# EDGAR Filing Document

**Accession Number:** 0001004655
**File Stem:** 0001004655-25-000248
**Filing Date:** 2025-12
**Character Count:** 117646
**Document Hash:** 5b1b5fc0550b41a618126b41bb8d9d55
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004655-25-000248.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001004655-25-000248

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD WHITEHALL FUNDS
- **CENTRAL INDEX KEY:** 0001004655

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07443
- **FILM NUMBER:** 251598925

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD WHITEHALL FUNDS INC
- **DATE OF NAME CHANGE:** 19951207

## Series and Classes Contracts Data

### Vanguard International Explorer Fund (Series ID: S000004407)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000012165 | Investor Shares | VINEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD WHITEHALL FUNDS

- **b. Investment Company Act file number:** 811-07443

- **c. CIK number of Registrant:** 0001004655

- **d. LEI of Registrant:** 5493006QD7VQBS2FQD13

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD INTERNATIONAL EXPLORER FUND

- **b. EDGAR series identifier (if any):** S000004407

- **c. LEI of Series:** 88VXU7452NE7ZNF35F68

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

- **a. Date of fiscal year-end:** 2025-10-31

- **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:** $1467392471.94

**Total Liabilities:** $11881395.97

**Net Assets:** $1455511075.97

**Cash Not Reported:** $969684.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000012165 | 3.86%                | 2.58%                | -0.92%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1249346.96              | $50287644.20                               |
| Month 2  | $21801892.25             | $11261542.55                               |
| Month 3  | $17506893.35             | $-32192561.70                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sumitomo Rubber Industries Ltd                           | SUMITOMO RUBBER                | CUSIP: N/A<br>LEI: 353800JD4V72SJ3EOX37       | Long             | EC               | CORP              | JP        |     93284 | NS      | $1092487.97   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Europris ASA                                             | EUROPRIS ASA                   | CUSIP: N/A<br>LEI: 5967007LIEEXZXGA8G28       | Long             | EC               | CORP              | NO        |    477786 | NS      | $4119438.08   | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dah Sing Banking Group Ltd                               | DAHSING BANKING                | CUSIP: N/A<br>LEI: 529900DXBMKJOLLQOM66       | Long             | EC               | CORP              | HK        |   1178000 | NS      | $1667542.37   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc                                    | ASPEED TECH                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     40674 | NS      | $7213257.20   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Sensirion Holding AG                                     | SENSIRION HOLDIN               | CUSIP: N/A<br>LEI: 894500ANJ9YNE8YCTT04       | Long             | EC               | CORP              | CH        |     44637 | NS      | $3198716.93   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Games Workshop Group PLC                                 | GAMES WORKSHOP                 | CUSIP: N/A<br>LEI: 213800RP9QJQYGWHNT41       | Long             | EC               | CORP              | GB        |     26593 | NS      | $5568796.34   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Nichias Corp                                             | NICHIAS CORP                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     64838 | NS      | $2419383.97   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Nabtesco Corp                                            | NABTESCO CORP                  | CUSIP: N/A<br>LEI: 529900DVHQXYRTGW7739       | Long             | EC               | CORP              | JP        |    349987 | NS      | $8767054.18   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Sandfire Resources Ltd                                   | SANDFIRE RESOURC               | CUSIP: Q82191109<br>LEI: 213800ZW52P23FVH1V47 | Long             | EC               | CORP              | AU        |    555282 | NS      | $5881277.53   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Sulzer AG                                                | SULZER AG-REG                  | CUSIP: N/A<br>LEI: 529900NZ6MAST5IJF669       | Long             | EC               | CORP              | CH        |     40363 | NS      | $6745667.75   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Pennon Group PLC                                         | PENNON GRP PLC                 | CUSIP: N/A<br>LEI: 213800V1CCTS41GWH423       | Long             | EC               | CORP              | GB        |    411449 | NS      | $2804076.58   | 0.19%             |  |  |  | No            |                  2 | On Loan: —       |
| Hangzhou Tigermed Consulting Co Ltd                      | HANGZHOU TIGER-H               | CUSIP: N/A<br>LEI: 300300CP4N8WDF6DOO67       | Long             | EC               | CORP              | HK        |    323800 | NS      | $1937728.93   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Kokusai Electric Corp                                    | KOKUSAI ELECTRIC               | CUSIP: N/A<br>LEI: 549300CDY6N3WKYK2I96       | Long             | EC               | CORP              | JP        |    306900 | NS      | $11214567.22  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                                           | DINO POLSKA SA                 | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |    551285 | NS      | $6584717.03   | 0.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Koninklijke Vopak NV                                     | VOPAK                          | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |    129235 | NS      | $5856540.61   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Schott Pharma AG & Co KGaA                               | SCHOTT PHARMA AG               | CUSIP: N/A<br>LEI: 529900TU48UE99NHEY88       | Long             | EC               | CORP              | DE        |    183128 | NS      | $4111899.61   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| KGHM Polska Miedz SA                                     | KGHM                           | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     80691 | NS      | $4232497.87   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Melisron Ltd                                             | MELISRON                       | CUSIP: N/A<br>LEI: 213800B9SL62L9VLO604       | Long             | EC               | CORP              | IL        |     50068 | NS      | $6517104.69   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Nova Ltd                                                 | NOVA LTD                       | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | US        |     19410 | NS      | $6689462.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Resorttrust Inc                                          | RESORTTRUST INC                | CUSIP: N/A<br>LEI: 353800FM9MYWH105SE11       | Long             | EC               | CORP              | JP        |    646026 | NS      | $7612900.74   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| MISUMI Group Inc                                         | MISUMI GROUP INC               | CUSIP: J43293109<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |    630087 | NS      | $9823711.01   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Trainline PLC                                            | TRAINLINE PLC                  | CUSIP: N/A<br>LEI: 213800HO26VXTFJ4MO71       | Long             | EC               | CORP              | GB        |   1645515 | NS      | $5431888.16   | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hysan Development Co Ltd                                 | HYSAN DEV                      | CUSIP: Y38203124<br>LEI: 5299007BABFLKIH9HL03 | Long             | EC               | CORP              | HK        |   1574858 | NS      | $3262722.70   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Montage Gold Corp                                        | MONTAGE GOLD COR               | CUSIP: 61178L101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    913148 | NS      | $4531396.44   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PrairieSky Royalty Ltd                                   | PRAIRIESKY ROYAL               | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     92404 | NS      | $1658930.32   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Relo Group Inc                                           | RELO GROUP INC                 | CUSIP: J6436W118<br>LEI: 353800T595XRZDA8IB59 | Long             | EC               | CORP              | JP        |    100024 | NS      | $1076744.36   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Cyprus Holdings PLC                              | BANK OF CYPRUS H               | CUSIP: N/A<br>LEI: 635400L14KNHZXPUZM19       | Long             | EC               | CORP              | GB        |     96850 | NS      | $890837.42    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Minth Group Ltd                                          | MINTH GROUP LTD                | CUSIP: G6145U109<br>LEI: 254900B2AH0G13K9G204 | Long             | EC               | CORP              | HK        |    150493 | NS      | $667785.77    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| OW Bunker A/S                                            | OW BUNKER A/S                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DK        |   1000000 | NS      | $7.72         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NOF Corp                                                 | NOF                            | CUSIP: J58934100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    313900 | NS      | $5585709.06   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordnet AB publ                                          | NORDNET AB PUBL                | CUSIP: N/A<br>LEI: 549300D6WW5ZTWLZ4C08       | Long             | EC               | CORP              | SE        |    289427 | NS      | $8357287.15   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| BOC Aviation Ltd                                         | BOC AVIATION LTD               | CUSIP: N/A<br>LEI: 254900H06V5RMEB3KE72       | Long             | EC               | CORP              | HK        |    234381 | NS      | $2054511.82   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Challenger Ltd                                           | CHALLENGER LTD                 | CUSIP: Q22685103<br>LEI: 529900ACCCAOHJ2V3169 | Long             | EC               | CORP              | AU        |   1036773 | NS      | $6310787.02   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Senior PLC                                               | SENIOR PLC                     | CUSIP: G8031U102<br>LEI: 5493002HQHWN5JQHKQ51 | Long             | EC               | CORP              | GB        |    277189 | NS      | $694292.20    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ASX Ltd                                                  | ASX LTD                        | CUSIP: N/A<br>LEI: 549300VSBVYUCBIQKT71       | Long             | EC               | CORP              | AU        |    102999 | NS      | $3800343.41   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Visional Inc                                             | VISIONAL INC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     29640 | NS      | $2057986.40   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Pilbara Minerals Ltd                                     | PILBARA MINERALS               | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |   1157557 | NS      | $2490814.61   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Bachem Holding AG                                        | BACHEM HOLDING                 | CUSIP: N/A<br>LEI: 506700S81111XI7TG884       | Long             | EC               | CORP              | CH        |     86350 | NS      | $6264985.36   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Pharvaris NV                                             | PHARVARIS NV                   | CUSIP: N/A<br>LEI: 9845003BE146D3B75D32       | Long             | EC               | CORP              | US        |    132852 | NS      | $2951971.44   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| KBC Ancora                                               | KBC ANCORA                     | CUSIP: N/A<br>LEI: 549300I4XZ0RR3ZOSZ55       | Long             | EC               | CORP              | BE        |     52190 | NS      | $4106587.04   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Marshalls PLC                                            | MARSHALLS PLC                  | CUSIP: N/A<br>LEI: 213800S21IFC367J5V62       | Long             | EC               | CORP              | GB        |    372200 | NS      | $825611.54    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA                                 | CTS EVENTIM AG &               | CUSIP: D1648T108<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     98434 | NS      | $8818837.29   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| THK Co Ltd                                               | THK CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     24436 | NS      | $650670.03    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Elevator Service Holdings Co Ltd                   | JAPAN ELEVATOR S               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    681300 | NS      | $8020358.24   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Rotork PLC                                               | ROTORK PLC                     | CUSIP: G76717134<br>LEI: 213800AH5RZIHGWRJ718 | Long             | EC               | CORP              | GB        |   3027649 | NS      | $13630042.51  | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Fevertree Drinks PLC                                     | FEVERTREE DRINKS               | CUSIP: N/A<br>LEI: 2138007AJRLHRVQZLD07       | Long             | EC               | CORP              | GB        |    422284 | NS      | $4628362.91   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongsheng Group Holdings Ltd                            | ZHONGSHENG GROUP               | CUSIP: N/A<br>LEI: 3003005VYMEBAJNJ2Y26       | Long             | EC               | CORP              | HK        |    220035 | NS      | $347347.15    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmonic Drive Systems Inc                               | HARMONIC DRIVE                 | CUSIP: N/A<br>LEI: 353800XFIX2EUARGOE85       | Long             | EC               | CORP              | JP        |    239900 | NS      | $4417038.38   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Castellum AB                                             | CASTELLUM AB                   | CUSIP: W2084X107<br>LEI: 549300GU5OHTR1T5IY68 | Long             | EC               | CORP              | SE        |    458236 | NS      | $5211161.58   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Judo Capital Holdings Ltd                                | JUDO CAPITAL HOL               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2587004 | NS      | $2855620.42   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc                                       | E INK HOLDINGS                 | CUSIP: N/A<br>LEI: 529900UOR451FJJYL571       | Long             | EC               | CORP              | TW        |    500000 | NS      | $3434958.95   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BFF Bank SpA                                             | BFF BANK SPA                   | CUSIP: N/A<br>LEI: 815600522538355AE429       | Long             | EC               | CORP              | IT        |    327161 | NS      | $3949005.08   | 0.27%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd                                    | LYNAS RARE EARTH               | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               | CORP              | AU        |    115694 | NS      | $1153395.96   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BoneSupport Holding AB                                   | BONESUPPORT HOLD               | CUSIP: N/A<br>LEI: 549300COLY053IGTLD63       | Long             | EC               | CORP              | SE        |     86506 | NS      | $2010282.49   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Currys PLC                                               | CURRYS PLC                     | CUSIP: N/A<br>LEI: 2138001E12GWLLDQQF16       | Long             | EC               | CORP              | GB        |   5930702 | NS      | $10946938.97  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| easyJet PLC                                              | EASYJET PLC                    | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |    792751 | NS      | $5047287.03   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BayCurrent Inc                                           | BAYCURRENT INC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     14900 | NS      | $683374.06    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA/Brazil                                            | TIM SA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1274166 | NS      | $5752747.17   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Siegfried Holding AG                                     | SIEGFRIED HO-REG               | CUSIP: N/A<br>LEI: 506700J9QD6IF3937W06       | Long             | EC               | CORP              | CH        |     42721 | NS      | $4120854.15   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel DC REIT                                           | KEPPEL DC REIT                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |   1942797 | NS      | $3564906.53   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyoto Financial Group Inc                                | KYOTO FINANCIAL                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    193271 | NS      | $3915354.39   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Hapvida Participacoes e Investimentos S/A                | HAPVIDA PARTICIP               | CUSIP: P5R526106<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    137371 | NS      | $798699.78    | 0.05%             |  |  |  | Yes           |                  1 | On Loan: No      |
| KOMEDA Holdings Co Ltd                                   | KOMEDA HOLDINGS                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    436400 | NS      | $8221917.89   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Tongcheng Travel Holdings Ltd                            | TONGCHENG TRAVEL               | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               | CORP              | HK        |   1138000 | NS      | $3131558.79   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Fiverr International Ltd                                 | FIVERR INTERNATI               | CUSIP: M4R82T106<br>LEI: 549300Z8OREY6THCPF67 | Long             | EC               | CORP              | US        |    317154 | NS      | $7180366.56   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinfonia Technology Co Ltd                               | SINFONIA TECH                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     21797 | NS      | $1500223.81   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bertrandt AG                                             | BERTRANDT AG                   | CUSIP: D1014N107<br>LEI: 529900DRBK1K538NYX30 | Long             | EC               | CORP              | DE        |     17863 | NS      | $412353.62    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Unimicron Technology Corp                                | UNIMICRON TECH                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    757921 | NS      | $3994655.26   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingfisher PLC                                           | KINGFISHER PLC                 | CUSIP: G5256E441<br>LEI: 213800KBMEV7I92FY281 | Long             | EC               | CORP              | GB        |    421306 | NS      | $1708641.83   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurogroup Laminations SpA                                | EUROGROUP LAMINA               | CUSIP: N/A<br>LEI: 8156004FC8565D73AE78       | Long             | EC               | CORP              | IT        |     27931 | NS      | $112645.76    | 0.01%             |  |  |  | No            |                  2 | On Loan: —       |
| Grupa Pracuj SA/Poland                                   | GRUPA PRACUJ SA                | CUSIP: N/A<br>LEI: 259400BSBFEIIIDAAL82       | Long             | EC               | CORP              | PL        |    191758 | NS      | $2942153.60   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Nifco Inc/Japan                                          | NIFCO INC                      | CUSIP: 654101104<br>LEI: 353800JMDOH68J9I5140 | Long             | EC               | CORP              | JP        |     95189 | NS      | $2758534.99   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Canada Goose Holdings Inc                                | CANADA GOOSE HOL               | CUSIP: 135086106<br>LEI: 529900891XBE6RV8JR07 | Long             | EC               | CORP              | CA        |    143979 | NS      | $2004855.35   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| James Hardie Industries PLC                              | JAMES HARDIE-CDI               | CUSIP: N/A<br>LEI: 635400NSGXKTVOO7JU45       | Long             | EC               | CORP              | AU        |    120016 | NS      | $2527626.46   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| PALTAC Corp                                              | PALTAC CORPORATI               | CUSIP: J6349W106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    138157 | NS      | $4074593.37   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Financial Group Ltd                              | LIBERTY FINANCIA               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1094968 | NS      | $2954041.03   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Cibus Nordic Real Estate AB publ                         | CIBUS NORDIC PUB               | CUSIP: N/A<br>LEI: 549300PW36MFK96GCR23       | Long             | EC               | CORP              | SE        |    238110 | NS      | $4126893.57   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                                   | WAREHOUSES DE PA               | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |    160953 | NS      | $4087353.32   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund        | Vanguard Market Liquidity Fund | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |        99 | NS      | $9915.