# EDGAR Filing Document

**Accession Number:** 0000908695
**File Stem:** 0001004726-25-003383
**Filing Date:** 2025-12
**Character Count:** 156407
**Document Hash:** f97e212ab0d3f0e12c2cccfb981edc57
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-003383.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001004726-25-003383

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260430

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07852
- **FILM NUMBER:** 251604479

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

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

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

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

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

## Series and Classes Contracts Data

### Victory Global Managed Volatility Fund (Formerly USAA Global Managed Volatility Fund) (Series ID: S000022882)

| Class ID   | Class Name                                                  | Ticker Symbol   |
|:---|:---|:---|
| C000066372 | Victory Global Managed Volatility Fund Institutional Shares | UGOFX           |
| C000129296 | Victory Global Managed Volatility Fund Shares               | UGMVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Antonio

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78256

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

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

- **a. Name of Series:** Victory Global Managed Volatility Fund

- **b. EDGAR series identifier (if any):** S000022882

- **c. LEI of Series:** 5493006MTEN1HWRZHP13

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**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:** $437947367.38

**Total Liabilities:** $2937295.80

**Net Assets:** $435010071.58

**Cash Not Reported:** $560623.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000129296 | 2.39%                | 2.84%                | 0.49%                |
| Class ID C000066372 | 2.42%                | 2.85%                | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12797128.40             | $-1785116.52                               |
| Month 2  | $9806.16                 | $12479083.47                               |
| Month 3  | $11576056.86             | $-9236587.27                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BANK LEUMI LE ISRAEL B.M.                                                 | BANK LEUMI LE ISRAEL BM                        | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |     18116 | NS      | $367969.73    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| CF INDUSTRIES HOLDINGS, INC.                                              | CF INDUSTRIES HOLDINGS INC                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |      4366 | NS      | $363644.14    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| ELECTRONIC ARTS INC.                                                      | ELECTRONIC ARTS INC                            | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     12106 | NS      | $2421926.36   | 0.56%             |  |  |  | No            | 1                  | On Loan: No      |
| KOBE BUSSAN CO., LTD.                                                     | KOBE BUSSAN CO LTD                             | CUSIP: N/A<br>LEI: 353800CJIFNHN2DXRD59       | Long             | EC               | CORP              | JP        |      9000 | NS      | $208864.02    | 0.05%             |  |  |  | No            | 2                  | On Loan: —       |
| NEXT PLC                                                                  | NEXT PLC                                       | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |      8923 | NS      | $1676298.46   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| PFIZER INC.                                                               | PFIZER INC                                     | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     23014 | NS      | $567295.10    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Coterra Energy Inc.                                                       | COTERRA ENERCOTERRA ENERGY INC                 | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     10265 | NS      | $242869.90    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| TATA CONSULTANCY SERVICES LIMITED                                         | TATA CONSULTANCY SERVICES LTD                  | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     29838 | NS      | $1026984.15   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| MCKESSON CORPORATION                                                      | MCKESSON CORP                                  | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      5835 | NS      | $4734168.90   | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| HDFC Asset Management Company Ltd                                         | HDFC ASSET MANAGEMENT CO LTD                   | CUSIP: N/A<br>LEI: 3358002FLK8AK8WSEP31       | Long             | EC               | CORP              | IN        |      5910 | NS      | $358003.44    | 0.08%             |  |  |  | Yes           | 2                  | On Loan: No      |
| RELIANCE, INC.                                                            | RELIANCE INC                                   | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      1334 | NS      | $376761.62    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| MSCI INC.                                                                 | MSCI INC COMMON                                | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      4177 | NS      | $2458373.35   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| STARBUCKS CORPORATION                                                     | STARBUCKS CORP                                 | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      4406 | NS      | $356313.22    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| DECKERS OUTDOOR CORPORATION                                               | DECKERS OUTDOOR CORP                           | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      3898 | NS      | $317687.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| STEEL DYNAMICS, INC.                                                      | STEEL DYNAMICS INC                             | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |      3251 | NS      | $509756.80    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| EXPEDIA GROUP, INC.                                                       | EXPEDIA GROUP INC                              | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9740 | NS      | $2142800.00   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Alibaba Group Holding Limited                                             | ALIBABA GROUP HOLDING LTD                      | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |     23300 | NS      | $495816.89    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| E.ON SE                                                                   | E ON SE                                        | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |     11661 | NS      | $216940.45    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| EMCOR GROUP, INC.                                                         | EMCOR GROUP INC                                | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      3377 | NS      | $2282109.06   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| HERO MOTOCORP LIMITED                                                     | HERO MOTOCORP LTD                              | CUSIP: N/A<br>LEI: 335800Q49FBMZJTRLK49       | Long             | EC               | CORP              | IN        |      7339 | NS      | $458128.66    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| ISUZU MOTORS LIMITED                                                      | ISUZU MOTORS LTD                               | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |     14100 | NS      | $173033.43    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| LOEWS CORPORATION                                                         | LOEWS CORP                                     | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      4430 | NS      | $441050.80    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Boerse Aktiengesellschaft                                        | DEUTSCHE BOERSE AG                             | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |       389 | NS      | $98497.41     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| D'IETEREN GROUP SA                                                        | D IETEREN GROUP                                | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |      1820 | NS      | $332420.72    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| GEORGE WESTON LIMITEE.                                                    | GEORGE WESTON LIMITED                          | CUSIP: 961148509<br>LEI: 549300FAHC3L1QKNT280 | Long             | EC               | CORP              | CA        |     11848 | NS      | $720477.35    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                            | GLDMN SCHS FIN SQ GV-FST                       | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    612835 | NS      | $612834.65    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| SBI Holdings, Inc.                                                        | SBI HOLDINGS INC JAPAN                         | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |      6600 | NS      | $294972.64    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| Gold Fields Limited                                                       | GOLD FIELDS LTD                                | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |      7955 | NS      | $306795.01    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| CENCORA, INC.                                                             | CENCORA INC                                    | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1635 | NS      | $552319.35    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| THE ALLSTATE CORPORATION                                                  | ALLSTATE CORP THE                              | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      2356 | NS      | $451221.12    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| LAM RESEARCH CORPORATION                                                  | LAM RESEARCH CORP                              | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     34070 | NS      | $5364662.20   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| MonotaRO Co Ltd                                                           | MONOTARO CO LTD                                | CUSIP: N/A<br>LEI: 5299005JUER5ANXWTC33       | Long             | EC               | CORP              | JP        |     13100 | NS      | $182796.23    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| INTERNATIONAL BUSINESS MACHINES CORPORATION                               | INTERNATIONAL BUSINESS MACHINES CORP           | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      3265 | NS      | $1003693.65   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| TORRENT PHARMACEUTICALS LTD                                               | TORRENT PHARMACEUTICALS LTD                    | CUSIP: N/A<br>LEI: 335800NA6HK275RIJE13       | Long             | EC               | CORP              | IN        |      6178 | NS      | $247772.39    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| BRAMBLES LIMITED                                                          | BRAMBLES LTD                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     92049 | NS      | $1495297.45   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| COMPUTERSHARE LIMITED                                                     | COMPUTERSHARE LTD                              | CUSIP: N/A<br>LEI: 21380085HOKTMGLV9G93       | Long             | EC               | CORP              | AU        |     24992 | NS      | $596864.75    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| SAFRAN SA                                                                 | SAFRAN SA                                      | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      3733 | NS      | $1326229.00   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Pro Medicus Ltd                                                           | PRO MEDICUS LTD                                | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |       630 | NS      | $108140.89    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| W. R. BERKLEY CORPORATION                                                 | WR BERKLEY CORP                                | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     23571 | NS      | $1681555.14   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| WELLS FARGO & COMPANY                                                     | WELLS FARGO CO                                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      7309 | NS      | $635663.73    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| T-MOBILE US, INC.                                                         | T MOBILE US INC                                | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      2013 | NS      | $422830.65    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| WEG S.A.                                                                  | WEG SA                                         | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |     55700 | NS      | $435916.64    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Info Service Public Company Limited                              | ADVANCED INFO SERVICE PCL                      | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78       | Long             | EC               | CORP              | TH        |     67500 | NS      | $630596.82    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                                          | DEUTSCHE BANK AG                               | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |     10127 | NS      | $362500.67    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Rheinmetall Aktiengesellschaft                                            | RHEINMETALL AG                                 | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       336 | NS      | $660416.68    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| IDEXX LABORATORIES, INC.                                                  | IDEXX LABORATORIES INC                         | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      3142 | NS      | $1977920.42   | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| RECKITT BENCKISER GROUP PLC                                               | RECKITT BENCKISER GROUP PLC                    | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |     10728 | NS      | $820454.86    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| BANQUE CANADIENNE IMPERIALE DE COMMERCE                                   | CANADIAN IMPERIAL BANK OF COMM                 | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |      3833 | NS      | $317621.88    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| HOYA CORPORATION                                                          | HOYA CORP                                      | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      9900 | NS      | $1608285.60   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| HP INC.                                                                   | HP INC                                         | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     15293 | NS      | $423157.31    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| TENARIS S.A.                                                              | TENARIS SA                                     | CUSIP: N/A<br>LEI: 549300Y7C05BKC4HZB40       | Long             | EC               | CORP              | LU        |      9829 | NS      | $195324.36    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| WELLTOWER INC.                                                            | WELLTOWER INC                                  | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      3451 | NS      | $624769.04    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| RATIONAL Aktiengesellschaft                                               | RATIONAL AG                                    | CUSIP: N/A<br>LEI: 529900K139N6UFJ1A758       | Long             | EC               | CORP              | DE        |       261 | NS      | $191444.01    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| GILEAD SCIENCES, INC.                                                     | GILEAD SCIENCES INC                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     30667 | NS      | $3673599.93   | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Zurich Insurance Group AG                                                 | ZURICH INSURANCE GROUP AG                      | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |       166 | NS      | $115469.71    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| SK hynix Inc.                                                             | SK HYNIX INC                                   | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      1490 | NS      | $579850.95    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| Evergy, Inc.                                                              | EVERGY INC                                     | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |      5566 | NS      | $427524.46    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| SITC International Holdings Co Ltd                                        | SITC INTERNATIONAL HOLDINGS CO LTD             | CUSIP: N/A<br>LEI: 529900JUV4MOM9CE3V12       | Long             | EC               | CORP              | KY        |    126000 | NS      | $464919.00    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| KB Financial Group Inc.                                                   | KB FINANCIAL GROUP INC                         | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |      2784 | NS      | $227307.79    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| BEST BUY CO., INC.                                                        | BEST BUY CO INC                                | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      1368 | NS      | $112367.52    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Novartis AG                                                               | NOVARTIS AG                                    | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     25797 | NS      | $3193274.68   | 0.73%             |  |  |  | No            | 2                  | On Loan: No      |
| LES COMPAGNIES LOBLAW LIMITEE                                             | LOBLAW COMPANIES LTD                           | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     37967 | NS      | $1509042.06   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Heidelberg Materials AG                                                   | HEIDELBERG MATERIALS AG                        | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      2083 | NS      | $488614.89    | 0.11%             |  |  |  | No            | 2                  | On Loan: —       |
| CTS Eventim AG & Co. KGaA                                                 | CTS EVENTIM AG CO KGAA                         | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |      3757 | NS      | $336550.48    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Wolters Kluwer N.V.                                                       | WOLTERS KLUWER NV                              | CUSIP: N/A<br>LEI: 724500TEM53I0U077B74       | Long             | EC               | CORP              | NL        |     10370 | NS      | $1271045.00   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| HYUNDAI ROTEM COMPANY                                                     | HYUNDAI ROTEM CO LTD                           | CUSIP: Y3R36Z108<br>LEI: 988400HB939UNHXTFY36 | Long             | EC               | CORP              | KR        |      4033 | NS      | $651691.68    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| ALPHABET INC.                                                             | ALPHABET INC CLASS C                           | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     43131 | NS      | $12155178.42  | 2.79%             |  |  |  | No            | 1                  | On Loan: No      |
| ANGLOGOLD ASHANTI PLC                                                     | ANGLOGOLD ASHANTI PLC                          | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |      3738 | NS      | $256359.49    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO.                                                      | JPMORGAN CHASE CO                              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      5249 | NS      | $1633068.88   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| BOUYGUES SA                                                               | BOUYGUES                                       | CUSIP: N/A<br>LEI: 969500MOCLNQFNZN0D63       | Long             | EC               | CORP              | FR        |      2939 | NS      | $132643.46    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| GE VERNOVA INC.                                                           | GE VERNOVA LLC                                 | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1197 | NS      | $700412.58    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| EXELON CORPORATION                                                        | EXELON CORP                                    | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      6576 | NS      | $303285.12    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Chubu Electric Power Company, Incorporated                                | CHUBU ELECTRIC POWER CO INC                    | CUSIP: N/A<br>LEI: 529900A76GOP0PGNHT63       | Long             | EC               | CORP              | JP        |      9400 | NS      | $130731.06    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                              | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             |  | CORP              | TW        |      9092 | NS      | $2731509.56   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| DOMINO'S PIZZA, INC.                                                      | DOMINO S PIZZA INC                             | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      1727 | NS      | $688140.42    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| NETFLIX, INC.                                                             | NETFLIX INC                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1686 | NS      | $1886397.96   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| THE KROGER CO.                                                            | KROGER CO THE                                  | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      6718 | NS      | $427466.34    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| PALO ALTO NETWORKS, INC.                                                  | PALO ALTO NETWORKS INC                         | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2716 | NS      | $598171.84    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| JABIL INC.                                                                | JABIL INC                                      | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      2187 | NS      | $483086.43    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| THE TJX COMPANIES, INC.                                                   | TJX COS INC                                    | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     28848 | NS      | $4042758.72   | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| JOHNSON & JOHNSON                                                         | JOHNSON JOHNSON                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      4598 | NS      | $868424.26    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| COSTCO WHOLESALE CORPORATION                                              | COSTCO WHOLESALE CORP                          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      4825 | NS      | $4397746.25   | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPITEC BANK HOLDINGS LIMITED                                             | CAPITEC BANK HOLDINGS LTD                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |      4476 | NS      | $990566.36    | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| Talanx Aktiengesellschaft                                                 | TALANX AG                                      | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |      7615 | NS      | $927166.63    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| TOYOTA TSUSHO CORPORATION                                                 | TOYOTA TSUSHO CORPORATION                      | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |     12800 | NS      | $391298.49    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| MercadoLibre, Inc.                                                        | MERCADOLIBRE INC                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1281 | NS      | $2981220.06   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| EBAY INC.                                                                 | EBAY INC                                       | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      2660 | NS      | $216284.60    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| PT Bank Mandiri (Persero) Tbk                                             | PT BANK MANDIRI PERSERO TBK                    | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   2076800 | NS      | $588562.50    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| KBC GROEP NV                                                              | KBC GROUP NV                                   | CUSIP: N/A<br>LEI: 213800X3Q9LSAKRUWY91       | Long             | EC               | CORP              | BE        |      3228 | NS      | $388307.74    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| BOOKING HOLDINGS INC.                                                     | BOOKING HOLDINGS INC                           | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       943 | NS      | $4788308.82   | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| ABBVIE INC.                                                               | ABBVIE INC                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     21508 | NS      | $4689604.32   | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD.                                    | CHECK POINT SOFTWARE TECHNOLOGIES              | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |      6179 | NS      | $1209106.72   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERIPRISE FINANCIAL, INC.                                                | AMERIPRISE FINANCIAL INC                       | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      6276 | NS      | $2841584.52   | 0.65%             |  |  |  | No            | 1                  | On Loan: No      |
| BYD COMPANY LIMITED                                                       | BYD CO LTD                                     | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |     59900 | NS      | $773941.89    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| GLENCORE PLC                                                              | GLENCORE PLC                                   | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |     49247 | NS      | $235886.55    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| OTP Bank Nyrt.                                                            | OTP BANK PLC                                   | CUSIP: N/A<br>LEI: 529900W3MOO00A18X956       | Long             | EC               | CORP              | HU        |      4180 | NS      | $399364.52    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| Hannover Rueck SE                                                         | HANNOVER RUECK SE                              | CUSIP: N/A<br>LEI: 529900KIN5BE45V5KB18       | Long             | EC               | CORP              | DE        |      2709 | NS      | $773259.52    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| ARISTA NETWORKS, INC.                                                     | ARISTA NETWORKS INC                            | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     12227 | NS      | $1928075.63   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Allianz SE                                                                | ALLIANZ SE                                     | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |       476 | NS      | $191251.48    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| DAVITA INC.                                                               | DAVITA INC                                     | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |       579 | NS      | $68912.58     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| INTERNATIONAL CONTAINER TERMINAL SERVICES, INC.                           | INTERNATIONAL CONTAINER TERMINAL SERVICES INC  | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |     67390 | NS      | $607919.60    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| MARATHON PETROLEUM CORPORATION                                            | MARATHON PETROLEUM CORP                        | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      1410 | NS      | $274823.10    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| AGRICULTURAL BANK OF CHINA LIMITED                                        | AGRICULTURAL BANK OF CHINA LTD                 | CUSIP: N/A<br>LEI: 549300E7TSGLCOVSY746       | Long             | EC               | CORP              | CN        |    417000 | NS      | $318134.06    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| HSBC US GOVERNMENT MONEY MARKET FUND                                      | HSBC US GOVT MMKT-I                            | CUSIP: 40428X107<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    612835 | NS      | $612834.65    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| TATA STEEL LIMITED                                                        | TATA STEEL LTD                                 | CUSIP: N/A<br>LEI: 335800E6C75YGSGD5T66       | Long             | EC               | CORP              | IN        |     63944 | NS      | $131605.25    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| FORTESCUE LTD                                                             | FORTESCUE LTD                                  | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |     27708 | NS      | $385223.28    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| INTERACTIVE BROKERS GROUP, INC.                                           | INTERACTIVE BROKERS GROUP INC                  | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     16065 | NS      | $1130333.40   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| FAST RETAILING CO., LTD.                                                  | FAST RETAILING CO LTD                          | CUSIP: N/A<br>LEI: 353800ZCXKHDPY0N5218       | Long             | EC               | CORP              | JP        |      2800 | NS      | $1028068.69   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                           | UNITEDHEALTH GROUP INC                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1628 | NS      | $556059.68    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| TE CONNECTIVITY PUBLIC LIMITED COMPANY                                    | TE CONNECTIVITY PLC                            | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      9737 | NS      | $2405136.37   | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| MEDIBANK PRIVATE LIMITED                                                  | MEDIBANK PRIVATE LTD                           | CUSIP: N/A<br>LEI: BDYVSUPTML83OLINBJ17       | Long             | EC               |  | AU        |    255439 | NS      | $814980.80    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| GENERAL MOTORS COMPANY                                                    | GENERAL MOTORS CO                              | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     10162 | NS      | $702092.58    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| VERTIV HOLDINGS CO                                                        | VERTIV HOLDINGS CO                             | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      8494 | NS      | $1638152.84   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| SUZUKI MOTOR CORPORATION                                                  | SUZUKI MOTOR CO                                | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |     17300 | NS      | $258302.98    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| ADVANTEST CORPORATION                                                     | ADVANTEST CORP                                 | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      4000 | NS      | $599060.92    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| SEI INVESTMENTS COMPANY                                                   | SEI INVESTMENTS CO                             | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      2672 | NS      | $215389.92    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Iberdrola, S.A.                                                           | IBERDROLA SA                                   | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     19855 | NS      | $402333.35    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| WESFARMERS LIMITED                                                        | WESFARMERS LTD                                 | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |     10750 | NS      | $589843.01    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| AMGEN INC.                                                                | AMGEN INC                                      | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      1127 | NS      | $336330.61    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| IMPERIAL BRANDS PLC                                                       | IMPERIAL BRANDS PLC                            | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     53983 | NS      | $2144663.33   | 0.49%             |  |  |  | No            | 2                  | On Loan: No      |
| EIFFAGE SA                                                                | EIFFAGE SA                                     | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |      1483 | NS      | $182458.80    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Aeroportuario del Centro Norte S.A.B. de C.V.                       | GRUPO AEROPORTUARIO DEL CENTRO NORTE SAB DE CV | CUSIP: N/A<br>LEI: 529900HUSBARAFSXJ605       | Long             | EC               | CORP              | MX        |     15590 | NS      | $192136.96    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| KINROSS GOLD CORPORATION                                                  | KINROSS GOLD CORP                              | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |      6992 | NS      | $162634.80    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Cenovus Energy Inc.                                                       | CENOVUS ENERGY INC                             | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |     22402 | NS      | $378584.85    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Realtek Semiconductor Corp.                                               | REALTEK SEMICONDUCTOR CORP                     | CUSIP: N/A<br>LEI: 5299002E7F36O00MYY75       | Long             | EC               | CORP              | TW        |     44000 | NS      | $734812.68    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| ENEL - SPA                                                                | ENEL SPA                                       | CUSIP: N/A<br>LEI: WOCMU6HCI0OJWNPRZS33       | Long             | EC               | CORP              | IT        |     35931 | NS      | $363421.55    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO                                     | INVESCO GVT & AGNCY-INST                       | CUSIP: 825252885<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    612835 | NS      | $612834.65    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| THE CIGNA GROUP                                                           | CIGNA GROUP THE                                | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1636 | NS      | $399854.76    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| ZOETIS INC.                                                               | ZOETIS INC                                     | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     21771 | NS      | $3136983.39   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| WH GROUP LIMITED                                                          | WH GROUP LTD                                   | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | KY        |    658500 | NS      | $633450.66    | 0.15%             |  |  |  | Yes           | 2                  | On Loan: No      |
| WIX.COM LTD                                                               | WIX COM LTD                                    | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      2425 | NS      | $352934.50    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Endesa, Sociedad Anonima                                                  | ENDESA SA                                      | CUSIP: N/A<br>LEI: 549300LHK07F2CHV4X31       | Long             | EC               | CORP              | ES        |      7671 | NS      | $274969.30    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| GEELY AUTOMOBILE HOLDINGS LIMITED                                         | GEELY AUTOMOBILE HOLDINGS LTD                  | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | KY        |    203000 | NS      | $481600.54    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| SGS SA                                                                    | SGS SA                                         | CUSIP: N/A<br>LEI: 2138007JNS19JHNA2336       | Long             | EC               | CORP              | CH        |      3768 | NS      | $424995.79    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| KLA CORPORATION                                                           | KLA CORP                                       | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2696 | NS      | $3258763.04   | 0.75%             |  |  |  | No            | 1                  | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL, INC                                          | FIDELITY NATIONAL FINANCIAL                    | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      6287 | NS      | $347293.88    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| MatsukiyoCocokara & Co.                                                   | MATSUKIYOCOCOKARA CO                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     18900 | NS      | $342467.10    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| ARC RESOURCES LTD                                                         | ARC RESOURCES LTD                              | CUSIP: 00208D408<br>LEI: 5493000OCGNQZEVTDT08 | Long             | EC               | CORP              | CA        |     31555 | NS      | $582093.45    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| INTERGLOBE AVIATION LIMITED                                               | INTERGLOBE AVIATION LTD                        | CUSIP: N/A<br>LEI: 33580079R8SLLO23XD19       | Long             | EC               | CORP              | IN        |     10949 | NS      | $693753.29    | 0.16%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft Aktiengesellschaft in Muenchen | MUENCHENER RUECKVERSICHERUNGS GESELLSCHAFT AG  | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |       172 | NS      | $106401.37    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| ENGIE SA                                                                  | ENGIE                                          | CUSIP: N/A<br>LEI: LAXUQCHT4FH58LRZDY46       | Long             | EC               | CORP              | FR        |     29420 | NS      | $688718.56    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| FDJ UNITED                                                                | FDJ UNITED                                     | CUSIP: N/A<br>LEI: 969500R4CLSQFTYYI535       | Long             | EC               | CORP              | FR        |     10415 | NS      | $303423.02    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| TECHTRONIC INDUSTRIES COMPANY LIMITED                                     | TECHTRONIC INDUSTRIES CO                       | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |     76500 | NS      | $892336.66    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| MANULIFE FINANCIAL CORPORATION                                            | MANULIFE FINANCIAL CORP                        | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |      8275 | NS      | $267828.19    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| BRITANNIA INDUSTRIES LTD                                                  | BRITANNIA INDUSTRIES LTD                       | CUSIP: N/A<br>LEI: 335800RRN5EVHNNAXN80       | Long             | EC               | CORP              | IN        |      8762 | NS      | $576017.94    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| iA Societe Financiere Inc.                                                | IA FINANCIAL CORP INC                          | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |      2261 | NS      | $266921.82    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| THE PROGRESSIVE CORPORATION                                               | PROGRESSIVE CORP                               | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     16496 | NS      | $3398176.00   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| DELTA AIR LINES, INC.                                                     | DELTA AIR LINES INC                            | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |      3904 | NS      | $224011.52    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| APPLIED MATERIALS, INC.                                                   | APPLIED MATERIALS INC                          | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      8157 | NS      | $1901396.70   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Recruit Holdings Co.,Ltd.                                                 | RECRUIT HOLDINGS CO LTD                        | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     19100 | NS      | $947252.46    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| PRESIDENT CHAIN STORE CORPORATION                                         | PRESIDENT CHAIN STORE CORP                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     32000 | NS      | $247831.43    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| BOC HONG KONG (HOLDINGS) LIMITED                                          | BOC HONG KONG HOLDINGS LTD                     | CUSIP: N/A<br>LEI: 254900JB98W77JDJMW15       | Long             | EC               | CORP              | HK        |    297500 | NS      | $1461896.93   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| THALES SA                                                                 | THALES SA                                      | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |      2096 | NS      | $597601.72    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Fujikura Ltd.                                                             | FUJIKURA LTD                                   | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |      2300 | NS      | $313240.90    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| EQUINOR ASA                                                               | EQUINOR ASA                                    | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |      4290 | NS      | $102794.17    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| PAYCHEX, INC.                                                             | PAYCHEX INC                                    | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      1996 | NS      | $233591.88    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| ABB Ltd                                                                   | ABB LIMITED                                    | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     15501 | NS      | $1152675.71   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| CARDINAL HEALTH, INC.                                                     | CARDINAL HEALTH INC                            | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      8682 | NS      | $1656265.14   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| GARTNER, INC.                                                             | GARTNER INC                                    | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      4197 | NS      | $1042282.98   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| VIPSHOP HOLDINGS LIMITED                                                  | VIPSHOP HOLDINGS LTD ADR                       | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             |  | CORP              | KY        |     32876 | NS      | $575001.24    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| China Life Insurance Company Limited                                      | CHINA LIFE INSURANCE CO                        | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |    105000 | NS      | $331131.43    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Koninklijke Ahold Delhaize N.V.                                           | KONINKLIJKE AHOLD DELHAIZE NV                  | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |      8801 | NS      | $360088.19    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| KONE Oyj                                                                  | KONE OYJ                                       | CUSIP: N/A<br>LEI: 2138001CNF45JP5XZK38       | Long             | EC               | CORP              | FI        |     27360 | NS      | $1827764.36   | 0.42%             |  |  |  | No            | 2                  | On Loan: No      |
| Petroleo Brasileiro S.A. (Petrobras)                                      | PETROLEO BRASILEIRO SA                         | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EC               | CORP              | BR        |    187200 | NS      | $1035282.75   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ASICS Corporation                                                         | ASICS CORP                                     | CUSIP: N/A<br>LEI: 3538002LJMRZ83SU0B85       | Long             | EC               | CORP              | JP        |     23600 | NS      | $601032.31    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| Pandora A/S                                                               | PANDORA A S                                    | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |      4726 | NS      | $632472.57    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS COMPANY                                                  | AMERICAN EXPRESS CO                            | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      2052 | NS      | $740217.96    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Trend Micro Incorporated                                                  | TREND MICRO INC JAPAN                          | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               | CORP              | JP        |     10000 | NS      | $510390.61    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| AUTOMATIC DATA PROCESSING, INC.                                           | AUTOMATIC DATA PROCESSING INC                  | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     11946 | NS      | $3109543.80   | 0.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Altria Group, Inc.                                                        | ALTRIA GROUP INC                               | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     87321 | NS      | $4923157.98   | 1.13%             |  |  |  | No            | 1                  | On Loan: No      |
| GSK PLC                                                                   | GSK PLC                                        | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     68620 | NS      | $1606395.90   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| AMERICAN TOWER CORPORATION                                                | AMERICAN TOWER CORP REIT                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      2046 | NS      | $366193.08    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| CISCO SYSTEMS, INC.                                                       | CISCO SYSTEMS INC                              | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     15008 | NS      | $1097234.88   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| CHINA PACIFIC INSURANCE (GROUP) CO., LTD.                                 | CHINA PACIFIC INSURANCE GROUP CO LTD           | CUSIP: N/A<br>LEI: 529900BA5ILEL308WX03       | Long             | EC               | CORP              | CN        |    147400 | NS      | $597594.02    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| BRITISH AMERICAN TOBACCO P.L.C.                                           | BRITISH AMERICAN TOBACCO PLC                   | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |      4707 | NS      | $241036.19    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| Coca-Cola HBC AG                                                          | COCA COLA HBC AG                               | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |     17442 | NS      | $791368.45    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| SANTANDER BANK POLSKA SPOLKA AKCYJNA                                      | SANTANDER BANK POLSKA SA                       | CUSIP: N/A<br>LEI: 259400LGXW3K0GDAG361       | Long             | EC               | CORP              | PL        |      3585 | NS      | $472310.55    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| LUKOIL PJSC                                                               | LUKOIL PJSC                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |     34009 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| RIO TINTO PLC                                                             | RIO TINTO PLC                                  | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |      5427 | NS      | $391175.17    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| AUTODESK, INC.                                                            | AUTODESK INC                                   | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      7212 | NS      | $2173264.08   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| ALPHABET INC.                                                             | ALPHABET INC CLASS A                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     24580 | NS      | $6911650.20   | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| JD.COM, INC.                                                              | JD COM INC                                     | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |     10100 | NS      | $166758.27    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| BOSIDENG INTERNATIONAL HOLDINGS LIMITED                                   | BOSIDENG INTERNATIONAL HOLDINGS LTD            | CUSIP: N/A<br>LEI: 254900G7F1RDM4B3S169       | Long             | EC               | CORP              | KY        |    464000 | NS      | $283940.79    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| NOVO NORDISK A/S                                                          | NOVO NORDISK                                   | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     11179 | NS      | $550441.56    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| APPLE INC.                                                                | APPLE INC                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     65954 | NS      | $17831982.98  | 4.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Geberit AG                                                                | GEBERIT AG                                     | CUSIP: N/A<br>LEI: 52990093Z5OHD6T7BS47       | Long             | EC               | CORP              | CH        |      2194 | NS      | $1604165.21   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Bradesco S.A.                                                       | BANCO BRADESCO SA                              | CUSIP: P1808G109<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |    341300 | NS      | $981505.56    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                              | TAIWAN SEMICONDUCTOR MANUFACTU                 | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     32000 | NS      | $1547660.36   | 0.36%             |  |  |  | No            | 2                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CORPORATION                                         | CAPITAL ONE FINANCIAL CORP                     | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      2996 | NS      | $659090.04    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPCOM CO., LTD.                                                          | CAPCOM CO LTD                                  | CUSIP: N/A<br>LEI: 529900JJWQKXS3TC8744       | Long             | EC               | CORP              | JP        |     18800 | NS      | $490990.04    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| Industria de Diseno Textil, S.A.                                          | INDUSTRIA DE DISENO TEXTIL SA INDITEX          | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |     27866 | NS      | $1538569.08   | 0.35%             |  |  |  | No            | 2                  | On Loan: —       |
| ASML Holding N.V.                                                         | ASML HOLDING N V                               | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      1504 | NS      | $1589984.34   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| VEDANTA LIMITED                                                           | VEDANTA LTD                                    | CUSIP: N/A<br>LEI: 335800XDKX9KB5EMCO07       | Long             | EC               | CORP              | IN        |     87919 | NS      | $488113.55    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| COMPASS GROUP PLC                                                         | COMPASS GROUP PLC                              | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |      8117 | NS      | $268632.09    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| KIA CORPORATION                                                           | KIA CORP                                       | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     17507 | NS      | $1468720.04   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| M&T BANK CORPORATION                                                      | M T BANK CORP                                  | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      1956 | NS      | $359649.72    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED                           | INDUSTRIAL COMMERCIAL BANK OF CHINA LTD        | CUSIP: N/A<br>LEI: 5493002ERZU2K9PZDL40       | Long             | EC               | CORP              | CN        |    518000 | NS      | $401363.94    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| The People's Insurance Company (Group) of China Limited                   | PEOPLE S INSURANCE CO GROUP OF CHINA LTD THE   | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |    598000 | NS      | $537093.80    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokyo Electron Limited                                                    | TOKYO ELECTRON LTD                             | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      2500 | NS      | $551247.05    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| MONSTER BEVERAGE CORPORATION                                              | MONSTER BEVERAGE CORP                          | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     19820 | NS      | $1324570.60   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Elisa Oyj                                                                 | ELISA OYJ                                      | CUSIP: N/A<br>LEI: 743700TU2S3DXWGU7H32       | Long             | EC               | CORP              | FI        |     12932 | NS      | $569763.40    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| INFOSYS LIMITED                                                           | INFOSYS LIMITED                                | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     70322 | NS      | $1171778.14   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| MediaTek Inc.                                                             | MEDIATEK INC                                   | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     27000 | NS      | $1145166.18   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| CONSTELLATION SOFTWARE INC CANADA                                         | CONSTELLATION SOFTWARE INC CANADA              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |      1403 | NS      | $0.00         | 0.00%             |  |  |  | No            | 3                  | On Loan: No      |
| EOG RESOURCES, INC.                                                       | EOG RESOURCES INC                              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     33838 | NS      | $3581413.92   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| MASTERCARD INCORPORATED.                                                  | MASTERCARD INC CLASS A                         | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     10409 | NS      | $5745663.91   | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| T. ROWE PRICE GROUP, INC.                                                 | T ROWE PRICE GROUP INC                         | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |       893 | NS      | $91559.29     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| DROPBOX, INC.                                                             | DROPBOX INC                                    | CUSIP: 26210C104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3063 | NS      | $88827.00     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| LEIDOS HOLDINGS, INC.                                                     | LEIDOS HOLDINGS INC                            | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      3097 | NS      | $589885.59    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Accton Technology Corp.                                                   | ACCTON TECHNOLOGY CORP                         | CUSIP: N/A<br>LEI: 529900M1YRZ0GWMDF920       | Long             | EC               | CORP              | TW        |     14000 | NS      | $486921.26    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| HERMES INTERNATIONAL S.C.A.                                               | HERMES INTERNATIONAL                           | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |       223 | NS      | $551731.85    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| PALANTIR TECHNOLOGIES INC.                                                | PALANTIR TECHNOLOGIES INC                      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      5327 | NS      | $1067903.69   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Pepsico, Inc.                                                             | PEPSICO INC                                    | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      7144 | NS      | $1043666.96   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| VERISIGN, INC.                                                            | VERISIGN INC                                   | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      2063 | NS      | $494707.40    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Holcim AG                                                                 | HOLCIM LTD                                     | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      1741 | NS      | $154805.85    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| THE SAGE GROUP PLC.                                                       | THE SAGE GROUP PLC                             | CUSIP: N/A<br>LEI: 2138005RN5XYLTF8G138       | Long             | EC               | CORP              | GB        |     57862 | NS      | $874477.95    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC                                         | INTERCONTINENTAL HOTELS GROUP PLC              | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      9255 | NS      | $1116241.51   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| TATNEFT PJSC                                                              | TATNEFT PJSC                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |     90761 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ACS, Actividades de Construccion y Servicios, S.A.                        | ACS ACTIVIDADES DE CONSTRUCCION Y SERVICIOS SA | CUSIP: N/A<br>LEI: 95980020140005558665       | Long             | EC               | CORP              | ES        |      2282 | NS      | $187349.58    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| YUM! Brands, Inc.                                                         | YUM BRANDS INC                                 | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      9307 | NS      | $1286320.47   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Fujitsu Limited                                                           | FUJITSU LTD                                    | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |     48200 | NS      | $1256276.11   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| CENTRICA PLC                                                              | CENTRICA PLC                                   | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |    298501 | NS      | $703404.99    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LIMITED                                     | SUN PHARMACEUTICAL INDUSTRIES LTD              | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |     10845 | NS      | $206748.22    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| Ping An Insurance (Group) Company of China, Ltd.                          | PING AN INSURANCE GROUP CO OF CHINA LTD        | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |     25500 | NS      | $184228.75    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Norsk Hydro ASA                                                           | NORSK HYDRO ASA                                | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |     17717 | NS      | $119827.13    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| ADVANTECH Co., Ltd.                                                       | ADVANTECH CO LTD                               | CUSIP: N/A<br>LEI: 2549002OSTKE9HB9IY03       | Long             | EC               | CORP              | TW        |     20295 | NS      | $206164.06    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| MARICO LIMITED                                                            | MARICO LTD                                     | CUSIP: N/A<br>LEI: 3358003SFDQFGJPC5O84       | Long             | EC               | CORP              | IN        |     31505 | NS      | $255400.26    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| FASTENAL COMPANY                                                          | FASTENAL CO                                    | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     48138 | NS      | $1980878.70   | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| ORANGE SA                                                                 | ORANGE SA                                      | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |     18424 | NS      | $294678.30    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| CREDICORP LTD.                                                            | CREDICORP LTD                                  | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |       482 | NS      | $125802.00    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| BHP GROUP LIMITED                                                         | BHP GROUP LIMITED                              | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |     15894 | NS      | $452970.27    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                     | BANCO BILBAO VIZCAYA ARGENTARIA SA             | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |    138309 | NS      | $2786016.98   | 0.64%             |  |  |  | No            | 2                  | On Loan: No      |
| GENERAL ELECTRIC COMPANY                                                  | GENERAL ELECTRIC CO                            | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      2116 | NS      | $653738.20    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| BP P.L.C.                                                                 | BP PLC                                         | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    143596 | NS      | $841178.70    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| BHARTI AIRTEL LIMITED                                                     | BHARTI AIRTEL LTD                              | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |      7538 | NS      | $174561.23    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| PAYPAL HOLDINGS, INC.                                                     | PAYPAL HOLDINGS INC                            | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      6450 | NS      | $446791.50    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| AT&T INC.                                                                 | AT T INC                                       | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     28628 | NS      | $708543.00    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                               | LOCKHEED MARTIN CORP                           | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1015 | NS      | $499258.20    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| DTE ENERGY COMPANY                                                        | DTE ENERGY CO                                  | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      3988 | NS      | $540533.52    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| COLGATE-PALMOLIVE COMPANY                                                 | COLGATE PALMOLIVE CO                           | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     41091 | NS      | $3166061.55   | 0.73%             |  |  |  | No            | 1                  | On Loan: No      |
| DB INSURANCE CO.,LTD                                                      | DB INSURANCE CO LTD                            | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |      2802 | NS      | $249095.86    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| APPLOVIN CORPORATION                                                      | APPLOVIN CORP                                  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2025 | NS      | $1290593.25   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| FORTINET, INC.                                                            | FORTINET INC                                   | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     34024 | NS      | $2940694.32   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| GODADDY INC.                                                              | GODADDY INC CLASS A                            | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     10772 | NS      | $1434076.36   | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Wal-Mart de Mexico, S.A.B. de C.V.                                        | WAL MART DE MEXICO SA DE CV                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    226440 | NS      | $748696.98    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Ferrari N.V.                                                              | FERRARI NV                                     | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | NL        |      2670 | NS      | $1069088.85   | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| PetroChina Company Limited                                                | PETROCHINA CO LTD                              | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   1420000 | NS      | $1467946.03   | 0.34%             |  |  |  | No            | 2                  | On Loan: No      |
| SUN LIFE FINANCIAL INC                                                    | SUN LIFE FINANCIAL INC                         | CUSIP: 866796105<br>LEI: 549300V040JZX5S66Z78 | Long             | EC               | CORP              | CA        |      3681 | NS      | $223920.50    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Logitech international S.A.                                               | LOGITECH INTERNATIONAL SA                      | CUSIP: N/A<br>LEI: 549300SN6PRK6IJJC215       | Long             | EC               | CORP              | CH        |      7455 | NS      | $896396.01    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| Aktiebolaget Volvo                                                        | VOLVO AB                                       | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |      5909 | NS      | $161941.26    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.                                  | GRUPO FINANCIERO BANORTE SAB DE CV             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    120241 | NS      | $1131778.23   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| CATERPILLAR INC.                                                          | CATERPILLAR INC                                | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      5236 | NS      | $3022533.36   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Telefonaktiebolaget LM Ericsson                                           | TELEFONAKTIEBOLAGET LM ERICSSON                | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |     74104 | NS      | $752145.74    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| COCHLEAR LIMITED                                                          | COCHLEAR LTD                                   | CUSIP: N/A<br>LEI: 5493001OLLWY8KV5UC08       | Long             | EC               | CORP              | AU        |      2745 | NS      | $515187.60    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| TRANE TECHNOLOGIES PLC                                                    | TRANE TECHNOLOGIES PLC                         | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      3952 | NS      | $1773064.80   | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Aena, S.M.E., S.A.                                                        | AENA SME SA                                    | CUSIP: E526LK101<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               |  | ES        |      7639 | NS      | $207456.91    | 0.05%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Zijin Mining Group Company Limited                                        | ZIJIN MINING GROUP CO LTD                      | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |     48000 | NS      | $198585.52    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| MARRIOTT INTERNATIONAL, INC.                                              | MARRIOTT INTERNATIONAL INC CLASS A             | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       370 | NS      | $96414.60     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| TELENOR ASA                                                               | TELENOR ASA                                    | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |     14879 | NS      | $221366.45    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| NEC Corporation                                                           | NEC CORP                                       | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |      7700 | NS      | $279700.58    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| PT Bank Rakyat Indonesia (Persero) Tbk                                    | PT BANK RAKYAT INDONESIA                       | CUSIP: N/A<br>LEI: 254900HB6S4B12GBNP64       | Long             | EC               | CORP              | ID        |   3704000 | NS      | $886338.32    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| Constellation Software Inc.                                               | CONSTELLATION SOFTWARE INC CANADA              | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |       431 | NS      | $1134380.69   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.                                  | YANGZIJIANG SHIPBUILDING HOLDINGS LTD          | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |    144600 | NS      | $390619.38    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| LENNOX INTERNATIONAL INC.                                                 | LENNOX INTERNATIONAL INC                       | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      1260 | NS      | $636300.00    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| L'OREAL SA                                                                | L OREAL SA                                     | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Long             | EC               | CORP              | FR        |       863 | NS      | $360092.34    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                                                       | MEXICAN NUEVO PESO                             | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | MX        |    615486 | NS      | $33133.04     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                       | HUNGARIAN FORINT                               | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | HU        |         1 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                       | SWEDISH KRONE                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SE        |     15451 | NS      | $1626.98      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| NITTO DENKO CORPORATION                                                   | NITTO DENKO CORP                               | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |     13200 | NS      | $328786.72    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| International Consolidated Airlines Group, S.A.                           | INTERNATIONAL CONSOLIDATED AIRLINES GROUP SA   | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | ES        |     30329 | NS      | $166482.34    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| CARLISLE COMPANIES INCORPORATED                                           | CARLISLE COMPANIES INC                         | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |       247 | NS      | $80287.35     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Nokia Oyj                                                                 | NOKIA OYJ                                      | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |     52398 | NS      | $357375.36    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| CINTAS CORPORATION                                                        | CINTAS CORP                                    | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19563 | NS      | $3585311.01   | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| UNITED AIRLINES HOLDINGS, INC.                                            | UNITED AIRLINES HOLDINGS INC                   | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      2008 | NS      | $188832.32    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| PACKAGING CORPORATION OF AMERICA                                          | PACKAGING CORP OF AMERICA                      | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      1084 | NS      | $212203.84    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| KDDI CORPORATION                                                          | KDDI CORP                                      | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |      7400 | NS      | $117973.89    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| BANCO BPM SOCIETA PER AZIONI                                              | BANCO BPM SPA                                  | CUSIP: N/A<br>LEI: 815600E4E6DCD2D25E30       | Long             | EC               | CORP              | IT        |      7682 | NS      | $111907.75    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| MOTOROLA SOLUTIONS, INC.                                                  | MOTOROLA SOLUTIONS INC                         | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      5296 | NS      | $2153936.16   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Nomura Research Institute, Ltd.                                           | NOMURA RESEARCH INSTITUTE LTD                  | CUSIP: N/A<br>LEI: 5299005F1HCVF4M4QN79       | Long             | EC               | CORP              | JP        |     25000 | NS      | $965451.56    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| DOLLARAMA INC.                                                            | DOLLARAMA INC                                  | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |     14721 | NS      | $1913709.00   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| CROWN CASTLE INC.                                                         | CROWN CASTLE INC                               | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      7698 | NS      | $694513.56    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Santander, S.A.                                                     | BANCO SANTANDER SA                             | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |     38136 | NS      | $388561.92    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| DOCUSIGN, INC.                                                            | DOCUSIGN INC                                   | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      4571 | NS      | $334322.94    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| COMPAGNIE DE SAINT-GOBAIN SA                                              | COMPAGNIE DE SAINT GOBAIN                      | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      3637 | NS      | $352968.12    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| MEITUAN                                                                   | MEITUAN                                        | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | KY        |     39400 | NS      | $518635.81    | 0.12%             |  |  |  | Yes           | 2                  | On Loan: No      |
| DELL TECHNOLOGIES INC.                                                    | DELL TECHNOLOGIES INC                          | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      2412 | NS      | $390768.12    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| CLICKS GROUP LIMITED                                                      | CLICKS GROUP LTD                               | CUSIP: N/A<br>LEI: 378900E967958A677472       | Long             | EC               | CORP              | ZA        |     17408 | NS      | $367144.81    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF CHINA LIMITED                                                     | BANK OF CHINA LTD                              | CUSIP: N/A<br>LEI: 54930053HGCFWVHYZX42       | Long             | EC               | CORP              | CN        |    693000 | NS      | $392424.29    | 0.09%             |  |  |  | No            | 2                  | On Loan: No      |
| NEWMONT CORPORATION                                                       | NEWMONT CORP                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      6336 | NS      | $513025.92    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| BRISTOL-MYERS SQUIBB COMPANY                                              | BRISTOL MYERS SQUIBB CO                        | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     25529 | NS      | $1176121.03   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| OLD DOMINION FREIGHT LINE, INC.                                           | OLD DOMINION FREIGHT LINE INC                  | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      6046 | NS      | $848979.32    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| SINGAPORE TECHNOLOGIES ENGINEERING LTD                                    | SINGAPORE TECHNOLOGIES ENGINEERING LTD         | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |     55500 | NS      | $361669.05    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                                                  | ROLLS ROYCE HOLDINGS PLC                       | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     72394 | NS      | $1113894.00   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| QUALCOMM INCORPORATED                                                     | QUALCOMM INC                                   | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      3811 | NS      | $689409.90    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| SYSCO CORPORATION                                                         | SYSCO CORP                                     | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      9182 | NS      | $682038.96    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| WALMART INC.                                                              | WALMART INC                                    | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      9198 | NS      | $930653.64    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| SUBARU CORPORATION                                                        | SUBARU CORP                                    | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     14400 | NS      | $306372.69    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| XIAOMI CORPORATION                                                        | XIAOMI CORP                                    | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | KY        |     45800 | NS      | $254105.75    | 0.06%             |  |  |  | Yes           | 2                  | On Loan: No      |
| OTIS WORLDWIDE CORPORATION                                                | OTIS WORLDWIDE CORP                            | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     20838 | NS      | $1932932.88   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| LES VETEMENTS DE SPORT GILDAN INC.                                        | GILDAN ACTIVEWEAR INC                          | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      3414 | NS      | $199109.43    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                        | CANADIAN NATURAL RESOURCES LTD                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     31545 | NS      | $1009287.04   | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| ICICI BANK LIMITED                                                        | ICICI BANK LTD                                 | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |      5804 | NS      | $87950.90     | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| MMC NORILSK NICKEL PJSC                                                   | MMC NORILSK NICKEL PJSC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    524900 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| ASIAN PAINTS LIMITED                                                      | ASIAN PAINTS LTD                               | CUSIP: N/A<br>LEI: 335800HEHXGYRUNERD75       | Long             | EC               | CORP              | IN        |     21796 | NS      | $616910.54    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| COMMERZBANK Aktiengesellschaft.                                           | COMMERZBANK AG                                 | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |      5454 | NS      | $198842.45    | 0.05%             |  |  |  | No            | 2                  | On Loan: —       |
| O'Reilly Automotive, Inc.                                                 | O REILLY AUTOMOTIVE INC                        | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     23968 | NS      | $2263537.92   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Lundin Gold Inc.                                                          | LUNDIN GOLD INC                                | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |      5515 | NS      | $374968.09    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| NVR, Inc.                                                                 | NVR INC                                        | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       114 | NS      | $822033.48    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| F5, INC.                                                                  | F5 Inc                                         | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      1410 | NS      | $356800.50    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| VERISK ANALYTICS, INC.                                                    | VERISK ANALYTICS INC                           | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      6914 | NS      | $1512506.64   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                       | NORWEGIAN KRONE                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | NO        |    656085 | NS      | $64798.53     | 0.01%             |  |  |  | No            | N/A                | On Loan: No      |
| BDO UNIBANK, INC.                                                         | BDO UNIBANK INC                                | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |    145910 | NS      | $330971.59    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| RELX PUBLIC LIMITED COMPANY                                               | RELX PLC                                       | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |     26037 | NS      | $1150573.25   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| QANTAS AIRWAYS LIMITED                                                    | QANTAS AIRWAYS LIMITED                         | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |     17913 | NS      | $119302.31    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| EXPAND ENERGY CORPORATION                                                 | EXPAND ENERGY CORP                             | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      4007 | NS      | $413963.17    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Siemens Energy AG                                                         | SIEMENS ENERGY AG                              | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |      2758 | NS      | $343561.12    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Itau Unibanco Holding S.A.                                                | ITAU UNIBANCO HOLDING S PREF                   | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94       | Long             | EC               | CORP              | BR        |    213119 | NS      | $1562518.75   | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| COLES GROUP LIMITED                                                       | COLES GROUP LTD                                | CUSIP: N/A<br>LEI: 549300OHQRG2HN8LZ793       | Long             | EC               | CORP              | AU        |      8496 | NS      | $122496.42    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| BHARAT ELECTRONICS LIMITED                                                | BHARAT ELECTRONICS LTD                         | CUSIP: N/A<br>LEI: 335800HS8AOTM9W1F335       | Long             | EC               | CORP              | IN        |     21616 | NS      | $103659.28    | 0.02%             |  |  |  | No            | 2                  | On Loan: No      |
| FINECOBANK BANCA FINECO S.P.A.                                            | FINECOBANK BANCA FINECO SPA                    | CUSIP: N/A<br>LEI: 549300L7YCATGO57ZE10       | Long             | EC               | CORP              | IT        |     33250 | NS      | $760664.88    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| ITC LIMITED                                                               | ITC LTD                                        | CUSIP: N/A<br>LEI: 335800WLOU3OFWFTMP43       | Long             | EC               | CORP              | IN        |    170112 | NS      | $805275.72    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| 3M COMPANY                                                                | 3M CO                                          | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      3458 | NS      | $575757.00    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Post AG                                                          | DHL GROUP                                      | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |      5368 | NS      | $246607.60    | 0.06%             |  |  |  | No            | 2                  | On Loan: No      |
| PDD Holdings Inc.                                                         | PDD HOLDINGS INC                               | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             |  | CORP              | KY        |      6667 | NS      | $899178.29    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| UNILEVER PLC                                                              | UNILEVER PLC                                   | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     25295 | NS      | $1517588.07   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| VERIZON COMMUNICATIONS INC.                                               | VERIZON COMMUNICATIONS INC                     | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      5023 | NS      | $199614.02    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International Inc.                                          | PHILIP MORRIS INTERNATIONAL INC                | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     28124 | NS      | $4059136.92   | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| FAIR ISAAC CORPORATION                                                    | FAIR ISAAC CORP                                | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       739 | NS      | $1226392.67   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Yokogawa Electric Corporation                                             | YOKOGAWA ELECTRIC CORP                         | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |     12000 | NS      | $359019.98    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| AIRBNB, INC.                                                              | AIRBNB INC CLASS A                             | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     22920 | NS      | $2900296.80   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Roche Holding AG                                                          | ROCHE HOLDING AG                               | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |      7705 | NS      | $2496270.22   | 0.57%             |  |  |  | No            | 2                  | On Loan: No      |
| CUMMINS INDIA LIMITED                                                     | CUMMINS INDIA LTD                              | CUSIP: N/A<br>LEI: 3358002PR6NKJRU4YS77       | Long             | EC               | CORP              | IN        |      7245 | NS      | $354223.14    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| Grupo Mexico, S.A.B. de C.V.                                              | GRUPO MEXICO SAB DE CV SERIES B                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |     32609 | NS      | $281955.28    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| MIZRAHI TEFAHOT BANK LTD                                                  | MIZRAHI TEFAHOT BANK LTD                       | CUSIP: N/A<br>LEI: YZO9YEGEO4VYDZMDWF93       | Long             | EC               | CORP              | IL        |      8836 | NS      | $574945.05    | 0.13%             |  |  |  | No            | 2                  | On Loan: No      |
| VINCI SA                                                                  | VINCI SA                                       | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |       821 | NS      | $109766.62    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| SINGAPORE EXCHANGE LIMITED                                                | SINGAPORE EXCHANGE LTD                         | CUSIP: N/A<br>LEI: 549300IQ650PPXM76X03       | Long             | EC               | CORP              | SG        |     98100 | NS      | $1273195.11   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| PROLOGIS, INC.                                                            | PROLOGIS INC                                   | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |      3705 | NS      | $459753.45    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Bandai Namco Holdings Inc.                                                | BANDAI NAMCO HOLDINGS INC                      | CUSIP: N/A<br>LEI: 3538008EFEM34VRJDQ95       | Long             | EC               | CORP              | JP        |     14100 | NS      | $438882.63    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| Pop Mart International Group Ltd                                          | POP MART INTERNATIONAL GROUP LTD               | CUSIP: N/A<br>LEI: 9845000A05E8F937E337       | Long             | EC               | CORP              | KY        |     22000 | NS      | $625820.91    | 0.14%             |  |  |  | Yes           | 2                  | On Loan: No      |
| CHUGAI PHARMACEUTICAL CO., LTD.                                           | CHUGAI PHARMACEUTICAL COMPANY LTD              | CUSIP: N/A<br>LEI: 529900T9LAII161DCN95       | Long             | EC               | CORP              | JP        |     20700 | NS      | $947514.95    | 0.22%             |  |  |  | No            | 2                  | On Loan: No      |
| NETAPP, INC.                                                              | NETAPP INC                                     | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     14939 | NS      | $1759515.42   | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| ANTA SPORTS PRODUCTS LIMITED                                              | ANTA SPORTS PRODUCTS LTD                       | CUSIP: N/A<br>LEI: 529900291XG0CTK4LF95       | Long             | EC               | CORP              | KY        |     69400 | NS      | $724438.74    | 0.17%             |  |  |  | No            | 2                  | On Loan: No      |
| METTLER-TOLEDO INTERNATIONAL INC.                                         | METTLER TOLEDO INTERNATIONAL                   | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       918 | NS      | $1300154.22   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| PIDILITE INDUSTRIES LIMITED                                               | PIDILITE INDUSTRIES LTD                        | CUSIP: N/A<br>LEI: 335800APXGEBZ349GN74       | Long             | EC               | CORP              | IN        |     27280 | NS      | $444008.46    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| VALE S.A.                                                                 | VALE SA                                        | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |     25097 | NS      | $304463.36    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| SBERBANK OF RUSSIA PJSC                                                   | SBERBANK OF RUSSIA PJSC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | RU        |    409312 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Nestle S.A.                                                               | NESTLE SA                                      | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     13861 | NS      | $1324643.85   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| Kuehne + Nagel International AG                                           | KUEHNE NAGEL INTL                              | CUSIP: N/A<br>LEI: 529900Q0YED3805QXQ66       | Long             | EC               | CORP              | CH        |      1896 | NS      | $363808.95    | 0.08%             |  |  |  | No            | 2                  | On Loan: No      |
| OMV Aktiengesellschaft                                                    | OMV AG                                         | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |      3544 | NS      | $193994.79    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| GEA Group Aktiengesellschaft                                              | MG TECHNOLOGIES AG                             | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |     12237 | NS      | $875168.50    | 0.20%             |  |  |  | No            | 2                  | On Loan: No      |
| MSILF Government Portfolio                                                | MSILF GOVERNMENT-INST                          | CUSIP: 61747C707<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    612835 | NS      | $612834.65    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| NETEASE, INC.                                                             | NETEASE INC                                    | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |     44600 | NS      | $1251564.56   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| NUTANIX, INC.                                                             | NUTANIX INC A                                  | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     13536 | NS      | $964304.64    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| KONGSBERG GRUPPEN ASA                                                     | KONGSBERG GRUPPEN ASA                          | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ9HK73       | Long             | EC               | CORP              | NO        |     32671 | NS      | $833240.45    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| NISOURCE INC.                                                             | NISOURCE INC                                   | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     10855 | NS      | $457104.05    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| ORACLE CORPORATION JAPAN                                                  | ORACLE CORP JAPAN                              | CUSIP: N/A<br>LEI: 529900MIMKY9RU60Z323       | Long             | EC               | CORP              | JP        |      3400 | NS      | $313486.10    | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                                              | CHIPOTLE MEXICAN GRILL INC                     | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40770 | NS      | $1292001.30   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| META PLATFORMS, INC.                                                      | META PLATFORMS INC                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     15903 | NS      | $10310710.05  | 2.37%             |  |  |  | No            | 1                  | On Loan: No      |
| THE GOLDMAN SACHS GROUP, INC.                                             | GOLDMAN SACHS GROUP INC THE                    | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       955 | NS      | $753848.35    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| LOWE'S COMPANIES, INC.                                                    | LOWE S COS INC                                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      2532 | NS      | $602945.16    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| OVERSEA-CHINESE BANKING CORPORATION LIMITED                               | OVERSEA CHINESE BANKING CORP LTD               | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    115200 | NS      | $1507324.43   | 0.35%             |  |  |  | No            | 2                  | On Loan: No      |
| HCA HEALTHCARE, INC.                                                      | HCA HEALTHCARE INC                             | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       846 | NS      | $388889.28    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| MERCK & CO., INC.                                                         | MERCK CO INC                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      7325 | NS      | $629803.50    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| AMPHENOL CORPORATION                                                      | AMPHENOL CORP CLASS A                          | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      4302 | NS      | $599440.68    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| W.W. GRAINGER, INC.                                                       | WW GRAINGER INC                                | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      2583 | NS      | $2528757.00   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Suncor Energy Inc.                                                        | SUNCOR ENERGY INC                              | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     42754 | NS      | $1702660.37   | 0.39%             |  |  |  | No            | 1                  | On Loan: No      |
| AUTO TRADER GROUP PLC                                                     | AUTO TRADER GROUP PLC                          | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |     50954 | NS      | $522665.12    | 0.12%             |  |  |  | Yes           | 2                  | On Loan: No      |
| KIMBERLY-CLARK CORPORATION                                                | KIMBERLY CLARK CORP                            | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     13754 | NS      | $1646491.34   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| Orion Oyj                                                                 | ORION OYJ                                      | CUSIP: N/A<br>LEI: 74370029VAHCXDR7B745       | Long             | EC               | CORP              | FI        |      9769 | NS      | $682108.48    | 0.16%             |  |  |  | No            | 2                  | On Loan: No      |
| ZSCALER, INC.                                                             | ZSCALER INC                                    | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      2827 | NS      | $936132.78    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| SYNCHRONY FINANCIAL                                                       | SYNCHRONY FINANCIAL                            | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      6676 | NS      | $496560.88    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRSTRAND LIMITED                                                         | FIRSTRAND LTD                                  | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |     45276 | NS      | $214932.21    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| VISA INC.                                                                 | VISA INC CLASS A                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      6428 | NS      | $2190276.72   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC HOLDINGS PLC                                                         | HSBC HOLDINGS PLC                              | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |     34846 | NS      | $487753.44    | 0.11%             |  |  |  | No            | 2                  | On Loan: No      |
| WILLIAMS-SONOMA, INC.                                                     | WILLIAMS SONOMA INC                            | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      2330 | NS      | $452812.20    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| TESCO PLC                                                                 | TESCO PLC                                      | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |     35729 | NS      | $215581.35    | 0.05%             |  |  |  | No            | 2                  | On Loan: No      |
| NRG ENERGY, INC.                                                          | NRG ENERGY INC                                 | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      2891 | NS      | $496847.26    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Schindler Holding AG                                                      | SCHINDLER HOLDING AG                           | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |       387 | NS      | $137875.16    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Nestle India Ltd                                                          | NESTLE INDIA LTD                               | CUSIP: N/A<br>LEI: 3358008SYYY9CPWH5D94       | Long             | EC               | CORP              | IN        |     37253 | NS      | $533959.29    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Tokio Marine Holdings, Inc.                                               | TOKIO MARINE HOLDINGS INC                      | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |     14500 | NS      | $540821.13    | 0.12%             |  |  |  | No            | 2                  | On Loan: No      |
| Everest Group, Ltd.                                                       | EVEREST GROUP LTD                              | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       302 | NS      | $94985.04     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| HCL TECHNOLOGIES LIMITED                                                  | HCL TECHNOLOGIES LTD                           | CUSIP: N/A<br>LEI: 549300C1F8OLYSOQYB65       | Long             | EC               | CORP              | IN        |     58027 | NS      | $1006891.76   | 0.23%             |  |  |  | No            | 2                  | On Loan: No      |
| IPSEN SA                                                                  | IPSEN SA                                       | CUSIP: N/A<br>LEI: 549300M6SGDPB4Z94P11       | Long             | EC               | CORP              | FR        |       910 | NS      | $127866.60    | 0.03%             |  |  |  | No            | 2                  | On Loan: No      |
| Deutsche Telekom AG                                                       | DEUTSCHE TELEKOM AG REG                        | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |     41747 | NS      | $1292950.58   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| PURE STORAGE, INC.                                                        | PURE STORAGE INC                               | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      6765 | NS      | $667705.50    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| DARDEN RESTAURANTS, INC.                                                  | DARDEN RESTAURANTS INC                         | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      1778 | NS      | $320306.70    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| X 5 RETAIL GROUP NV REGS GDR                                              | X 5 RETAIL GROUP NV REGS GDR                   | CUSIP: 98387E205<br>LEI: N/A                  | Long             | EC               | CORP              | RU        |     18705 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| CVS HEALTH CORPORATION                                                    | CVS HEALTH CORP                                | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      7257 | NS      | $567134.55    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| TOTALENERGIES SE                                                          | TOTALENERGIES SE                               | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |     21090 | NS      | $1316581.59   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| ACCENTURE PUBLIC LIMITED COMPANY                                          | ACCENTURE PLC                                  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      8352 | NS      | $2088835.20   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| STANDARD BANK GROUP LIMITED                                               | STANDARD BANK GROUP LTD                        | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41       | Long             | EC               | CORP              | ZA        |     12414 | NS      | $182594.32    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| BANQUE DE MONTREAL                                                        | BANK OF MONTREAL                               | CUSIP: 063671101<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | EC               | RF                | CA        |      1610 | NS      | $200021.61    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| INNER MONGOLIA YITAI COAL CO.,LTD.                                        | INNER MONGOLIA YITAI COAL CO LTD               | CUSIP: N/A<br>LEI: 529900OW9OHPX81B0T69       | Long             | EC               | CORP              | CN        |     83900 | NS      | $163641.10    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| MICROSOFT CORPORATION                                                     | MICROSOFT CORP                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     15638 | NS      | $8097512.78   | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| SHELL PLC                                                                 | SHELL PLC                                      | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     53422 | NS      | $2002467.16   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| ROLLINS, INC.                                                             | ROLLINS INC                                    | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     20960 | NS      | $1207505.60   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke KPN N.V.                                                      | KONINKLIJKE KPN NV                             | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |    282463 | NS      | $1306915.13   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| NVIDIA CORPORATION                                                        | NVIDIA CORP                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    123588 | NS      | $25025334.12  | 5.75%             |  |  |  | No            | 1                  | On Loan: No      |
| THE PROCTER & GAMBLE COMPANY                                              | PROCTER GAMBLE CO                              | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      2214 | NS      | $332919.18    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| DELTA ELECTRONICS, INC.                                                   | DELTA ELECTRONICS INC                          | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52       | Long             | EC               | CORP              | TW        |     13000 | NS      | $418171.07    | 0.10%             |  |  |  | No            | 2                  | On Loan: No      |
| CRH PUBLIC LIMITED COMPANY                                                | CRH PLC                                        | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      4865 | NS      | $579421.50    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Sompo Holdings, Inc.                                                      | SOMPO HOLDINGS INC                             | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |      6100 | NS      | $185924.46    | 0.04%             |  |  |  | No            | 2                  | On Loan: No      |
| Nippon Yusen Kabushiki Kaisha                                             | NIPPON YUSEN KK                                | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |      5800 | NS      | $200319.33    | 0.05%             |  |  |  | No            | 2                  | On Loan: —       |
| Universal Music Group N.V.                                                | UNIVERSAL MUSIC GROUP NV                       | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |     28908 | NS      | $775267.90    | 0.18%             |  |  |  | No            | 2                  | On Loan: —       |
| VALERO ENERGY CORPORATION                                                 | VALERO ENERGY CORP                             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     13184 | NS      | $2235479.04   | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| ADOBE INC.                                                                | ADOBE INC                                      | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     10406 | NS      | $3541265.86   | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| BROADCOM INC.                                                             | BROADCOM INC                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      8912 | NS      | $3294142.56   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| ULTA BEAUTY, INC.                                                         | ULTA BEAUTY INC                                | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      2432 | NS      | $1264348.16   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                                                       | GREAT BRITISH POUND                            | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | GB        |       316 | NS      | $414.92       | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                       | INDIA RUPEE                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | IN        |    575603 | NS      | $6484.48      | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                       | CANADIAN DOLLAR                                | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CA        |     -6105 | NS      | $-4353.31     | -0.00%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                       | DANISH KRONER                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | DK        |     71680 | NS      | $11065.07     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                       | EURO                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |     17648 | NS      | $20339.58     | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                                                       | POLISH ZLOTY                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | PL        |        33 | NS      | $8.97         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Victory Portfolios III

**Signature:** Carol Trevino

**Name of Signer:** Carol Trevino

**Title:** Treasurer