# EDGAR Filing Document

**Accession Number:** 0000822632
**File Stem:** 0001752724-25-193291
**Filing Date:** 2025-8
**Character Count:** 66610
**Document Hash:** 74dafe6fb84b6953abbfde55ddeb25a2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-193291.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0001752724-25-193291

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250820

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAM BLAIR FUNDS
- **CENTRAL INDEX KEY:** 0000822632

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05344
- **FILM NUMBER:** 251234055

**BUSINESS ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3123648000

**MAIL ADDRESS:**
- **STREET 1:** 150 NORTH RIVERSIDE PLAZA
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WILLIAM BLAIR MUTUAL FUNDS INC
- **DATE OF NAME CHANGE:** 19960112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BLAIR WILLIAM READY RESERVES INC
- **DATE OF NAME CHANGE:** 19920316

## Series and Classes Contracts Data

### William Blair International Growth Fund (Series ID: S000008604)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023544 | Class N      | WBIGX           |
| C000023545 | Class I      | BIGIX           |
| C000211722 | Class R6     | WBIRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** WILLIAM BLAIR FUNDS

- **b. Investment Company Act file number:** 811-05344

- **c. CIK number of Registrant:** 0000822632

- **d. LEI of Registrant:** SNQR0U5FDV8EZZX4W051

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

  - **Street Address 1:** 150 NORTH RIVERSIDE PLAZA

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-364-8000

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

- **a. Name of Series:** William Blair International Growth Fund

- **b. EDGAR series identifier (if any):** S000008604

- **c. LEI of Series:** P3ZQX3NWJ6WGTUNS6P40

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1362033802.54

**Total Liabilities:** $4556597.08

**Net Assets:** $1357477205.46

**Cash Not Reported:** $124039.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023545 | 4.02%                | 5.38%                | 3.07%                |
| Class ID C000023544 | 3.98%                | 5.36%                | 3.05%                |
| Class ID C000211722 | 4.02%                | 5.38%                | 3.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8447237.19              | $36432772.72                               |
| Month 2  | $15628226.47             | $50311490.58                               |
| Month 3  | $9987585.65              | $29536557.75                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hong Kong Exchanges & Clearing Ltd             | Hong Kong Exchanges & Clearing Ltd             | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |    202300 | NS      | $10792838.17  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemetschek SE                                  | Nemetschek SE                                  | CUSIP: 000000000<br>LEI: 529900R0S2IX1S358J38 | Long             | EC               | CORP              | DE        |     29236 | NS      | $4235943.51   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOZO Inc                                       | ZOZO Inc                                       | CUSIP: 000000000<br>LEI: 549300GC7XPQMZA0OW13 | Long             | EC               | CORP              | JP        |    268300 | NS      | $2900893.02   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Weir Group PLC/The                             | Weir Group PLC/The                             | CUSIP: 000000000<br>LEI: 549300KDR56WHY9I3D10 | Long             | EC               | CORP              | GB        |    120647 | NS      | $4123591.04   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Max Healthcare Institute Ltd                   | Max Healthcare Institute Ltd                   | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    248032 | NS      | $3687509.33   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Xiaomi Corp                                    | Xiaomi Corp                                    | CUSIP: 000000000<br>LEI: 2549001ACVFAZRNMKL32 | Long             | EC               | CORP              | KY        |   1478600 | NS      | $11292055.36  | 0.83%             |  |  |  | Yes           |                  1 | On Loan: No      |
| eMemory Technology Inc                         | eMemory Technology Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     30000 | NS      | $2423661.51   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Ltd                                    | Eternal Ltd                                    | CUSIP: 000000000<br>LEI: 335800T4VOF9ETHF8W59 | Long             | EC               | CORP              | IN        |    987804 | NS      | $3040238.64   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd                   | Chugai Pharmaceutical Co Ltd                   | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |    248000 | NS      | $12959272.25  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                     | FIXED INC CLEARING CORP.REPO                   | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  13912554 | PA      | $13912554.30  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rakuten Bank Ltd                               | Rakuten Bank Ltd                               | CUSIP: 000000000<br>LEI: 3538007HFAF2NOCBUE44 | Long             | EC               | CORP              | JP        |     83500 | NS      | $3835648.07   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Parkland Corp                                  | Parkland Corp                                  | CUSIP: 70137W108<br>LEI: 549300UY5C6HUV0XLS53 | Long             | EC               | CORP              | CA        |    113161 | NS      | $3200999.98   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Aristocrat Leisure Ltd                         | Aristocrat Leisure Ltd                         | CUSIP: 000000000<br>LEI: 529900TE2HO3OZKYKC27 | Long             | EC               | CORP              | AU        |    107802 | NS      | $4623805.52   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                | BAE Systems PLC                                | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |    777706 | NS      | $20138725.04  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Toromont Industries Ltd                        | Toromont Industries Ltd                        | CUSIP: 891102105<br>LEI: 5493008W5EPRSLQ0B737 | Long             | EC               | CORP              | CA        |     70774 | NS      | $6360954.55   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                | ASML Holding NV                                | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     13722 | NS      | $10952617.17  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Chocoladefabriken Lindt & Spruengli AG         | Chocoladefabriken Lindt & Spruengli AG         | CUSIP: 000000000<br>LEI: 529900JYJNNOKKAGK736 | Long             | EC               | CORP              | CH        |       269 | NS      | $4525994.08   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG                      | Partners Group Holding AG                      | CUSIP: 000000000<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      4242 | NS      | $5533392.15   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Eicher Motors Ltd                              | Eicher Motors Ltd                              | CUSIP: 000000000<br>LEI: 25490059S64CN2OY7239 | Long             | EC               | CORP              | IN        |     52347 | NS      | $3442596.55   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| InterGlobe Aviation Ltd                        | InterGlobe Aviation Ltd                        | CUSIP: 000000000<br>LEI: 33580079R8SLLO23XD19 | Long             | EC               | CORP              | IN        |     70942 | NS      | $4931858.72   | 0.36%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Unilever PLC                                   | Unilever PLC                                   | CUSIP: 000000000<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |    143021 | NS      | $8687059.55   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Disco Corp                                     | Disco Corp                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14700 | NS      | $4351661.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                         | SAP SE                                         | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     71009 | NS      | $21592981.95  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanwa Holdings Corp                            | Sanwa Holdings Corp                            | CUSIP: 000000000<br>LEI: 5299003X6BCA4ROO5A70 | Long             | EC               | CORP              | JP        |     95200 | NS      | $3165951.18   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Steadfast Group Ltd                            | Steadfast Group Ltd                            | CUSIP: 000000000<br>LEI: 9845003B6BEAA12DBD91 | Long             | EC               | CORP              | AU        |    829990 | NS      | $3283011.10   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd                | Brookfield Asset Management Ltd                | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |    187370 | NS      | $10357813.60  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software Inc/Canada              | Constellation Software Inc/Canada              | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      3046 | NS      | $11168927.63  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AddTech AB                                     | AddTech AB                                     | CUSIP: 000000000<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |     73375 | NS      | $2497304.70   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                         | Arch Capital Group Ltd                         | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     94345 | NS      | $8590112.25   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                      | Airbus SE                                      | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |     45243 | NS      | $9446898.20   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ABC-Mart Inc                                   | ABC-Mart Inc                                   | CUSIP: 000000000<br>LEI: 353800AXWW4CMTSJWL33 | Long             | EC               | CORP              | JP        |    103700 | NS      | $2132977.33   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| VAT Group AG                                   | VAT Group AG                                   | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |     13014 | NS      | $5489679.00   | 0.40%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Daifuku Co Ltd                                 | Daifuku Co Ltd                                 | CUSIP: 000000000<br>LEI: 3538006FG1W4X3MYHL36 | Long             | EC               | CORP              | JP        |    199000 | NS      | $5143418.63   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Siegfried Holding AG                           | Siegfried Holding AG                           | CUSIP: 000000000<br>LEI: 506700J9QD6IF3937W06 | Long             | EC               | CORP              | CH        |     27782 | NS      | $3126766.15   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                      | Chubb Ltd                                      | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     31940 | NS      | $9253656.80   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                | Apollo Hospitals Enterprise Ltd                | CUSIP: 000000000<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |     24806 | NS      | $2093584.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd                                        | Sea Ltd                                        | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |    106985 | NS      | $17111180.90  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                          | Spotify Technology SA                          | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |     18966 | NS      | $14553370.44  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                         | DBS Group Holdings Ltd                         | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |    190510 | NS      | $6728906.10   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Macrotech Developers Ltd                       | Macrotech Developers Ltd                       | CUSIP: 000000000<br>LEI: 254900B5QCN52ETNU557 | Long             | EC               | CORP              | IN        |    195251 | NS      | $3153249.01   | 0.23%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sportradar Group AG                            | Sportradar Group AG                            | CUSIP: 000000000<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |     90443 | NS      | $2539639.44   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Xero Ltd                                       | Xero Ltd                                       | CUSIP: 000000000<br>LEI: 254900UG5D8YST164N14 | Long             | EC               | CORP              | NZ        |     43607 | NS      | $5160252.07   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Intermediate Capital Group PLC                 | Intermediate Capital Group PLC                 | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    194316 | NS      | $5142511.89   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM International NV                           | ASM International NV                           | CUSIP: 000000000<br>LEI: 7245001I22ND6ZFHX623 | Long             | EC               | CORP              | NL        |     16519 | NS      | $10573785.18  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifco AB                                       | Lifco AB                                       | CUSIP: 000000000<br>LEI: 549300RTLL4VDQRCTW41 | Long             | EC               | CORP              | SE        |     81936 | NS      | $3315234.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                                      | Thales SA                                      | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |     59292 | NS      | $17432825.24  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electron Ltd                             | Tokyo Electron Ltd                             | CUSIP: 000000000<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |     61200 | NS      | $11763591.54  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnoPro Holdings Inc                         | TechnoPro Holdings Inc                         | CUSIP: 000000000<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |    136000 | NS      | $3973139.82   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Metso Oyj                                      | Metso Oyj                                      | CUSIP: 000000000<br>LEI: 549300R0VN9C371W0E07 | Long             | EC               | CORP              | FI        |    371730 | NS      | $4807917.95   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sampo Oyj                                      | Sampo Oyj                                      | CUSIP: 000000000<br>LEI: 743700UF3RL386WIDA22 | Long             | EC               | CORP              | FI        |    895578 | NS      | $9631663.24   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology One Ltd                             | Technology One Ltd                             | CUSIP: 000000000<br>LEI: 875500YEWBJIM91P9N12 | Long             | EC               | CORP              | AU        |    172146 | NS      | $4646347.90   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                   | 3i Group PLC                                   | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |    431389 | NS      | $24396414.09  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollarama Inc                                  | Dollarama Inc                                  | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     99409 | NS      | $14006686.12  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                               | TotalEnergies SE                               | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    145474 | NS      | $8927918.14   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                   | MediaTek Inc                                   | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    151000 | NS      | $6461385.73   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RELX PLC                                       | RELX PLC                                       | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |    182110 | NS      | $9841446.20   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                                     | Scout24 SE                                     | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     40526 | NS      | $5590076.24   | 0.41%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Enel SpA                                       | Enel SpA                                       | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    717033 | NS      | $6804335.15   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA                  | Industria de Diseno Textil SA                  | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     65841 | NS      | $3426488.08   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                  | HDFC Bank Ltd                                  | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    664583 | NS      | $15498670.71  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                                 | Rheinmetall AG                                 | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |      4981 | NS      | $10543667.81  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV | Grupo Aeroportuario del Centro Norte SAB de CV | CUSIP: 000000000<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |    163500 | NS      | $2150433.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                       | Adyen NV                                       | CUSIP: 000000000<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      1677 | NS      | $3078499.57   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax Group PLC                               | Spirax Group PLC                               | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     32022 | NS      | $2617519.54   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rotork PLC                                     | Rotork PLC                                     | CUSIP: 000000000<br>LEI: 213800AH5RZIHGWRJ718 | Long             | EC               | CORP              | GB        |    790431 | NS      | $3484971.37   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharat Electronics Ltd                         | Bharat Electronics Ltd                         | CUSIP: 000000000<br>LEI: 335800HS8AOTM9W1F335 | Long             | EC               | CORP              | IN        |    954012 | NS      | $4703314.76   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Asset Management Co Ltd                   | HDFC Asset Management Co Ltd                   | CUSIP: 000000000<br>LEI: 3358002FLK8AK8WSEP31 | Long             | EC               | CORP              | IN        |     36345 | NS      | $2201211.87   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimamura Co Ltd                               | Shimamura Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     26800 | NS      | $1883379.05   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                       | Bank Central Asia Tbk PT                       | CUSIP: 000000000<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  20806600 | NS      | $11117785.96  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Age Management Services Ltd           | Computer Age Management Services Ltd           | CUSIP: 000000000<br>LEI: 33580012MDHMBHWN5Z06 | Long             | EC               | CORP              | IN        |     42473 | NS      | $2127612.03   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                            | MTU Aero Engines AG                            | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |     28909 | NS      | $12844933.16  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                      | Linde PLC                                      | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     21471 | NS      | $10073763.78  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Symrise AG                                     | Symrise AG                                     | CUSIP: 000000000<br>LEI: 529900D82I6R9601CF26 | Long             | EC               | CORP              | DE        |     41517 | NS      | $4359389.66   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Group PLC                              | Compass Group PLC                              | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |    323683 | NS      | $10960964.05  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hindustan Aeronautics Ltd                      | Hindustan Aeronautics Ltd                      | CUSIP: 000000000<br>LEI: 335800AKDC7T933T3I86 | Long             | EC               | CORP              | IN        |     78828 | NS      | $4483618.25   | 0.33%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Azimut Holding SpA                             | Azimut Holding SpA                             | CUSIP: 000000000<br>LEI: 81560025690EF8540635 | Long             | EC               | CORP              | IT        |    107938 | NS      | $3455818.42   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC                                    | Beazley PLC                                    | CUSIP: 000000000<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    516707 | NS      | $6631559.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                           | Royal Bank of Canada                           | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |     81417 | NS      | $10730243.43  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV                     | Arca Continental SAB de CV                     | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    179700 | NS      | $1903826.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuyao Glass Industry Group Co Ltd              | Fuyao Glass Industry Group Co Ltd              | CUSIP: 000000000<br>LEI: 549300AS5CSLWETN0P64 | Long             | EC               | CORP              | CN        |    430310 | NS      | $3427090.85   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC                             | Kingspan Group PLC                             | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |    113832 | NS      | $9681188.13   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                                   | Keyence Corp                                   | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |     24200 | NS      | $9719995.83   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                              | Wolters Kluwer NV                              | CUSIP: 000000000<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     38800 | NS      | $6487751.67   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BE Semiconductor Industries NV                 | BE Semiconductor Industries NV                 | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     24378 | NS      | $3648378.08   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Internet Initiative Japan Inc                  | Internet Initiative Japan Inc                  | CUSIP: 000000000<br>LEI: 529900EOCJNAPUHDFR78 | Long             | EC               | CORP              | JP        |    117500 | NS      | $2319728.48   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan Pacific International Holdings Corp        | Pan Pacific International Holdings Corp        | CUSIP: 000000000<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |    340500 | NS      | $11725561.61  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Eventim AG & Co KGaA                       | CTS Eventim AG & Co KGaA                       | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     69720 | NS      | $8656156.21   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group PLC                | London Stock Exchange Group PLC                | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |    112740 | NS      | $16457931.03  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RENK Group AG                                  | RENK Group AG                                  | CUSIP: 000000000<br>LEI: 894500H8CNSZ53EI6K63 | Long             | EC               | CORP              | DE        |     45038 | NS      | $3600145.45   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd                       | ANTA Sports Products Ltd                       | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |    605000 | NS      | $7283167.41   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Research Institute Ltd                  | Nomura Research Institute Ltd                  | CUSIP: 000000000<br>LEI: 5299005F1HCVF4M4QN79 | Long             | EC               | CORP              | JP        |    101000 | NS      | $4055991.11   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Indutrade AB                                   | Indutrade AB                                   | CUSIP: 000000000<br>LEI: 549300FISLQ6CEFP1867 | Long             | EC               | CORP              | SE        |     96778 | NS      | $2641194.77   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hill & Smith PLC                               | Hill & Smith PLC                               | CUSIP: 000000000<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |     63149 | NS      | $1553331.67   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                                        | DSV A/S                                        | CUSIP: 000000000<br>LEI: 529900X41C0BSLK67H70 | Long             | EC               | CORP              | DK        |     51917 | NS      | $12475654.08  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannover Rueck SE                              | Hannover Rueck SE                              | CUSIP: 000000000<br>LEI: 529900KIN5BE45V5KB18 | Long             | EC               | CORP              | DE        |     31890 | NS      | $10037326.90  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA                            | Intesa Sanpaolo SpA                            | CUSIP: 000000000<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |   1925773 | NS      | $11096199.26  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurita Water Industries Ltd                    | Kurita Water Industries Ltd                    | CUSIP: 000000000<br>LEI: 52990086GS2ON69UMX34 | Long             | EC               | CORP              | JP        |     57400 | NS      | $2271207.25   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                 | Atlas Copco AB                                 | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |    582926 | NS      | $9417733.95   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group PLC                              | QinetiQ Group PLC                              | CUSIP: 000000000<br>LEI: 213800S8OBDOZMCMUW34 | Long             | EC               | CORP              | GB        |    198105 | NS      | $1401792.79   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bharti Airtel Ltd                              | Bharti Airtel Ltd                              | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    449570 | NS      | $10529982.03  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmet Oyj                                     | Valmet Oyj                                     | CUSIP: 000000000<br>LEI: 213800D9O7FUQDH83V62 | Long             | EC               | CORP              | FI        |     60144 | NS      | $1861141.86   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sika AG                                        | Sika AG                                        | CUSIP: 000000000<br>LEI: 549300R3N69ECGYPU434 | Long             | EC               | CORP              | CH        |     36809 | NS      | $9992637.97   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Elevator Service Holdings Co Ltd         | Japan Elevator Service Holdings Co Ltd         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    109300 | NS      | $3153650.91   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis Novozymes B                          | Novonesis Novozymes B                          | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |     90529 | NS      | $6490502.29   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                        | Mahindra & Mahindra Ltd                        | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |    173298 | NS      | $6423503.76   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Swissquote Group Holding SA                    | Swissquote Group Holding SA                    | CUSIP: 000000000<br>LEI: 549300O3WME82RDPEN66 | Long             | EC               | CORP              | CH        |      6953 | NS      | $3938090.87   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldar Properties PJSC                          | Aldar Properties PJSC                          | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    854092 | NS      | $2074416.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd               | Canadian Pacific Kansas City Ltd               | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     87641 | NS      | $6947302.07   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Group Services Inc                        | Boyd Group Services Inc                        | CUSIP: 103310108<br>LEI: 549300FVHMLW88VSTP09 | Long             | EC               | CORP              | CA        |     10533 | NS      | $1654495.10   | 0.12%             |  |  |  | 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        |    113382 | NS      | $2491486.78   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| IMCD NV                                        | IMCD NV                                        | CUSIP: 000000000<br>LEI: 724500NSJPNFJPDAUP02 | Long             | EC               | CORP              | NL        |     35148 | NS      | $4721967.60   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto1 Group SE                                 | Auto1 Group SE                                 | CUSIP: 000000000<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |     74735 | NS      | $2408614.12   | 0.18%             |  |  |  | Yes           |                  1 | On Loan: No      |
| WEG SA                                         | WEG SA                                         | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |    493000 | NS      | $3881861.18   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                                 | Lonza Group AG                                 | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |     25225 | NS      | $17962221.94  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                     | Ferrari NV                                     | CUSIP: 000000000<br>LEI: 549300RIVY5EX8RCON76 | Long             | EC               | CORP              | NL        |     21563 | NS      | $10581826.62  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankinter SA                                   | Bankinter SA                                   | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    512059 | NS      | $6683236.96   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipsen SA                                       | Ipsen SA                                       | CUSIP: 000000000<br>LEI: 549300M6SGDPB4Z94P11 | Long             | EC               | CORP              | FR        |     20048 | NS      | $2387532.57   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc            | Sumitomo Mitsui Financial Group Inc            | CUSIP: 000000000<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |    426700 | NS      | $10767874.73  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE Insurance Group Ltd                        | QBE Insurance Group Ltd                        | CUSIP: 000000000<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |    301202 | NS      | $4636743.72   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc                          | Delta Electronics Inc                          | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    307000 | NS      | $4340373.82   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandoz Group AG                                | Sandoz Group AG                                | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |    194355 | NS      | $10635697.40  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                  | UniCredit SpA                                  | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    262690 | NS      | $17609994.56  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitec Bank Holdings Ltd                      | Capitec Bank Holdings Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     17297 | NS      | $3469375.42   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                                      | Hoya Corp                                      | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |     63500 | NS      | $7564615.81   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                          | Waste Connections Inc                          | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     48649 | NS      | $9083741.28   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| WSP Global Inc                                 | WSP Global Inc                                 | CUSIP: 92938W202<br>LEI: 549300IQ87LU6X6ERQ78 | Long             | EC               | CORP              | CA        |     52321 | NS      | $10672446.61  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| UCB SA                                         | UCB SA                                         | CUSIP: 000000000<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |     40790 | NS      | $8021714.93   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                                   | Experian PLC                                   | CUSIP: 000000000<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |    209292 | NS      | $10778918.08  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Diploma PLC                                    | Diploma PLC                                    | CUSIP: 000000000<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |    146138 | NS      | $9805146.12   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| D'ieteren Group                                | D'ieteren Group                                | CUSIP: 000000000<br>LEI: 549300DV5KJ23OKVTW34 | Long             | EC               | CORP              | BE        |     14569 | NS      | $3130269.09   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Softcat PLC                                    | Softcat PLC                                    | CUSIP: 000000000<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |    110531 | NS      | $2605038.27   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                                | MonotaRO Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    283800 | NS      | $5606826.15   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG                        | Heidelberg Materials AG                        | CUSIP: 000000000<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |     42113 | NS      | $9894123.26   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                                    | Euronext NV                                    | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     40368 | NS      | $6899724.36   | 0.51%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Intact Financial Corp                          | Intact Financial Corp                          | CUSIP: 45823T106<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | EC               | CORP              | CA        |     44715 | NS      | $10397653.57  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA                       | Hermes International SCA                       | CUSIP: 000000000<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |      5749 | NS      | $15568916.00  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB Group PLC                                  | AIB Group PLC                                  | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |    763445 | NS      | $6281614.23   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV      | Grupo Aeroportuario del Sureste SAB de CV      | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      8446 | NS      | $2693176.02   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemnet Group AB                                | Hemnet Group AB                                | CUSIP: 000000000<br>LEI: 5493008VIU67J3HUAR07 | Long             | EC               | CORP              | SE        |    108764 | NS      | $3179837.27   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                       | Vinci SA                                       | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     94742 | NS      | $13961335.18  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                   | Barclays PLC                                   | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |    520359 | NS      | $2409234.79   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Galenica AG                                    | Galenica AG                                    | CUSIP: 000000000<br>LEI: 506700W4772BD8016Z20 | Long             | EC               | CORP              | CH        |     36696 | NS      | $4016696.20   | 0.30%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                      | Alibaba Group Holding Ltd                      | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |   1260900 | NS      | $17636649.91  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                                   | SK Hynix Inc                                   | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     79331 | NS      | $17164087.14  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Asics Corp                                     | Asics Corp                                     | CUSIP: 000000000<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |    293900 | NS      | $7510517.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                 | NU Holdings Ltd/Cayman Islands                 | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    178750 | NS      | $2452450.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                                     | Haleon PLC                                     | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |   1875200 | NS      | $9637028.60   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| VusionGroup                                    | VusionGroup                                    | CUSIP: 000000000<br>LEI: 969500U51BYOMEW9M549 | Long             | EC               | CORP              | FR        |     13471 | NS      | $4351053.09   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| flatexDEGIRO AG                                | flatexDEGIRO AG                                | CUSIP: 000000000<br>LEI: 529900IRBZTADXJB6757 | Long             | EC               | CORP              | DE        |     79964 | NS      | $2258763.62   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantech Co Ltd                               | Advantech Co Ltd                               | CUSIP: 000000000<br>LEI: 2549002OSTKE9HB9IY03 | Long             | EC               | CORP              | TW        |    235000 | NS      | $2735177.32   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA                         | Brunello Cucinelli SpA                         | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |     43880 | NS      | $5334250.56   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd                                | Pro Medicus Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     38604 | NS      | $7243093.25   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                         | Cie de Saint-Gobain SA                         | CUSIP: 000000000<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     85984 | NS      | $10092028.29  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Clicks Group Ltd                               | Clicks Group Ltd                               | CUSIP: 000000000<br>LEI: 378900E967958A677472 | Long             | EC               | CORP              | ZA        |    101555 | NS      | $2128187.81   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Hotels Co Ltd/The                       | Indian Hotels Co Ltd/The                       | CUSIP: 000000000<br>LEI: 33580076CH5SBY5HWA22 | Long             | EC               | CORP              | IN        |    426510 | NS      | $3779457.49   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                            | Erste Group Bank AG                            | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |     90878 | NS      | $7739700.47   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MatsukiyoCocokara & Co                         | MatsukiyoCocokara & Co                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    189900 | NS      | $3913254.75   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                                     | Embraer SA                                     | CUSIP: 000000000<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |    234700 | NS      | $3326691.39   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                  | Credicorp Ltd                                  | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     15174 | NS      | $3391692.48   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd      | Taiwan Semiconductor Manufacturing Co Ltd      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    204842 | NS      | $46394664.58  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                               | MercadoLibre Inc                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      4026 | NS      | $10522474.38  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                 | ICICI Bank Ltd                                 | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    908374 | NS      | $15347876.94  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtac International Group                     | Airtac International Group                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     79713 | NS      | $2376763.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                  | AIA Group Ltd                                  | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |   1031200 | NS      | $9248018.14   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                           | Tencent Holdings Ltd                           | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    482400 | NS      | $30910668.22  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent Inc                                 | BayCurrent Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     66000 | NS      | $3400715.25   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bid Corp Ltd                                   | Bid Corp Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |    199546 | NS      | $5268589.24   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC             | Coca-Cola Europacific Partners PLC             | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     72779 | NS      | $6748068.88   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                      | Safran SA                                      | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |     44490 | NS      | $14459098.02  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LPP SA                                         | LPP SA                                         | CUSIP: 000000000<br>LEI: 259400NUS7MKGPJL4752 | Long             | EC               | CORP              | PL        |       389 | NS      | $1583261.89   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                      | Flutter Entertainment PLC                      | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |     35562 | NS      | $10162197.12  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc                      | Tokio Marine Holdings Inc                      | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |    235800 | NS      | $10006415.06  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Gjensidige Forsikring ASA                      | Gjensidige Forsikring ASA                      | CUSIP: 000000000<br>LEI: 5967007LIEEXZX6FAO47 | Long             | EC               | CORP              | NO        |     80858 | NS      | $2048845.49   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                          | Schneider Electric SE                          | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     42921 | NS      | $11416181.51  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                       | Infineon Technologies AG                       | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |    190299 | NS      | $8095640.63   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltronic Power Technology Corp                | Voltronic Power Technology Corp                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     42000 | NS      | $1811584.28   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group Spa                          | Lottomatica Group Spa                          | CUSIP: 000000000<br>LEI: 549300R72LKEGT4EX026 | Long             | EC               | CORP              | IT        |    125878 | NS      | $3493431.37   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                     | BYD Co Ltd                                     | CUSIP: 000000000<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    462000 | NS      | $7209600.06   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Halma PLC                                      | Halma PLC                                      | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    285149 | NS      | $12525109.88  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                                 | MakeMyTrip Ltd                                 | CUSIP: 000000000<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | MU        |     17519 | NS      | $1717212.38   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA             | Banco Bilbao Vizcaya Argentaria SA             | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |    704902 | NS      | $10840085.67  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijer Ref AB                                  | Beijer Ref AB                                  | CUSIP: 000000000<br>LEI: 549300PZZEUVH08H4G75 | Long             | EC               | CORP              | SE        |    444668 | NS      | $7019539.98   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweco AB                                       | Sweco AB                                       | CUSIP: 000000000<br>LEI: 549300Q4Y55VICYV6U90 | Long             | EC               | CORP              | SE        |     99898 | NS      | $1731682.19   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** WILLIAM BLAIR FUNDS

**Signature:** John Raczek

**Name of Signer:** John Raczek

**Title:** Principal Financial Officer