automotive Systems Ltd                                 | Delek Automotive Systems Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    132666 | NS      | $1024640.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagers Automotive Ltd                                        | Eagers Automotive Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    325946 | NS      | $3641477.41   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Challenger Ltd                                               | Challenger Ltd                                               | CUSIP: 000000000<br>LEI: 529900ACCCAOHJ2V3169 | Long             | EC               | CORP              | AU        |    292657 | NS      | $1433262.76   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hokuhoku Financial Group Inc                                 | Hokuhoku Financial Group Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    106119 | NS      | $2049278.17   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Pulp & Paper Co Ltd                                    | Japan Pulp & Paper Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    246502 | NS      | $1016450.26   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcontinental Inc                                         | Transcontinental Inc                                         | CUSIP: 893578104<br>LEI: 549300C86G4JLR01YF53 | Long             | EC               | CORP              | CA        |    223413 | NS      | $3473995.37   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CECONOMY AG                                                  | CECONOMY AG                                                  | CUSIP: 000000000<br>LEI: 5299001X9L42HXEBCZ51 | Long             | EC               | CORP              | DE        |    742318 | NS      | $2237412.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RWS Holdings PLC                                             | RWS Holdings PLC                                             | CUSIP: 000000000<br>LEI: 213800YGBGTTSKUVK111 | Long             | EC               | CORP              | GB        |    528055 | NS      | $568262.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Resources Ltd                                          | Regis Resources Ltd                                          | CUSIP: 000000000<br>LEI: 213800XH9YUXBLYBD749 | Long             | EC               | CORP              | AU        |   1047569 | NS      | $3411264.53   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EVN AG                                                       | EVN AG                                                       | CUSIP: 000000000<br>LEI: 529900P4JZBFEVNEAE60 | Long             | EC               | CORP              | AT        |     32350 | NS      | $868554.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JOYY Inc                                                     | JOYY Inc                                                     | CUSIP: 46591M109<br>LEI: 549300N6CHVU5CQZPW24 | Long             | EC               | CORP              | KY        |     87479 | NS      | $4188494.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Taikisha Ltd                                                 | Taikisha Ltd                                                 | CUSIP: 000000000<br>LEI: 3538005OOQOUE7DBWV52 | Long             | EC               | CORP              | JP        |     82114 | NS      | $1389100.62   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Earth Corp                                                   | Earth Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     31048 | NS      | $1080154.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| mBank SA                                                     | mBank SA                                                     | CUSIP: 000000000<br>LEI: 259400DZXF7UJKK2AY35 | Long             | EC               | CORP              | PL        |      4849 | NS      | $1061857.90   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kose Corp                                                    | Kose Corp                                                    | CUSIP: 000000000<br>LEI: 353800NX4GGAVDHHY664 | Long             | EC               | CORP              | JP        |     39985 | NS      | $1604166.22   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Beneteau SACA                                                | Beneteau SACA                                                | CUSIP: 000000000<br>LEI: 969500FHXW3AEY6Z0B25 | Long             | EC               | CORP              | FR        |     62817 | NS      | $600455.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Melisron Ltd                                                 | Melisron Ltd                                                 | CUSIP: 000000000<br>LEI: 213800B9SL62L9VLO604 | Long             | EC               | CORP              | IL        |      5878 | NS      | $548523.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lagercrantz Group AB                                         | Lagercrantz Group AB                                         | CUSIP: 000000000<br>LEI: 5493002L6I4YHANEYR87 | Long             | EC               | CORP              | SE        |      6844 | NS      | $154765.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bakkavor Group PLC                                           | Bakkavor Group PLC                                           | CUSIP: 000000000<br>LEI: 213800COL7AD54YU9949 | Long             | EC               | CORP              | GB        |    162889 | NS      | $459097.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H Lundbeck A/S                                               | H Lundbeck A/S                                               | CUSIP: 000000000<br>LEI: 5493006R4KC2OI5D3470 | Long             | EC               | CORP              | DK        |      9093 | NS      | $41792.58     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SpareBank 1 SMN                                              | SpareBank 1 SMN                                              | CUSIP: 000000000<br>LEI: 7V6Z97IO7R1SEAO84Q32 | Long             | EC               | CORP              | NO        |     79456 | NS      | $1497331.28   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yokogawa Bridge Holdings Corp                                | Yokogawa Bridge Holdings Corp                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     64301 | NS      | $1137226.88   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon M&A Center Holdings Inc                                | Nihon M&A Center Holdings Inc                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    193090 | NS      | $951566.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shibuya Corp                                                 | Shibuya Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12699 | NS      | $292623.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Unicaja Banco SA                                             | Unicaja Banco SA                                             | CUSIP: 000000000<br>LEI: 5493007SJLLCTM6J6M37 | Long             | EC               | CORP              | ES        |    648222 | NS      | $1425427.12   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tamron Co Ltd                                                | Tamron Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18642 | NS      | $448302.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuji Co Ltd/Ehime                                            | Fuji Co Ltd/Ehime                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     74581 | NS      | $1050269.18   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Subsea 7 SA                                                  | Subsea 7 SA                                                  | CUSIP: 000000000<br>LEI: 222100AIF0CBCY80AH62 | Long             | EC               | CORP              | LU        |    149064 | NS      | $2535670.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Group PLC                                     | Domino's Pizza Group PLC                                     | CUSIP: 000000000<br>LEI: 213800Q6ZKHAOV48JL75 | Long             | EC               | CORP              | GB        |    197117 | NS      | $693264.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Securities Co Ltd                                    | Samsung Securities Co Ltd                                    | CUSIP: 000000000<br>LEI: 988400RBTJTHNUOHE716 | Long             | EC               | CORP              | KR        |     55208 | NS      | $2420877.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DiaSorin SpA                                                 | DiaSorin SpA                                                 | CUSIP: 000000000<br>LEI: 8156002878BDF0EE4348 | Long             | EC               | CORP              | IT        |      9947 | NS      | $1031667.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastighets AB Balder                                         | Fastighets AB Balder                                         | CUSIP: 000000000<br>LEI: 549300GHKJCEZOAEUU82 | Long             | EC               | CORP              | SE        |    139072 | NS      | $972712.71    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NuVista Energy Ltd                                           | NuVista Energy Ltd                                           | CUSIP: 67072Q104<br>LEI: 549300MG32TDSM60SX75 | Long             | EC               | CORP              | CA        |    127977 | NS      | $1286331.97   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Logisnext Co Ltd                                  | Mitsubishi Logisnext Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13077 | NS      | $199197.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allfunds Group Plc                                           | Allfunds Group Plc                                           | CUSIP: 000000000<br>LEI: 9598005U8TZQ8Q64SC71 | Long             | EC               | CORP              | GB        |     64603 | NS      | $405206.69    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                                            | EDP Renovaveis SA                                            | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |    114103 | NS      | $1145093.53   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KG Chemical Corp                                             | KG Chemical Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    244987 | NS      | $783951.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Green Food                                           | Hyundai Green Food                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    116274 | NS      | $1445313.55   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alior Bank SA                                                | Alior Bank SA                                                | CUSIP: 000000000<br>LEI: 259400QHDOZWMJ103294 | Long             | EC               | CORP              | PL        |     55297 | NS      | $1535063.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TV Asahi Holdings Corp                                       | TV Asahi Holdings Corp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     91939 | NS      | $1662987.56   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Energy Co PLC                                    | Diversified Energy Co PLC                                    | CUSIP: 000000000<br>LEI: 213800YR9TFRVHPGOS67 | Long             | EC               | CORP              | GB        |     27963 | NS      | $395195.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Osaka Soda Co Ltd                                            | Osaka Soda Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     84034 | NS      | $941120.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Spin Master Corp                                             | Spin Master Corp                                             | CUSIP: 848510103<br>LEI: 254900ACUT127TXKWO71 | Long             | EC               | CORP              | CA        |     35850 | NS      | $625768.21    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Construction Equipment Co Ltd                     | HD Hyundai Construction Equipment Co Ltd                     | CUSIP: 000000000<br>LEI: 988400SUTJA1BDSX0Y30 | Long             | EC               | CORP              | KR        |     25135 | NS      | $1284349.86   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hokuriku Electric Power Co                                   | Hokuriku Electric Power Co                                   | CUSIP: 000000000<br>LEI: 353800Z4ZNGBULYR8W57 | Long             | EC               | CORP              | JP        |    417078 | NS      | $2022739.42   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Noritake Co Ltd                                              | Noritake Co Ltd                                              | CUSIP: 000000000<br>LEI: 529900EN4XJGJXV4A581 | Long             | EC               | CORP              | JP        |     47347 | NS      | $1223911.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE Holdings Co Ltd                                         | NICE Holdings Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     82959 | NS      | $717330.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sydbank AS                                                   | Sydbank AS                                                   | CUSIP: 000000000<br>LEI: GP5DT10VX1QRQUKVBK64 | Long             | EC               | CORP              | DK        |     30799 | NS      | $2057719.59   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nishimatsu Construction Co Ltd                               | Nishimatsu Construction Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     50370 | NS      | $1689530.48   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Takasago International Corp                                  | Takasago International Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7570 | NS      | $346249.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SFS Group AG                                                 | SFS Group AG                                                 | CUSIP: 000000000<br>LEI: 391200RQ38WAM4BJBO16 | Long             | EC               | CORP              | CH        |      9406 | NS      | $1334963.91   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Per Aarsleff Holding A/S                                     | Per Aarsleff Holding A/S                                     | CUSIP: 000000000<br>LEI: 5493008HS8STXVZXYZ63 | Long             | EC               | CORP              | DK        |     24068 | NS      | $2183088.38   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Corem Property Group AB                                      | Corem Property Group AB                                      | CUSIP: 000000000<br>LEI: 213800CHXQQD7TSS1T59 | Long             | EC               | CORP              | SE        |    564213 | NS      | $299289.97    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp Japan                                            | Oracle Corp Japan                                            | CUSIP: 000000000<br>LEI: 529900MIMKY9RU60Z323 | Long             | EC               | CORP              | JP        |     15232 | NS      | $1783461.94   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Horiba Ltd                                                   | Horiba Ltd                                                   | CUSIP: 000000000<br>LEI: 529900OOTWPYSNW0EC84 | Long             | EC               | CORP              | JP        |     35950 | NS      | $2576132.23   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                                                     | Hera SpA                                                     | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    265049 | NS      | $1315521.52   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hopson Development Holdings Ltd                              | Hopson Development Holdings Ltd                              | CUSIP: 000000000<br>LEI: 549300HYMKPTC1DTZS42 | Long             | EC               | CORP              | BM        |   4248600 | NS      | $1647090.69   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Finnair Oyj                                                  | Finnair Oyj                                                  | CUSIP: 000000000<br>LEI: 213800SB6EOB8SSK9W63 | Long             | EC               | CORP              | FI        |    244883 | NS      | $818998.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Siltronic AG                                                 | Siltronic AG                                                 | CUSIP: 000000000<br>LEI: 5299003NKV26NNGHHR90 | Long             | EC               | CORP              | DE        |     28697 | NS      | $1179333.68   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Max Co Ltd                                                   | Max Co Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32374 | NS      | $1058978.34   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadokawa Corp                                                | Kadokawa Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     66932 | NS      | $1658282.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| goeasy Ltd                                                   | goeasy Ltd                                                   | CUSIP: 380355107<br>LEI: 5493009DJVZG2P8YV435 | Long             | EC               | CORP              | CA        |      6652 | NS      | $723134.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tessenderlo Group SA                                         | Tessenderlo Group SA                                         | CUSIP: 000000000<br>LEI: 549300ZKLIF7RP6EH823 | Long             | EC               | CORP              | BE        |     30156 | NS      | $922622.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobayashi Pharmaceutical Co Ltd                              | Kobayashi Pharmaceutical Co Ltd                              | CUSIP: 000000000<br>LEI: 529900WBSL04KD6TKP95 | Long             | EC               | CORP              | JP        |     40910 | NS      | $1493564.43   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotte Chilsung Beverage Co Ltd                               | Lotte Chilsung Beverage Co Ltd                               | CUSIP: 000000000<br>LEI: 9884007VHCK33CNXZA95 | Long             | EC               | CORP              | KR        |      2473 | NS      | $191430.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa Office Investment Corp                                 | Daiwa Office Investment Corp                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |       333 | NS      | $695793.34    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nibe Industrier AB                                           | Nibe Industrier AB                                           | CUSIP: 000000000<br>LEI: 549300ZQH0FIF1P0MX67 | Long             | EC               | CORP              | SE        |    756625 | NS      | $3093474.07   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hogy Medical Co Ltd                                          | Hogy Medical Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     25098 | NS      | $667042.03    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wacker Chemie AG                                             | Wacker Chemie AG                                             | CUSIP: 000000000<br>LEI: 0NURKC5Q3CJYZPPK5046 | Long             | EC               | CORP              | DE        |     33704 | NS      | $2393317.92   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Macquarie Korea Infrastructure Fund                          | Macquarie Korea Infrastructure Fund                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    136572 | NS      | $1161114.42   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabege AB                                                    | Fabege AB                                                    | CUSIP: 000000000<br>LEI: 549300JNPI46XNH0PM97 | Long             | EC               | CORP              | SE        |     95370 | NS      | $820652.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Gas Co Ltd                                            | Nippon Gas Co Ltd                                            | CUSIP: 000000000<br>LEI: 549300N3DC5V2XON9C60 | Long             | EC               | CORP              | JP        |    106921 | NS      | $1912492.47   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargojet Inc                                                 | Cargojet Inc                                                 | CUSIP: 14179V503<br>LEI: 549300C4GBBANCBT3K72 | Long             | EC               | CORP              | CA        |     10391 | NS      | $706160.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aritzia Inc                                                  | Aritzia Inc                                                  | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |     29338 | NS      | $1421077.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                                                   | Endava PLC                                                   | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |     25929 | NS      | $400343.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Derichebourg SA                                              | Derichebourg SA                                              | CUSIP: 000000000<br>LEI: 969500QOO4C4IPGID263 | Long             | EC               | CORP              | FR        |    318170 | NS      | $2178051.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TUI AG                                                       | TUI AG                                                       | CUSIP: 000000000<br>LEI: 529900SL2WSPV293B552 | Long             | EC               | CORP              | DE        |    287247 | NS      | $2399423.55   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corp                                                | Lasertec Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6231 | NS      | $630678.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amorepacific Holdings Corp                                   | Amorepacific Holdings Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     92268 | NS      | $1752135.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui High-Tec Inc                                          | Mitsui High-Tec Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33701 | NS      | $169795.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Maire SpA                                                    | Maire SpA                                                    | CUSIP: 000000000<br>LEI: 815600D85A61200A1B83 | Long             | EC               | CORP              | IT        |     58212 | NS      | $742136.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gecina SA                                                    | Gecina SA                                                    | CUSIP: 000000000<br>LEI: 9695003E4MMA10IBTR26 | Long             | EC               |  | FR        |     27042 | NS      | $2974775.65   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aoyama Trading Co Ltd                                        | Aoyama Trading Co Ltd                                        | CUSIP: 000000000<br>LEI: 549300FYZLM486BSOQ14 | Long             | EC               | CORP              | JP        |    120774 | NS      | $1833853.11   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alten SA                                                     | Alten SA                                                     | CUSIP: 000000000<br>LEI: 969500Y7G9TY7Y24GN07 | Long             | EC               | CORP              | FR        |     29633 | NS      | $2462511.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bapcor Ltd                                                   | Bapcor Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    464682 | NS      | $1561020.46   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT AB                                                       | EQT AB                                                       | CUSIP: 000000000<br>LEI: 213800U7P9GOIRKCTB34 | Long             | EC               | CORP              | SE        |     66447 | NS      | $1941189.51   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Keikyu Corp                                                  | Keikyu Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    243730 | NS      | $2503259.71   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| North Pacific Bank Ltd                                       | North Pacific Bank Ltd                                       | CUSIP: 000000000<br>LEI: 549300A1ZLTL4KX3DZ92 | Long             | EC               | CORP              | JP        |    286276 | NS      | $1132843.11   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hite Jinro Co Ltd                                            | Hite Jinro Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     50466 | NS      | $738865.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diploma PLC                                                  | Diploma PLC                                                  | CUSIP: 000000000<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     25884 | NS      | $1635689.44   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nifco Inc/Japan                                              | Nifco Inc/Japan                                              | CUSIP: 000000000<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |    125685 | NS      | $3019854.43   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Perpetual Ltd                                                | Perpetual Ltd                                                | CUSIP: 000000000<br>LEI: 549300US8OE0UQWXPO82 | Long             | EC               | CORP              | AU        |     76574 | NS      | $872241.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EMS-Chemie Holding AG                                        | EMS-Chemie Holding AG                                        | CUSIP: 000000000<br>LEI: 529900G1XFTGSE0DIX60 | Long             | EC               | CORP              | CH        |      2572 | NS      | $1956667.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sugi Holdings Co Ltd                                         | Sugi Holdings Co Ltd                                         | CUSIP: 000000000<br>LEI: 529900N86BFWB1FADG87 | Long             | EC               | CORP              | JP        |    162337 | NS      | $3564112.52   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui-Soko Holdings Co Ltd                                  | Mitsui-Soko Holdings Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    137320 | NS      | $3625830.42   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Man Group PLC/Jersey                                         | Man Group PLC/Jersey                                         | CUSIP: 000000000<br>LEI: 2549003YWC1DW6LALB09 | Long             | EC               | CORP              | JE        |    303786 | NS      | $717743.11    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Soda Co Ltd                                           | Nippon Soda Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     81801 | NS      | $1678027.37   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Densetsu Co Ltd                                     | Sumitomo Densetsu Co Ltd                                     | CUSIP: 000000000<br>LEI: 3538004TJPF8WYKHK431 | Long             | EC               | CORP              | JP        |     24035 | NS      | $1074366.75   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrotec Holdings Corp                                       | Ferrotec Holdings Corp                                       | CUSIP: 000000000<br>LEI: 3538005N4KWZD4R07U97 | Long             | EC               | CORP              | JP        |     82731 | NS      | $1523381.04   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                                    | QIAGEN NV                                                    | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |     73955 | NS      | $3337308.13   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SKY Perfect JSAT Holdings Inc                                | SKY Perfect JSAT Holdings Inc                                | CUSIP: 000000000<br>LEI: 5299009SAF34W9TVEF26 | Long             | EC               | CORP              | JP        |    183752 | NS      | $1604542.92   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoei Foods Corp                                             | Shoei Foods Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16097 | NS      | $451244.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SKC Co Ltd                                                   | SKC Co Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9593 | NS      | $619508.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissan Chemical Corp                                         | Nissan Chemical Corp                                         | CUSIP: 000000000<br>LEI: 3538002E4L1CUGJFFU25 | Long             | EC               | CORP              | JP        |    110450 | NS      | $3328158.29   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc                                             | OR Royalties Inc                                             | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |      8441 | NS      | $215299.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Air Shuttle ASA                                    | Norwegian Air Shuttle ASA                                    | CUSIP: 000000000<br>LEI: 549300IEUH2FEM2Y6B51 | Long             | EC               | CORP              | NO        |    203789 | NS      | $284825.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hensoldt AG                                                  | Hensoldt AG                                                  | CUSIP: 000000000<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |     16583 | NS      | $1731978.75   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| D'ieteren Group                                              | D'ieteren Group                                              | CUSIP: 000000000<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |      7732 | NS      | $1587895.96   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Raiznext Corp                                                | Raiznext Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     70082 | NS      | $826636.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Harbour Energy PLC                                           | Harbour Energy PLC                                           | CUSIP: 000000000<br>LEI: 213800YPC42DYBKVPF97 | Long             | EC               | CORP              | GB        |    261891 | NS      | $628648.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kojamo Oyj                                                   | Kojamo Oyj                                                   | CUSIP: 000000000<br>LEI: 7437007YPUOQZ8OV1R42 | Long             | EC               | CORP              | FI        |     70651 | NS      | $847783.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VTech Holdings Ltd                                           | VTech Holdings Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    209988 | NS      | $1397858.03   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Partron Co Ltd                                               | Partron Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    116988 | NS      | $557085.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMerieux                                                   | BioMerieux                                                   | CUSIP: 000000000<br>LEI: 549300AK8Y0LBIQ4T071 | Long             | EC               | CORP              | FR        |     19893 | NS      | $2667115.43   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wajax Corp                                                   | Wajax Corp                                                   | CUSIP: 930783105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     43674 | NS      | $714373.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RHI Magnesita NV                                             | RHI Magnesita NV                                             | CUSIP: 000000000<br>LEI: 724500UWG6A61XNA3Y36 | Long             | EC               | CORP              | NL        |     23166 | NS      | $870048.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corp                                    | Brookfield Renewable Corp                                    | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | CA        |     64361 | NS      | $1891111.97   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Softcat PLC                                                  | Softcat PLC                                                  | CUSIP: 000000000<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |     43554 | NS      | $1051939.61   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nikkiso Co Ltd                                               | Nikkiso Co Ltd                                               | CUSIP: 000000000<br>LEI: 353800FFQ5RKIIYVIY98 | Long             | EC               | CORP              | JP        |    111854 | NS      | $935637.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CIR SpA-Compagnie Industriali                                | CIR SpA-Compagnie Industriali                                | CUSIP: 000000000<br>LEI: 5493003VOSQJSPCM0T38 | Long             | EC               | CORP              | IT        |   1251943 | NS      | $868395.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexi SpA                                                     | Nexi SpA                                                     | CUSIP: 000000000<br>LEI: 5493000P70CQRQG8SN85 | Long             | EC               | CORP              | IT        |    320332 | NS      | $1925927.49   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxell Ltd                                                   | Maxell Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     64532 | NS      | $806789.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MFE-MediaForEurope NV                                        | MFE-MediaForEurope NV                                        | CUSIP: 000000000<br>LEI: 213800DIFN7NR7B97A50 | Long             | EC               | CORP              | NL        |    377191 | NS      | $1386531.69   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniphar PLC                                                  | Uniphar PLC                                                  | CUSIP: 000000000<br>LEI: 21380028LJSQGRUAX965 | Long             | EC               | CORP              | IE        |    236039 | NS      | $967347.69    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bucher Industries AG                                         | Bucher Industries AG                                         | CUSIP: 000000000<br>LEI: 52990014AQ91A29HPB27 | Long             | EC               | CORP              | CH        |      6955 | NS      | $3360884.91   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibstock PLC                                                  | Ibstock PLC                                                  | CUSIP: 000000000<br>LEI: 2138003QHTNX34CN9V93 | Long             | EC               | CORP              | GB        |    456760 | NS      | $1206057.26   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                                              | MonotaRO Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     64081 | NS      | $1324297.74   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Daido Steel Co Ltd                                           | Daido Steel Co Ltd                                           | CUSIP: 000000000<br>LEI: 353800WZKGRNG0T2FR92 | Long             | EC               | CORP              | JP        |    372998 | NS      | $2523187.55   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Shokubai Co Ltd                                       | Nippon Shokubai Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    265727 | NS      | $3058820.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexpol AB                                                    | Hexpol AB                                                    | CUSIP: 000000000<br>LEI: 549300MN30TBRLYN3465 | Long             | EC               | CORP              | SE        |    212539 | NS      | $1971610.98   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Food & Life Cos Ltd                                          | Food & Life Cos Ltd                                          | CUSIP: 000000000<br>LEI: 529900CWF7GCVZKS5M87 | Long             | EC               | CORP              | JP        |     65614 | NS      | $2812905.53   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| S-1 Corp                                                     | S-1 Corp                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     33685 | NS      | $1616254.98   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Konami Group Corp                                            | Konami Group Corp                                            | CUSIP: 000000000<br>LEI: 353800FC4A5QCMIZFV94 | Long             | EC               | CORP              | JP        |     36500 | NS      | $4971811.22   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Television Francaise 1 SA                                    | Television Francaise 1 SA                                    | CUSIP: 000000000<br>LEI: 969500WQFC6OAQYG7E65 | Long             | EC               | CORP              | FR        |    239934 | NS      | $2319359.55   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Laurentian Bank of Canada                                    | Laurentian Bank of Canada                                    | CUSIP: 51925D106<br>LEI: HO0K6ZULL3QE6S6SFW60 | Long             | EC               | CORP              | CA        |     64159 | NS      | $1427881.30   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Assura PLC                                                   | Assura PLC                                                   | CUSIP: 000000000<br>LEI: 21380026T19N2Y52XF72 | Long             | EC               |  | GB        |   1204358 | NS      | $803948.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tritax Big Box REIT PLC                                      | Tritax Big Box REIT PLC                                      | CUSIP: 000000000<br>LEI: 213800L6X88MIYPVR714 | Long             | EC               |  | GB        |    466771 | NS      | $924682.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Befesa SA                                                    | Befesa SA                                                    | CUSIP: 000000000<br>LEI: 222100VXGA8L6J4ZWG61 | Long             | EC               | CORP              | LU        |     47611 | NS      | $1472332.97   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TOKAI Holdings Corp                                          | TOKAI Holdings Corp                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    261744 | NS      | $1788555.28   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OSG Corp                                                     | OSG Corp                                                     | CUSIP: 000000000<br>LEI: 353800IWJAOVAFO6X450 | Long             | EC               | CORP              | JP        |    127961 | NS      | $1466769.42   | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Seatrium Ltd                                                 | Seatrium Ltd                                                 | CUSIP: 000000000<br>LEI: 254900MQNHWMN6X1NV39 | Long             | EC               | CORP              | SG        |    496622 | NS      | $789450.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hang Lung Group Ltd                                          | Hang Lung Group Ltd                                          | CUSIP: 000000000<br>LEI: 529900V2T2EPOQYH0981 | Long             | EC               | CORP              | HK        |   1680612 | NS      | $2413259.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| G8 Education Ltd                                             | G8 Education Ltd                                             | CUSIP: 000000000<br>LEI: 5299008FNTQ0LDQ3UZ44 | Long             | EC               | CORP              | AU        |   1689275 | NS      | $1331737.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Oki Electric Industry Co Ltd                                 | Oki Electric Industry Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900VJ2Q0182B3J852 | Long             | EC               | CORP              | JP        |    221710 | NS      | $2123450.02   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Aryzta AG                                                    | Aryzta AG                                                    | CUSIP: 000000000<br>LEI: 549300W2PUDQQVRD8W85 | Long             | EC               | CORP              | CH        |     15493 | NS      | $1600123.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                                                  | Euronext NV                                                  | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     21369 | NS      | $3478764.12   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Round One Corp                                               | Round One Corp                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    102392 | NS      | $788367.66    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Advanced Materials PLC                                | Morgan Advanced Materials PLC                                | CUSIP: 000000000<br>LEI: I4K14LL95N2PHDL7EG85 | Long             | EC               | CORP              | GB        |    390343 | NS      | $1115962.06   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Linea Directa Aseguradora SA Cia de Seguros y Reaseguros     | Linea Directa Aseguradora SA Cia de Seguros y Reaseguros     | CUSIP: 000000000<br>LEI: 95980079E2NBJT967T79 | Long             | EC               | CORP              | ES        |    788191 | NS      | $1224078.31   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AEON Financial Service Co Ltd                                | AEON Financial Service Co Ltd                                | CUSIP: 000000000<br>LEI: 35380044PRFENBU7WT74 | Long             | EC               | CORP              | JP        |    194130 | NS      | $1766469.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Youngone Holdings Co Ltd                                     | Youngone Holdings Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     18920 | NS      | $1656545.63   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Geo Holdings Corp                                            | Geo Holdings Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     77892 | NS      | $884749.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cranswick PLC                                                | Cranswick PLC                                                | CUSIP: 000000000<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |     50917 | NS      | $3652932.22   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Superior Plus Corp                                           | Superior Plus Corp                                           | CUSIP: 86828P103<br>LEI: 52990059VEQM9RBM0045 | Long             | EC               | CORP              | CA        |    384868 | NS      | $2180531.45   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sheng Siong Group Ltd                                        | Sheng Siong Group Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    532625 | NS      | $747558.35    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITE Group PLC/The                                          | UNITE Group PLC/The                                          | CUSIP: 000000000<br>LEI: 213800BBUUWVDH9YI827 | Long             | EC               |  | GB        |     75447 | NS      | $876016.53    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Billerud Aktiebolag                                          | Billerud Aktiebolag                                          | CUSIP: 000000000<br>LEI: 549300YJUYJ9A24RXL71 | Long             | EC               | CORP              | SE        |    375223 | NS      | $4078447.18   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Infrastructure Solutions Ltd                          | Badger Infrastructure Solutions Ltd                          | CUSIP: 056533102<br>LEI: 254900BS2WTIBXVDKM03 | Long             | EC               | CORP              | CA        |     25459 | NS      | $826012.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Shinyaku Co Ltd                                       | Nippon Shinyaku Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     82199 | NS      | $2028557.05   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Plus500 Ltd                                                  | Plus500 Ltd                                                  | CUSIP: 000000000<br>LEI: 549300X8NGW9C5OJZU13 | Long             | EC               | CORP              | IL        |     89131 | NS      | $4096335.69   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYCITY Entertainment Group Ltd                              | SKYCITY Entertainment Group Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |   1326730 | NS      | $752517.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB Group PLC                                                | AIB Group PLC                                                | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    412774 | NS      | $3242724.56   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Savills PLC                                                  | Savills PLC                                                  | CUSIP: 000000000<br>LEI: 213800WXICGMBWHTA933 | Long             | EC               | CORP              | GB        |    157429 | NS      | $2067811.13   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtel Africa PLC                                            | Airtel Africa PLC                                            | CUSIP: 000000000<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |   1725652 | NS      | $4109709.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Trican Well Service Ltd                                      | Trican Well Service Ltd                                      | CUSIP: 895945103<br>LEI: 5493003PMAE3KEW1DL91 | Long             | EC               | CORP              | CA        |    144439 | NS      | $450666.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyosung Corp                                                 | Hyosung Corp                                                 | CUSIP: 000000000<br>LEI: 549300I0RPK0L4R21F76 | Long             | EC               | CORP              | KR        |     12518 | NS      | $566154.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Renewi PLC                                                   | Renewi PLC                                                   | CUSIP: 000000000<br>LEI: 213800CNEIDZBL17KU22 | Long             | EC               | CORP              | GB        |    109678 | NS      | $1282347.69   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Daishin Securities Co Ltd                                    | Daishin Securities Co Ltd                                    | CUSIP: 000000000<br>LEI: 549300A0MNIZNJBONO78 | Long             | EC               | CORP              | KR        |     32895 | NS      | $547177.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                                  | Cameco Corp                                                  | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     42092 | NS      | $2459486.73   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| International Workplace Group PLC                            | International Workplace Group PLC                            | CUSIP: 000000000<br>LEI: 2138003LWDII27UTAG52 | Long             | EC               | CORP              | JE        |   1016289 | NS      | $2639615.57   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Corbion NV                                                   | Corbion NV                                                   | CUSIP: 000000000<br>LEI: 724500BKS1TSAVLTWG46 | Long             | EC               | CORP              | NL        |     56999 | NS      | $1231395.77   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Accent Group Ltd                                             | Accent Group Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    125521 | NS      | $153480.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NCC AB                                                       | NCC AB                                                       | CUSIP: 000000000<br>LEI: 213800WRGLW3CY4MHW53 | Long             | EC               | CORP              | SE        |    162995 | NS      | $3080036.08   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JOST Werke SE                                                | JOST Werke SE                                                | CUSIP: 000000000<br>LEI: 529900G977BSS7DATK68 | Long             | EC               | CORP              | DE        |     21029 | NS      | $1215144.81   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Joyful Honda Co Ltd                                          | Joyful Honda Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     89535 | NS      | $1274506.32   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyoei Steel Ltd                                              | Kyoei Steel Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     57249 | NS      | $772074.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange Polska SA                                             | Orange Polska SA                                             | CUSIP: 000000000<br>LEI: 259400TOMPUOLS65II22 | Long             | EC               | CORP              | PL        |   1185204 | NS      | $3051831.85   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Espirito Santo Financial Group SA                            | Espirito Santo Financial Group SA                            | CUSIP: 000000000<br>LEI: 549300GGF3CSCFS5UT61 | Long             | EC               | CORP              | LU        |      8470 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fugro NV                                                     | Fugro NV                                                     | CUSIP: 000000000<br>LEI: 7245000R8GNBSDTSZ396 | Long             | EC               | CORP              | NL        |     82088 | NS      | $1040937.08   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SAF-Holland SE                                               | SAF-Holland SE                                               | CUSIP: 000000000<br>LEI: 222100QJQLUJHWREL058 | Long             | EC               | CORP              | DE        |     62821 | NS      | $1163902.58   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITEC Group Holdings Inc                                    | MEITEC Group Holdings Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59167 | NS      | $1321155.09   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Canfor Corp                                                  | Canfor Corp                                                  | CUSIP: 137576104<br>LEI: 549300DRE7WBHY02BD70 | Long             | EC               | CORP              | CA        |    271992 | NS      | $2571654.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Galenica AG                                                  | Galenica AG                                                  | CUSIP: 000000000<br>LEI: 506700W4772BD8016Z20 | Long             | EC               | CORP              | CH        |     43794 | NS      | $4541718.46   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                                           | Garrett Motion Inc                                           | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |     92877 | NS      | $984496.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Storebrand ASA                                               | Storebrand ASA                                               | CUSIP: 000000000<br>LEI: 5967007LIEEXZX7NA051 | Long             | EC               | CORP              | NO        |    169181 | NS      | $2213875.66   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ninety One PLC                                               | Ninety One PLC                                               | CUSIP: 000000000<br>LEI: 549300G0TJCT3K15ZG14 | Long             | EC               | CORP              | GB        |    342016 | NS      | $741651.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hafnia Ltd                                                   | Hafnia Ltd                                                   | CUSIP: 000000000<br>LEI: 5493001KCFT0SCGJ2647 | Long             | EC               | CORP              | SG        |    186196 | NS      | $938529.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Logistics Fund Inc                                     | Japan Logistics Fund Inc                                     | CUSIP: 000000000<br>LEI: 3538004KZWISCQO70151 | Long             | EC               |  | JP        |      1044 | NS      | $662742.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Arjo AB                                                      | Arjo AB                                                      | CUSIP: 000000000<br>LEI: 549300OWGJPYKC6JF790 | Long             | EC               | CORP              | SE        |    223257 | NS      | $712194.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Labrador Iron Ore Royalty Corp                               | Labrador Iron Ore Royalty Corp                               | CUSIP: 505440107<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     31915 | NS      | $672212.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunka Shutter Co Ltd                                         | Bunka Shutter Co Ltd                                         | CUSIP: 000000000<br>LEI: 3538006KDHDR2E6VDJ47 | Long             | EC               | CORP              | JP        |    110739 | NS      | $1648479.66   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SCREEN Holdings Co Ltd                                       | SCREEN Holdings Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800ND89FTQ9XQ0R07 | Long             | EC               | CORP              | JP        |     49125 | NS      | $3523640.81   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Luk Fook Holdings International Ltd                          | Luk Fook Holdings International Ltd                          | CUSIP: 000000000<br>LEI: 529900U7PECBLERIIX44 | Long             | EC               | CORP              | BM        |    722211 | NS      | $1670703.82   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuji Media Holdings Inc                                      | Fuji Media Holdings Inc                                      | CUSIP: 000000000<br>LEI: 353800TG2T8DSPV7H313 | Long             | EC               | CORP              | JP        |     46614 | NS      | $927789.65    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Almirall SA                                                  | Almirall SA Rights                                           | CUSIP: 000000000<br>LEI: 95980020140005007996 | Long             | EC               | CORP              | ES        |     49736 | NS      | $11461.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hazama Ando Corp                                             | Hazama Ando Corp                                             | CUSIP: 000000000<br>LEI: 353800YSSP5B2GMQ6E51 | Long             | EC               | CORP              | JP        |    318069 | NS      | $3194026.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SJM Holdings Ltd                                             | SJM Holdings Ltd                                             | CUSIP: 000000000<br>LEI: 529900XEAB40COT5ZL30 | Long             | EC               | CORP              | HK        |   1280052 | NS      | $378716.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NongShim Co Ltd                                              | NongShim Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4134 | NS      | $1270432.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| bpost SA                                                     | bpost SA                                                     | CUSIP: 000000000<br>LEI: 5493008AAX0BESN9WN06 | Long             | EC               | CORP              | BE        |    505291 | NS      | $1092194.88   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA                         | Infrastrutture Wireless Italiane SpA                         | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |     88176 | NS      | $1034051.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Dfds A/S                                                     | Dfds A/S                                                     | CUSIP: 000000000<br>LEI: 549300JZVW1Y1UZ5UK38 | Long             | EC               | CORP              | DK        |     78943 | NS      | $1257897.82   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Martinrea International Inc                                  | Martinrea International Inc                                  | CUSIP: 573459104<br>LEI: 5493004U3PUN21MLJG41 | Long             | EC               | CORP              | CA        |    210277 | NS      | $1289236.05   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Suruga Bank Ltd                                              | Suruga Bank Ltd                                              | CUSIP: 000000000<br>LEI: 3538003A9JIMKE5G3M02 | Long             | EC               | CORP              | JP        |     22276 | NS      | $205940.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CompuGroup Medical SE & Co KgaA                              | CompuGroup Medical SE & Co KgaA                              | CUSIP: 000000000<br>LEI: 529900CUXZGOCJZR7O57 | Long             | EC               | CORP              | DE        |     34798 | NS      | $872258.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Penta-Ocean Construction Co Ltd                              | Penta-Ocean Construction Co Ltd                              | CUSIP: 000000000<br>LEI: 529900QN42Q9UIW3AS17 | Long             | EC               | CORP              | JP        |    651094 | NS      | $3945955.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| San-Ai Obbli Co Ltd                                          | San-Ai Obbli Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    224141 | NS      | $2704386.71   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Nichireki Group Co Ltd                                       | Nichireki Group Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     35523 | NS      | $619150.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FIH Mobile Ltd                                               | FIH Mobile Ltd                                               | CUSIP: 000000000<br>LEI: 30030037GI80SRAJAK10 | Long             | EC               | CORP              | KY        |   1181979 | NS      | $1394278.65   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyorin Pharmaceutical Co Ltd                                 | Kyorin Pharmaceutical Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     63818 | NS      | $665623.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Steel Works Ltd/The                                    | Japan Steel Works Ltd/The                                    | CUSIP: 000000000<br>LEI: 529900AWFTILIHHO0936 | Long             | EC               | CORP              | JP        |     52405 | NS      | $2491048.86   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan SA                                                     | Titan SA                                                     | CUSIP: 000000000<br>LEI: 213800H2CDP9I374WH83 | Long             | EC               | CORP              | BE        |     26389 | NS      | $1192333.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Primary Health Properties PLC                                | Primary Health Properties PLC                                | CUSIP: 000000000<br>LEI: 213800Y5CJHXOATK7X11 | Long             | EC               |  | GB        |    510240 | NS      | $692212.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Wizel Ltd                                                | Fox Wizel Ltd                                                | CUSIP: 000000000<br>LEI: 984500CD14C1DFBH7712 | Long             | EC               | CORP              | IL        |      7094 | NS      | $599708.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Unibrew A/S                                            | Royal Unibrew A/S                                            | CUSIP: 000000000<br>LEI: 529900D69KFL8IAP8Q63 | Long             | EC               | CORP              | DK        |     27883 | NS      | $2314831.11   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bird Construction Inc                                        | Bird Construction Inc                                        | CUSIP: 09076P104<br>LEI: 549300P1WGG3QPKID017 | Long             | EC               | CORP              | CA        |     35031 | NS      | $688925.59    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Quilter PLC                                                  | Quilter PLC                                                  | CUSIP: 000000000<br>LEI: 54930092XIVK28RZGM95 | Long             | EC               | CORP              | GB        |   1275039 | NS      | $2539634.03   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IS Dongseo Co Ltd                                            | IS Dongseo Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     27391 | NS      | $417902.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui Jushi Corp                                           | Sekisui Jushi Corp                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40348 | NS      | $538830.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WH Smith PLC                                                 | WH Smith PLC                                                 | CUSIP: 000000000<br>LEI: 2138001KJNGUJ34G7X91 | Long             | EC               | CORP              | GB        |     66180 | NS      | $933524.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chiba Bank Ltd/The                                           | Chiba Bank Ltd/The                                           | CUSIP: 000000000<br>LEI: FGJPAKKCTZVSKZXNBS63 | Long             | EC               | CORP              | JP        |    324050 | NS      | $2950910.98   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Taihei Dengyo Kaisha Ltd                                     | Taihei Dengyo Kaisha Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28090 | NS      | $990873.56    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo PLC                                                | Fresnillo PLC                                                | CUSIP: 000000000<br>LEI: 549300JXWH1UV5J0XV81 | Long             | EC               | CORP              | GB        |    180876 | NS      | $2836794.23   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nice Ltd                                                     | Nice Ltd                                                     | CUSIP: 000000000<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     17244 | NS      | $2901807.77   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ence Energia y Celulosa SA                                   | Ence Energia y Celulosa SA                                   | CUSIP: 000000000<br>LEI: 95980020140005309084 | Long             | EC               | CORP              | ES        |    142177 | NS      | $466464.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KSB SE & Co KGaA                                             | KSB SE & Co KGaA                                             | CUSIP: 000000000<br>LEI: 529900BVAET534PD7C28 | Long             | EP               | CORP              | DE        |      1442 | NS      | $1267061.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SThree PLC                                                   | SThree PLC                                                   | CUSIP: 000000000<br>LEI: 2138003NEBX5VRP3EX50 | Long             | EC               | CORP              | GB        |    195068 | NS      | $620819.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Klepierre SA                                                 | Klepierre SA                                                 | CUSIP: 000000000<br>LEI: 969500PB4U31KEFHZ621 | Long             | EC               |  | FR        |     29742 | NS      | $1163528.63   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Orora Ltd                                                    | Orora Ltd                                                    | CUSIP: 000000000<br>LEI: 549300WFEQJK35VDF789 | Long             | EC               | CORP              | AU        |   1709329 | NS      | $2057072.09   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Infrastructure Holdings Ltd                               | CK Infrastructure Holdings Ltd                               | CUSIP: 000000000<br>LEI: 5299005U11RQ1C27MR12 | Long             | EC               | CORP              | BM        |    125887 | NS      | $814732.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AIXTRON SE                                                   | AIXTRON SE                                                   | CUSIP: 000000000<br>LEI: 5299004UJ4D51M25LD67 | Long             | EC               | CORP              | DE        |     42921 | NS      | $592509.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hunting PLC                                                  | Hunting PLC                                                  | CUSIP: 000000000<br>LEI: 2138008S5FL78ITZRN66 | Long             | EC               | CORP              | GB        |    214387 | NS      | $743016.99    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bilia AB                                                     | Bilia AB                                                     | CUSIP: 000000000<br>LEI: 2138002GW5WN1UYZAO32 | Long             | EC               | CORP              | SE        |    143401 | NS      | $1854294.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Casio Computer Co Ltd                                        | Casio Computer Co Ltd                                        | CUSIP: 000000000<br>LEI: 353800JRMIABSXKHV344 | Long             | EC               | CORP              | JP        |    382628 | NS      | $2764404.10   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Technologies Engineering Ltd                       | Singapore Technologies Engineering Ltd                       | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |    803773 | NS      | $4873995.70   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cimpress PLC                                                 | Cimpress PLC                                                 | CUSIP: 000000000<br>LEI: 549300X1IFD75XISOR81 | Long             | EC               | CORP              | IE        |     13632 | NS      | $603352.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| James Halstead PLC                                           | James Halstead PLC                                           | CUSIP: 000000000<br>LEI: 213800C8FFBYVO6UL498 | Long             | EC               | CORP              | GB        |     91756 | NS      | $195505.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| 1&1 AG                                                       | 1&1 AG                                                       | CUSIP: 000000000<br>LEI: 5299003VKVDCUPSS5X23 | Long             | EC               | CORP              | DE        |    102092 | NS      | $2114015.55   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Toagosei Co Ltd                                              | Toagosei Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    185775 | NS      | $1805671.97   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohnan Shoji Co Ltd                                          | Kohnan Shoji Co Ltd                                          | CUSIP: 000000000<br>LEI: 353800Z44MNXZ33L2N11 | Long             | EC               | CORP              | JP        |     61395 | NS      | $1580667.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Group Ltd                                              | Delek Group Ltd                                              | CUSIP: 000000000<br>LEI: 213800CYKA4XE2HZZB09 | Long             | EC               | CORP              | IL        |     16494 | NS      | $2904434.22   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Nipro Corp                                                   | Nipro Corp                                                   | CUSIP: 000000000<br>LEI: 353800AKDDNW0E810O26 | Long             | EC               | CORP              | JP        |    304742 | NS      | $2678992.53   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LX INTERNATIONAL CORP                                        | LX INTERNATIONAL CORP                                        | CUSIP: 000000000<br>LEI: 988400KZJVVPCZ6BC265 | Long             | EC               | CORP              | KR        |    172486 | NS      | $3537982.03   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Resources Ltd                                      | Paramount Resources Ltd                                      | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |     54727 | NS      | $758245.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| BFF Bank SpA                                                 | BFF Bank SpA                                                 | CUSIP: 000000000<br>LEI: 815600522538355AE429 | Long             | EC               | CORP              | IT        |    123867 | NS      | $1276830.06   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Heiwa Real Estate Co Ltd                                     | Heiwa Real Estate Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16760 | NS      | $518033.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Koei Tecmo Holdings Co Ltd                                   | Koei Tecmo Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800RQ25FIYLPYXP11 | Long             | EC               | CORP              | JP        |     64105 | NS      | $1062678.26   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NCAB Group AB                                                | NCAB Group AB                                                | CUSIP: 000000000<br>LEI: 549300RUPCK2N43ES354 | Long             | EC               | CORP              | SE        |     90512 | NS      | $413878.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Iron Ltd                                            | Champion Iron Ltd                                            | CUSIP: 000000000<br>LEI: 894500WQI96G4T75O202 | Long             | EC               | CORP              | AU        |    411588 | NS      | $1146919.26   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp                                            | FirstService Corp                                            | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     10659 | NS      | $1864811.41   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Baloise Holding AG                                           | Baloise Holding AG                                           | CUSIP: 000000000<br>LEI: 529900G5XKBZN48T6283 | Long             | EC               | CORP              | CH        |      4732 | NS      | $1124321.59   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryobi Ltd                                                    | Ryobi Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     82574 | NS      | $1248095.18   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Kayaku Co Ltd                                         | Nippon Kayaku Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    281019 | NS      | $2541528.08   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Henderson Land Development Co Ltd                            | Henderson Land Development Co Ltd                            | CUSIP: 000000000<br>LEI: 529900SYQB7IVR9QGN76 | Long             | EC               | CORP              | HK        |    889086 | NS      | $2783513.63   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United Internet AG                                           | United Internet AG                                           | CUSIP: 000000000<br>LEI: 3VEKWPJHTD4NKMBVG947 | Long             | EC               | CORP              | DE        |    179949 | NS      | $4686347.43   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kagome Co Ltd                                                | Kagome Co Ltd                                                | CUSIP: 000000000<br>LEI: 549300QC5KRGKXSZKO90 | Long             | EC               | CORP              | JP        |     70690 | NS      | $1458919.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Flughafen Zurich AG                                          | Flughafen Zurich AG                                          | CUSIP: 000000000<br>LEI: 529900PFO97GCN5SYB55 | Long             | EC               | CORP              | CH        |      6719 | NS      | $1864685.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                                | RB Global Inc                                                | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     29111 | NS      | $3061318.22   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Lifeline Co Ltd                                        | Japan Lifeline Co Ltd                                        | CUSIP: 000000000<br>LEI: 353800QUW6LROZVA6765 | Long             | EC               | CORP              | JP        |     17037 | NS      | $171556.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Heijmans N.V                                     | Koninklijke Heijmans N.V                                     | CUSIP: 000000000<br>LEI: 724500OUE3PCA809DZ79 | Long             | EC               | CORP              | NL        |      7890 | NS      | $501599.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RioCan Real Estate Investment Trust                          | RioCan Real Estate Investment Trust                          | CUSIP: 766910103<br>LEI: 549300S8HVUSEU3JBY60 | Long             | EC               |  | CA        |    255030 | NS      | $3216277.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Norconsult Norge AS                                          | Norconsult Norge AS                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NO        |    200459 | NS      | $886817.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Stella-Jones Inc                                             | Stella-Jones Inc                                             | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               | CORP              | CA        |     50302 | NS      | $2838599.35   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Daesang Corp                                                 | Daesang Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | KR        |      4488 | NS      | $54323.11     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Siix Corp                                                    | Siix Corp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     81388 | NS      | $654285.18    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Otoki Corp                                                   | Otoki Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3486 | NS      | $1005601.22   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Innergex Renewable Energy Inc                                | Innergex Renewable Energy Inc                                | CUSIP: 45790B104<br>LEI: 549300EORYEC4J59SU80 | Long             | EC               | CORP              | CA        |    176246 | NS      | $1750987.57   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hysan Development Co Ltd                                     | Hysan Development Co Ltd                                     | CUSIP: 000000000<br>LEI: 5299007BABFLKIH9HL03 | Long             | EC               | CORP              | HK        |    689026 | NS      | $1133504.91   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Seegene Inc                                                  | Seegene Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     70453 | NS      | $1710643.98   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TOBISHIMA HOLDINGS Inc                                       | TOBISHIMA HOLDINGS Inc                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4829 | NS      | $62815.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Definity Financial Corp                                      | Definity Financial Corp                                      | CUSIP: 24477T100<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |     24568 | NS      | $1331544.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JVCKenwood Corp                                              | JVCKenwood Corp                                              | CUSIP: 000000000<br>LEI: 529900GGYCEJXM5Y6961 | Long             | EC               | CORP              | JP        |    231667 | NS      | $1890487.49   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Group PLC                                                | CVS Group PLC                                                | CUSIP: 000000000<br>LEI: 213800J41XDQ2NX48O05 | Long             | EC               | CORP              | GB        |     50028 | NS      | $836569.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Austal Ltd                                                   | Austal Ltd                                                   | CUSIP: 000000000<br>LEI: 254900DJEFGICBICBU73 | Long             | EC               | CORP              | AU        |    438100 | NS      | $1556304.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanaway Waste Management Ltd                               | Cleanaway Waste Management Ltd                               | CUSIP: 000000000<br>LEI: 549300D5C72CV6CIBS66 | Long             | EC               | CORP              | AU        |   1201296 | NS      | $2172394.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Asics Corp                                                   | Asics Corp                                                   | CUSIP: 000000000<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |    172629 | NS      | $4166927.52   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bilfinger SE                                                 | Bilfinger SE                                                 | CUSIP: 000000000<br>LEI: 529900H0HULEN2BZ4604 | Long             | EC               | CORP              | DE        |     33101 | NS      | $2929198.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilh Wilhelmsen Holding ASA                                  | Wilh Wilhelmsen Holding ASA                                  | CUSIP: 000000000<br>LEI: 54930050TPKOLSE1ZZ71 | Long             | EC               | CORP              | NO        |     11451 | NS      | $458391.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hotel Shilla Co Ltd                                          | Hotel Shilla Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     44015 | NS      | $1582332.39   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lassonde Industries Inc                                      | Lassonde Industries Inc                                      | CUSIP: 517907101<br>LEI: 549300U3Y8OW3GQ0VE25 | Long             | EC               | CORP              | CA        |      5546 | NS      | $888925.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| New Wave Group AB                                            | New Wave Group AB                                            | CUSIP: 000000000<br>LEI: 5493006EIYZZYQILKS31 | Long             | EC               | CORP              | SE        |     66763 | NS      | $810474.37    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Daihen Corp                                                  | Daihen Corp                                                  | CUSIP: 000000000<br>LEI: 353800VGTLA3QRNG5478 | Long             | EC               | CORP              | JP        |     23507 | NS      | $995375.93    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotte Shopping Co Ltd                                        | Lotte Shopping Co Ltd                                        | CUSIP: 000000000<br>LEI: 9884003SJK2VZLLC4B08 | Long             | EC               | CORP              | KR        |     72240 | NS      | $4220152.21   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SBS Holdings Inc                                             | SBS Holdings Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     26420 | NS      | $496376.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Activia Properties Inc                                       | Activia Properties Inc                                       | CUSIP: 000000000<br>LEI: 353800RPGYN3ML8CXV54 | Long             | EC               |  | JP        |      1157 | NS      | $922905.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Menicon Co Ltd                                               | Menicon Co Ltd                                               | CUSIP: 000000000<br>LEI: 3538000OOSRECSEX2327 | Long             | EC               | CORP              | JP        |     79410 | NS      | $598760.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| oOh!media Ltd                                                | oOh!media Ltd                                                | CUSIP: 000000000<br>LEI: 984500D581E7E7A88078 | Long             | EC               | CORP              | AU        |    643593 | NS      | $695829.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Genting Singapore Ltd                                        | Genting Singapore Ltd                                        | CUSIP: 000000000<br>LEI: 254900Y2N3AK93K1O866 | Long             | EC               | CORP              | SG        |   3421573 | NS      | $1830711.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambea AB                                                     | Ambea AB                                                     | CUSIP: 000000000<br>LEI: 549300AEVNZRHYI5HV24 | Long             | EC               | CORP              | SE        |     15004 | NS      | $167145.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp ACCIONA Energias Renovables SA                          | Corp ACCIONA Energias Renovables SA                          | CUSIP: 000000000<br>LEI: 254900UPX0OEHTKB9Y44 | Long             | EC               | CORP              | ES        |     42287 | NS      | $924601.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyokuto Kaihatsu Kogyo Co Ltd                                | Kyokuto Kaihatsu Kogyo Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59080 | NS      | $1050620.47   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Showa Sangyo Co Ltd                                          | Showa Sangyo Co Ltd                                          | CUSIP: 000000000<br>LEI: 549300JPYQ7YV93EU469 | Long             | EC               | CORP              | JP        |     45358 | NS      | $910334.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Richelieu Hardware Ltd                                       | Richelieu Hardware Ltd                                       | CUSIP: 76329W103<br>LEI: 5493007VPNETW465DN04 | Long             | EC               | CORP              | CA        |     47685 | NS      | $1199278.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hiab Oyj                                                     | Hiab Oyj                                                     | CUSIP: 000000000<br>LEI: 5493002B0GOVF42KWX33 | Long             | EC               | CORP              | FI        |     15610 | NS      | $840342.03    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hulic Co Ltd                                                 | Hulic Co Ltd                                                 | CUSIP: 000000000<br>LEI: 3538002E12E7IHAKTB10 | Long             | EC               | CORP              | JP        |    372127 | NS      | $3770398.66   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cascades Inc                                                 | Cascades Inc                                                 | CUSIP: 146900105<br>LEI: FPD41G4F3GH7OJ38TS94 | Long             | EC               | CORP              | CA        |    307590 | NS      | $1977595.99   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Strabag SE                                                   | Strabag SE                                                   | CUSIP: 000000000<br>LEI: 529900TYYSRJH2VJSP60 | Long             | EC               | CORP              | AT        |     40554 | NS      | $3568017.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Traton SE                                                    | Traton SE                                                    | CUSIP: 000000000<br>LEI: 529900UIMQRKPFN6SV80 | Long             | EC               | CORP              | DE        |     81747 | NS      | $2888038.93   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DTS Corp                                                     | DTS Corp                                                     | CUSIP: 000000000<br>LEI: 529900WBOTPBINBCF151 | Long             | EC               | CORP              | JP        |     36491 | NS      | $1253078.10   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Torex Gold Resources Inc                                     | Torex Gold Resources Inc                                     | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    106309 | NS      | $3406650.82   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LF Corp                                                      | LF Corp                                                      | CUSIP: 000000000<br>LEI: 988400ESKM7PAKIFN130 | Long             | EC               | CORP              | KR        |     78405 | NS      | $946747.34    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Lease & Finance Co Ltd                        | Mitsubishi HC Capital Inc                                    | CUSIP: 000000000<br>LEI: 353800MZ3QX9RLMH7B09 | Long             | EC               | CORP              | JP        |    295408 | NS      | $2167014.57   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga Milk Industry Co Ltd                                | Morinaga Milk Industry Co Ltd                                | CUSIP: 000000000<br>LEI: 529900FB91P7MVO08949 | Long             | EC               | CORP              | JP        |    174878 | NS      | $4015182.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberAgent Inc                                               | CyberAgent Inc                                               | CUSIP: 000000000<br>LEI: 3538006T5KZABPGS8Q08 | Long             | EC               | CORP              | JP        |    510914 | NS      | $5187213.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Danieli & C Officine Meccaniche SpA                          | Danieli & C Officine Meccaniche SpA                          | CUSIP: 000000000<br>LEI: 815600B4B8C6A353E566 | Long             | EP               | CORP              | IT        |     43469 | NS      | $1390632.16   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bravida Holding AB                                           | Bravida Holding AB                                           | CUSIP: 000000000<br>LEI: 549300H88IJGPNNL3T61 | Long             | EC               | CORP              | SE        |    225061 | NS      | $2080741.37   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nachi-Fujikoshi Corp                                         | Nachi-Fujikoshi Corp                                         | CUSIP: 000000000<br>LEI: 353800VMZ8DPGXDO5U37 | Long             | EC               | CORP              | JP        |     44586 | NS      | $945515.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sundrug Co Ltd                                               | Sundrug Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    137815 | NS      | $4289318.17   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| F&F Co Ltd / New                                             | F&F Co Ltd / New                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     21249 | NS      | $1162788.65   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Birchcliff Energy Ltd                                        | Birchcliff Energy Ltd                                        | CUSIP: 090697103<br>LEI: 5493000BBN3EF2L0XW29 | Long             | EC               | CORP              | CA        |    415180 | NS      | $1956701.26   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MPC Container Ships ASA                                      | MPC Container Ships ASA                                      | CUSIP: 000000000<br>LEI: 213800MXS7CXYJ2Q1805 | Long             | EC               | CORP              | NO        |    591775 | NS      | $930191.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| nib holdings Ltd/Australia                                   | nib holdings Ltd/Australia                                   | CUSIP: 000000000<br>LEI: 529900SPKHL951XMJC07 | Long             | EC               | CORP              | AU        |    430290 | NS      | $1863625.14   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc                                                  | Stantec Inc                                                  | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |     40695 | NS      | $4178270.59   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokuyama Corp                                                | Tokuyama Corp                                                | CUSIP: 000000000<br>LEI: 529900MHGZKHNMNCQB62 | Long             | EC               | CORP              | JP        |    164553 | NS      | $3217048.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EQB Inc                                                      | EQB Inc                                                      | CUSIP: 26886R104<br>LEI: 549300QAXPCRULOPD247 | Long             | EC               | CORP              | CA        |     10854 | NS      | $747098.12    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarkson PLC                                                 | Clarkson PLC                                                 | CUSIP: 000000000<br>LEI: 2138007G6BGTEHI3OT22 | Long             | EC               | CORP              | GB        |     15015 | NS      | $674274.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Holdings Corp                                          | Orion Holdings Corp                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     79985 | NS      | $1095684.93   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Indra Sistemas SA                                            | Indra Sistemas SA                                            | CUSIP: 000000000<br>LEI: 95980020140005308793 | Long             | EC               | CORP              | ES        |     71795 | NS      | $2953751.95   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MCJ Co Ltd                                                   | MCJ Co Ltd                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    125983 | NS      | $1154229.36   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruwa Co Ltd/Aichi                                          | Maruwa Co Ltd/Aichi                                          | CUSIP: 000000000<br>LEI: 3538009BXGIG8PFXNI29 | Long             | EC               | CORP              | JP        |      2674 | NS      | $651010.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Pfandbriefbank AG                                   | Deutsche Pfandbriefbank AG                                   | CUSIP: 000000000<br>LEI: DZZ47B9A52ZJ6LT6VV95 | Long             | EC               | CORP              | DE        |    296166 | NS      | $1934960.75   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Posco International Corp                                     | Posco International Corp                                     | CUSIP: 000000000<br>LEI: 988400B6ECL5BWA8KC19 | Long             | EC               | CORP              | KR        |     25513 | NS      | $907017.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyobo Co Ltd                                                | Toyobo Co Ltd                                                | CUSIP: 000000000<br>LEI: 5299005EWBCNUAZ4PM62 | Long             | EC               | CORP              | JP        |    285233 | NS      | $1779061.64   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCLANDS CORP                                                | ARCLANDS CORP                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     94610 | NS      | $1120541.18   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Onex Corp                                                    | Onex Corp                                                    | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |      3277 | NS      | $242792.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Heavy Industries Co Ltd                              | Samsung Heavy Industries Co Ltd                              | CUSIP: 000000000<br>LEI: 988400OSK0T9LDTWNC20 | Long             | EC               | CORP              | KR        |    175016 | NS      | $2143777.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                                              | Knorr-Bremse AG                                              | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |     46258 | NS      | $4673782.42   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SIG Group AG                                                 | SIG Group AG                                                 | CUSIP: 000000000<br>LEI: 5493004Z6P7TSVB1L042 | Long             | EC               | CORP              | CH        |    119283 | NS      | $2439236.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Metsa Board Oyj                                              | Metsa Board Oyj                                              | CUSIP: 000000000<br>LEI: 743700KKB8Q035K38488 | Long             | EC               | CORP              | FI        |    271824 | NS      | $1004763.44   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freightways Group Ltd                                        | Freightways Group Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |     22779 | NS      | $147562.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Glass Holdings Ltd                                     | Xinyi Glass Holdings Ltd                                     | CUSIP: 000000000<br>LEI: 52990082YXVVZFK1QJ17 | Long             | EC               | CORP              | KY        |   2665752 | NS      | $2542842.29   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bega Cheese Ltd                                              | Bega Cheese Ltd                                              | CUSIP: 000000000<br>LEI: 549300P1H1GM5BXPB476 | Long             | EC               | CORP              | AU        |    340694 | NS      | $1194932.11   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dometic Group AB                                             | Dometic Group AB                                             | CUSIP: 000000000<br>LEI: 549300STIPMK5VSA7Y59 | Long             | EC               | CORP              | SE        |    414148 | NS      | $1599684.62   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoshizaki Corp                                               | Hoshizaki Corp                                               | CUSIP: 000000000<br>LEI: 5299001QAMLGU3SRBG20 | Long             | EC               | CORP              | JP        |     77390 | NS      | $2893510.17   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Solvay SA                                                    | Solvay SA                                                    | CUSIP: 000000000<br>LEI: 549300MMVL80RTBP3O28 | Long             | EC               | CORP              | BE        |     60740 | NS      | $1990044.31   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Isracard Ltd                                                 | Isracard Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    192501 | NS      | $907489.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Formula Systems 1985 Ltd                                     | Formula Systems 1985 Ltd                                     | CUSIP: 000000000<br>LEI: 5299007HN634606FI520 | Long             | EC               | CORP              | IL        |     10941 | NS      | $1167425.51   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Interroll Holding AG                                         | Interroll Holding AG                                         | CUSIP: 000000000<br>LEI: 529900MU4QAEI94TB543 | Long             | EC               | CORP              | CH        |       330 | NS      | $802556.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Okamoto Industries Inc                                       | Okamoto Industries Inc                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15838 | NS      | $564172.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coats Group PLC                                              | Coats Group PLC                                              | CUSIP: 000000000<br>LEI: 2138003SPYWGAITNFY17 | Long             | EC               | CORP              | GB        |   1235116 | NS      | $1312505.53   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanyo Chemical Industries Ltd                                | Sanyo Chemical Industries Ltd                                | CUSIP: 000000000<br>LEI: 529900STCFY6RXOR2I79 | Long             | EC               | CORP              | JP        |     27501 | NS      | $703272.39    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SGH Ltd                                                      | SGH Ltd                                                      | CUSIP: 000000000<br>LEI: 254900DME8O9GCK94794 | Long             | EC               | CORP              | AU        |     78800 | NS      | $2573620.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Apartment Properties REIT                           | Canadian Apartment Properties REIT                           | CUSIP: 134921105<br>LEI: 549300B1MYVTQEB2DI90 | Long             | EC               |  | CA        |     72894 | NS      | $2372984.79   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PAX Global Technology Ltd                                    | PAX Global Technology Ltd                                    | CUSIP: 000000000<br>LEI: 5299008CRGPD1WZXCD36 | Long             | EC               | CORP              | BM        |   1334280 | NS      | $813341.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapletree Industrial Trust                                   | Mapletree Industrial Trust                                   | CUSIP: 000000000<br>LEI: 549300R7WZFHXNKDJF41 | Long             | EC               |  | SG        |    664783 | NS      | $994906.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CJ Logistics Corp                                            | CJ Logistics Corp                                            | CUSIP: 000000000<br>LEI: 988400MIXJ2YDYLYR916 | Long             | EC               | CORP              | KR        |     25746 | NS      | $1500310.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakuten Group Inc                                            | Rakuten Group Inc                                            | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | EC               | CORP              | JP        |    321880 | NS      | $1781443.35   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Topre Corp                                                   | Topre Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    158665 | NS      | $1972660.24   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chow Tai Fook Jewellery Group Ltd                            | Chow Tai Fook Jewellery Group Ltd                            | CUSIP: 000000000<br>LEI: 254900VXRL7SRSF44G79 | Long             | EC               | CORP              | KY        |   2151050 | NS      | $3066834.87   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Warehouse Co Ltd/The                                | Sumitomo Warehouse Co Ltd/The                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     84048 | NS      | $1747420.22   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Katitas Co Ltd                                               | Katitas Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     50436 | NS      | $771421.41    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HK Electric Investments & HK Electric Investments Ltd        | HK Electric Investments & HK Electric Investments Ltd        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | XX        |   1863162 | NS      | $1344823.02   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Saizeriya Co Ltd                                             | Saizeriya Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     21972 | NS      | $761356.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| IGM Financial Inc                                            | IGM Financial Inc                                            | CUSIP: 449586106<br>LEI: 254900RYHLVJNTUFDA95 | Long             | EC               | CORP              | CA        |     80744 | NS      | $2572744.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Telecom Ltd                                              | TPG Telecom Ltd                                              | CUSIP: 000000000<br>LEI: 9845008F2E58CD6F7984 | Long             | EC               | CORP              | AU        |    597750 | NS      | $1981112.13   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| E1 Corp                                                      | E1 Corp                                                      | CUSIP: 000000000<br>LEI: 549300TUC1BHSZP9DF83 | Long             | EC               | CORP              | KR        |     16342 | NS      | $883607.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Life Insurance Co Ltd                                 | Hanwha Life Insurance Co Ltd                                 | CUSIP: 000000000<br>LEI: 988400ZKCI3R9DQHR320 | Long             | EC               | CORP              | KR        |   1094343 | NS      | $2343830.95   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Marui Group Co Ltd                                           | Marui Group Co Ltd                                           | CUSIP: 000000000<br>LEI: 52990081ZYFHQZEEMU57 | Long             | EC               | CORP              | JP        |    124121 | NS      | $2540568.79   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AF Gruppen ASA                                               | AF Gruppen ASA                                               | CUSIP: 000000000<br>LEI: 5967007LIEEXZXFU1405 | Long             | EC               | CORP              | NO        |     47638 | NS      | $702180.43    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hosiden Corp                                                 | Hosiden Corp                                                 | CUSIP: 000000000<br>LEI: 353800IQGIGW1XT2JX97 | Long             | EC               | CORP              | JP        |    129575 | NS      | $1957611.14   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Auckland International Airport Ltd                           | Auckland International Airport Ltd                           | CUSIP: 000000000<br>LEI: 549300HFZIZDJWB7AK60 | Long             | EC               | CORP              | NZ        |    264664 | NS      | $1193032.91   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Burckhardt Compression Holding AG                            | Burckhardt Compression Holding AG                            | CUSIP: 000000000<br>LEI: 5067004N56DLX7GY3E95 | Long             | EC               | CORP              | CH        |       306 | NS      | $227204.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Co Ltd                                                | Doosan Co Ltd                                                | CUSIP: 000000000<br>LEI: 988400GNQKLXZRRQQE60 | Long             | EC               | CORP              | KR        |     16416 | NS      | $5806340.51   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Electric Glass Co Ltd                                 | Nippon Electric Glass Co Ltd                                 | CUSIP: 000000000<br>LEI: 529900NCIGSAX4V03234 | Long             | EC               | CORP              | JP        |    141592 | NS      | $3397148.23   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonae SGPS SA                                                | Sonae SGPS SA                                                | CUSIP: 000000000<br>LEI: 549300847SOBT7HY7R50 | Long             | EC               | CORP              | PT        |   2476020 | NS      | $3429301.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Mediolanum SpA                                         | Banca Mediolanum SpA                                         | CUSIP: 000000000<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |    131649 | NS      | $2186520.34   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiyo Holdings Co Ltd                                        | Taiyo Holdings Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30329 | NS      | $1250615.41   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kameda Seika Co Ltd                                          | Kameda Seika Co Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19070 | NS      | $500885.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Queensland Ltd                                       | Bank of Queensland Ltd                                       | CUSIP: 000000000<br>LEI: 549300WFIN7T02UKDG08 | Long             | EC               | CORP              | AU        |    547687 | NS      | $2752743.27   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Canada Goose Holdings Inc                                    | Canada Goose Holdings Inc                                    | CUSIP: 135086106<br>LEI: 529900891XBE6RV8JR07 | Long             | EC               | CORP              | CA        |     15974 | NS      | $192856.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anritsu Corp                                                 | Anritsu Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    206441 | NS      | $2355626.37   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Scandic Hotels Group AB                                      | Scandic Hotels Group AB                                      | CUSIP: 000000000<br>LEI: 529900JY9ZBGUXGRKQ86 | Long             | EC               | CORP              | SE        |    161963 | NS      | $1294193.12   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zenkoku Hosho Co Ltd                                         | Zenkoku Hosho Co Ltd                                         | CUSIP: 000000000<br>LEI: 353800VOQEKTSCSL9O03 | Long             | EC               | CORP              | JP        |     68160 | NS      | $1509680.58   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mcnex Co Ltd                                                 | Mcnex Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     33651 | NS      | $665849.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Engineering & Construction Corp                           | GS Engineering & Construction Corp                           | CUSIP: 000000000<br>LEI: 988400BQ69DJXXFA0D28 | Long             | EC               | CORP              | KR        |     75078 | NS      | $1232526.42   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| China Water Affairs Group Ltd                                | China Water Affairs Group Ltd                                | CUSIP: 000000000<br>LEI: 529900XTSVH0DH4CEX74 | Long             | EC               | CORP              | BM        |   1885293 | NS      | $1468987.67   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Enav SpA                                                     | Enav SpA                                                     | CUSIP: 000000000<br>LEI: 81560048ECF8D2059980 | Long             | EC               | CORP              | IT        |    218238 | NS      | $1044038.55   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongkong Land Holdings Ltd                                   | Hongkong Land Holdings Ltd                                   | CUSIP: 000000000<br>LEI: 213800XCHYNRPAYGXW28 | Long             | EC               | CORP              | BM        |    922964 | NS      | $4771723.88   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancashire Holdings Ltd                                      | Lancashire Holdings Ltd                                      | CUSIP: 000000000<br>LEI: 5493002UNUYXLHOWF752 | Long             | EC               | CORP              | BM        |     92112 | NS      | $751516.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesis Energy Ltd                                           | Genesis Energy Ltd                                           | CUSIP: 000000000<br>LEI: 254900HM1ABRDJ7T5718 | Long             | EC               | CORP              | NZ        |    900471 | NS      | $1220411.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Real Estate Investment Trust                             | H&R Real Estate Investment Trust                             | CUSIP: 403925407<br>LEI: 549300TGNP6B6GUVGW10 | Long             | EC               |  | CA        |    337155 | NS      | $2557566.93   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| OCI Holdings Co Ltd                                          | OCI Holdings Co Ltd                                          | CUSIP: 000000000<br>LEI: 988400XZQA7CG16LDK87 | Long             | EC               | CORP              | KR        |     23682 | NS      | $1216970.21   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ontex Group NV                                               | Ontex Group NV                                               | CUSIP: 000000000<br>LEI: 549300AQESC6JJOPW253 | Long             | EC               | CORP              | BE        |    133458 | NS      | $1187824.58   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Boshoku Corp                                          | Toyota Boshoku Corp                                          | CUSIP: 000000000<br>LEI: 529900KS87U6EY7PWG26 | Long             | EC               | CORP              | JP        |    208050 | NS      | $2970186.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Real Estate Investment Corp                         | Frontier Real Estate Investment Corp                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1237 | NS      | $706391.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bando Chemical Industries Ltd                                | Bando Chemical Industries Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     56785 | NS      | $639886.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vend Marketplaces ASA                                        | Vend Marketplaces ASA                                        | CUSIP: 000000000<br>LEI: 5967007LIEEXZXHT0O36 | Long             | EC               | CORP              | NO        |     69171 | NS      | $2193508.37   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilbara Minerals Ltd                                         | Pilbara Minerals Ltd                                         | CUSIP: 000000000<br>LEI: 5299000VV1CZVF5K9C16 | Long             | EC               | CORP              | AU        |    355488 | NS      | $283680.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulbrain Co Ltd                                             | Soulbrain Co Ltd                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4750 | NS      | $549467.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House Reit Inc                                       | Sekisui House Reit Inc                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | JP        |      1812 | NS      | $968191.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NS Solutions Corp                                            | NS Solutions Corp                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     49606 | NS      | $1330435.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Demant A/S                                                   | Demant A/S                                                   | CUSIP: 000000000<br>LEI: 213800RM6L9LN78BVA56 | Long             | EC               | CORP              | DK        |     39420 | NS      | $1541823.99   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Create SD Holdings Co Ltd                                    | Create SD Holdings Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     54673 | NS      | $1199210.26   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Maruha Nichiro Corp                                          | Maruha Nichiro Corp                                          | CUSIP: 000000000<br>LEI: 529900HGXVKT576NWZ27 | Long             | EC               | CORP              | JP        |    169146 | NS      | $3658509.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyoritsu Maintenance Co Ltd                                  | Kyoritsu Maintenance Co Ltd                                  | CUSIP: 000000000<br>LEI: 353800IO2MFHL1NA0986 | Long             | EC               | CORP              | JP        |     36891 | NS      | $890221.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bodycote PLC                                                 | Bodycote PLC                                                 | CUSIP: 000000000<br>LEI: 213800V93QFW53NB7Y29 | Long             | EC               | CORP              | GB        |    217322 | NS      | $1658774.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ConvaTec Group PLC                                           | ConvaTec Group PLC                                           | CUSIP: 000000000<br>LEI: 213800LS272L4FIDOH92 | Long             | EC               | CORP              | GB        |    800509 | NS      | $3128468.41   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bonheur ASA                                                  | Bonheur ASA                                                  | CUSIP: 000000000<br>LEI: 213800HOQE1B34SUA323 | Long             | EC               | CORP              | NO        |      6502 | NS      | $149231.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Drax Group PLC                                               | Drax Group PLC                                               | CUSIP: 000000000<br>LEI: 549300YPSNTXR4ZHSR98 | Long             | EC               | CORP              | GB        |    333541 | NS      | $2973157.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindab International AB                                      | Lindab International AB                                      | CUSIP: 000000000<br>LEI: 54930085MH6IRQ1JP227 | Long             | EC               | CORP              | SE        |     55916 | NS      | $1251640.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Aiful Corp                                                   | Aiful Corp                                                   | CUSIP: 000000000<br>LEI: 5299005WK14QZ676ZY35 | Long             | EC               | CORP              | JP        |    265290 | NS      | $735410.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Altus Group Ltd/Canada                                       | Altus Group Ltd/Canada                                       | CUSIP: 02215R107<br>LEI: 54930041VO1EIY4IV355 | Long             | EC               | CORP              | CA        |      4530 | NS      | $179559.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeuchi Manufacturing Co Ltd                                | Takeuchi Manufacturing Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     35972 | NS      | $1164206.94   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsuuroko Group Holdings Co Ltd                             | Mitsuuroko Group Holdings Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    110339 | NS      | $1470472.97   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Edenred SE                                                   | Edenred SE                                                   | CUSIP: 000000000<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     93961 | NS      | $2933404.51   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                                                   | Inmode Ltd                                                   | CUSIP: 000000000<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |      9435 | NS      | $138317.10    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Asseco Poland SA                                             | Asseco Poland SA                                             | CUSIP: 000000000<br>LEI: 259400O79EWIK4XZPL40 | Long             | EC               | CORP              | PL        |     95967 | NS      | $4705382.81   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Daewoo Engineering & Construction Co Ltd                     | Daewoo Engineering & Construction Co Ltd                     | CUSIP: 000000000<br>LEI: 988400P76EU13V47BI82 | Long             | EC               | CORP              | KR        |    834904 | NS      | $2550641.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sands China Ltd                                              | Sands China Ltd                                              | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |    788863 | NS      | $1551258.04   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JET2 PLC                                                     | JET2 PLC                                                     | CUSIP: 000000000<br>LEI: I72RQ3PNLDPW8R7JIJ56 | Long             | EC               | CORP              | GB        |     85602 | NS      | $2147158.13   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashmore Group PLC                                            | Ashmore Group PLC                                            | CUSIP: 000000000<br>LEI: 549300U3L59WB4YI2X12 | Long             | EC               | CORP              | GB        |    464622 | NS      | $968671.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SFL Corp Ltd                                                 | SFL Corp Ltd                                                 | CUSIP: 000000000<br>LEI: 549300RLYYPSB0C7RH77 | Long             | EC               | CORP              | BM        |    115446 | NS      | $990526.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Indivior PLC                                                 | Indivior PLC                                                 | CUSIP: 000000000<br>LEI: 213800V3NCQTY7IED471 | Long             | EC               | CORP              | GB        |     22107 | NS      | $281578.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Emeis SA                                                     | Emeis SA                                                     | CUSIP: 000000000<br>LEI: 969500LHIH3NT7PK1V89 | Long             | EC               | CORP              | FR        |    174563 | NS      | $2019379.82   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Hokkaido Electric Power Co Inc                               | Hokkaido Electric Power Co Inc                               | CUSIP: 000000000<br>LEI: 353800XDXIIZDHUO0J51 | Long             | EC               | CORP              | JP        |    588611 | NS      | $2894614.27   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| San-A Co Ltd                                                 | San-A Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     78486 | NS      | $1615464.29   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Melexis NV                                                   | Melexis NV                                                   | CUSIP: 000000000<br>LEI: 549300QRPSGOJRPUFO80 | Long             | EC               | CORP              | BE        |     13332 | NS      | $894487.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nichicon Corp                                                | Nichicon Corp                                                | CUSIP: 000000000<br>LEI: 353800QK5U8ET4YJHF28 | Long             | EC               | CORP              | JP        |    118609 | NS      | $977345.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurocommercial Properties NV                                 | Eurocommercial Properties NV                                 | CUSIP: 000000000<br>LEI: 724500SFK53FPNM68L95 | Long             | EC               |  | NL        |     30467 | NS      | $947702.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinden Corp                                                  | Kinden Corp                                                  | CUSIP: 000000000<br>LEI: 35380008T6JUN5TU9T34 | Long             | EC               | CORP              | JP        |    168955 | NS      | $4585243.98   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Naturgy Energy Group SA                                      | Naturgy Energy Group SA                                      | CUSIP: 000000000<br>LEI: TL2N6M87CW970S5SV098 | Long             | EC               | CORP              | ES        |    101679 | NS      | $3003517.66   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Invincible Investment Corp                                   | Invincible Investment Corp                                   | CUSIP: 000000000<br>LEI: 353800JY6M2692VAV685 | Long             | EC               |  | JP        |      1675 | NS      | $711580.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Austria AG                                           | Telekom Austria AG                                           | CUSIP: 000000000<br>LEI: 529900KCNFQU5OJH7L33 | Long             | EC               | CORP              | AT        |    175317 | NS      | $1942519.92   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| InPost SA                                                    | InPost SA                                                    | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |     10389 | NS      | $170778.79    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropole Television SA                                      | Metropole Television SA                                      | CUSIP: 000000000<br>LEI: 96950018NOMJX5XRH047 | Long             | EC               | CORP              | FR        |    106674 | NS      | $1501660.98   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                                              | Alamos Gold Inc                                              | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |     94276 | NS      | $2436866.10   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Warehouses De Pauw CVA                                       | Warehouses De Pauw CVA                                       | CUSIP: 000000000<br>LEI: 549300HWDYC5JXC85138 | Long             | EC               |  | BE        |     37472 | NS      | $912910.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Kogyo Corp                                             | Nitto Kogyo Corp                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     48273 | NS      | $1011995.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius Stedim Biotech                                     | Sartorius Stedim Biotech                                     | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |      6468 | NS      | $1424503.02   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Modec Inc                                                    | Modec Inc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32321 | NS      | $1133402.13   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp                                   | First Majestic Silver Corp                                   | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |     37395 | NS      | $230361.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Genus PLC                                                    | Genus PLC                                                    | CUSIP: 000000000<br>LEI: 54930022EOITNKSIGH56 | Long             | EC               | CORP              | GB        |     38597 | NS      | $1048807.48   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mivne Real Estate KD Ltd                                     | Mivne Real Estate KD Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    242635 | NS      | $740491.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotte Corp                                                   | Lotte Corp                                                   | CUSIP: 000000000<br>LEI: 988400HKP8IPW74L3K25 | Long             | EC               | CORP              | KR        |     87958 | NS      | $1899795.90   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TP ICAP Group PLC                                            | TP ICAP Group PLC                                            | CUSIP: 000000000<br>LEI: 2138006YAA7IRVKKGE63 | Long             | EC               | CORP              | JE        |    869749 | NS      | $3078863.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zigup PLC                                                    | Zigup PLC                                                    | CUSIP: 000000000<br>LEI: 213800B3ZUTDOZYVJB41 | Long             | EC               | CORP              | GB        |    518200 | NS      | $2431889.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                                                    | Segro PLC                                                    | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               |  | GB        |    250918 | NS      | $2358477.68   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Card Co Ltd                                          | Samsung Card Co Ltd                                          | CUSIP: 000000000<br>LEI: 988400B548F73NBDMH75 | Long             | EC               | CORP              | KR        |     26710 | NS      | $836320.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MFE-MediaForEurope NV                                        | MFE-MediaForEurope NV                                        | CUSIP: 000000000<br>LEI: 213800DIFN7NR7B97A50 | Long             | EC               | CORP              | NL        |    140390 | NS      | $675443.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Beach Energy Ltd                                             | Beach Energy Ltd                                             | CUSIP: 000000000<br>LEI: 8Q9PJD25OKTQT5FHUF40 | Long             | EC               | CORP              | AU        |   2259990 | NS      | $1956190.05   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeon Corp                                                    | Zeon Corp                                                    | CUSIP: 000000000<br>LEI: 529900UEFURDYZ4F4U10 | Long             | EC               | CORP              | JP        |    293002 | NS      | $2953473.16   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DCM Holdings Co Ltd                                          | DCM Holdings Co Ltd                                          | CUSIP: 000000000<br>LEI: 353800S1QF5V2DN70A36 | Long             | EC               | CORP              | JP        |    278892 | NS      | $2539686.67   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Mining Corp                                             | Aris Mining Corp                                             | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |     43092 | NS      | $281126.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Glass Co Ltd                                         | Central Glass Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     68846 | NS      | $1390804.19   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GRENKE AG                                                    | GRENKE AG                                                    | CUSIP: 000000000<br>LEI: 529900BHRYZ464GFD289 | Long             | EC               | CORP              | DE        |     36277 | NS      | $572450.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| G-Tekt Corp                                                  | G-Tekt Corp                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     83250 | NS      | $999265.39    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Takkt AG                                                     | Takkt AG                                                     | CUSIP: 000000000<br>LEI: 549300AZ0JTVTW3IZY37 | Long             | EC               | CORP              | DE        |     40159 | NS      | $319589.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanon Systems                                                | Hanon Systems                                                | CUSIP: 000000000<br>LEI: 5493004WIDNO4WOEYG91 | Long             | EC               | CORP              | KR        |    384810 | NS      | $842303.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sangetsu Corp                                                | Sangetsu Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     68839 | NS      | $1368240.42   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Pencil Co Ltd                                     | Mitsubishi Pencil Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40844 | NS      | $597820.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Road Co Ltd/The                                       | Nippon Road Co Ltd/The                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     45221 | NS      | $787869.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Temenos AG                                                   | Temenos AG                                                   | CUSIP: 000000000<br>LEI: 5067007NW6550481FH64 | Long             | EC               | CORP              | CH        |     23135 | NS      | $1719179.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirent Communications PLC                                   | Spirent Communications PLC                                   | CUSIP: 000000000<br>LEI: 213800HKCUNWP1916L38 | Long             | EC               | CORP              | GB        |    450553 | NS      | $1145921.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Daio Paper Corp                                              | Daio Paper Corp                                              | CUSIP: 000000000<br>LEI: 353800VL9DQ781ZR1G70 | Long             | EC               | CORP              | JP        |    368020 | NS      | $2121990.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ansell Ltd                                                   | Ansell Ltd                                                   | CUSIP: 000000000<br>LEI: 549300NEGJ5G23VCJM45 | Long             | EC               | CORP              | AU        |    151404 | NS      | $3074106.83   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Computacenter PLC                                            | Computacenter PLC                                            | CUSIP: 000000000<br>LEI: 549300XSXUZ1I19DB105 | Long             | EC               | CORP              | GB        |     75489 | NS      | $2650890.73   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sacyr SA                                                     | Sacyr SA                                                     | CUSIP: 000000000<br>LEI: 959800XKAB9VNAVN9425 | Long             | EC               | CORP              | ES        |    591627 | NS      | $2393741.85   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CI Financial Corp                                            | CI Financial Corp                                            | CUSIP: 125491100<br>LEI: 549300M9W7JJQSVCEM78 | Long             | EC               | CORP              | CA        |    239173 | NS      | $5467258.73   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nittetsu Mining Co Ltd                                       | Nittetsu Mining Co Ltd                                       | CUSIP: 000000000<br>LEI: 213800HBRWZK44PCU381 | Long             | EC               | CORP              | JP        |     23403 | NS      | $1136941.89   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Korean Reinsurance Co                                        | Korean Reinsurance Co                                        | CUSIP: 000000000<br>LEI: 988400GFST66YNV5UF89 | Long             | EC               | CORP              | KR        |    253833 | NS      | $1699947.03   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AcadeMedia AB                                                | AcadeMedia AB                                                | CUSIP: 000000000<br>LEI: 549300H47PGHY4JNKO68 | Long             | EC               | CORP              | SE        |    156597 | NS      | $1317345.49   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectris PLC                                                 | Spectris PLC                                                 | CUSIP: 000000000<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | EC               | CORP              | GB        |    102283 | NS      | $2764192.91   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TietoEVRY Oyj                                                | TietoEVRY Oyj                                                | CUSIP: 000000000<br>LEI: 549300EW2KM4KROKQV31 | Long             | EC               | CORP              | FI        |    173742 | NS      | $3171629.82   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Granges AB                                                   | Granges AB                                                   | CUSIP: 000000000<br>LEI: 5493006UG44TYSIXOB13 | Long             | EC               | CORP              | SE        |    134317 | NS      | $1694878.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicinity Ltd                                                 | Vicinity Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               |  | AU        |   2453576 | NS      | $3884336.68   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent Inc                                               | BayCurrent Inc                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28201 | NS      | $1501564.73   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Clas Ohlson AB                                               | Clas Ohlson AB                                               | CUSIP: 000000000<br>LEI: 549300MH8OETHBBKJU80 | Long             | EC               | CORP              | SE        |     30385 | NS      | $832626.09    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuno Corp                                                  | Mizuno Corp                                                  | CUSIP: 000000000<br>LEI: 353800HVH84K5YH37819 | Long             | EC               | CORP              | JP        |     67439 | NS      | $1289003.51   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Puig Brands SA                                               | Puig Brands SA                                               | CUSIP: 000000000<br>LEI: 549300OVHNSX30L1AQ94 | Long             | EC               | CORP              | ES        |      8616 | NS      | $162467.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandox AB                                                    | Pandox AB                                                    | CUSIP: 000000000<br>LEI: 549300K4HA8EBLSL3B97 | Long             | EC               | CORP              | SE        |     23824 | NS      | $398846.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ackermans & van Haaren NV                                    | Ackermans & van Haaren NV                                    | CUSIP: 000000000<br>LEI: 5493005E2GHATS0Z6J59 | Long             | EC               | CORP              | BE        |     16432 | NS      | $4178593.04   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Forbo Holding AG                                             | Forbo Holding AG                                             | CUSIP: 000000000<br>LEI: 506700HR073894C16243 | Long             | EC               | CORP              | CH        |      1153 | NS      | $1185910.78   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| North West Co Inc/The                                        | North West Co Inc/The                                        | CUSIP: 663278208<br>LEI: 254900VT1HQAZR3IVM76 | Long             | EC               | CORP              | CA        |     60370 | NS      | $2514117.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtrom Group Ltd                                            | Ashtrom Group Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     33757 | NS      | $545710.11    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Industrial Real Estate Investment Trust                | Dream Industrial Real Estate Investment Trust                | CUSIP: 26153W109<br>LEI: 549300QOI0TM3CBYUH79 | Long             | EC               |  | CA        |     78426 | NS      | $637697.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                                 | Alkermes PLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     28452 | NS      | $870915.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Scandinavian Tobacco Group A/S                               | Scandinavian Tobacco Group A/S                               | CUSIP: 000000000<br>LEI: 5299003KG4JS99TRML67 | Long             | EC               | CORP              | DK        |    156712 | NS      | $2027244.99   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Thule Group AB                                               | Thule Group AB                                               | CUSIP: 000000000<br>LEI: 549300XHHOGBOERKU333 | Long             | EC               | CORP              | SE        |     58083 | NS      | $1528730.75   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BH Co Ltd                                                    | BH Co Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     43377 | NS      | $382932.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SD Biosensor Inc                                             | SD Biosensor Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    139111 | NS      | $1175642.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Scatec ASA                                                   | Scatec ASA                                                   | CUSIP: 000000000<br>LEI: 5967007LIEEXZXIARK36 | Long             | EC               | CORP              | NO        |     21262 | NS      | $182088.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaccord Genuity Group Inc                                  | Canaccord Genuity Group Inc                                  | CUSIP: 134801109<br>LEI: 5493002DR5KW4JP7YS87 | Long             | EC               | CORP              | CA        |    136989 | NS      | $926577.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Itoham Yonekyu Holdings Inc                                  | Itoham Yonekyu Holdings Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    133024 | NS      | $4627883.71   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fraport AG Frankfurt Airport Services Worldwide              | Fraport AG Frankfurt Airport Services Worldwide              | CUSIP: 000000000<br>LEI: 5299001ERX0K10IZUL40 | Long             | EC               | CORP              | DE        |     26068 | NS      | $1808175.39   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nufarm Ltd                                                   | Nufarm Ltd                                                   | CUSIP: 000000000<br>LEI: 529900QVU58IVMPRWJ98 | Long             | EC               | CORP              | AU        |    669858 | NS      | $1025987.22   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercialys SA                                                 | Mercialys SA                                                 | CUSIP: 000000000<br>LEI: 969500081CGAXB7YS433 | Long             | EC               |  | FR        |     82404 | NS      | $1034653.79   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VSTECS Holdings Ltd                                          | VSTECS Holdings Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   2253783 | NS      | $1796346.86   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kangwon Land Inc                                             | Kangwon Land Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     79700 | NS      | $984335.73    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Senior PLC                                                   | Senior PLC                                                   | CUSIP: 000000000<br>LEI: 5493002HQHWN5JQHKQ51 | Long             | EC               | CORP              | GB        |    522518 | NS      | $1195072.57   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Air France-KLM                                               | Air France-KLM                                               | CUSIP: 000000000<br>LEI: 969500AQW31GYO8JZD66 | Long             | EC               | CORP              | FR        |    305628 | NS      | $3359308.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Shikoku Electric Power Co Inc                                | Shikoku Electric Power Co Inc                                | CUSIP: 000000000<br>LEI: 353800KWK6U7ZCIWXS64 | Long             | EC               | CORP              | JP        |    397787 | NS      | $3229546.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Corp                                                    | Life Corp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    163766 | NS      | $2301655.97   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurocash SA                                                  | Eurocash SA                                                  | CUSIP: 000000000<br>LEI: 259400FVIQJS5VD8JO79 | Long             | EC               | CORP              | PL        |    302167 | NS      | $732308.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trusco Nakayama Corp                                         | Trusco Nakayama Corp                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     97304 | NS      | $1382398.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyowa Kirin Co Ltd                                           | Kyowa Kirin Co Ltd                                           | CUSIP: 000000000<br>LEI: 529900TBXKVTQGYA3582 | Long             | EC               | CORP              | JP        |    173238 | NS      | $2825570.07   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LPP SA                                                       | LPP SA                                                       | CUSIP: 000000000<br>LEI: 259400NUS7MKGPJL4752 | Long             | EC               | CORP              | PL        |       343 | NS      | $1320869.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro.eu SA                                                | Allegro.eu SA                                                | CUSIP: 000000000<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | LU        |    127457 | NS      | $1172438.98   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Miura Co Ltd                                                 | Miura Co Ltd                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     75919 | NS      | $1600510.05   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugin Financial Group Inc                                   | Chugin Financial Group Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     95651 | NS      | $1159385.97   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LS Electric Co Ltd                                           | LS Electric Co Ltd                                           | CUSIP: 000000000<br>LEI: 988400AF8KS117D7D072 | Long             | EC               | CORP              | KR        |      7155 | NS      | $1309442.27   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd                                            | Elbit Systems Ltd                                            | CUSIP: 000000000<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |      9375 | NS      | $3753569.75   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hino Motors Ltd                                              | Hino Motors Ltd                                              | CUSIP: 000000000<br>LEI: 3538009ZU0PHKNHJM202 | Long             | EC               | CORP              | JP        |    256826 | NS      | $833512.01    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinmaywa Industries Ltd                                     | Shinmaywa Industries Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    132469 | NS      | $1296276.57   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Prime Site AG                                          | Swiss Prime Site AG                                          | CUSIP: 000000000<br>LEI: 506700XI9H64OPR34158 | Long             | EC               | CORP              | CH        |     30005 | NS      | $4269471.73   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Investec PLC                                                 | Investec PLC                                                 | CUSIP: 000000000<br>LEI: 2138007Z3U5GWDN3MY22 | Long             | EC               | CORP              | GB        |    190014 | NS      | $1358090.29   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobe Bussan Co Ltd                                           | Kobe Bussan Co Ltd                                           | CUSIP: 000000000<br>LEI: 353800CJIFNHN2DXRD59 | Long             | EC               | CORP              | JP        |     64059 | NS      | $2019948.37   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Seimitsu Co Ltd                                        | Tokyo Seimitsu Co Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     29416 | NS      | $1640054.89   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ringkjoebing Landbobank A/S                                  | Ringkjoebing Landbobank A/S                                  | CUSIP: 000000000<br>LEI: 2138002M5U5K4OUMVV62 | Long             | EC               | CORP              | DK        |      4903 | NS      | $991680.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Glory Ltd                                                    | Glory Ltd                                                    | CUSIP: 000000000<br>LEI: 3538003FKID28TGG5U64 | Long             | EC               | CORP              | JP        |    116512 | NS      | $2491812.13   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Region RE Ltd                                                | Region RE Ltd                                                | CUSIP: 000000000<br>LEI: 549300MS6NZV0B7K7D28 | Long             | EC               |  | AU        |    595696 | NS      | $908563.47    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cewe Stiftung & Co KGAA                                      | Cewe Stiftung & Co KGAA                                      | CUSIP: 000000000<br>LEI: 529900IDFHN9MQ3WUD64 | Long             | EC               | CORP              | DE        |      7176 | NS      | $813840.97    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Davide Campari-Milano NV                                     | Davide Campari-Milano NV                                     | CUSIP: 000000000<br>LEI: 213800ED5AN2J56N6Z02 | Long             | EC               | CORP              | NL        |    236794 | NS      | $1544104.75   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Relo Group Inc                                               | Relo Group Inc                                               | CUSIP: 000000000<br>LEI: 353800T595XRZDA8IB59 | Long             | EC               | CORP              | JP        |     74651 | NS      | $890617.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dongwon Industries Co Ltd                                    | Dongwon Industries Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7037 | NS      | $237167.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| InterContinental Hotels Group PLC                            | InterContinental Hotels Group PLC                            | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |     31360 | NS      | $3592158.45   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiyo Bank Ltd/The                                            | Kiyo Bank Ltd/The                                            | CUSIP: 000000000<br>LEI: 3538002347FGLMNPVY63 | Long             | EC               | CORP              | JP        |     50812 | NS      | $914154.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Collins Foods Ltd                                            | Collins Foods Ltd                                            | CUSIP: 000000000<br>LEI: 529900SNO1ZIFF0A2094 | Long             | EC               | CORP              | AU        |     90019 | NS      | $450129.47    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Obic Co Ltd                                                  | Obic Co Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     58501 | NS      | $2135380.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gjensidige Forsikring ASA                                    | Gjensidige Forsikring ASA                                    | CUSIP: 000000000<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |    113920 | NS      | $2881129.08   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Holmen AB                                                    | Holmen AB                                                    | CUSIP: 000000000<br>LEI: 52990080SH3454F0QE68 | Long             | EC               | CORP              | SE        |     71528 | NS      | $2949009.42   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Iyogin Holdings Inc                                          | Iyogin Holdings Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    123748 | NS      | $1349869.03   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Ancora                                                   | KBC Ancora                                                   | CUSIP: 000000000<br>LEI: 549300I4XZ0RR3ZOSZ55 | Long             | EC               | CORP              | BE        |     15436 | NS      | $1121518.33   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HD HYUNDAI MIPO                                              | HD HYUNDAI MIPO                                              | CUSIP: 000000000<br>LEI: 988400L1JDH871AJTA03 | Long             | EC               | CORP              | KR        |     11922 | NS      | $1672035.23   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Axfood AB                                                    | Axfood AB                                                    | CUSIP: 000000000<br>LEI: 549300QIXCZWZLHE8L05 | Long             | EC               | CORP              | SE        |     87505 | NS      | $2549091.77   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bossard Holding AG                                           | Bossard Holding AG                                           | CUSIP: 000000000<br>LEI: 5067001959OEPG6X8016 | Long             | EC               | CORP              | CH        |      3279 | NS      | $762326.09    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Keller Group PLC                                             | Keller Group PLC                                             | CUSIP: 000000000<br>LEI: 549300QO4MBL43UHSN10 | Long             | EC               | CORP              | GB        |    117417 | NS      | $2435311.33   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Prime Realty Investment Corp                           | Japan Prime Realty Investment Corp                           | CUSIP: 000000000<br>LEI: 353800NJOQJAY1ODEX72 | Long             | EC               |  | JP        |       475 | NS      | $1183426.31   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Breedon Group PLC                                            | Breedon Group PLC                                            | CUSIP: 000000000<br>LEI: 213800DQGNQE3X76WS92 | Long             | EC               | CORP              | GB        |    293364 | NS      | $1804800.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Schouw & Co A/S                                              | Schouw & Co A/S                                              | CUSIP: 000000000<br>LEI: 213800V2R9WMMZASKK57 | Long             | EC               | CORP              | DK        |     18476 | NS      | $1644935.51   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KCC Corp                                                     | KCC Corp                                                     | CUSIP: 000000000<br>LEI: 988400BF3M5UFPF3PH17 | Long             | EC               | CORP              | KR        |      8145 | NS      | $1815313.11   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NTG Nordic Transport Group A/S                               | NTG Nordic Transport Group A/S                               | CUSIP: 000000000<br>LEI: 529900PZWXV8JX89K947 | Long             | EC               | CORP              | DK        |      4351 | NS      | $135746.30    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Elevator Co Ltd                                      | Hyundai Elevator Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     22074 | NS      | $1214333.99   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Toda Corp                                                    | Toda Corp                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    362631 | NS      | $2249747.19   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sagicor Financial Co Ltd                                     | Sagicor Financial Co Ltd                                     | CUSIP: 000000000<br>LEI: 984500P7FADAA3A50B04 | Long             | EC               | CORP              | BM        |     41048 | NS      | $237340.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Corp Ltd                                             | Venture Corp Ltd                                             | CUSIP: 000000000<br>LEI: 254900B1NLZC3J1MAE72 | Long             | EC               | CORP              | SG        |    105909 | NS      | $909128.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Life Insurance Co Ltd                                | Samsung Life Insurance Co Ltd                                | CUSIP: 000000000<br>LEI: 988400VYE6E0WYSM4S92 | Long             | EC               | CORP              | KR        |     14412 | NS      | $1033084.58   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Interfor Corp                                                | Interfor Corp                                                | CUSIP: 45868C109<br>LEI: 549300P4G5UZ3AMJE056 | Long             | EC               | CORP              | CA        |    196210 | NS      | $1789500.27   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica SpA               | Recordati Industria Chimica e Farmaceutica SpA               | CUSIP: 000000000<br>LEI: 815600FBF92FD3531704 | Long             | EC               | CORP              | IT        |     35098 | NS      | $2103816.83   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Ocean Group Ltd                                       | Golden Ocean Group Ltd                                       | CUSIP: 000000000<br>LEI: 549300HQH91CZG0OJL61 | Long             | EC               | CORP              | BM        |     43748 | NS      | $336859.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Hella GmbH & Co KGaA                                         | Hella GmbH & Co KGaA                                         | CUSIP: 000000000<br>LEI: 529900PLX4ADJFWIY024 | Long             | EC               | CORP              | DE        |      6668 | NS      | $660090.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Asmodee Group AB                                             | Asmodee Group AB                                             | CUSIP: 000000000<br>LEI: 636700G5993BBAFDYD02 | Long             | EC               | CORP              | SE        |     45275 | NS      | $612217.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Yodogawa Steel Works Ltd                                     | Yodogawa Steel Works Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32640 | NS      | $1259952.18   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Contact Energy Ltd                                           | Contact Energy Ltd                                           | CUSIP: 000000000<br>LEI: 549300FT5JOXS1PZ1I32 | Long             | EC               | CORP              | NZ        |    593684 | NS      | $3246843.96   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagegroup PLC                                                | Pagegroup PLC                                                | CUSIP: 000000000<br>LEI: 213800JK5ZEQW4AB8G71 | Long             | EC               | CORP              | GB        |    491679 | NS      | $1794223.85   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Howden Joinery Group PLC                                     | Howden Joinery Group PLC                                     | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |    331323 | NS      | $3844763.54   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Veidekke ASA                                                 | Veidekke ASA                                                 | CUSIP: 000000000<br>LEI: 5967007LIEEXZXHF4O96 | Long             | EC               | CORP              | NO        |    138979 | NS      | $2094788.27   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                                      | Tower Semiconductor Ltd                                      | CUSIP: 000000000<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     66444 | NS      | $2732036.66   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KH Neochem Co Ltd                                            | KH Neochem Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     51692 | NS      | $885923.39    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enea SA                                                      | Enea SA                                                      | CUSIP: 000000000<br>LEI: 2594003JTXPYO8NOG018 | Long             | EC               | CORP              | PL        |    878398 | NS      | $4032436.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Olvi Oyj                                                     | Olvi Oyj                                                     | CUSIP: 000000000<br>LEI: 7437003NX7WWVRT6AJ55 | Long             | EC               | CORP              | FI        |      3854 | NS      | $152477.63    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Raito Kogyo Co Ltd                                           | Raito Kogyo Co Ltd                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     81909 | NS      | $1637669.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsumura & Co                                                 | Tsumura & Co                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     61831 | NS      | $1462484.51   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinch AB                                                     | Sinch AB                                                     | CUSIP: 000000000<br>LEI: 549300UXY7QM6IDCGI12 | Long             | EC               | CORP              | SE        |    569010 | NS      | $1508284.23   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| YAMABIKO Corp                                                | YAMABIKO Corp                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18077 | NS      | $265464.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruzen Showa Unyu Co Ltd                                    | Maruzen Showa Unyu Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     26544 | NS      | $1168123.64   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AddLife AB                                                   | AddLife AB                                                   | CUSIP: 000000000<br>LEI: 5493005T3M7CD7XWE013 | Long             | EC               | CORP              | SE        |     45532 | NS      | $874143.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AAK AB                                                       | AAK AB                                                       | CUSIP: 000000000<br>LEI: 549300GK4LGIDDWJWL07 | Long             | EC               | CORP              | SE        |     88875 | NS      | $2476113.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Peyto Exploration & Development Corp                         | Peyto Exploration & Development Corp                         | CUSIP: 717046106<br>LEI: 98450004AE67F646C503 | Long             | EC               | CORP              | CA        |    128841 | NS      | $1733560.13   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd                                            | Grab Holdings Ltd                                            | CUSIP: 000000000<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | KY        |     44793 | NS      | $218141.91    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NKT A/S                                                      | NKT A/S                                                      | CUSIP: 000000000<br>LEI: 529900197LKWCEQ0NL18 | Long             | EC               | CORP              | DK        |     16517 | NS      | $1412708.44   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Boardwalk Real Estate Investment Trust                       | Boardwalk Real Estate Investment Trust                       | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             | EC               |  | CA        |     10087 | NS      | $514052.21    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ComfortDelGro Corp Ltd                                       | ComfortDelGro Corp Ltd                                       | CUSIP: 000000000<br>LEI: 2549005O5PVA2JCH6Q33 | Long             | EC               | CORP              | SG        |    954087 | NS      | $1050561.06   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iino Kaiun Kaisha Ltd                                        | Iino Kaiun Kaisha Ltd                                        | CUSIP: 000000000<br>LEI: 353800VWL98SRNE0NX81 | Long             | EC               | CORP              | JP        |    114797 | NS      | $786820.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lee & Man Paper Manufacturing Ltd                            | Lee & Man Paper Manufacturing Ltd                            | CUSIP: 000000000<br>LEI: 30030066PNKQVCCC5G24 | Long             | EC               | CORP              | KY        |   4566466 | NS      | $1257859.30   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Financial Group Ltd                                 | Magellan Financial Group Ltd                                 | CUSIP: 000000000<br>LEI: 549300X5WFW6USQQ9U26 | Long             | EC               | CORP              | AU        |    259837 | NS      | $1399615.34   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verallia SA                                                  | Verallia SA                                                  | CUSIP: 000000000<br>LEI: 5299007YZU978DE0ZY32 | Long             | EC               | CORP              | FR        |     74779 | NS      | $2373605.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Konecranes Oyj                                               | Konecranes Oyj                                               | CUSIP: 000000000<br>LEI: 549300EF0CDEQZBMA096 | Long             | EC               | CORP              | FI        |     38979 | NS      | $3044463.44   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ASMPT Ltd                                                    | ASMPT Ltd                                                    | CUSIP: 000000000<br>LEI: 529900PYFA1HFYKPT360 | Long             | EC               | CORP              | KY        |    284759 | NS      | $1921017.03   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Aerospace Industries Ltd                               | Korea Aerospace Industries Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     23056 | NS      | $1397029.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe BIC SA                                               | Societe BIC SA                                               | CUSIP: 000000000<br>LEI: 969500UR00DF63I0VH67 | Long             | EC               | CORP              | FR        |     29245 | NS      | $1806101.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Energy Ltd                                          | Cardinal Energy Ltd                                          | CUSIP: 14150G400<br>LEI: 54930032PTI7XWCLOD92 | Long             | EC               | CORP              | CA        |    125934 | NS      | $563288.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Cyfrowy Polsat SA                                            | Cyfrowy Polsat SA                                            | CUSIP: 000000000<br>LEI: 259400EM1ITR201TTX36 | Long             | EC               | CORP              | PL        |    833483 | NS      | $3717179.93   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharp Corp/Japan                                             | Sharp Corp/Japan                                             | CUSIP: 000000000<br>LEI: 353800YEPK9PD7QO3449 | Long             | EC               | CORP              | JP        |    102732 | NS      | $526920.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiera Capital Corp                                           | Fiera Capital Corp                                           | CUSIP: 31660A103<br>LEI: 549300KJAKQN5OEO4N05 | Long             | EC               | CORP              | CA        |     79694 | NS      | $318787.59    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Banque Cantonale Vaudoise                                    | Banque Cantonale Vaudoise                                    | CUSIP: 000000000<br>LEI: K1MOBB3OPSBBQO554R76 | Long             | EC               | CORP              | CH        |     10768 | NS      | $1247779.93   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wakita & Co Ltd                                              | Wakita & Co Ltd                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     54175 | NS      | $656655.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc                                        | GFL Environmental Inc                                        | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |     63521 | NS      | $3204346.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group Spa                                        | Lottomatica Group Spa                                        | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |     10286 | NS      | $270443.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| a2 Milk Co Ltd/The                                           | a2 Milk Co Ltd/The                                           | CUSIP: 000000000<br>LEI: 529900PVC9CV0KFA2U62 | Long             | EC               | CORP              | NZ        |    394460 | NS      | $2091349.11   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SATS Ltd                                                     | SATS Ltd                                                     | CUSIP: 000000000<br>LEI: 529900SEP1R0K8049D51 | Long             | EC               | CORP              | SG        |    416383 | NS      | $997691.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingboard Laminates Holdings Ltd                             | Kingboard Laminates Holdings Ltd                             | CUSIP: 000000000<br>LEI: 529900B76JV9QCZINB33 | Long             | EC               | CORP              | KY        |   1740060 | NS      | $1946085.43   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                                            | Equinox Gold Corp                                            | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |    190818 | NS      | $1264301.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulvac Inc                                                    | Ulvac Inc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     50243 | NS      | $1753168.89   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutz AG                                                     | Deutz AG                                                     | CUSIP: 000000000<br>LEI: 5299005DETTV58V2PP63 | Long             | EC               | CORP              | DE        |    314075 | NS      | $2636714.94   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Star Entertainment Grp Ltd/The                               | Star Entertainment Grp Ltd/The                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |   7858323 | NS      | $531008.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gravity Co Ltd                                               | Gravity Co Ltd                                               | CUSIP: 38911N206<br>LEI: 529900NZDBA9C6G28L55 | Long             | EC               | CORP              | KR        |      2521 | NS      | $162503.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapfre SA                                                    | Mapfre SA                                                    | CUSIP: 000000000<br>LEI: 95980020140005693107 | Long             | EC               | CORP              | ES        |    940717 | NS      | $3562678.77   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Element Fleet Management Corp                                | Element Fleet Management Corp                                | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |    109998 | NS      | $2616047.57   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd                                           | Qantas Airways Ltd                                           | CUSIP: 000000000<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |    437078 | NS      | $2984396.86   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AG Barr PLC                                                  | AG Barr PLC                                                  | CUSIP: 000000000<br>LEI: 213800QWTXXXF8BNEC87 | Long             | EC               | CORP              | GB        |     80108 | NS      | $749725.93    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Keihan Holdings Co Ltd                                       | Keihan Holdings Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800ADZSZ9AD39RL13 | Long             | EC               | CORP              | JP        |    100486 | NS      | $2188762.59   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Takasago Thermal Engineering Co Ltd                          | Takasago Thermal Engineering Co Ltd                          | CUSIP: 000000000<br>LEI: 353800VL9UEB0RUJLC67 | Long             | EC               | CORP              | JP        |     46913 | NS      | $2162039.23   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Baytex Energy Corp                                           | Baytex Energy Corp                                           | CUSIP: 07317Q105<br>LEI: 549300R5LTV2H7I1I079 | Long             | EC               | CORP              | CA        |    936414 | NS      | $1518748.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Stabilus SE                                                  | Stabilus SE                                                  | CUSIP: 000000000<br>LEI: 529900JOSL94HJN4VZ28 | Long             | EC               | CORP              | DE        |     35792 | NS      | $1038170.07   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                                    | Halma PLC                                                    | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    104585 | NS      | $4098568.38   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Air New Zealand Ltd                                          | Air New Zealand Ltd                                          | CUSIP: 000000000<br>LEI: 2549005EEIR2FNT5R792 | Long             | EC               | CORP              | NZ        |   3392999 | NS      | $1215473.74   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EBOS Group Ltd                                               | EBOS Group Ltd                                               | CUSIP: 000000000<br>LEI: 254900KJ40C7HBYTWC21 | Long             | EC               | CORP              | NZ        |    153304 | NS      | $3391191.37   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ricoh Leasing Co Ltd                                         | Ricoh Leasing Co Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4682 | NS      | $168726.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NOS SGPS SA                                                  | NOS SGPS SA                                                  | CUSIP: 000000000<br>LEI: 5493004DM8FGIY6QKF37 | Long             | EC               | CORP              | PT        |    375810 | NS      | $1642557.92   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennon Group PLC                                             | Pennon Group PLC                                             | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |    439980 | NS      | $3020076.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Duskin Co Ltd                                                | Duskin Co Ltd                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     64355 | NS      | $1671147.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercer International Inc                                     | Mercer International Inc                                     | CUSIP: 588056101<br>LEI: 549300Z5IAG39VRTY874 | Long             | EC               | CORP              | US        |    123314 | NS      | $441464.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Comet Holding AG                                             | Comet Holding AG                                             | CUSIP: 000000000<br>LEI: 506700PGOL747J76WC96 | Long             | EC               | CORP              | CH        |      2154 | NS      | $576287.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kewpie Corp                                                  | Kewpie Corp                                                  | CUSIP: 000000000<br>LEI: 529900LQQ53U4P4VZN24 | Long             | EC               | CORP              | JP        |     45761 | NS      | $1079844.80   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Heiwado Co Ltd                                               | Heiwado Co Ltd                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    126157 | NS      | $2404322.74   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Future PLC                                                   | Future PLC                                                   | CUSIP: 000000000<br>LEI: 213800K2581YRLEXV353 | Long             | EC               | CORP              | GB        |     77009 | NS      | $697875.47    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ISS A/S                                                      | ISS A/S                                                      | CUSIP: 000000000<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |    144619 | NS      | $3884678.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Quadient SA                                                  | Quadient SA                                                  | CUSIP: 000000000<br>LEI: 549300K4W3A5ITOPTK67 | Long             | EC               | CORP              | FR        |     60275 | NS      | $1126311.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Daou Data Corp                                               | Daou Data Corp                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     90004 | NS      | $1110290.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASOS PLC                                                     | ASOS PLC                                                     | CUSIP: 000000000<br>LEI: 213800H8DBB8JSKDW630 | Long             | EC               | CORP              | GB        |    230382 | NS      | $973987.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| PCCW Ltd                                                     | PCCW Ltd                                                     | CUSIP: 000000000<br>LEI: 254900SI7GPUPA1TJX39 | Long             | EC               | CORP              | HK        |   5973289 | NS      | $3976327.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| San-In Godo Bank Ltd/The                                     | San-In Godo Bank Ltd/The                                     | CUSIP: 000000000<br>LEI: 353800I3C5900CEME762 | Long             | EC               | CORP              | JP        |     94884 | NS      | $827222.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cafe de Coral Holdings Ltd                                   | Cafe de Coral Holdings Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    542799 | NS      | $481777.33    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitbread PLC                                                | Whitbread PLC                                                | CUSIP: 000000000<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |     73101 | NS      | $2852916.23   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijer Ref AB                                                | Beijer Ref AB                                                | CUSIP: 000000000<br>LEI: 549300PZZEUVH08H4G75 | Long             | EC               | CORP              | SE        |     77226 | NS      | $1137692.44   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweco AB                                                     | Sweco AB                                                     | CUSIP: 000000000<br>LEI: 549300Q4Y55VICYV6U90 | Long             | EC               | CORP              | SE        |    104044 | NS      | $1803583.15   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Sanso Holdings Corp                                   | Nippon Sanso Holdings Corp                                   | CUSIP: 000000000<br>LEI: 353800F1K6653B4VPY57 | Long             | EC               | CORP              | JP        |     89241 | NS      | $3201160.23   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaken Pharmaceutical Co Ltd                                  | Kaken Pharmaceutical Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     42309 | NS      | $1127106.25   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** SCHWAB STRATEGIC TRUST

**Signature:** Dana Smith

**Name of Signer:** Dana Smith

**Title:** CFO