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ypsomed Holding AG                                       | YPSOMED HOLD-REG               | CUSIP: N/A<br>LEI: 391200QLIOTTBNPNSI14       | Long             | EC               | CORP              | CH        |     21390 | NS      | $8398694.23   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                                | BANK OF IRELAND                | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |    348846 | NS      | $5711646.50   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Collective Mining Ltd                                    | COLLECTIVE MININ               | CUSIP: 19425C100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    296168 | NS      | $3378623.22   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tate & Lyle PLC                                          | TATE & LYLE                    | CUSIP: N/A<br>LEI: 2138008K14474WPKZ244       | Long             | EC               | CORP              | GB        |    557999 | NS      | $2832872.01   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Rohto Pharmaceutical Co Ltd                              | ROHTO PHARM                    | CUSIP: N/A<br>LEI: 353800Q1CW5OS81OUM12       | Long             | EC               | CORP              | JP        |     96487 | NS      | $1496521.30   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Gas Co Ltd                                        | NIPPON GAS                     | CUSIP: N/A<br>LEI: 549300N3DC5V2XON9C60       | Long             | EC               | CORP              | JP        |    434000 | NS      | $8308299.03   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Gas Chemical Co Inc                           | MITSUB GAS CHEM                | CUSIP: N/A<br>LEI: 529900G5O4J27ZPLJJ89       | Long             | EC               | CORP              | JP        |    115542 | NS      | $2137659.28   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Orora Ltd                                                | ORORA LTD                      | CUSIP: N/A<br>LEI: 549300WFEQJK35VDF789       | Long             | EC               | CORP              | AU        |   1298843 | NS      | $1708522.48   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| New Issuer: BB Company ID:71327236                       | PONY AI INC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     54533 | NS      | $1018676.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Garage Inc                                       | DIGITAL GARAGE                 | CUSIP: N/A<br>LEI: 353800XMG9BC18FQ8862       | Long             | EC               | CORP              | JP        |    226300 | NS      | $4833964.74   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtac International Group                               | AIRTAC INTERNATI               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     71599 | NS      | $2111810.86   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NS Solutions Corp                                        | NS SOLUTIONS COR               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     63168 | NS      | $1591633.56   | 0.11%             |  |  |  | No            |                  2 | On Loan: —       |
| Subsea 7 SA                                              | SUBSEA 7 SA                    | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | NO        |     81478 | NS      | $1488060.68   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Water Inc                                            | AIR WATER INC                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    116514 | NS      | $1627141.95   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Kerry Properties Ltd                                     | KERRY PPT                      | CUSIP: N/A<br>LEI: 5299006T5ULIIRZ7LK49       | Long             | EC               | CORP              | HK        |   1475500 | NS      | $3718950.07   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Valeo SE                                                 | VALEO                          | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | EC               | CORP              | FR        |    184320 | NS      | $2548269.76   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Alior Bank SA                                            | ALIOR BANK SA                  | CUSIP: N/A<br>LEI: 259400QHDOZWMJ103294       | Long             | EC               | CORP              | PL        |     70105 | NS      | $1953486.01   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| en Inc/Japan                                             | EN INC/JAPAN                   | CUSIP: J1312X108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    211966 | NS      | $2138099.31   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Almirall SA                                              | ALMIRALL SA                    | CUSIP: N/A<br>LEI: 95980020140005007996       | Long             | EC               | CORP              | ES        |    287181 | NS      | $4133256.39   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Real Estate Investment Corp                        | JAPAN REAL ESTAT               | CUSIP: N/A<br>LEI: 3538003YAIR3CBGJJ928       | Long             | EC               | CORP              | JP        |      4401 | NS      | $3629827.52   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co.                                      | GOLD TRIPARTY MORTGAGE         | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Long             | RA               | CORP              | US        |   7000000 | PA      | $7000000.00   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                           | BAWAG GROUP AG                 | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |    109183 | NS      | $14109860.48  | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nissan Chemical Corp                                     | NISSAN CHEMICAL                | CUSIP: N/A<br>LEI: 3538002E4L1CUGJFFU25       | Long             | EC               | CORP              | JP        |    152453 | NS      | $5150728.68   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Intecc Co Ltd                                      | ASAHI INTECC CO                | CUSIP: N/A<br>LEI: 353800J3AV2SCNIO8L39       | Long             | EC               | CORP              | JP        |    173155 | NS      | $2745773.25   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Kansai Paint Co Ltd                                      | KANSAI PAINT                   | CUSIP: J30255129<br>LEI: 549300ERRV6FTKH9NN70 | Long             | EC               | CORP              | JP        |     94346 | NS      | $1514291.39   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Ebara Corp                                               | EBARA CORP                     | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |    103700 | NS      | $2765402.67   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimadzu Corp                                            | SHIMADZU CORP                  | CUSIP: J72165129<br>LEI: 353800Y64Z08WEH8PH97 | Long             | EC               | CORP              | JP        |     53400 | NS      | $1435683.80   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Katitas Co Ltd                                           | KATITAS CO LTD                 | CUSIP: J30978100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    249651 | NS      | $4058585.16   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Lixil Corp                                               | LIXIL CORP                     | CUSIP: N/A<br>LEI: 353800KB8G4F9WUJJ886       | Long             | EC               | CORP              | JP        |    199800 | NS      | $2214498.97   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Dah Sing Financial Holdings Ltd                          | DAH SING                       | CUSIP: N/A<br>LEI: 529900J55QMXMR5KMH32       | Long             | EC               | CORP              | HK        |    785932 | NS      | $3634021.15   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ICG PLC                                                  | ICG PLC                        | CUSIP: G4807D192<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    111685 | NS      | $2837234.13   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Charter Hall Group                                       | CHARTER HALL GRO               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    460435 | NS      | $6762279.51   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Wise PLC                                                 | WISE PLC - A                   | CUSIP: N/A<br>LEI: 213800LD9XCHIC1C4V71       | Long             | EC               | CORP              | GB        |    333237 | NS      | $4237455.75   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Hachijuni Bank Ltd/The                                   | HACHIJUNI BANK                 | CUSIP: N/A<br>LEI: FE70I3MHDCWOZWK19W48       | Long             | EC               | CORP              | JP        |    286851 | NS      | $2889492.76   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Methanex Corp                                            | METHANEX CORP                  | CUSIP: 59151K108<br>LEI: 549300TSJHRXT9QXRD13 | Long             | EC               | CORP              | CA        |     26868 | NS      | $1057440.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JCDecaux SE                                              | JCDECAUX SE                    | CUSIP: N/A<br>LEI: 9695009KV7AFPDEI5S30       | Long             | EC               | CORP              | FR        |    355613 | NS      | $6470197.91   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Haypp Group AB                                           | HAYPP GROUP AB                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SE        |    188042 | NS      | $3050554.80   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyu Fudosan Holdings Corp                              | TOKYU FUDOSAN HD               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    950895 | NS      | $7662970.74   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| De' Longhi SpA                                           | DE'LONGHI SPA                  | CUSIP: N/A<br>LEI: 8156000E09A52C4F8A38       | Long             | EC               | CORP              | IT        |    114439 | NS      | $4177025.78   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Tochigi Bank Ltd/The                                     | TOCHIGI BANK LTD               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     10500 | NS      | $37434.93     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BP Marsh & Partners PLC                                  | B.P. MARSH & PAR               | CUSIP: N/A<br>LEI: 2138008G8EPE3HAHEM13       | Long             | EC               | CORP              | GB        |     90183 | NS      | $789112.34    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Resonac Holdings Corp                                    | RESONAC HOLDINGS               | CUSIP: N/A<br>LEI: 5493006AIPA1V92YPP18       | Long             | EC               | CORP              | JP        |    201116 | NS      | $7835423.91   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| MonotaRO Co Ltd                                          | MONOTARO CO LTD                | CUSIP: J46583100<br>LEI: 5299005JUER5ANXWTC33 | Long             | EC               | CORP              | JP        |    465400 | NS      | $6493309.79   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Moncler SpA                                              | MONCLER SPA                    | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |     95476 | NS      | $5727545.14   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Azimut Holding SpA                                       | AZIMUT HOLDING                 | CUSIP: N/A<br>LEI: 81560025690EF8540635       | Long             | EC               | CORP              | IT        |     33608 | NS      | $1315309.44   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| FLSmidth & Co A/S                                        | FLSMIDTH                       | CUSIP: N/A<br>LEI: 213800MXXDGQ3ITPXI41       | Long             | EC               | CORP              | DK        |     96527 | NS      | $7517494.50   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                                 | TOTVS SA                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1002629 | NS      | $8268970.67   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FireFly Metals Ltd                                       | FIREFLY METALS L               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CA        |    135189 | NS      | $172534.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kardex Holding AG                                        | KARDEX HOLDI-REG               | CUSIP: N/A<br>LEI: 529900JKKMQ07D6QZ480       | Long             | EC               | CORP              | CH        |     16964 | NS      | $6380855.77   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV                | AERO DEL SURES-B               | CUSIP: P4950Y100<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     92644 | NS      | $2802433.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hill & Smith PLC                                         | HILL & SMITH PLC               | CUSIP: G45080101<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |    244123 | NS      | $6907951.29   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Synthomer PLC                                            | SYNTHOMER PLC                  | CUSIP: G8650C102<br>LEI: 213800EHT3TI1KPQQJ56 | Long             | EC               | CORP              | GB        |    360097 | NS      | $254140.14    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Reply SpA                                                | REPLY SPA                      | CUSIP: T60326112<br>LEI: 815600DAEFB0388F3521 | Long             | EC               | CORP              | IT        |     31157 | NS      | $4372726.03   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Bumrungrad Hospital PCL                                  | BUMRUNGRAD HOS-F               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |    547200 | NS      | $2904510.71   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Hammerson PLC                                            | HAMMERSON PLC                  | CUSIP: G4273Q164<br>LEI: 213800G1C9KKVVDN1A60 | Long             | EC               | CORP              | GB        |   2622665 | NS      | $10524023.86  | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Trigano SA                                               | TRIGANO SA                     | CUSIP: N/A<br>LEI: 969500KLZPNMO8TUM811       | Long             | EC               | CORP              | FR        |     28494 | NS      | $4741693.80   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bufab AB                                                 | BUFAB AB                       | CUSIP: N/A<br>LEI: 5493002TF62S16D67T17       | Long             | EC               | CORP              | SE        |    270131 | NS      | $2968975.55   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | INR/USD FWD 20251217           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2894.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Nexans SA                                                | NEXANS SA                      | CUSIP: N/A<br>LEI: 96950015FU78G84UIV14       | Long             | EC               | CORP              | FR        |     39039 | NS      | $5496776.57   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Ibiden Co Ltd                                            | IBIDEN CO LTD                  | CUSIP: N/A<br>LEI: 52990051DBFIQEY37C91       | Long             | EC               | CORP              | JP        |     80100 | NS      | $7539382.14   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Beazley PLC                                              | BEAZLEY PLC                    | CUSIP: G0936K107<br>LEI: 213800VTOMUWD41GIT12 | Long             | EC               | CORP              | GB        |    324738 | NS      | $3972780.69   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| M3 Inc                                                   | M3 INC                         | CUSIP: J4697J108<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |    315148 | NS      | $4416754.71   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Faraday Copper Corp                                      | FARADAY COPPER C               | CUSIP: 307357103<br>LEI: 529900BNJJ4FLFL93V78 | Long             | EC               | CORP              | CA        |   2929566 | NS      | $4699670.96   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Bank SA                                            | ALPHA BANK SA                  | CUSIP: N/A<br>LEI: 213800DBQIB6VBNU5C64       | Long             | EC               | CORP              | GR        |    551675 | NS      | $2162682.72   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Plus PLC                                         | TELECOM PLUS PLC               | CUSIP: G8729H108<br>LEI: 549300QGHDX5UKE58G86 | Long             | EC               | CORP              | GB        |    302192 | NS      | $7048722.43   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| British Land Co PLC/The                                  | BRIT LAND CO PLC               | CUSIP: N/A<br>LEI: RV5B68J2GV3QGMRPW209       | Long             | EC               | CORP              | GB        |    949318 | NS      | $4741332.60   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Aica Kogyo Co Ltd                                        | AICA KOGYO CO                  | CUSIP: J00252106<br>LEI: 353800I589BKZAOJD116 | Long             | EC               | CORP              | JP        |    299100 | NS      | $7043573.60   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Technoprobe SpA                                          | TECHNOPROBE SPA                | CUSIP: N/A<br>LEI: 8156007154CD8334D053       | Long             | EC               | CORP              | IT        |    384017 | NS      | $4155614.44   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Iluka Resources Ltd                                      | ILUKA RESOURCES                | CUSIP: N/A<br>LEI: 2549009N2Y1F4YNB0955       | Long             | EC               | CORP              | AU        |    909976 | NS      | $4114157.36   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| OBIC Business Consultants Co Ltd                         | OBIC BUSINESS                  | CUSIP: J59469106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    142600 | NS      | $8161050.55   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Crystal International Group Ltd                          | CRYSTAL INTERNAT               | CUSIP: G2701R101<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   1948500 | NS      | $1707907.28   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Immatics NV                                              | IMMATICS NV                    | CUSIP: N44445109<br>LEI: 984500DC691EZ96AF394 | Long             | EC               | CORP              | US        |    290372 | NS      | $2958890.68   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Topaz Energy Corp                                        | TOPAZ ENERGY COR               | CUSIP: 89055A203<br>LEI: 98450056D90CB02FQ571 | Long             | EC               | CORP              | CA        |     65050 | NS      | $1154857.22   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Shawbrook Group PLC                                      | SHAWBRK GRP W/I                | CUSIP: N/A<br>LEI: 21380071539WSMTM4410       | Long             | EC               | CORP              | GB        |    532141 | NS      | $2733377.90   | 0.19%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Fisher & Paykel Healthcare Corp Ltd                      | FISHER & PAYKEL                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    237893 | NS      | $5020307.35   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Zai Lab Ltd                                              | ZAI LAB LTD-ADR                | CUSIP: N/A<br>LEI: 549300P2UYQ9U5LY1T58       | Long             | EC               | CORP              | US        |    133768 | NS      | $3495357.84   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| CAR Group Ltd                                            | CAR GROUP LTD                  | CUSIP: Q21411121<br>LEI: 5299009TFWZGH2AN7D11 | Long             | EC               | CORP              | AU        |    209014 | NS      | $4880358.36   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Forestry Co Ltd                                 | SUMITOMO FOREST                | CUSIP: N/A<br>LEI: 549300FIIRGO6D5FWR19       | Long             | EC               | CORP              | JP        |    581400 | NS      | $6048173.35   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Marui Group Co Ltd                                       | MARUI GROUP                    | CUSIP: N/A<br>LEI: 52990081ZYFHQZEEMU57       | Long             | EC               | CORP              | JP        |    166219 | NS      | $3187807.44   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Shandong Weigao Group Medical Polymer Co Ltd             | SHANDONG WEIG-H                | CUSIP: N/A<br>LEI: 5299005WQUU15JQU8S60       | Long             | EC               | CORP              | HK        |   2801469 | NS      | $1960996.66   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyo Suisan Kaisha Ltd                                   | TOYO SUISAN KAI                | CUSIP: 892306101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     52782 | NS      | $3825900.53   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Cochlear Ltd                                             | COCHLEAR LTD                   | CUSIP: N/A<br>LEI: 5493001OLLWY8KV5UC08       | Long             | EC               | CORP              | AU        |     29655 | NS      | $5567424.65   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Stockland                                                | STOCKLAND                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   2072873 | NS      | $8570052.48   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                                    | PSP SWISS PR-REG               | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |     11861 | NS      | $2051522.53   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphamin Resources Corp                                  | ALPHAMIN RESOURC               | CUSIP: N/A<br>LEI: 529900YI7Z8X5I42E192       | Long             | EC               | CORP              | CA        |   3361199 | NS      | $2564245.79   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Koito Manufacturing Co Ltd                               | KOITO MFG CO                   | CUSIP: J34899104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    141744 | NS      | $2110599.06   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Mebuki Financial Group Inc                               | MEBUKI FINANCIAL               | CUSIP: N/A<br>LEI: 353800K1RXV3E3JAE812       | Long             | EC               | CORP              | JP        |   1786468 | NS      | $11146873.95  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Camurus AB                                               | CAMURUS AB                     | CUSIP: N/A<br>LEI: 5493003S6Z6VI7WYFQ06       | Long             | EC               | CORP              | SE        |     27982 | NS      | $1840780.56   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Inchcape PLC                                             | INCHCAPE PLC                   | CUSIP: N/A<br>LEI: 213800RGEH1MPPNM2T57       | Long             | EC               | CORP              | GB        |    385735 | NS      | $3870796.09   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Ulvac Inc                                                | ULVAC INC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    118625 | NS      | $5380750.98   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| KH Neochem Co Ltd                                        | KH NEOCHEM CO LT               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     70200 | NS      | $1255382.44   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Fluidra SA                                               | FLUIDRA SA                     | CUSIP: N/A<br>LEI: 95980020140005026620       | Long             | EC               | CORP              | ES        |    248277 | NS      | $7186235.78   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Mani Inc                                                 | MANI INC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    713400 | NS      | $6824843.58   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Hensoldt AG                                              | HENSOLDT AG                    | CUSIP: N/A<br>LEI: 894500686FYLLZD3M624       | Long             | EC               | CORP              | DE        |     22710 | NS      | $2420833.08   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| AddTech AB                                               | ADDTECH AB-B SH                | CUSIP: N/A<br>LEI: 549300QZ5U2IDRHPWL60       | Long             | EC               | CORP              | SE        |    162113 | NS      | $5461698.60   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund        | Vanguard Market Liquidity Fund | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    309822 | NS      | $30982180.10  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DO & CO AG                                               | DO & CO AG                     | CUSIP: N/A<br>LEI: 5299002NFQKOBT1E8569       | Long             | EC               | CORP              | AT        |     32207 | NS      | $7682876.73   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Harmony Gold Mining Co Ltd                               | HARMONY GOLD MNG               | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |    244692 | NS      | $4071326.84   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Kemira Oyj                                               | KEMIRA OYJ                     | CUSIP: N/A<br>LEI: 74370031Y7RK5H88CQ48       | Long             | EC               | CORP              | FI        |    157289 | NS      | $3461816.08   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Oddity Tech Ltd                                          | ODDITY TECH LTD                | CUSIP: N/A<br>LEI: 254900QH12XZS53G0V57       | Long             | EC               | CORP              | US        |     69514 | NS      | $3145508.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantage Energy Ltd                                     | ADVANTAGE ENERGY               | CUSIP: 00791P107<br>LEI: 549300WK5YRPOB2DTT64 | Long             | EC               | CORP              | CA        |    191456 | NS      | $1519307.89   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First International Bank Of Israel Ltd/The               | FIBI BANK                      | CUSIP: N/A<br>LEI: 2138002RV6AUUX19F397       | Long             | EC               | CORP              | IL        |     61558 | NS      | $4427378.08   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Hellenic Telecommunications Organization SA              | HELLENIC TELECOM               | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |    281044 | NS      | $5277670.98   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| LunR Royalties Corp                                      | LUNR ROYALTIES C               | CUSIP: 550428106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    206403 | NS      | $211914.24    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| United Internet AG                                       | UNITED INTERN-RE               | CUSIP: N/A<br>LEI: 3VEKWPJHTD4NKMBVG947       | Long             | EC               | CORP              | DE        |    186929 | NS      | $5770839.05   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC                                    | AUTO TRADER                    | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |     77942 | NS      | $799614.02    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Cranswick PLC                                            | CRANSWICK PLC                  | CUSIP: G2504J108<br>LEI: 549300LDZLPU51XOSK43 | Long             | EC               | CORP              | GB        |    131976 | NS      | $8561913.72   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| NGEx Minerals Ltd                                        | NGEX MINERALS LT               | CUSIP: 62930A102<br>LEI: 549300M2DU5ORAGOIG27 | Long             | EC               | CORP              | CA        |    825614 | NS      | $13450700.44  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Cyprus Holdings PLC                              | BANK OF CYPRUS H               | CUSIP: N/A<br>LEI: 635400L14KNHZXPUZM19       | Long             | EC               | CORP              | GR        |    373229 | NS      | $3434766.05   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Borregaard ASA                                           | BORREGAARD ASA                 | CUSIP: N/A<br>LEI: 5967007LIEEXZXGYXC05       | Long             | EC               | CORP              | NO        |    201433 | NS      | $3814863.03   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyushu Electric Power Co Inc                             | KYUSHU ELEC PWR                | CUSIP: N/A<br>LEI: 549300BYNZPLKQVQH430       | Long             | EC               | CORP              | JP        |    965679 | NS      | $9477433.94   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Unicaja Banco SA                                         | UNICAJA BANCO SA               | CUSIP: N/A<br>LEI: 5493007SJLLCTM6J6M37       | Long             | EC               | CORP              | ES        |    463852 | NS      | $1252313.27   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Persol Holdings Co Ltd                                   | PERSOL HOLDINGS                | CUSIP: J6367Q106<br>LEI: 3538000H6OI725NB2008 | Long             | EC               | CORP              | JP        |   1550578 | NS      | $2572201.35   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Nxera Pharma Co Ltd                                      | NXERA PHARMA CO                | CUSIP: N/A<br>LEI: 2138004M62BFNJMR2Z82       | Long             | EC               | CORP              | JP        |    319084 | NS      | $1856132.56   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sapiens International Corp NV                            | SAPIENS INTL                   | CUSIP: G7T16G103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67955 | NS      | $2925462.75   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nien Made Enterprise Co Ltd                              | NIEN MADE                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    314000 | NS      | $3761666.98   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| NuVista Energy Ltd                                       | NUVISTA ENERGY                 | CUSIP: 67072Q104<br>LEI: 549300MG32TDSM60SX75 | Long             | EC               | CORP              | CA        |    184496 | NS      | $2194141.58   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| and ST HD Co Ltd                                         | AND ST HD CO LTD               | CUSIP: N/A<br>LEI: 353800DZZIJ399PIWU03       | Long             | EC               | CORP              | JP        |    235452 | NS      | $3973077.22   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| VGP NV                                                   | VGP                            | CUSIP: N/A<br>LEI: 315700NENYPIXFR94T49       | Long             | EC               | CORP              | BE        |     60614 | NS      | $7002502.63   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Steel Works Ltd/The                                | JAPAN STEEL WORK               | CUSIP: N/A<br>LEI: 529900AWFTILIHHO0936       | Long             | EC               | CORP              | JP        |     42186 | NS      | $2762895.36   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airport Terminal Co Ltd                            | JAPAN AIR TERMIN               | CUSIP: N/A<br>LEI: 353800W9WEQSGUY2EO26       | Long             | EC               | CORP              | JP        |     74278 | NS      | $2307923.41   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| eGuarantee Inc                                           | EGUARANTEE INC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    255093 | NS      | $2631231.30   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Camtek Ltd/Israel                                        | CAMTEK LTD                     | CUSIP: M20791105<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | US        |     52472 | NS      | $6497083.04   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Hemnet Group AB                                          | HEMNET GROUP AB                | CUSIP: N/A<br>LEI: 5493008VIU67J3HUAR07       | Long             | EC               | CORP              | SE        |    141181 | NS      | $3081374.08   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| OKUMA Corp                                               | OKUMA CORP                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     62900 | NS      | $1400328.51   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Birchcliff Energy Ltd                                    | BIRCHCLIFF ENERG               | CUSIP: 090697103<br>LEI: 5493000BBN3EF2L0XW29 | Long             | EC               | CORP              | CA        |    445320 | NS      | $2076498.38   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Addiko Bank AG                                           | ADDIKO BANK AG                 | CUSIP: N/A<br>LEI: 529900UKZBMDBDZIXD62       | Long             | EC               | CORP              | AT        |     23083 | NS      | $560792.52    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Rakuten Bank Ltd                                         | RAKUTEN BANK LTD               | CUSIP: N/A<br>LEI: 3538007HFAF2NOCBUE44       | Long             | EC               | CORP              | JP        |    100692 | NS      | $5526717.18   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Xero Ltd                                                 | XERO LTD                       | CUSIP: N/A<br>LEI: 254900UG5D8YST164N14       | Long             | EC               | CORP              | AU        |     53346 | NS      | $5046812.42   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| GMO Payment Gateway Inc                                  | GMO PAYMENT GATE               | CUSIP: J18229104<br>LEI: 353800Q6U21E2PM83F86 | Long             | EC               | CORP              | JP        |    156183 | NS      | $8519837.85   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Unibrew A/S                                        | ROYAL UNIBREW                  | CUSIP: N/A<br>LEI: 529900D69KFL8IAP8Q63       | Long             | EC               | CORP              | DK        |     61943 | NS      | $4681665.33   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokohama Financial Group Inc                             | YOKOHAMA FINANCI               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1080000 | NS      | $7845378.44   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Seria Co Ltd                                             | SERIA CO LTD                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    350800 | NS      | $6679891.97   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Elia Group SA/NV                                         | ELIA GROUP SA/NV               | CUSIP: N/A<br>LEI: 549300S1MP1NFDIKT460       | Long             | EC               | CORP              | BE        |     37946 | NS      | $4573569.75   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Kanzhun Ltd                                              | KANZHUN LTD                    | CUSIP: N/A<br>LEI: 254900F4ZCBITP7L0251       | Long             | EC               | CORP              | US        |     64749 | NS      | $1434837.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd                          | APOLLO HOSPITALS               | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |     94810 | NS      | $8205023.45   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Marimaca Copper Corp                                     | MARIMACA COPPER                | CUSIP: 56783M106<br>LEI: 254900ZZYV59162NO535 | Long             | EC               | CORP              | CA        |    317903 | NS      | $2472868.51   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SigmaRoc PLC                                             | SIGMAROC PLC                   | CUSIP: N/A<br>LEI: 213800Q3CJUERBGD1E44       | Long             | EC               | CORP              | GB        |   4859948 | NS      | $7380061.63   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| TFI International Inc                                    | TFI INTERNATIONA               | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | US        |      6121 | NS      | $549237.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Medincell SA                                             | MEDINCELL SA                   | CUSIP: N/A<br>LEI: 969500R79U6PXCL2FF46       | Long             | EC               | CORP              | FR        |    114396 | NS      | $5075673.06   | 0.35%             |  |  |  | No            |                  2 | On Loan: —       |
| Rightmove PLC                                            | RIGHTMOVE                      | CUSIP: G7565D106<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    579542 | NS      | $5088644.90   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Italgas SpA                                              | ITALGAS SPA                    | CUSIP: N/A<br>LEI: 815600F25FF44EF1FA76       | Long             | EC               | CORP              | IT        |    954504 | NS      | $10015541.46  | 0.69%             |  |  |  | No            |                  2 | On Loan: —       |
| SBI Holdings Inc                                         | SBI HOLDINGS INC               | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |     96900 | NS      | $4330175.73   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Rumo SA                                                  | RUMO SA                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   2273705 | NS      | $6728200.75   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | SEK/USD FWD 20251217           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $17365.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortune Real Estate Investment Trust                     | FORTUNE REIT                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   1600000 | NS      | $1033558.72   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Linea Directa Aseguradora SA Cia de Seguros y Reaseguros | LINEA DIRECTA AS               | CUSIP: N/A<br>LEI: 95980079E2NBJT967T79       | Long             | EC               | CORP              | ES        |   1388016 | NS      | $1839569.64   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNeVision Holdings Ltd                                  | SUNEVISION HLDGS               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   2388121 | NS      | $1854944.68   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| QinetiQ Group PLC                                        | QINETIQ GROUP PL               | CUSIP: G7303P106<br>LEI: 213800S8OBDOZMCMUW34 | Long             | EC               | CORP              | GB        |    578617 | NS      | $3653782.96   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Volution Group PLC                                       | VOLUTION GROUP                 | CUSIP: N/A<br>LEI: 213800EPT84EQCDHO768       | Long             | EC               | CORP              | GB        |    482997 | NS      | $4171376.09   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Shimamura Co Ltd                                         | SHIMAMURA CO                   | CUSIP: J72208101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    123656 | NS      | $7972070.40   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Technogym SpA                                            | TECHNOGYM SPA                  | CUSIP: N/A<br>LEI: 815600B9149F66E77F76       | Long             | EC               | CORP              | IT        |    430712 | NS      | $7801511.63   | 0.54%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BE Semiconductor Industries NV                           | BE SEMICONDUCTOR               | CUSIP: N/A<br>LEI: 7245007A1YFLI2GNYX06       | Long             | EC               | CORP              | NL        |     18660 | NS      | $3181458.28   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Softcat PLC                                              | SOFTCAT PLC                    | CUSIP: N/A<br>LEI: 213800N42YZLR9GLVC42       | Long             | EC               | CORP              | GB        |    320822 | NS      | $6760204.27   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Immunocore Holdings PLC                                  | IMMUNOCORE HOLDI               | CUSIP: N/A<br>LEI: 213800IUE3DFS84BVN18       | Long             | EC               | CORP              | US        |     71851 | NS      | $2377549.59   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wienerberger AG                                          | WIENERBERGER AG                | CUSIP: N/A<br>LEI: 529900VXIFBHO0SW2I31       | Long             | EC               | CORP              | AT        |    136913 | NS      | $4064214.60   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Lasertec Corp                                            | LASERTEC CORP                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     15600 | NS      | $3167305.35   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| INVISIO AB                                               | INVISIO AB                     | CUSIP: N/A<br>LEI: 54930054EB7KX3MY2Q11       | Long             | EC               | CORP              | SE        |    207555 | NS      | $6599747.61   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Genesis Minerals Ltd                                     | GENESIS MINERALS               | CUSIP: N/A<br>LEI: 894500AK5BVRCNP0FP48       | Long             | EC               | CORP              | AU        |   1327643 | NS      | $5051149.82   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Chemometec A/S                                           | CHEMOMETEC A/S                 | CUSIP: N/A<br>LEI: 213800533NBKECGONO68       | Long             | EC               | CORP              | DK        |     20683 | NS      | $2527681.63   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC                                           | WEIR GROUP PLC                 | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |    173328 | NS      | $6747298.65   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Nufarm Ltd                                               | NUFARM LTD                     | CUSIP: N/A<br>LEI: 529900QVU58IVMPRWJ98       | Long             | EC               | CORP              | AU        |    426008 | NS      | $579351.19    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Storebrand ASA                                           | STOREBRAND ASA                 | CUSIP: N/A<br>LEI: 5967007LIEEXZX7NA051       | Long             | EC               | CORP              | NO        |    213864 | NS      | $3314253.67   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Stella International Holdings Ltd                        | STELLA INTERNATI               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   1630855 | NS      | $3467173.95   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Stabilus SE                                              | STABILUS SE                    | CUSIP: N/A<br>LEI: 529900JOSL94HJN4VZ28       | Long             | EC               | CORP              | DE        |     68792 | NS      | $1726996.60   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | EUR/USD FWD 20251217           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $5934.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinbon Electronics Co Ltd                                | SINBON ELEC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    501000 | NS      | $3433735.13   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Logista Integral SA                                      | LOGISTA                        | CUSIP: N/A<br>LEI: 9598000ANNAL42UJ7X28       | Long             | EC               | CORP              | ES        |    150713 | NS      | $5022847.48   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| St James's Place PLC                                     | ST JAMES'S PLACE               | CUSIP: G5005D124<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |    126891 | NS      | $2165021.52   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Sansan Inc                                               | SANSAN INC                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    164388 | NS      | $1939141.46   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| DOF Group ASA                                            | DOF GROUP ASA                  | CUSIP: N/A<br>LEI: 213800GIV9N2A714T434       | Long             | EC               | CORP              | NO        |    102338 | NS      | $917433.09    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                             | TECHTRONIC IND                 | CUSIP: Y8563B159<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    234500 | NS      | $2735211.35   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Nishi-Nippon Financial Holdings Inc                      | NISHI-NIPPON FIN               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    478900 | NS      | $8183576.30   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Ayvens SA                                                | AYVENS SA                      | CUSIP: N/A<br>LEI: 969500E7V019H9NP7427       | Long             | EC               | CORP              | FR        |    479067 | NS      | $6391374.77   | 0.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Arcadis NV                                               | ARCADIS NV                     | CUSIP: N/A<br>LEI: 7245000UZH70GO047N03       | Long             | EC               | CORP              | NL        |    354813 | NS      | $16944731.57  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SiteMinder Ltd                                           | SITEMINDER LTD                 | CUSIP: N/A<br>LEI: 254900PN89MZJ2AQST50       | Long             | EC               | CORP              | AU        |    401082 | NS      | $1861822.22   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Huaming Power Equipment Co Ltd                           | HUAMING POWER -A               | CUSIP: N/A<br>LEI: 9845005FF6F9871E3985       | Long             | EC               | CORP              | CN        |   1070150 | NS      | $3926029.08   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Saipem SpA                                               | SAIPEM SPA                     | CUSIP: N/A<br>LEI: 549300PHV8MBDHWB8X12       | Long             | EC               | CORP              | IT        |    812932 | NS      | $2119269.96   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaufman & Broad SA                                       | KAUFMAN & BROAD                | CUSIP: N/A<br>LEI: 969500CE0X343D8ALO86       | Long             | EC               | CORP              | FR        |     48404 | NS      | $1628897.35   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | SEK/USD FWD 20251217           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2010.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Peyto Exploration & Development Corp                     | PEYTO EXPL & DEV               | CUSIP: 717046106<br>LEI: 549300WZKJ63UJDWP310 | Long             | EC               | CORP              | CA        |     71714 | NS      | $1044609.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Trusco Nakayama Corp                                     | TRUSCO NAKAYAMA                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    242500 | NS      | $3823408.41   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Emmi AG                                                  | EMMI AG-REG                    | CUSIP: N/A<br>LEI: 529900Q53RBYJIVCMA08       | Long             | EC               | CORP              | CH        |      3221 | NS      | $2862073.43   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Aedifica SA                                              | AEDIFICA                       | CUSIP: N/A<br>LEI: 529900DTKNXL0AXQFN28       | Long             | EC               | CORP              | BE        |     11874 | NS      | $867139.36    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Billerud Aktiebolag                                      | BILLERUD AB                    | CUSIP: N/A<br>LEI: 549300YJUYJ9A24RXL71       | Long             | EC               | CORP              | SE        |    270176 | NS      | $2500052.35   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| D'ieteren Group                                          | D'IETEREN GROUP                | CUSIP: N/A<br>LEI: 549300DV5KJ23OKVTW34       | Long             | EC               | CORP              | BE        |     14310 | NS      | $2614046.86   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Oberoi Realty Ltd                                        | OBEROI REALTY                  | CUSIP: N/A<br>LEI: 335800TCKG1XQXN51L44       | Long             | EC               | CORP              | IN        |    342928 | NS      | $6865758.81   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Sporton International Inc                                | SPORTON INTL                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    417000 | NS      | $2424749.97   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Irish Residential Properties REIT PLC                    | IRISH RESIDENTIA               | CUSIP: N/A<br>LEI: 635400EOPACLULRENY18       | Long             | EC               | CORP              | IE        |   2073689 | NS      | $2217490.37   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Rorze Corp                                               | RORZE CORP                     | CUSIP: N/A<br>LEI: 529900ORJHC47686AS71       | Long             | EC               | CORP              | JP        |    233900 | NS      | $3257151.47   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| IMI PLC                                                  | IMI PLC                        | CUSIP: G47152114<br>LEI: 2138002W9Q21PF751R30 | Long             | EC               | CORP              | GB        |    225966 | NS      | $7104145.62   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Bellway PLC                                              | BELLWAY PLC                    | CUSIP: N/A<br>LEI: 213800CY4L3HST4FGZ98       | Long             | EC               | CORP              | GB        |    153257 | NS      | $5289359.67   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Sega Sammy Holdings Inc                                  | SEGA SAMMY HOLD                | CUSIP: N/A<br>LEI: 5493006B6WMKNQ8QNP51       | Long             | EC               | CORP              | JP        |    433883 | NS      | $8028443.03   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Penta-Ocean Construction Co Ltd                          | PENTA-OCEAN CONS               | CUSIP: N/A<br>LEI: 529900QN42Q9UIW3AS17       | Long             | EC               | CORP              | JP        |    901090 | NS      | $8249478.07   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| SimilarWeb Ltd                                           | SIMILARWEB LTD                 | CUSIP: N/A<br>LEI: 254900GWO7PNBAYCPJ12       | Long             | EC               | CORP              | US        |    837885 | NS      | $7163916.75   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTDC Ltd                                               | NEXTDC LTD                     | CUSIP: N/A<br>LEI: 529900RTERU3X7G3D672       | Long             | EC               | CORP              | AU        |    266651 | NS      | $2741422.09   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Montana Aerospace AG                                     | MONTANA AEROSPAC               | CUSIP: N/A<br>LEI: 506700YRG9330Q97U450       | Long             | EC               | CORP              | CH        |    115317 | NS      | $4571966.56   | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nova Ljubljanska Banka dd                                | NOVA LJUBLJ-REGS               | CUSIP: N/A<br>LEI: 5493001BABFV7P27OW30       | Long             | EC               | CORP              | GB        |     90336 | NS      | $3624409.12   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Diploma PLC                                              | DIPLOMA PLC                    | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     85592 | NS      | $6314383.50   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Financial Ltd                                    | PHOENIX FIN LTD                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |     54514 | NS      | $2098627.79   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Daifuku Co Ltd                                           | DAIFUKU CO LTD                 | CUSIP: N/A<br>LEI: 3538006FG1W4X3MYHL36       | Long             | EC               | CORP              | JP        |    276100 | NS      | $8801185.05   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Marks & Spencer Group PLC                                | MARKS & SPENCER                | CUSIP: N/A<br>LEI: 213800EJP14A79ZG1X44       | Long             | EC               | CORP              | GB        |   1114842 | NS      | $5825965.00   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Maruwa Co Ltd/Aichi                                      | MARUWA CO LTD                  | CUSIP: N/A<br>LEI: 3538009BXGIG8PFXNI29       | Long             | EC               | CORP              | JP        |     21454 | NS      | $6065842.29   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Canon Marketing Japan Inc                                | CANON MARKETING                | CUSIP: N/A<br>LEI: 529900WMTZBIIROD5K97       | Long             | EC               | CORP              | JP        |    157888 | NS      | $6574579.97   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Merlin Properties Socimi SA                              | MERLIN PROPERTIE               | CUSIP: N/A<br>LEI: 959800L8KD863DP30X04       | Long             | EC               | CORP              | ES        |    210264 | NS      | $3275549.11   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellebrite DI Ltd                                        | CELLEBRITE DI LT               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    406154 | NS      | $6928987.24   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ABC-Mart Inc                                             | ABC-MART INC                   | CUSIP: N/A<br>LEI: 353800AXWW4CMTSJWL33       | Long             | EC               | CORP              | JP        |    325067 | NS      | $5568980.98   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Babcock International Group PLC                          | BABCOCK INTL GRP               | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |    341287 | NS      | $5450025.24   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Seimitsu Co Ltd                                    | TOKYO SEIMITSU                 | CUSIP: J87903100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     43634 | NS      | $3001737.77   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| FP Corp                                                  | FP CORP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    391891 | NS      | $6368308.57   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Baltic Classifieds Group PLC                             | BALTIC CLASSIFIE               | CUSIP: N/A<br>LEI: 213800I1RPHCFSSQS969       | Long             | EC               | CORP              | GB        |   1392659 | NS      | $5400497.22   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Wereldhave NV                                            | WERELDHAVE NV                  | CUSIP: N/A<br>LEI: 724500YRQCY3BD9RJZ92       | Long             | EC               | CORP              | NL        |    118478 | NS      | $2516497.38   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Yaskawa Electric Corp                                    | YASKAWA ELECTRIC               | CUSIP: N/A<br>LEI: 3538003K39GR98R0CK58       | Long             | EC               | CORP              | JP        |     41600 | NS      | $1141017.62   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| 4imprint Group PLC                                       | 4IMPRINT GROUP                 | CUSIP: G36555103<br>LEI: 213800G95T751RN2CT94 | Long             | EC               | CORP              | GB        |    136444 | NS      | $5975256.41   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Konecranes Oyj                                           | KONECRANES OYJ                 | CUSIP: N/A<br>LEI: 549300EF0CDEQZBMA096       | Long             | EC               | CORP              | FI        |     92161 | NS      | $9096995.60   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Ai Holdings Corp                                         | AI HOLDINGS CORP               | CUSIP: J0060P101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    399000 | NS      | $6930876.93   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                                      | ASCENDIS PHA-ADR               | CUSIP: N/A<br>LEI: 549300B66JN3W3J8GH73       | Long             | EC               | CORP              | US        |     19714 | NS      | $3974342.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltronic Power Technology Corp                          | VOLTRONIC POWER                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    144252 | NS      | $5651192.29   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd                                  | ENN ENERGY                     | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | HK        |    440900 | NS      | $3841680.75   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Cint Group AB                                            | CINT GROUP AB                  | CUSIP: N/A<br>LEI: 549300KSY3P5G8XC0A34       | Long             | EC               | CORP              | SE        |   2201090 | NS      | $836000.16    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyotokeiba Co Ltd                                      | TOKYOTOKEIBA                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    117660 | NS      | $4218967.91   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Allfunds Group Plc                                       | ALLFUNDS GROUP P               | CUSIP: N/A<br>LEI: 9598005U8TZQ8Q64SC71       | Long             | EC               | CORP              | NL        |    488894 | NS      | $3716444.46   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC                                 | HOWDEN JOINERY G               | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |     53265 | NS      | $604977.20    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA                             | GAZTRANSPORT                   | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |      9928 | NS      | $1966041.02   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Elementis PLC                                            | ELEMENTIS PLC                  | CUSIP: N/A<br>LEI: 549300LQIH685LI2ML36       | Long             | EC               | CORP              | GB        |   1417356 | NS      | $3063719.11   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                                             | BANKINTER                      | CUSIP: N/A<br>LEI: VWMYAEQSTOPNV0SUGU82       | Long             | EC               | CORP              | ES        |    396797 | NS      | $5981415.94   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Merus NV                                                 | MERUS NV                       | CUSIP: N5749R100<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | US        |     33057 | NS      | $3135787.02   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | MSCI EmgMkt       Dec25        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |        96 | NC      | $227867.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MakeMyTrip Ltd                                           | MAKEMYTRIP LTD                 | CUSIP: V5633W109<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | EC               | CORP              | US        |     26240 | NS      | $2099200.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Densetsu Kogyo Co Ltd                             | NIPPON DENSETSU                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    465100 | NS      | $8676820.17   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Boku Inc                                                 | BOKU INC-REG S                 | CUSIP: N/A<br>LEI: 549300Y4P2ZPFKCZ0C60       | Long             | EC               | CORP              | GB        |    517396 | NS      | $1597886.15   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Genuit Group PLC                                         | GENUIT GROUP PLC               | CUSIP: N/A<br>LEI: 2138005IF1N2RKJ6KO18       | Long             | EC               | CORP              | GB        |   1172453 | NS      | $5700403.17   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Miura Co Ltd                                             | MIURA CO LTD                   | CUSIP: N/A<br>LEI: 3538005VS7UNWU9PHX56       | Long             | EC               | CORP              | JP        |    310600 | NS      | $6014356.59   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Alm Brand A/S                                            | ALM. BRAND A/S                 | CUSIP: N/A<br>LEI: 549300H4TGLJVZ6VTA48       | Long             | EC               | CORP              | DK        |    314541 | NS      | $885213.09    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Deterra Royalties Ltd                                    | DETERRA ROYALTIE               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    755726 | NS      | $2014778.56   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Thule Group AB                                           | THULE GROUP AB/T               | CUSIP: N/A<br>LEI: 549300XHHOGBOERKU333       | Long             | EC               | CORP              | SE        |    237720 | NS      | $6090480.96   | 0.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JET2 PLC                                                 | JET2 PLC                       | CUSIP: G5112P101<br>LEI: I72RQ3PNLDPW8R7JIJ56 | Long             | EC               | CORP              | GB        |    100256 | NS      | $1750760.68   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| ALK-Abello A/S                                           | ALK-ABELLO A/S                 | CUSIP: N/A<br>LEI: 529900SGCREUZCZ7P020       | Long             | EC               | CORP              | DK        |    120106 | NS      | $3962109.11   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI EAFE Small-Cap ETF                          | ISHARES MSCI EAF               | CUSIP: 464288273<br>LEI: 549300MJV5OZGVS4LX86 | Long             | EC               | RF                | US        |    124694 | NS      | $9502929.74   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| MEC Co Ltd                                               | MEC CO LTD                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    282518 | NS      | $8334281.25   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunello Cucinelli SpA                                   | BRUNELLO CUCINEL               | CUSIP: N/A<br>LEI: 5493003CX2RZ0FOBH256       | Long             | EC               | CORP              | IT        |      7067 | NS      | $716229.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| IMAX Corp                                                | IMAX CORP                      | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | US        |    150863 | NS      | $4901538.87   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund        | Vanguard Market Liquidity Fund | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |    155427 | NS      | $15542715.05  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd                                           | PB FINTECH LTD                 | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |      3373 | NS      | $67709.31     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ringkjoebing Landbobank A/S                              | RINGKJOEBING LND               | CUSIP: N/A<br>LEI: 2138002M5U5K4OUMVV62       | Long             | EC               | CORP              | DK        |     16108 | NS      | $3642918.04   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                           | CHROMA ATE                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    455753 | NS      | $12066834.23  | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Hiscox Ltd                                               | HISCOX LTD                     | CUSIP: G4593F138<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | EC               | CORP              | GB        |    192750 | NS      | $3484589.34   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Kobe Bussan Co Ltd                                       | KOBE BUSSAN CO L               | CUSIP: J3478K102<br>LEI: 353800CJIFNHN2DXRD59 | Long             | EC               | CORP              | JP        |    313100 | NS      | $7265210.10   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Kissei Pharmaceutical Co Ltd                             | KISSEI PHARM CO                | CUSIP: J33652108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    257100 | NS      | $6713931.41   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashok Leyland Ltd                                        | ASHOK LEYLAND                  | CUSIP: N/A<br>LEI: 3358001BZKWERVWYCK35       | Long             | EC               | CORP              | IN        |    482076 | NS      | $767701.43    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                                                | HALMA PLC                      | CUSIP: G42504103<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    184193 | NS      | $8583109.63   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Aumovio SE                                               | AUMOVIO SE                     | CUSIP: N/A<br>LEI: 391200IGI9RQ7VTOK384       | Long             | EC               | CORP              | DE        |     56839 | NS      | $2443727.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Oculis Holding AG                                        | OCULIS HOLDING A               | CUSIP: N/A<br>LEI: 5067005370C2KK324336       | Long             | EC               | CORP              | US        |    105659 | NS      | $2037105.52   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Genus PLC                                                | GENUS PLC                      | CUSIP: G3827X105<br>LEI: 54930022EOITNKSIGH56 | Long             | EC               | CORP              | GB        |     95295 | NS      | $3083334.60   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukushima Galilei Co Ltd                                 | GALILEI CO LTD                 | CUSIP: J16034100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    306900 | NS      | $7138566.69   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | MSCI EAFE         Dec25        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |       108 | NC      | $128216.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                                  | TOWER SEMICONDCT               | CUSIP: M87915274<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | US        |     84255 | NS      | $7175998.35   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ASKUL Corp                                               | ASKUL CORP                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    378554 | NS      | $3441956.81   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SKAN Group AG                                            | SKAN GROUP AG                  | CUSIP: N/A<br>LEI: 506700N25H370ZSEFR11       | Long             | EC               | CORP              | CH        |     51071 | NS      | $3336689.33   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Land Securities Group PLC                                | LAND SECURITIES                | CUSIP: N/A<br>LEI: 213800V8IAVKS37D6B88       | Long             | EC               | CORP              | GB        |    436055 | NS      | $3563701.80   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NOBA Bank Group AB                                       | NOBA BANK GROUP                | CUSIP: N/A<br>LEI: 21380057HUGFEAF25W84       | Long             | EC               | CORP              | SE        |    308362 | NS      | $3106259.67   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-23

**Name of Applicant:** VANGUARD WHITEHALL FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer