# EDGAR Filing Document

**Accession Number:** 0001771146
**File Stem:** 0001193125-26-250551
**Filing Date:** 2026-6
**Character Count:** 104355
**Document Hash:** 7fefde556eb1b814fc4cdacebe7f0f79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-250551.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001193125-26-250551

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Opportunities Trust
- **CENTRAL INDEX KEY:** 0001771146

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23439
- **FILM NUMBER:** 261048705

**BUSINESS ADDRESS:**
- **STREET 1:** 8370 STONY POINT PARKWAY, SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235
- **BUSINESS PHONE:** 804-267-7400

**MAIL ADDRESS:**
- **STREET 1:** 8370 STONY POINT PARKWAY, SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235

## Series and Classes Contracts Data

### Applied Finance IVS International SMID ETF (Series ID: S000097229)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000266407 | Applied Finance IVS International SMID ETF | IVSX            |

## Nport-Ex

**1**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **98.82%** | **COMMON STOCKS** |  |  |
| **6.42%** | **AUSTRALIA** |  |  |
|  | Aurizon Holdings Ltd.  | 5616 | $15383 <br>|
|  | Breville Group Ltd.  | 288 | 5234 |
|  | Codan Ltd.  | 256 | 5521 |
|  | Emerald Resources NL<sup>(A)</sup>  | 2800 | 10374 |
|  | Flight Centre Travel Group Ltd.  | 944 | 6943 |
|  | Helia Group Ltd.  | 2016 | 7316 |
|  | IGO Ltd.<sup>(A)</sup>  | 1552 | 8406 |
|  | Inghams Group Ltd.  | 2848 | 3891 |
|  | Metcash Ltd.  | 2096 | 4281 |
|  | Neuren Pharmaceuticals Ltd.<sup>(A)</sup>  | 528 | 4302 |
|  | New Hope Corp. Ltd.  | 1840 | 7452 |
|  | Perenti Ltd.  | 6816 | 9170 |
|  | Perseus Mining Ltd.  | 6928 | 24617 |
|  | Ramelius Resources Ltd.  | 4336 | 10979 |
|  | Regis Healthcare Ltd.  | 2368 | 10064 |
|  | Regis Resources Ltd.  | 4672 | 21436 |
|  | Resolute Mining Ltd.<sup>(A)</sup>  | 7408 | 7130 |
|  | Sandfire Resources Ltd.<sup>(A)</sup>  | 1632 | 18050 |
|  | Super Retail Group Ltd.  | 576 | 5095 |
|  | Tabcorp Holdings Ltd.  | 7920 | 5137 |
|  | Technology One Ltd.  | 320 | 5926 |
|  | Ventia Services Group Pty Ltd.  | 3040 | 10970 |
|  | Yancoal Australia Ltd.  | 4720 | 26997 |
|  |  |  | 234674 |
| **0.85%** | **AUSTRIA** |  |  |
|  | ANDRITZ AG  | 208 | 14305 |
|  | voestalpine AG  | 384 | 16786 |
|  |  |  | 31091 |
| **1.99%** | **BELGIUM** |  |  |
|  | Azelis Group NV  | 1008 | 10113 |
|  | Bekaert SA  | 320 | 14795 |
|  | CMB Tech NV  | 1088 | 13758 |

---

**2**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
|  | Deme Group NV  | 96 | $20461 <br>|
|  | Fagron  | 384 | 9587 |
|  | Tessenderlo Group SA<sup>(A)</sup>  | 176 | 3983 |
|  |  |  | 72697 |
| **1.69%** | **DENMARK** |  |  |
|  | GN Store Nord A/S<sup>(A)</sup>  | 768 | 11980 |
|  | ISS A/S  | 752 | 27288 |
|  | NTG Nordic Transport Group A/S<sup>(A)</sup>  | 224 | 5557 |
|  | Scandinavian Tobacco Group A/S 144A  | 304 | 3202 |
|  | TORM plc  | 480 | 13635 |
|  |  |  | 61662 |
| **1.68%** | **FINLAND** |  |  |
|  | Konecranes oyj  | 1392 | 44954 |
|  | Puuilo oyj  | 448 | 6519 |
|  | Tieto oyj  | 272 | 5879 |
|  | Tokmanni Group Corp.  | 496 | 4102 |
|  |  |  | 61454 |
| **5.78%** | **FRANCE** |  |  |
|  | Alten SA  | 80 | 4845 |
|  | Eramet SA<sup>(A)</sup>  | 96 | 5604 |
|  | Etablissements Maurel et Prom SA<sup>(A)</sup>  | 896 | 11185 |
|  | ID Logistics Group SACA<sup>(A)</sup>  | 32 | 11780 |
|  | IPSOS SA  | 240 | 9332 |
|  | Pluxee NV  | 3024 | 36736 |
|  | SCOR SE  | 848 | 29954 |
|  | Societe BIC SA  | 96 | 5959 |
|  | Sopra Steria Group  | 128 | 17710 |
|  | Technip Energies NV  | 1008 | 42619 |
|  | Television Francaise 1 SA  | 992 | 7952 |
|  | Trigano SA  | 112 | 18189 |
|  | Ubisoft Entertainment SA<sup>(A)</sup>  | 960 | 4255 |
|  | Wavestone  | 96 | 5093 |
|  |  |  | 211213 |

---

**3**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **5.62%** | **GERMANY** |  |  |
|  | Bechtle AG  | 352 | $11864 <br>|
|  | Dermapharm Holding SE  | 128 | 6258 |
|  | Douglas AG<sup>(A)</sup>  | 576 | 6644 |
|  | Duerr AG  | 336 | 7286 |
|  | Elmos Semiconductor SE  | 48 | 7978 |
|  | flatexDEGIRO SE  | 176 | 5981 |
|  | Freenet AG  | 976 | 29805 |
|  | IONOS Group SE<sup>(A)</sup>  | 880 | 25276 |
|  | JOST Werke SE  | 80 | 4614 |
|  | KION Group AG  | 448 | 23022 |
|  | Krones AG  | 128 | 17044 |
|  | ProSiebenSat.1 Media SE  | 1248 | 5614 |
|  | Puma SE<sup>(A)</sup>  | 416 | 10439 |
|  | TeamViewer SE<sup>(A)</sup>  | 1760 | 8857 |
|  | TUI AG  | 4544 | 34728 |
|  |  |  | 205410 |
| **0.45%** | **IRELAND** |  |  |
|  | Glanbia plc  | 608 | 11912 |
|  | Uniphar plc  | 1024 | 4498 |
|  |  |  | 16410 |
| **6.94%** | **ITALY** |  |  |
|  | Amplifon S.p.A.  | 704 | 7647 |
|  | Azimut Holding S.p.A  | 432 | 16153 |
|  | Banca Monte dei Paschi di Siena S.p.A.  | 4144 | 35574 |
|  | Buzzi S.p.A.  | 272 | 13544 |
|  | Hera S.p.A.  | 2288 | 10504 |
|  | Interpump Group S.p.A.  | 128 | 4794 |
|  | Italgas S.p.A.  | 6992 | 81060 |
|  | Lottomatica Group S.p.A.  | 1840 | 52659 |
|  | Pirelli & C S.p.A. 144A<sup>(A)</sup>  | 2656 | 18125 |
|  | Reply S.p.A.  | 144 | 13440 |
|  |  |  | 253500 |

---

**4**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **31.99%** | **JAPAN** |  |  |
|  | Alps Alpine Co Ltd.<sup>(A)</sup>  | 464 | $6087 <br>|
|  | Amano Corp.<sup>(A)</sup>  | 192 | 4571 |
|  | Brother Industries Ltd.<sup>(A)</sup>  | 1104 | 19978 |
|  | Daicel Corp.<sup>(A)</sup>  | 1792 | 13838 |
|  | Daido Steel Co. Ltd.<sup>(A)</sup>  | 720 | 8223 |
|  | Daiwabo Holdings Co. Ltd.<sup>(A)</sup>  | 240 | 4635 |
|  | Dexerials Corp.<sup>(A)</sup>  | 672 | 8953 |
|  | dip Corp.<sup>(A)</sup>  | 368 | 4821 |
|  | DMG Mori Co. Ltd.<sup>(A)</sup>  | 496 | 7394 |
|  | Dowa Holdings Co. Ltd.<sup>(A)</sup>  | 272 | 14971 |
|  | Fukuda Denshi Co. Ltd.<sup>(A)</sup>  | 144 | 8774 |
|  | Fukuoka Financial Group, Inc.<sup>(A)</sup>  | 336 | 12476 |
|  | Goldwin, Inc.<sup>(A)</sup>  | 496 | 6913 |
|  | Hazama Ando Corp.<sup>(A)</sup>  | 416 | 5117 |
|  | Hirose Electric Co. Ltd.<sup>(A)</sup>  | 48 | 6100 |
|  | Hitachi Construction Machinery Co. Ltd.<sup>(A)</sup>  | 992 | 32947 |
|  | Hokuetsu Corp.<sup>(A)</sup>  | 784 | 4515 |
|  | Horiba Ltd.<sup>(A)</sup>  | 128 | 14409 |
|  | Internet Initiative Japan, Inc.<sup>(A)</sup>  | 704 | 10857 |
|  | Iwatani Corp.<sup>(A)</sup>  | 896 | 11320 |
|  | Japan Aviation Electronics Industry Ltd.<sup>(A)</sup>  | 288 | 4074 |
|  | Japan Petroleum Exploration Co.<sup>(A)</sup>  | 848 | 13935 |
|  | Jeol Ltd.<sup>(A)</sup>  | 240 | 8648 |
|  | JVCKenwood Corp.<sup>(A)</sup>  | 832 | 5722 |
|  | Kanematsu Corp.<sup>(A)</sup>  | 832 | 11562 |
|  | Keio Corp.<sup>(A)</sup>  | 1840 | 8942 |
|  | Keisei Electric Railway Co. Ltd.<sup>(A)</sup>  | 1536 | 11372 |
|  | Kintetsu Group Holdings Co. Ltd.<sup>(A)</sup>  | 496 | 10063 |
|  | Kobayashi Pharmaceutical Co. Ltd.<sup>(A)</sup>  | 256 | 9506 |
|  | Kobe Steel Ltd.<sup>(A)</sup>  | 1280 | 15243 |
|  | Koito Manufacturing Co. Ltd.<sup>(A)</sup>  | 720 | 11065 |
|  | Kuraray Co. Ltd.<sup>(A)</sup>  | 1312 | 13636 |
|  | Kurita Water Industries Ltd.<sup>(A)</sup>  | 224 | 10343 |
|  | Leopalace21 Corp.<sup>(A)</sup>  | 13872 | 55504 |
|  | Lintec Corp.<sup>(A)</sup>  | 208 | 5872 |

---

**5**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
|  Lion Corp.<sup>(A)</sup>  | 800 | $8390 <br>|
|  Mitsubishi Motors Corp.<sup>(A)</sup>  | 2608 | 5048 |
|  Mitsui Chemicals, Inc.<sup>(A)</sup>  | 1408 | 16488 |
|  Morinaga & Co. Ltd.<sup>(A)</sup>  | 288 | 4901 |
|  NGK Corp.<sup>(A)</sup>  | 848 | 21250 |
|  NHK Spring Co. Ltd.<sup>(A)</sup>  | 880 | 13441 |
|  Nichias Corp.<sup>(A)</sup>  | 864 | 15714 |
|  Nichirei Corp.<sup>(A)</sup>  | 656 | 8141 |
|  Nifco, Inc.<sup>(A)</sup>  | 288 | 7968 |
|  Nippon Kayaku Co. Ltd.<sup>(A)</sup>  | 704 | 7787 |
|  Nippon Shinyaku Co. Ltd.<sup>(A)</sup>  | 544 | 17526 |
|  Nippon Shokubai Co. Ltd.<sup>(A)</sup>  | 608 | 8696 |
|  Nisshin Seifun Group, Inc.<sup>(A)</sup>  | 512 | 6760 |
|  Nissui Corp.<sup>(A)</sup>  | 800 | 6772 |
|  Niterra Co. Ltd.<sup>(A)</sup>  | 656 | 29872 |
|  NOK Corp.<sup>(A)</sup>  | 480 | 8470 |
|  Open House Group Co. Ltd.<sup>(A)</sup>  | 752 | 47407 |
|  Open Up Group, Inc.<sup>(A)</sup>  | 496 | 5563 |
|  Park24 Co. Ltd.<sup>(A)</sup>  | 928 | 11037 |
|  PeptiDream, Inc.<sup>(A)</sup>  | 848 | 6399 |
|  Persol Holdings Co. Ltd.<sup>(A)</sup>  | 18960 | 27597 |
|  Quants Research Institute Holdings, Inc.  | 1456 | 5358 |
|  Relo Group, Inc.<sup>(A)</sup>  | 7408 | 88221 |
|  Ricoh Co. Ltd.<sup>(A)</sup>  | 1120 | 9270 |
|  Rinnai Corp.<sup>(A)</sup>  | 368 | 8484 |
|  Sankyo Co Ltd.<sup>(A)</sup>  | 928 | 11344 |
|  Santen Pharmaceutical Co. Ltd.<sup>(A)</sup>  | 1568 | 17641 |
|  Sanwa Holdings Corp.<sup>(A)</sup>  | 976 | 21752 |
|  Sega Sammy Holdings, Inc.<sup>(A)</sup>  | 816 | 12461 |
|  SMS Co. Ltd.<sup>(A)</sup>  | 448 | 4638 |
|  Socionext, Inc.<sup>(A)</sup>  | 816 | 9610 |
|  Stanley Electric Co. Ltd.<sup>(A)</sup>  | 464 | 8359 |
|  Starts Corp, Inc.<sup>(A)</sup>  | 1392 | 41662 |
|  Sumitomo Chemical Co. Ltd.<sup>(A)</sup>  | 10224 | 32178 |
|  Sumitomo Rubber Industries Ltd.<sup>(A)</sup>  | 1104 | 14062 |
|  Takeuchi Manufacturing Co. Ltd.<sup>(A)</sup>  | 224 | 8723 |

---

**6**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
|  | Toho Gas Co. Ltd.<sup>(A)</sup>  | 640 | $5077 <br>|
|  | Tokai Rika Co.Ltd.<sup>(A)</sup>  | 368 | 6820 |
|  | Tokyo Century Corp.<sup>(A)</sup>  | 1744 | 22143 |
|  | Tokyo Steel Manufacturing Co. Ltd.<sup>(A)</sup>  | 592 | 6035 |
|  | Tosoh Corp.<sup>(A)</sup>  | 1488 | 21691 |
|  | TOTO Ltd.<sup>(A)</sup>  | 208 | 6671 |
|  | Toyo Tire Corp.<sup>(A)</sup>  | 800 | 18117 |
|  | Toyoda Gosei Co. Ltd.<sup>(A)</sup>  | 528 | 13334 |
|  | Toyota Boshoku Corp.<sup>(A)</sup>  | 1072 | 16286 |
|  | U-Next Holdings Co. Ltd.<sup>(A)</sup>  | 736 | 7657 |
|  | Yamazaki Baking Co. Ltd.<sup>(A)</sup>  | 464 | 10367 |
|  | Yaskawa Electric Corp.<sup>(A)</sup>  | 1440 | 36475 |
|  | The Yokohama Rubber Co. Ltd.<sup>(A)</sup>  | 192 | 7042 |
|  | Zeon Corp.<sup>(A)</sup>  | 896 | 9925 |
|  |  |  | 1169016 |
| **1.62%** | **NETHERLANDS** |  |  |
|  | Arcadis NV  | 464 | 14706 |
|  | Basic-Fit NV 144A<sup>(A)</sup>  | 528 | 17967 |
|  | Koninklijke BAM Groep NV<sup>(A)</sup>  | 1152 | 11471 |
|  | Koninklijke Heijmans NV CvA<sup>(A)</sup>  | 112 | 9916 |
|  | Signify NV 144A  | 256 | 5344 |
|  |  |  | 59404 |
| **2.13%** | **NORWAY** |  |  |
|  | Europris ASA 144A<sup>(A)</sup>  | 592 | 5582 |
|  | Hoegh Autoliners ASA  | 1184 | 16984 |
|  | Norwegian Air Shuttle ASA  | 6784 | 9963 |
|  | Protector Forsikring ASA  | 160 | 7717 |
|  | Stolt-Nielsen Ltd.  | 144 | 4960 |
|  | Wallenius Wilhelmsen ASA  | 1920 | 24151 |
|  | Wilh Wilhelmsen Holding ASA  | 112 | 8386 |
|  |  |  | 77743 |

---

**7**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **1.78%** | **SPAIN** |  |  |
|  | Enagas SA  | 704 | $13947 <br>|
|  | Indra Sistemas SA  | 304 | 16599 |
|  | Laboratorios Farmaceuticos Rovi SA<sup>(A)</sup>  | 64 | 5973 |
|  | Logista Integral SA  | 464 | 17302 |
|  | Melia Hotels International SA  | 512 | 5664 |
|  | Vidrala SA  | 64 | 5674 |
|  |  |  | 65159 |
| **5.87%** | **SWEDEN** |  |  |
|  | AAK AB  | 496 | 12700 |
|  | AcadeMedia AB 144A  | 480 | 5091 |
|  | AFRY AB  | 496 | 6670 |
|  | Ambea AB 144A<sup>(A)</sup>  | 656 | 9189 |
|  | Axfood AB  | 688 | 23380 |
|  | Betsson AB  | 576 | 6097 |
|  | Billerud Aktiebolag  | 640 | 4922 |
|  | Bravida Holding AB 144A  | 592 | 6153 |
|  | Electrolux Professional AB  | 752 | 4004 |
|  | Elekta AB  | 2064 | 12035 |
|  | Embracer Group AB<sup>(A)</sup>  | 1136 | 5765 |
|  | Instalco AB  | 1952 | 6425 |
|  | Mycronic AB  | 416 | 9580 |
|  | NCC AB  | 272 | 5942 |
|  | Nordnet AB (publ)  | 1184 | 38147 |
|  | Paradox Interactive AB  | 368 | 4809 |
|  | Rusta AB  | 1168 | 11505 |
|  | SSAB AB  | 2864 | 22285 |
|  | Sweco AB  | 1408 | 19737 |
|  |  |  | 214436 |
| **7.75%** | **SWITZERLAND** |  |  |
|  | ALSO Holding AG  | 48 | 8404 |
|  | Aryzta AG<sup>(A)</sup>  | 128 | 9933 |
|  | Autoneum Holding AG  | 32 | 4618 |

---

**8**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
|  | Basilea Pharmaceutica AG<sup>(A)</sup>  | 112 | $7620 <br>|
|  | Bucher Industries AG  | 48 | 20860 |
|  | Burckhardt Compression Holding  | 16 | 9445 |
|  | DKSH Holding AG  | 288 | 20854 |
|  | Forbo Holding AG  | 16 | 14727 |
|  | Galenica AG 144A  | 128 | 14543 |
|  | Implenia AG  | 128 | 9941 |
|  | Inficon Holding AG  | 96 | 11934 |
|  | SFS Group AG  | 192 | 28334 |
|  | Sulzer AG  | 144 | 29643 |
|  | Temenos Group AG  | 880 | 75773 |
|  | Vontobel Holding AG  | 192 | 16496 |
|  |  |  | 283125 |
| **16.26%** | **UNITED KINGDOM** |  |  |
|  | Airtel Africa plc 144A  | 29296 | 133622 |
|  | B&M European Value Retail plc  | 6752 | 15059 |
|  | Beazley plc  | 5456 | 91424 |
|  | Chemring Group plc  | 928 | 6240 |
|  | Clarkson plc  | 112 | 6834 |
|  | Computacenter plc  | 224 | 8865 |
|  | Convatec Group plc 144A  | 3888 | 11085 |
|  | Domino's Pizza Group plc  | 3040 | 6929 |
|  | Drax Group plc  | 688 | 8064 |
|  | Energean plc  | 848 | 9698 |
|  | Gamma Communications plc  | 512 | 4812 |
|  | Genus plc  | 192 | 6023 |
|  | Hiscox Ltd.  | 1616 | 32319 |
|  | Hochschild Mining plc  | 1664 | 13149 |
|  | IG Group Holdings plc  | 1488 | 28203 |
|  | Inchcape plc  | 1376 | 13659 |
|  | Investec plc  | 1632 | 12399 |
|  | ITV plc  | 12800 | 12715 |
|  | JET2 plc  | 1424 | 20959 |
|  | Johnson Matthey plc  | 272 | 6830 |

---

**9**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
|  | Kier Group plc  | 2080 | $5247 <br>|
|  | Man Group plc/Jersey  | 2304 | 7673 |
|  | Mitie Group plc  | 11248 | 25160 |
|  | Moonpig Group plc  | 1856 | 5147 |
|  | Morgan Sindall Group plc<sup>(A)</sup>  | 176 | 9633 |
|  | OSB Group plc  | 688 | 4735 |
|  | Pan African Resources plc  | 10928 | 20163 |
|  | Persimmon plc  | 464 | 6562 |
|  | Plus500 Ltd.  | 496 | 26706 |
|  | Serica Energy plc  | 1744 | 6787 |
|  | SSP Group Plc  | 3136 | 7260 |
|  | Taylor Wimpey plc  | 4288 | 5035 |
|  | Telecom Plus plc<sup>(A)</sup>  | 256 | 4378 |
|  | Volex plc  | 912 | 5468 |
|  | Volution Group plc  | 720 | 5432 |
|  |  |  | 594274 |
| **98.82%** | **TOTAL COMMON STOCKS** |  |  |
|  | (Cost: $3,988,741)  | (Cost: $3,988,741)  | 3611268 |
| **0.23%** | **PREFERRED STOCKS** |  |  |
| **0.23%** | **GERMANY** |  |  |
|  | Draegerwerk AG & Co. KGaA  | 80 | 8405 |
| **0.23%** | **TOTAL PREFERRED STOCKS** |  |  |
|  | (Cost: $8,782)  | (Cost: $8,782)  | 8405 |
| **99.05%** | **TOTAL INVESTMENTS** |  |  |
|  | (Cost: $3,997,523)  | (Cost: $3,997,523)  | 3619673 |
| **0.95%** | Other assets, net of liabilities  | Other assets, net of liabilities  | 34888 |
| **100.00%** | **NET ASSETS**  | **NET ASSETS**  | **$** **3654561** <br>|

---

<sup>(A)</sup>Non-income producing

**10**

QUARTERLY REPORT

**APPLIED FINANCE IVS INTERNATIONAL SMID ETF**

**Schedule of Investments - continued** **March 31, 2026 (unaudited)**

In accordance with U.S. GAAP, "fair value" is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund's investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following summarizes the inputs used to value the Fund's investments as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** |  |
|  | **Quoted <br>Prices** | **Other<br>Significant Observable Inputs** | **Significant Unobservable Inputs** | **Total** |
|  **Assets** |  |  |  |  |
|  Common Stocks  | $3611268 <br>| $— <br>| $— <br>| $3611268 <br>|
|  Preferred Stocks  | 8405 |  |  | 8405 |
|  | $3619673 <br>| $— <br>| $— <br>| $3619673 <br>|

---

The cost of investments for Federal income tax purposes has been estimated a/o March 31, 2026 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $3,997,523, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
|  Gross unrealized appreciation  | $48810 <br>|
|  Gross unrealized depreciation  | (426660) |
|  Net unrealized appreciation  | $(377850 ) |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Opportunities Trust

- **b. Investment Company Act file number:** 811-23439

- **c. CIK number of Registrant:** 0001771146

- **d. LEI of Registrant:** 549300FWST5041130Z58

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

  - **Street Address 1:** 8730 Stony Point Parkway

  - **City:** Richmond

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 23235

  - **Telephone number:** 804-267-7400

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

- **a. Name of Series:** Applied Finance IVS International SMID ETF

- **b. EDGAR series identifier (if any):** S000097229

- **c. LEI of Series:** 254900Q8O9CEI7VYWO73

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $3659452.35

**Total Liabilities:** $4891.12

**Net Assets:** $3654561.23

**Cash Not Reported:** $1001.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000266407 |  | 1.72%                | -10.50%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  | $-0.55                   | $76495.43                                  |
| Month 3  | $-69.79                  | $-454350.86                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                   | Title                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eramet SA                              | Eramet SA                               | CUSIP: N/A<br>LEI: 549300LUH78PG2MP6N64       | Long             | EC               | CORP              | FR        |        96 | NS      | $5603.59      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwabo Holdings Co Ltd                | Daiwabo Holdings Co Ltd                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       240 | NS      | $4635.01      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeol Ltd                               | Jeol Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       240 | NS      | $8648.50      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hazama Ando Corp                       | Hazama Ando Corp                        | CUSIP: N/A<br>LEI: 353800YSSP5B2GMQ6E51       | Long             | EC               | CORP              | JP        |       416 | NS      | $5116.61      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPEX                                  | Japan Petroleum Exploration Co Ltd      | CUSIP: N/A<br>LEI: 549300WXUNBZ356DMN17       | Long             | EC               | CORP              | JP        |       848 | NS      | $13935.19     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Freenet AG                             | Freenet AG                              | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |       976 | NS      | $29804.80     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ID Logistics Group SACA                | ID Logistics Group SACA                 | CUSIP: N/A<br>LEI: 969500U1DQN70VMJ9P45       | Long             | EC               | CORP              | FR        |        32 | NS      | $11780.48     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Inchcape PLC                           | Inchcape PLC                            | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |      1376 | NS      | $13659.47     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AcadeMedia AB                          | AcadeMedia AB                           | CUSIP: N/A<br>LEI: 549300H47PGHY4JNKO68       | Long             | EC               | CORP              | SE        |       480 | NS      | $5090.71      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Electrolux Professional AB             | Electrolux Professional AB              | CUSIP: W2457W116<br>LEI: 254900KI62Q46ZWD8084 | Long             | EC               | CORP              | SE        |       752 | NS      | $4003.61      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Helia Group Ltd                        | Helia Group Ltd                         | CUSIP: N/A<br>LEI: 529900RUQ2G0JXJOF423       | Long             | EC               | CORP              | AU        |      2016 | NS      | $7316.34      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Instalco AB                            | Instalco AB                             | CUSIP: N/A<br>LEI: 549300DZ9ONT2AXY4029       | Long             | EC               | CORP              | SE        |      1952 | NS      | $6425.12      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Embracer Group AB                      | Embracer Group AB                       | CUSIP: N/A<br>LEI: 549300RFXXKT652HB549       | Long             | EC               | CORP              | SE        |      1136 | NS      | $5765.41      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Axfood AB                              | Axfood AB                               | CUSIP: N/A<br>LEI: 549300QIXCZWZLHE8L05       | Long             | EC               | CORP              | SE        |       688 | NS      | $23379.93     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| B&M European Value Retail plc          | B&M European Value Retail plc           | CUSIP: N/A<br>LEI: 213800UK7ZRLY2K1X530       | Long             | EC               | CORP              | JE        |      6752 | NS      | $15058.66     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexerials Corp                         | Dexerials Corp                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       672 | NS      | $8953.37      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Toho Gas Co Ltd                        | Toho Gas Co Ltd                         | CUSIP: N/A<br>LEI: 353800BCVTE4F8012906       | Long             | EC               | CORP              | JP        |       640 | NS      | $5077.09      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTO Ltd                               | TOTO Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       208 | NS      | $6670.99      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tosoh Corp                             | Tosoh Corp                              | CUSIP: N/A<br>LEI: 529900YSLFVJF2MDBX02       | Long             | EC               | CORP              | JP        |      1488 | NS      | $21691.11     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Yaskawa Electric Corp                  | Yaskawa Electric Corp                   | CUSIP: N/A<br>LEI: 3538003K39GR98R0CK58       | Long             | EC               | CORP              | JP        |      1440 | NS      | $36475.22     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontobel Holding AG                    | Vontobel Holding AG                     | CUSIP: N/A<br>LEI: 529900G69W5VR3DDPW23       | Long             | EC               | CORP              | CH        |       192 | NS      | $16496.25     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Volution Group PLC                     | Volution Group PLC                      | CUSIP: N/A<br>LEI: 213800EPT84EQCDHO768       | Long             | EC               | CORP              | GB        |       720 | NS      | $5432.02      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies NV                    | Technip Energies NV                     | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | FR        |      1008 | NS      | $42619.45     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarkson PLC                           | Clarkson PLC                            | CUSIP: N/A<br>LEI: 2138007G6BGTEHI3OT22       | Long             | EC               | CORP              | GB        |       112 | NS      | $6833.97      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Genus PLC                              | Genus PLC                               | CUSIP: N/A<br>LEI: 54930022EOITNKSIGH56       | Long             | EC               | CORP              | GB        |       192 | NS      | $6022.87      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GN Store Nord AS                       | GN Store Nord AS                        | CUSIP: N/A<br>LEI: 5493008U3H3W0NKPFL10       | Long             | EC               | CORP              | DK        |       768 | NS      | $11979.95     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bekaert SA                             | Bekaert SA                              | CUSIP: N/A<br>LEI: 5493008SR6XZECH6BN71       | Long             | EC               | CORP              | BE        |       320 | NS      | $14794.95     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobayashi Pharmaceutical Co Lt         | Kobayashi Pharmaceutical Co Ltd         | CUSIP: N/A<br>LEI: 529900WBSL04KD6TKP95       | Long             | EC               | CORP              | JP        |       256 | NS      | $9505.74      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Breville Group Ltd                     | Breville Group Ltd                      | CUSIP: N/A<br>LEI: 529900MM4WH0KSB3KW37       | Long             | EC               | CORP              | AU        |       288 | NS      | $5233.91      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Daicel Corp                            | Daicel Corp                             | CUSIP: N/A<br>LEI: 353800ZG4XF6D7NZGS72       | Long             | EC               | CORP              | JP        |      1792 | NS      | $13837.60     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanematsu Corp                         | Kanematsu Corp                          | CUSIP: N/A<br>LEI: 353800N574WR0FX80I71       | Long             | EC               | CORP              | JP        |       832 | NS      | $11562.18     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuraray Co Ltd                         | Kuraray Co Ltd                          | CUSIP: N/A<br>LEI: 549300W9JPTOE739QZ31       | Long             | EC               | CORP              | JP        |      1312 | NS      | $13636.27     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Motors Corp                 | Mitsubishi Motors Corp                  | CUSIP: N/A<br>LEI: 5299006ZTN6MO1N5BR16       | Long             | EC               | CORP              | JP        |      2608 | NS      | $5048.22      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Billerud Aktiebolag                    | Billerud Aktiebolag                     | CUSIP: N/A<br>LEI: 549300YJUYJ9A24RXL71       | Long             | EC               | CORP              | SE        |       640 | NS      | $4921.70      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Etablissements Maurel et Prom          | Etablissements Maurel et Prom SA        | CUSIP: N/A<br>LEI: 969500ZTYI9C1C594X25       | Long             | EC               | CORP              | FR        |       896 | NS      | $11184.98     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Internet Initiative Japan Inc          | Internet Initiative Japan Inc           | CUSIP: N/A<br>LEI: 529900EOCJNAPUHDFR78       | Long             | EC               | CORP              | JP        |       704 | NS      | $10856.87     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Yancoal Australia Ltd                  | Yancoal Australia Ltd                   | CUSIP: N/A<br>LEI: 3003003IC6G39HKQAD13       | Long             | EC               | CORP              | AU        |      4720 | NS      | $26996.92     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| JOST Werke SE                          | JOST Werke SE                           | CUSIP: N/A<br>LEI: 529900G977BSS7DATK68       | Long             | EC               | CORP              | DE        |        80 | NS      | $4614.18      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Moonpig Group PLC                      | Moonpig Group PLC                       | CUSIP: N/A<br>LEI: 213800VAYO5KCAXZHK83       | Long             | EC               | CORP              | GB        |      1856 | NS      | $5146.55      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Computacenter PLC                      | Computacenter PLC                       | CUSIP: N/A<br>LEI: 549300XSXUZ1I19DB105       | Long             | EC               | CORP              | GB        |       224 | NS      | $8864.89      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazley PLC                            | Beazley PLC                             | CUSIP: N/A<br>LEI: 213800VTOMUWD41GIT12       | Long             | EC               | CORP              | GB        |      5456 | NS      | $91424.40     | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kier Group PLC                         | Kier Group PLC                          | CUSIP: N/A<br>LEI: 2138002RKCU2OM4Y7O48       | Long             | EC               | CORP              | GB        |      2080 | NS      | $5247.35      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Volex PLC                              | Volex PLC                               | CUSIP: N/A<br>LEI: 213800HBLQNH5FXXGE63       | Long             | EC               | CORP              | GB        |       912 | NS      | $5468.23      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV PLC                                | ITV PLC                                 | CUSIP: N/A<br>LEI: ZLECI7ED2QMWFGYCXZ59       | Long             | EC               | CORP              | GB        |     12800 | NS      | $12714.95     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Puma SE                                | Puma SE                                 | CUSIP: N/A<br>LEI: 529900GRZ2BQY5ZM9N49       | Long             | EC               | CORP              | DE        |       416 | NS      | $10438.95     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe BIC SA                         | Societe BIC SA                          | CUSIP: N/A<br>LEI: 969500UR00DF63I0VH67       | Long             | EC               | CORP              | FR        |        96 | NS      | $5958.67      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Resources NL                   | Emerald Resources NL                    | CUSIP: N/A<br>LEI: 529900V79JFYUE9ZQB09       | Long             | EC               | CORP              | AU        |      2800 | NS      | $10374.09     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Relo Group Inc                         | Relo Group Inc                          | CUSIP: N/A<br>LEI: 353800T595XRZDA8IB59       | Long             | EC               | CORP              | JP        |      7408 | NS      | $88221.04     | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lintec Corp                            | Lintec Corp                             | CUSIP: N/A<br>LEI: 3538002YOJO0IAM1PD28       | Long             | EC               | CORP              | JP        |       208 | NS      | $5871.52      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Flight Centre Travel Group Ltd         | Flight Centre Travel Group Ltd          | CUSIP: N/A<br>LEI: 254900BGNUI78EKEJY68       | Long             | EC               | CORP              | AU        |       944 | NS      | $6943.00      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldwin Inc                            | Goldwin Inc                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       496 | NS      | $6913.15      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Resolute Mining Ltd                    | Resolute Mining Ltd                     | CUSIP: N/A<br>LEI: 254900MP8JONT590XY28       | Long             | EC               | CORP              | AU        |      7408 | NS      | $7130.06      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirose Electric Co Ltd                 | Hirose Electric Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        48 | NS      | $6100.37      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hokuetsu Corp                          | Hokuetsu Corp                           | CUSIP: N/A<br>LEI: 549300CBTMD053ZJ7C79       | Long             | EC               | CORP              | JP        |       784 | NS      | $4515.14      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Iwatani Corp                           | Iwatani Corp                            | CUSIP: N/A<br>LEI: 353800TSKIDNENNV2L96       | Long             | EC               | CORP              | JP        |       896 | NS      | $11319.62     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Aviation Electronics Ind         | Japan Aviation Electronics Industry Ltd | CUSIP: N/A<br>LEI: 353800OSHAMOO6TCTF61       | Long             | EC               | CORP              | JP        |       288 | NS      | $4073.97      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Persimmon PLC                          | Persimmon PLC                           | CUSIP: N/A<br>LEI: 213800XI72Y57UWN6F31       | Long             | EC               | CORP              | GB        |       464 | NS      | $6562.16      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Wimpey PLC                      | Taylor Wimpey PLC                       | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |      4288 | NS      | $5035.36      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Telecom Plus PLC                       | Telecom Plus PLC                        | CUSIP: N/A<br>LEI: 549300QGHDX5UKE58G86       | Long             | EC               | CORP              | GB        |       256 | NS      | $4377.81      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Glanbia PLC                            | Glanbia PLC                             | CUSIP: N/A<br>LEI: 635400SRMCBHVMSKJS84       | Long             | EC               | CORP              | IE        |       608 | NS      | $11911.79     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Trigano SA                             | Trigano SA                              | CUSIP: N/A<br>LEI: 969500KLZPNMO8TUM811       | Long             | EC               | CORP              | FR        |       112 | NS      | $18188.54     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Tessenderlo Group SA                   | Tessenderlo Group SA                    | CUSIP: N/A<br>LEI: 549300ZKLIF7RP6EH823       | Long             | EC               | CORP              | BE        |       176 | NS      | $3983.17      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| voestalpine AG                         | voestalpine AG                          | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               | CORP              | AT        |       384 | NS      | $16786.35     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group SpA                    | Interpump Group SpA                     | CUSIP: N/A<br>LEI: 815600C79D0F31F4D395       | Long             | EC               | CORP              | IT        |       128 | NS      | $4793.56      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vidrala SA                             | Vidrala SA                              | CUSIP: N/A<br>LEI: 95980020140005399488       | Long             | EC               | CORP              | ES        |        64 | NS      | $5673.86      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Keio Corp                              | Keio Corp                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1840 | NS      | $8942.33      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Keisei Electric Railway Co Ltd         | Keisei Electric Railway Co Ltd          | CUSIP: N/A<br>LEI: 529900VNP95IIHXPCY17       | Long             | EC               | CORP              | JP        |      1536 | NS      | $11372.04     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Elmos Semiconductor SE                 | Elmos Semiconductor SE                  | CUSIP: N/A<br>LEI: 529900UMKKDCAP4P4H63       | Long             | EC               | CORP              | DE        |        48 | NS      | $7978.18      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Television Francaise 1 SA              | Television Francaise 1 SA               | CUSIP: N/A<br>LEI: 969500WQFC6OAQYG7E65       | Long             | EC               | CORP              | FR        |       992 | NS      | $7951.73      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Daido Steel Co Ltd                     | Daido Steel Co Ltd                      | CUSIP: N/A<br>LEI: 353800WZKGRNG0T2FR92       | Long             | EC               | CORP              | JP        |       720 | NS      | $8222.80      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Construction Machinery         | Hitachi Construction Machinery Co Ltd   | CUSIP: N/A<br>LEI: 5493009B7C53PDH8W826       | Long             | EC               | CORP              | JP        |       992 | NS      | $32946.86     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kintetsu Group Holdings Co Ltd         | Kintetsu Group Holdings Co Ltd          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       496 | NS      | $10063.45     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Koito Manufacturing Co Ltd             | Koito Manufacturing Co Ltd              | CUSIP: N/A<br>LEI: 5299001FERC6CZM94C22       | Long             | EC               | CORP              | JP        |       720 | NS      | $11065.06     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Leopalace21 Corp                       | Leopalace21 Corp                        | CUSIP: N/A<br>LEI: 529900Z3BHJUW1DY6254       | Long             | EC               | CORP              | JP        |     13872 | NS      | $55503.73     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Niterra Co Ltd                         | Niterra Co Ltd                          | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |       656 | NS      | $29872.48     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissui Corp                            | Nissui Corp                             | CUSIP: N/A<br>LEI: 529900MPH5BMANQ3EC50       | Long             | EC               | CORP              | JP        |       800 | NS      | $6772.31      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Park24 Co Ltd                          | Park24 Co Ltd                           | CUSIP: N/A<br>LEI: 549300LFG2WZWCWM4M68       | Long             | EC               | CORP              | JP        |       928 | NS      | $11036.83     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Century Corp                     | Tokyo Century Corp                      | CUSIP: N/A<br>LEI: 35380096ZLHOF84DXR74       | Long             | EC               | CORP              | JP        |      1744 | NS      | $22142.72     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sankyo Co Ltd                          | Sankyo Co Ltd                           | CUSIP: N/A<br>LEI: 3538009H2R9ZBZAOAK48       | Long             | EC               | CORP              | JP        |       928 | NS      | $11343.81     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Santen Pharmaceutical Co Ltd           | Santen Pharmaceutical Co Ltd            | CUSIP: N/A<br>LEI: 529900TPT3I7C17MIM03       | Long             | EC               | CORP              | JP        |      1568 | NS      | $17640.68     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanwa Holdings Corp                    | Sanwa Holdings Corp                     | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |       976 | NS      | $21751.75     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Shokubai Co Ltd                 | Nippon Shokubai Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       608 | NS      | $8696.39      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Corp                              | Lion Corp                               | CUSIP: N/A<br>LEI: 529900MPGS2GM7VPG855       | Long             | EC               | CORP              | JP        |       800 | NS      | $8390.41      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DMG Mori Co Ltd                        | DMG Mori Co Ltd                         | CUSIP: N/A<br>LEI: 353800P4I3FIXTQV2E13       | Long             | EC               | CORP              | JP        |       496 | NS      | $7394.45      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Kayaku Co Ltd                   | Nippon Kayaku Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       704 | NS      | $7787.23      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandfire Resources Ltd                 | Sandfire Resources Ltd                  | CUSIP: N/A<br>LEI: 213800ZW52P23FVH1V47       | Long             | EC               | CORP              | AU        |      1632 | NS      | $18049.76     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Electric Co Ltd                | Stanley Electric Co Ltd                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       464 | NS      | $8358.75      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokai Rika Co Ltd                      | Tokai Rika Co Ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       368 | NS      | $6819.50      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyoda Gosei Co Ltd                    | Toyoda Gosei Co Ltd                     | CUSIP: N/A<br>LEI: 353800ZV4HXVM4DWPO50       | Long             | EC               | CORP              | JP        |       528 | NS      | $13334.32     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitie Group PLC                        | Mitie Group PLC                         | CUSIP: N/A<br>LEI: 213800MTCLTKEHWZMJ03       | Long             | EC               | CORP              | GB        |     11248 | NS      | $25160.31     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Sindall Group PLC               | Morgan Sindall Group PLC                | CUSIP: N/A<br>LEI: 2138008339ULDGZRB345       | Long             | EC               | CORP              | GB        |       176 | NS      | $9632.57      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Temenos AG                             | Temenos AG                              | CUSIP: N/A<br>LEI: 5067007NW6550481FH64       | Long             | EC               | CORP              | CH        |       880 | NS      | $75772.89     | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SCOR SE                                | SCOR SE                                 | CUSIP: N/A<br>LEI: 96950056ULJ4JI7V3752       | Long             | EC               | CORP              | FR        |       848 | NS      | $29953.86     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Drax Group PLC                         | Drax Group PLC                          | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |       688 | NS      | $8063.64      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokmanni Group Corp                    | Tokmanni Group Corp                     | CUSIP: N/A<br>LEI: 743700VMG6KWF0FW1560       | Long             | EC               | CORP              | FI        |       496 | NS      | $4101.99      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Paradox Interactive AB                 | Paradox Interactive AB                  | CUSIP: W7S83E109<br>LEI: 529900QNSZUY53R5WW95 | Long             | EC               | CORP              | SE        |       368 | NS      | $4808.63      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dermapharm Holding SE                  | Dermapharm Holding SE                   | CUSIP: N/A<br>LEI: 5299009F0KNZINQQQK37       | Long             | EC               | CORP              | DE        |       128 | NS      | $6258.26      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Man Group PLC/Jersey                   | Man Group PLC/Jersey                    | CUSIP: N/A<br>LEI: 2549003YWC1DW6LALB09       | Long             | EC               | CORP              | GB        |      2304 | NS      | $7672.68      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniphar PLC                            | Uniphar PLC                             | CUSIP: N/A<br>LEI: 21380028LJSQGRUAX965       | Long             | EC               | CORP              | IE        |      1024 | NS      | $4497.67      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobe Steel Ltd                         | Kobe Steel Ltd                          | CUSIP: N/A<br>LEI: 549300ZDCYYUPHEE5K87       | Long             | EC               | CORP              | JP        |      1280 | NS      | $15243.38     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ALSO Holding AG                        | ALSO Holding AG                         | CUSIP: N/A<br>LEI: 529900ACS8A6PTQI6141       | Long             | EC               | CORP              | CH        |        48 | NS      | $8404.20      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Starts Corp Inc                        | Starts Corp Inc                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1392 | NS      | $41662.20     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tabcorp Holdings Ltd                   | Tabcorp Holdings Ltd                    | CUSIP: N/A<br>LEI: 213800OCCFUN67NEY278       | Long             | EC               | CORP              | AU        |      7920 | NS      | $5136.54      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Yamazaki Baking Co Ltd                 | Yamazaki Baking Co Ltd                  | CUSIP: 984632109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       464 | NS      | $10367.31     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Basilea Pharmaceutica Ag Allsc         | Basilea Pharmaceutica Ag Allschwil      | CUSIP: N/A<br>LEI: 391200TTZP8EIPSJ5J20       | Long             | EC               | CORP              | CH        |       112 | NS      | $7619.81      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Perseus Mining Ltd                     | Perseus Mining Ltd                      | CUSIP: N/A<br>LEI: 54930054ZDGKBCW3SM26       | Long             | EC               | CORP              | AU        |      6928 | NS      | $24616.87     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sega Sammy Holdings Inc                | Sega Sammy Holdings Inc                 | CUSIP: N/A<br>LEI: 5493006B6WMKNQ8QNP51       | Long             | EC               | CORP              | JP        |       816 | NS      | $12460.70     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IG Group Holdings PLC                  | IG Group Holdings PLC                   | CUSIP: N/A<br>LEI: 2138003A5Q1M7ANOUD76       | Long             | EC               | CORP              | GB        |      1488 | NS      | $28203.30     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Metcash Ltd                            | Metcash Ltd                             | CUSIP: N/A<br>LEI: 25490065W4SN3LZMX216       | Long             | EC               | CORP              | AU        |      2096 | NS      | $4280.56      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Serica Energy PLC                      | Serica Energy PLC                       | CUSIP: N/A<br>LEI: 213800EZZOKA815VC426       | Long             | EC               | CORP              | GB        |      1744 | NS      | $6786.53      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Elekta AB                              | Elekta AB                               | CUSIP: N/A<br>LEI: 54930044O54BK617EP80       | Long             | EC               | CORP              | SE        |      2064 | NS      | $12035.18     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Konecranes Oyj                         | Konecranes Oyj                          | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |      1392 | NS      | $44954.09     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke BAM Groep NV               | Koninklijke BAM Groep NV                | CUSIP: N/A<br>LEI: 724500V38C5KTDY5BS93       | Long             | EC               | CORP              | NL        |      1152 | NS      | $11471.27     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JET2 PLC                               | JET2 PLC                                | CUSIP: N/A<br>LEI: I72RQ3PNLDPW8R7JIJ56       | Long             | EC               | CORP              | GB        |      1424 | NS      | $20958.92     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Burckhardt Compression Holding         | Burckhardt Compression Holding AG       | CUSIP: N/A<br>LEI: 5067004N56DLX7GY3E95       | Long             | EC               | CORP              | CH        |        16 | NS      | $9444.72      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Investec PLC                           | Investec PLC                            | CUSIP: N/A<br>LEI: 2138007Z3U5GWDN3MY22       | Long             | EC               | CORP              | ZA        |      1632 | NS      | $12398.98     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SSAB AB                                | SSAB AB                                 | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |      2864 | NS      | $22284.78     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| IPSOS SA                               | IPSOS SA                                | CUSIP: N/A<br>LEI: 9695002OY2X35E9X8W87       | Long             | EC               | CORP              | FR        |       240 | NS      | $9331.92      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Up Group Inc                      | Open Up Group Inc                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       496 | NS      | $5563.03      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SMS Co Ltd                             | SMS Co Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       448 | NS      | $4637.94      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JVCKenwood Corp                        | JVCKenwood Corp                         | CUSIP: N/A<br>LEI: 529900GGYCEJXM5Y6961       | Long             | EC               | CORP              | JP        |       832 | NS      | $5722.11      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Persol Holdings Co Ltd                 | Persol Holdings Co Ltd                  | CUSIP: N/A<br>LEI: 3538000H6OI725NB2008       | Long             | EC               | CORP              | JP        |     18960 | NS      | $27596.86     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Stolt-Nielsen Ltd                      | Stolt-Nielsen Ltd                       | CUSIP: N/A<br>LEI: 213800VZX4LWJSGRLR94       | Long             | EC               | CORP              | GB        |       144 | NS      | $4959.67      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wallenius Wilhelmsen ASA               | Wallenius Wilhelmsen ASA                | CUSIP: N/A<br>LEI: 549300NBN0URT3RA3Y54       | Long             | EC               | CORP              | NO        |      1920 | NS      | $24151.44     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilh Wilhelmsen Holding ASA            | Wilh Wilhelmsen Holding ASA             | CUSIP: N/A<br>LEI: 54930050TPKOLSE1ZZ71       | Long             | EC               | CORP              | NO        |       112 | NS      | $8385.92      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DKSH Holding AG                        | DKSH Holding AG                         | CUSIP: N/A<br>LEI: 549300HUUUNHO6FJUS42       | Long             | EC               | CORP              | CH        |       288 | NS      | $20854.43     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PeptiDream Inc                         | PeptiDream Inc                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       848 | NS      | $6398.54      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KION Group AG                          | KION Group AG                           | CUSIP: N/A<br>LEI: 5299005KY91C4C6U9H17       | Long             | EC               | CORP              | DE        |       448 | NS      | $23022.42     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Plus500 Ltd                            | Plus500 Ltd                             | CUSIP: N/A<br>LEI: 549300X8NGW9C5OJZU13       | Long             | EC               | CORP              | IL        |       496 | NS      | $26706.48     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ProSiebenSat.1 Media SE                | ProSiebenSat.1 Media SE                 | CUSIP: N/A<br>LEI: 529900NY0WWQUKOMWQ37       | Long             | EC               | CORP              | DE        |      1248 | NS      | $5614.24      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Convatec Group PLC                     | Convatec Group PLC                      | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |      3888 | NS      | $11084.75     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AAK AB                                 | AAK AB                                  | CUSIP: N/A<br>LEI: 549300GK4LGIDDWJWL07       | Long             | EC               | CORP              | SE        |       496 | NS      | $12700.42     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Energean PLC                           | Energean PLC                            | CUSIP: N/A<br>LEI: 549300RVMKU0CYUZBB05       | Long             | EC               | CORP              | GB        |       848 | NS      | $9697.59      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtel Africa PLC                      | Airtel Africa PLC                       | CUSIP: N/A<br>LEI: 254900ZNZDQL6OWQH623       | Long             | EC               | CORP              | GB        |     29296 | NS      | $133621.90    | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Puuilo Oyj                             | Puuilo Oyj                              | CUSIP: N/A<br>LEI: 743700UJUT6FWHBXPR69       | Long             | EC               | CORP              | FI        |       448 | NS      | $6519.40      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OSB Group PLC                          | OSB Group PLC                           | CUSIP: N/A<br>LEI: 213800ZBKL9BHSL2K459       | Long             | EC               | CORP              | GB        |       688 | NS      | $4735.28      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lottomatica Group Spa                  | Lottomatica Group Spa                   | CUSIP: N/A<br>LEI: 549300R72LKEGT4EX026       | Long             | EC               | CORP              | IT        |      1840 | NS      | $52658.93     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Deme Group NV                          | Deme Group NV                           | CUSIP: N/A<br>LEI: 549300FPFPQPKI3PJV37       | Long             | EC               | CORP              | BE        |        96 | NS      | $20461.42     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Logista Integral SA                    | Logista Integral SA                     | CUSIP: N/A<br>LEI: 9598000ANNAL42UJ7X28       | Long             | EC               | CORP              | ES        |       464 | NS      | $17301.59     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Group PLC               | Domino's Pizza Group PLC                | CUSIP: N/A<br>LEI: 213800Q6ZKHAOV48JL75       | Long             | EC               | CORP              | GB        |      3040 | NS      | $6928.84      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| flatexDEGIRO SE                        | flatexDEGIRO SE                         | CUSIP: N/A<br>LEI: 529900IRBZTADXJB6757       | Long             | EC               | CORP              | DE        |       176 | NS      | $5980.86      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Matthey PLC                    | Johnson Matthey PLC                     | CUSIP: N/A<br>LEI: 2138001AVBSD1HSC6Z10       | Long             | EC               | CORP              | GB        |       272 | NS      | $6829.52      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pirelli & C SpA                        | Pirelli & C SpA                         | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |      2656 | NS      | $18125.00     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Inghams Group Ltd                      | Inghams Group Ltd                       | CUSIP: N/A<br>LEI: 529900ZZ4VRHSGVBNE41       | Long             | EC               | CORP              | AU        |      2848 | NS      | $3890.66      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TeamViewer SE                          | TeamViewer SE                           | CUSIP: N/A<br>LEI: 3912000FZ0R0KEK9JS42       | Long             | EC               | CORP              | DE        |      1760 | NS      | $8857.37      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ISS A/S                                | ISS A/S                                 | CUSIP: N/A<br>LEI: 213800LEZA58SZNCBN19       | Long             | EC               | CORP              | DK        |       752 | NS      | $27287.51     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweco AB                               | Sweco AB                                | CUSIP: N/A<br>LEI: 549300Q4Y55VICYV6U90       | Long             | EC               | CORP              | SE        |      1408 | NS      | $19736.82     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoegh Autoliners ASA                   | Hoegh Autoliners ASA                    | CUSIP: N/A<br>LEI: 549300D7GNMPKTA4HD46       | Long             | EC               | CORP              | NO        |      1184 | NS      | $16984.33     | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Socionext Inc                          | Socionext Inc                           | CUSIP: N/A<br>LEI: 529900NKQHKPDKDHVO94       | Long             | EC               | CORP              | JP        |       816 | NS      | $9609.68      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventia Services Group Pty Ltd          | Ventia Services Group Pty Ltd           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      3040 | NS      | $10969.66     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| IONOS Group SE                         | IONOS Group SE                          | CUSIP: N/A<br>LEI: 54930038KPLOYRDHV375       | Long             | EC               | CORP              | DE        |       880 | NS      | $25276.25     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Healthcare Ltd                   | Regis Healthcare Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      2368 | NS      | $10064.22     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Next Holdings Co Ltd                 | U-Next Holdings Co Ltd                  | CUSIP: N/A<br>LEI: 5299008NVOZT1CQ62M22       | Long             | EC               | CORP              | JP        |       736 | NS      | $7656.57      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hiscox Ltd                             | Hiscox Ltd                              | CUSIP: N/A<br>LEI: 5493007JXOLJ0QCY2D70       | Long             | EC               | CORP              | BM        |      1616 | NS      | $32319.14     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurizon Holdings Ltd                   | Aurizon Holdings Ltd                    | CUSIP: N/A<br>LEI: 5299005PC1O6NOWL3H48       | Long             | EC               | CORP              | AU        |      5616 | NS      | $15382.80     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AFRY AB                                | AFRY AB                                 | CUSIP: W05244111<br>LEI: 549300Q87LKPPD4X9R30 | Long             | EC               | CORP              | SE        |       496 | NS      | $6669.81      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aryzta AG                              | Aryzta AG                               | CUSIP: N/A<br>LEI: 549300W2PUDQQVRD8W85       | Long             | EC               | CORP              | CH        |       128 | NS      | $9932.97      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mycronic AB                            | Mycronic AB                             | CUSIP: N/A<br>LEI: 549300S5CCFESE4C6Y07       | Long             | EC               | CORP              | SE        |       416 | NS      | $9579.74      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Signify NV                             | Signify NV                              | CUSIP: N/A<br>LEI: 549300072P3J1X8NZO35       | Long             | EC               | CORP              | NL        |       256 | NS      | $5343.94      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Reply SpA                              | Reply SpA                               | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |       144 | NS      | $13440.29     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TORM PLC                               | TORM PLC                                | CUSIP: N/A<br>LEI: 213800VL1H1ABVM1ZF63       | Long             | EC               | CORP              | GB        |       480 | NS      | $13634.85     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan African Resources PLC              | Pan African Resources PLC               | CUSIP: N/A<br>LEI: 213800EAXURCXMX6RL85       | Long             | EC               | CORP              | ZA        |     10928 | NS      | $20163.11     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Forbo Holding AG                       | Forbo Holding AG                        | CUSIP: N/A<br>LEI: 506700HR073894C16243       | Long             | EC               | CORP              | CH        |        16 | NS      | $14727.36     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Indra Sistemas SA                      | Indra Sistemas SA                       | CUSIP: N/A<br>LEI: 95980020140005308793       | Long             | EC               | CORP              | ES        |       304 | NS      | $16599.20     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Duerr AG                               | Duerr AG                                | CUSIP: N/A<br>LEI: 5299003APZ54EDTSRO20       | Long             | EC               | CORP              | DE        |       336 | NS      | $7285.77      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Draegerwerk AG & Co KGaA               | Draegerwerk AG & Co KGaA                | CUSIP: N/A<br>LEI: 5493005UFVHY0PPNKD75       | Long             | EP               | CORP              | DE        |        80 | NS      | $8405.38      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Krones AG                              | Krones AG                               | CUSIP: N/A<br>LEI: 529900NY2GSZWWUBW049       | Long             | EC               | CORP              | DE        |       128 | NS      | $17043.78     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Alten SA                               | Alten SA                                | CUSIP: N/A<br>LEI: 969500Y7G9TY7Y24GN07       | Long             | EC               | CORP              | FR        |        80 | NS      | $4845.35      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Melia Hotels International SA          | Melia Hotels International SA           | CUSIP: N/A<br>LEI: 959800JRKSZ6YZD4EL80       | Long             | EC               | CORP              | ES        |       512 | NS      | $5663.51      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcadis NV                             | Arcadis NV                              | CUSIP: N/A<br>LEI: 7245000UZH70GO047N03       | Long             | EC               | CORP              | NL        |       464 | NS      | $14705.81     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                              | Buzzi SpA                               | CUSIP: N/A<br>LEI: 5299003DX5YLKSVJ6K59       | Long             | EC               | CORP              | IT        |       272 | NS      | $13544.04     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bechtle AG                             | Bechtle AG                              | CUSIP: N/A<br>LEI: 529900HA2QT774RUXW59       | Long             | EC               | CORP              | DE        |       352 | NS      | $11864.07     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Alps Alpine Co Ltd                     | Alps Alpine Co Ltd                      | CUSIP: N/A<br>LEI: 529900PWNU4ASLY9VI90       | Long             | EC               | CORP              | JP        |       464 | NS      | $6087.07      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amano Corp                             | Amano Corp                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       192 | NS      | $4570.59      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brother Industries Ltd                 | Brother Industries Ltd                  | CUSIP: 114813108<br>LEI: 549300O5FACQ67KI6R92 | Long             | EC               | CORP              | JP        |      1104 | NS      | $19978.50     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Dowa Holdings Co Ltd                   | Dowa Holdings Co Ltd                    | CUSIP: N/A<br>LEI: 353800ZSQZKFE140A689       | Long             | EC               | CORP              | JP        |       272 | NS      | $14970.67     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology One Ltd                     | Technology One Ltd                      | CUSIP: N/A<br>LEI: 875500YEWBJIM91P9N12       | Long             | EC               | CORP              | AU        |       320 | NS      | $5925.84      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuda Denshi Co Ltd                   | Fukuda Denshi Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       144 | NS      | $8774.01      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Horiba Ltd                             | Horiba Ltd                              | CUSIP: N/A<br>LEI: 529900OOTWPYSNW0EC84       | Long             | EC               | CORP              | JP        |       128 | NS      | $14408.62     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| IGO Ltd                                | IGO Ltd                                 | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |      1552 | NS      | $8405.80      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Regis Resources Ltd                    | Regis Resources Ltd                     | CUSIP: N/A<br>LEI: 213800XH9YUXBLYBD749       | Long             | EC               | CORP              | AU        |      4672 | NS      | $21435.92     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Kurita Water Industries Ltd            | Kurita Water Industries Ltd             | CUSIP: N/A<br>LEI: 52990086GS2ON69UMX34       | Long             | EC               | CORP              | JP        |       224 | NS      | $10342.91     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeuchi Manufacturing Co Ltd          | Takeuchi Manufacturing Co Ltd           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       224 | NS      | $8722.60      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga & Co Ltd/Japan                | Morinaga & Co Ltd/Japan                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       288 | NS      | $4900.56      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NGK Corp                               | NGK Corp                                | CUSIP: N/A<br>LEI: 353800701BNCL25VYY16       | Long             | EC               | CORP              | JP        |       848 | NS      | $21250.09     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Nifco Inc/Japan                        | Nifco Inc/Japan                         | CUSIP: 654101104<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |       288 | NS      | $7968.29      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Shinyaku Co Ltd                 | Nippon Shinyaku Co Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       544 | NS      | $17526.05     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Nichirei Corp                          | Nichirei Corp                           | CUSIP: N/A<br>LEI: 529900MX3GPXXKO0MT06       | Long             | EC               | CORP              | JP        |       656 | NS      | $8140.84      | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisshin Seifun Group Inc               | Nisshin Seifun Group Inc                | CUSIP: N/A<br>LEI: 529900N4QFZS1P6PYX29       | Long             | EC               | CORP              | JP        |       512 | NS      | $6760.32      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nichias Corp                           | Nichias Corp                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       864 | NS      | $15714.29     | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeon Corp                              | Zeon Corp                               | CUSIP: N/A<br>LEI: 529900UEFURDYZ4F4U10       | Long             | EC               | CORP              | JP        |       896 | NS      | $9925.13      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| New Hope Corp Ltd                      | New Hope Corp Ltd                       | CUSIP: N/A<br>LEI: 254900DHRUGXZSLSNZ83       | Long             | EC               | CORP              | AU        |      1840 | NS      | $7452.01      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Codan Ltd                              | Codan Ltd                               | CUSIP: N/A<br>LEI: 9845005866EB809B5694       | Long             | EC               | CORP              | AU        |       256 | NS      | $5521.37      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ricoh Co Ltd                           | Ricoh Co Ltd                            | CUSIP: N/A<br>LEI: 549300HFIB2GRUMDID72       | Long             | EC               | CORP              | JP        |      1120 | NS      | $9269.53      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rinnai Corp                            | Rinnai Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       368 | NS      | $8484.37      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Chemical Co Ltd               | Sumitomo Chemical Co Ltd                | CUSIP: N/A<br>LEI: 353800RSAU9BD8U4DM91       | Long             | EC               | CORP              | JP        |     10224 | NS      | $32178.49     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Rubber Industries Ltd         | Sumitomo Rubber Industries Ltd          | CUSIP: N/A<br>LEI: 353800JD4V72SJ3EOX37       | Long             | EC               | CORP              | JP        |      1104 | NS      | $14062.17     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Steel Manufacturing Co L         | Tokyo Steel Manufacturing Co Ltd        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       592 | NS      | $6035.45      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Yokohama Rubber Co Ltd/The             | Yokohama Rubber Co Ltd/The              | CUSIP: N/A<br>LEI: 52990036XNWY2FMYWB76       | Long             | EC               | CORP              | JP        |       192 | NS      | $7042.20      | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Enagas SA                              | Enagas SA                               | CUSIP: N/A<br>LEI: 213800OU3FQKGM4M2U23       | Long             | EC               | CORP              | ES        |       704 | NS      | $13947.20     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                               | Hera SpA                                | CUSIP: N/A<br>LEI: 8156009414FD99443B48       | Long             | EC               | CORP              | IT        |      2288 | NS      | $10504.34     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Air Shuttle ASA              | Norwegian Air Shuttle ASA               | CUSIP: N/A<br>LEI: 549300IEUH2FEM2Y6B51       | Long             | EC               | CORP              | NO        |      6784 | NS      | $9962.77      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account  | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     12343 | NS      | $12343.44     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Azimut Holding SpA                     | Azimut Holding SpA                      | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |       432 | NS      | $16153.31     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Retail Group Ltd                 | Super Retail Group Ltd                  | CUSIP: N/A<br>LEI: 9845001C5140A8CK7D81       | Long             | EC               | CORP              | AU        |       576 | NS      | $5094.81      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CMB Tech NV                            | CMB Tech NV                             | CUSIP: N/A<br>LEI: 549300D80RYON74MEJ03       | Long             | EC               | CORP              | BE        |      1088 | NS      | $13757.83     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Bucher Industries AG                   | Bucher Industries AG                    | CUSIP: N/A<br>LEI: 52990014AQ91A29HPB27       | Long             | EC               | CORP              | CH        |        48 | NS      | $20860.43     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Implenia AG                            | Implenia AG                             | CUSIP: N/A<br>LEI: 52990006TKCUQQJ79B11       | Long             | EC               | CORP              | CH        |       128 | NS      | $9940.97      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplifon SpA                           | Amplifon SpA                            | CUSIP: N/A<br>LEI: ZYXJDNVM2JI3VBM8G556       | Long             | EC               | CORP              | IT        |       704 | NS      | $7647.36      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Protector Forsikring ASA               | Protector Forsikring ASA                | CUSIP: N/A<br>LEI: 5967007LIEEXZXAIO813       | Long             | EC               | CORP              | NO        |       160 | NS      | $7716.70      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hochschild Mining PLC                  | Hochschild Mining PLC                   | CUSIP: N/A<br>LEI: 549300JK10TVQ3CCJQ89       | Long             | EC               | CORP              | PE        |      1664 | NS      | $13148.67     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubisoft Entertainment SA               | Ubisoft Entertainment SA                | CUSIP: N/A<br>LEI: 969500I7C8V1LBIMSM05       | Long             | EC               | CORP              | FR        |       960 | NS      | $4255.40      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuoka Financial Group Inc            | Fukuoka Financial Group Inc             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       336 | NS      | $12476.28     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ANDRITZ AG                             | ANDRITZ AG                              | CUSIP: N/A<br>LEI: 549300VZKC61IR5U8G96       | Long             | EC               | CORP              | AT        |       208 | NS      | $14304.87     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fagron                                 | Fagron                                  | CUSIP: N/A<br>LEI: 549300TRKRUFK2RRG779       | Long             | EC               | CORP              | BE        |       384 | NS      | $9587.13      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Laboratorios Farmaceuticos Rov         | Laboratorios Farmaceuticos Rovi SA      | CUSIP: N/A<br>LEI: 95980020140005936480       | Long             | EC               | CORP              | ES        |        64 | NS      | $5973.46      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemring Group PLC                     | Chemring Group PLC                      | CUSIP: N/A<br>LEI: 213800U9A54VQJ5P2J41       | Long             | EC               | CORP              | GB        |       928 | NS      | $6239.73      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NCC AB                                 | NCC AB                                  | CUSIP: N/A<br>LEI: 213800WRGLW3CY4MHW53       | Long             | EC               | CORP              | SE        |       272 | NS      | $5941.87      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sulzer AG                              | Sulzer AG                               | CUSIP: N/A<br>LEI: 529900NZ6MAST5IJF669       | Long             | EC               | CORP              | CH        |       144 | NS      | $29642.82     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoneum Holding AG                    | Autoneum Holding AG                     | CUSIP: N/A<br>LEI: 549300FL07XZC5MNXS47       | Long             | EC               | CORP              | CH        |        32 | NS      | $4618.31      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                            | Italgas SpA                             | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |      6992 | NS      | $81059.87     | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Heijmans N.V               | Koninklijke Heijmans N.V                | CUSIP: N/A<br>LEI: 724500OUE3PCA809DZ79       | Long             | EC               | CORP              | NL        |       112 | NS      | $9916.32      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tieto Oyj                              | Tieto Oyj                               | CUSIP: N/A<br>LEI: 549300EW2KM4KROKQV31       | Long             | EC               | CORP              | FI        |       272 | NS      | $5879.14      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sopra Steria Group                     | Sopra Steria Group                      | CUSIP: N/A<br>LEI: 96950020QIOHAAK9V551       | Long             | EC               | CORP              | FR        |       128 | NS      | $17709.56     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd                 | Ramelius Resources Ltd                  | CUSIP: N/A<br>LEI: 254900E44AIGW7KKNR98       | Long             | EC               | CORP              | AU        |      4336 | NS      | $10979.26     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Basic-Fit NV                           | Basic-Fit NV                            | CUSIP: N/A<br>LEI: 724500HUXGTQC07CAZ61       | Long             | EC               | CORP              | NL        |       528 | NS      | $17966.99     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Wavestone                              | Wavestone                               | CUSIP: N/A<br>LEI: 969500GSN25I3B3X6F94       | Long             | EC               | CORP              | FR        |        96 | NS      | $5093.16      | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui Chemicals Inc                   | Mitsui Chemicals Inc                    | CUSIP: N/A<br>LEI: 353800H2UB5ZEZRZQC02       | Long             | EC               | CORP              | JP        |      1408 | NS      | $16488.25     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NHK Spring Co Ltd                      | NHK Spring Co Ltd                       | CUSIP: N/A<br>LEI: 35380033IJ3XRDV8VH57       | Long             | EC               | CORP              | JP        |       880 | NS      | $13440.79     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SSP Group Plc                          | SSP Group Plc                           | CUSIP: N/A<br>LEI: 213800QGNIWTXFMENJ24       | Long             | EC               | CORP              | GB        |      3136 | NS      | $7259.72      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Monte dei Paschi di Sien         | Banca Monte dei Paschi di Siena SpA     | CUSIP: N/A<br>LEI: J4CP7MHCXR8DAQMKIL78       | Long             | EC               | CORP              | IT        |      4144 | NS      | $35574.33     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SFS Group AG                           | SFS Group AG                            | CUSIP: N/A<br>LEI: 391200RQ38WAM4BJBO16       | Long             | EC               | CORP              | CH        |       192 | NS      | $28334.17     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Azelis Group NV                        | Azelis Group NV                         | CUSIP: N/A<br>LEI: 699400M9RRMTV264FM70       | Long             | EC               | CORP              | BE        |      1008 | NS      | $10113.09     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NOK Corp                               | NOK Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       480 | NS      | $8470.05      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| dip Corp                               | dip Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       368 | NS      | $4820.72      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Tire Corp                         | Toyo Tire Corp                          | CUSIP: N/A<br>LEI: 529900Y41RD7VQM9RF75       | Long             | EC               | CORP              | JP        |       800 | NS      | $18116.63     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Boshoku Corp                    | Toyota Boshoku Corp                     | CUSIP: N/A<br>LEI: 529900KS87U6EY7PWG26       | Long             | EC               | CORP              | JP        |      1072 | NS      | $16285.51     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuren Pharmaceuticals Ltd             | Neuren Pharmaceuticals Ltd              | CUSIP: N/A<br>LEI: 984500E48D0FDEE7CE63       | Long             | EC               | CORP              | AU        |       528 | NS      | $4302.31      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Open House Group Co Ltd                | Open House Group Co Ltd                 | CUSIP: N/A<br>LEI: 529900WQOGPBIJEHW865       | Long             | EC               | CORP              | JP        |       752 | NS      | $47407.20     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Betsson AB                             | Betsson AB                              | CUSIP: N/A<br>LEI: 549300W61XW8OFGBG077       | Long             | EC               | CORP              | SE        |       576 | NS      | $6096.69      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Inficon Holding AG                     | Inficon Holding AG                      | CUSIP: N/A<br>LEI: 5067008UT6890I0YM937       | Long             | EC               | CORP              | CH        |        96 | NS      | $11933.97     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TUI AG                                 | TUI AG                                  | CUSIP: N/A<br>LEI: 529900SL2WSPV293B552       | Long             | EC               | CORP              | DE        |      4544 | NS      | $34727.60     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordnet AB publ                        | Nordnet AB publ                         | CUSIP: N/A<br>LEI: 549300D6WW5ZTWLZ4C08       | Long             | EC               | CORP              | SE        |      1184 | NS      | $38146.55     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NTG Nordic Transport Group A/S         | NTG Nordic Transport Group A/S          | CUSIP: K7611N103<br>LEI: 529900PZWXV8JX89K947 | Long             | EC               | CORP              | DK        |       224 | NS      | $5557.38      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Perenti Ltd                            | Perenti Ltd                             | CUSIP: N/A<br>LEI: 25490044GUNE4S2E6K11       | Long             | EC               | CORP              | AU        |      6816 | NS      | $9170.27      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pluxee NV                              | Pluxee NV                               | CUSIP: N/A<br>LEI: 213800RQNIQT48SEEO85       | Long             | EC               | CORP              | FR        |      3024 | NS      | $36735.68     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Quants Research Institute Hold         | Quants Research Institute Holdings Inc  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      1456 | NS      | $5357.76      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gamma Communications PLC               | Gamma Communications PLC                | CUSIP: N/A<br>LEI: 213800LAQZXPRIZUEH50       | Long             | EC               | CORP              | GB        |       512 | NS      | $4811.52      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rusta AB                               | Rusta AB                                | CUSIP: N/A<br>LEI: 549300V512S3QMRNO618       | Long             | EC               | CORP              | SE        |      1168 | NS      | $11505.23     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Galenica AG                            | Galenica AG                             | CUSIP: N/A<br>LEI: 506700W4772BD8016Z20       | Long             | EC               | CORP              | CH        |       128 | NS      | $14543.27     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambea AB                               | Ambea AB                                | CUSIP: N/A<br>LEI: 549300AEVNZRHYI5HV24       | Long             | EC               | CORP              | SE        |       656 | NS      | $9188.64      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Scandinavian Tobacco Group A/S         | Scandinavian Tobacco Group A/S          | CUSIP: K8553U105<br>LEI: 5299003KG4JS99TRML67 | Long             | EC               | CORP              | DK        |       304 | NS      | $3202.13      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bravida Holding AB                     | Bravida Holding AB                      | CUSIP: N/A<br>LEI: 549300H88IJGPNNL3T61       | Long             | EC               | CORP              | SE        |       592 | NS      | $6153.48      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas AG                             | Douglas AG                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |       576 | NS      | $6644.41      | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Europris ASA                           | Europris ASA                            | CUSIP: N/A<br>LEI: 5967007LIEEXZXGA8G28       | Long             | EC               | CORP              | NO        |       592 | NS      | $5581.96      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** ETF Opportunities Trust

**Signature:** /s/ Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer